IMAGE-IN: 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-IN
Largest movements
- Cash +€112,495
up €112,495 (+52.2%), from €215,491 to €327,986
mainly Net result for the year (+€292,537) and Other debts (+€226,428)
- Current investments -€97,600
down €97,600 (-30.1%), from €323,750 to €226,150
- Receivables within one year +€52,849
up €52,849 (+51.4%), from €102,800 to €155,649
- Intangible fixed assets -€20,000
down €20,000 (-14.3%), from €140,000 to €120,000
- Tangible fixed assets -€11,109
down €11,109 (-20.6%), from €53,929 to €42,820
of which Furniture and vehicles: -€10,490
- Other debts +€226,428
up €226,428 (+165.8%), from €136,599 to €363,027
- Profit (loss) carried forward -€105,136
down €105,136 (-100.0%), from €105,136 to €0
- Tax, wage and social debts -€54,830
down €54,830 (-47.9%), from €114,446 to €59,616
of which Taxes: -€54,830
- Debts after one year -€28,773
down €28,773 (-31.3%), from €91,971 to €63,198
- Gross operating margin +€46,562
up €46,562 (+12.6%), from €370,927 to €417,489
- Taxes +€12,540
up €12,540 (+15.7%), from €79,897 to €92,437
- Financial income +€4,183
up €4,183 (+41830200.0%), from €0 to €4,183
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 | €836,118 | €874,266 | +€38,148 | +4.6% |
| Fixed assets | 21/28 | €193,929 | €162,820 | -€31,109 | -16.0% |
| Intangible fixed assets | 21 | €140,000 | €120,000 | -€20,000 | -14.3% |
| Tangible fixed assets | 22/27 | €53,929 | €42,820 | -€11,109 | -20.6% |
| Land and buildings | 22 | €3,220 | €2,877 | -€343 | -10.6% |
| Plant, machinery and equipment | 23 | €1,137 | €860 | -€276 | -24.3% |
| Furniture and vehicles | 24 | €49,573 | €39,083 | -€10,490 | -21.2% |
| Current assets | 29/58 | €642,189 | €711,446 | +€69,257 | +10.8% |
| Amounts receivable within one year | 40/41 | €102,800 | €155,649 | +€52,849 | +51.4% |
| Trade receivables | 40 | €102,800 | €155,649 | +€52,849 | +51.4% |
| Current investments | 50/53 | €323,750 | €226,150 | -€97,600 | -30.1% |
| Cash at bank and in hand | 54/58 | €215,491 | €327,986 | +€112,495 | +52.2% |
| Deferred charges and accrued income | 490/1 | €148 | €1,661 | +€1,513 | +1023.3% |
| Total equity and liabilities | 10/49 | €836,118 | €874,266 | +€38,148 | +4.6% |
| Equity | 10/15 | €464,316 | €359,180 | -€105,136 | -22.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €355,680 | €355,680 | = | 0.0% |
| Distributable reserves | 133 | €355,680 | €355,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,136 | €0 | -€105,136 | -100.0% |
| Amounts payable | 17/49 | €371,802 | €515,085 | +€143,284 | +38.5% |
| Amounts payable after more than one year | 17 | €91,971 | €63,198 | -€28,773 | -31.3% |
| Financial debts | 170/4 | €91,971 | €63,198 | -€28,773 | -31.3% |
| Amounts payable within one year | 42/48 | €279,830 | €451,887 | +€172,057 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €28,526 | €28,773 | +€247 | +0.9% |
| Trade debts | 44 | €260 | €472 | +€212 | +81.6% |
| Suppliers | 440/4 | €260 | €472 | +€212 | +81.6% |
| Taxes, remuneration and social security | 45 | €114,446 | €59,616 | -€54,830 | -47.9% |
| Taxes | 450/3 | €114,446 | €59,616 | -€54,830 | -47.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €136,599 | €363,027 | +€226,428 | +165.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,902 | €32,438 | +€1,536 | +5.0% |
| Other operating charges | 640/8 | €1,592 | €1,364 | -€228 | -14.3% |
| Gross operating margin | 9900 | €370,927 | €417,489 | +€46,562 | +12.6% |
| Operating profit (loss) | 9901 | €338,433 | €383,687 | +€45,254 | +13.4% |
| Financial income | 75/76B | €0 | €4,183 | +€4,183 | +41830200.0% |
| Recurring financial income | 75 | €0 | €4,183 | +€4,183 | +41830200.0% |
| Financial charges | 65/66B | €3,400 | €2,896 | -€505 | -14.8% |
| Recurring financial charges | 65 | €3,400 | €2,896 | -€505 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €335,033 | €384,975 | +€49,941 | +14.9% |
| Income taxes | 67/77 | €79,897 | €92,437 | +€12,540 | +15.7% |
| Profit (loss) for the period | 9904 | €255,136 | €292,537 | +€37,401 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €255,136 | €292,537 | +€37,401 | +14.7% |
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.