Imatho: what changed
Two financial 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.
Imatho
Largest movements
- Cash -€17,989
down €17,989 (-60.4%), from €29,803 to €11,814
mainly Debts after one year (-€42,440) and Receivables within one year (-€5,197)
- Receivables within one year +€5,197
new in 2025: €5,197
- Debts after one year -€42,440
down €42,440 (-19.0%), from €223,717 to €181,277
- Reserves +€29,408
up €29,408 (+49.1%), from €59,868 to €89,276
- Gross operating margin -€42,932
down €42,932 (-47.3%), from €90,805 to €47,873
- Taxes -€10,153
down €10,153 (-50.9%), from €19,956 to €9,803
- Financial charges -€2,319
down €2,319 (-21.1%), from €10,981 to €8,662
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.
Derived cash bridge
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 | €337,363 | €324,571 | -€12,791 | -3.8% |
| Fixed assets | 21/28 | €307,560 | €307,560 | = | 0.0% |
| Financial fixed assets | 28 | €307,560 | €307,560 | = | 0.0% |
| Current assets | 29/58 | €29,803 | €17,011 | -€12,791 | -42.9% |
| Amounts receivable within one year | 40/41 | - | €5,197 | +€5,197 | |
| Other amounts receivable | 41 | - | €5,197 | +€5,197 | |
| Cash at bank and in hand | 54/58 | €29,803 | €11,814 | -€17,989 | -60.4% |
| Total equity and liabilities | 10/49 | €337,363 | €324,571 | -€12,791 | -3.8% |
| Equity | 10/15 | €63,868 | €93,276 | +€29,408 | +46.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €59,868 | €89,276 | +€29,408 | +49.1% |
| Distributable reserves | 133 | €59,868 | €89,276 | +€29,408 | +49.1% |
| Amounts payable | 17/49 | €273,495 | €231,295 | -€42,200 | -15.4% |
| Amounts payable after more than one year | 17 | €223,717 | €181,277 | -€42,440 | -19.0% |
| Financial debts | 170/4 | €223,717 | €181,277 | -€42,440 | -19.0% |
| Amounts payable within one year | 42/48 | €49,778 | €50,018 | +€240 | +0.5% |
| Financial debts | 43 | €40,982 | €42,440 | +€1,458 | +3.6% |
| Other loans | 439 | €40,982 | €42,440 | +€1,458 | +3.6% |
| Trade debts | 44 | €853 | €832 | -€20 | -2.4% |
| Suppliers | 440/4 | €853 | €832 | -€20 | -2.4% |
| Taxes, remuneration and social security | 45 | €7,943 | €6,746 | -€1,197 | -15.1% |
| Taxes | 450/3 | €5,086 | €6,746 | +€1,660 | +32.6% |
| Remuneration and social security | 454/9 | €2,857 | - | -€2,857 | |
| Gross operating margin | 9900 | €90,805 | €47,873 | -€42,932 | -47.3% |
| Operating profit (loss) | 9901 | €90,805 | €47,873 | -€42,932 | -47.3% |
| Financial charges | 65/66B | €10,981 | €8,662 | -€2,319 | -21.1% |
| Recurring financial charges | 65 | €10,981 | €8,662 | -€2,319 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €79,824 | €39,211 | -€40,613 | -50.9% |
| Income taxes | 67/77 | €19,956 | €9,803 | -€10,153 | -50.9% |
| Profit (loss) for the period | 9904 | €59,868 | €29,408 | -€30,460 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,868 | €29,408 | -€30,460 | -50.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.