IMALAYA: what changed
IMALAYA
Largest movements
- Cash +€16,951
up €16,951 (+20.5%), from €82,784 to €99,735
mainly Net result for the year (+€36,037) and Current portion of long-term debt (+€3,382)
- Tangible fixed assets +€4,413
up €4,413 (+94.1%), from €4,690 to €9,102
of which Furniture and vehicles: +€5,111
- Receivables within one year +€3,701
up €3,701 (+26.3%), from €14,060 to €17,761
of which Trade receivables: +€4,854
- Reserves +€36,037
up €36,037, from €0 to €36,037
of which Distributable reserves: +€36,037
- Other debts -€8,620
down €8,620 (-11.8%), from €72,939 to €64,319
- Current portion of long-term debt +€3,382
new in 2025: €3,382
- Tax, wage and social debts -€3,222
down €3,222 (-45.2%), from €7,128 to €3,906
of which Remuneration and social security: -€3,000
- Short-term financial debts -€2,701
down €2,701 (-99.6%), from €2,712 to €11
of which Credit institutions: -€2,701
- Gross operating margin +€8,222
up €8,222 (+16.3%), from €50,377 to €58,598
- Staff costs +€1,920
new in 2025: €1,920
- Financial charges +€1,698
up €1,698 (+51.1%), from €3,320 to €5,017
- Depreciation +€1,492
up €1,492 (+100%), from €1,489 to €2,981
- Taxes +€1,161
up €1,161 (+12.3%), from €9,410 to €10,571
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,719 | €126,965 | +€25,246 | +24.8% |
| Fixed assets | 21/28 | €4,875 | €9,287 | +€4,413 | +90.5% |
| Tangible fixed assets | 22/27 | €4,690 | €9,102 | +€4,413 | +94.1% |
| Plant, machinery and equipment | 23 | €378 | €0 | -€378 | -100% |
| Furniture and vehicles | 24 | €2,830 | €7,942 | +€5,111 | +181% |
| Other tangible fixed assets | 26 | €1,482 | €1,161 | -€321 | -21.7% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €96,844 | €117,678 | +€20,833 | +21.5% |
| Amounts receivable within one year | 40/41 | €14,060 | €17,761 | +€3,701 | +26.3% |
| Trade receivables | 40 | €12,778 | €17,631 | +€4,854 | +38.0% |
| Other amounts receivable | 41 | €1,282 | €130 | -€1,153 | -89.9% |
| Cash at bank and in hand | 54/58 | €82,784 | €99,735 | +€16,951 | +20.5% |
| Deferred charges and accrued income | 490/1 | - | €181 | +€181 | |
| Total equity and liabilities | 10/49 | €101,719 | €126,965 | +€25,246 | +24.8% |
| Equity | 10/15 | €18,600 | €54,637 | +€36,037 | +194% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €36,037 | +€36,037 | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | €36,037 | +€36,037 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,119 | €72,328 | -€10,791 | -13.0% |
| Amounts payable within one year | 42/48 | €83,119 | €72,328 | -€10,791 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,382 | +€3,382 | |
| Financial debts | 43 | €2,712 | €11 | -€2,701 | -99.6% |
| Credit institutions | 430/8 | €2,712 | €11 | -€2,701 | -99.6% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €339 | €711 | +€371 | +109% |
| Suppliers | 440/4 | €339 | €711 | +€371 | +109% |
| Taxes, remuneration and social security | 45 | €7,128 | €3,906 | -€3,222 | -45.2% |
| Taxes | 450/3 | €2,527 | €2,305 | -€222 | -8.8% |
| Remuneration and social security | 454/9 | €4,601 | €1,601 | -€3,000 | -65.2% |
| Other amounts payable | 47/48 | €72,939 | €64,319 | -€8,620 | -11.8% |
| Remuneration, social security and pensions | 62 | - | €1,920 | +€1,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,489 | €2,981 | +€1,492 | +100% |
| Other operating charges | 640/8 | €1,805 | €1,709 | -€96 | -5.3% |
| Non-recurring operating charges | 66A | - | €574 | +€574 | |
| Gross operating margin | 9900 | €50,377 | €58,598 | +€8,222 | +16.3% |
| Operating profit (loss) | 9901 | €47,083 | €51,415 | +€4,331 | +9.2% |
| Financial income | 75/76B | €101 | €210 | +€109 | +108% |
| Recurring financial income | 75 | €101 | €210 | +€109 | +108% |
| Financial charges | 65/66B | €3,320 | €5,017 | +€1,698 | +51.1% |
| Recurring financial charges | 65 | €3,320 | €5,017 | +€1,698 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €43,864 | €46,607 | +€2,743 | +6.3% |
| Income taxes | 67/77 | €9,410 | €10,571 | +€1,161 | +12.3% |
| Profit (loss) for the period | 9904 | €34,454 | €36,037 | +€1,582 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,454 | €36,037 | +€1,582 | +4.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.