IMAG'IN: 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'IN
Largest movements
- Cash -€6,370
down €6,370 (-67.1%), from €9,488 to €3,118
mainly Net result for the year (-€2,421) and Stocks and contracts (-€2,058)
- Stocks and contracts +€2,058
up €2,058 (+44.0%), from €4,677 to €6,735
- Deferred charges and accrued income -€417
no longer reported in 2025 (was €417)
- Tangible fixed assets +€155
up €155 (+91.3%), from €170 to €325
- Profit (loss) carried forward -€2,421
down €2,421 (-4.2%), from -€57,432 to -€59,853
- Tax, wage and social debts -€1,017
down €1,017 (-14.0%), from €7,259 to €6,242
of which Remuneration and social security: -€801
- Trade debts -€569
down €569 (-3.4%), from €16,524 to €15,955
- Other debts -€566
down €566 (-4.9%), from €11,604 to €11,038
- Purchases and services -€6,955
down €6,955 (-14.8%), from €47,057 to €40,102
- Gross operating margin +€4,233
up €4,233 (+14.5%), from €29,121 to €33,355
- Staff costs +€1,352
up €1,352 (+4.0%), from €33,448 to €34,800
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 | €14,764 | €10,191 | -€4,573 | -31.0% |
| Fixed assets | 21/28 | €182 | €337 | +€155 | +85.0% |
| Tangible fixed assets | 22/27 | €170 | €325 | +€155 | +91.3% |
| Plant, machinery and equipment | 23 | €170 | €325 | +€155 | +91.3% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €14,582 | €9,853 | -€4,728 | -32.4% |
| Stocks and contracts in progress | 3 | €4,677 | €6,735 | +€2,058 | +44.0% |
| Stocks | 30/36 | €4,677 | €6,735 | +€2,058 | +44.0% |
| Cash at bank and in hand | 54/58 | €9,488 | €3,118 | -€6,370 | -67.1% |
| Deferred charges and accrued income | 490/1 | €417 | - | -€417 | |
| Total equity and liabilities | 10/49 | €14,764 | €10,191 | -€4,573 | -31.0% |
| Equity | 10/15 | -€20,623 | -€23,044 | -€2,421 | -11.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,217 | €18,217 | = | 0.0% |
| Distributable reserves | 133 | €18,217 | €18,217 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,432 | -€59,853 | -€2,421 | -4.2% |
| Amounts payable | 17/49 | €35,387 | €33,235 | -€2,152 | -6.1% |
| Amounts payable within one year | 42/48 | €35,387 | €33,235 | -€2,152 | -6.1% |
| Trade debts | 44 | €16,524 | €15,955 | -€569 | -3.4% |
| Suppliers | 440/4 | €16,524 | €15,955 | -€569 | -3.4% |
| Taxes, remuneration and social security | 45 | €7,259 | €6,242 | -€1,017 | -14.0% |
| Taxes | 450/3 | €5,158 | €4,942 | -€216 | -4.2% |
| Remuneration and social security | 454/9 | €2,101 | €1,300 | -€801 | -38.1% |
| Other amounts payable | 47/48 | €11,604 | €11,038 | -€566 | -4.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €47,057 | €40,102 | -€6,955 | -14.8% |
| Remuneration, social security and pensions | 62 | €33,448 | €34,800 | +€1,352 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37 | €150 | +€113 | +308.6% |
| Other operating charges | 640/8 | €158 | €162 | +€4 | +2.7% |
| Gross operating margin | 9900 | €29,121 | €33,355 | +€4,233 | +14.5% |
| Operating profit (loss) | 9901 | -€4,521 | -€1,757 | +€2,764 | +61.1% |
| Financial income | 75/76B | €2 | €2 | = | 0.0% |
| Recurring financial income | 75 | €2 | €2 | = | 0.0% |
| Financial charges | 65/66B | €928 | €666 | -€262 | -28.3% |
| Recurring financial charges | 65 | €928 | €666 | -€262 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,448 | -€2,421 | +€3,026 | +55.5% |
| Profit (loss) for the period | 9904 | -€5,448 | -€2,421 | +€3,026 | +55.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,448 | -€2,421 | +€3,026 | +55.5% |
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 8 October 2026 via checked.be.