IMATECH: 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.
IMATECH
Largest movements
- Receivables within one year +€10,400
up €10,400 (+42.8%), from €24,315 to €34,714
of which Trade receivables: +€9,637
- Cash +€5,531
up €5,531 (+212%), from €2,613 to €8,145
mainly Net result for the year (+€29,119) and Depreciation (+€1,114)
- Profit (loss) carried forward +€29,119
up €29,119, from -€11,523 to €17,597
- Trade debts -€9,516
down €9,516 (-40.0%), from €23,796 to €14,280
- Current portion of long-term debt -€2,123
down €2,123 (-58.2%), from €3,650 to €1,527
- Debts after one year -€1,527
no longer reported in 2025 (was €1,527)
- Tax, wage and social debts +€687
up €687 (+15.1%), from €4,557 to €5,243
of which Taxes: +€687
- Gross operating margin +€25,308
up €25,308 (+367%), from €6,905 to €32,213
- Depreciation -€1,543
down €1,543 (-58.1%), from €2,658 to €1,114
- Taxes +€687
new in 2025: €687
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 | €30,214 | €46,441 | +€16,227 | +53.7% |
| Fixed assets | 21/28 | €3,286 | €3,582 | +€296 | +9.0% |
| Tangible fixed assets | 22/27 | €3,286 | €3,582 | +€296 | +9.0% |
| Plant, machinery and equipment | 23 | €83 | €1,305 | +€1,222 | +1,472% |
| Furniture and vehicles | 24 | €3,203 | €2,277 | -€926 | -28.9% |
| Current assets | 29/58 | €26,928 | €42,859 | +€15,931 | +59.2% |
| Amounts receivable within one year | 40/41 | €24,315 | €34,714 | +€10,400 | +42.8% |
| Trade receivables | 40 | €23,982 | €33,618 | +€9,637 | +40.2% |
| Other amounts receivable | 41 | €333 | €1,096 | +€763 | +229% |
| Cash at bank and in hand | 54/58 | €2,613 | €8,145 | +€5,531 | +212% |
| Total equity and liabilities | 10/49 | €30,214 | €46,441 | +€16,227 | +53.7% |
| Equity | 10/15 | -€9,523 | €19,597 | +€29,119 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,523 | €17,597 | +€29,119 | |
| Amounts payable | 17/49 | €39,736 | €26,844 | -€12,892 | -32.4% |
| Amounts payable after more than one year | 17 | €1,527 | - | -€1,527 | |
| Financial debts | 170/4 | €1,527 | - | -€1,527 | |
| Amounts payable within one year | 42/48 | €38,210 | €26,844 | -€11,365 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €3,650 | €1,527 | -€2,123 | -58.2% |
| Trade debts | 44 | €23,796 | €14,280 | -€9,516 | -40.0% |
| Suppliers | 440/4 | €23,796 | €14,280 | -€9,516 | -40.0% |
| Taxes, remuneration and social security | 45 | €4,557 | €5,243 | +€687 | +15.1% |
| Taxes | 450/3 | €1,267 | €1,953 | +€687 | +54.2% |
| Remuneration and social security | 454/9 | €3,290 | €3,290 | = | 0.0% |
| Other amounts payable | 47/48 | €6,207 | €5,794 | -€412 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,658 | €1,114 | -€1,543 | -58.1% |
| Other operating charges | 640/8 | €950 | €783 | -€167 | -17.6% |
| Gross operating margin | 9900 | €6,905 | €32,213 | +€25,308 | +367% |
| Operating profit (loss) | 9901 | €3,298 | €30,316 | +€27,018 | +819% |
| Financial income | 75/76B | €9 | €1 | -€8 | -90.7% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -90.7% |
| Financial charges | 65/66B | €650 | €511 | -€139 | -21.4% |
| Recurring financial charges | 65 | €650 | €511 | -€139 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €2,657 | €29,806 | +€27,150 | +1,022% |
| Income taxes | 67/77 | - | €687 | +€687 | |
| Profit (loss) for the period | 9904 | €2,657 | €29,119 | +€26,463 | +996% |
| Profit (loss) for the period to be appropriated | 9905 | €2,657 | €29,119 | +€26,463 | +996% |
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 13 October 2026 via checked.be.