IMZA: 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.
IMZA
Largest movements
- Receivables within one year -€3,807
down €3,807 (-14.8%), from €25,769 to €21,962
- Tangible fixed assets -€273
down €273 (-23.8%), from €1,148 to €875
- Profit (loss) carried forward -€25,070
down €25,070, from €8,251 to -€16,820
- Tax, wage and social debts +€21,047
up €21,047 (+538.4%), from €3,909 to €24,957
of which Taxes: +€21,078
- Taxes +€22,638
new in 2025: €22,638
- Gross operating margin +€6,953
up €6,953 (+76.3%), from -€9,112 to -€2,159
- Financial income -€1,231
no longer reported in 2025 (was €1,231)
- Other operating charges -€742
no longer reported in 2025 (was €742)
- Financial charges -€231
no longer reported in 2025 (was €231)
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 | €26,936 | €22,837 | -€4,099 | -15.2% |
| Fixed assets | 21/28 | €1,148 | €875 | -€273 | -23.8% |
| Tangible fixed assets | 22/27 | €1,148 | €875 | -€273 | -23.8% |
| Furniture and vehicles | 24 | €1,148 | €875 | -€273 | -23.8% |
| Current assets | 29/58 | €25,788 | €21,962 | -€3,826 | -14.8% |
| Amounts receivable within one year | 40/41 | €25,769 | €21,962 | -€3,807 | -14.8% |
| Other amounts receivable | 41 | €25,769 | €21,962 | -€3,807 | -14.8% |
| Cash at bank and in hand | 54/58 | €19 | - | -€19 | |
| Total equity and liabilities | 10/49 | €26,936 | €22,837 | -€4,099 | -15.2% |
| Equity | 10/15 | €22,951 | -€2,120 | -€25,070 | |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,251 | -€16,820 | -€25,070 | |
| Amounts payable | 17/49 | €3,986 | €24,957 | +€20,971 | +526.1% |
| Amounts payable within one year | 42/48 | €3,986 | €24,957 | +€20,971 | +526.1% |
| Trade debts | 44 | €77 | - | -€77 | |
| Suppliers | 440/4 | €77 | - | -€77 | |
| Taxes, remuneration and social security | 45 | €3,909 | €24,957 | +€21,047 | +538.4% |
| Taxes | 450/3 | €3,879 | €24,957 | +€21,078 | +543.4% |
| Remuneration and social security | 454/9 | €30 | - | -€30 | |
| Non-recurring operating income | 76A | €17,375 | - | -€17,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218 | €273 | +€55 | +25.4% |
| Other operating charges | 640/8 | €742 | - | -€742 | |
| Gross operating margin | 9900 | -€9,112 | -€2,159 | +€6,953 | +76.3% |
| Operating profit (loss) | 9901 | -€10,072 | -€2,432 | +€7,640 | +75.9% |
| Financial income | 75/76B | €1,231 | - | -€1,231 | |
| Recurring financial income | 75 | €1,231 | - | -€1,231 | |
| Financial charges | 65/66B | €231 | - | -€231 | |
| Recurring financial charges | 65 | €231 | - | -€231 | |
| Profit (loss) for the period before taxes | 9903 | -€9,071 | -€2,432 | +€6,639 | +73.2% |
| Income taxes | 67/77 | - | €22,638 | +€22,638 | |
| Profit (loss) for the period | 9904 | -€9,071 | -€25,070 | -€15,999 | -176.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,071 | -€25,070 | -€15,999 | -176.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.