Image Energizer: 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.
Image Energizer
Largest movements
- Cash -€28,209
down €28,209 (-27.8%), from €101,390 to €73,181
mainly Trade debts (-€28,339) and Contributions, distributions and other (-€27,000)
- Deferred charges and accrued income +€18,000
up €18,000 (+38.1%), from €47,280 to €65,280
- Tangible fixed assets -€16,270
down €16,270 (-11.5%), from €142,017 to €125,748
of which Other tangible fixed assets: -€11,200
- Receivables within one year -€12,385
down €12,385 (-19.9%), from €62,287 to €49,902
of which Trade receivables: -€23,985
- Trade debts -€28,339
down €28,339 (-65.7%), from €43,150 to €14,811
- Debts after one year -€15,089
down €15,089 (-13.3%), from €113,312 to €98,222
- Taxes +€28,009
new in 2025: €28,009
- Gross operating margin -€6,332
down €6,332 (-7.9%), from €80,098 to €73,767
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 | €352,974 | €314,110 | -€38,863 | -11.0% |
| Fixed assets | 21/28 | €142,017 | €125,748 | -€16,270 | -11.5% |
| Tangible fixed assets | 22/27 | €142,017 | €125,748 | -€16,270 | -11.5% |
| Plant, machinery and equipment | 23 | €8,277 | €3,708 | -€4,569 | -55.2% |
| Furniture and vehicles | 24 | €740 | €240 | -€500 | -67.6% |
| Other tangible fixed assets | 26 | €133,000 | €121,800 | -€11,200 | -8.4% |
| Current assets | 29/58 | €210,956 | €188,363 | -€22,593 | -10.7% |
| Amounts receivable within one year | 40/41 | €62,287 | €49,902 | -€12,385 | -19.9% |
| Trade receivables | 40 | €62,287 | €38,302 | -€23,985 | -38.5% |
| Other amounts receivable | 41 | - | €11,600 | +€11,600 | |
| Cash at bank and in hand | 54/58 | €101,390 | €73,181 | -€28,209 | -27.8% |
| Deferred charges and accrued income | 490/1 | €47,280 | €65,280 | +€18,000 | +38.1% |
| Total equity and liabilities | 10/49 | €352,974 | €314,110 | -€38,863 | -11.0% |
| Equity | 10/15 | €196,403 | €197,295 | +€891 | +0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €184,003 | €184,895 | +€891 | +0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,250 | €32,250 | = | 0.0% |
| Distributable reserves | 133 | €149,893 | €150,785 | +€891 | +0.6% |
| Amounts payable | 17/49 | €156,570 | €116,816 | -€39,755 | -25.4% |
| Amounts payable after more than one year | 17 | €113,312 | €98,222 | -€15,089 | -13.3% |
| Financial debts | 170/4 | €113,312 | €98,222 | -€15,089 | -13.3% |
| Amounts payable within one year | 42/48 | €43,259 | €18,594 | -€24,665 | -57.0% |
| Trade debts | 44 | €43,150 | €14,811 | -€28,339 | -65.7% |
| Suppliers | 440/4 | €43,150 | €14,811 | -€28,339 | -65.7% |
| Taxes, remuneration and social security | 45 | €108 | €1,725 | +€1,617 | +1492.0% |
| Taxes | 450/3 | €108 | €1,725 | +€1,617 | +1492.0% |
| Other amounts payable | 47/48 | - | €2,057 | +€2,057 | |
| Non-recurring operating income | 76A | €166 | - | -€166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,581 | €16,270 | -€311 | -1.9% |
| Gross operating margin | 9900 | €80,098 | €73,767 | -€6,332 | -7.9% |
| Operating profit (loss) | 9901 | €63,517 | €57,497 | -€6,020 | -9.5% |
| Financial charges | 65/66B | €1,821 | €1,597 | -€225 | -12.3% |
| Recurring financial charges | 65 | €1,821 | €1,597 | -€225 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €61,696 | €55,900 | -€5,796 | -9.4% |
| Income taxes | 67/77 | - | €28,009 | +€28,009 | |
| Profit (loss) for the period | 9904 | €61,696 | €27,891 | -€33,804 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,696 | €27,891 | -€33,804 | -54.8% |
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 5 October 2026 via checked.be.