IMAGE IMMO: 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 IMMO
Largest movements
- Cash +€86,298
up €86,298 (+3132.8%), from €2,755 to €89,052
mainly Other debts (+€129,496) and Receivables within one year (+€20,669)
- Receivables within one year -€20,669
down €20,669 (-85.9%), from €24,056 to €3,387
of which Other amounts receivable: -€19,503
- Tangible fixed assets -€5,777
down €5,777 (-72.9%), from €7,926 to €2,149
of which Leasing and similar rights: -€4,454
- Other debts +€129,496
up €129,496 (+863.3%), from €15,000 to €144,496
- Trade debts -€35,799
down €35,799 (-73.8%), from €48,494 to €12,695
- Tax, wage and social debts -€18,076
down €18,076 (-33.4%), from €54,089 to €36,013
of which Remuneration and social security: -€12,672
- Debts after one year -€8,522
down €8,522 (-28.4%), from €29,991 to €21,469
- Accrued charges and deferred income -€7,946
down €7,946 (-100.0%), from €7,946 to €0
- Staff costs -€56,976
down €56,976 (-44.2%), from €128,997 to €72,021
- Gross operating margin -€19,531
down €19,531 (-17.2%), from €113,497 to €93,966
- Other operating charges +€4,123
up €4,123 (+92.5%), from €4,456 to €8,579
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 | €35,315 | €95,173 | +€59,859 | +169.5% |
| Fixed assets | 21/28 | €7,926 | €2,149 | -€5,777 | -72.9% |
| Tangible fixed assets | 22/27 | €7,926 | €2,149 | -€5,777 | -72.9% |
| Land and buildings | 22 | €384 | €34 | -€350 | -91.2% |
| Plant, machinery and equipment | 23 | €204 | €38 | -€167 | -81.5% |
| Furniture and vehicles | 24 | €1,968 | €1,162 | -€806 | -41.0% |
| Leasing and similar rights | 25 | €5,369 | €915 | -€4,454 | -83.0% |
| Current assets | 29/58 | €27,389 | €93,025 | +€65,636 | +239.6% |
| Amounts receivable within one year | 40/41 | €24,056 | €3,387 | -€20,669 | -85.9% |
| Trade receivables | 40 | €4,553 | €3,387 | -€1,167 | -25.6% |
| Other amounts receivable | 41 | €19,503 | €0 | -€19,503 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,755 | €89,052 | +€86,298 | +3132.8% |
| Deferred charges and accrued income | 490/1 | €578 | €586 | +€7 | +1.3% |
| Total equity and liabilities | 10/49 | €35,315 | €95,173 | +€59,859 | +169.5% |
| Equity | 10/15 | -€130,623 | -€127,652 | +€2,971 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,881 | €23,881 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €17,564 | €17,564 | = | 0.0% |
| Distributable reserves | 133 | €4,458 | €6,318 | +€1,860 | +41.7% |
| Profit (loss) carried forward | 14 | -€173,104 | -€170,133 | +€2,971 | +1.7% |
| Amounts payable | 17/49 | €165,938 | €222,825 | +€56,888 | +34.3% |
| Amounts payable after more than one year | 17 | €29,991 | €21,469 | -€8,522 | -28.4% |
| Financial debts | 170/4 | €29,991 | €21,469 | -€8,522 | -28.4% |
| Amounts payable within one year | 42/48 | €128,001 | €201,356 | +€73,356 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €10,413 | €8,153 | -€2,260 | -21.7% |
| Financial debts | 43 | €5 | €0 | -€5 | -100.0% |
| Credit institutions | 430/8 | €5 | €0 | -€5 | -100.0% |
| Trade debts | 44 | €48,494 | €12,695 | -€35,799 | -73.8% |
| Suppliers | 440/4 | €48,494 | €12,695 | -€35,799 | -73.8% |
| Taxes, remuneration and social security | 45 | €54,089 | €36,013 | -€18,076 | -33.4% |
| Taxes | 450/3 | €18,048 | €12,644 | -€5,405 | -29.9% |
| Remuneration and social security | 454/9 | €36,041 | €23,369 | -€12,672 | -35.2% |
| Other amounts payable | 47/48 | €15,000 | €144,496 | +€129,496 | +863.3% |
| Accrued charges and deferred income | 492/3 | €7,946 | €0 | -€7,946 | -100.0% |
| Non-recurring operating income | 76A | €10,006 | €0 | -€10,006 | -100.0% |
| Remuneration, social security and pensions | 62 | €128,997 | €72,021 | -€56,976 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,966 | €5,777 | -€189 | -3.2% |
| Other operating charges | 640/8 | €4,456 | €8,579 | +€4,123 | +92.5% |
| Gross operating margin | 9900 | €113,497 | €93,966 | -€19,531 | -17.2% |
| Operating profit (loss) | 9901 | -€25,922 | €7,589 | +€33,511 | |
| Financial income | 75/76B | €1,127 | €1,026 | -€100 | -8.9% |
| Recurring financial income | 75 | €1,127 | €1,026 | -€100 | -8.9% |
| Financial charges | 65/66B | €6,165 | €5,502 | -€663 | -10.8% |
| Recurring financial charges | 65 | €6,165 | €5,502 | -€663 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,960 | €3,114 | +€34,074 | |
| Income taxes | 67/77 | €833 | €143 | -€690 | -82.9% |
| Profit (loss) for the period | 9904 | -€31,793 | €2,971 | +€34,764 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,793 | €2,971 | +€34,764 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.