IMAVICOM: 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.
IMAVICOM
Largest movements
- Tangible fixed assets -€9,388
down €9,388 (-63.2%), from €14,849 to €5,461
of which Furniture and vehicles: -€8,781
- Cash -€1,203
down €1,203 (-86.5%), from €1,391 to €187
mainly Net result for the year (-€9,740) and Current portion of long-term debt (-€7,602)
- Receivables within one year +€918
up €918 (+15.3%), from €5,982 to €6,900
of which Trade receivables: +€1,309
- Profit (loss) carried forward -€9,740
down €9,740, from €34 to -€9,705
- Other debts +€9,185
up €9,185 (+169.9%), from €5,405 to €14,589
- Current portion of long-term debt -€7,602
no longer reported in 2025 (was €7,602)
- Tax, wage and social debts -€1,958
down €1,958 (-71.6%), from €2,735 to €777
- Trade debts +€270
up €270 (+36.7%), from €736 to €1,006
- Gross operating margin -€11,166
down €11,166 (-94.1%), from €11,865 to €699
- Depreciation -€854
down €854 (-8.3%), from €10,242 to €9,388
- Taxes -€609
no longer reported in 2025 (was €609)
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 | €22,512 | €12,667 | -€9,845 | -43.7% |
| Fixed assets | 21/28 | €14,849 | €5,461 | -€9,388 | -63.2% |
| Tangible fixed assets | 22/27 | €14,849 | €5,461 | -€9,388 | -63.2% |
| Furniture and vehicles | 24 | €13,336 | €4,554 | -€8,781 | -65.8% |
| Other tangible fixed assets | 26 | €1,513 | €906 | -€607 | -40.1% |
| Current assets | 29/58 | €7,663 | €7,206 | -€457 | -6.0% |
| Amounts receivable within one year | 40/41 | €5,982 | €6,900 | +€918 | +15.3% |
| Trade receivables | 40 | €5,591 | €6,900 | +€1,309 | +23.4% |
| Other amounts receivable | 41 | €391 | - | -€391 | |
| Cash at bank and in hand | 54/58 | €1,391 | €187 | -€1,203 | -86.5% |
| Deferred charges and accrued income | 490/1 | €290 | €119 | -€172 | -59.1% |
| Total equity and liabilities | 10/49 | €22,512 | €12,667 | -€9,845 | -43.7% |
| Equity | 10/15 | €6,034 | -€3,705 | -€9,740 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34 | -€9,705 | -€9,740 | |
| Amounts payable | 17/49 | €16,478 | €16,372 | -€106 | -0.6% |
| Amounts payable within one year | 42/48 | €16,478 | €16,372 | -€106 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €7,602 | - | -€7,602 | |
| Trade debts | 44 | €736 | €1,006 | +€270 | +36.7% |
| Suppliers | 440/4 | €736 | €1,006 | +€270 | +36.7% |
| Taxes, remuneration and social security | 45 | €2,735 | €777 | -€1,958 | -71.6% |
| Taxes | 450/3 | €2,735 | €777 | -€1,958 | -71.6% |
| Other amounts payable | 47/48 | €5,405 | €14,589 | +€9,185 | +169.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,242 | €9,388 | -€854 | -8.3% |
| Other operating charges | 640/8 | €738 | €652 | -€86 | -11.7% |
| Gross operating margin | 9900 | €11,865 | €699 | -€11,166 | -94.1% |
| Operating profit (loss) | 9901 | €885 | -€9,341 | -€10,227 | |
| Financial charges | 65/66B | €455 | €398 | -€57 | -12.4% |
| Recurring financial charges | 65 | €455 | €398 | -€57 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €430 | -€9,740 | -€10,170 | |
| Income taxes | 67/77 | €609 | - | -€609 | |
| Profit (loss) for the period | 9904 | -€178 | -€9,740 | -€9,561 | -5356.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€178 | -€9,740 | -€9,561 | -5356.7% |
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 8 October 2026 via checked.be.