IMAGE DEPOT: what changed
What changed
IMAGE DEPOT
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€29,172
2024 · €31,108-€1,936
Equity
€452,377
2024 · €423,205+€29,172
Cash
€104,722
2024 · €80,662+€24,061
Balance sheet total
€470,510
2024 · €468,051+€2,458
Largest movements
Assets
- Cash +€24,061
up €24,061 (+29.8%), from €80,662 to €104,722
mainly Net result for the year (+€29,172) and Depreciation (+€19,850)
- Tangible fixed assets -€19,850
down €19,850 (-6.8%), from €290,281 to €270,431
of which Furniture and vehicles: -€13,979
Equity and liabilities
- Reserves +€29,172
up €29,172 (+7.7%), from €379,478 to €408,649
- Current portion of long-term debt -€10,713
down €10,713 (-59.9%), from €17,883 to €7,169
- Tax, wage and social debts -€10,268
down €10,268 (-58.4%), from €17,577 to €7,309
- Debts after one year -€7,169
down €7,169 (-100%), from €7,169 to €0
Income statement
- Gross operating margin -€2,954
down €2,954 (-4.1%), from €71,388 to €68,433
- Taxes -€948
down €948 (-6.3%), from €15,043 to €14,095
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€31,108
Gross operating margin
-€2,954
Other operating charges
+€63
Financial income
-€28
Financial charges
+€35
Taxes
+€948
Result 2025
€29,172
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€40,258
Investment
€0
Financing
-€16,197
Cash 2024
€80,662
From operations (derived)
+€40,258
Net result for the year
+€29,172
Depreciation
+€19,850
Receivables within one year
+€1,901
Deferred charges and accrued income
-€148
Trade debts
-€104
Tax, wage and social debts
-€10,268
Accrued charges and deferred income
-€144
Financing
-€16,197
Debts after one year
-€7,169
Current portion of long-term debt
-€10,713
Short-term financial debts
+€1,685
Cash 2025
€104,722
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €468,051 | €470,510 | +€2,458 | +0.5% |
| Fixed assets | 21/28 | €366,412 | €346,562 | -€19,850 | -5.4% |
| Tangible fixed assets | 22/27 | €290,281 | €270,431 | -€19,850 | -6.8% |
| Land and buildings | 22 | €270,098 | €264,227 | -€5,871 | -2.2% |
| Furniture and vehicles | 24 | €20,183 | €6,204 | -€13,979 | -69.3% |
| Financial fixed assets | 28 | €76,131 | €76,131 | = | 0.0% |
| Current assets | 29/58 | €101,639 | €123,948 | +€22,309 | +21.9% |
| Amounts receivable within one year | 40/41 | €18,717 | €16,816 | -€1,901 | -10.2% |
| Trade receivables | 40 | €6,050 | €12,100 | +€6,050 | +100% |
| Other amounts receivable | 41 | €12,667 | €4,716 | -€7,951 | -62.8% |
| Cash at bank and in hand | 54/58 | €80,662 | €104,722 | +€24,061 | +29.8% |
| Deferred charges and accrued income | 490/1 | €2,261 | €2,409 | +€148 | +6.6% |
| Total equity and liabilities | 10/49 | €468,051 | €470,510 | +€2,458 | +0.5% |
| Equity | 10/15 | €423,205 | €452,377 | +€29,172 | +6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €379,478 | €408,649 | +€29,172 | +7.7% |
| Distributable reserves | 133 | €379,478 | €408,649 | +€29,172 | +7.7% |
| Profit (loss) carried forward | 14 | €37,528 | €37,528 | = | 0.0% |
| Amounts payable | 17/49 | €44,846 | €18,133 | -€26,713 | -59.6% |
| Amounts payable after more than one year | 17 | €7,169 | €0 | -€7,169 | -100% |
| Financial debts | 170/4 | €7,169 | €0 | -€7,169 | -100% |
| Amounts payable within one year | 42/48 | €37,307 | €17,907 | -€19,401 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €17,883 | €7,169 | -€10,713 | -59.9% |
| Financial debts | 43 | €1,695 | €3,380 | +€1,685 | +99.4% |
| Credit institutions | 430/8 | €1,695 | €3,380 | +€1,685 | +99.4% |
| Trade debts | 44 | €152 | €48 | -€104 | -68.3% |
| Suppliers | 440/4 | €152 | €48 | -€104 | -68.3% |
| Taxes, remuneration and social security | 45 | €17,577 | €7,309 | -€10,268 | -58.4% |
| Taxes | 450/3 | €17,577 | €7,309 | -€10,268 | -58.4% |
| Accrued charges and deferred income | 492/3 | €370 | €226 | -€144 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,850 | €19,850 | = | 0.0% |
| Other operating charges | 640/8 | €4,791 | €4,728 | -€63 | -1.3% |
| Gross operating margin | 9900 | €71,388 | €68,433 | -€2,954 | -4.1% |
| Operating profit (loss) | 9901 | €46,747 | €43,855 | -€2,892 | -6.2% |
| Financial income | 75/76B | €166 | €138 | -€28 | -16.7% |
| Recurring financial income | 75 | €166 | €138 | -€28 | -16.7% |
| Financial charges | 65/66B | €762 | €727 | -€35 | -4.7% |
| Recurring financial charges | 65 | €762 | €727 | -€35 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €46,150 | €43,267 | -€2,884 | -6.2% |
| Income taxes | 67/77 | €15,043 | €14,095 | -€948 | -6.3% |
| Profit (loss) for the period | 9904 | €31,108 | €29,172 | -€1,936 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,108 | €29,172 | -€1,936 | -6.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.