Imag!n: 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!n
Largest movements
- Cash -€17,159
down €17,159 (-46.4%), from €37,013 to €19,854
mainly Net result for the year (-€13,041) and Debts after one year (-€4,462)
- Tangible fixed assets -€7,876
down €7,876 (-23.7%), from €33,252 to €25,376
of which Furniture and vehicles: -€6,198
- Receivables within one year -€4,023
down €4,023 (-19.4%), from €20,700 to €16,677
of which Trade receivables: -€4,023
- Deferred charges and accrued income +€2,509
up €2,509 (+96.3%), from €2,605 to €5,114
- Profit (loss) carried forward -€13,041
down €13,041 (-172.3%), from -€7,569 to -€20,610
- Debts after one year -€4,462
down €4,462 (-36.1%), from €12,346 to €7,884
- Trade debts -€4,454
down €4,454 (-57.7%), from €7,725 to €3,271
- Tax, wage and social debts -€2,449
down €2,449 (-28.3%), from €8,658 to €6,209
- Other debts -€2,287
down €2,287 (-9.3%), from €24,553 to €22,266
- Gross operating margin -€15,468
down €15,468, from €14,727 to -€740
- Other operating charges -€6,657
down €6,657 (-67.2%), from €9,906 to €3,250
- Depreciation +€3,566
up €3,566 (+82.7%), from €4,310 to €7,876
- Financial charges +€314
up €314 (+55.2%), from €569 to €883
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 | €97,169 | €70,621 | -€26,549 | -27.3% |
| Fixed assets | 21/28 | €36,852 | €28,976 | -€7,876 | -21.4% |
| Tangible fixed assets | 22/27 | €33,252 | €25,376 | -€7,876 | -23.7% |
| Plant, machinery and equipment | 23 | €5,068 | €3,390 | -€1,678 | -33.1% |
| Furniture and vehicles | 24 | €28,184 | €21,986 | -€6,198 | -22.0% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €60,317 | €41,644 | -€18,673 | -31.0% |
| Amounts receivable within one year | 40/41 | €20,700 | €16,677 | -€4,023 | -19.4% |
| Trade receivables | 40 | €20,700 | €16,677 | -€4,023 | -19.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €37,013 | €19,854 | -€17,159 | -46.4% |
| Deferred charges and accrued income | 490/1 | €2,605 | €5,114 | +€2,509 | +96.3% |
| Total equity and liabilities | 10/49 | €97,169 | €70,621 | -€26,549 | -27.3% |
| Equity | 10/15 | €43,631 | €30,590 | -€13,041 | -29.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,569 | -€20,610 | -€13,041 | -172.3% |
| Amounts payable | 17/49 | €53,538 | €40,031 | -€13,508 | -25.2% |
| Amounts payable after more than one year | 17 | €12,346 | €7,884 | -€4,462 | -36.1% |
| Financial debts | 170/4 | €12,346 | €7,884 | -€4,462 | -36.1% |
| Amounts payable within one year | 42/48 | €40,937 | €31,747 | -€9,190 | -22.4% |
| Trade debts | 44 | €7,725 | €3,271 | -€4,454 | -57.7% |
| Suppliers | 440/4 | €7,725 | €3,271 | -€4,454 | -57.7% |
| Taxes, remuneration and social security | 45 | €8,658 | €6,209 | -€2,449 | -28.3% |
| Taxes | 450/3 | €8,658 | €6,209 | -€2,449 | -28.3% |
| Other amounts payable | 47/48 | €24,553 | €22,266 | -€2,287 | -9.3% |
| Accrued charges and deferred income | 492/3 | €255 | €400 | +€144 | +56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,310 | €7,876 | +€3,566 | +82.7% |
| Other operating charges | 640/8 | €9,906 | €3,250 | -€6,657 | -67.2% |
| Gross operating margin | 9900 | €14,727 | -€740 | -€15,468 | |
| Operating profit (loss) | 9901 | €511 | -€11,865 | -€12,377 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €569 | €883 | +€314 | +55.2% |
| Recurring financial charges | 65 | €569 | €883 | +€314 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | -€58 | -€12,749 | -€12,691 | -22056.0% |
| Income taxes | 67/77 | €194 | €292 | +€99 | +50.8% |
| Profit (loss) for the period | 9904 | -€251 | -€13,041 | -€12,790 | -5090.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€251 | -€13,041 | -€12,790 | -5090.4% |
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 9 October 2026 via checked.be.