IMAY GROUP: what changed
What changed
IMAY GROUP
NACE 42.211, Civil engineering
filed annual accounts (NBB)
Net result for the year
€69,706
2024 · €43,330+€26,376
Equity
€806,051
2024 · €736,344+€69,706
Cash
-
2024 · €104,990-€104,990
Balance sheet total
€1.9m
2024 · €2.1m-€202,441
Largest movements
Assets
- Tangible fixed assets -€285,964
down €285,964 (-16.4%), from €1.7m to €1.5m
of which Land and buildings: -€309,420
- Deferred charges and accrued income +€161,644
up €161,644 (+810%), from €19,964 to €181,608
- Cash -€104,990
no longer reported in 2025 (was €104,990)
mainly Trade debts (-€277,271) and Deferred charges and accrued income (-€161,644)
- Receivables within one year +€26,869
up €26,869 (+12.0%), from €224,445 to €251,314
of which Trade receivables: +€32,837
Equity and liabilities
- Trade debts -€277,271
down €277,271 (-70.5%), from €393,531 to €116,260
- Profit (loss) carried forward +€69,706
up €69,706 (+34.3%), from €203,516 to €273,223
- Other debts -€60,504
down €60,504 (-52.9%), from €114,395 to €53,890
- Short-term financial debts +€55,169
up €55,169 (+24.5%), from €225,097 to €280,266
of which Other loans: +€63,638
- Debts after one year -€50,000
down €50,000 (-8.0%), from €622,463 to €572,463
Income statement
- Staff costs +€95,754
up €95,754 (+31.9%), from €300,542 to €396,296
- Gross operating margin +€95,266
up €95,266 (+17.5%), from €544,025 to €639,291
- Other operating charges -€83,090
down €83,090 (-80.0%), from €103,870 to €20,780
- Depreciation +€31,963
up €31,963 (+54.4%), from €58,775 to €90,738
- Financial charges +€8,947
up €8,947 (+47.9%), from €18,675 to €27,622
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€43,330
Gross operating margin
+€95,266
Staff costs
-€95,754
Depreciation
-€31,963
Other operating charges
+€83,090
Other operating items
-€10,746
Financial income
-€28
Financial charges
-€8,947
Taxes
-€4,541
Result 2025
€69,706
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€347,185
Investment
+€195,226
Financing
+€46,969
Cash 2024
€104,990
From operations (derived)
-€347,185
Net result for the year
+€69,706
Depreciation
+€90,738
Receivables within one year
-€26,869
Deferred charges and accrued income
-€161,644
Trade debts
-€277,271
Tax, wage and social debts
+€18,659
Other debts
-€60,504
Investment (derived)
+€195,226
Investment in fixed assets (net)
+€195,226
Financing
+€46,969
Debts after one year
-€50,000
Current portion of long-term debt
+€41,800
Short-term financial debts
+€55,169
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,098,078 | €1,895,636 | -€202,441 | -9.6% |
| Fixed assets | 21/28 | €1,748,678 | €1,462,715 | -€285,964 | -16.4% |
| Tangible fixed assets | 22/27 | €1,745,528 | €1,459,565 | -€285,964 | -16.4% |
| Land and buildings | 22 | €1,436,700 | €1,127,280 | -€309,420 | -21.5% |
| Plant, machinery and equipment | 23 | €204,840 | €243,600 | +€38,760 | +18.9% |
| Furniture and vehicles | 24 | €80,451 | €75,939 | -€4,512 | -5.6% |
| Leasing and similar rights | 25 | €8,758 | €5,150 | -€3,608 | -41.2% |
| Other tangible fixed assets | 26 | €14,780 | €7,596 | -€7,183 | -48.6% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €349,399 | €432,922 | +€83,522 | +23.9% |
| Amounts receivable within one year | 40/41 | €224,445 | €251,314 | +€26,869 | +12.0% |
| Trade receivables | 40 | €177,395 | €210,232 | +€32,837 | +18.5% |
| Other amounts receivable | 41 | €47,050 | €41,082 | -€5,968 | -12.7% |
| Cash at bank and in hand | 54/58 | €104,990 | - | -€104,990 | |
| Deferred charges and accrued income | 490/1 | €19,964 | €181,608 | +€161,644 | +810% |
| Total equity and liabilities | 10/49 | €2,098,078 | €1,895,636 | -€202,441 | -9.6% |
| Equity | 10/15 | €736,344 | €806,051 | +€69,706 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €514,228 | €514,228 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,000 | €33,000 | = | 0.0% |
| Distributable reserves | 133 | €479,368 | €479,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,516 | €273,223 | +€69,706 | +34.3% |
| Amounts payable | 17/49 | €1,361,733 | €1,089,585 | -€272,148 | -20.0% |
| Amounts payable after more than one year | 17 | €622,463 | €572,463 | -€50,000 | -8.0% |
| Financial debts | 170/4 | €622,463 | €572,463 | -€50,000 | -8.0% |
| Amounts payable within one year | 42/48 | €739,270 | €517,122 | -€222,148 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €6,246 | €48,046 | +€41,800 | +669% |
| Financial debts | 43 | €225,097 | €280,266 | +€55,169 | +24.5% |
| Credit institutions | 430/8 | €225,097 | €216,628 | -€8,469 | -3.8% |
| Other loans | 439 | - | €63,638 | +€63,638 | |
| Trade debts | 44 | €393,531 | €116,260 | -€277,271 | -70.5% |
| Suppliers | 440/4 | €393,531 | €116,260 | -€277,271 | -70.5% |
| Taxes, remuneration and social security | 45 | - | €18,659 | +€18,659 | |
| Taxes | 450/3 | - | €3,670 | +€3,670 | |
| Remuneration and social security | 454/9 | - | €14,989 | +€14,989 | |
| Other amounts payable | 47/48 | €114,395 | €53,890 | -€60,504 | -52.9% |
| Non-recurring operating income | 76A | - | €101,173 | +€101,173 | |
| Remuneration, social security and pensions | 62 | €300,542 | €396,296 | +€95,754 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,775 | €90,738 | +€31,963 | +54.4% |
| Other operating charges | 640/8 | €103,870 | €20,780 | -€83,090 | -80.0% |
| Non-recurring operating charges | 66A | - | €10,746 | +€10,746 | |
| Gross operating margin | 9900 | €544,025 | €639,291 | +€95,266 | +17.5% |
| Operating profit (loss) | 9901 | €80,838 | €120,731 | +€39,892 | +49.3% |
| Financial income | 75/76B | €122 | €94 | -€28 | -23.0% |
| Recurring financial income | 75 | €122 | €94 | -€28 | -23.0% |
| Financial charges | 65/66B | €18,675 | €27,622 | +€8,947 | +47.9% |
| Recurring financial charges | 65 | €18,675 | €27,622 | +€8,947 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | €62,285 | €93,202 | +€30,918 | +49.6% |
| Income taxes | 67/77 | €18,955 | €23,496 | +€4,541 | +24.0% |
| Profit (loss) for the period | 9904 | €43,330 | €69,706 | +€26,376 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,330 | €69,706 | +€26,376 | +60.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.