IMMATRA: 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.
IMMATRA
Largest movements
- Cash +€5,719
up €5,719 (+142.5%), from €4,012 to €9,731
mainly Receivables within one year (+€4,895) and Tax, wage and social debts (+€4,893)
- Receivables within one year -€4,895
down €4,895 (-1.6%), from €304,350 to €299,455
of which Trade receivables: -€4,881
- Trade debts -€7,258
down €7,258 (-31.8%), from €22,858 to €15,600
- Tax, wage and social debts +€4,893
up €4,893 (+249.8%), from €1,959 to €6,852
- Gross operating margin +€3,413
up €3,413 (+457.5%), from €746 to €4,159
- Other operating charges -€2,423
down €2,423 (-77.6%), from €3,124 to €701
- Financial income -€1,291
down €1,291 (-75.8%), from €1,704 to €413
- Staff costs +€280
new in 2025: €280
- Financial charges +€55
up €55 (+5500.0%), from €1 to €56
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 | €420,189 | €417,969 | -€2,220 | -0.5% |
| Fixed assets | 21/28 | €11,865 | €8,475 | -€3,390 | -28.6% |
| Tangible fixed assets | 22/27 | €11,865 | €8,475 | -€3,390 | -28.6% |
| Furniture and vehicles | 24 | €11,865 | €8,475 | -€3,390 | -28.6% |
| Current assets | 29/58 | €408,324 | €409,494 | +€1,170 | +0.3% |
| Stocks and contracts in progress | 3 | €99,962 | €100,308 | +€346 | +0.3% |
| Stocks | 30/36 | €99,962 | €100,308 | +€346 | +0.3% |
| Amounts receivable within one year | 40/41 | €304,350 | €299,455 | -€4,895 | -1.6% |
| Trade receivables | 40 | €304,336 | €299,455 | -€4,881 | -1.6% |
| Other amounts receivable | 41 | €14 | - | -€14 | |
| Cash at bank and in hand | 54/58 | €4,012 | €9,731 | +€5,719 | +142.5% |
| Total equity and liabilities | 10/49 | €420,189 | €417,969 | -€2,220 | -0.5% |
| Equity | 10/15 | €395,372 | €395,517 | +€145 | 0.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €34,112 | €34,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €31,013 | €31,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | €330,273 | €330,418 | +€145 | 0.0% |
| Amounts payable | 17/49 | €24,817 | €22,452 | -€2,365 | -9.5% |
| Amounts payable within one year | 42/48 | €24,817 | €22,452 | -€2,365 | -9.5% |
| Trade debts | 44 | €22,858 | €15,600 | -€7,258 | -31.8% |
| Suppliers | 440/4 | €22,858 | €15,600 | -€7,258 | -31.8% |
| Taxes, remuneration and social security | 45 | €1,959 | €6,852 | +€4,893 | +249.8% |
| Taxes | 450/3 | €1,959 | €6,852 | +€4,893 | +249.8% |
| Remuneration, social security and pensions | 62 | - | €280 | +€280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,390 | €3,390 | = | 0.0% |
| Other operating charges | 640/8 | €3,124 | €701 | -€2,423 | -77.6% |
| Gross operating margin | 9900 | €746 | €4,159 | +€3,413 | +457.5% |
| Operating profit (loss) | 9901 | -€5,768 | -€212 | +€5,556 | +96.3% |
| Financial income | 75/76B | €1,704 | €413 | -€1,291 | -75.8% |
| Recurring financial income | 75 | €1,704 | €413 | -€1,291 | -75.8% |
| Financial charges | 65/66B | €1 | €56 | +€55 | +5500.0% |
| Recurring financial charges | 65 | €1 | €56 | +€55 | +5500.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,065 | €145 | +€4,210 | |
| Profit (loss) for the period | 9904 | -€4,065 | €145 | +€4,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,065 | €145 | +€4,210 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.