IMAGEOFFICE: 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.
IMAGEOFFICE
Largest movements
- Cash +€45,342
up €45,342 (+20.6%), from €220,154 to €265,496
mainly Net result for the year (+€79,640) and Trade debts (+€24,162)
- Tangible fixed assets -€8,789
down €8,789 (-35.2%), from €24,966 to €16,177
of which Plant, machinery and equipment: -€7,079
- Stocks and contracts +€5,078
up €5,078 (+94.3%), from €5,386 to €10,464
- Reserves +€29,640
up €29,640 (+12.8%), from €231,200 to €260,840
- Trade debts +€24,162
up €24,162 (+82.5%), from €29,300 to €53,462
- Tax, wage and social debts -€13,224
down €13,224 (-71.1%), from €18,603 to €5,379
- Gross operating margin -€93,946
down €93,946 (-47.5%), from €197,810 to €103,864
- Taxes -€15,591
down €15,591 (-60.8%), from €25,622 to €10,031
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 | €349,103 | €389,682 | +€40,578 | +11.6% |
| Fixed assets | 21/28 | €24,966 | €16,177 | -€8,789 | -35.2% |
| Tangible fixed assets | 22/27 | €24,966 | €16,177 | -€8,789 | -35.2% |
| Plant, machinery and equipment | 23 | €14,004 | €6,925 | -€7,079 | -50.6% |
| Furniture and vehicles | 24 | €10,962 | €9,252 | -€1,710 | -15.6% |
| Current assets | 29/58 | €324,137 | €373,505 | +€49,368 | +15.2% |
| Stocks and contracts in progress | 3 | €5,386 | €10,464 | +€5,078 | +94.3% |
| Stocks | 30/36 | €5,386 | €10,464 | +€5,078 | +94.3% |
| Amounts receivable within one year | 40/41 | €91,397 | €93,045 | +€1,648 | +1.8% |
| Trade receivables | 40 | €77,466 | €71,789 | -€5,677 | -7.3% |
| Other amounts receivable | 41 | €13,932 | €21,256 | +€7,325 | +52.6% |
| Cash at bank and in hand | 54/58 | €220,154 | €265,496 | +€45,342 | +20.6% |
| Deferred charges and accrued income | 490/1 | €7,200 | €4,500 | -€2,700 | -37.5% |
| Total equity and liabilities | 10/49 | €349,103 | €389,682 | +€40,578 | +11.6% |
| Equity | 10/15 | €251,200 | €280,840 | +€29,640 | +11.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €231,200 | €260,840 | +€29,640 | +12.8% |
| Distributable reserves | 133 | €231,200 | €260,840 | +€29,640 | +12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €97,903 | €108,842 | +€10,938 | +11.2% |
| Amounts payable within one year | 42/48 | €97,903 | €108,842 | +€10,938 | +11.2% |
| Trade debts | 44 | €29,300 | €53,462 | +€24,162 | +82.5% |
| Suppliers | 440/4 | €29,300 | €53,462 | +€24,162 | +82.5% |
| Taxes, remuneration and social security | 45 | €18,603 | €5,379 | -€13,224 | -71.1% |
| Taxes | 450/3 | €18,603 | €5,379 | -€13,224 | -71.1% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,054 | €0 | -€1,054 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,158 | €13,926 | -€232 | -1.6% |
| Other operating charges | 640/8 | €528 | €1,081 | +€553 | +104.8% |
| Gross operating margin | 9900 | €197,810 | €103,864 | -€93,946 | -47.5% |
| Operating profit (loss) | 9901 | €182,071 | €88,857 | -€93,214 | -51.2% |
| Financial income | 75/76B | €1,608 | €1,628 | +€21 | +1.3% |
| Recurring financial income | 75 | €1,608 | €1,628 | +€21 | +1.3% |
| Financial charges | 65/66B | €2,010 | €814 | -€1,196 | -59.5% |
| Recurring financial charges | 65 | €2,010 | €814 | -€1,196 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €181,668 | €89,671 | -€91,997 | -50.6% |
| Income taxes | 67/77 | €25,622 | €10,031 | -€15,591 | -60.8% |
| Profit (loss) for the period | 9904 | €156,046 | €79,640 | -€76,406 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €156,046 | €79,640 | -€76,406 | -49.0% |
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 30 September 2026 via checked.be.