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.
IMAS
Largest movements
- Receivables within one year +€116,404
up €116,404 (+116%), from €100,263 to €216,666
of which Trade receivables: +€123,154
- Other debts +€44,972
new in 2025: €44,972
- Trade debts +€33,885
up €33,885 (+214%), from €15,825 to €49,710
- Profit (loss) carried forward +€17,617
up €17,617 (+9.5%), from €185,207 to €202,825
- Accrued charges and deferred income +€15,833
new in 2025: €15,833
- Gross operating margin -€15,276
down €15,276 (-46.2%), from €33,060 to €17,784
- Taxes -€10,099
no longer reported in 2025 (was €10,099)
- Financial income -€6,535
no longer reported in 2025 (was €6,535)
- Other operating charges -€1,649
down €1,649 (-90.8%), from €1,816 to €167
- Financial charges -€671
no longer reported in 2025 (was €671)
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 | €409,015 | €525,419 | +€116,404 | +28.5% |
| Fixed assets | 21/28 | €228,021 | €228,021 | = | 0.0% |
| Financial fixed assets | 28 | €228,021 | €228,021 | = | 0.0% |
| Current assets | 29/58 | €180,994 | €297,398 | +€116,404 | +64.3% |
| Amounts receivable within one year | 40/41 | €100,263 | €216,666 | +€116,404 | +116% |
| Trade receivables | 40 | €66,907 | €190,061 | +€123,154 | +184% |
| Other amounts receivable | 41 | €33,356 | €26,605 | -€6,750 | -20.2% |
| Cash at bank and in hand | 54/58 | €35,465 | €35,465 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €45,266 | €45,266 | = | 0.0% |
| Total equity and liabilities | 10/49 | €409,015 | €525,419 | +€116,404 | +28.5% |
| Equity | 10/15 | €370,414 | €388,032 | +€17,617 | +4.8% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €117,036 | €117,036 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,057 | €8,057 | = | 0.0% |
| Distributable reserves | 133 | €108,980 | €108,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,207 | €202,825 | +€17,617 | +9.5% |
| Amounts payable | 17/49 | €38,601 | €137,387 | +€98,786 | +256% |
| Amounts payable within one year | 42/48 | €38,601 | €121,554 | +€82,953 | +215% |
| Trade debts | 44 | €15,825 | €49,710 | +€33,885 | +214% |
| Suppliers | 440/4 | €15,825 | €49,710 | +€33,885 | +214% |
| Taxes, remuneration and social security | 45 | €22,776 | €26,872 | +€4,096 | +18.0% |
| Taxes | 450/3 | €22,776 | €26,872 | +€4,096 | +18.0% |
| Other amounts payable | 47/48 | - | €44,972 | +€44,972 | |
| Accrued charges and deferred income | 492/3 | - | €15,833 | +€15,833 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Other operating charges | 640/8 | €1,816 | €167 | -€1,649 | -90.8% |
| Gross operating margin | 9900 | €33,060 | €17,784 | -€15,276 | -46.2% |
| Operating profit (loss) | 9901 | €31,244 | €17,617 | -€13,627 | -43.6% |
| Financial income | 75/76B | €6,535 | - | -€6,535 | |
| Recurring financial income | 75 | €6,535 | - | -€6,535 | |
| Financial charges | 65/66B | €671 | - | -€671 | |
| Recurring financial charges | 65 | €671 | - | -€671 | |
| Profit (loss) for the period before taxes | 9903 | €37,108 | €17,617 | -€19,491 | -52.5% |
| Income taxes | 67/77 | €10,099 | - | -€10,099 | |
| Profit (loss) for the period | 9904 | €27,009 | €17,617 | -€9,392 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,009 | €17,617 | -€9,392 | -34.8% |
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 15 October 2026 via checked.be.