IMANEX: 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.
IMANEX
Largest movements
- Receivables within one year -€30,574
down €30,574 (-17.1%), from €178,773 to €148,199
of which Trade receivables: -€34,751
- Cash +€17,066
up €17,066 (+230.5%), from €7,404 to €24,470
mainly Net result for the year (+€47,387) and Receivables within one year (+€30,574)
- Tangible fixed assets -€12,834
down €12,834 (-10.5%), from €122,465 to €109,630
of which Land and buildings: -€6,981
- Profit (loss) carried forward +€47,387
up €47,387 (+89.3%), from -€53,063 to -€5,676
- Current portion of long-term debt -€31,309
down €31,309 (-50.4%), from €62,118 to €30,809
- Trade debts -€28,906
down €28,906 (-54.6%), from €52,899 to €23,993
- Tax, wage and social debts -€16,998
down €16,998 (-40.8%), from €41,639 to €24,640
of which Taxes: -€15,482
- Accrued charges and deferred income +€14,426
up €14,426 (+246.6%), from €5,851 to €20,278
- Gross operating margin +€145,356
up €145,356 (+49.7%), from €292,269 to €437,625
- Staff costs +€81,037
up €81,037 (+34.2%), from €236,783 to €317,820
- Taxes +€11,951
up €11,951 (+216.1%), from €5,531 to €17,481
- Depreciation +€7,847
up €7,847 (+36.3%), from €21,596 to €29,443
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 | €310,505 | €283,456 | -€27,049 | -8.7% |
| Fixed assets | 21/28 | €123,622 | €110,787 | -€12,834 | -10.4% |
| Tangible fixed assets | 22/27 | €122,465 | €109,630 | -€12,834 | -10.5% |
| Land and buildings | 22 | €66,210 | €59,229 | -€6,981 | -10.5% |
| Plant, machinery and equipment | 23 | €13,551 | €14,639 | +€1,089 | +8.0% |
| Furniture and vehicles | 24 | €42,705 | €35,762 | -€6,942 | -16.3% |
| Financial fixed assets | 28 | €1,157 | €1,157 | = | 0.0% |
| Current assets | 29/58 | €186,884 | €172,669 | -€14,215 | -7.6% |
| Amounts receivable within one year | 40/41 | €178,773 | €148,199 | -€30,574 | -17.1% |
| Trade receivables | 40 | €43,024 | €8,273 | -€34,751 | -80.8% |
| Other amounts receivable | 41 | €135,749 | €139,925 | +€4,176 | +3.1% |
| Cash at bank and in hand | 54/58 | €7,404 | €24,470 | +€17,066 | +230.5% |
| Deferred charges and accrued income | 490/1 | €707 | €0 | -€707 | -100.0% |
| Total equity and liabilities | 10/49 | €310,505 | €283,456 | -€27,049 | -8.7% |
| Equity | 10/15 | €66,433 | €113,820 | +€47,387 | +71.3% |
| Contributions | 10/11 | €107,495 | €107,495 | = | 0.0% |
| Capital | 10 | €107,495 | €107,495 | = | 0.0% |
| Issued capital | 100 | €107,495 | €107,495 | = | 0.0% |
| Reserves | 13 | €12,001 | €12,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €255 | €255 | = | 0.0% |
| Legal reserve | 130 | €255 | €255 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,306 | €3,306 | = | 0.0% |
| Distributable reserves | 133 | €8,441 | €8,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,063 | -€5,676 | +€47,387 | +89.3% |
| Amounts payable | 17/49 | €244,072 | €169,636 | -€74,436 | -30.5% |
| Amounts payable after more than one year | 17 | €76,065 | €64,423 | -€11,643 | -15.3% |
| Financial debts | 170/4 | €76,065 | €64,423 | -€11,643 | -15.3% |
| Amounts payable within one year | 42/48 | €162,156 | €84,936 | -€77,220 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €62,118 | €30,809 | -€31,309 | -50.4% |
| Trade debts | 44 | €52,899 | €23,993 | -€28,906 | -54.6% |
| Suppliers | 440/4 | €52,899 | €23,993 | -€28,906 | -54.6% |
| Taxes, remuneration and social security | 45 | €41,639 | €24,640 | -€16,998 | -40.8% |
| Taxes | 450/3 | €15,482 | €0 | -€15,482 | -100.0% |
| Remuneration and social security | 454/9 | €26,157 | €24,640 | -€1,517 | -5.8% |
| Other amounts payable | 47/48 | €5,500 | €5,493 | -€7 | -0.1% |
| Accrued charges and deferred income | 492/3 | €5,851 | €20,278 | +€14,426 | +246.6% |
| Remuneration, social security and pensions | 62 | €236,783 | €317,820 | +€81,037 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,596 | €29,443 | +€7,847 | +36.3% |
| Other operating charges | 640/8 | €17,862 | €15,862 | -€2,000 | -11.2% |
| Gross operating margin | 9900 | €292,269 | €437,625 | +€145,356 | +49.7% |
| Operating profit (loss) | 9901 | €16,028 | €74,500 | +€58,472 | +364.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -25.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -25.0% |
| Financial charges | 65/66B | €11,872 | €9,632 | -€2,240 | -18.9% |
| Recurring financial charges | 65 | €11,872 | €9,632 | -€2,240 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €4,156 | €64,868 | +€60,712 | +1460.7% |
| Income taxes | 67/77 | €5,531 | €17,481 | +€11,951 | +216.1% |
| Profit (loss) for the period | 9904 | -€1,374 | €47,387 | +€48,761 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,374 | €47,387 | +€48,761 |
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 3 October 2026 via checked.be.