IMDA PROJECTS: 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.
IMDA PROJECTS
Largest movements
- Financial fixed assets +€2,894
up €2,894 (+137.4%), from €2,106 to €5,000
- Receivables within one year -€1,367
down €1,367 (-33.1%), from €4,131 to €2,764
of which Trade receivables: -€928
- Stocks and contracts -€1,099
down €1,099 (-73.6%), from €1,492 to €394
- Cash +€1,073
up €1,073 (+8.9%), from €12,097 to €13,170
mainly Net result for the year (+€5,172) and Other debts (+€2,351)
- Tangible fixed assets +€859
up €859 (+47.1%), from €1,824 to €2,682
of which Furniture and vehicles: +€1,352
- Profit (loss) carried forward +€5,172
up €5,172 (+24.5%), from -€21,127 to -€15,955
- Tax, wage and social debts -€4,162
down €4,162 (-99.3%), from €4,193 to €31
of which Taxes: -€2,193
- Other debts +€2,351
up €2,351 (+13.6%), from €17,251 to €19,601
- Trade debts -€1,125
down €1,125 (-46.5%), from €2,422 to €1,296
- Gross operating margin +€4,127
up €4,127 (+85.9%), from €4,804 to €8,930
- Financial charges -€90
down €90 (-4.7%), from €1,909 to €1,819
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 | €22,052 | €24,288 | +€2,236 | +10.1% |
| Fixed assets | 21/28 | €3,930 | €7,682 | +€3,752 | +95.5% |
| Tangible fixed assets | 22/27 | €1,824 | €2,682 | +€859 | +47.1% |
| Plant, machinery and equipment | 23 | €1,223 | €729 | -€493 | -40.4% |
| Furniture and vehicles | 24 | €601 | €1,953 | +€1,352 | +224.9% |
| Financial fixed assets | 28 | €2,106 | €5,000 | +€2,894 | +137.4% |
| Current assets | 29/58 | €18,122 | €16,606 | -€1,516 | -8.4% |
| Stocks and contracts in progress | 3 | €1,492 | €394 | -€1,099 | -73.6% |
| Stocks | 30/36 | €1,492 | €394 | -€1,099 | -73.6% |
| Amounts receivable within one year | 40/41 | €4,131 | €2,764 | -€1,367 | -33.1% |
| Trade receivables | 40 | €3,428 | €2,500 | -€928 | -27.1% |
| Other amounts receivable | 41 | €703 | €264 | -€439 | -62.5% |
| Cash at bank and in hand | 54/58 | €12,097 | €13,170 | +€1,073 | +8.9% |
| Deferred charges and accrued income | 490/1 | €402 | €278 | -€124 | -30.8% |
| Total equity and liabilities | 10/49 | €22,052 | €24,288 | +€2,236 | +10.1% |
| Equity | 10/15 | -€1,813 | €3,359 | +€5,172 | |
| Contributions | 10/11 | €19,314 | €19,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,127 | -€15,955 | +€5,172 | +24.5% |
| Amounts payable | 17/49 | €23,865 | €20,929 | -€2,936 | -12.3% |
| Amounts payable within one year | 42/48 | €23,865 | €20,929 | -€2,936 | -12.3% |
| Trade debts | 44 | €2,422 | €1,296 | -€1,125 | -46.5% |
| Suppliers | 440/4 | €2,422 | €1,296 | -€1,125 | -46.5% |
| Taxes, remuneration and social security | 45 | €4,193 | €31 | -€4,162 | -99.3% |
| Taxes | 450/3 | €2,193 | - | -€2,193 | |
| Remuneration and social security | 454/9 | €2,000 | €31 | -€1,969 | -98.4% |
| Other amounts payable | 47/48 | €17,251 | €19,601 | +€2,351 | +13.6% |
| Remuneration, social security and pensions | 62 | - | €48 | +€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434 | €1,491 | +€57 | +4.0% |
| Other operating charges | 640/8 | €447 | €400 | -€47 | -10.6% |
| Gross operating margin | 9900 | €4,804 | €8,930 | +€4,127 | +85.9% |
| Operating profit (loss) | 9901 | €2,922 | €6,992 | +€4,070 | +139.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.2% |
| Financial charges | 65/66B | €1,909 | €1,819 | -€90 | -4.7% |
| Recurring financial charges | 65 | €1,909 | €1,819 | -€90 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €1,014 | €5,172 | +€4,158 | +410.2% |
| Profit (loss) for the period | 9904 | €1,014 | €5,172 | +€4,158 | +410.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,014 | €5,172 | +€4,158 | +410.2% |
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 11 October 2026 via checked.be.