IMAGEMED: 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.
IMAGEMED
Largest movements
- Cash +€171,017
up €171,017 (+135.0%), from €126,696 to €297,713
mainly Net result for the year (+€263,557) and Receivables after one year (+€60,000)
- Receivables after one year -€60,000
no longer reported in 2025 (was €60,000)
- Tangible fixed assets +€31,655
up €31,655 (+14.9%), from €212,379 to €244,034
of which Land and buildings: +€20,474
- Profit (loss) carried forward +€113,557
up €113,557 (+72.9%), from €155,825 to €269,381
- Other debts +€38,296
up €38,296 (+21.9%), from €175,225 to €213,521
- Debts after one year -€9,201
down €9,201 (-11.5%), from €79,789 to €70,588
- Gross operating margin +€157,679
up €157,679 (+75.0%), from €210,374 to €368,053
- Taxes +€36,203
up €36,203 (+76.8%), from €47,141 to €83,344
- Other operating charges +€5,356
up €5,356 (+836.3%), from €640 to €5,997
- Financial income -€5,077
down €5,077 (-100.0%), from €5,077 to €0
- Depreciation +€3,784
up €3,784 (+62.5%), from €6,054 to €9,838
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 | €438,549 | €572,642 | +€134,092 | +30.6% |
| Fixed assets | 21/28 | €222,379 | €254,034 | +€31,655 | +14.2% |
| Tangible fixed assets | 22/27 | €212,379 | €244,034 | +€31,655 | +14.9% |
| Land and buildings | 22 | €210,955 | €231,428 | +€20,474 | +9.7% |
| Plant, machinery and equipment | 23 | €979 | €270 | -€710 | -72.5% |
| Furniture and vehicles | 24 | €445 | €12,336 | +€11,891 | +2671.6% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €216,170 | €318,608 | +€102,438 | +47.4% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 291 | €60,000 | - | -€60,000 | |
| Amounts receivable within one year | 40/41 | €9,359 | €6,671 | -€2,688 | -28.7% |
| Trade receivables | 40 | €9,359 | - | -€9,359 | |
| Other amounts receivable | 41 | - | €6,671 | +€6,671 | |
| Current investments | 50/53 | €319 | €25 | -€294 | -92.2% |
| Cash at bank and in hand | 54/58 | €126,696 | €297,713 | +€171,017 | +135.0% |
| Deferred charges and accrued income | 490/1 | €19,796 | €14,198 | -€5,597 | -28.3% |
| Total equity and liabilities | 10/49 | €438,549 | €572,642 | +€134,092 | +30.6% |
| Equity | 10/15 | €160,825 | €274,381 | +€113,557 | +70.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,825 | €269,381 | +€113,557 | +72.9% |
| Amounts payable | 17/49 | €277,725 | €298,260 | +€20,536 | +7.4% |
| Amounts payable after more than one year | 17 | €79,789 | €70,588 | -€9,201 | -11.5% |
| Financial debts | 170/4 | €79,789 | €70,588 | -€9,201 | -11.5% |
| Amounts payable within one year | 42/48 | €193,706 | €227,231 | +€33,524 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €8,876 | €9,201 | +€326 | +3.7% |
| Trade debts | 44 | €1,045 | €691 | -€354 | -33.9% |
| Suppliers | 440/4 | €1,045 | €691 | -€354 | -33.9% |
| Taxes, remuneration and social security | 45 | €8,560 | €3,817 | -€4,743 | -55.4% |
| Taxes | 450/3 | €8,560 | €3,817 | -€4,743 | -55.4% |
| Other amounts payable | 47/48 | €175,225 | €213,521 | +€38,296 | +21.9% |
| Accrued charges and deferred income | 492/3 | €4,229 | €442 | -€3,787 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,054 | €9,838 | +€3,784 | +62.5% |
| Other operating charges | 640/8 | €640 | €5,997 | +€5,356 | +836.3% |
| Gross operating margin | 9900 | €210,374 | €368,053 | +€157,679 | +75.0% |
| Operating profit (loss) | 9901 | €203,679 | €352,218 | +€148,539 | +72.9% |
| Financial income | 75/76B | €5,077 | €0 | -€5,077 | -100.0% |
| Recurring financial income | 75 | €5,077 | €0 | -€5,077 | -100.0% |
| Financial charges | 65/66B | €5,791 | €5,318 | -€473 | -8.2% |
| Recurring financial charges | 65 | €5,791 | €5,318 | -€473 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €202,965 | €346,900 | +€143,935 | +70.9% |
| Income taxes | 67/77 | €47,141 | €83,344 | +€36,203 | +76.8% |
| Profit (loss) for the period | 9904 | €155,825 | €263,557 | +€107,732 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €155,825 | €263,557 | +€107,732 | +69.1% |
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 28 September 2026 via checked.be.