IMAGE-IN: 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-IN
Largest movements
- Cash +€19,115
up €19,115 (+40.9%), from €46,726 to €65,841
mainly Net result for the year (+€6,353) and Other debts (+€5,826)
- Tangible fixed assets -€2,434
down €2,434 (-20.5%), from €11,853 to €9,419
of which Plant, machinery and equipment: -€2,109
- Receivables within one year -€2,191
down €2,191 (-35.4%), from €6,188 to €3,997
- Stocks and contracts +€1,832
up €1,832 (+28.9%), from €6,343 to €8,175
- Reserves +€6,353
up €6,353 (+108.4%), from €5,860 to €12,213
of which Distributable reserves: +€6,353
- Other debts +€5,826
up €5,826 (+45.8%), from €12,715 to €18,542
- Trade debts +€3,498
up €3,498 (+421.4%), from €830 to €4,328
- Staff costs -€3,506
down €3,506 (-2.1%), from €166,835 to €163,328
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 | €96,110 | €112,432 | +€16,322 | +17.0% |
| Fixed assets | 21/28 | €11,853 | €9,419 | -€2,434 | -20.5% |
| Tangible fixed assets | 22/27 | €11,853 | €9,419 | -€2,434 | -20.5% |
| Land and buildings | 22 | €2,502 | €2,177 | -€325 | -13.0% |
| Plant, machinery and equipment | 23 | €9,351 | €7,242 | -€2,109 | -22.6% |
| Current assets | 29/58 | €84,257 | €103,013 | +€18,756 | +22.3% |
| Stocks and contracts in progress | 3 | €6,343 | €8,175 | +€1,832 | +28.9% |
| Stocks | 30/36 | €6,343 | €8,175 | +€1,832 | +28.9% |
| Amounts receivable within one year | 40/41 | €6,188 | €3,997 | -€2,191 | -35.4% |
| Trade receivables | 40 | €6,188 | €3,997 | -€2,191 | -35.4% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,726 | €65,841 | +€19,115 | +40.9% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €96,110 | €112,432 | +€16,322 | +17.0% |
| Equity | 10/15 | €58,279 | €64,632 | +€6,353 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,860 | €12,213 | +€6,353 | +108.4% |
| 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 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | - | €6,353 | +€6,353 | |
| Profit (loss) carried forward | 14 | €33,819 | €33,819 | = | 0.0% |
| Amounts payable | 17/49 | €37,831 | €47,800 | +€9,969 | +26.4% |
| Amounts payable within one year | 42/48 | €37,456 | €47,800 | +€10,344 | +27.6% |
| Trade debts | 44 | €830 | €4,328 | +€3,498 | +421.4% |
| Suppliers | 440/4 | €830 | €4,328 | +€3,498 | +421.4% |
| Taxes, remuneration and social security | 45 | €23,910 | €24,929 | +€1,019 | +4.3% |
| Taxes | 450/3 | €8,261 | €10,815 | +€2,555 | +30.9% |
| Remuneration and social security | 454/9 | €15,650 | €14,114 | -€1,536 | -9.8% |
| Other amounts payable | 47/48 | €12,715 | €18,542 | +€5,826 | +45.8% |
| Accrued charges and deferred income | 492/3 | €375 | €0 | -€375 | -100.0% |
| Remuneration, social security and pensions | 62 | €166,835 | €163,328 | -€3,506 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,652 | €2,434 | -€218 | -8.2% |
| Other operating charges | 640/8 | €1,351 | €1,521 | +€170 | +12.6% |
| Gross operating margin | 9900 | €177,165 | €177,688 | +€522 | +0.3% |
| Operating profit (loss) | 9901 | €6,327 | €10,404 | +€4,077 | +64.4% |
| Financial income | 75/76B | €628 | €21 | -€606 | -96.6% |
| Recurring financial income | 75 | €628 | €21 | -€606 | -96.6% |
| Financial charges | 65/66B | €989 | €1,283 | +€294 | +29.8% |
| Recurring financial charges | 65 | €989 | €1,283 | +€294 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €5,966 | €9,143 | +€3,176 | +53.2% |
| Income taxes | 67/77 | €1,389 | €2,789 | +€1,401 | +100.9% |
| Profit (loss) for the period | 9904 | €4,577 | €6,353 | +€1,776 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,577 | €6,353 | +€1,776 | +38.8% |
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 4 October 2026 via checked.be.