IMAKI: 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.
IMAKI
Largest movements
- Cash -€504,718
down €504,718 (-90.6%), from €557,295 to €52,577
mainly Receivables after one year (-€374,400) and Contributions, distributions and other (-€101,000)
- Receivables after one year +€374,400
new in 2025: €374,400
- Tangible fixed assets +€17,739
up €17,739 (+78.7%), from €22,538 to €40,277
of which Furniture and vehicles: +€17,870
- Receivables within one year +€7,937
up €7,937 (+13.0%), from €61,009 to €68,946
of which Other amounts receivable: +€16,143
- Reserves -€74,000
down €74,000 (-20.6%), from €359,000 to €285,000
of which Distributable reserves: -€74,000
- Debts after one year -€11,480
down €11,480 (-50.0%), from €22,962 to €11,482
- Tax, wage and social debts -€9,398
down €9,398 (-40.8%), from €23,008 to €13,610
- Other debts -€9,176
no longer reported in 2025 (was €9,176)
- Gross operating margin -€53,776
down €53,776 (-52.2%), from €102,966 to €49,190
- Taxes -€12,758
down €12,758 (-48.2%), from €26,489 to €13,731
- Financial income +€6,289
up €6,289 (+542%), from €1,160 to €7,449
- Other operating charges -€3,158
down €3,158 (-65.2%), from €4,842 to €1,684
- Depreciation +€1,550
up €1,550 (+15.8%), from €9,804 to €11,354
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 | €642,029 | €536,984 | -€105,045 | -16.4% |
| Fixed assets | 21/28 | €22,773 | €40,512 | +€17,739 | +77.9% |
| Tangible fixed assets | 22/27 | €22,538 | €40,277 | +€17,739 | +78.7% |
| Furniture and vehicles | 24 | €21,848 | €39,718 | +€17,870 | +81.8% |
| Other tangible fixed assets | 26 | €690 | €559 | -€131 | -19.0% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €619,256 | €496,472 | -€122,784 | -19.8% |
| Amounts receivable after more than one year | 29 | - | €374,400 | +€374,400 | |
| Other amounts receivable | 291 | - | €374,400 | +€374,400 | |
| Amounts receivable within one year | 40/41 | €61,009 | €68,946 | +€7,937 | +13.0% |
| Trade receivables | 40 | €59,564 | €51,358 | -€8,206 | -13.8% |
| Other amounts receivable | 41 | €1,445 | €17,588 | +€16,143 | +1,117% |
| Cash at bank and in hand | 54/58 | €557,295 | €52,577 | -€504,718 | -90.6% |
| Deferred charges and accrued income | 490/1 | €952 | €549 | -€403 | -42.3% |
| Total equity and liabilities | 10/49 | €642,029 | €536,984 | -€105,045 | -16.4% |
| Equity | 10/15 | €569,587 | €496,593 | -€72,994 | -12.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €359,000 | €285,000 | -€74,000 | -20.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €357,000 | €283,000 | -€74,000 | -20.7% |
| Profit (loss) carried forward | 14 | €198,187 | €199,193 | +€1,006 | +0.5% |
| Amounts payable | 17/49 | €72,442 | €40,391 | -€32,051 | -44.2% |
| Amounts payable after more than one year | 17 | €22,962 | €11,482 | -€11,480 | -50.0% |
| Financial debts | 170/4 | €22,962 | €11,482 | -€11,480 | -50.0% |
| Amounts payable within one year | 42/48 | €49,480 | €28,909 | -€20,571 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €11,481 | €11,481 | = | 0.0% |
| Trade debts | 44 | €5,815 | €3,818 | -€1,997 | -34.3% |
| Suppliers | 440/4 | €5,815 | €3,818 | -€1,997 | -34.3% |
| Taxes, remuneration and social security | 45 | €23,008 | €13,610 | -€9,398 | -40.8% |
| Taxes | 450/3 | €23,008 | €13,610 | -€9,398 | -40.8% |
| Other amounts payable | 47/48 | €9,176 | - | -€9,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,804 | €11,354 | +€1,550 | +15.8% |
| Other operating charges | 640/8 | €4,842 | €1,684 | -€3,158 | -65.2% |
| Non-recurring operating charges | 66A | - | €666 | +€666 | |
| Gross operating margin | 9900 | €102,966 | €49,190 | -€53,776 | -52.2% |
| Operating profit (loss) | 9901 | €88,320 | €35,486 | -€52,834 | -59.8% |
| Financial income | 75/76B | €1,160 | €7,449 | +€6,289 | +542% |
| Recurring financial income | 75 | €1,160 | €7,449 | +€6,289 | +542% |
| Financial charges | 65/66B | €1,310 | €1,198 | -€112 | -8.5% |
| Recurring financial charges | 65 | €1,310 | €1,198 | -€112 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €88,170 | €41,737 | -€46,433 | -52.7% |
| Income taxes | 67/77 | €26,489 | €13,731 | -€12,758 | -48.2% |
| Profit (loss) for the period | 9904 | €61,681 | €28,006 | -€33,675 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,681 | €28,006 | -€33,675 | -54.6% |
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 26 October 2026 via checked.be.