IMAGOLD: 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.
IMAGOLD
Largest movements
- Cash -€11,537
down €11,537 (-54.7%), from €21,093 to €9,556
mainly Net result for the year (-€18,462) and Stocks and contracts (-€2,000)
- Tangible fixed assets -€4,493
down €4,493 (-13.3%), from €33,670 to €29,177
of which Other tangible fixed assets: -€4,290
- Stocks and contracts +€2,000
new in 2026: €2,000
- Profit (loss) carried forward -€18,462
down €18,462 (-4.2%), from -€442,315 to -€460,777
- Tax, wage and social debts +€3,152
up €3,152 (+219.8%), from €1,434 to €4,587
of which Taxes: +€2,041
- Debts after one year +€2,558
up €2,558 (+0.5%), from €468,878 to €471,436
- Trade debts -€1,278
down €1,278 (-11.9%), from €10,777 to €9,498
- Gross operating margin -€24,910
down €24,910 (-65.3%), from €38,120 to €13,210
- Staff costs +€15,522
up €15,522 (+303.2%), from €5,120 to €20,642
- Depreciation -€8,531
down €8,531 (-57.2%), from €14,907 to €6,377
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 | €57,374 | €43,344 | -€14,030 | -24.5% |
| Fixed assets | 21/28 | €36,280 | €31,787 | -€4,493 | -12.4% |
| Tangible fixed assets | 22/27 | €33,670 | €29,177 | -€4,493 | -13.3% |
| Furniture and vehicles | 24 | €776 | €574 | -€203 | -26.1% |
| Other tangible fixed assets | 26 | €32,894 | €28,603 | -€4,290 | -13.0% |
| Financial fixed assets | 28 | €2,610 | €2,610 | = | 0.0% |
| Current assets | 29/58 | €21,093 | €11,556 | -€9,537 | -45.2% |
| Stocks and contracts in progress | 3 | - | €2,000 | +€2,000 | |
| Stocks | 30/36 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €21,093 | €9,556 | -€11,537 | -54.7% |
| Total equity and liabilities | 10/49 | €57,374 | €43,344 | -€14,030 | -24.5% |
| Equity | 10/15 | -€423,715 | -€442,177 | -€18,462 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€442,315 | -€460,777 | -€18,462 | -4.2% |
| Amounts payable | 17/49 | €481,089 | €485,521 | +€4,432 | +0.9% |
| Amounts payable after more than one year | 17 | €468,878 | €471,436 | +€2,558 | +0.5% |
| Financial debts | 170/4 | €468,878 | €471,436 | +€2,558 | +0.5% |
| Amounts payable within one year | 42/48 | €12,211 | €14,085 | +€1,874 | +15.3% |
| Trade debts | 44 | €10,777 | €9,498 | -€1,278 | -11.9% |
| Suppliers | 440/4 | €10,777 | €9,498 | -€1,278 | -11.9% |
| Taxes, remuneration and social security | 45 | €1,434 | €4,587 | +€3,152 | +219.8% |
| Taxes | 450/3 | €1,434 | €3,475 | +€2,041 | +142.3% |
| Remuneration and social security | 454/9 | - | €1,112 | +€1,112 | |
| Remuneration, social security and pensions | 62 | €5,120 | €20,642 | +€15,522 | +303.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,907 | €6,377 | -€8,531 | -57.2% |
| Other operating charges | 640/8 | €265 | €222 | -€43 | -16.1% |
| Gross operating margin | 9900 | €38,120 | €13,210 | -€24,910 | -65.3% |
| Operating profit (loss) | 9901 | €17,828 | -€14,031 | -€31,859 | |
| Financial charges | 65/66B | €4,787 | €4,434 | -€353 | -7.4% |
| Recurring financial charges | 65 | €4,787 | €4,434 | -€353 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €13,041 | -€18,465 | -€31,506 | |
| Income taxes | 67/77 | €46 | -€2 | -€48 | |
| Profit (loss) for the period | 9904 | €12,995 | -€18,462 | -€31,458 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,995 | -€18,462 | -€31,458 |
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 30 September 2026 via checked.be.