IMMAESTRIA: what changed
IMMAESTRIA
Largest movements
- Cash +€906
up €906 (+61.8%), from €1,467 to €2,374
mainly Other debts (+€31,268) and Depreciation (+€750)
- Tangible fixed assets -€750
down €750 (-54.6%), from €1,372 to €622
- Receivables within one year +€257
up €257 (+10.8%), from €2,384 to €2,641
of which Other amounts receivable: +€257
- Other debts +€31,268
up €31,268 (+36.5%), from €85,641 to €116,909
- Profit (loss) carried forward -€30,243
down €30,243 (-16.1%), from -€187,948 to -€218,191
- Trade debts -€612
down €612 (-8.1%), from €7,530 to €6,918
- Purchases and services -€579,959
down €579,959 (-97.4%), from €595,573 to €15,613
- Turnover -€492,000
no longer reported in 2025 (was €492,000)
- Gross operating margin +€67,959
up €67,959 (+81.3%), from -€83,573 to -€15,613
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,223 | €5,637 | +€414 | +7.9% |
| Fixed assets | 21/28 | €1,372 | €622 | -€750 | -54.6% |
| Tangible fixed assets | 22/27 | €1,372 | €622 | -€750 | -54.6% |
| Furniture and vehicles | 24 | €1,372 | €622 | -€750 | -54.6% |
| Current assets | 29/58 | €3,851 | €5,015 | +€1,164 | +30.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,384 | €2,641 | +€257 | +10.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,384 | €2,641 | +€257 | +10.8% |
| Cash at bank and in hand | 54/58 | €1,467 | €2,374 | +€906 | +61.8% |
| Total equity and liabilities | 10/49 | €5,223 | €5,637 | +€414 | +7.9% |
| Equity | 10/15 | -€87,948 | -€118,191 | -€30,243 | -34.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,948 | -€218,191 | -€30,243 | -16.1% |
| Amounts payable | 17/49 | €93,171 | €123,827 | +€30,657 | +32.9% |
| Amounts payable within one year | 42/48 | €93,171 | €123,827 | +€30,657 | +32.9% |
| Trade debts | 44 | €7,530 | €6,918 | -€612 | -8.1% |
| Suppliers | 440/4 | €7,530 | €6,918 | -€612 | -8.1% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €85,641 | €116,909 | +€31,268 | +36.5% |
| Turnover | 70 | €492,000 | - | -€492,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €595,573 | €15,613 | -€579,959 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €968 | €750 | -€219 | -22.6% |
| Non-recurring operating charges | 66A | - | €7,705 | +€7,705 | |
| Gross operating margin | 9900 | -€83,573 | -€15,613 | +€67,959 | +81.3% |
| Operating profit (loss) | 9901 | -€84,541 | -€24,068 | +€60,473 | +71.5% |
| Financial charges | 65/66B | €7,021 | €6,175 | -€847 | -12.1% |
| Recurring financial charges | 65 | €7,021 | €6,175 | -€847 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€91,562 | -€30,243 | +€61,320 | +67.0% |
| Profit (loss) for the period | 9904 | -€91,562 | -€30,243 | +€61,320 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,562 | -€30,243 | +€61,320 | +67.0% |
Next steps
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 7 November 2026 via checked.be.