IMMAMAY: 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.
IMMAMAY
Largest movements
- Tangible fixed assets -€20,862
down €20,862 (-4.4%), from €477,747 to €456,885
- Debts after one year -€31,613
down €31,613 (-8.3%), from €378,724 to €347,112
- Profit (loss) carried forward +€17,487
up €17,487 (+55.8%), from €31,328 to €48,815
- Gross operating margin +€3,172
up €3,172 (+5.7%), from €55,728 to €58,900
- Financial charges -€1,454
down €1,454 (-15.8%), from €9,193 to €7,739
- Taxes +€882
up €882 (+17.5%), from €5,048 to €5,930
- Other operating charges +€794
up €794 (+13.0%), from €6,088 to €6,882
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 | €478,565 | €461,335 | -€17,230 | -3.6% |
| Fixed assets | 21/28 | €477,747 | €456,885 | -€20,862 | -4.4% |
| Tangible fixed assets | 22/27 | €477,747 | €456,885 | -€20,862 | -4.4% |
| Land and buildings | 22 | €477,747 | €456,885 | -€20,862 | -4.4% |
| Current assets | 29/58 | €818 | €4,450 | +€3,632 | +444.0% |
| Amounts receivable within one year | 40/41 | €152 | €152 | = | 0.0% |
| Other amounts receivable | 41 | €152 | €152 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €666 | €4,298 | +€3,632 | +545.4% |
| Total equity and liabilities | 10/49 | €478,565 | €461,335 | -€17,230 | -3.6% |
| Equity | 10/15 | €36,328 | €53,815 | +€17,487 | +48.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,328 | €48,815 | +€17,487 | +55.8% |
| Amounts payable | 17/49 | €442,237 | €407,520 | -€34,717 | -7.9% |
| Amounts payable after more than one year | 17 | €378,724 | €347,112 | -€31,613 | -8.3% |
| Financial debts | 170/4 | €378,724 | €347,112 | -€31,613 | -8.3% |
| Amounts payable within one year | 42/48 | €61,517 | €59,352 | -€2,165 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €31,087 | €31,613 | +€526 | +1.7% |
| Trade debts | 44 | €432 | €20 | -€412 | -95.3% |
| Suppliers | 440/4 | €432 | €20 | -€412 | -95.3% |
| Taxes, remuneration and social security | 45 | €5,149 | €874 | -€4,274 | -83.0% |
| Taxes | 450/3 | €5,149 | €874 | -€4,274 | -83.0% |
| Other amounts payable | 47/48 | €24,850 | €26,845 | +€1,995 | +8.0% |
| Accrued charges and deferred income | 492/3 | €1,995 | €1,056 | -€939 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,862 | €20,862 | = | 0.0% |
| Other operating charges | 640/8 | €6,088 | €6,882 | +€794 | +13.0% |
| Gross operating margin | 9900 | €55,728 | €58,900 | +€3,172 | +5.7% |
| Operating profit (loss) | 9901 | €28,778 | €31,156 | +€2,378 | +8.3% |
| Financial income | 75/76B | €85 | €0 | -€85 | -100.0% |
| Recurring financial income | 75 | €85 | €0 | -€85 | -100.0% |
| Financial charges | 65/66B | €9,193 | €7,739 | -€1,454 | -15.8% |
| Recurring financial charges | 65 | €9,193 | €7,739 | -€1,454 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €19,670 | €23,417 | +€3,747 | +19.0% |
| Income taxes | 67/77 | €5,048 | €5,930 | +€882 | +17.5% |
| Profit (loss) for the period | 9904 | €14,622 | €17,487 | +€2,865 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,622 | €17,487 | +€2,865 | +19.6% |
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.