Imadu: what changed
Two financial 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.
Imadu
Largest movements
- Cash +€77,598
up €77,598 (+41.2%), from €188,295 to €265,893
mainly Other debts (+€166,400) and Net result for the year (+€161,016)
- Receivables within one year +€76,117
up €76,117 (+122%), from €62,616 to €138,733
of which Trade receivables: +€40,245
- Tangible fixed assets +€34,809
up €34,809 (+245%), from €14,217 to €49,025
of which Leasing and similar rights: +€19,038
- Stocks and contracts +€10,029
up €10,029 (+84.1%), from €11,930 to €21,959
of which Contracts in progress: +€10,000
- Other debts +€166,400
up €166,400 (+8,551%), from €1,946 to €168,346
- Trade debts +€55,704
up €55,704 (+363%), from €15,364 to €71,068
- Tax, wage and social debts -€46,544
down €46,544 (-85.2%), from €54,648 to €8,104
of which Taxes: -€46,619
- Debts after one year +€11,234
up €11,234 (+473%), from €2,373 to €13,606
- Short-term financial debts +€10,323
up €10,323 (+17,206%), from €60 to €10,383
- Gross operating margin +€66,117
up €66,117 (+39.5%), from €167,355 to €233,472
- Depreciation +€13,730
up €13,730 (+577%), from €2,380 to €16,110
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.
Derived cash bridge
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 | €281,213 | €482,332 | +€201,118 | +71.5% |
| Fixed assets | 21/28 | €14,217 | €49,025 | +€34,809 | +245% |
| Tangible fixed assets | 22/27 | €14,217 | €49,025 | +€34,809 | +245% |
| Plant, machinery and equipment | 23 | €13,697 | €22,590 | +€8,893 | +64.9% |
| Furniture and vehicles | 24 | €520 | €7,397 | +€6,878 | +1,323% |
| Leasing and similar rights | 25 | - | €19,038 | +€19,038 | |
| Current assets | 29/58 | €266,997 | €433,306 | +€166,309 | +62.3% |
| Stocks and contracts in progress | 3 | €11,930 | €21,959 | +€10,029 | +84.1% |
| Stocks | 30/36 | €11,930 | €11,959 | +€29 | +0.2% |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €62,616 | €138,733 | +€76,117 | +122% |
| Trade receivables | 40 | €32,797 | €73,041 | +€40,245 | +123% |
| Other amounts receivable | 41 | €29,819 | €65,691 | +€35,872 | +120% |
| Cash at bank and in hand | 54/58 | €188,295 | €265,893 | +€77,598 | +41.2% |
| Deferred charges and accrued income | 490/1 | €4,156 | €6,722 | +€2,566 | +61.7% |
| Total equity and liabilities | 10/49 | €281,213 | €482,332 | +€201,118 | +71.5% |
| Equity | 10/15 | €203,120 | €203,120 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €203,020 | €203,020 | = | 0.0% |
| Distributable reserves | 133 | €203,020 | €203,020 | = | 0.0% |
| Amounts payable | 17/49 | €78,093 | €279,212 | +€201,118 | +258% |
| Amounts payable after more than one year | 17 | €2,373 | €13,606 | +€11,234 | +473% |
| Financial debts | 170/4 | €2,373 | €13,606 | +€11,234 | +473% |
| Amounts payable within one year | 42/48 | €75,721 | €265,277 | +€189,556 | +250% |
| Current portion of amounts payable after more than one year | 42 | €3,702 | €7,375 | +€3,673 | +99.2% |
| Financial debts | 43 | €60 | €10,383 | +€10,323 | +17,206% |
| Credit institutions | 430/8 | €60 | €10,383 | +€10,323 | +17,206% |
| Trade debts | 44 | €15,364 | €71,068 | +€55,704 | +363% |
| Suppliers | 440/4 | €15,364 | €71,068 | +€55,704 | +363% |
| Taxes, remuneration and social security | 45 | €54,648 | €8,104 | -€46,544 | -85.2% |
| Taxes | 450/3 | €52,148 | €5,529 | -€46,619 | -89.4% |
| Remuneration and social security | 454/9 | €2,500 | €2,575 | +€75 | +3.0% |
| Other amounts payable | 47/48 | €1,946 | €168,346 | +€166,400 | +8,551% |
| Accrued charges and deferred income | 492/3 | - | €328 | +€328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,380 | €16,110 | +€13,730 | +577% |
| Other operating charges | 640/8 | €908 | €1,200 | +€292 | +32.2% |
| Gross operating margin | 9900 | €167,355 | €233,472 | +€66,117 | +39.5% |
| Operating profit (loss) | 9901 | €164,067 | €216,162 | +€52,095 | +31.8% |
| Financial income | 75/76B | €3,512 | €2,490 | -€1,022 | -29.1% |
| Recurring financial income | 75 | €3,512 | €2,490 | -€1,022 | -29.1% |
| Financial charges | 65/66B | €12,413 | €10,737 | -€1,677 | -13.5% |
| Recurring financial charges | 65 | €12,413 | €10,737 | -€1,677 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €155,166 | €207,916 | +€52,750 | +34.0% |
| Income taxes | 67/77 | €45,331 | €46,900 | +€1,570 | +3.5% |
| Profit (loss) for the period | 9904 | €109,835 | €161,016 | +€51,181 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €109,835 | €161,016 | +€51,181 | +46.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.