Imaxx: 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.
Imaxx
Largest movements
- Current investments -€95,097
down €95,097 (-25.2%), from €378,000 to €282,903
- Tangible fixed assets +€64,598
up €64,598 (+108.5%), from €59,513 to €124,111
of which Furniture and vehicles: +€66,330
- Other debts -€93,934
down €93,934 (-62.1%), from €151,166 to €57,233
- Debts after one year +€38,368
new in 2025: €38,368
- Reserves +€29,777
up €29,777 (+9.1%), from €327,089 to €356,866
- Current portion of long-term debt +€14,524
new in 2025: €14,524
- Tax, wage and social debts -€12,102
down €12,102 (-44.2%), from €27,379 to €15,277
of which Remuneration and social security: -€14,429
- Gross operating margin +€16,179
up €16,179 (+6.6%), from €245,837 to €262,016
- Depreciation +€14,725
up €14,725 (+119.7%), from €12,301 to €27,026
- Staff costs -€12,756
down €12,756 (-10.4%), from €122,144 to €109,388
- Financial income +€4,795
up €4,795 (+1286.2%), from €373 to €5,168
of which Financial income: +€4,794
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 | €539,186 | €511,499 | -€27,688 | -5.1% |
| Fixed assets | 21/28 | €59,513 | €124,111 | +€64,598 | +108.5% |
| Tangible fixed assets | 22/27 | €59,513 | €124,111 | +€64,598 | +108.5% |
| Land and buildings | 22 | €43,673 | €45,746 | +€2,073 | +4.7% |
| Plant, machinery and equipment | 23 | €11,150 | €7,346 | -€3,805 | -34.1% |
| Furniture and vehicles | 24 | €4,689 | €71,019 | +€66,330 | +1414.5% |
| Current assets | 29/58 | €479,674 | €387,387 | -€92,286 | -19.2% |
| Amounts receivable within one year | 40/41 | €23,870 | €26,584 | +€2,714 | +11.4% |
| Trade receivables | 40 | €12,318 | €15,074 | +€2,756 | +22.4% |
| Other amounts receivable | 41 | €11,552 | €11,510 | -€42 | -0.4% |
| Current investments | 50/53 | €378,000 | €282,903 | -€95,097 | -25.2% |
| Cash at bank and in hand | 54/58 | €73,627 | €72,810 | -€816 | -1.1% |
| Deferred charges and accrued income | 490/1 | €4,177 | €5,091 | +€914 | +21.9% |
| Total equity and liabilities | 10/49 | €539,186 | €511,499 | -€27,688 | -5.1% |
| Equity | 10/15 | €333,289 | €363,066 | +€29,777 | +8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €327,089 | €356,866 | +€29,777 | +9.1% |
| Distributable reserves | 133 | €327,089 | €356,866 | +€29,777 | +9.1% |
| Amounts payable | 17/49 | €205,897 | €148,433 | -€57,464 | -27.9% |
| Amounts payable after more than one year | 17 | - | €38,368 | +€38,368 | |
| Financial debts | 170/4 | - | €38,368 | +€38,368 | |
| Amounts payable within one year | 42/48 | €205,897 | €110,065 | -€95,833 | -46.5% |
| Current portion of amounts payable after more than one year | 42 | - | €14,524 | +€14,524 | |
| Trade debts | 44 | €27,352 | €23,031 | -€4,321 | -15.8% |
| Suppliers | 440/4 | €27,352 | €23,031 | -€4,321 | -15.8% |
| Taxes, remuneration and social security | 45 | €27,379 | €15,277 | -€12,102 | -44.2% |
| Taxes | 450/3 | €7,107 | €9,434 | +€2,327 | +32.7% |
| Remuneration and social security | 454/9 | €20,272 | €5,843 | -€14,429 | -71.2% |
| Other amounts payable | 47/48 | €151,166 | €57,233 | -€93,934 | -62.1% |
| Non-recurring operating income | 76A | €3,077 | - | -€3,077 | |
| Remuneration, social security and pensions | 62 | €122,144 | €109,388 | -€12,756 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,301 | €27,026 | +€14,725 | +119.7% |
| Other operating charges | 640/8 | €3,585 | €3,879 | +€294 | +8.2% |
| Non-recurring operating charges | 66A | €240 | - | -€240 | |
| Gross operating margin | 9900 | €245,837 | €262,016 | +€16,179 | +6.6% |
| Operating profit (loss) | 9901 | €107,567 | €121,723 | +€14,156 | +13.2% |
| Financial income | 75/76B | €373 | €5,168 | +€4,795 | +1286.2% |
| Recurring financial income | 75 | €373 | €5,167 | +€4,794 | +1285.8% |
| Non-recurring financial income | 76B | - | €2 | +€2 | |
| Financial charges | 65/66B | €531 | €1,447 | +€917 | +172.8% |
| Recurring financial charges | 65 | €531 | €1,447 | +€917 | +172.8% |
| Profit (loss) for the period before taxes | 9903 | €107,409 | €125,444 | +€18,035 | +16.8% |
| Income taxes | 67/77 | €39,926 | €38,434 | -€1,492 | -3.7% |
| Profit (loss) for the period | 9904 | €67,483 | €87,009 | +€19,526 | +28.9% |
| Transfer from tax-exempt reserves | 789 | €30,635 | - | -€30,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,119 | €87,009 | -€11,109 | -11.3% |
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 7 October 2026 via checked.be.