IMANIA: 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.
IMANIA
Largest movements
- Receivables within one year +€107,207
up €107,207 (+78.2%), from €137,085 to €244,292
of which Trade receivables: +€83,323
- Cash +€66,140
up €66,140 (+121.7%), from €54,360 to €120,500
mainly Debts after one year (+€150,000) and Stocks and contracts (+€65,155)
- Stocks and contracts -€65,155
down €65,155 (-10.6%), from €613,163 to €548,007
- Tangible fixed assets -€10,531
down €10,531 (-18.9%), from €55,587 to €45,056
- Deferred charges and accrued income -€10,091
down €10,091 (-81.4%), from €12,394 to €2,304
- Debts after one year +€150,000
up €150,000 (+150.0%), from €100,000 to €250,000
- Other debts -€60,461
down €60,461 (-36.2%), from €167,070 to €106,610
- Trade debts +€37,023
up €37,023 (+33.4%), from €110,802 to €147,825
- Tax, wage and social debts -€21,635
down €21,635 (-40.1%), from €53,951 to €32,316
of which Remuneration and social security: -€19,949
- Reserves -€18,141
down €18,141 (-4.2%), from €432,789 to €414,647
of which Distributable reserves: -€18,141
- Gross operating margin -€126,582
down €126,582 (-34.4%), from €368,184 to €241,602
- Staff costs -€43,814
down €43,814 (-16.9%), from €259,779 to €215,965
- Taxes -€26,601
down €26,601 (-100.0%), from €26,601 to €0
- Write-downs +€26,335
new in 2025: €26,335
- Other operating charges +€11,427
up €11,427 (+161.7%), from €7,065 to €18,492
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 | €872,588 | €960,158 | +€87,570 | +10.0% |
| Fixed assets | 21/28 | €55,587 | €45,056 | -€10,531 | -18.9% |
| Tangible fixed assets | 22/27 | €55,587 | €45,056 | -€10,531 | -18.9% |
| Land and buildings | 22 | €14,069 | €9,590 | -€4,479 | -31.8% |
| Plant, machinery and equipment | 23 | €4,275 | €1,129 | -€3,146 | -73.6% |
| Furniture and vehicles | 24 | €1,793 | €1,371 | -€422 | -23.5% |
| Other tangible fixed assets | 26 | €35,450 | €32,967 | -€2,483 | -7.0% |
| Current assets | 29/58 | €817,001 | €915,103 | +€98,101 | +12.0% |
| Stocks and contracts in progress | 3 | €613,163 | €548,007 | -€65,155 | -10.6% |
| Stocks | 30/36 | €613,163 | €548,007 | -€65,155 | -10.6% |
| Amounts receivable within one year | 40/41 | €137,085 | €244,292 | +€107,207 | +78.2% |
| Trade receivables | 40 | €122,644 | €205,967 | +€83,323 | +67.9% |
| Other amounts receivable | 41 | €14,440 | €38,325 | +€23,885 | +165.4% |
| Cash at bank and in hand | 54/58 | €54,360 | €120,500 | +€66,140 | +121.7% |
| Deferred charges and accrued income | 490/1 | €12,394 | €2,304 | -€10,091 | -81.4% |
| Total equity and liabilities | 10/49 | €872,588 | €960,158 | +€87,570 | +10.0% |
| Equity | 10/15 | €440,765 | €422,624 | -€18,141 | -4.1% |
| Contributions | 10/11 | €7,976 | €7,976 | = | 0.0% |
| Reserves | 13 | €432,789 | €414,647 | -€18,141 | -4.2% |
| Tax-exempt reserves | 132 | €17,543 | €17,543 | = | 0.0% |
| Distributable reserves | 133 | €415,246 | €397,104 | -€18,141 | -4.4% |
| Amounts payable | 17/49 | €431,823 | €537,535 | +€105,712 | +24.5% |
| Amounts payable after more than one year | 17 | €100,000 | €250,000 | +€150,000 | +150.0% |
| Financial debts | 170/4 | €100,000 | €250,000 | +€150,000 | +150.0% |
| Amounts payable within one year | 42/48 | €331,823 | €286,751 | -€45,072 | -13.6% |
| Trade debts | 44 | €110,802 | €147,825 | +€37,023 | +33.4% |
| Suppliers | 440/4 | €110,802 | €147,825 | +€37,023 | +33.4% |
| Taxes, remuneration and social security | 45 | €53,951 | €32,316 | -€21,635 | -40.1% |
| Taxes | 450/3 | €10,962 | €9,277 | -€1,685 | -15.4% |
| Remuneration and social security | 454/9 | €42,989 | €23,039 | -€19,949 | -46.4% |
| Other amounts payable | 47/48 | €167,070 | €106,610 | -€60,461 | -36.2% |
| Accrued charges and deferred income | 492/3 | €0 | €784 | +€784 | |
| Remuneration, social security and pensions | 62 | €259,779 | €215,965 | -€43,814 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,351 | €10,531 | -€4,820 | -31.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26,335 | +€26,335 | |
| Other operating charges | 640/8 | €7,065 | €18,492 | +€11,427 | +161.7% |
| Gross operating margin | 9900 | €368,184 | €241,602 | -€126,582 | -34.4% |
| Operating profit (loss) | 9901 | €85,989 | -€29,721 | -€115,710 | |
| Financial income | 75/76B | €35,951 | €26,797 | -€9,153 | -25.5% |
| Recurring financial income | 75 | €35,951 | €26,797 | -€9,153 | -25.5% |
| Financial charges | 65/66B | €18,546 | €15,217 | -€3,329 | -17.9% |
| Recurring financial charges | 65 | €18,546 | €15,217 | -€3,329 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €103,393 | -€18,141 | -€121,534 | |
| Income taxes | 67/77 | €26,601 | €0 | -€26,601 | -100.0% |
| Profit (loss) for the period | 9904 | €76,792 | -€18,141 | -€94,933 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,792 | -€18,141 | -€94,933 |
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 8 October 2026 via checked.be.