IMAS: 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.
IMAS
Largest movements
- Current investments -€35,000
no longer reported in 2025 (was €35,000)
- Receivables within one year +€27,898
up €27,898 (+39.0%), from €71,623 to €99,521
of which Trade receivables: +€19,088
- Cash -€5,610
down €5,610 (-9.7%), from €57,595 to €51,985
mainly Receivables within one year (-€27,898) and Tax, wage and social debts (-€15,094)
- Tangible fixed assets -€4,154
down €4,154 (-28.4%), from €14,630 to €10,476
of which Other tangible fixed assets: -€2,173
- Deferred charges and accrued income +€3,181
up €3,181 (+193.5%), from €1,644 to €4,825
- Tax, wage and social debts -€15,094
down €15,094 (-19.8%), from €76,244 to €61,151
of which Remuneration and social security: -€13,089
- Reserves +€2,840
up €2,840 (+7.2%), from €39,390 to €42,229
of which Distributable reserves: +€2,840
- Staff costs -€89,618
down €89,618 (-13.7%), from €656,233 to €566,615
- Gross operating margin -€76,198
down €76,198 (-11.3%), from €672,050 to €595,852
- Other operating charges +€14,196
up €14,196 (+725.2%), from €1,958 to €16,153
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 | €180,491 | €166,957 | -€13,535 | -7.5% |
| Fixed assets | 21/28 | €14,630 | €10,626 | -€4,004 | -27.4% |
| Tangible fixed assets | 22/27 | €14,630 | €10,476 | -€4,154 | -28.4% |
| Plant, machinery and equipment | 23 | €1,239 | €713 | -€525 | -42.4% |
| Furniture and vehicles | 24 | €4,219 | €2,763 | -€1,456 | -34.5% |
| Other tangible fixed assets | 26 | €9,172 | €6,999 | -€2,173 | -23.7% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €165,861 | €156,331 | -€9,530 | -5.7% |
| Amounts receivable within one year | 40/41 | €71,623 | €99,521 | +€27,898 | +39.0% |
| Trade receivables | 40 | €69,098 | €88,185 | +€19,088 | +27.6% |
| Other amounts receivable | 41 | €2,525 | €11,336 | +€8,811 | +348.9% |
| Current investments | 50/53 | €35,000 | - | -€35,000 | |
| Cash at bank and in hand | 54/58 | €57,595 | €51,985 | -€5,610 | -9.7% |
| Deferred charges and accrued income | 490/1 | €1,644 | €4,825 | +€3,181 | +193.5% |
| Total equity and liabilities | 10/49 | €180,491 | €166,957 | -€13,535 | -7.5% |
| Equity | 10/15 | €55,590 | €58,429 | +€2,840 | +5.1% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €39,390 | €42,229 | +€2,840 | +7.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €37,531 | €40,370 | +€2,840 | +7.6% |
| Amounts payable | 17/49 | €124,901 | €108,527 | -€16,374 | -13.1% |
| Amounts payable within one year | 42/48 | €124,901 | €108,527 | -€16,374 | -13.1% |
| Financial debts | 43 | €37,677 | €36,715 | -€962 | -2.6% |
| Credit institutions | 430/8 | €37,677 | €36,715 | -€962 | -2.6% |
| Trade debts | 44 | €8,199 | €9,105 | +€906 | +11.0% |
| Suppliers | 440/4 | €8,199 | €9,105 | +€906 | +11.0% |
| Taxes, remuneration and social security | 45 | €76,244 | €61,151 | -€15,094 | -19.8% |
| Taxes | 450/3 | €9,090 | €7,085 | -€2,005 | -22.1% |
| Remuneration and social security | 454/9 | €67,154 | €54,066 | -€13,089 | -19.5% |
| Other amounts payable | 47/48 | €2,781 | €1,557 | -€1,224 | -44.0% |
| Remuneration, social security and pensions | 62 | €656,233 | €566,615 | -€89,618 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,331 | €4,786 | -€545 | -10.2% |
| Other operating charges | 640/8 | €1,958 | €16,153 | +€14,196 | +725.2% |
| Gross operating margin | 9900 | €672,050 | €595,852 | -€76,198 | -11.3% |
| Operating profit (loss) | 9901 | €8,528 | €8,298 | -€230 | -2.7% |
| Financial income | 75/76B | €380 | €395 | +€16 | +4.1% |
| Recurring financial income | 75 | €380 | €395 | +€16 | +4.1% |
| Financial charges | 65/66B | €1,758 | €2,967 | +€1,210 | +68.8% |
| Recurring financial charges | 65 | €1,758 | €2,967 | +€1,210 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €7,150 | €5,726 | -€1,424 | -19.9% |
| Income taxes | 67/77 | €3,041 | €2,886 | -€155 | -5.1% |
| Profit (loss) for the period | 9904 | €4,109 | €2,840 | -€1,269 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,109 | €2,840 | -€1,269 | -30.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.