IMAGGGE.COM: 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.
IMAGGGE.COM
Largest movements
- Tangible fixed assets -€9,237
down €9,237 (-5.3%), from €175,015 to €165,778
of which Land and buildings: -€11,069
- Intangible fixed assets -€5,760
down €5,760 (-49.9%), from €11,541 to €5,781
- Stocks and contracts -€4,932
down €4,932 (-20.6%), from €23,949 to €19,017
- Cash -€3,920
down €3,920 (-91.7%), from €4,277 to €357
mainly Net result for the year (-€20,102) and Current portion of long-term debt (-€8,506)
- Profit (loss) carried forward -€20,102
down €20,102 (-66.4%), from €30,266 to €10,164
- Current portion of long-term debt -€8,506
down €8,506 (-40.7%), from €20,907 to €12,401
- Debts after one year +€8,213
up €8,213 (+6.0%), from €137,596 to €145,809
of which Other amounts payable: +€20,614
- Tax, wage and social debts -€3,175
down €3,175 (-27.0%), from €11,776 to €8,601
of which Remuneration and social security: -€1,879
- Gross operating margin -€16,292
down €16,292 (-26.2%), from €62,217 to €45,925
- Depreciation -€2,650
down €2,650 (-13.3%), from €19,960 to €17,310
- Taxes +€2,336
up €2,336 (+1,442%), from €162 to €2,498
- Staff costs +€1,192
up €1,192 (+3.0%), from €39,727 to €40,919
- Financial charges -€755
down €755 (-20.0%), from €3,781 to €3,026
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 | €220,915 | €198,172 | -€22,743 | -10.3% |
| Fixed assets | 21/28 | €186,556 | €171,559 | -€14,997 | -8.0% |
| Intangible fixed assets | 21 | €11,541 | €5,781 | -€5,760 | -49.9% |
| Tangible fixed assets | 22/27 | €175,015 | €165,778 | -€9,237 | -5.3% |
| Land and buildings | 22 | €174,788 | €163,719 | -€11,069 | -6.3% |
| Furniture and vehicles | 24 | €227 | €956 | +€729 | +321% |
| Other tangible fixed assets | 26 | - | €1,103 | +€1,103 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €34,359 | €26,613 | -€7,746 | -22.5% |
| Stocks and contracts in progress | 3 | €23,949 | €19,017 | -€4,932 | -20.6% |
| Stocks | 30/36 | €23,949 | €19,017 | -€4,932 | -20.6% |
| Amounts receivable within one year | 40/41 | €5,758 | €6,700 | +€942 | +16.4% |
| Trade receivables | 40 | €1,453 | €1,332 | -€121 | -8.3% |
| Other amounts receivable | 41 | €4,305 | €5,368 | +€1,063 | +24.7% |
| Cash at bank and in hand | 54/58 | €4,277 | €357 | -€3,920 | -91.7% |
| Deferred charges and accrued income | 490/1 | €375 | €539 | +€164 | +43.6% |
| Total equity and liabilities | 10/49 | €220,915 | €198,172 | -€22,743 | -10.3% |
| Equity | 10/15 | €48,866 | €28,764 | -€20,102 | -41.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,266 | €10,164 | -€20,102 | -66.4% |
| Amounts payable | 17/49 | €172,049 | €169,408 | -€2,641 | -1.5% |
| Amounts payable after more than one year | 17 | €137,596 | €145,809 | +€8,213 | +6.0% |
| Financial debts | 170/4 | €120,137 | €107,736 | -€12,401 | -10.3% |
| Other amounts payable | 178/9 | €17,459 | €38,073 | +€20,614 | +118% |
| Amounts payable within one year | 42/48 | €34,389 | €23,348 | -€11,041 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €20,907 | €12,401 | -€8,506 | -40.7% |
| Trade debts | 44 | €1,706 | €2,346 | +€640 | +37.5% |
| Suppliers | 440/4 | €1,706 | €2,346 | +€640 | +37.5% |
| Taxes, remuneration and social security | 45 | €11,776 | €8,601 | -€3,175 | -27.0% |
| Taxes | 450/3 | €8,886 | €7,590 | -€1,296 | -14.6% |
| Remuneration and social security | 454/9 | €2,890 | €1,011 | -€1,879 | -65.0% |
| Accrued charges and deferred income | 492/3 | €64 | €251 | +€187 | +292% |
| Remuneration, social security and pensions | 62 | €39,727 | €40,919 | +€1,192 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,960 | €17,310 | -€2,650 | -13.3% |
| Other operating charges | 640/8 | €2,706 | €2,275 | -€431 | -15.9% |
| Gross operating margin | 9900 | €62,217 | €45,925 | -€16,292 | -26.2% |
| Operating profit (loss) | 9901 | -€176 | -€14,579 | -€14,403 | -8,184% |
| Financial charges | 65/66B | €3,781 | €3,026 | -€755 | -20.0% |
| Recurring financial charges | 65 | €3,781 | €3,026 | -€755 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,957 | -€17,605 | -€13,648 | -345% |
| Income taxes | 67/77 | €162 | €2,498 | +€2,336 | +1,442% |
| Profit (loss) for the period | 9904 | -€4,119 | -€20,102 | -€15,983 | -388% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,119 | -€20,102 | -€15,983 | -388% |
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 24 October 2026 via checked.be.