IMASCO: 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.
IMASCO
Largest movements
- Receivables within one year -€7,200
down €7,200 (-50.0%), from €14,400 to €7,200
- Tangible fixed assets +€2,107
up €2,107 (+1.9%), from €111,666 to €113,772
- Other debts -€13,265
down €13,265 (-4.8%), from €278,074 to €264,810
- Profit (loss) carried forward +€6,343
up €6,343 (+2.8%), from -€226,974 to -€220,631
- Tax, wage and social debts +€2,101
up €2,101 (+443.1%), from €474 to €2,575
- Gross operating margin +€5,208
up €5,208 (+48.7%), from €10,685 to €15,893
- Taxes +€1,627
up €1,627 (+343.1%), from €474 to €2,101
- Other operating charges -€1,433
down €1,433 (-51.3%), from €2,794 to €1,361
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 | €129,571 | €124,316 | -€5,255 | -4.1% |
| Fixed assets | 21/28 | €111,679 | €113,785 | +€2,107 | +1.9% |
| Tangible fixed assets | 22/27 | €111,666 | €113,772 | +€2,107 | +1.9% |
| Land and buildings | 22 | €111,666 | €113,772 | +€2,107 | +1.9% |
| Financial fixed assets | 28 | €13 | €13 | = | 0.0% |
| Current assets | 29/58 | €17,892 | €10,531 | -€7,362 | -41.1% |
| Amounts receivable within one year | 40/41 | €14,400 | €7,200 | -€7,200 | -50.0% |
| Trade receivables | 40 | €14,400 | €7,200 | -€7,200 | -50.0% |
| Cash at bank and in hand | 54/58 | €3,492 | €3,331 | -€162 | -4.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €129,571 | €124,316 | -€5,255 | -4.1% |
| Equity | 10/15 | -€151,974 | -€145,631 | +€6,343 | +4.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,974 | -€220,631 | +€6,343 | +2.8% |
| Amounts payable | 17/49 | €281,545 | €269,947 | -€11,598 | -4.1% |
| Amounts payable within one year | 42/48 | €279,570 | €268,044 | -€11,526 | -4.1% |
| Trade debts | 44 | €1,022 | €660 | -€362 | -35.4% |
| Suppliers | 440/4 | €1,022 | €660 | -€362 | -35.4% |
| Taxes, remuneration and social security | 45 | €474 | €2,575 | +€2,101 | +443.1% |
| Taxes | 450/3 | €474 | €2,575 | +€2,101 | +443.1% |
| Other amounts payable | 47/48 | €278,074 | €264,810 | -€13,265 | -4.8% |
| Accrued charges and deferred income | 492/3 | €1,975 | €1,903 | -€72 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,068 | €4,108 | +€41 | +1.0% |
| Other operating charges | 640/8 | €2,794 | €1,361 | -€1,433 | -51.3% |
| Gross operating margin | 9900 | €10,685 | €15,893 | +€5,208 | +48.7% |
| Operating profit (loss) | 9901 | €3,823 | €10,423 | +€6,600 | +172.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -68.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -68.9% |
| Financial charges | 65/66B | €2,085 | €1,980 | -€105 | -5.0% |
| Recurring financial charges | 65 | €2,085 | €1,980 | -€105 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €1,740 | €8,444 | +€6,704 | +385.4% |
| Income taxes | 67/77 | €474 | €2,101 | +€1,627 | +343.1% |
| Profit (loss) for the period | 9904 | €1,266 | €6,343 | +€5,077 | +401.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,266 | €6,343 | +€5,077 | +401.2% |
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 5 October 2026 via checked.be.