IMAF: 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.
IMAF
Largest movements
- Cash +€7,089
up €7,089 (+13.5%), from €52,506 to €59,595
mainly Net result for the year (+€7,436) and Depreciation (+€5,785)
- Tangible fixed assets +€1,373
up €1,373 (+3.8%), from €36,620 to €37,994
of which Land and buildings: +€791
- Debts after one year -€8,203
down €8,203 (-23.8%), from €34,489 to €26,286
- Profit (loss) carried forward +€7,436
up €7,436 (+46.7%), from -€15,914 to -€8,478
- Tax, wage and social debts +€4,366
new in 2024: €4,366
- Trade debts +€4,264
up €4,264 (+65.2%), from €6,544 to €10,807
- Gross operating margin +€7,021
up €7,021 (+39.7%), from €17,666 to €24,687
- Taxes +€6,693
up €6,693 (+9944.5%), from €67 to €6,760
- Depreciation +€1,386
up €1,386 (+31.5%), from €4,398 to €5,785
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,277 | €97,739 | +€8,462 | +9.5% |
| Fixed assets | 21/28 | €36,620 | €37,994 | +€1,373 | +3.8% |
| Tangible fixed assets | 22/27 | €36,620 | €37,994 | +€1,373 | +3.8% |
| Land and buildings | 22 | €35,635 | €36,426 | +€791 | +2.2% |
| Plant, machinery and equipment | 23 | €28 | - | -€28 | |
| Furniture and vehicles | 24 | €957 | €1,568 | +€611 | +63.9% |
| Current assets | 29/58 | €52,657 | €59,746 | +€7,089 | +13.5% |
| Cash at bank and in hand | 54/58 | €52,506 | €59,595 | +€7,089 | +13.5% |
| Deferred charges and accrued income | 490/1 | €151 | €151 | = | 0.0% |
| Total equity and liabilities | 10/49 | €89,277 | €97,739 | +€8,462 | +9.5% |
| Equity | 10/15 | €46,944 | €54,380 | +€7,436 | +15.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €859 | €859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68 | - | -€68 | |
| Reserves not available under the articles | 1311 | €68 | - | -€68 | |
| Distributable reserves | 133 | €791 | €859 | +€68 | +8.6% |
| Profit (loss) carried forward | 14 | -€15,914 | -€8,478 | +€7,436 | +46.7% |
| Amounts payable | 17/49 | €42,333 | €43,359 | +€1,027 | +2.4% |
| Amounts payable after more than one year | 17 | €34,489 | €26,286 | -€8,203 | -23.8% |
| Other amounts payable | 178/9 | €34,489 | €26,286 | -€8,203 | -23.8% |
| Amounts payable within one year | 42/48 | €7,844 | €16,473 | +€8,630 | +110.0% |
| Trade debts | 44 | €6,544 | €10,807 | +€4,264 | +65.2% |
| Suppliers | 440/4 | €6,544 | €10,807 | +€4,264 | +65.2% |
| Taxes, remuneration and social security | 45 | - | €4,366 | +€4,366 | |
| Taxes | 450/3 | - | €4,366 | +€4,366 | |
| Other amounts payable | 47/48 | €1,300 | €1,300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,398 | €5,785 | +€1,386 | +31.5% |
| Other operating charges | 640/8 | €4,334 | €4,503 | +€170 | +3.9% |
| Gross operating margin | 9900 | €17,666 | €24,687 | +€7,021 | +39.7% |
| Operating profit (loss) | 9901 | €8,934 | €14,400 | +€5,465 | +61.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €45 | €204 | +€159 | +353.0% |
| Recurring financial charges | 65 | €45 | €204 | +€159 | +353.0% |
| Profit (loss) for the period before taxes | 9903 | €8,889 | €14,196 | +€5,307 | +59.7% |
| Income taxes | 67/77 | €67 | €6,760 | +€6,693 | +9944.5% |
| Profit (loss) for the period | 9904 | €8,822 | €7,436 | -€1,386 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,822 | €7,436 | -€1,386 | -15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.