IMMAJO: what changed
What changed
IMMAJO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€6,193
2024 · €18,585-€12,392
Equity
-€12,505
2024 · -€18,698+€6,193
Cash
€8,987
2024 · €11,630-€2,644
Balance sheet total
€376,134
2024 · €122,160+€253,975
Largest movements
Assets
- Tangible fixed assets +€221,221
up €221,221 (+208%), from €106,547 to €327,769
of which Land and buildings: +€230,974
- Receivables within one year +€35,397
up €35,397 (+889%), from €3,982 to €39,379
of which Other amounts receivable: +€34,438
Equity and liabilities
- Debts after one year +€180,793
new in 2025: €180,793
- Trade debts +€51,671
up €51,671 (+2,084%), from €2,480 to €54,151
- Other debts +€15,876
up €15,876 (+11.7%), from €135,640 to €151,516
- Profit (loss) carried forward +€6,193
up €6,193 (+13.3%), from -€46,637 to -€40,445
Income statement
- Depreciation +€9,836
up €9,836 (+101%), from €9,752 to €19,589
- Financial charges +€2,331
up €2,331 (+291%), from €801 to €3,132
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.
Result 2024
€18,585
Gross operating margin
-€138
Depreciation
-€9,836
Other operating charges
-€87
Financial charges
-€2,331
Result 2025
€6,193
lowers the result
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.
From operations
+€55,434
Investment
-€240,810
Financing
+€182,733
Cash 2024
€11,630
From operations (derived)
+€55,434
Net result for the year
+€6,193
Depreciation
+€19,589
Receivables within one year
-€35,397
Trade debts
+€51,671
Tax, wage and social debts
-€2,498
Other debts
+€15,876
Investment (derived)
-€240,810
Investment in fixed assets (net)
-€240,810
Financing
+€182,733
Debts after one year
+€180,793
Current portion of long-term debt
+€1,940
Cash 2025
€8,987
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,160 | €376,134 | +€253,975 | +208% |
| Fixed assets | 21/28 | €106,547 | €327,769 | +€221,221 | +208% |
| Tangible fixed assets | 22/27 | €106,547 | €327,769 | +€221,221 | +208% |
| Land and buildings | 22 | €33,613 | €264,587 | +€230,974 | +687% |
| Plant, machinery and equipment | 23 | €72,934 | €63,181 | -€9,752 | -13.4% |
| Current assets | 29/58 | €15,613 | €48,366 | +€32,753 | +210% |
| Amounts receivable within one year | 40/41 | €3,982 | €39,379 | +€35,397 | +889% |
| Trade receivables | 40 | €3,630 | €4,588 | +€958 | +26.4% |
| Other amounts receivable | 41 | €352 | €34,790 | +€34,438 | +9,780% |
| Cash at bank and in hand | 54/58 | €11,630 | €8,987 | -€2,644 | -22.7% |
| Total equity and liabilities | 10/49 | €122,160 | €376,134 | +€253,975 | +208% |
| Equity | 10/15 | -€18,698 | -€12,505 | +€6,193 | +33.1% |
| Contributions | 10/11 | €26,700 | €26,700 | = | 0.0% |
| Reserves | 13 | €1,239 | €1,239 | = | 0.0% |
| Distributable reserves | 133 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,637 | -€40,445 | +€6,193 | +13.3% |
| Amounts payable | 17/49 | €140,858 | €388,639 | +€247,782 | +176% |
| Amounts payable after more than one year | 17 | - | €180,793 | +€180,793 | |
| Financial debts | 170/4 | - | €180,793 | +€180,793 | |
| Amounts payable within one year | 42/48 | €140,858 | €207,847 | +€66,989 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,940 | +€1,940 | |
| Trade debts | 44 | €2,480 | €54,151 | +€51,671 | +2,084% |
| Suppliers | 440/4 | €2,480 | €54,151 | +€51,671 | +2,084% |
| Taxes, remuneration and social security | 45 | €2,738 | €240 | -€2,498 | -91.2% |
| Taxes | 450/3 | €2,738 | €240 | -€2,498 | -91.2% |
| Other amounts payable | 47/48 | €135,640 | €151,516 | +€15,876 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,752 | €19,589 | +€9,836 | +101% |
| Other operating charges | 640/8 | €2,852 | €2,939 | +€87 | +3.1% |
| Gross operating margin | 9900 | €31,990 | €31,852 | -€138 | -0.4% |
| Operating profit (loss) | 9901 | €19,386 | €9,324 | -€10,062 | -51.9% |
| Financial charges | 65/66B | €801 | €3,132 | +€2,331 | +291% |
| Recurring financial charges | 65 | €801 | €3,132 | +€2,331 | +291% |
| Profit (loss) for the period before taxes | 9903 | €18,585 | €6,193 | -€12,392 | -66.7% |
| Profit (loss) for the period | 9904 | €18,585 | €6,193 | -€12,392 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,585 | €6,193 | -€12,392 | -66.7% |
Next steps
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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 4 November 2026 via checked.be.