IMAGEby: 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.
IMAGEby
Largest movements
- Tangible fixed assets -€3,791
down €3,791 (-23.7%), from €15,965 to €12,174
- Deferred charges and accrued income -€1,134
no longer reported in 2025 (was €1,134)
- Cash +€702
up €702 (+27.8%), from €2,523 to €3,225
mainly Depreciation (+€3,791) and Trade debts (+€1,536)
- Profit (loss) carried forward -€4,149
down €4,149 (-8.8%), from -€47,080 to -€51,229
- Other debts -€2,565
down €2,565 (-6.1%), from €42,343 to €39,778
- Trade debts +€1,536
up €1,536 (+1883.8%), from €82 to €1,618
- Tax, wage and social debts +€1,071
up €1,071 (+126.5%), from €847 to €1,918
- Turnover -€2,428
down €2,428 (-19.8%), from €12,260 to €9,832
- Purchases and services -€1,362
down €1,362 (-12.3%), from €11,072 to €9,710
- Gross operating margin -€1,066
down €1,066 (-89.7%), from €1,188 to €122
- Financial charges +€158
up €158 (+93.9%), from €168 to €327
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 | €27,191 | €23,085 | -€4,106 | -15.1% |
| Fixed assets | 21/28 | €16,378 | €12,587 | -€3,791 | -23.1% |
| Tangible fixed assets | 22/27 | €15,965 | €12,174 | -€3,791 | -23.7% |
| Furniture and vehicles | 24 | €15,965 | €12,174 | -€3,791 | -23.7% |
| Financial fixed assets | 28 | €413 | €413 | = | 0.0% |
| Current assets | 29/58 | €10,813 | €10,498 | -€315 | -2.9% |
| Amounts receivable within one year | 40/41 | €7,156 | €7,274 | +€117 | +1.6% |
| Trade receivables | 40 | €5,640 | €5,395 | -€245 | -4.3% |
| Other amounts receivable | 41 | €1,516 | €1,878 | +€362 | +23.9% |
| Cash at bank and in hand | 54/58 | €2,523 | €3,225 | +€702 | +27.8% |
| Deferred charges and accrued income | 490/1 | €1,134 | - | -€1,134 | |
| Total equity and liabilities | 10/49 | €27,191 | €23,085 | -€4,106 | -15.1% |
| Equity | 10/15 | -€16,080 | -€20,229 | -€4,149 | -25.8% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | €31,000 | = | 0.0% |
| Issued capital | 100 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,080 | -€51,229 | -€4,149 | -8.8% |
| Amounts payable | 17/49 | €43,271 | €43,314 | +€43 | +0.1% |
| Amounts payable within one year | 42/48 | €43,271 | €43,314 | +€43 | +0.1% |
| Trade debts | 44 | €82 | €1,618 | +€1,536 | +1883.8% |
| Suppliers | 440/4 | €82 | €1,618 | +€1,536 | +1883.8% |
| Taxes, remuneration and social security | 45 | €847 | €1,918 | +€1,071 | +126.5% |
| Taxes | 450/3 | €847 | €1,918 | +€1,071 | +126.5% |
| Other amounts payable | 47/48 | €42,343 | €39,778 | -€2,565 | -6.1% |
| Turnover | 70 | €12,260 | €9,832 | -€2,428 | -19.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,072 | €9,710 | -€1,362 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,791 | €3,791 | = | 0.0% |
| Other operating charges | 640/8 | €228 | €153 | -€75 | -32.7% |
| Gross operating margin | 9900 | €1,188 | €122 | -€1,066 | -89.7% |
| Operating profit (loss) | 9901 | -€2,831 | -€3,822 | -€992 | -35.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €168 | €327 | +€158 | +93.9% |
| Recurring financial charges | 65 | €168 | €327 | +€158 | +93.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,999 | -€4,149 | -€1,150 | -38.3% |
| Profit (loss) for the period | 9904 | -€2,999 | -€4,149 | -€1,150 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,999 | -€4,149 | -€1,150 | -38.3% |
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.