IMAP-ENGINEERING: 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.
IMAP-ENGINEERING
Largest movements
- Cash +€130,084
up €130,084 (+65.4%), from €198,997 to €329,081
mainly Net result for the year (+€94,188) and Tax, wage and social debts (+€26,861)
- Receivables within one year -€18,950
down €18,950 (-15.3%), from €124,102 to €105,152
- Reserves +€72,000
up €72,000 (+34.0%), from €211,860 to €283,860
- Tax, wage and social debts +€26,861
up €26,861 (+51.6%), from €52,030 to €78,890
of which Taxes: +€28,612
- Other debts +€18,235
up €18,235 (+210.9%), from €8,646 to €26,881
- Debts after one year -€7,520
no longer reported in 2025 (was €7,520)
- Gross operating margin -€3,080
down €3,080 (-1.1%), from €286,662 to €283,581
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 | €350,485 | €455,304 | +€104,820 | +29.9% |
| Fixed assets | 21/28 | €22,907 | €16,908 | -€6,000 | -26.2% |
| Intangible fixed assets | 21 | €15,685 | €12,411 | -€3,274 | -20.9% |
| Tangible fixed assets | 22/27 | €7,172 | €4,447 | -€2,725 | -38.0% |
| Furniture and vehicles | 24 | €5,469 | €3,139 | -€2,330 | -42.6% |
| Other tangible fixed assets | 26 | €1,703 | €1,308 | -€395 | -23.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €327,577 | €438,397 | +€110,819 | +33.8% |
| Amounts receivable within one year | 40/41 | €124,102 | €105,152 | -€18,950 | -15.3% |
| Trade receivables | 40 | €124,102 | €105,152 | -€18,950 | -15.3% |
| Cash at bank and in hand | 54/58 | €198,997 | €329,081 | +€130,084 | +65.4% |
| Deferred charges and accrued income | 490/1 | €4,478 | €4,163 | -€315 | -7.0% |
| Total equity and liabilities | 10/49 | €350,485 | €455,304 | +€104,820 | +29.9% |
| Equity | 10/15 | €236,233 | €308,421 | +€72,188 | +30.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €211,860 | €283,860 | +€72,000 | +34.0% |
| Distributable reserves | 133 | €211,860 | €283,860 | +€72,000 | +34.0% |
| Profit (loss) carried forward | 14 | €18,173 | €18,361 | +€188 | +1.0% |
| Amounts payable | 17/49 | €114,251 | €146,883 | +€32,632 | +28.6% |
| Amounts payable after more than one year | 17 | €7,520 | - | -€7,520 | |
| Financial debts | 170/4 | €7,520 | - | -€7,520 | |
| Amounts payable within one year | 42/48 | €106,731 | €146,883 | +€40,152 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €10,928 | €7,520 | -€3,408 | -31.2% |
| Trade debts | 44 | €35,127 | €33,591 | -€1,536 | -4.4% |
| Suppliers | 440/4 | €35,127 | €33,591 | -€1,536 | -4.4% |
| Taxes, remuneration and social security | 45 | €52,030 | €78,890 | +€26,861 | +51.6% |
| Taxes | 450/3 | €31,903 | €60,514 | +€28,612 | +89.7% |
| Remuneration and social security | 454/9 | €20,127 | €18,376 | -€1,751 | -8.7% |
| Other amounts payable | 47/48 | €8,646 | €26,881 | +€18,235 | +210.9% |
| Remuneration, social security and pensions | 62 | €134,102 | €133,289 | -€812 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,673 | €6,000 | +€2,326 | +63.3% |
| Gross operating margin | 9900 | €286,662 | €283,581 | -€3,080 | -1.1% |
| Operating profit (loss) | 9901 | €148,887 | €144,292 | -€4,594 | -3.1% |
| Financial income | 75/76B | - | €368 | +€368 | |
| Recurring financial income | 75 | - | €368 | +€368 | |
| Financial charges | 65/66B | €10,297 | €8,467 | -€1,831 | -17.8% |
| Recurring financial charges | 65 | €10,297 | €8,467 | -€1,831 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €138,589 | €136,193 | -€2,396 | -1.7% |
| Income taxes | 67/77 | €40,757 | €42,005 | +€1,248 | +3.1% |
| Profit (loss) for the period | 9904 | €97,832 | €94,188 | -€3,644 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,832 | €94,188 | -€3,644 | -3.7% |
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.