IMAT: 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.
IMAT
Largest movements
- Tangible fixed assets -€18,864
down €18,864 (-14.7%), from €128,580 to €109,716
of which Land and buildings: -€20,180
- Cash +€17,919
up €17,919 (+30.9%), from €58,001 to €75,920
mainly Depreciation (+€22,279) and Deferred charges and accrued income (+€1,131)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€3,211
down €3,211 (-11.4%), from €28,187 to €24,976
- Depreciation -€2,651
down €2,651 (-10.6%), from €24,929 to €22,279
- Financial income -€1,082
down €1,082 (-92.0%), from €1,176 to €95
- Taxes -€408
down €408, from €403 to -€5
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 | €189,713 | €188,669 | -€1,043 | -0.5% |
| Fixed assets | 21/28 | €128,580 | €109,716 | -€18,864 | -14.7% |
| Tangible fixed assets | 22/27 | €128,580 | €109,716 | -€18,864 | -14.7% |
| Land and buildings | 22 | €122,249 | €102,069 | -€20,180 | -16.5% |
| Plant, machinery and equipment | 23 | €6,331 | €7,647 | +€1,316 | +20.8% |
| Current assets | 29/58 | €61,133 | €78,953 | +€17,821 | +29.2% |
| Amounts receivable within one year | 40/41 | €2,000 | €3,033 | +€1,033 | +51.7% |
| Trade receivables | 40 | - | €2,033 | +€2,033 | |
| Other amounts receivable | 41 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €58,001 | €75,920 | +€17,919 | +30.9% |
| Deferred charges and accrued income | 490/1 | €1,131 | - | -€1,131 | |
| Total equity and liabilities | 10/49 | €189,713 | €188,669 | -€1,043 | -0.5% |
| Equity | 10/15 | €136,505 | €135,489 | -€1,016 | -0.7% |
| Contributions | 10/11 | €109,073 | €109,073 | = | 0.0% |
| Capital | 10 | €109,073 | €109,073 | = | 0.0% |
| Issued capital | 100 | €109,073 | €109,073 | = | 0.0% |
| Reserves | 13 | €27,432 | €27,432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,518 | €5,518 | = | 0.0% |
| Legal reserve | 130 | €5,518 | €5,518 | = | 0.0% |
| Distributable reserves | 133 | €21,914 | €21,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,016 | -€1,016 | |
| Amounts payable | 17/49 | €53,207 | €53,180 | -€27 | -0.1% |
| Amounts payable within one year | 42/48 | €53,207 | €53,180 | -€27 | -0.1% |
| Trade debts | 44 | €27 | - | -€27 | |
| Suppliers | 440/4 | €27 | - | -€27 | |
| Other amounts payable | 47/48 | €53,180 | €53,180 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,929 | €22,279 | -€2,651 | -10.6% |
| Other operating charges | 640/8 | €3,653 | €3,768 | +€115 | +3.1% |
| Gross operating margin | 9900 | €28,187 | €24,976 | -€3,211 | -11.4% |
| Operating profit (loss) | 9901 | -€396 | -€1,071 | -€675 | -170.5% |
| Financial income | 75/76B | €1,176 | €95 | -€1,082 | -92.0% |
| Recurring financial income | 75 | €1,176 | €95 | -€1,082 | -92.0% |
| Financial charges | 65/66B | €309 | €45 | -€264 | -85.5% |
| Recurring financial charges | 65 | €309 | €45 | -€264 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | €471 | -€1,021 | -€1,492 | |
| Income taxes | 67/77 | €403 | -€5 | -€408 | |
| Profit (loss) for the period | 9904 | €68 | -€1,016 | -€1,084 | |
| Profit (loss) for the period to be appropriated | 9905 | €68 | -€1,016 | -€1,084 |
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 3 October 2026 via checked.be.