IMMATT: 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.
IMMATT
Largest movements
- Tangible fixed assets -€89,194
down €89,194 (-7.4%), from €1.2m to €1.1m
- Other debts -€105,894
down €105,894 (-17.6%), from €601,326 to €495,432
- Reserves +€13,430
up €13,430 (+6.1%), from €219,329 to €232,759
- Gross operating margin -€13,883
down €13,883 (-8.2%), from €169,333 to €155,449
- Financial charges -€5,959
down €5,959 (-14.8%), from €40,202 to €34,243
- Taxes +€2,476
up €2,476 (+115.5%), from €2,143 to €4,618
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 | €1,206,981 | €1,115,630 | -€91,351 | -7.6% |
| Fixed assets | 21/28 | €1,203,014 | €1,113,819 | -€89,194 | -7.4% |
| Tangible fixed assets | 22/27 | €1,203,014 | €1,113,819 | -€89,194 | -7.4% |
| Land and buildings | 22 | €1,203,014 | €1,113,819 | -€89,194 | -7.4% |
| Current assets | 29/58 | €3,967 | €1,811 | -€2,156 | -54.4% |
| Amounts receivable within one year | 40/41 | €2,857 | €0 | -€2,857 | -100.0% |
| Other amounts receivable | 41 | €2,857 | €0 | -€2,857 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,110 | €1,491 | +€381 | +34.4% |
| Deferred charges and accrued income | 490/1 | - | €320 | +€320 | |
| Total equity and liabilities | 10/49 | €1,206,981 | €1,115,630 | -€91,351 | -7.6% |
| Equity | 10/15 | €566,829 | €580,259 | +€13,430 | +2.4% |
| Contributions | 10/11 | €347,500 | €347,500 | = | 0.0% |
| Reserves | 13 | €219,329 | €232,759 | +€13,430 | +6.1% |
| Distributable reserves | 133 | €219,329 | €232,759 | +€13,430 | +6.1% |
| Amounts payable | 17/49 | €640,152 | €535,371 | -€104,781 | -16.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €612,910 | €515,900 | -€97,010 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €126 | €10,040 | +€9,914 | +7867.9% |
| Suppliers | 440/4 | €126 | €10,040 | +€9,914 | +7867.9% |
| Taxes, remuneration and social security | 45 | €11,458 | €10,428 | -€1,030 | -9.0% |
| Taxes | 450/3 | €11,458 | €10,428 | -€1,030 | -9.0% |
| Other amounts payable | 47/48 | €601,326 | €495,432 | -€105,894 | -17.6% |
| Accrued charges and deferred income | 492/3 | €27,242 | €19,471 | -€7,771 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,194 | €89,194 | = | 0.0% |
| Other operating charges | 640/8 | €13,540 | €13,964 | +€423 | +3.1% |
| Non-recurring operating charges | 66A | €5,710 | €0 | -€5,710 | -100.0% |
| Gross operating margin | 9900 | €169,333 | €155,449 | -€13,883 | -8.2% |
| Operating profit (loss) | 9901 | €60,888 | €52,291 | -€8,596 | -14.1% |
| Financial charges | 65/66B | €40,202 | €34,243 | -€5,959 | -14.8% |
| Recurring financial charges | 65 | €40,202 | €34,243 | -€5,959 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €20,686 | €18,049 | -€2,637 | -12.7% |
| Income taxes | 67/77 | €2,143 | €4,618 | +€2,476 | +115.5% |
| Profit (loss) for the period | 9904 | €18,543 | €13,430 | -€5,113 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,543 | €13,430 | -€5,113 | -27.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.