IMALIS: 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.
IMALIS
Largest movements
- Cash -€128,836
down €128,836 (-91.6%), from €140,619 to €11,783
mainly Accrued charges and deferred income (-€64,865) and Trade debts (-€55,817)
- Receivables within one year +€32,957
up €32,957 (+8.4%), from €391,471 to €424,427
of which Other amounts receivable: +€17,757
- Accrued charges and deferred income -€64,865
down €64,865 (-28.1%), from €230,566 to €165,701
- Trade debts -€55,817
down €55,817 (-64.8%), from €86,125 to €30,308
- Reserves +€31,072
up €31,072 (+17.5%), from €178,028 to €209,099
of which Distributable reserves: +€31,072
- Tax, wage and social debts -€10,030
down €10,030 (-44.0%), from €22,783 to €12,753
- Gross operating margin -€13,950
down €13,950 (-24.5%), from €56,909 to €42,958
- Taxes -€4,277
down €4,277 (-25.1%), from €17,030 to €12,753
- Financial income -€3,737
down €3,737 (-39.5%), from €9,468 to €5,731
- Depreciation -€1,881
down €1,881 (-33.3%), from €5,642 to €3,762
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.
Derived cash bridge
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 | €536,101 | €436,461 | -€99,640 | -18.6% |
| Fixed assets | 21/28 | €4,012 | €250 | -€3,762 | -93.8% |
| Tangible fixed assets | 22/27 | €3,762 | - | -€3,762 | |
| Furniture and vehicles | 24 | €3,762 | - | -€3,762 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €532,089 | €436,211 | -€95,879 | -18.0% |
| Amounts receivable within one year | 40/41 | €391,471 | €424,427 | +€32,957 | +8.4% |
| Trade receivables | 40 | €2,764 | €17,964 | +€15,200 | +550% |
| Other amounts receivable | 41 | €388,707 | €406,464 | +€17,757 | +4.6% |
| Cash at bank and in hand | 54/58 | €140,619 | €11,783 | -€128,836 | -91.6% |
| Total equity and liabilities | 10/49 | €536,101 | €436,461 | -€99,640 | -18.6% |
| Equity | 10/15 | €196,628 | €227,699 | +€31,072 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,028 | €209,099 | +€31,072 | +17.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €176,168 | €207,239 | +€31,072 | +17.6% |
| Amounts payable | 17/49 | €339,473 | €208,761 | -€130,712 | -38.5% |
| Amounts payable within one year | 42/48 | €108,907 | €43,061 | -€65,847 | -60.5% |
| Trade debts | 44 | €86,125 | €30,308 | -€55,817 | -64.8% |
| Suppliers | 440/4 | €86,125 | €30,308 | -€55,817 | -64.8% |
| Taxes, remuneration and social security | 45 | €22,783 | €12,753 | -€10,030 | -44.0% |
| Taxes | 450/3 | €22,783 | €12,753 | -€10,030 | -44.0% |
| Accrued charges and deferred income | 492/3 | €230,566 | €165,701 | -€64,865 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,642 | €3,762 | -€1,881 | -33.3% |
| Other operating charges | 640/8 | €741 | €1,041 | +€299 | +40.4% |
| Gross operating margin | 9900 | €56,909 | €42,958 | -€13,950 | -24.5% |
| Operating profit (loss) | 9901 | €50,525 | €38,156 | -€12,369 | -24.5% |
| Financial income | 75/76B | €9,468 | €5,731 | -€3,737 | -39.5% |
| Recurring financial income | 75 | €9,468 | €5,731 | -€3,737 | -39.5% |
| Financial charges | 65/66B | €65 | €63 | -€2 | -2.7% |
| Recurring financial charges | 65 | €65 | €63 | -€2 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €59,929 | €43,825 | -€16,104 | -26.9% |
| Income taxes | 67/77 | €17,030 | €12,753 | -€4,277 | -25.1% |
| Profit (loss) for the period | 9904 | €42,899 | €31,072 | -€11,827 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,899 | €31,072 | -€11,827 | -27.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.