Imapres: 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.
Imapres
Largest movements
- Receivables within one year +€21,533
up €21,533 (+60.8%), from €35,405 to €56,938
of which Trade receivables: +€16,707
- Tangible fixed assets +€18,792
up €18,792 (+3.0%), from €630,149 to €648,941
of which Leasing and similar rights: +€25,573
- Cash -€13,557
down €13,557 (-27.9%), from €48,640 to €35,083
mainly Investment in fixed assets (net) (-€90,963) and Accrued charges and deferred income (-€35,844)
- Stocks and contracts +€9,558
up €9,558 (+13.9%), from €68,678 to €78,236
of which Contracts in progress: +€14,658
- Accrued charges and deferred income -€35,844
down €35,844 (-100.0%), from €35,844 to €0
- Trade debts +€31,786
up €31,786 (+92.8%), from €34,243 to €66,029
- Reserves +€26,330
up €26,330 (+86.4%), from €30,489 to €56,819
- Current portion of long-term debt +€17,990
up €17,990 (+24.0%), from €74,992 to €92,982
- Debts after one year -€11,700
down €11,700 (-3.8%), from €307,993 to €296,293
- Gross operating margin +€68,049
up €68,049 (+53.9%), from €126,227 to €194,277
- Staff costs +€30,533
up €30,533 (+91.5%), from €33,373 to €63,906
- Depreciation +€15,538
up €15,538 (+27.4%), from €56,633 to €72,171
- Financial charges -€13,407
down €13,407 (-39.6%), from €33,884 to €20,477
- Taxes +€7,792
up €7,792 (+14394.8%), from €54 to €7,846
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 | €782,898 | €820,336 | +€37,438 | +4.8% |
| Fixed assets | 21/28 | €630,149 | €648,941 | +€18,792 | +3.0% |
| Tangible fixed assets | 22/27 | €630,149 | €648,941 | +€18,792 | +3.0% |
| Plant, machinery and equipment | 23 | €502,560 | €498,345 | -€4,215 | -0.8% |
| Furniture and vehicles | 24 | €6,563 | €3,997 | -€2,566 | -39.1% |
| Leasing and similar rights | 25 | €121,025 | €146,599 | +€25,573 | +21.1% |
| Current assets | 29/58 | €152,750 | €171,396 | +€18,646 | +12.2% |
| Stocks and contracts in progress | 3 | €68,678 | €78,236 | +€9,558 | +13.9% |
| Stocks | 30/36 | €45,770 | €40,670 | -€5,100 | -11.1% |
| Contracts in progress | 37 | €22,908 | €37,566 | +€14,658 | +64.0% |
| Amounts receivable within one year | 40/41 | €35,405 | €56,938 | +€21,533 | +60.8% |
| Trade receivables | 40 | €27,549 | €44,256 | +€16,707 | +60.6% |
| Other amounts receivable | 41 | €7,856 | €12,682 | +€4,826 | +61.4% |
| Cash at bank and in hand | 54/58 | €48,640 | €35,083 | -€13,557 | -27.9% |
| Deferred charges and accrued income | 490/1 | €26 | €1,139 | +€1,113 | +4218.8% |
| Total equity and liabilities | 10/49 | €782,898 | €820,336 | +€37,438 | +4.8% |
| Equity | 10/15 | €31,741 | €58,819 | +€27,078 | +85.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €30,489 | €56,819 | +€26,330 | +86.4% |
| Distributable reserves | 133 | €30,489 | €56,819 | +€26,330 | +86.4% |
| Profit (loss) carried forward | 14 | -€748 | €0 | +€748 | |
| Amounts payable | 17/49 | €751,157 | €761,518 | +€10,360 | +1.4% |
| Amounts payable after more than one year | 17 | €307,993 | €296,293 | -€11,700 | -3.8% |
| Financial debts | 170/4 | €307,993 | €296,293 | -€11,700 | -3.8% |
| Amounts payable within one year | 42/48 | €407,320 | €465,224 | +€57,904 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €74,992 | €92,982 | +€17,990 | +24.0% |
| Trade debts | 44 | €34,243 | €66,029 | +€31,786 | +92.8% |
| Suppliers | 440/4 | €34,243 | €66,029 | +€31,786 | +92.8% |
| Taxes, remuneration and social security | 45 | €6,345 | €4,376 | -€1,970 | -31.0% |
| Taxes | 450/3 | €6,345 | €4,376 | -€1,970 | -31.0% |
| Other amounts payable | 47/48 | €291,739 | €301,838 | +€10,098 | +3.5% |
| Accrued charges and deferred income | 492/3 | €35,844 | €0 | -€35,844 | -100.0% |
| Remuneration, social security and pensions | 62 | €33,373 | €63,906 | +€30,533 | +91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,633 | €72,171 | +€15,538 | +27.4% |
| Other operating charges | 640/8 | €1,129 | €2,423 | +€1,293 | +114.5% |
| Non-recurring operating charges | 66A | €0 | €400 | +€400 | |
| Gross operating margin | 9900 | €126,227 | €194,277 | +€68,049 | +53.9% |
| Operating profit (loss) | 9901 | €35,091 | €55,376 | +€20,285 | +57.8% |
| Financial income | 75/76B | €0 | €25 | +€24 | +6122.5% |
| Recurring financial income | 75 | €0 | €25 | +€24 | +6122.5% |
| Financial charges | 65/66B | €33,884 | €20,477 | -€13,407 | -39.6% |
| Recurring financial charges | 65 | €33,884 | €20,477 | -€13,407 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €1,208 | €34,924 | +€33,716 | +2792.0% |
| Income taxes | 67/77 | €54 | €7,846 | +€7,792 | +14394.8% |
| Profit (loss) for the period | 9904 | €1,153 | €27,078 | +€25,924 | +2247.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,153 | €27,078 | +€25,924 | +2247.5% |
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 10 October 2026 via checked.be.