IMANAGIS: what changed
Two fiscal 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.
IMANAGIS
Largest movements
- Tangible fixed assets -€21,032
down €21,032 (-8.7%), from €242,268 to €221,237
of which Land and buildings: -€13,008
- Cash -€18,900
down €18,900 (-74.3%), from €25,426 to €6,526
mainly Debts after one year (-€44,939) and Investment in fixed assets (net) (-€37,519)
- Receivables within one year -€10,816
down €10,816 (-32.6%), from €33,181 to €22,364
of which Other amounts receivable: -€10,816
- Debts after one year -€44,939
down €44,939 (-14.4%), from €312,833 to €267,893
- Trade debts -€17,329
down €17,329 (-70.2%), from €24,684 to €7,354
- Profit (loss) carried forward +€14,456
up €14,456 (+16.2%), from -€89,348 to -€74,893
- Tax, wage and social debts -€3,417
down €3,417 (-26.9%), from €12,715 to €9,298
- Write-downs +€9,585
new in 2025: €9,585
- Depreciation +€6,631
up €6,631 (+12.8%), from €51,919 to €58,550
- Gross operating margin +€6,402
up €6,402 (+7.6%), from €84,129 to €90,531
- Other operating charges +€1,047
up €1,047 (+36.4%), from €2,880 to €3,927
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 | €303,120 | €252,622 | -€50,498 | -16.7% |
| Fixed assets | 21/28 | €242,268 | €221,237 | -€21,032 | -8.7% |
| Tangible fixed assets | 22/27 | €242,268 | €221,237 | -€21,032 | -8.7% |
| Land and buildings | 22 | €191,574 | €178,566 | -€13,008 | -6.8% |
| Plant, machinery and equipment | 23 | €14,561 | €11,576 | -€2,985 | -20.5% |
| Furniture and vehicles | 24 | €36,133 | €31,094 | -€5,039 | -13.9% |
| Current assets | 29/58 | €60,852 | €31,386 | -€29,466 | -48.4% |
| Amounts receivable within one year | 40/41 | €33,181 | €22,364 | -€10,816 | -32.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €33,181 | €22,364 | -€10,816 | -32.6% |
| Cash at bank and in hand | 54/58 | €25,426 | €6,526 | -€18,900 | -74.3% |
| Deferred charges and accrued income | 490/1 | €2,245 | €2,496 | +€250 | +11.2% |
| Total equity and liabilities | 10/49 | €303,120 | €252,622 | -€50,498 | -16.7% |
| Equity | 10/15 | -€68,888 | -€54,433 | +€14,456 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,348 | -€74,893 | +€14,456 | +16.2% |
| Amounts payable | 17/49 | €372,008 | €307,055 | -€64,953 | -17.5% |
| Amounts payable after more than one year | 17 | €312,833 | €267,893 | -€44,939 | -14.4% |
| Financial debts | 170/4 | €312,833 | €267,893 | -€44,939 | -14.4% |
| Amounts payable within one year | 42/48 | €59,176 | €39,162 | -€20,014 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €21,777 | €22,509 | +€732 | +3.4% |
| Trade debts | 44 | €24,684 | €7,354 | -€17,329 | -70.2% |
| Suppliers | 440/4 | €24,684 | €7,354 | -€17,329 | -70.2% |
| Taxes, remuneration and social security | 45 | €12,715 | €9,298 | -€3,417 | -26.9% |
| Taxes | 450/3 | €12,715 | €9,298 | -€3,417 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,919 | €58,550 | +€6,631 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,585 | +€9,585 | |
| Other operating charges | 640/8 | €2,880 | €3,927 | +€1,047 | +36.4% |
| Gross operating margin | 9900 | €84,129 | €90,531 | +€6,402 | +7.6% |
| Operating profit (loss) | 9901 | €29,330 | €18,470 | -€10,861 | -37.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,908 | €3,312 | -€596 | -15.2% |
| Recurring financial charges | 65 | €3,908 | €3,312 | -€596 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €25,422 | €15,157 | -€10,265 | -40.4% |
| Income taxes | 67/77 | €776 | €702 | -€75 | -9.6% |
| Profit (loss) for the period | 9904 | €24,646 | €14,456 | -€10,190 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,646 | €14,456 | -€10,190 | -41.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.