IMATAN: 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.
IMATAN
Largest movements
- Tangible fixed assets -€114,450
down €114,450 (-15.3%), from €750,000 to €635,550
of which Assets under construction and advance payments: -€750,000
- Cash -€26,120
down €26,120 (-38.0%), from €68,818 to €42,698
mainly Debts after one year (-€200,000) and Net result for the year (-€16,395)
- Debts after one year -€200,000
no longer reported in 2025 (was €200,000)
- Other debts +€75,000
up €75,000 (+18.8%), from €400,000 to €475,000
- Profit (loss) carried forward -€16,395
down €16,395 (-90.3%), from €18,157 to €1,762
- Other operating charges +€20,073
up €20,073 (+15931.0%), from €126 to €20,199
- Gross operating margin +€19,741
up €19,741 (+697.8%), from €2,829 to €22,570
- Depreciation +€19,200
new in 2025: €19,200
- Taxes -€648
down €648 (-98.0%), from €661 to €13
- Financial income +€424
up €424 (+234.3%), from €181 to €605
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 | €819,157 | €679,237 | -€139,920 | -17.1% |
| Fixed assets | 21/28 | €750,000 | €635,550 | -€114,450 | -15.3% |
| Tangible fixed assets | 22/27 | €750,000 | €635,550 | -€114,450 | -15.3% |
| Land and buildings | 22 | - | €635,550 | +€635,550 | |
| Assets under construction and advance payments | 27 | €750,000 | - | -€750,000 | |
| Current assets | 29/58 | €69,157 | €43,687 | -€25,470 | -36.8% |
| Amounts receivable within one year | 40/41 | €339 | €700 | +€361 | +106.5% |
| Other amounts receivable | 41 | €339 | €700 | +€361 | +106.5% |
| Cash at bank and in hand | 54/58 | €68,818 | €42,698 | -€26,120 | -38.0% |
| Deferred charges and accrued income | 490/1 | - | €289 | +€289 | |
| Total equity and liabilities | 10/49 | €819,157 | €679,237 | -€139,920 | -17.1% |
| Equity | 10/15 | €219,157 | €202,762 | -€16,395 | -7.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,157 | €1,762 | -€16,395 | -90.3% |
| Amounts payable | 17/49 | €600,000 | €476,475 | -€123,525 | -20.6% |
| Amounts payable after more than one year | 17 | €200,000 | - | -€200,000 | |
| Other amounts payable | 178/9 | €200,000 | - | -€200,000 | |
| Amounts payable within one year | 42/48 | €400,000 | €475,225 | +€75,225 | +18.8% |
| Trade debts | 44 | - | €225 | +€225 | |
| Suppliers | 440/4 | - | €225 | +€225 | |
| Other amounts payable | 47/48 | €400,000 | €475,000 | +€75,000 | +18.8% |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €19,200 | +€19,200 | |
| Other operating charges | 640/8 | €126 | €20,199 | +€20,073 | +15931.0% |
| Gross operating margin | 9900 | €2,829 | €22,570 | +€19,741 | +697.8% |
| Operating profit (loss) | 9901 | €2,703 | -€16,829 | -€19,532 | |
| Financial income | 75/76B | €181 | €605 | +€424 | +234.3% |
| Recurring financial income | 75 | €181 | €605 | +€424 | +234.3% |
| Financial charges | 65/66B | €47 | €158 | +€111 | +236.2% |
| Recurring financial charges | 65 | €47 | €158 | +€111 | +236.2% |
| Profit (loss) for the period before taxes | 9903 | €2,837 | -€16,382 | -€19,219 | |
| Income taxes | 67/77 | €661 | €13 | -€648 | -98.0% |
| Profit (loss) for the period | 9904 | €2,176 | -€16,395 | -€18,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,176 | -€16,395 | -€18,571 |
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 28 September 2026 via checked.be.