Imalex: 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.
Imalex
Largest movements
- Current investments -€22,855
down €22,855 (-18.4%), from €124,448 to €101,593
- Tangible fixed assets +€12,318
up €12,318 (+187.0%), from €6,587 to €18,905
of which Furniture and vehicles: +€11,483
- Cash +€2,613
up €2,613 (+148.1%), from €1,764 to €4,377
mainly Current investments (+€22,855) and Depreciation (+€1,469)
- Receivables within one year +€2,499
up €2,499 (+148.9%), from €1,678 to €4,177
of which Other amounts receivable: +€2,579
- Profit (loss) carried forward -€2,897
new in 2025: -€2,897
- Gross operating margin -€5,868
down €5,868, from €3,515 to -€2,354
- Taxes -€1,973
down €1,973 (-92.4%), from €2,135 to €162
- Depreciation +€1,022
up €1,022 (+228.9%), from €447 to €1,469
- Financial income -€224
down €224 (-11.9%), from €1,887 to €1,663
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 | €137,103 | €131,678 | -€5,425 | -4.0% |
| Fixed assets | 21/28 | €6,587 | €18,905 | +€12,318 | +187.0% |
| Tangible fixed assets | 22/27 | €6,587 | €18,905 | +€12,318 | +187.0% |
| Plant, machinery and equipment | 23 | €3,687 | €4,522 | +€835 | +22.6% |
| Furniture and vehicles | 24 | €2,900 | €14,383 | +€11,483 | +396.0% |
| Current assets | 29/58 | €130,516 | €112,773 | -€17,743 | -13.6% |
| Stocks and contracts in progress | 3 | €2,625 | €2,625 | = | 0.0% |
| Stocks | 30/36 | €2,625 | €2,625 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,678 | €4,177 | +€2,499 | +148.9% |
| Trade receivables | 40 | €1,678 | €1,598 | -€80 | -4.8% |
| Other amounts receivable | 41 | - | €2,579 | +€2,579 | |
| Current investments | 50/53 | €124,448 | €101,593 | -€22,855 | -18.4% |
| Cash at bank and in hand | 54/58 | €1,764 | €4,377 | +€2,613 | +148.1% |
| Total equity and liabilities | 10/49 | €137,103 | €131,678 | -€5,425 | -4.0% |
| Equity | 10/15 | €131,935 | €129,038 | -€2,897 | -2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €69,935 | €69,935 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €817 | €817 | = | 0.0% |
| Distributable reserves | 133 | €62,918 | €62,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,897 | -€2,897 | |
| Amounts payable | 17/49 | €5,168 | €2,640 | -€2,528 | -48.9% |
| Amounts payable within one year | 42/48 | €5,168 | €2,640 | -€2,528 | -48.9% |
| Trade debts | 44 | €2,368 | €1,077 | -€1,291 | -54.5% |
| Suppliers | 440/4 | €2,368 | €1,077 | -€1,291 | -54.5% |
| Taxes, remuneration and social security | 45 | €1,563 | €1,563 | = | 0.0% |
| Taxes | 450/3 | €1,563 | €1,563 | = | 0.0% |
| Other amounts payable | 47/48 | €1,236 | - | -€1,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447 | €1,469 | +€1,022 | +228.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €3,515 | -€2,354 | -€5,868 | |
| Operating profit (loss) | 9901 | €2,563 | -€4,342 | -€6,905 | |
| Financial income | 75/76B | €1,887 | €1,663 | -€224 | -11.9% |
| Recurring financial income | 75 | €1,887 | €1,663 | -€224 | -11.9% |
| Financial charges | 65/66B | €57 | €56 | -€1 | -2.6% |
| Recurring financial charges | 65 | €57 | €56 | -€1 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €4,392 | -€2,735 | -€7,128 | |
| Income taxes | 67/77 | €2,135 | €162 | -€1,973 | -92.4% |
| Profit (loss) for the period | 9904 | €2,258 | -€2,897 | -€5,155 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,258 | -€2,897 | -€5,155 |
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 11 October 2026 via checked.be.