IMADEM: 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.
IMADEM
Largest movements
- Tangible fixed assets -€1,867
down €1,867 (-2.0%), from €91,690 to €89,823
- Cash -€1,665
down €1,665 (-95.8%), from €1,739 to €74
mainly Net result for the year (-€2,005) and Receivables within one year (-€1,500)
- Receivables within one year +€1,500
up €1,500 (+5.1%), from €29,241 to €30,741
- Profit (loss) carried forward -€2,005
down €2,005 (-43.6%), from €4,599 to €2,594
- Gross operating margin -€6,490
down €6,490, from €6,412 to -€78
- Depreciation -€1,741
down €1,741 (-48.3%), from €3,608 to €1,867
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,670 | €120,638 | -€2,032 | -1.7% |
| Fixed assets | 21/28 | €91,690 | €89,823 | -€1,867 | -2.0% |
| Tangible fixed assets | 22/27 | €91,690 | €89,823 | -€1,867 | -2.0% |
| Land and buildings | 22 | €91,690 | €89,823 | -€1,867 | -2.0% |
| Current assets | 29/58 | €30,980 | €30,815 | -€165 | -0.5% |
| Amounts receivable within one year | 40/41 | €29,241 | €30,741 | +€1,500 | +5.1% |
| Other amounts receivable | 41 | €29,241 | €30,741 | +€1,500 | +5.1% |
| Cash at bank and in hand | 54/58 | €1,739 | €74 | -€1,665 | -95.8% |
| Total equity and liabilities | 10/49 | €122,670 | €120,638 | -€2,032 | -1.7% |
| Equity | 10/15 | €98,433 | €96,428 | -€2,005 | -2.0% |
| Contributions | 10/11 | €92,300 | €92,300 | = | 0.0% |
| Capital | 10 | €92,300 | €92,300 | = | 0.0% |
| Issued capital | 100 | €92,300 | €92,300 | = | 0.0% |
| Reserves | 13 | €1,533 | €1,533 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,533 | €1,533 | = | 0.0% |
| Legal reserve | 130 | €1,533 | €1,533 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,599 | €2,594 | -€2,005 | -43.6% |
| Amounts payable | 17/49 | €24,237 | €24,210 | -€27 | -0.1% |
| Amounts payable within one year | 42/48 | €24,237 | €24,210 | -€27 | -0.1% |
| Trade debts | 44 | €27 | - | -€27 | |
| Suppliers | 440/4 | €27 | - | -€27 | |
| Other amounts payable | 47/48 | €24,210 | €24,210 | = | 0.0% |
| Non-recurring operating income | 76A | €6,397 | - | -€6,397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,608 | €1,867 | -€1,741 | -48.3% |
| Gross operating margin | 9900 | €6,412 | -€78 | -€6,490 | |
| Operating profit (loss) | 9901 | €2,804 | -€1,945 | -€4,749 | |
| Financial charges | 65/66B | €56 | €60 | +€4 | +7.1% |
| Recurring financial charges | 65 | €56 | €60 | +€4 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €2,748 | -€2,005 | -€4,753 | |
| Profit (loss) for the period | 9904 | €2,748 | -€2,005 | -€4,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,748 | -€2,005 | -€4,753 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.