IMMALEC: what changed
Two fiscal 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.
IMMALEC
Largest movements
- Cash +€16,887
up €16,887 (+22.3%), from €75,718 to €92,606
mainly Net result for the year (+€11,111) and Tax, wage and social debts (+€5,560)
- Reserves +€11,111
up €11,111 (+4.5%), from €246,650 to €257,761
- Tax, wage and social debts +€5,560
up €5,560 (+3.9%), from €142,597 to €148,157
- Gross operating margin -€559,924
down €559,924 (-96.4%), from €580,740 to €20,816
- Taxes -€137,037
down €137,037 (-96.1%), from €142,597 to €5,560
- Depreciation -€10,466
down €10,466 (-85.9%), from €12,189 to €1,723
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 | €487,706 | €502,869 | +€15,164 | +3.1% |
| Fixed assets | 21/28 | €122,412 | €120,688 | -€1,723 | -1.4% |
| Tangible fixed assets | 22/27 | €122,412 | €120,688 | -€1,723 | -1.4% |
| Land and buildings | 22 | €122,255 | €120,688 | -€1,567 | -1.3% |
| Plant, machinery and equipment | 23 | €156 | €0 | -€156 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €365,294 | €382,181 | +€16,887 | +4.6% |
| Amounts receivable within one year | 40/41 | €289,576 | €289,576 | = | 0.0% |
| Other amounts receivable | 41 | €289,576 | €289,576 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €75,718 | €92,606 | +€16,887 | +22.3% |
| Total equity and liabilities | 10/49 | €487,706 | €502,869 | +€15,164 | +3.1% |
| Equity | 10/15 | €308,623 | €319,735 | +€11,111 | +3.6% |
| 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% |
| Reserves | 13 | €246,650 | €257,761 | +€11,111 | +4.5% |
| Distributable reserves | 133 | €246,650 | €257,761 | +€11,111 | +4.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €179,082 | €183,135 | +€4,052 | +2.3% |
| Amounts payable within one year | 42/48 | €179,082 | €183,135 | +€4,052 | +2.3% |
| Trade debts | 44 | €1,508 | €0 | -€1,508 | -100.0% |
| Suppliers | 440/4 | €1,508 | €0 | -€1,508 | -100.0% |
| Taxes, remuneration and social security | 45 | €142,597 | €148,157 | +€5,560 | +3.9% |
| Taxes | 450/3 | €142,597 | €148,157 | +€5,560 | +3.9% |
| Other amounts payable | 47/48 | €34,978 | €34,978 | = | 0.0% |
| Non-recurring operating income | 76A | €558,099 | €0 | -€558,099 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,189 | €1,723 | -€10,466 | -85.9% |
| Other operating charges | 640/8 | €5,092 | €2,317 | -€2,776 | -54.5% |
| Gross operating margin | 9900 | €580,740 | €20,816 | -€559,924 | -96.4% |
| Operating profit (loss) | 9901 | €563,459 | €16,776 | -€546,682 | -97.0% |
| Financial charges | 65/66B | €109 | €104 | -€5 | -4.4% |
| Recurring financial charges | 65 | €109 | €104 | -€5 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €563,349 | €16,672 | -€546,678 | -97.0% |
| Income taxes | 67/77 | €142,597 | €5,560 | -€137,037 | -96.1% |
| Profit (loss) for the period | 9904 | €420,752 | €11,111 | -€409,641 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €420,752 | €11,111 | -€409,641 | -97.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.