BZ Imaging: 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.
BZ Imaging
Largest movements
- Receivables within one year +€141,336
up €141,336 (+248.2%), from €56,939 to €198,275
- Deferred charges and accrued income +€66,595
up €66,595 (+315.8%), from €21,090 to €87,685
- Cash -€11,802
down €11,802 (-13.4%), from €88,361 to €76,559
mainly Receivables within one year (-€141,336) and Deferred charges and accrued income (-€66,595)
- Tangible fixed assets +€6,753
up €6,753 (+234.2%), from €2,884 to €9,637
- Reserves +€312,482
new in 2025: €312,482
- Profit (loss) carried forward -€132,647
no longer reported in 2025 (was €132,647)
- Tax, wage and social debts +€23,438
up €23,438 (+71.7%), from €32,683 to €56,121
- Gross operating margin +€89,113
up €89,113 (+60.1%), from €148,215 to €237,328
- Taxes +€22,549
up €22,549 (+69.0%), from €32,683 to €55,232
- Financial income +€4,656
up €4,656 (+329.4%), from €1,414 to €6,070
- Financial charges +€4,294
up €4,294 (+2963.8%), from €145 to €4,439
- Other operating charges -€2,598
down €2,598 (-77.8%), from €3,338 to €740
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 | €169,274 | €372,155 | +€202,881 | +119.9% |
| Fixed assets | 21/28 | €2,884 | €9,637 | +€6,753 | +234.2% |
| Tangible fixed assets | 22/27 | €2,884 | €9,637 | +€6,753 | +234.2% |
| Furniture and vehicles | 24 | €2,884 | €9,637 | +€6,753 | +234.2% |
| Current assets | 29/58 | €166,390 | €362,518 | +€196,129 | +117.9% |
| Amounts receivable within one year | 40/41 | €56,939 | €198,275 | +€141,336 | +248.2% |
| Other amounts receivable | 41 | €56,939 | €198,275 | +€141,336 | +248.2% |
| Cash at bank and in hand | 54/58 | €88,361 | €76,559 | -€11,802 | -13.4% |
| Deferred charges and accrued income | 490/1 | €21,090 | €87,685 | +€66,595 | +315.8% |
| Total equity and liabilities | 10/49 | €169,274 | €372,155 | +€202,881 | +119.9% |
| Equity | 10/15 | €132,648 | €312,483 | +€179,836 | +135.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | - | €312,482 | +€312,482 | |
| Distributable reserves | 133 | - | €312,482 | +€312,482 | |
| Profit (loss) carried forward | 14 | €132,647 | - | -€132,647 | |
| Amounts payable | 17/49 | €36,626 | €59,672 | +€23,046 | +62.9% |
| Amounts payable within one year | 42/48 | €36,626 | €59,672 | +€23,046 | +62.9% |
| Trade debts | 44 | €3,943 | €3,551 | -€392 | -10.0% |
| Suppliers | 440/4 | €3,943 | €3,551 | -€392 | -10.0% |
| Taxes, remuneration and social security | 45 | €32,683 | €56,121 | +€23,438 | +71.7% |
| Taxes | 450/3 | €32,683 | €56,121 | +€23,438 | +71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,198 | €3,151 | +€1,953 | +163.0% |
| Other operating charges | 640/8 | €3,338 | €740 | -€2,598 | -77.8% |
| Gross operating margin | 9900 | €148,215 | €237,328 | +€89,113 | +60.1% |
| Operating profit (loss) | 9901 | €143,679 | €233,437 | +€89,758 | +62.5% |
| Financial income | 75/76B | €1,414 | €6,070 | +€4,656 | +329.4% |
| Recurring financial income | 75 | €1,414 | €6,070 | +€4,656 | +329.4% |
| Financial charges | 65/66B | €145 | €4,439 | +€4,294 | +2963.8% |
| Recurring financial charges | 65 | €145 | €4,439 | +€4,294 | +2963.8% |
| Profit (loss) for the period before taxes | 9903 | €144,948 | €235,068 | +€90,120 | +62.2% |
| Income taxes | 67/77 | €32,683 | €55,232 | +€22,549 | +69.0% |
| Profit (loss) for the period | 9904 | €112,265 | €179,836 | +€67,571 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €112,265 | €179,836 | +€67,571 | +60.2% |
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 30 September 2026 via checked.be.