IMADEK: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMADEK
Largest movements
- Tangible fixed assets +€7,891
new in 2026: €7,891
of which Plant, machinery and equipment: +€5,991
- Receivables within one year -€6,191
down €6,191 (-21.4%), from €28,957 to €22,766
of which Trade receivables: -€6,191
- Cash +€1,023
up €1,023 (+2.0%), from €51,180 to €52,203
mainly Net result for the year (+€62,191) and Tax, wage and social debts (+€7,289)
- Other debts -€13,198
down €13,198 (-23.9%), from €55,296 to €42,098
- Tax, wage and social debts +€7,289
up €7,289 (+124.0%), from €5,880 to €13,169
- Profit (loss) carried forward +€7,191
up €7,191, from €0 to €7,191
- Trade debts +€1,559
up €1,559 (+521.7%), from €299 to €1,857
- Gross operating margin +€19,615
up €19,615 (+28.5%), from €68,877 to €88,493
- Taxes +€7,706
up €7,706 (+53.3%), from €14,445 to €22,151
- Other operating charges +€2,453
up €2,453 (+230.5%), from €1,064 to €3,517
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,137 | €83,274 | +€3,137 | +3.9% |
| Fixed assets | 21/28 | - | €7,891 | +€7,891 | |
| Tangible fixed assets | 22/27 | - | €7,891 | +€7,891 | |
| Plant, machinery and equipment | 23 | - | €5,991 | +€5,991 | |
| Furniture and vehicles | 24 | - | €1,900 | +€1,900 | |
| Current assets | 29/58 | €80,137 | €75,383 | -€4,754 | -5.9% |
| Amounts receivable within one year | 40/41 | €28,957 | €22,766 | -€6,191 | -21.4% |
| Trade receivables | 40 | €28,957 | €22,766 | -€6,191 | -21.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €51,180 | €52,203 | +€1,023 | +2.0% |
| Deferred charges and accrued income | 490/1 | €0 | €414 | +€414 | |
| Total equity and liabilities | 10/49 | €80,137 | €83,274 | +€3,137 | +3.9% |
| Equity | 10/15 | €18,550 | €25,741 | +€7,191 | +38.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €7,191 | +€7,191 | |
| Amounts payable | 17/49 | €61,587 | €57,533 | -€4,054 | -6.6% |
| Amounts payable within one year | 42/48 | €61,475 | €57,125 | -€4,350 | -7.1% |
| Trade debts | 44 | €299 | €1,857 | +€1,559 | +521.7% |
| Suppliers | 440/4 | €299 | €1,857 | +€1,559 | +521.7% |
| Taxes, remuneration and social security | 45 | €5,880 | €13,169 | +€7,289 | +124.0% |
| Taxes | 450/3 | €5,880 | €13,169 | +€7,289 | +124.0% |
| Other amounts payable | 47/48 | €55,296 | €42,098 | -€13,198 | -23.9% |
| Accrued charges and deferred income | 492/3 | €112 | €408 | +€296 | +264.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €734 | +€734 | |
| Other operating charges | 640/8 | €1,064 | €3,517 | +€2,453 | +230.5% |
| Gross operating margin | 9900 | €68,877 | €88,493 | +€19,615 | +28.5% |
| Operating profit (loss) | 9901 | €67,813 | €84,241 | +€16,428 | +24.2% |
| Financial income | 75/76B | €267 | €172 | -€95 | -35.6% |
| Recurring financial income | 75 | €267 | €172 | -€95 | -35.6% |
| Financial charges | 65/66B | €110 | €70 | -€40 | -35.9% |
| Recurring financial charges | 65 | €110 | €70 | -€40 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €67,970 | €84,342 | +€16,372 | +24.1% |
| Income taxes | 67/77 | €14,445 | €22,151 | +€7,706 | +53.3% |
| Profit (loss) for the period | 9904 | €53,525 | €62,191 | +€8,666 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,525 | €62,191 | +€8,666 | +16.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.