IMA PICTURES: 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.
IMA PICTURES
Largest movements
- Tangible fixed assets -€2,274
down €2,274 (-38.3%), from €5,939 to €3,665
of which Other tangible fixed assets: -€1,252
- Receivables within one year -€1,505
down €1,505 (-59.2%), from €2,542 to €1,038
of which Trade receivables: -€975
- Cash +€1,329
up €1,329 (+135%), from €982 to €2,310
mainly Depreciation (+€2,274) and Receivables within one year (+€1,505)
- Deferred charges and accrued income -€106
down €106 (-24.6%), from €428 to €323
- Other debts -€1,187
down €1,187 (-6.5%), from €18,370 to €17,183
- Trade debts -€733
down €733 (-86.6%), from €846 to €113
- Profit (loss) carried forward -€636
down €636 (-0.6%), from -€97,925 to -€98,560
- Gross operating margin +€2,242
up €2,242 (+1,016%), from €221 to €2,463
- Depreciation -€104
down €104 (-4.4%), from €2,378 to €2,274
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 | €9,891 | €7,336 | -€2,555 | -25.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,939 | €3,665 | -€2,274 | -38.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €5,939 | €3,665 | -€2,274 | -38.3% |
| Plant, machinery and equipment | 23 | €2,772 | €2,093 | -€679 | -24.5% |
| Furniture and vehicles | 24 | €932 | €589 | -€343 | -36.8% |
| Other tangible fixed assets | 26 | €2,235 | €983 | -€1,252 | -56.0% |
| Current assets | 29/58 | €3,952 | €3,671 | -€281 | -7.1% |
| Amounts receivable within one year | 40/41 | €2,542 | €1,038 | -€1,505 | -59.2% |
| Trade receivables | 40 | €1,866 | €890 | -€975 | -52.3% |
| Other amounts receivable | 41 | €677 | €147 | -€529 | -78.2% |
| Cash at bank and in hand | 54/58 | €982 | €2,310 | +€1,329 | +135% |
| Deferred charges and accrued income | 490/1 | €428 | €323 | -€106 | -24.6% |
| Total equity and liabilities | 10/49 | €9,891 | €7,336 | -€2,555 | -25.8% |
| Equity | 10/15 | -€79,325 | -€79,960 | -€636 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,925 | -€98,560 | -€636 | -0.6% |
| Amounts payable | 17/49 | €89,216 | €87,296 | -€1,920 | -2.2% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 170/4 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,216 | €17,296 | -€1,920 | -10.0% |
| Trade debts | 44 | €846 | €113 | -€733 | -86.6% |
| Suppliers | 440/4 | €846 | €113 | -€733 | -86.6% |
| Other amounts payable | 47/48 | €18,370 | €17,183 | -€1,187 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,378 | €2,274 | -€104 | -4.4% |
| Other operating charges | 640/8 | €726 | €744 | +€18 | +2.5% |
| Gross operating margin | 9900 | €221 | €2,463 | +€2,242 | +1,016% |
| Operating profit (loss) | 9901 | -€2,884 | -€556 | +€2,328 | +80.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €80 | €80 | -€0 | 0.0% |
| Recurring financial charges | 65 | €80 | €80 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,964 | -€636 | +€2,328 | +78.5% |
| Profit (loss) for the period | 9904 | -€2,964 | -€636 | +€2,328 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,964 | -€636 | +€2,328 | +78.5% |
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 25 October 2026 via checked.be.