IMAGE-ZONE: 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-ZONE
Largest movements
- Tangible fixed assets -€19,117
down €19,117 (-15.6%), from €122,331 to €103,214
of which Furniture and vehicles: -€10,686
- Receivables within one year -€1,765
down €1,765 (-4.1%), from €42,947 to €41,182
of which Other amounts receivable: -€3,871
- Profit (loss) carried forward -€15,231
down €15,231 (-10.7%), from -€142,156 to -€157,387
- Other debts -€2,790
down €2,790 (-14.5%), from €19,264 to €16,475
- Trade debts -€2,386
down €2,386 (-18.7%), from €12,731 to €10,344
- Gross operating margin +€4,992
up €4,992 (+290.7%), from €1,717 to €6,709
- Financial charges +€487
up €487 (+723.4%), from €67 to €554
- Depreciation -€485
down €485 (-2.3%), from €20,873 to €20,389
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 | €167,439 | €147,032 | -€20,407 | -12.2% |
| Fixed assets | 21/28 | €122,331 | €103,214 | -€19,117 | -15.6% |
| Tangible fixed assets | 22/27 | €122,331 | €103,214 | -€19,117 | -15.6% |
| Land and buildings | 22 | €61,357 | €55,728 | -€5,628 | -9.2% |
| Plant, machinery and equipment | 23 | €5,730 | €2,927 | -€2,803 | -48.9% |
| Furniture and vehicles | 24 | €33,302 | €22,616 | -€10,686 | -32.1% |
| Assets under construction and advance payments | 27 | €21,942 | €21,942 | = | 0.0% |
| Current assets | 29/58 | €45,109 | €43,819 | -€1,290 | -2.9% |
| Amounts receivable within one year | 40/41 | €42,947 | €41,182 | -€1,765 | -4.1% |
| Trade receivables | 40 | €37,435 | €39,541 | +€2,106 | +5.6% |
| Other amounts receivable | 41 | €5,512 | €1,641 | -€3,871 | -70.2% |
| Cash at bank and in hand | 54/58 | €258 | €1,766 | +€1,507 | +583.4% |
| Deferred charges and accrued income | 490/1 | €1,903 | €871 | -€1,032 | -54.3% |
| Total equity and liabilities | 10/49 | €167,439 | €147,032 | -€20,407 | -12.2% |
| Equity | 10/15 | -€123,556 | -€138,787 | -€15,231 | -12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,156 | -€157,387 | -€15,231 | -10.7% |
| Amounts payable | 17/49 | €290,995 | €285,819 | -€5,176 | -1.8% |
| Amounts payable after more than one year | 17 | €259,000 | €259,000 | = | 0.0% |
| Financial debts | 170/4 | €259,000 | €259,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,995 | €26,819 | -€5,176 | -16.2% |
| Trade debts | 44 | €12,731 | €10,344 | -€2,386 | -18.7% |
| Suppliers | 440/4 | €12,731 | €10,344 | -€2,386 | -18.7% |
| Other amounts payable | 47/48 | €19,264 | €16,475 | -€2,790 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,873 | €20,389 | -€485 | -2.3% |
| Other operating charges | 640/8 | €1,040 | €997 | -€43 | -4.1% |
| Gross operating margin | 9900 | €1,717 | €6,709 | +€4,992 | +290.7% |
| Operating profit (loss) | 9901 | -€20,196 | -€14,677 | +€5,519 | +27.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €67 | €554 | +€487 | +723.4% |
| Recurring financial charges | 65 | €67 | €554 | +€487 | +723.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,259 | -€15,231 | +€5,028 | +24.8% |
| Profit (loss) for the period | 9904 | -€20,259 | -€15,231 | +€5,028 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,259 | -€15,231 | +€5,028 | +24.8% |
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 30 September 2026 via checked.be.