IMAG: 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.
IMAG
Largest movements
- Cash +€67,424
up €67,424 (+223.1%), from €30,228 to €97,652
mainly Net result for the year (+€339,738) and Tax, wage and social debts (+€78,422)
- Receivables within one year -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
of which Trade receivables: -€50,000
- Tax, wage and social debts +€78,422
up €78,422 (+223.3%), from €35,119 to €113,541
- Profit (loss) carried forward -€53,262
down €53,262 (-59.3%), from €89,845 to €36,583
- Trade debts -€5,051
down €5,051 (-64.1%), from €7,879 to €2,829
- Other debts -€2,000
down €2,000 (-92.6%), from €2,160 to €160
- Gross operating margin +€338,042
up €338,042 (+296.4%), from €114,057 to €452,099
- Taxes +€83,975
up €83,975 (+343.0%), from €24,483 to €108,458
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 | €139,504 | €157,613 | +€18,109 | +13.0% |
| Fixed assets | 21/28 | €7,062 | €6,324 | -€739 | -10.5% |
| Tangible fixed assets | 22/27 | €7,062 | €6,324 | -€739 | -10.5% |
| Plant, machinery and equipment | 23 | €7,062 | €6,324 | -€739 | -10.5% |
| Current assets | 29/58 | €132,442 | €151,289 | +€18,847 | +14.2% |
| Amounts receivable within one year | 40/41 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Trade receivables | 40 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €30,228 | €97,652 | +€67,424 | +223.1% |
| Deferred charges and accrued income | 490/1 | €2,214 | €3,637 | +€1,423 | +64.3% |
| Total equity and liabilities | 10/49 | €139,504 | €157,613 | +€18,109 | +13.0% |
| Equity | 10/15 | €94,345 | €41,083 | -€53,262 | -56.5% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,845 | €36,583 | -€53,262 | -59.3% |
| Amounts payable | 17/49 | €45,159 | €116,530 | +€71,371 | +158.0% |
| Amounts payable within one year | 42/48 | €45,159 | €116,530 | +€71,371 | +158.0% |
| Trade debts | 44 | €7,879 | €2,829 | -€5,051 | -64.1% |
| Suppliers | 440/4 | €7,879 | €2,829 | -€5,051 | -64.1% |
| Taxes, remuneration and social security | 45 | €35,119 | €113,541 | +€78,422 | +223.3% |
| Taxes | 450/3 | €35,119 | €113,541 | +€78,422 | +223.3% |
| Other amounts payable | 47/48 | €2,160 | €160 | -€2,000 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €323 | €739 | +€415 | +128.4% |
| Other operating charges | 640/8 | €366 | €635 | +€269 | +73.4% |
| Gross operating margin | 9900 | €114,057 | €452,099 | +€338,042 | +296.4% |
| Operating profit (loss) | 9901 | €113,367 | €450,725 | +€337,358 | +297.6% |
| Financial charges | 65/66B | €2,566 | €2,529 | -€37 | -1.4% |
| Recurring financial charges | 65 | €2,566 | €2,529 | -€37 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €110,801 | €448,196 | +€337,395 | +304.5% |
| Income taxes | 67/77 | €24,483 | €108,458 | +€83,975 | +343.0% |
| Profit (loss) for the period | 9904 | €86,318 | €339,738 | +€253,420 | +293.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,318 | €339,738 | +€253,420 | +293.6% |
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 6 October 2026 via checked.be.