IMMAX: 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.
IMMAX
Largest movements
- Tangible fixed assets -€48,876
down €48,876 (-15.9%), from €307,390 to €258,514
of which Other tangible fixed assets: -€68,569
- Receivables within one year +€19,730
up €19,730 (+183.0%), from €10,779 to €30,509
of which Trade receivables: +€30,139
- Profit (loss) carried forward -€88,284
down €88,284 (-44.7%), from -€197,710 to -€285,995
- Other debts +€71,266
up €71,266 (+19.1%), from €374,096 to €445,362
- Current portion of long-term debt -€20,764
down €20,764 (-80.0%), from €25,943 to €5,179
- Accrued charges and deferred income +€18,079
new in 2024: €18,079
- Short-term financial debts -€13,837
down €13,837 (-28.6%), from €48,319 to €34,482
- Financial charges +€6,311
up €6,311 (+96.2%), from €6,557 to €12,869
of which Non-recurring financial charges: +€7,698
- Gross operating margin -€3,934
down €3,934 (-76.5%), from €5,143 to €1,209
- Depreciation +€683
up €683 (+0.9%), from €75,255 to €75,937
- Other operating charges -€604
down €604 (-66.9%), from €902 to €298
- Taxes -€123
down €123 (-24.1%), from €512 to €389
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,646 | €292,464 | -€32,181 | -9.9% |
| Fixed assets | 21/28 | €309,653 | €260,777 | -€48,876 | -15.8% |
| Tangible fixed assets | 22/27 | €307,390 | €258,514 | -€48,876 | -15.9% |
| Land and buildings | 22 | €2,525 | €2,424 | -€101 | -4.0% |
| Plant, machinery and equipment | 23 | €1,274 | €5,869 | +€4,595 | +360.7% |
| Furniture and vehicles | 24 | €29,079 | €44,278 | +€15,198 | +52.3% |
| Other tangible fixed assets | 26 | €274,511 | €205,943 | -€68,569 | -25.0% |
| Financial fixed assets | 28 | €2,263 | €2,263 | = | 0.0% |
| Current assets | 29/58 | €14,993 | €31,688 | +€16,695 | +111.3% |
| Amounts receivable within one year | 40/41 | €10,779 | €30,509 | +€19,730 | +183.0% |
| Trade receivables | 40 | - | €30,139 | +€30,139 | |
| Other amounts receivable | 41 | €10,779 | €370 | -€10,409 | -96.6% |
| Cash at bank and in hand | 54/58 | €82 | €82 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €4,133 | €1,097 | -€3,036 | -73.5% |
| Total equity and liabilities | 10/49 | €324,646 | €292,464 | -€32,181 | -9.9% |
| Equity | 10/15 | -€127,710 | -€215,995 | -€88,284 | -69.1% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,710 | -€285,995 | -€88,284 | -44.7% |
| Amounts payable | 17/49 | €452,356 | €508,459 | +€56,103 | +12.4% |
| Amounts payable after more than one year | 17 | €3,465 | - | -€3,465 | |
| Financial debts | 170/4 | €3,465 | - | -€3,465 | |
| Amounts payable within one year | 42/48 | €448,891 | €490,381 | +€41,489 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €25,943 | €5,179 | -€20,764 | -80.0% |
| Financial debts | 43 | €48,319 | €34,482 | -€13,837 | -28.6% |
| Credit institutions | 430/8 | €48,319 | €34,482 | -€13,837 | -28.6% |
| Trade debts | 44 | - | €4,437 | +€4,437 | |
| Suppliers | 440/4 | - | €4,437 | +€4,437 | |
| Taxes, remuneration and social security | 45 | €534 | €920 | +€387 | +72.5% |
| Taxes | 450/3 | €534 | €920 | +€387 | +72.5% |
| Other amounts payable | 47/48 | €374,096 | €445,362 | +€71,266 | +19.1% |
| Accrued charges and deferred income | 492/3 | - | €18,079 | +€18,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,255 | €75,937 | +€683 | +0.9% |
| Other operating charges | 640/8 | €902 | €298 | -€604 | -66.9% |
| Gross operating margin | 9900 | €5,143 | €1,209 | -€3,934 | -76.5% |
| Operating profit (loss) | 9901 | -€71,014 | -€75,027 | -€4,012 | -5.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,557 | €12,869 | +€6,311 | +96.2% |
| Recurring financial charges | 65 | €6,557 | €5,171 | -€1,387 | -21.1% |
| Non-recurring financial charges | 66B | - | €7,698 | +€7,698 | |
| Profit (loss) for the period before taxes | 9903 | -€77,572 | -€87,895 | -€10,323 | -13.3% |
| Income taxes | 67/77 | €512 | €389 | -€123 | -24.1% |
| Profit (loss) for the period | 9904 | -€78,084 | -€88,284 | -€10,200 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,084 | -€88,284 | -€10,200 | -13.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.