IMAJ: 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.
IMAJ
Largest movements
- Cash +€1,377
up €1,377 (+39.8%), from €3,460 to €4,837
mainly Tax, wage and social debts (+€1,785) and Trade debts (+€907)
- Tax, wage and social debts +€1,785
up €1,785 (+83.3%), from €2,143 to €3,928
- Profit (loss) carried forward -€1,174
down €1,174 (-5.8%), from -€20,325 to -€21,499
- Trade debts +€907
up €907 (+69.6%), from €1,302 to €2,209
- Other debts -€124
down €124 (-0.8%), from €15,349 to €15,225
- Gross operating margin +€2,599
up €2,599 (+100.4%), from €2,590 to €5,189
- Staff costs -€1,571
down €1,571, from €1,330 to -€241
- Taxes +€691
up €691 (+232.6%), from €297 to €988
- Other operating charges -€76
down €76 (-10.5%), from €726 to €650
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 | €4,669 | €6,063 | +€1,394 | +29.9% |
| Fixed assets | 21/28 | €1,200 | €1,200 | = | 0.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €3,469 | €4,863 | +€1,394 | +40.2% |
| Amounts receivable within one year | 40/41 | €9 | €26 | +€17 | +194.2% |
| Other amounts receivable | 41 | €9 | €26 | +€17 | +194.2% |
| Cash at bank and in hand | 54/58 | €3,460 | €4,837 | +€1,377 | +39.8% |
| Total equity and liabilities | 10/49 | €4,669 | €6,063 | +€1,394 | +29.9% |
| Equity | 10/15 | -€14,125 | -€15,299 | -€1,174 | -8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,325 | -€21,499 | -€1,174 | -5.8% |
| Amounts payable | 17/49 | €18,794 | €21,362 | +€2,568 | +13.7% |
| Amounts payable within one year | 42/48 | €18,794 | €21,362 | +€2,568 | +13.7% |
| Trade debts | 44 | €1,302 | €2,209 | +€907 | +69.6% |
| Suppliers | 440/4 | €1,302 | €2,209 | +€907 | +69.6% |
| Taxes, remuneration and social security | 45 | €2,143 | €3,928 | +€1,785 | +83.3% |
| Taxes | 450/3 | €2,143 | €3,928 | +€1,785 | +83.3% |
| Other amounts payable | 47/48 | €15,349 | €15,225 | -€124 | -0.8% |
| Remuneration, social security and pensions | 62 | €1,330 | -€241 | -€1,571 | |
| Other operating charges | 640/8 | €726 | €650 | -€76 | -10.5% |
| Non-recurring operating charges | 66A | - | €4,775 | +€4,775 | |
| Gross operating margin | 9900 | €2,590 | €5,189 | +€2,599 | +100.4% |
| Operating profit (loss) | 9901 | €534 | €6 | -€528 | -98.9% |
| Financial charges | 65/66B | €184 | €191 | +€7 | +3.9% |
| Recurring financial charges | 65 | €184 | €191 | +€7 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €350 | -€186 | -€536 | |
| Income taxes | 67/77 | €297 | €988 | +€691 | +232.6% |
| Profit (loss) for the period | 9904 | €53 | -€1,173 | -€1,226 | |
| Profit (loss) for the period to be appropriated | 9905 | €53 | -€1,173 | -€1,226 |
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 28 September 2026 via checked.be.