Immaf: 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.
Immaf
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€4,573
down €4,573 (-33.7%), from €13,579 to €9,007
- Profit (loss) carried forward +€2,614
up €2,614, from -€1,209 to €1,405
- Tax, wage and social debts +€2,144
up €2,144 (+2.3%), from €93,516 to €95,660
- Gross operating margin -€2,850
down €2,850 (-33.8%), from €8,433 to €5,583
- Taxes +€1,038
up €1,038 (+70.8%), from €1,466 to €2,503
- Financial charges -€566
down €566 (-87.8%), from €644 to €79
- Other operating charges -€523
down €523 (-57.4%), from €910 to €387
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 | €183,671 | €184,998 | +€1,327 | +0.7% |
| Fixed assets | 21/28 | €40,380 | €40,380 | = | 0.0% |
| Financial fixed assets | 28 | €40,380 | €40,380 | = | 0.0% |
| Current assets | 29/58 | €143,291 | €144,618 | +€1,327 | +0.9% |
| Amounts receivable within one year | 40/41 | €143,291 | €143,638 | +€348 | +0.2% |
| Trade receivables | 40 | €32,844 | €29,841 | -€3,003 | -9.1% |
| Other amounts receivable | 41 | €110,446 | €113,797 | +€3,351 | +3.0% |
| Cash at bank and in hand | 54/58 | €0 | €980 | +€980 | +489,890% |
| Total equity and liabilities | 10/49 | €183,671 | €184,998 | +€1,327 | +0.7% |
| Equity | 10/15 | €75,596 | €78,210 | +€2,614 | +3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €14,804 | €14,804 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €8,604 | €8,604 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,209 | €1,405 | +€2,614 | |
| Amounts payable | 17/49 | €108,075 | €106,789 | -€1,287 | -1.2% |
| Amounts payable within one year | 42/48 | €108,075 | €106,789 | -€1,287 | -1.2% |
| Trade debts | 44 | €980 | €2,122 | +€1,142 | +117% |
| Suppliers | 440/4 | €980 | €120 | -€860 | -87.8% |
| Bills of exchange payable | 441 | - | €2,002 | +€2,002 | |
| Taxes, remuneration and social security | 45 | €93,516 | €95,660 | +€2,144 | +2.3% |
| Taxes | 450/3 | €93,516 | €95,660 | +€2,144 | +2.3% |
| Other amounts payable | 47/48 | €13,579 | €9,007 | -€4,573 | -33.7% |
| Other operating charges | 640/8 | €910 | €387 | -€523 | -57.4% |
| Gross operating margin | 9900 | €8,433 | €5,583 | -€2,850 | -33.8% |
| Operating profit (loss) | 9901 | €7,523 | €5,196 | -€2,327 | -30.9% |
| Financial charges | 65/66B | €644 | €79 | -€566 | -87.8% |
| Recurring financial charges | 65 | €644 | €79 | -€566 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €6,879 | €5,117 | -€1,762 | -25.6% |
| Income taxes | 67/77 | €1,466 | €2,503 | +€1,038 | +70.8% |
| Profit (loss) for the period | 9904 | €5,413 | €2,614 | -€2,799 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,413 | €2,614 | -€2,799 | -51.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.