IMAVA: 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.
IMAVA
Largest movements
- Receivables within one year -€84,124
down €84,124 (-80.5%), from €104,498 to €20,373
of which Trade receivables: -€85,022
- Cash +€43,822
up €43,822 (+50.0%), from €87,679 to €131,502
mainly Receivables within one year (+€84,124) and Net result for the year (+€71,436)
- Trade debts -€110,381
down €110,381 (-83.3%), from €132,509 to €22,128
- Accrued charges and deferred income -€44,000
down €44,000 (-100%), from €44,000 to €0
- Tax, wage and social debts +€42,643
up €42,643 (+298%), from €14,297 to €56,940
- Profit (loss) carried forward +€41,436
up €41,436, from -€13,630 to €27,806
- Reserves +€30,000
new in 2025: €30,000
- Taxes +€23,366
new in 2025: €23,366
- Other operating charges +€2,549
up €2,549 (+495%), from €515 to €3,064
- Gross operating margin +€1,577
up €1,577 (+1.6%), from €96,984 to €98,561
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 | €192,177 | €151,875 | -€40,302 | -21.0% |
| Current assets | 29/58 | €192,177 | €151,875 | -€40,302 | -21.0% |
| Amounts receivable within one year | 40/41 | €104,498 | €20,373 | -€84,124 | -80.5% |
| Trade receivables | 40 | €104,498 | €19,476 | -€85,022 | -81.4% |
| Other amounts receivable | 41 | - | €898 | +€898 | |
| Cash at bank and in hand | 54/58 | €87,679 | €131,502 | +€43,822 | +50.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €192,177 | €151,875 | -€40,302 | -21.0% |
| Equity | 10/15 | €1,370 | €72,806 | +€71,436 | +5,213% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | -€13,630 | €27,806 | +€41,436 | |
| Amounts payable | 17/49 | €190,807 | €79,068 | -€111,738 | -58.6% |
| Amounts payable within one year | 42/48 | €146,807 | €79,068 | -€67,738 | -46.1% |
| Trade debts | 44 | €132,509 | €22,128 | -€110,381 | -83.3% |
| Suppliers | 440/4 | €132,509 | €22,128 | -€110,381 | -83.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,297 | €56,940 | +€42,643 | +298% |
| Taxes | 450/3 | €14,297 | €56,940 | +€42,643 | +298% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €44,000 | €0 | -€44,000 | -100% |
| Other operating charges | 640/8 | €515 | €3,064 | +€2,549 | +495% |
| Gross operating margin | 9900 | €96,984 | €98,561 | +€1,577 | +1.6% |
| Operating profit (loss) | 9901 | €96,469 | €95,496 | -€972 | -1.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,060 | €695 | -€366 | -34.5% |
| Recurring financial charges | 65 | €1,060 | €695 | -€366 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €95,409 | €94,802 | -€606 | -0.6% |
| Income taxes | 67/77 | - | €23,366 | +€23,366 | |
| Profit (loss) for the period | 9904 | €95,409 | €71,436 | -€23,973 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,409 | €71,436 | -€23,973 | -25.1% |
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 28 October 2026 via checked.be.