FILIMAGE: 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.
What changed
FILIMAGE
NACE 74.201, Photography, excluding press photography
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,638
2024 · €15,271-€10,633
Equity
€400,753
2024 · €396,115+€4,638
Cash
€41,984
2024 · €40,466+€1,518
Balance sheet total
€758,486
2024 · €793,013-€34,527
Largest movements
Assets
- Receivables within one year -€41,912
down €41,912 (-14.7%), from €285,018 to €243,106
of which Trade receivables: -€48,600
Equity and liabilities
- Trade debts -€35,138
down €35,138 (-91.3%), from €38,487 to €3,349
Income statement
- Gross operating margin -€41,782
down €41,782 (-14.2%), from €295,016 to €253,234
- Depreciation -€17,673
down €17,673 (-33.5%), from €52,818 to €35,146
- Staff costs -€10,315
down €10,315 (-5.1%), from €201,789 to €191,474
- Taxes -€6,694
down €6,694 (-66.9%), from €10,006 to €3,312
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.
Result 2024
€15,271
Gross operating margin
-€41,782
Staff costs
+€10,315
Depreciation
+€17,673
Other operating charges
-€308
Other operating items
-€777
Financial income
+€272
Financial charges
-€2,720
Taxes
+€6,694
Result 2025
€4,638
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.
From operations
+€38,857
Investment
-€41,972
Financing
+€4,633
Cash 2024
€40,466
From operations (derived)
+€38,857
Net result for the year
+€4,638
Depreciation
+€35,146
Stocks and contracts
+€1,723
Receivables within one year
+€41,912
Deferred charges and accrued income
-€763
Trade debts
-€35,138
Tax, wage and social debts
-€4,222
Other debts
-€4,477
Accrued charges and deferred income
+€39
Investment (derived)
-€41,972
Investment in fixed assets (net)
-€41,972
Financing
+€4,633
Debts after one year
+€1,809
Current portion of long-term debt
+€2,824
Cash 2025
€41,984
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €793,013 | €758,486 | -€34,527 | -4.4% |
| Fixed assets | 21/28 | €306,961 | €313,787 | +€6,826 | +2.2% |
| Tangible fixed assets | 22/27 | €304,611 | €311,437 | +€6,826 | +2.2% |
| Land and buildings | 22 | €219,806 | €235,337 | +€15,530 | +7.1% |
| Plant, machinery and equipment | 23 | €16,081 | €12,095 | -€3,986 | -24.8% |
| Furniture and vehicles | 24 | €60,166 | €58,048 | -€2,118 | -3.5% |
| Leasing and similar rights | 25 | €8,557 | €5,957 | -€2,600 | -30.4% |
| Financial fixed assets | 28 | €2,350 | €2,350 | = | 0.0% |
| Current assets | 29/58 | €486,053 | €444,699 | -€41,354 | -8.5% |
| Stocks and contracts in progress | 3 | €158,070 | €156,347 | -€1,723 | -1.1% |
| Stocks | 30/36 | €158,070 | €156,347 | -€1,723 | -1.1% |
| Amounts receivable within one year | 40/41 | €285,018 | €243,106 | -€41,912 | -14.7% |
| Trade receivables | 40 | €284,922 | €236,322 | -€48,600 | -17.1% |
| Other amounts receivable | 41 | €96 | €6,784 | +€6,688 | +6945.7% |
| Cash at bank and in hand | 54/58 | €40,466 | €41,984 | +€1,518 | +3.8% |
| Deferred charges and accrued income | 490/1 | €2,498 | €3,261 | +€763 | +30.6% |
| Total equity and liabilities | 10/49 | €793,013 | €758,486 | -€34,527 | -4.4% |
| Equity | 10/15 | €396,115 | €400,753 | +€4,638 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €370,360 | €370,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €368,500 | €368,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,155 | €11,793 | +€4,638 | +64.8% |
| Amounts payable | 17/49 | €396,899 | €357,733 | -€39,165 | -9.9% |
| Amounts payable after more than one year | 17 | €234,818 | €236,627 | +€1,809 | +0.8% |
| Financial debts | 170/4 | €234,818 | €236,627 | +€1,809 | +0.8% |
| Amounts payable within one year | 42/48 | €161,219 | €120,206 | -€41,013 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €21,226 | €24,050 | +€2,824 | +13.3% |
| Trade debts | 44 | €38,487 | €3,349 | -€35,138 | -91.3% |
| Suppliers | 440/4 | €38,487 | €3,349 | -€35,138 | -91.3% |
| Taxes, remuneration and social security | 45 | €59,200 | €54,978 | -€4,222 | -7.1% |
| Taxes | 450/3 | €44,105 | €40,928 | -€3,177 | -7.2% |
| Remuneration and social security | 454/9 | €15,095 | €14,050 | -€1,045 | -6.9% |
| Other amounts payable | 47/48 | €42,306 | €37,830 | -€4,477 | -10.6% |
| Accrued charges and deferred income | 492/3 | €862 | €900 | +€39 | +4.5% |
| Non-recurring operating income | 76A | €2,750 | - | -€2,750 | |
| Remuneration, social security and pensions | 62 | €201,789 | €191,474 | -€10,315 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,818 | €35,146 | -€17,673 | -33.5% |
| Other operating charges | 640/8 | €4,425 | €4,732 | +€308 | +7.0% |
| Non-recurring operating charges | 66A | - | €777 | +€777 | |
| Gross operating margin | 9900 | €295,016 | €253,234 | -€41,782 | -14.2% |
| Operating profit (loss) | 9901 | €35,983 | €21,104 | -€14,879 | -41.3% |
| Financial income | 75/76B | €2 | €274 | +€272 | +13318.6% |
| Recurring financial income | 75 | €2 | €274 | +€272 | +13318.6% |
| Financial charges | 65/66B | €10,708 | €13,428 | +€2,720 | +25.4% |
| Recurring financial charges | 65 | €10,708 | €13,428 | +€2,720 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €25,277 | €7,950 | -€17,327 | -68.5% |
| Income taxes | 67/77 | €10,006 | €3,312 | -€6,694 | -66.9% |
| Profit (loss) for the period | 9904 | €15,271 | €4,638 | -€10,633 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,271 | €4,638 | -€10,633 | -69.6% |
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 1 October 2026 via checked.be.