IMALINK: 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.
IMALINK
Largest movements
- Cash -€162,120
down €162,120 (-34.8%), from €465,426 to €303,306
mainly Contributions, distributions and other (-€117,202) and Trade debts (-€74,382)
- Receivables after one year -€42,188
down €42,188 (-23.6%), from €178,719 to €136,531
- Receivables within one year -€30,872
down €30,872 (-4.3%), from €711,822 to €680,950
of which Trade receivables: -€30,872
- Reserves -€110,625
down €110,625 (-71.0%), from €155,891 to €45,266
of which Distributable reserves: -€110,625
- Trade debts -€74,382
down €74,382 (-8.3%), from €895,950 to €821,568
- Tax, wage and social debts -€51,428
down €51,428 (-35.2%), from €146,201 to €94,774
of which Taxes: -€37,496
- Other debts +€47,202
up €47,202 (+67.4%), from €70,000 to €117,202
- Short-term financial debts -€36,093
down €36,093 (-48.9%), from €73,828 to €37,735
- Gross operating margin -€370,107
down €370,107 (-47.3%), from €781,741 to €411,634
- Staff costs -€296,378
down €296,378 (-47.6%), from €622,213 to €325,834
- Taxes -€18,593
down €18,593 (-35.7%), from €52,037 to €33,444
- Other operating charges -€9,008
down €9,008 (-42.4%), from €21,232 to €12,224
- Financial charges -€7,984
down €7,984 (-33.8%), from €23,656 to €15,672
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 | €1,480,093 | €1,242,299 | -€237,795 | -16.1% |
| Fixed assets | 21/28 | €94,380 | €91,633 | -€2,746 | -2.9% |
| Tangible fixed assets | 22/27 | €93,434 | €90,688 | -€2,746 | -2.9% |
| Land and buildings | 22 | €10,777 | €9,272 | -€1,505 | -14.0% |
| Plant, machinery and equipment | 23 | €1,687 | €1,216 | -€471 | -27.9% |
| Furniture and vehicles | 24 | €61,677 | €65,129 | +€3,452 | +5.6% |
| Other tangible fixed assets | 26 | €19,294 | €15,071 | -€4,223 | -21.9% |
| Financial fixed assets | 28 | €945 | €945 | = | 0.0% |
| Current assets | 29/58 | €1,385,713 | €1,150,665 | -€235,048 | -17.0% |
| Amounts receivable after more than one year | 29 | €178,719 | €136,531 | -€42,188 | -23.6% |
| Other amounts receivable | 291 | €178,719 | €136,531 | -€42,188 | -23.6% |
| Amounts receivable within one year | 40/41 | €711,822 | €680,950 | -€30,872 | -4.3% |
| Trade receivables | 40 | €711,822 | €680,950 | -€30,872 | -4.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €465,426 | €303,306 | -€162,120 | -34.8% |
| Deferred charges and accrued income | 490/1 | €29,747 | €29,878 | +€131 | +0.4% |
| Total equity and liabilities | 10/49 | €1,480,093 | €1,242,299 | -€237,795 | -16.1% |
| Equity | 10/15 | €220,891 | €110,266 | -€110,625 | -50.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €155,891 | €45,266 | -€110,625 | -71.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,766 | €38,766 | = | 0.0% |
| Distributable reserves | 133 | €110,625 | €0 | -€110,625 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,259,202 | €1,132,033 | -€127,170 | -10.1% |
| Amounts payable after more than one year | 17 | €60,755 | €48,176 | -€12,579 | -20.7% |
| Financial debts | 170/4 | €60,755 | €48,176 | -€12,579 | -20.7% |
| Amounts payable within one year | 42/48 | €1,198,447 | €1,083,857 | -€114,591 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €12,468 | €12,579 | +€111 | +0.9% |
| Financial debts | 43 | €73,828 | €37,735 | -€36,093 | -48.9% |
| Credit institutions | 430/8 | €73,828 | €37,735 | -€36,093 | -48.9% |
| Trade debts | 44 | €895,950 | €821,568 | -€74,382 | -8.3% |
| Suppliers | 440/4 | €895,950 | €821,568 | -€74,382 | -8.3% |
| Taxes, remuneration and social security | 45 | €146,201 | €94,774 | -€51,428 | -35.2% |
| Taxes | 450/3 | €90,824 | €53,328 | -€37,496 | -41.3% |
| Remuneration and social security | 454/9 | €55,377 | €41,446 | -€13,931 | -25.2% |
| Other amounts payable | 47/48 | €70,000 | €117,202 | +€47,202 | +67.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,570 | €7,480 | +€5,910 | +376.4% |
| Remuneration, social security and pensions | 62 | €622,213 | €325,834 | -€296,378 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,234 | €22,061 | -€173 | -0.8% |
| Other operating charges | 640/8 | €21,232 | €12,224 | -€9,008 | -42.4% |
| Non-recurring operating charges | 66A | €5,617 | €0 | -€5,617 | -100.0% |
| Gross operating margin | 9900 | €781,741 | €411,634 | -€370,107 | -47.3% |
| Operating profit (loss) | 9901 | €110,445 | €51,514 | -€58,931 | -53.4% |
| Financial income | 75/76B | €7,333 | €4,179 | -€3,154 | -43.0% |
| Recurring financial income | 75 | €7,333 | €4,179 | -€3,154 | -43.0% |
| Financial charges | 65/66B | €23,656 | €15,672 | -€7,984 | -33.8% |
| Recurring financial charges | 65 | €23,656 | €15,672 | -€7,984 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €94,122 | €40,021 | -€54,101 | -57.5% |
| Income taxes | 67/77 | €52,037 | €33,444 | -€18,593 | -35.7% |
| Profit (loss) for the period | 9904 | €42,084 | €6,577 | -€35,508 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,084 | €6,577 | -€35,508 | -84.4% |
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 9 October 2026 via checked.be.