IMBALI METALS: 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.
IMBALI METALS
Largest movements
- Cash -€3.9m
down €3.9m (-55.1%), from €7.0m to €3.2m
mainly Current portion of long-term debt (-€4.5m) and Net result for the year (-€393,808)
- Stocks and contracts -€1.1m
down €1.1m (-41.6%), from €2.6m to €1.5m
- Receivables within one year -€103,690
down €103,690 (-32.2%), from €322,178 to €218,489
of which Trade receivables: -€87,022
- Current portion of long-term debt -€4.5m
down €4.5m (-100%), from €4.5m to €0
- Profit (loss) carried forward -€393,808
down €393,808 (-7.6%), from €5.2m to €4.8m
- Trade debts -€114,282
down €114,282 (-94.2%), from €121,362 to €7,079
- Gross operating margin +€364,698
up €364,698 (+45.7%), from -€797,400 to -€432,703
- Financial charges -€175,007
down €175,007 (-90.7%), from €193,008 to €18,001
- Financial income -€34,482
down €34,482 (-36.3%), from €94,998 to €60,516
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 | €9,913,861 | €4,873,346 | -€5.0m | -50.8% |
| Fixed assets | 21/28 | €30 | €0 | -€30 | -100% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €30 | €0 | -€30 | -100% |
| Current assets | 29/58 | €9,913,831 | €4,873,346 | -€5.0m | -50.8% |
| Stocks and contracts in progress | 3 | €2,562,698 | €1,496,892 | -€1.1m | -41.6% |
| Stocks | 30/36 | €2,562,698 | €1,496,892 | -€1.1m | -41.6% |
| Amounts receivable within one year | 40/41 | €322,178 | €218,489 | -€103,690 | -32.2% |
| Trade receivables | 40 | €297,475 | €210,453 | -€87,022 | -29.3% |
| Other amounts receivable | 41 | €24,704 | €8,035 | -€16,668 | -67.5% |
| Cash at bank and in hand | 54/58 | €7,028,955 | €3,157,965 | -€3.9m | -55.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €9,913,861 | €4,873,346 | -€5.0m | -50.8% |
| Equity | 10/15 | €5,223,568 | €4,829,760 | -€393,808 | -7.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,203,163 | €4,809,355 | -€393,808 | -7.6% |
| Amounts payable | 17/49 | €4,690,293 | €43,587 | -€4.6m | -99.1% |
| Amounts payable within one year | 42/48 | €4,647,873 | €7,079 | -€4.6m | -99.8% |
| Current portion of amounts payable after more than one year | 42 | €4,526,512 | €0 | -€4.5m | -100% |
| Trade debts | 44 | €121,362 | €7,079 | -€114,282 | -94.2% |
| Suppliers | 440/4 | €121,362 | €7,079 | -€114,282 | -94.2% |
| Accrued charges and deferred income | 492/3 | €42,419 | €36,507 | -€5,912 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €528 | €0 | -€528 | -100% |
| Other operating charges | 640/8 | €3,532 | €3,620 | +€88 | +2.5% |
| Gross operating margin | 9900 | -€797,400 | -€432,703 | +€364,698 | +45.7% |
| Operating profit (loss) | 9901 | -€801,461 | -€436,323 | +€365,138 | +45.6% |
| Financial income | 75/76B | €94,998 | €60,516 | -€34,482 | -36.3% |
| Recurring financial income | 75 | €94,998 | €60,516 | -€34,482 | -36.3% |
| Financial charges | 65/66B | €193,008 | €18,001 | -€175,007 | -90.7% |
| Recurring financial charges | 65 | €193,008 | €18,001 | -€175,007 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | -€899,471 | -€393,808 | +€505,663 | +56.2% |
| Income taxes | 67/77 | -€3,453 | €0 | +€3,453 | |
| Profit (loss) for the period | 9904 | -€896,018 | -€393,808 | +€502,210 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€896,018 | -€393,808 | +€502,210 | +56.0% |
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.