HM IMAGIN: what changed
HM IMAGIN
Largest movements
- Receivables within one year +€164,062
up €164,062 (+112%), from €147,088 to €311,150
of which Other amounts receivable: +€107,193
- Tangible fixed assets +€16,716
up €16,716 (+110%), from €15,151 to €31,867
of which Furniture and vehicles: +€19,517
- Other debts +€157,250
new in 2025: €157,250
- Profit (loss) carried forward -€59,963
down €59,963 (-87.6%), from €68,476 to €8,513
- Tax, wage and social debts +€46,649
up €46,649 (+241%), from €19,376 to €66,025
of which Taxes: +€47,295
- Short-term financial debts +€32,967
up €32,967 (+728%), from €4,526 to €37,493
- Current portion of long-term debt +€11,662
up €11,662 (+475%), from €2,457 to €14,119
- Purchases and services +€468,329
up €468,329 (+106%), from €440,354 to €908,683
- Gross operating margin +€99,436
up €99,436 (+109%), from €91,604 to €191,040
- Taxes +€26,201
up €26,201 (+163%), from €16,051 to €42,253
- Depreciation +€6,567
up €6,567 (+382%), from €1,717 to €8,284
- Staff costs +€4,465
up €4,465 (+108%), from €4,146 to €8,610
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,630 | €343,408 | +€180,778 | +111% |
| Fixed assets | 21/28 | €15,541 | €32,258 | +€16,716 | +108% |
| Tangible fixed assets | 22/27 | €15,151 | €31,867 | +€16,716 | +110% |
| Plant, machinery and equipment | 23 | €13,271 | €10,470 | -€2,800 | -21.1% |
| Furniture and vehicles | 24 | €1,880 | €21,397 | +€19,517 | +1,038% |
| Financial fixed assets | 28 | €391 | €391 | = | 0.0% |
| Current assets | 29/58 | €147,088 | €311,150 | +€164,062 | +112% |
| Amounts receivable within one year | 40/41 | €147,088 | €311,150 | +€164,062 | +112% |
| Trade receivables | 40 | €100,086 | €156,954 | +€56,868 | +56.8% |
| Other amounts receivable | 41 | €47,002 | €154,195 | +€107,193 | +228% |
| Total equity and liabilities | 10/49 | €162,630 | €343,408 | +€180,778 | +111% |
| Equity | 10/15 | €70,976 | €11,013 | -€59,963 | -84.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Profit (loss) carried forward | 14 | €68,476 | €8,513 | -€59,963 | -87.6% |
| Amounts payable | 17/49 | €91,654 | €332,394 | +€240,741 | +263% |
| Amounts payable after more than one year | 17 | €8,582 | €6,007 | -€2,574 | -30.0% |
| Financial debts | 170/4 | €8,582 | €6,007 | -€2,574 | -30.0% |
| Amounts payable within one year | 42/48 | €83,072 | €326,387 | +€243,315 | +293% |
| Current portion of amounts payable after more than one year | 42 | €2,457 | €14,119 | +€11,662 | +475% |
| Financial debts | 43 | €4,526 | €37,493 | +€32,967 | +728% |
| Credit institutions | 430/8 | €4,526 | €37,493 | +€32,967 | +728% |
| Trade debts | 44 | €56,714 | €51,501 | -€5,213 | -9.2% |
| Suppliers | 440/4 | €56,714 | €51,501 | -€5,213 | -9.2% |
| Taxes, remuneration and social security | 45 | €19,376 | €66,025 | +€46,649 | +241% |
| Taxes | 450/3 | €18,730 | €66,025 | +€47,295 | +253% |
| Remuneration and social security | 454/9 | €646 | - | -€646 | |
| Other amounts payable | 47/48 | - | €157,250 | +€157,250 | |
| Goods, raw materials, services and sundry goods | 60/61 | €440,354 | €908,683 | +€468,329 | +106% |
| Remuneration, social security and pensions | 62 | €4,146 | €8,610 | +€4,465 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,717 | €8,284 | +€6,567 | +382% |
| Other operating charges | 640/8 | €1,310 | €1,664 | +€354 | +27.0% |
| Non-recurring operating charges | 66A | €1,070 | €471 | -€599 | -56.0% |
| Gross operating margin | 9900 | €91,604 | €191,040 | +€99,436 | +109% |
| Operating profit (loss) | 9901 | €83,361 | €172,011 | +€88,650 | +106% |
| Financial income | 75/76B | €30 | €73 | +€43 | +145% |
| Recurring financial income | 75 | €30 | €73 | +€43 | +145% |
| Financial charges | 65/66B | €6,793 | €4,794 | -€1,998 | -29.4% |
| Recurring financial charges | 65 | €6,793 | €4,794 | -€1,998 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €76,599 | €167,290 | +€90,691 | +118% |
| Income taxes | 67/77 | €16,051 | €42,253 | +€26,201 | +163% |
| Profit (loss) for the period | 9904 | €60,547 | €125,037 | +€64,490 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €60,547 | €125,037 | +€64,490 | +107% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.