IMAGEBEELD PRODUCTION: 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.
IMAGEBEELD PRODUCTION
Largest movements
- Cash -€37,410
down €37,410 (-90.1%), from €41,541 to €4,131
mainly Other debts (-€16,086) and Net result for the year (-€10,704)
- Tangible fixed assets +€6,972
up €6,972 (+10886.5%), from €64 to €7,036
of which Furniture and vehicles: +€7,036
- Receivables within one year -€3,442
down €3,442 (-65.5%), from €5,255 to €1,814
of which Other amounts receivable: -€3,883
- Stocks and contracts +€3,113
up €3,113 (+5.5%), from €57,008 to €60,121
- Other debts -€16,086
down €16,086 (-17.3%), from €92,882 to €76,796
- Profit (loss) carried forward -€10,704
down €10,704 (-72.2%), from -€14,825 to -€25,529
- Trade debts -€3,918
down €3,918 (-80.4%), from €4,874 to €956
- Financial income -€100,027
down €100,027 (-99.7%), from €100,285 to €258
of which Non-recurring financial income: -€100,000
- Gross operating margin +€34,514
up €34,514 (+79.5%), from -€43,437 to -€8,923
- Depreciation +€1,143
up €1,143 (+458.5%), from €249 to €1,392
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 | €104,105 | €73,150 | -€30,955 | -29.7% |
| Fixed assets | 21/28 | €64 | €7,036 | +€6,972 | +10886.5% |
| Tangible fixed assets | 22/27 | €64 | €7,036 | +€6,972 | +10886.5% |
| Plant, machinery and equipment | 23 | €64 | - | -€64 | |
| Furniture and vehicles | 24 | - | €7,036 | +€7,036 | |
| Current assets | 29/58 | €104,041 | €66,114 | -€37,927 | -36.5% |
| Stocks and contracts in progress | 3 | €57,008 | €60,121 | +€3,113 | +5.5% |
| Stocks | 30/36 | €57,008 | €60,121 | +€3,113 | +5.5% |
| Amounts receivable within one year | 40/41 | €5,255 | €1,814 | -€3,442 | -65.5% |
| Trade receivables | 40 | €879 | €1,320 | +€441 | +50.2% |
| Other amounts receivable | 41 | €4,376 | €494 | -€3,883 | -88.7% |
| Cash at bank and in hand | 54/58 | €41,541 | €4,131 | -€37,410 | -90.1% |
| Deferred charges and accrued income | 490/1 | €236 | €48 | -€188 | -79.7% |
| Total equity and liabilities | 10/49 | €104,105 | €73,150 | -€30,955 | -29.7% |
| Equity | 10/15 | €5,175 | -€5,529 | -€10,704 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,825 | -€25,529 | -€10,704 | -72.2% |
| Amounts payable | 17/49 | €98,930 | €78,679 | -€20,251 | -20.5% |
| Amounts payable within one year | 42/48 | €98,930 | €78,679 | -€20,251 | -20.5% |
| Financial debts | 43 | €1,174 | €927 | -€247 | -21.0% |
| Credit institutions | 430/8 | €1,174 | €927 | -€247 | -21.0% |
| Trade debts | 44 | €4,874 | €956 | -€3,918 | -80.4% |
| Suppliers | 440/4 | €4,874 | €956 | -€3,918 | -80.4% |
| Other amounts payable | 47/48 | €92,882 | €76,796 | -€16,086 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €1,392 | +€1,143 | +458.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€43,437 | -€8,923 | +€34,514 | +79.5% |
| Operating profit (loss) | 9901 | -€44,073 | -€10,715 | +€33,359 | +75.7% |
| Financial income | 75/76B | €100,285 | €258 | -€100,027 | -99.7% |
| Recurring financial income | 75 | €285 | €258 | -€27 | -9.5% |
| Non-recurring financial income | 76B | €100,000 | - | -€100,000 | |
| Financial charges | 65/66B | €306 | €248 | -€59 | -19.1% |
| Recurring financial charges | 65 | €306 | €248 | -€59 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €55,906 | -€10,704 | -€66,610 | |
| Profit (loss) for the period | 9904 | €55,906 | -€10,704 | -€66,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,906 | -€10,704 | -€66,610 |
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.