IMMA: 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.
IMMA
Largest movements
- Receivables within one year +€2,601
up €2,601 (+30.9%), from €8,404 to €11,005
of which Trade receivables: +€2,400
- Cash +€1,085
up €1,085 (+947.8%), from €115 to €1,200
mainly Short-term financial debts (+€4,000) and Net result for the year (+€331)
- Short-term financial debts +€4,000
up €4,000 (+80.9%), from €4,943 to €8,943
- Trade debts -€645
no longer reported in 2025 (was €645)
- Gross operating margin +€392
up €392 (+52.4%), from €748 to €1,139
- Taxes +€321
up €321 (+258.9%), from €124 to €445
- Other operating charges -€118
down €118 (-28.8%), from €408 to €290
- Financial income -€22
down €22 (-9.8%), from €223 to €201
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 | €33,618 | €37,304 | +€3,686 | +11.0% |
| Fixed assets | 21/28 | €25,099 | €25,099 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,099 | €25,099 | = | 0.0% |
| Land and buildings | 22 | €25,099 | €25,099 | = | 0.0% |
| Current assets | 29/58 | €8,519 | €12,205 | +€3,686 | +43.3% |
| Amounts receivable within one year | 40/41 | €8,404 | €11,005 | +€2,601 | +30.9% |
| Trade receivables | 40 | €4,800 | €7,200 | +€2,400 | +50.0% |
| Other amounts receivable | 41 | €3,604 | €3,805 | +€201 | +5.6% |
| Cash at bank and in hand | 54/58 | €115 | €1,200 | +€1,085 | +947.8% |
| Total equity and liabilities | 10/49 | €33,618 | €37,304 | +€3,686 | +11.0% |
| Equity | 10/15 | €25,853 | €26,183 | +€331 | +1.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,120 | -€35,790 | +€331 | +0.9% |
| Amounts payable | 17/49 | €7,765 | €11,121 | +€3,355 | +43.2% |
| Amounts payable after more than one year | 17 | €2,178 | €2,178 | = | 0.0% |
| Other amounts payable | 178/9 | €2,178 | €2,178 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,588 | €8,943 | +€3,355 | +60.0% |
| Financial debts | 43 | €4,943 | €8,943 | +€4,000 | +80.9% |
| Other loans | 439 | €4,943 | €8,943 | +€4,000 | +80.9% |
| Trade debts | 44 | €645 | - | -€645 | |
| Suppliers | 440/4 | €645 | - | -€645 | |
| Other operating charges | 640/8 | €408 | €290 | -€118 | -28.8% |
| Gross operating margin | 9900 | €748 | €1,139 | +€392 | +52.4% |
| Operating profit (loss) | 9901 | €340 | €849 | +€509 | +149.7% |
| Financial income | 75/76B | €223 | €201 | -€22 | -9.8% |
| Recurring financial income | 75 | €223 | €201 | -€22 | -9.8% |
| Financial charges | 65/66B | €274 | €274 | -€0 | 0.0% |
| Recurring financial charges | 65 | €274 | €274 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €288 | €776 | +€487 | +169.0% |
| Income taxes | 67/77 | €124 | €445 | +€321 | +258.9% |
| Profit (loss) for the period | 9904 | €164 | €331 | +€166 | +101.2% |
| Profit (loss) for the period to be appropriated | 9905 | €164 | €331 | +€166 | +101.2% |
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.