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.
What changed
IMMAS
NACE 74.999, Other professional, scientific and technical activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€101,143
2024 · €77,231+€23,912
Equity
€464,938
2024 · €376,003+€88,935
Cash
€302,205
2024 · €298,484+€3,721
Balance sheet total
€1.0m
2024 · €972,749+€27,481
Largest movements
Assets
- Stocks and contracts +€24,273
up €24,273 (+9.2%), from €263,234 to €287,508
Equity and liabilities
- Reserves +€88,935
up €88,935 (+24.0%), from €369,803 to €458,738
of which Distributable reserves: +€88,935
- Debts after one year -€32,438
down €32,438 (-8.8%), from €367,457 to €335,019
- Trade debts -€16,019
down €16,019 (-43.6%), from €36,730 to €20,711
Income statement
- Gross operating margin +€41,662
up €41,662 (+19.6%), from €212,870 to €254,532
- Taxes +€8,753
up €8,753 (+22.8%), from €38,449 to €47,201
- Depreciation +€4,433
up €4,433 (+12.0%), from €36,989 to €41,422
- Staff costs +€3,628
up €3,628 (+8.3%), from €43,870 to €47,497
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.
Result 2024
€77,231
Gross operating margin
+€41,662
Staff costs
-€3,628
Depreciation
-€4,433
Other operating charges
-€374
Financial income
+€191
Financial charges
-€753
Taxes
-€8,753
Result 2025
€101,143
raises the resultlowers the result
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.
From operations
+€72,107
Investment
-€33,054
Financing
-€35,332
Cash 2024
€298,484
From operations (derived)
+€72,107
Net result for the year
+€101,143
Depreciation
+€41,422
Stocks and contracts
-€24,273
Receivables within one year
-€7,852
Deferred charges and accrued income
-€3
Trade debts
-€16,019
Tax, wage and social debts
-€9,282
Advances received
-€5,745
Other debts
-€7,961
Accrued charges and deferred income
+€677
Investment (derived)
-€33,054
Investment in fixed assets (net)
-€33,054
Financing
-€35,332
Debts after one year
-€32,438
Current portion of long-term debt
+€9,314
Contributions, distributions and other
-€12,208
Cash 2025
€302,205
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €972,749 | €1,000,230 | +€27,481 | +2.8% |
| Fixed assets | 21/28 | €410,592 | €402,224 | -€8,368 | -2.0% |
| Tangible fixed assets | 22/27 | €410,592 | €402,224 | -€8,368 | -2.0% |
| Land and buildings | 22 | €395,199 | €364,716 | -€30,484 | -7.7% |
| Plant, machinery and equipment | 23 | €2,831 | €1,508 | -€1,323 | -46.7% |
| Furniture and vehicles | 24 | €12,562 | €36,000 | +€23,438 | +187% |
| Current assets | 29/58 | €562,157 | €598,006 | +€35,849 | +6.4% |
| Stocks and contracts in progress | 3 | €263,234 | €287,508 | +€24,273 | +9.2% |
| Stocks | 30/36 | €263,234 | €287,508 | +€24,273 | +9.2% |
| Amounts receivable within one year | 40/41 | €147 | €7,999 | +€7,852 | +5,348% |
| Trade receivables | 40 | €147 | €5,418 | +€5,271 | +3,590% |
| Other amounts receivable | 41 | - | €2,581 | +€2,581 | |
| Cash at bank and in hand | 54/58 | €298,484 | €302,205 | +€3,721 | +1.2% |
| Deferred charges and accrued income | 490/1 | €291 | €294 | +€3 | +0.9% |
| Total equity and liabilities | 10/49 | €972,749 | €1,000,230 | +€27,481 | +2.8% |
| Equity | 10/15 | €376,003 | €464,938 | +€88,935 | +23.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €369,803 | €458,738 | +€88,935 | +24.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €351,053 | €439,988 | +€88,935 | +25.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €596,745 | €535,291 | -€61,454 | -10.3% |
| Amounts payable after more than one year | 17 | €367,457 | €335,019 | -€32,438 | -8.8% |
| Financial debts | 170/4 | €367,457 | €335,019 | -€32,438 | -8.8% |
| Amounts payable within one year | 42/48 | €224,299 | €194,606 | -€29,693 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €53,447 | €62,761 | +€9,314 | +17.4% |
| Trade debts | 44 | €36,730 | €20,711 | -€16,019 | -43.6% |
| Suppliers | 440/4 | €36,730 | €20,711 | -€16,019 | -43.6% |
| Advances received on contracts in progress | 46 | €6,395 | €650 | -€5,745 | -89.8% |
| Taxes, remuneration and social security | 45 | €66,920 | €57,639 | -€9,282 | -13.9% |
| Taxes | 450/3 | €64,799 | €55,743 | -€9,056 | -14.0% |
| Remuneration and social security | 454/9 | €2,122 | €1,896 | -€226 | -10.6% |
| Other amounts payable | 47/48 | €60,806 | €52,846 | -€7,961 | -13.1% |
| Accrued charges and deferred income | 492/3 | €4,990 | €5,666 | +€677 | +13.6% |
| Remuneration, social security and pensions | 62 | €43,870 | €47,497 | +€3,628 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,989 | €41,422 | +€4,433 | +12.0% |
| Other operating charges | 640/8 | €5,174 | €5,548 | +€374 | +7.2% |
| Gross operating margin | 9900 | €212,870 | €254,532 | +€41,662 | +19.6% |
| Operating profit (loss) | 9901 | €126,838 | €160,065 | +€33,227 | +26.2% |
| Financial income | 75/76B | €509 | €700 | +€191 | +37.5% |
| Recurring financial income | 75 | €509 | €700 | +€191 | +37.5% |
| Financial charges | 65/66B | €11,667 | €12,420 | +€753 | +6.5% |
| Recurring financial charges | 65 | €11,667 | €12,420 | +€753 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €115,679 | €148,344 | +€32,665 | +28.2% |
| Income taxes | 67/77 | €38,449 | €47,201 | +€8,753 | +22.8% |
| Profit (loss) for the period | 9904 | €77,231 | €101,143 | +€23,912 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,231 | €101,143 | +€23,912 | +31.0% |
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 13 October 2026 via checked.be.