IMAGEEN: 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.
IMAGEEN
Largest movements
- Cash +€45,063
up €45,063 (+38.3%), from €117,804 to €162,867
mainly Tax, wage and social debts (+€74,018) and Net result for the year (+€46,940)
- Receivables within one year +€16,243
up €16,243 (+59.2%), from €27,427 to €43,670
of which Trade receivables: +€15,682
- Tangible fixed assets -€7,802
down €7,802 (-20.2%), from €38,665 to €30,863
of which Other tangible fixed assets: -€7,037
- Tax, wage and social debts +€74,018
up €74,018 (+265%), from €27,961 to €101,979
of which Remuneration and social security: +€65,000
- Reserves -€20,000
down €20,000 (-14.1%), from €141,823 to €121,823
of which Distributable reserves: -€20,000
- Current portion of long-term debt -€4,365
no longer reported in 2025 (was €4,365)
- Gross operating margin +€30,466
up €30,466 (+49.6%), from €61,374 to €91,840
- Turnover +€23,210
up €23,210 (+14.2%), from €163,705 to €186,915
- Taxes +€12,250
up €12,250 (+98.8%), from €12,397 to €24,647
- Purchases and services -€7,256
down €7,256 (-7.1%), from €102,331 to €95,075
- Depreciation +€2,269
up €2,269 (+13.0%), from €17,422 to €19,691
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.
Derived cash bridge
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 | €189,367 | €240,787 | +€51,420 | +27.2% |
| Fixed assets | 21/28 | €38,665 | €30,863 | -€7,802 | -20.2% |
| Tangible fixed assets | 22/27 | €38,665 | €30,863 | -€7,802 | -20.2% |
| Furniture and vehicles | 24 | €17,553 | €16,788 | -€765 | -4.4% |
| Other tangible fixed assets | 26 | €21,112 | €14,075 | -€7,037 | -33.3% |
| Current assets | 29/58 | €150,702 | €209,924 | +€59,222 | +39.3% |
| Amounts receivable within one year | 40/41 | €27,427 | €43,670 | +€16,243 | +59.2% |
| Trade receivables | 40 | €6,845 | €22,527 | +€15,682 | +229% |
| Other amounts receivable | 41 | €20,582 | €21,143 | +€561 | +2.7% |
| Cash at bank and in hand | 54/58 | €117,804 | €162,867 | +€45,063 | +38.3% |
| Deferred charges and accrued income | 490/1 | €5,471 | €3,387 | -€2,084 | -38.1% |
| Total equity and liabilities | 10/49 | €189,367 | €240,787 | +€51,420 | +27.2% |
| Equity | 10/15 | €152,429 | €134,369 | -€18,060 | -11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,823 | €121,823 | -€20,000 | -14.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €139,963 | €119,963 | -€20,000 | -14.3% |
| Profit (loss) carried forward | 14 | €4,406 | €6,346 | +€1,940 | +44.0% |
| Amounts payable | 17/49 | €36,938 | €106,418 | +€69,480 | +188% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €36,938 | €106,418 | +€69,480 | +188% |
| Current portion of amounts payable after more than one year | 42 | €4,365 | - | -€4,365 | |
| Trade debts | 44 | €4,612 | €4,439 | -€173 | -3.8% |
| Suppliers | 440/4 | €4,612 | €4,439 | -€173 | -3.8% |
| Taxes, remuneration and social security | 45 | €27,961 | €101,979 | +€74,018 | +265% |
| Taxes | 450/3 | €27,961 | €36,979 | +€9,018 | +32.3% |
| Remuneration and social security | 454/9 | - | €65,000 | +€65,000 | |
| Turnover | 70 | €163,705 | €186,915 | +€23,210 | +14.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €102,331 | €95,075 | -€7,256 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,422 | €19,691 | +€2,269 | +13.0% |
| Other operating charges | 640/8 | €769 | €20 | -€749 | -97.4% |
| Gross operating margin | 9900 | €61,374 | €91,840 | +€30,466 | +49.6% |
| Operating profit (loss) | 9901 | €43,183 | €72,129 | +€28,946 | +67.0% |
| Financial income | 75/76B | €275 | €0 | -€275 | -100% |
| Recurring financial income | 75 | €275 | €0 | -€275 | -100% |
| Financial charges | 65/66B | €1,195 | €542 | -€653 | -54.6% |
| Recurring financial charges | 65 | €1,195 | €542 | -€653 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €42,263 | €71,587 | +€29,324 | +69.4% |
| Income taxes | 67/77 | €12,397 | €24,647 | +€12,250 | +98.8% |
| Profit (loss) for the period | 9904 | €29,866 | €46,940 | +€17,074 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,866 | €46,940 | +€17,074 | +57.2% |
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 16 October 2026 via checked.be.