Imda: 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.
What changed
Imda
NACE 25.631, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,771
2024 · €8,320-€11,091
Equity
€1.5m
2024 · €1.5m-€2,771
Cash
€93,221
2024 · €88,367+€4,854
Balance sheet total
€10.7m
2024 · €11.2m-€567,139
Largest movements
Assets
- Tangible fixed assets -€799,969
down €799,969 (-13.8%), from €5.8m to €5.0m
of which Leasing and similar rights: -€737,352
- Stocks and contracts +€549,969
up €549,969 (+59.5%), from €924,433 to €1.5m
of which Contracts in progress: +€298,636
- Receivables within one year -€312,984
down €312,984 (-13.1%), from €2.4m to €2.1m
of which Trade receivables: -€318,621
Equity and liabilities
- Debts after one year -€1.0m
down €1.0m (-28.7%), from €3.7m to €2.6m
- Short-term financial debts +€231,443
up €231,443 (+23.5%), from €983,446 to €1.2m
- Trade debts +€187,684
up €187,684 (+7.0%), from €2.7m to €2.9m
Income statement
- Turnover -€840,341
down €840,341 (-3.4%), from €24.8m to €23.9m
- Goods and materials -€442,068
down €442,068 (-2.9%), from €15.1m to €14.6m
of which Purchases: -€563,256
- Services and other goods +€275,499
up €275,499 (+8.8%), from €3.1m to €3.4m
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.
Result 2024
€8,320
Turnover
-€840,341
Other operating income
+€42,319
Goods and materials
+€442,068
Services and other goods
-€275,499
Staff costs
-€177,934
Depreciation
+€130,280
Other operating charges
+€668
Other operating items
+€652,111
Financial income
+€6,113
Financial charges
+€3,651
Taxes
+€5,473
Result 2025
-€2,771
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.
From operations
+€1.5m
Investment
-€788,260
Financing
-€741,921
Cash 2024
€88,367
From operations (derived)
+€1.5m
Net result for the year
-€2,771
Depreciation
+€1.6m
Stocks and contracts
-€549,969
Receivables within one year
+€312,984
Smaller working-capital items
+€896
Trade debts
+€187,684
Tax, wage and social debts
-€8,176
Advances received
+€15,194
Other debts
-€16,286
Investment (derived)
-€788,260
Investment in fixed assets (net)
-€788,260
Financing
-€741,921
Debts after one year
-€1.0m
Current portion of long-term debt
+€74,840
Short-term financial debts
+€231,443
Cash 2025
€93,221
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,229,016 | €10,661,877 | -€567,139 | -5.1% |
| Fixed assets | 21/28 | €7,821,486 | €7,014,266 | -€807,220 | -10.3% |
| Intangible fixed assets | 21 | €45,845 | €28,595 | -€17,251 | -37.6% |
| Tangible fixed assets | 22/27 | €5,785,641 | €4,985,672 | -€799,969 | -13.8% |
| Land and buildings | 22 | €1,272,482 | €1,191,560 | -€80,923 | -6.4% |
| Plant, machinery and equipment | 23 | €557,436 | €606,284 | +€48,848 | +8.8% |
| Furniture and vehicles | 24 | €94,267 | €68,570 | -€25,697 | -27.3% |
| Leasing and similar rights | 25 | €3,851,904 | €3,114,551 | -€737,352 | -19.1% |
| Other tangible fixed assets | 26 | €9,552 | €4,707 | -€4,845 | -50.7% |
| Financial fixed assets | 28 | €1,990,000 | €2,000,000 | +€10,000 | +0.5% |
| Affiliated companies | 280/1 | €1,990,000 | €2,000,000 | +€10,000 | +0.5% |
| Participating interests | 280 | €1,990,000 | €2,000,000 | +€10,000 | +0.5% |
| Current assets | 29/58 | €3,407,530 | €3,647,611 | +€240,081 | +7.0% |
| Stocks and contracts in progress | 3 | €924,433 | €1,474,402 | +€549,969 | +59.5% |
| Stocks | 30/36 | €747,292 | €998,625 | +€251,333 | +33.6% |
| Raw materials and consumables | 30/31 | €747,292 | €760,474 | +€13,182 | +1.8% |
| Finished goods | 33 | - | €238,151 | +€238,151 | |
| Contracts in progress | 37 | €177,141 | €475,777 | +€298,636 | +168.6% |
| Amounts receivable within one year | 40/41 | €2,383,228 | €2,070,244 | -€312,984 | -13.1% |
| Trade receivables | 40 | €2,217,141 | €1,898,521 | -€318,621 | -14.4% |
| Other amounts receivable | 41 | €166,087 | €171,724 | +€5,637 | +3.4% |
| Cash at bank and in hand | 54/58 | €88,367 | €93,221 | +€4,854 | +5.5% |
| Deferred charges and accrued income | 490/1 | €11,501 | €9,743 | -€1,758 | -15.3% |
| Total equity and liabilities | 10/49 | €11,229,016 | €10,661,877 | -€567,139 | -5.1% |
| Equity | 10/15 | €1,543,456 | €1,540,685 | -€2,771 | -0.2% |
| Contributions | 10/11 | €106,000 | €106,000 | = | 0.0% |
| Capital | 10 | €106,000 | €106,000 | = | 0.0% |
| Issued capital | 100 | €106,000 | €106,000 | = | 0.0% |
| Revaluation surpluses | 12 | €254,145 | €238,718 | -€15,428 | -6.1% |
| Reserves | 13 | €198,709 | €214,137 | +€15,428 | +7.8% |
| Non-distributable reserves | 130/1 | €10,600 | €10,600 | = | 0.0% |
| Legal reserve | 130 | €10,600 | €10,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €185,134 | €200,562 | +€15,428 | +8.3% |
| Profit (loss) carried forward | 14 | €984,602 | €981,831 | -€2,771 | -0.3% |
| Amounts payable | 17/49 | €9,685,560 | €9,121,192 | -€564,368 | -5.8% |
| Amounts payable after more than one year | 17 | €3,657,812 | €2,609,610 | -€1.0m | -28.7% |
| Financial debts | 170/4 | €3,657,812 | €2,609,610 | -€1.0m | -28.7% |
| Leasing and similar obligations | 172 | €2,411,978 | €1,873,457 | -€538,521 | -22.3% |
| Credit institutions | 173 | €1,245,834 | €736,152 | -€509,682 | -40.9% |
| Amounts payable within one year | 42/48 | €6,025,299 | €6,509,997 | +€484,697 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €1,317,800 | €1,392,639 | +€74,840 | +5.7% |
| Financial debts | 43 | €983,446 | €1,214,888 | +€231,443 | +23.5% |
| Credit institutions | 430/8 | €983,446 | €1,214,888 | +€231,443 | +23.5% |
| Trade debts | 44 | €2,669,206 | €2,856,890 | +€187,684 | +7.0% |
| Suppliers | 440/4 | €2,669,206 | €2,856,890 | +€187,684 | +7.0% |
| Advances received on contracts in progress | 46 | €171,013 | €186,207 | +€15,194 | +8.9% |
| Taxes, remuneration and social security | 45 | €853,692 | €845,516 | -€8,176 | -1.0% |
| Taxes | 450/3 | €74,803 | €33,279 | -€41,524 | -55.5% |
| Remuneration and social security | 454/9 | €778,889 | €812,237 | +€33,348 | +4.3% |
| Other amounts payable | 47/48 | €30,143 | €13,857 | -€16,286 | -54.0% |
| Accrued charges and deferred income | 492/3 | €2,448 | €1,586 | -€862 | -35.2% |
| Operating income | 70/76A | €24,817,582 | €24,671,672 | -€145,911 | -0.6% |
| Turnover | 70 | €24,765,425 | €23,925,084 | -€840,341 | -3.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€118,039 | €536,787 | +€654,826 | |
| Other operating income | 74 | €167,482 | €209,801 | +€42,319 | +25.3% |
| Non-recurring operating income | 76A | €2,715 | €0 | -€2,715 | -100.0% |
| Operating charges | 60/66A | €24,577,750 | €24,458,167 | -€119,582 | -0.5% |
| Goods for resale, raw materials and consumables | 60 | €15,057,322 | €14,615,255 | -€442,068 | -2.9% |
| Purchases | 600/8 | €15,191,692 | €14,628,437 | -€563,256 | -3.7% |
| Change in stocks: decrease (increase) | 609 | -€134,370 | -€13,182 | +€121,188 | +90.2% |
| Services and other goods | 61 | €3,142,945 | €3,418,444 | +€275,499 | +8.8% |
| Remuneration, social security and pensions | 62 | €4,625,814 | €4,803,747 | +€177,934 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,725,760 | €1,595,480 | -€130,280 | -7.5% |
| Other operating charges | 640/8 | €24,194 | €23,526 | -€668 | -2.8% |
| Non-recurring operating charges | 66A | €1,716 | €1,716 | = | 0.0% |
| Operating profit (loss) | 9901 | €239,833 | €213,504 | -€26,328 | -11.0% |
| Financial income | 75/76B | €4,940 | €11,054 | +€6,113 | +123.7% |
| Recurring financial income | 75 | €4,940 | €11,054 | +€6,113 | +123.7% |
| Income from current assets | 751 | €2,247 | €2,362 | +€115 | +5.1% |
| Other financial income | 752/9 | €2,694 | €8,692 | +€5,999 | +222.7% |
| Financial charges | 65/66B | €184,681 | €181,030 | -€3,651 | -2.0% |
| Recurring financial charges | 65 | €184,681 | €181,030 | -€3,651 | -2.0% |
| Debt charges | 650 | €168,379 | €154,205 | -€14,174 | -8.4% |
| Other financial charges | 652/9 | €16,302 | €26,825 | +€10,523 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €60,092 | €43,528 | -€16,564 | -27.6% |
| Income taxes | 67/77 | €51,772 | €46,299 | -€5,473 | -10.6% |
| Taxes | 670/3 | €54,000 | €46,299 | -€7,701 | -14.3% |
| Tax adjustments and reversals of tax provisions | 77 | €2,228 | €0 | -€2,228 | -100.0% |
| Profit (loss) for the period | 9904 | €8,320 | -€2,771 | -€11,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,320 | -€2,771 | -€11,091 |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.