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
- Receivables within one year +€17,085
up €17,085 (+3195.0%), from €535 to €17,619
of which Trade receivables: +€17,619
- Receivables after one year +€1,700
new in 2025: €1,700
- Cash +€787
up €787 (+809.2%), from €97 to €885
mainly Other debts (+€8,920) and Tax, wage and social debts (+€6,492)
- Other debts +€8,920
up €8,920 (+1150.9%), from €775 to €9,695
- Tax, wage and social debts +€6,492
up €6,492 (+71422.6%), from €9 to €6,501
- Profit (loss) carried forward +€4,615
no longer reported in 2025 (was -€4,615)
- Trade debts -€970
down €970 (-66.3%), from €1,463 to €493
- Reserves +€515
new in 2025: €515
- Gross operating margin +€12,790
up €12,790, from -€4,602 to €8,188
- Other operating charges +€1,232
new in 2025: €1,232
- Taxes +€747
up €747 (+8215.6%), from €9 to €756
- Financial charges +€234
up €234 (+7020.7%), from €3 to €237
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 | €632 | €20,204 | +€19,572 | +3096.7% |
| Current assets | 29/58 | €632 | €20,204 | +€19,572 | +3096.7% |
| Amounts receivable after more than one year | 29 | - | €1,700 | +€1,700 | |
| Other amounts receivable | 291 | - | €1,700 | +€1,700 | |
| Amounts receivable within one year | 40/41 | €535 | €17,619 | +€17,085 | +3195.0% |
| Trade receivables | 40 | - | €17,619 | +€17,619 | |
| Other amounts receivable | 41 | €535 | - | -€535 | |
| Cash at bank and in hand | 54/58 | €97 | €885 | +€787 | +809.2% |
| Total equity and liabilities | 10/49 | €632 | €20,204 | +€19,572 | +3096.7% |
| Equity | 10/15 | -€1,615 | €3,515 | +€5,130 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €515 | +€515 | |
| Distributable reserves | 133 | - | €515 | +€515 | |
| Profit (loss) carried forward | 14 | -€4,615 | - | +€4,615 | |
| Amounts payable | 17/49 | €2,247 | €16,689 | +€14,442 | +642.8% |
| Amounts payable within one year | 42/48 | €2,247 | €16,689 | +€14,442 | +642.8% |
| Trade debts | 44 | €1,463 | €493 | -€970 | -66.3% |
| Suppliers | 440/4 | €1,463 | €493 | -€970 | -66.3% |
| Taxes, remuneration and social security | 45 | €9 | €6,501 | +€6,492 | +71422.6% |
| Taxes | 450/3 | €9 | €6,501 | +€6,492 | +71422.6% |
| Other amounts payable | 47/48 | €775 | €9,695 | +€8,920 | +1150.9% |
| Other operating charges | 640/8 | - | €1,232 | +€1,232 | |
| Gross operating margin | 9900 | -€4,602 | €8,188 | +€12,790 | |
| Operating profit (loss) | 9901 | -€4,602 | €6,956 | +€11,558 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3 | €237 | +€234 | +7020.7% |
| Recurring financial charges | 65 | €3 | €237 | +€234 | +7020.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,606 | €6,719 | +€11,325 | |
| Income taxes | 67/77 | €9 | €756 | +€747 | +8215.6% |
| Profit (loss) for the period | 9904 | -€4,615 | €5,963 | +€10,578 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,615 | €5,963 | +€10,578 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.