IMAG'IN IT: 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.
IMAG'IN IT
Largest movements
- Tangible fixed assets +€20,668
up €20,668 (+17.3%), from €119,339 to €140,007
of which Land and buildings: +€27,471
- Cash -€20,482
down €20,482 (-26.4%), from €77,598 to €57,115
mainly Contributions, distributions and other (-€60,000) and Investment in fixed assets (net) (-€39,921)
- Receivables within one year +€4,949
up €4,949 (+7.8%), from €63,571 to €68,520
of which Trade receivables: +€11,944
- Other debts -€10,924
down €10,924 (-97.8%), from €11,175 to €251
- Reserves +€9,000
up €9,000 (+8.2%), from €110,000 to €119,000
- Trade debts -€5,397
down €5,397 (-72.1%), from €7,485 to €2,089
- Debts after one year +€4,538
up €4,538 (+9.9%), from €45,644 to €50,182
- Tax, wage and social debts +€3,658
up €3,658 (+13.3%), from €27,554 to €31,212
of which Taxes: +€9,667
- Gross operating margin +€27,939
up €27,939 (+12.4%), from €225,861 to €253,800
- Taxes +€6,121
up €6,121 (+25.2%), from €24,318 to €30,439
- Staff costs +€5,326
up €5,326 (+5.9%), from €89,615 to €94,942
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 | €270,238 | €273,284 | +€3,047 | +1.1% |
| Fixed assets | 21/28 | €119,339 | €140,007 | +€20,668 | +17.3% |
| Tangible fixed assets | 22/27 | €119,339 | €140,007 | +€20,668 | +17.3% |
| Land and buildings | 22 | €85,536 | €113,007 | +€27,471 | +32.1% |
| Plant, machinery and equipment | 23 | €1,905 | €4,015 | +€2,110 | +111% |
| Furniture and vehicles | 24 | €31,899 | €22,985 | -€8,913 | -27.9% |
| Current assets | 29/58 | €150,898 | €133,277 | -€17,621 | -11.7% |
| Amounts receivable within one year | 40/41 | €63,571 | €68,520 | +€4,949 | +7.8% |
| Trade receivables | 40 | €54,014 | €65,959 | +€11,944 | +22.1% |
| Other amounts receivable | 41 | €9,557 | €2,561 | -€6,996 | -73.2% |
| Cash at bank and in hand | 54/58 | €77,598 | €57,115 | -€20,482 | -26.4% |
| Deferred charges and accrued income | 490/1 | €9,729 | €7,642 | -€2,087 | -21.5% |
| Total equity and liabilities | 10/49 | €270,238 | €273,284 | +€3,047 | +1.1% |
| Equity | 10/15 | €161,414 | €170,623 | +€9,210 | +5.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €110,000 | €119,000 | +€9,000 | +8.2% |
| Distributable reserves | 133 | €110,000 | €119,000 | +€9,000 | +8.2% |
| Profit (loss) carried forward | 14 | €43,354 | €43,563 | +€210 | +0.5% |
| Amounts payable | 17/49 | €108,824 | €102,661 | -€6,163 | -5.7% |
| Amounts payable after more than one year | 17 | €45,644 | €50,182 | +€4,538 | +9.9% |
| Financial debts | 170/4 | €45,644 | €50,182 | +€4,538 | +9.9% |
| Amounts payable within one year | 42/48 | €63,180 | €52,364 | -€10,816 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €16,966 | €18,812 | +€1,846 | +10.9% |
| Trade debts | 44 | €7,485 | €2,089 | -€5,397 | -72.1% |
| Suppliers | 440/4 | €7,485 | €2,089 | -€5,397 | -72.1% |
| Taxes, remuneration and social security | 45 | €27,554 | €31,212 | +€3,658 | +13.3% |
| Taxes | 450/3 | €10,433 | €20,100 | +€9,667 | +92.7% |
| Remuneration and social security | 454/9 | €17,122 | €11,113 | -€6,009 | -35.1% |
| Other amounts payable | 47/48 | €11,175 | €251 | -€10,924 | -97.8% |
| Accrued charges and deferred income | 492/3 | - | €115 | +€115 | |
| Remuneration, social security and pensions | 62 | €89,615 | €94,942 | +€5,326 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,692 | €19,253 | -€439 | -2.2% |
| Other operating charges | 640/8 | €4,210 | €4,434 | +€224 | +5.3% |
| Gross operating margin | 9900 | €225,861 | €253,800 | +€27,939 | +12.4% |
| Operating profit (loss) | 9901 | €112,343 | €135,171 | +€22,828 | +20.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €34,096 | €35,525 | +€1,428 | +4.2% |
| Recurring financial charges | 65 | €2,575 | €2,507 | -€68 | -2.6% |
| Non-recurring financial charges | 66B | €31,521 | €33,017 | +€1,496 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €78,247 | €99,649 | +€21,401 | +27.4% |
| Income taxes | 67/77 | €24,318 | €30,439 | +€6,121 | +25.2% |
| Profit (loss) for the period | 9904 | €53,929 | €69,210 | +€15,281 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,929 | €69,210 | +€15,281 | +28.3% |
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 17 October 2026 via checked.be.