IMAUDRIAN: 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.
IMAUDRIAN
Largest movements
- Tangible fixed assets +€599,458
new in 2024: €599,458
- Stocks and contracts -€325,417
down €325,417 (-42.0%), from €775,557 to €450,140
- Cash +€23,187
up €23,187 (+502.3%), from €4,616 to €27,803
mainly Debts after one year (+€647,179) and Stocks and contracts (+€325,417)
- Debts after one year +€647,179
new in 2024: €647,179
- Short-term financial debts -€477,524
down €477,524 (-95.5%), from €500,000 to €22,476
- Profit (loss) carried forward +€98,237
up €98,237, from -€31,469 to €66,768
- Other debts +€37,442
up €37,442 (+15.4%), from €242,784 to €280,226
- Gross operating margin +€142,076
up €142,076, from -€528 to €141,548
- Taxes +€9,328
new in 2024: €9,328
- Financial charges +€7,451
up €7,451 (+33.2%), from €22,415 to €29,866
- Depreciation +€3,396
new in 2024: €3,396
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €780,173 | €1,084,917 | +€304,744 | +39.1% |
| Fixed assets | 21/28 | - | €599,458 | +€599,458 | |
| Tangible fixed assets | 22/27 | - | €599,458 | +€599,458 | |
| Leasing and similar rights | 25 | - | €599,458 | +€599,458 | |
| Current assets | 29/58 | €780,173 | €485,459 | -€294,714 | -37.8% |
| Stocks and contracts in progress | 3 | €775,557 | €450,140 | -€325,417 | -42.0% |
| Stocks | 30/36 | €775,557 | €450,140 | -€325,417 | -42.0% |
| Amounts receivable within one year | 40/41 | €0 | €7,516 | +€7,516 | |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €0 | €7,516 | +€7,516 | |
| Cash at bank and in hand | 54/58 | €4,616 | €27,803 | +€23,187 | +502.3% |
| Total equity and liabilities | 10/49 | €780,173 | €1,084,917 | +€304,744 | +39.1% |
| Equity | 10/15 | €18,531 | €116,768 | +€98,237 | +530.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,469 | €66,768 | +€98,237 | |
| Amounts payable | 17/49 | €761,642 | €968,149 | +€206,507 | +27.1% |
| Amounts payable after more than one year | 17 | - | €647,179 | +€647,179 | |
| Financial debts | 170/4 | - | €647,179 | +€647,179 | |
| Amounts payable within one year | 42/48 | €761,642 | €320,970 | -€440,672 | -57.9% |
| Financial debts | 43 | €500,000 | €22,476 | -€477,524 | -95.5% |
| Credit institutions | 430/8 | €500,000 | €22,476 | -€477,524 | -95.5% |
| Trade debts | 44 | €18,858 | €8,941 | -€9,918 | -52.6% |
| Suppliers | 440/4 | €18,858 | €8,941 | -€9,918 | -52.6% |
| Taxes, remuneration and social security | 45 | €0 | €9,328 | +€9,328 | |
| Taxes | 450/3 | €0 | €9,328 | +€9,328 | |
| Other amounts payable | 47/48 | €242,784 | €280,226 | +€37,442 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,396 | +€3,396 | |
| Other operating charges | 640/8 | €384 | €722 | +€338 | +87.9% |
| Gross operating margin | 9900 | -€528 | €141,548 | +€142,076 | |
| Operating profit (loss) | 9901 | -€912 | €137,430 | +€138,342 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €22,415 | €29,866 | +€7,451 | +33.2% |
| Recurring financial charges | 65 | €22,415 | €29,866 | +€7,451 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,320 | €107,564 | +€130,884 | |
| Income taxes | 67/77 | - | €9,328 | +€9,328 | |
| Profit (loss) for the period | 9904 | -€23,320 | €98,237 | +€121,557 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,320 | €98,237 | +€121,557 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.