IMMAS: 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.
IMMAS
Largest movements
- Tangible fixed assets +€12,000
up €12,000 (+3.4%), from €350,016 to €362,016
of which Land and buildings: +€10,446
- Debts after one year -€30,451
down €30,451 (-49.6%), from €61,337 to €30,886
- Other debts +€18,195
up €18,195 (+16.2%), from €112,213 to €130,408
- Trade debts +€12,259
up €12,259 (+34,054%), from €36 to €12,295
- Profit (loss) carried forward +€10,344
up €10,344 (+13.7%), from €75,780 to €86,124
- Gross operating margin -€6,244
down €6,244 (-11.3%), from €55,153 to €48,909
- Taxes -€1,683
down €1,683 (-57.6%), from €2,921 to €1,238
- Depreciation -€767
down €767 (-2.5%), from €30,985 to €30,217
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 | €359,714 | €370,208 | +€10,494 | +2.9% |
| Fixed assets | 21/28 | €350,388 | €362,387 | +€12,000 | +3.4% |
| Tangible fixed assets | 22/27 | €350,016 | €362,016 | +€12,000 | +3.4% |
| Land and buildings | 22 | €349,923 | €360,369 | +€10,446 | +3.0% |
| Plant, machinery and equipment | 23 | €93 | €1,647 | +€1,554 | +1,671% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €9,327 | €7,821 | -€1,506 | -16.1% |
| Cash at bank and in hand | 54/58 | €6,513 | €5,230 | -€1,284 | -19.7% |
| Deferred charges and accrued income | 490/1 | €2,813 | €2,591 | -€222 | -7.9% |
| Total equity and liabilities | 10/49 | €359,714 | €370,208 | +€10,494 | +2.9% |
| Equity | 10/15 | €151,275 | €161,619 | +€10,344 | +6.8% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €1,127 | €1,127 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,127 | €1,127 | = | 0.0% |
| Legal reserve | 130 | €1,127 | €1,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,780 | €86,124 | +€10,344 | +13.7% |
| Amounts payable | 17/49 | €208,439 | €208,589 | +€150 | +0.1% |
| Amounts payable after more than one year | 17 | €61,337 | €30,886 | -€30,451 | -49.6% |
| Financial debts | 170/4 | €61,337 | €30,886 | -€30,451 | -49.6% |
| Amounts payable within one year | 42/48 | €147,102 | €177,703 | +€30,601 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €30,022 | €30,451 | +€429 | +1.4% |
| Trade debts | 44 | €36 | €12,295 | +€12,259 | +34,054% |
| Suppliers | 440/4 | €36 | €12,295 | +€12,259 | +34,054% |
| Taxes, remuneration and social security | 45 | €4,831 | €4,549 | -€282 | -5.8% |
| Taxes | 450/3 | €4,831 | €4,549 | -€282 | -5.8% |
| Other amounts payable | 47/48 | €112,213 | €130,408 | +€18,195 | +16.2% |
| Non-recurring operating income | 76A | - | €2,669 | +€2,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,985 | €30,217 | -€767 | -2.5% |
| Other operating charges | 640/8 | €5,693 | €5,771 | +€78 | +1.4% |
| Gross operating margin | 9900 | €55,153 | €48,909 | -€6,244 | -11.3% |
| Operating profit (loss) | 9901 | €18,476 | €12,921 | -€5,555 | -30.1% |
| Financial charges | 65/66B | €1,762 | €1,339 | -€423 | -24.0% |
| Recurring financial charges | 65 | €1,762 | €1,339 | -€423 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €16,714 | €11,582 | -€5,132 | -30.7% |
| Income taxes | 67/77 | €2,921 | €1,238 | -€1,683 | -57.6% |
| Profit (loss) for the period | 9904 | €13,793 | €10,344 | -€3,449 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,793 | €10,344 | -€3,449 | -25.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.