IMATI: 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.
IMATI
Largest movements
- Cash -€10,807
down €10,807 (-45.5%), from €23,776 to €12,969
mainly Trade debts (-€9,928) and Other debts (-€7,464)
- Current investments -€10,032
down €10,032 (-40.1%), from €25,010 to €14,979
- Tangible fixed assets -€6,008
down €6,008 (-43.5%), from €13,801 to €7,793
of which Furniture and vehicles: -€3,151
- Intangible fixed assets +€4,922
new in 2025: €4,922
- Trade debts -€9,928
down €9,928 (-45.5%), from €21,824 to €11,897
- Other debts -€7,464
down €7,464 (-100.0%), from €7,464 to €0
- Current portion of long-term debt -€3,721
down €3,721 (-100.0%), from €3,721 to €0
- Gross operating margin -€34,294
down €34,294 (-73.6%), from €46,570 to €12,276
- Taxes -€8,332
down €8,332 (-89.9%), from €9,269 to €937
- Depreciation +€4,908
up €4,908 (+163.8%), from €2,996 to €7,904
- Financial charges -€871
down €871 (-39.9%), from €2,180 to €1,309
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 | €223,837 | €203,121 | -€20,715 | -9.3% |
| Fixed assets | 21/28 | €14,801 | €13,715 | -€1,086 | -7.3% |
| Intangible fixed assets | 21 | - | €4,922 | +€4,922 | |
| Tangible fixed assets | 22/27 | €13,801 | €7,793 | -€6,008 | -43.5% |
| Plant, machinery and equipment | 23 | €1,569 | €1,108 | -€461 | -29.4% |
| Furniture and vehicles | 24 | €7,163 | €4,012 | -€3,151 | -44.0% |
| Other tangible fixed assets | 26 | €5,069 | €2,673 | -€2,396 | -47.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €209,036 | €189,407 | -€19,629 | -9.4% |
| Amounts receivable within one year | 40/41 | €160,250 | €161,285 | +€1,036 | +0.6% |
| Trade receivables | 40 | €29,519 | €17,324 | -€12,195 | -41.3% |
| Other amounts receivable | 41 | €130,731 | €143,962 | +€13,230 | +10.1% |
| Current investments | 50/53 | €25,010 | €14,979 | -€10,032 | -40.1% |
| Cash at bank and in hand | 54/58 | €23,776 | €12,969 | -€10,807 | -45.5% |
| Deferred charges and accrued income | 490/1 | - | €174 | +€174 | |
| Total equity and liabilities | 10/49 | €223,837 | €203,121 | -€20,715 | -9.3% |
| Equity | 10/15 | €179,200 | €179,702 | +€502 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,678 | €141,678 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €141,058 | €141,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,322 | €31,825 | +€502 | +1.6% |
| Amounts payable | 17/49 | €44,637 | €23,419 | -€21,218 | -47.5% |
| Amounts payable within one year | 42/48 | €44,637 | €23,419 | -€21,218 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €3,721 | €0 | -€3,721 | -100.0% |
| Financial debts | 43 | - | €483 | +€483 | |
| Credit institutions | 430/8 | - | €483 | +€483 | |
| Trade debts | 44 | €21,824 | €11,897 | -€9,928 | -45.5% |
| Suppliers | 440/4 | €21,824 | €11,897 | -€9,928 | -45.5% |
| Taxes, remuneration and social security | 45 | €11,628 | €11,039 | -€588 | -5.1% |
| Taxes | 450/3 | €11,628 | €11,039 | -€588 | -5.1% |
| Other amounts payable | 47/48 | €7,464 | €0 | -€7,464 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,996 | €7,904 | +€4,908 | +163.8% |
| Other operating charges | 640/8 | €1,222 | €1,645 | +€423 | +34.6% |
| Gross operating margin | 9900 | €46,570 | €12,276 | -€34,294 | -73.6% |
| Operating profit (loss) | 9901 | €42,352 | €2,727 | -€39,625 | -93.6% |
| Financial income | 75/76B | €419 | €21 | -€398 | -94.9% |
| Recurring financial income | 75 | €419 | €21 | -€398 | -94.9% |
| Financial charges | 65/66B | €2,180 | €1,309 | -€871 | -39.9% |
| Recurring financial charges | 65 | €2,180 | €1,309 | -€871 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €40,591 | €1,439 | -€39,152 | -96.5% |
| Income taxes | 67/77 | €9,269 | €937 | -€8,332 | -89.9% |
| Profit (loss) for the period | 9904 | €31,322 | €502 | -€30,820 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,322 | €502 | -€30,820 | -98.4% |
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 11 October 2026 via checked.be.