Imar: what changed
What changed
Imar
filed annual accounts (NBB)
Net result for the year
€33,189
2024 · €39,257-€6,069
Equity
€584,604
2024 · €551,416+€33,189
Cash
€205,394
2024 · €136,281+€69,113
Balance sheet total
€1.1m
2024 · €1.1m+€21,556
Largest movements
Assets
- Cash +€69,113
up €69,113 (+50.7%), from €136,281 to €205,394
mainly Current investments (+€38,639) and Net result for the year (+€33,189)
- Current investments -€38,639
down €38,639 (-4.8%), from €809,447 to €770,808
Equity and liabilities
- Reserves +€33,189
up €33,189 (+11.9%), from €278,816 to €312,004
of which Distributable reserves: +€38,665
- Accrued charges and deferred income -€12,278
no longer reported in 2025 (was €12,278)
Income statement
- Financial income +€13,735
up €13,735 (+70.9%), from €19,360 to €33,095
- Financial charges +€9,451
up €9,451 (+34.4%), from €27,483 to €36,934
- Gross operating margin -€8,959
down €8,959 (-7.5%), from €120,068 to €111,109
- Provisions +€3,734
up €3,734 (+61.0%), from -€6,117 to -€2,383
- Taxes -€2,405
down €2,405 (-11.4%), from €21,020 to €18,615
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€39,257
Gross operating margin
-€8,959
Depreciation
+€297
Provisions
-€3,734
Other operating charges
-€361
Financial income
+€13,735
Financial charges
-€9,451
Taxes
+€2,405
Result 2025
€33,189
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€41,424
Investment
+€27,688
Financing
€0
Cash 2024
€136,281
From operations (derived)
+€41,424
Net result for the year
+€33,189
Depreciation
+€19,744
Receivables within one year
+€124
Provisions
-€4,209
Trade debts
+€2,669
Tax, wage and social debts
-€1,376
Other debts
+€3,561
Accrued charges and deferred income
-€12,278
Investment (derived)
+€27,688
Investment in fixed assets (net)
-€10,951
Current investments
+€38,639
Cash 2025
€205,394
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,078,872 | €1,100,428 | +€21,556 | +2.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €115,589 | €106,795 | -€8,794 | -7.6% |
| Tangible fixed assets | 22/27 | €115,589 | €106,795 | -€8,794 | -7.6% |
| Land and buildings | 22 | €115,565 | €96,484 | -€19,081 | -16.5% |
| Plant, machinery and equipment | 23 | - | €10,312 | +€10,312 | |
| Furniture and vehicles | 24 | €24 | €0 | -€24 | -100% |
| Current assets | 29/58 | €963,283 | €993,632 | +€30,350 | +3.2% |
| Amounts receivable within one year | 40/41 | €17,556 | €17,431 | -€124 | -0.7% |
| Trade receivables | 40 | €17,070 | €8,556 | -€8,515 | -49.9% |
| Other amounts receivable | 41 | €485 | €8,875 | +€8,390 | +1,729% |
| Current investments | 50/53 | €809,447 | €770,808 | -€38,639 | -4.8% |
| Cash at bank and in hand | 54/58 | €136,281 | €205,394 | +€69,113 | +50.7% |
| Total equity and liabilities | 10/49 | €1,078,872 | €1,100,428 | +€21,556 | +2.0% |
| Equity | 10/15 | €551,416 | €584,604 | +€33,189 | +6.0% |
| Contributions | 10/11 | €272,600 | €272,600 | = | 0.0% |
| Reserves | 13 | €278,816 | €312,004 | +€33,189 | +11.9% |
| Non-distributable reserves | 130/1 | €27,260 | €27,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,260 | €27,260 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,559 | €14,082 | -€5,477 | -28.0% |
| Distributable reserves | 133 | €231,997 | €270,663 | +€38,665 | +16.7% |
| Provisions and deferred taxes | 16 | €27,902 | €23,694 | -€4,209 | -15.1% |
| Provisions for liabilities and charges | 160/5 | €21,383 | €19,000 | -€2,383 | -11.1% |
| Major repairs and maintenance | 162 | €21,383 | €19,000 | -€2,383 | -11.1% |
| Deferred taxes | 168 | €6,519 | €4,694 | -€1,826 | -28.0% |
| Amounts payable | 17/49 | €499,554 | €492,130 | -€7,424 | -1.5% |
| Amounts payable within one year | 42/48 | €487,276 | €492,130 | +€4,853 | +1.0% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Other loans | 439 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | - | €2,669 | +€2,669 | |
| Suppliers | 440/4 | - | €2,669 | +€2,669 | |
| Taxes, remuneration and social security | 45 | €11,082 | €9,706 | -€1,376 | -12.4% |
| Taxes | 450/3 | €11,082 | €9,706 | -€1,376 | -12.4% |
| Other amounts payable | 47/48 | €301,194 | €304,755 | +€3,561 | +1.2% |
| Accrued charges and deferred income | 492/3 | €12,278 | - | -€12,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,041 | €19,744 | -€297 | -1.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,117 | -€2,383 | +€3,734 | +61.0% |
| Other operating charges | 640/8 | €39,570 | €39,931 | +€361 | +0.9% |
| Gross operating margin | 9900 | €120,068 | €111,109 | -€8,959 | -7.5% |
| Operating profit (loss) | 9901 | €66,574 | €53,817 | -€12,757 | -19.2% |
| Financial income | 75/76B | €19,360 | €33,095 | +€13,735 | +70.9% |
| Recurring financial income | 75 | €19,360 | €33,095 | +€13,735 | +70.9% |
| Financial charges | 65/66B | €27,483 | €36,934 | +€9,451 | +34.4% |
| Recurring financial charges | 65 | €27,483 | €36,934 | +€9,451 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €58,452 | €49,978 | -€8,474 | -14.5% |
| Transfer from deferred taxes | 780 | €1,826 | €1,826 | = | 0.0% |
| Income taxes | 67/77 | €21,020 | €18,615 | -€2,405 | -11.4% |
| Profit (loss) for the period | 9904 | €39,257 | €33,189 | -€6,069 | -15.5% |
| Transfer from tax-exempt reserves | 789 | €5,477 | €5,477 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,734 | €38,665 | -€6,069 | -13.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.