IMALFin: 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.
IMALFin
Largest movements
- Tangible fixed assets -€9,590
down €9,590 (-32.5%), from €29,530 to €19,940
- Cash +€5,649
up €5,649 (+309%), from €1,830 to €7,479
mainly Tax, wage and social debts (+€19,426) and Other debts (+€12,043)
- Receivables within one year -€3,669
down €3,669 (-24.5%), from €15,000 to €11,331
of which Trade receivables: -€4,520
- Profit (loss) carried forward -€32,787
down €32,787 (-478%), from -€6,865 to -€39,652
- Tax, wage and social debts +€19,426
up €19,426 (+301%), from €6,445 to €25,871
of which Remuneration and social security: +€24,421
- Other debts +€12,043
up €12,043 (+475%), from €2,535 to €14,578
- Debts after one year -€5,692
down €5,692 (-16.7%), from €34,012 to €28,320
- Trade debts -€897
down €897 (-48.8%), from €1,838 to €941
- Gross operating margin -€23,456
down €23,456, from €3,390 to -€20,066
- Financial charges +€1,176
up €1,176 (+129%), from €909 to €2,085
- Depreciation +€804
up €804 (+9.2%), from €8,786 to €9,590
- Other operating charges +€475
up €475 (+83.0%), from €572 to €1,046
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.
Derived cash bridge
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 | €46,360 | €38,750 | -€7,610 | -16.4% |
| Fixed assets | 21/28 | €29,530 | €19,940 | -€9,590 | -32.5% |
| Tangible fixed assets | 22/27 | €29,530 | €19,940 | -€9,590 | -32.5% |
| Furniture and vehicles | 24 | €29,530 | €19,940 | -€9,590 | -32.5% |
| Current assets | 29/58 | €16,830 | €18,810 | +€1,980 | +11.8% |
| Amounts receivable within one year | 40/41 | €15,000 | €11,331 | -€3,669 | -24.5% |
| Trade receivables | 40 | €9,196 | €4,676 | -€4,520 | -49.2% |
| Other amounts receivable | 41 | €5,804 | €6,655 | +€851 | +14.7% |
| Cash at bank and in hand | 54/58 | €1,830 | €7,479 | +€5,649 | +309% |
| Total equity and liabilities | 10/49 | €46,360 | €38,750 | -€7,610 | -16.4% |
| Equity | 10/15 | -€3,865 | -€36,652 | -€32,787 | -848% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,865 | -€39,652 | -€32,787 | -478% |
| Amounts payable | 17/49 | €50,226 | €75,402 | +€25,176 | +50.1% |
| Amounts payable after more than one year | 17 | €34,012 | €28,320 | -€5,692 | -16.7% |
| Financial debts | 170/4 | €34,012 | €28,320 | -€5,692 | -16.7% |
| Amounts payable within one year | 42/48 | €16,214 | €47,082 | +€30,868 | +190% |
| Current portion of amounts payable after more than one year | 42 | €5,396 | €5,692 | +€296 | +5.5% |
| Trade debts | 44 | €1,838 | €941 | -€897 | -48.8% |
| Suppliers | 440/4 | €1,838 | €941 | -€897 | -48.8% |
| Taxes, remuneration and social security | 45 | €6,445 | €25,871 | +€19,426 | +301% |
| Taxes | 450/3 | €6,445 | €1,450 | -€4,995 | -77.5% |
| Remuneration and social security | 454/9 | - | €24,421 | +€24,421 | |
| Other amounts payable | 47/48 | €2,535 | €14,578 | +€12,043 | +475% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,786 | €9,590 | +€804 | +9.2% |
| Other operating charges | 640/8 | €572 | €1,046 | +€475 | +83.0% |
| Gross operating margin | 9900 | €3,390 | -€20,066 | -€23,456 | |
| Operating profit (loss) | 9901 | -€5,968 | -€30,702 | -€24,734 | -414% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €909 | €2,085 | +€1,176 | +129% |
| Recurring financial charges | 65 | €909 | €2,085 | +€1,176 | +129% |
| Profit (loss) for the period before taxes | 9903 | -€6,865 | -€32,787 | -€25,922 | -378% |
| Profit (loss) for the period | 9904 | -€6,865 | -€32,787 | -€25,922 | -378% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,865 | -€32,787 | -€25,922 | -378% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.