IMART: 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.
IMART
Largest movements
- Current investments +€200,000
up €200,000, from €0 to €200,000
- Receivables within one year -€41,277
down €41,277 (-15.0%), from €275,708 to €234,431
of which Other amounts receivable: -€63,552
- Cash -€25,676
down €25,676 (-5.9%), from €434,210 to €408,534
mainly Current investments (-€200,000) and Contributions, distributions and other (-€89,333)
- Reserves +€122,689
up €122,689 (+18.8%), from €653,290 to €775,980
of which Distributable reserves: +€122,689
- Trade debts +€19,167
up €19,167 (+47.8%), from €40,079 to €59,246
- Contributions -€18,550
down €18,550 (-100%), from €18,550 to €0
- Financial income -€6,826
down €6,826 (-49.8%), from €13,706 to €6,880
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.
Derived cash bridge
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 | €741,523 | €866,756 | +€125,234 | +16.9% |
| Fixed assets | 21/28 | €5,927 | €4,104 | -€1,823 | -30.8% |
| Tangible fixed assets | 22/27 | €5,877 | €4,054 | -€1,823 | -31.0% |
| Plant, machinery and equipment | 23 | €2,913 | €1,609 | -€1,304 | -44.8% |
| Furniture and vehicles | 24 | €2,964 | €2,446 | -€519 | -17.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €735,596 | €862,653 | +€127,057 | +17.3% |
| Amounts receivable within one year | 40/41 | €275,708 | €234,431 | -€41,277 | -15.0% |
| Trade receivables | 40 | €104,957 | €127,233 | +€22,276 | +21.2% |
| Other amounts receivable | 41 | €170,751 | €107,199 | -€63,552 | -37.2% |
| Current investments | 50/53 | €0 | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €434,210 | €408,534 | -€25,676 | -5.9% |
| Deferred charges and accrued income | 490/1 | €25,678 | €19,687 | -€5,991 | -23.3% |
| Total equity and liabilities | 10/49 | €741,523 | €866,756 | +€125,234 | +16.9% |
| Equity | 10/15 | €671,840 | €775,980 | +€104,139 | +15.5% |
| Contributions | 10/11 | €18,550 | €0 | -€18,550 | -100% |
| Reserves | 13 | €653,290 | €775,980 | +€122,689 | +18.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €653,290 | €775,980 | +€122,689 | +18.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,682 | €90,777 | +€21,094 | +30.3% |
| Amounts payable within one year | 42/48 | €69,682 | €90,777 | +€21,094 | +30.3% |
| Trade debts | 44 | €40,079 | €59,246 | +€19,167 | +47.8% |
| Suppliers | 440/4 | €40,079 | €59,246 | +€19,167 | +47.8% |
| Taxes, remuneration and social security | 45 | €29,603 | €31,531 | +€1,927 | +6.5% |
| Taxes | 450/3 | €29,603 | €31,531 | +€1,927 | +6.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,927 | €1,823 | -€104 | -5.4% |
| Other operating charges | 640/8 | €1,390 | €1,517 | +€126 | +9.1% |
| Gross operating margin | 9900 | €281,992 | €283,950 | +€1,958 | +0.7% |
| Operating profit (loss) | 9901 | €278,674 | €280,611 | +€1,937 | +0.7% |
| Financial income | 75/76B | €13,706 | €6,880 | -€6,826 | -49.8% |
| Recurring financial income | 75 | €13,706 | €6,880 | -€6,826 | -49.8% |
| Financial charges | 65/66B | €1,429 | €1,679 | +€250 | +17.5% |
| Recurring financial charges | 65 | €1,429 | €1,679 | +€250 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €290,951 | €285,812 | -€5,139 | -1.8% |
| Income taxes | 67/77 | €93,824 | €92,339 | -€1,485 | -1.6% |
| Profit (loss) for the period | 9904 | €197,127 | €193,473 | -€3,655 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €197,127 | €193,473 | -€3,655 | -1.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.