IMAS: 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.
What changed
IMAS
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €2.2m-€590,336
Equity
€17.6m
2024 · €16.0m+€1.6m
Cash
€4.9m
2024 · €8.5m-€3.6m
Balance sheet total
€56.4m
2024 · €61.3m-€4.8m
Largest movements
Assets
- Cash -€3.6m
down €3.6m (-42.1%), from €8.5m to €4.9m
mainly Short-term financial debts (-€14.4m) and Investment in fixed assets (net) (-€2.3m)
- Receivables after one year -€2.0m
down €2.0m (-46.6%), from €4.3m to €2.3m
- Tangible fixed assets +€638,045
up €638,045 (+12.0%), from €5.3m to €6.0m
of which Plant, machinery and equipment: +€502,615
Equity and liabilities
- Short-term financial debts -€14.4m
down €14.4m (-72.0%), from €20.0m to €5.6m
- Other debts +€8.4m
up €8.4m (+37.7%), from €22.2m to €30.6m
- Profit (loss) carried forward +€1.6m
up €1.6m (+17.8%), from €9.0m to €10.6m
Income statement
- Turnover +€802,906
up €802,906 (+7.5%), from €10.7m to €11.5m
- Financial income -€560,572
down €560,572 (-18.9%), from €3.0m to €2.4m
of which Financial income: -€560,530
- Services and other goods +€457,571
up €457,571 (+11.1%), from €4.1m to €4.6m
- Staff costs -€259,278
down €259,278 (-7.3%), from €3.5m to €3.3m
- Financial charges -€256,761
down €256,761 (-10.9%), from €2.4m to €2.1m
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.
Result 2024
€2.2m
Turnover
+€802,906
Other operating income
+€5,936
Goods and materials
-€38,203
Services and other goods
-€457,571
Staff costs
+€259,278
Depreciation
-€122,084
Write-downs
-€169
Other operating charges
-€502
Other operating items
-€902,499
Financial income
-€560,572
Financial charges
+€256,761
Taxes
-€45,238
Deferred taxes and other
+€211,623
Result 2025
€1.6m
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.
From operations
+€13.1m
Investment
-€2.3m
Financing
-€14.4m
Cash 2024
€8.5m
From operations (derived)
+€13.1m
Net result for the year
+€1.6m
Depreciation
+€1.8m
Receivables after one year
+€2.0m
Receivables within one year
-€248,367
Deferred charges and accrued income
+€36,557
Trade debts
-€409,085
Smaller working-capital items
-€103
Other debts
+€8.4m
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.3m
Financing
-€14.4m
Current portion of long-term debt
-€8,820
Short-term financial debts
-€14.4m
Cash 2025
€4.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,277,162 | €56,439,807 | -€4.8m | -7.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,726,335 | €7,236,224 | +€509,889 | +7.6% |
| Intangible fixed assets | 21 | €1,220,851 | €1,092,696 | -€128,155 | -10.5% |
| Tangible fixed assets | 22/27 | €5,334,078 | €5,972,123 | +€638,045 | +12.0% |
| Land and buildings | 22 | €2,437,829 | €2,464,969 | +€27,140 | +1.1% |
| Plant, machinery and equipment | 23 | €2,681,005 | €3,183,620 | +€502,615 | +18.7% |
| Furniture and vehicles | 24 | €66,844 | €48,041 | -€18,803 | -28.1% |
| Leasing and similar rights | 25 | €10,939 | €0 | -€10,939 | -100.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €137,461 | €275,494 | +€138,032 | +100.4% |
| Financial fixed assets | 28 | €171,405 | €171,405 | = | 0.0% |
| Affiliated companies | 280/1 | €168,249 | €168,249 | = | 0.0% |
| Participating interests | 280 | €168,249 | €168,249 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,157 | €3,157 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,157 | €3,157 | = | 0.0% |
| Current assets | 29/58 | €54,550,827 | €49,203,583 | -€5.3m | -9.8% |
| Amounts receivable after more than one year | 29 | €4,292,739 | €2,292,739 | -€2.0m | -46.6% |
| Trade receivables | 290 | €4,292,739 | €2,292,739 | -€2.0m | -46.6% |
| Amounts receivable within one year | 40/41 | €40,860,734 | €41,109,101 | +€248,367 | +0.6% |
| Trade receivables | 40 | €2,044,194 | €1,747,353 | -€296,840 | -14.5% |
| Other amounts receivable | 41 | €38,816,541 | €39,361,748 | +€545,207 | +1.4% |
| Cash at bank and in hand | 54/58 | €8,461,486 | €4,902,431 | -€3.6m | -42.1% |
| Deferred charges and accrued income | 490/1 | €935,868 | €899,311 | -€36,557 | -3.9% |
| Total equity and liabilities | 10/49 | €61,277,162 | €56,439,807 | -€4.8m | -7.9% |
| Equity | 10/15 | €16,042,740 | €17,636,669 | +€1.6m | +9.9% |
| Contributions | 10/11 | €1,923,126 | €1,923,126 | = | 0.0% |
| Capital | 10 | €1,923,126 | €1,923,126 | = | 0.0% |
| Issued capital | 100 | €1,923,126 | €1,923,126 | = | 0.0% |
| Reserves | 13 | €5,141,783 | €5,141,783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200,377 | €200,377 | = | 0.0% |
| Legal reserve | 130 | €192,313 | €192,313 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,064 | €8,064 | = | 0.0% |
| Tax-exempt reserves | 132 | €706,189 | €706,189 | = | 0.0% |
| Distributable reserves | 133 | €4,235,217 | €4,235,217 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,977,832 | €10,571,761 | +€1.6m | +17.8% |
| Provisions and deferred taxes | 16 | €211,623 | €211,623 | = | 0.0% |
| Deferred taxes | 168 | €211,623 | €211,623 | = | 0.0% |
| Amounts payable | 17/49 | €45,022,799 | €38,591,515 | -€6.4m | -14.3% |
| Amounts payable within one year | 42/48 | €44,912,491 | €38,475,471 | -€6.4m | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €11,096 | €2,276 | -€8,820 | -79.5% |
| Financial debts | 43 | €20,000,000 | €5,600,392 | -€14.4m | -72.0% |
| Credit institutions | 430/8 | €20,000,000 | €5,600,392 | -€14.4m | -72.0% |
| Trade debts | 44 | €1,780,141 | €1,371,057 | -€409,085 | -23.0% |
| Suppliers | 440/4 | €1,780,141 | €1,371,057 | -€409,085 | -23.0% |
| Taxes, remuneration and social security | 45 | €893,606 | €887,767 | -€5,839 | -0.7% |
| Taxes | 450/3 | €0 | €160,904 | +€160,904 | |
| Remuneration and social security | 454/9 | €893,606 | €726,863 | -€166,743 | -18.7% |
| Other amounts payable | 47/48 | €22,227,648 | €30,613,980 | +€8.4m | +37.7% |
| Accrued charges and deferred income | 492/3 | €110,308 | €116,044 | +€5,736 | +5.2% |
| Operating income | 70/76A | €11,893,888 | €11,800,231 | -€93,657 | -0.8% |
| Turnover | 70 | €10,713,163 | €11,516,068 | +€802,906 | +7.5% |
| Other operating income | 74 | €278,227 | €284,163 | +€5,936 | +2.1% |
| Non-recurring operating income | 76A | €902,499 | - | -€902,499 | |
| Operating charges | 60/66A | €9,554,522 | €9,913,774 | +€359,252 | +3.8% |
| Goods for resale, raw materials and consumables | 60 | €13,290 | €51,493 | +€38,203 | +287.5% |
| Purchases | 600/8 | €13,290 | €51,493 | +€38,203 | +287.5% |
| Services and other goods | 61 | €4,120,538 | €4,578,109 | +€457,571 | +11.1% |
| Remuneration, social security and pensions | 62 | €3,539,354 | €3,280,076 | -€259,278 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,638,045 | €1,760,130 | +€122,084 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€169 | - | +€169 | |
| Other operating charges | 640/8 | €243,464 | €243,966 | +€502 | +0.2% |
| Operating profit (loss) | 9901 | €2,339,367 | €1,886,457 | -€452,909 | -19.4% |
| Financial income | 75/76B | €2,972,789 | €2,412,216 | -€560,572 | -18.9% |
| Recurring financial income | 75 | €2,972,746 | €2,412,216 | -€560,530 | -18.9% |
| Income from financial fixed assets | 750 | €1,831,637 | €1,233,697 | -€597,939 | -32.6% |
| Income from current assets | 751 | €1,141,094 | €1,145,067 | +€3,972 | +0.3% |
| Other financial income | 752/9 | €16 | €33,452 | +€33,437 | +215442.7% |
| Non-recurring financial income | 76B | €42 | - | -€42 | |
| Financial charges | 65/66B | €2,359,959 | €2,103,198 | -€256,761 | -10.9% |
| Recurring financial charges | 65 | €2,359,959 | €2,103,198 | -€256,761 | -10.9% |
| Debt charges | 650 | €2,334,326 | €1,990,176 | -€344,150 | -14.7% |
| Other financial charges | 652/9 | €25,632 | €113,022 | +€87,389 | +340.9% |
| Profit (loss) for the period before taxes | 9903 | €2,952,197 | €2,195,476 | -€756,721 | -25.6% |
| Transfer to deferred taxes | 680 | €211,623 | - | -€211,623 | |
| Income taxes | 67/77 | €556,308 | €601,547 | +€45,238 | +8.1% |
| Taxes | 670/3 | €582,264 | €604,157 | +€21,892 | +3.8% |
| Tax adjustments and reversals of tax provisions | 77 | €25,956 | €2,610 | -€23,346 | -89.9% |
| Profit (loss) for the period | 9904 | €2,184,265 | €1,593,929 | -€590,336 | -27.0% |
| Transfer to tax-exempt reserves | 689 | €634,869 | - | -€634,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,549,396 | €1,593,929 | +€44,533 | +2.9% |
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.