IMAGES DE MARQUE: 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.
IMAGES DE MARQUE
Largest movements
- Tangible fixed assets +€304,962
up €304,962 (+188%), from €161,991 to €466,953
of which Land and buildings: +€307,318
- Cash +€5,002
up €5,002 (+112%), from €4,455 to €9,457
mainly Debts after one year (+€311,389) and Depreciation (+€16,564)
- Debts after one year +€311,389
new in 2025: €311,389
- Profit (loss) carried forward -€20,118
down €20,118, from €19,115 to -€1,002
- Other debts +€10,663
up €10,663 (+13.0%), from €81,819 to €92,481
- Trade debts +€8,180
up €8,180 (+326%), from €2,511 to €10,691
- Depreciation +€9,059
up €9,059 (+121%), from €7,504 to €16,564
- Financial charges +€4,617
up €4,617 (+1,136%), from €407 to €5,024
- Gross operating margin -€3,631
down €3,631 (-28.8%), from €12,625 to €8,993
- Other operating charges -€385
down €385 (-4.9%), from €7,923 to €7,539
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 | €166,733 | €477,121 | +€310,388 | +186% |
| Fixed assets | 21/28 | €161,991 | €466,953 | +€304,962 | +188% |
| Tangible fixed assets | 22/27 | €161,991 | €466,953 | +€304,962 | +188% |
| Land and buildings | 22 | €156,138 | €463,456 | +€307,318 | +197% |
| Furniture and vehicles | 24 | €5,852 | €3,497 | -€2,356 | -40.2% |
| Current assets | 29/58 | €4,742 | €10,168 | +€5,426 | +114% |
| Amounts receivable within one year | 40/41 | €14 | €19 | +€5 | +31.6% |
| Other amounts receivable | 41 | €14 | €19 | +€5 | +31.6% |
| Cash at bank and in hand | 54/58 | €4,455 | €9,457 | +€5,002 | +112% |
| Deferred charges and accrued income | 490/1 | €273 | €692 | +€420 | +154% |
| Total equity and liabilities | 10/49 | €166,733 | €477,121 | +€310,388 | +186% |
| Equity | 10/15 | €81,707 | €61,590 | -€20,118 | -24.6% |
| Contributions | 10/11 | €62,592 | €62,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,115 | -€1,002 | -€20,118 | |
| Amounts payable | 17/49 | €85,026 | €415,531 | +€330,506 | +389% |
| Amounts payable after more than one year | 17 | - | €311,389 | +€311,389 | |
| Financial debts | 170/4 | - | €311,389 | +€311,389 | |
| Amounts payable within one year | 42/48 | €84,329 | €103,172 | +€18,843 | +22.3% |
| Trade debts | 44 | €2,511 | €10,691 | +€8,180 | +326% |
| Suppliers | 440/4 | €2,511 | €10,691 | +€8,180 | +326% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €81,819 | €92,481 | +€10,663 | +13.0% |
| Accrued charges and deferred income | 492/3 | €696 | €969 | +€273 | +39.3% |
| Non-recurring operating income | 76A | €596 | €0 | -€596 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,504 | €16,564 | +€9,059 | +121% |
| Other operating charges | 640/8 | €7,923 | €7,539 | -€385 | -4.9% |
| Non-recurring operating charges | 66A | €972 | €0 | -€972 | -100% |
| Gross operating margin | 9900 | €12,625 | €8,993 | -€3,631 | -28.8% |
| Operating profit (loss) | 9901 | -€3,775 | -€15,109 | -€11,333 | -300% |
| Financial income | 75/76B | €48 | €15 | -€33 | -68.7% |
| Recurring financial income | 75 | €48 | €15 | -€33 | -68.7% |
| Financial charges | 65/66B | €407 | €5,024 | +€4,617 | +1,136% |
| Recurring financial charges | 65 | €407 | €5,024 | +€4,617 | +1,136% |
| Profit (loss) for the period before taxes | 9903 | -€4,134 | -€20,118 | -€15,984 | -387% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,134 | -€20,118 | -€15,984 | -387% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,134 | -€20,118 | -€15,984 | -387% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.