CM IMAGERIE: 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.
CM IMAGERIE
Largest movements
- Current investments -€241,667
down €241,667 (-63.2%), from €382,592 to €140,925
- Cash +€192,259
up €192,259 (+61.6%), from €312,342 to €504,601
mainly Current investments (+€241,667) and Net result for the year (+€101,188)
- Tangible fixed assets +€47,677
up €47,677 (+1,191%), from €4,004 to €51,681
- Receivables within one year +€15,108
up €15,108 (+10.1%), from €150,238 to €165,345
- Debts after one year +€17,395
new in 2025: €17,395
- Tax, wage and social debts -€16,459
down €16,459 (-84.6%), from €19,459 to €3,000
- Reserves +€9,879
up €9,879 (+1.1%), from €902,605 to €912,485
of which Distributable reserves: +€9,879
- Financial charges +€147,209
up €147,209 (+21,393%), from €688 to €147,897
- Financial income +€30,504
up €30,504 (+285%), from €10,715 to €41,219
- Gross operating margin +€17,801
up €17,801 (+5.9%), from €302,340 to €320,140
- Depreciation +€8,966
up €8,966 (+1,274%), from €703 to €9,669
- Taxes +€5,742
up €5,742 (+6.0%), from €95,888 to €101,629
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 | €935,114 | €953,331 | +€18,216 | +1.9% |
| Fixed assets | 21/28 | €4,004 | €51,681 | +€47,677 | +1,191% |
| Tangible fixed assets | 22/27 | €4,004 | €51,681 | +€47,677 | +1,191% |
| Furniture and vehicles | 24 | €4,004 | €51,681 | +€47,677 | +1,191% |
| Current assets | 29/58 | €931,110 | €901,650 | -€29,460 | -3.2% |
| Amounts receivable within one year | 40/41 | €150,238 | €165,345 | +€15,108 | +10.1% |
| Other amounts receivable | 41 | €150,238 | €165,345 | +€15,108 | +10.1% |
| Current investments | 50/53 | €382,592 | €140,925 | -€241,667 | -63.2% |
| Cash at bank and in hand | 54/58 | €312,342 | €504,601 | +€192,259 | +61.6% |
| Deferred charges and accrued income | 490/1 | €85,938 | €90,778 | +€4,840 | +5.6% |
| Total equity and liabilities | 10/49 | €935,114 | €953,331 | +€18,216 | +1.9% |
| Equity | 10/15 | €915,005 | €924,885 | +€9,879 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €902,605 | €912,485 | +€9,879 | +1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €900,745 | €910,625 | +€9,879 | +1.1% |
| Amounts payable | 17/49 | €20,109 | €28,446 | +€8,337 | +41.5% |
| Amounts payable after more than one year | 17 | - | €17,395 | +€17,395 | |
| Financial debts | 170/4 | - | €17,395 | +€17,395 | |
| Amounts payable within one year | 42/48 | €20,109 | €11,050 | -€9,059 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,298 | +€7,298 | |
| Trade debts | 44 | €651 | €753 | +€102 | +15.7% |
| Suppliers | 440/4 | €651 | €753 | +€102 | +15.7% |
| Taxes, remuneration and social security | 45 | €19,459 | €3,000 | -€16,459 | -84.6% |
| Taxes | 450/3 | €19,459 | €3,000 | -€16,459 | -84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €703 | €9,669 | +€8,966 | +1,274% |
| Other operating charges | 640/8 | €1,065 | €976 | -€89 | -8.4% |
| Gross operating margin | 9900 | €302,340 | €320,140 | +€17,801 | +5.9% |
| Operating profit (loss) | 9901 | €300,572 | €309,496 | +€8,924 | +3.0% |
| Financial income | 75/76B | €10,715 | €41,219 | +€30,504 | +285% |
| Recurring financial income | 75 | €10,715 | €41,219 | +€30,504 | +285% |
| Financial charges | 65/66B | €688 | €147,897 | +€147,209 | +21,393% |
| Recurring financial charges | 65 | €688 | €147,897 | +€147,209 | +21,393% |
| Profit (loss) for the period before taxes | 9903 | €310,598 | €202,817 | -€107,781 | -34.7% |
| Income taxes | 67/77 | €95,888 | €101,629 | +€5,742 | +6.0% |
| Profit (loss) for the period | 9904 | €214,710 | €101,188 | -€113,523 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €214,710 | €101,188 | -€113,523 | -52.9% |
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 16 October 2026 via checked.be.