ImageFul: 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.
ImageFul
Largest movements
- Current investments +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Cash -€43,029
down €43,029 (-39.6%), from €108,714 to €65,685
mainly Current investments (-€100,000) and Debts after one year (-€11,309)
- Tangible fixed assets -€19,645
down €19,645 (-44.5%), from €44,152 to €24,507
of which Furniture and vehicles: -€18,258
- Reserves +€49,414
up €49,414 (+31.5%), from €156,859 to €206,273
- Debts after one year -€11,309
down €11,309 (-41.8%), from €27,035 to €15,726
- Tax, wage and social debts -€6,843
down €6,843 (-10.1%), from €67,818 to €60,975
- Trade debts +€6,734
up €6,734 (+36090.2%), from €19 to €6,753
- Gross operating margin -€28,384
down €28,384 (-23.8%), from €119,275 to €90,890
- Taxes -€8,322
down €8,322 (-28.8%), from €28,933 to €20,610
- Depreciation +€4,485
up €4,485 (+29.6%), from €15,160 to €19,645
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 | €270,593 | €309,149 | +€38,556 | +14.2% |
| Fixed assets | 21/28 | €44,152 | €24,507 | -€19,645 | -44.5% |
| Tangible fixed assets | 22/27 | €44,152 | €24,507 | -€19,645 | -44.5% |
| Plant, machinery and equipment | 23 | €3,692 | €2,305 | -€1,388 | -37.6% |
| Furniture and vehicles | 24 | €40,460 | €22,202 | -€18,258 | -45.1% |
| Current assets | 29/58 | €226,441 | €284,642 | +€58,201 | +25.7% |
| Amounts receivable within one year | 40/41 | €16,500 | €18,526 | +€2,026 | +12.3% |
| Trade receivables | 40 | €16,500 | €18,304 | +€1,804 | +10.9% |
| Other amounts receivable | 41 | - | €222 | +€222 | |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €108,714 | €65,685 | -€43,029 | -39.6% |
| Deferred charges and accrued income | 490/1 | €1,227 | €431 | -€796 | -64.9% |
| Total equity and liabilities | 10/49 | €270,593 | €309,149 | +€38,556 | +14.2% |
| Equity | 10/15 | €160,359 | €209,773 | +€49,414 | +30.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €156,859 | €206,273 | +€49,414 | +31.5% |
| Distributable reserves | 133 | €156,859 | €206,273 | +€49,414 | +31.5% |
| Amounts payable | 17/49 | €110,234 | €99,376 | -€10,858 | -9.8% |
| Amounts payable after more than one year | 17 | €27,035 | €15,726 | -€11,309 | -41.8% |
| Financial debts | 170/4 | €27,035 | €15,726 | -€11,309 | -41.8% |
| Amounts payable within one year | 42/48 | €83,199 | €83,650 | +€451 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €10,908 | €11,309 | +€400 | +3.7% |
| Financial debts | 43 | €47 | €26 | -€21 | -45.3% |
| Credit institutions | 430/8 | €47 | €26 | -€21 | -45.3% |
| Trade debts | 44 | €19 | €6,753 | +€6,734 | +36090.2% |
| Suppliers | 440/4 | €19 | €6,753 | +€6,734 | +36090.2% |
| Taxes, remuneration and social security | 45 | €67,818 | €60,975 | -€6,843 | -10.1% |
| Taxes | 450/3 | €67,818 | €60,975 | -€6,843 | -10.1% |
| Other amounts payable | 47/48 | €4,406 | €4,587 | +€180 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,160 | €19,645 | +€4,485 | +29.6% |
| Other operating charges | 640/8 | €293 | €686 | +€393 | +134.5% |
| Gross operating margin | 9900 | €119,275 | €90,890 | -€28,384 | -23.8% |
| Operating profit (loss) | 9901 | €103,822 | €70,559 | -€33,263 | -32.0% |
| Financial income | 75/76B | €330 | €806 | +€476 | +144.0% |
| Recurring financial income | 75 | €330 | €806 | +€476 | +144.0% |
| Financial charges | 65/66B | €1,503 | €1,341 | -€161 | -10.7% |
| Recurring financial charges | 65 | €1,503 | €1,341 | -€161 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €102,650 | €70,024 | -€32,626 | -31.8% |
| Income taxes | 67/77 | €28,933 | €20,610 | -€8,322 | -28.8% |
| Profit (loss) for the period | 9904 | €73,717 | €49,414 | -€24,304 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,717 | €49,414 | -€24,304 | -33.0% |
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.