IMAGE ET COMMUNICATION: 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.
IMAGE ET COMMUNICATION
Largest movements
- Cash -€14,920
down €14,920 (-18.4%), from €80,981 to €66,061
mainly Other debts (-€49,208) and Tax, wage and social debts (-€4,401)
- Receivables within one year -€5,832
down €5,832 (-3.1%), from €189,445 to €183,614
of which Trade receivables: -€23,749
- Other debts -€49,208
no longer reported in 2025 (was €49,208)
- Reserves +€31,038
up €31,038 (+78.5%), from €39,550 to €70,588
of which Distributable reserves: +€31,038
- Tax, wage and social debts -€4,401
down €4,401 (-10.3%), from €42,863 to €38,462
of which Remuneration and social security: -€17,947
- Gross operating margin -€96,183
down €96,183 (-36.8%), from €261,368 to €165,185
- Staff costs -€84,432
down €84,432 (-43.6%), from €193,801 to €109,370
- Write-downs -€9,880
new in 2025: -€9,880
- Other operating charges +€7,318
up €7,318 (+203.5%), from €3,596 to €10,914
- Taxes -€4,470
down €4,470 (-20.3%), from €22,004 to €17,533
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 | €274,640 | €250,683 | -€23,957 | -8.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,688 | €1,008 | -€2,679 | -72.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,688 | €1,008 | -€2,679 | -72.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,175 | €0 | -€2,175 | -100.0% |
| Other tangible fixed assets | 26 | €1,513 | €1,008 | -€504 | -33.3% |
| Current assets | 29/58 | €270,952 | €249,674 | -€21,278 | -7.9% |
| Amounts receivable within one year | 40/41 | €189,445 | €183,614 | -€5,832 | -3.1% |
| Trade receivables | 40 | €189,445 | €165,696 | -€23,749 | -12.5% |
| Other amounts receivable | 41 | - | €17,917 | +€17,917 | |
| Cash at bank and in hand | 54/58 | €80,981 | €66,061 | -€14,920 | -18.4% |
| Deferred charges and accrued income | 490/1 | €526 | - | -€526 | |
| Total equity and liabilities | 10/49 | €274,640 | €250,683 | -€23,957 | -8.7% |
| Equity | 10/15 | €87,652 | €118,691 | +€31,039 | +35.4% |
| Contributions | 10/11 | €18,599 | €18,599 | = | 0.0% |
| Reserves | 13 | €39,550 | €70,588 | +€31,038 | +78.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,690 | €68,728 | +€31,038 | +82.4% |
| Profit (loss) carried forward | 14 | €29,503 | €29,503 | +€1 | 0.0% |
| Amounts payable | 17/49 | €186,988 | €131,992 | -€54,996 | -29.4% |
| Amounts payable within one year | 42/48 | €186,988 | €131,992 | -€54,996 | -29.4% |
| Trade debts | 44 | €94,917 | €93,530 | -€1,387 | -1.5% |
| Suppliers | 440/4 | €94,917 | €93,530 | -€1,387 | -1.5% |
| Taxes, remuneration and social security | 45 | €42,863 | €38,462 | -€4,401 | -10.3% |
| Taxes | 450/3 | €17,540 | €31,085 | +€13,546 | +77.2% |
| Remuneration and social security | 454/9 | €25,323 | €7,376 | -€17,947 | -70.9% |
| Other amounts payable | 47/48 | €49,208 | - | -€49,208 | |
| Remuneration, social security and pensions | 62 | €193,801 | €109,370 | -€84,432 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,839 | €504 | -€1,334 | -72.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€9,880 | -€9,880 | |
| Other operating charges | 640/8 | €3,596 | €10,914 | +€7,318 | +203.5% |
| Gross operating margin | 9900 | €261,368 | €165,185 | -€96,183 | -36.8% |
| Operating profit (loss) | 9901 | €62,132 | €54,277 | -€7,856 | -12.6% |
| Financial income | 75/76B | €2,786 | €545 | -€2,241 | -80.4% |
| Recurring financial income | 75 | €2,786 | €545 | -€2,241 | -80.4% |
| Financial charges | 65/66B | €5,214 | €6,250 | +€1,036 | +19.9% |
| Recurring financial charges | 65 | €3,086 | €5,250 | +€2,164 | +70.1% |
| Non-recurring financial charges | 66B | €2,128 | €1,000 | -€1,128 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €59,704 | €48,572 | -€11,132 | -18.6% |
| Income taxes | 67/77 | €22,004 | €17,533 | -€4,470 | -20.3% |
| Profit (loss) for the period | 9904 | €37,701 | €31,039 | -€6,662 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,701 | €31,039 | -€6,662 | -17.7% |
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 12 October 2026 via checked.be.