IMAGI: 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.
IMAGI
Largest movements
- Cash +€45,978
up €45,978 (+52.4%), from €87,794 to €133,773
mainly Net result for the year (+€59,917) and Receivables within one year (+€23,170)
- Receivables within one year -€23,170
down €23,170 (-22.6%), from €102,461 to €79,291
of which Trade receivables: -€22,904
- Tangible fixed assets -€17,220
down €17,220 (-4.1%), from €416,736 to €399,516
of which Land and buildings: -€14,915
- Reserves +€38,500
up €38,500 (+16.4%), from €234,120 to €272,620
of which Distributable reserves: +€38,500
- Debts after one year -€24,774
down €24,774 (-10.7%), from €231,006 to €206,232
- Trade debts -€22,161
down €22,161 (-73.7%), from €30,085 to €7,924
- Tax, wage and social debts +€17,605
up €17,605 (+117.0%), from €15,042 to €32,648
of which Taxes: +€17,480
- Gross operating margin +€46,532
up €46,532 (+37.0%), from €125,657 to €172,190
- Taxes +€14,925
up €14,925 (+178.9%), from €8,343 to €23,269
- Depreciation -€5,517
down €5,517 (-22.0%), from €25,025 to €19,509
- Other operating charges -€3,065
down €3,065 (-29.2%), from €10,505 to €7,440
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 | €622,481 | €628,366 | +€5,885 | +0.9% |
| Fixed assets | 21/28 | €416,786 | €399,566 | -€17,220 | -4.1% |
| Tangible fixed assets | 22/27 | €416,736 | €399,516 | -€17,220 | -4.1% |
| Land and buildings | 22 | €403,154 | €388,239 | -€14,915 | -3.7% |
| Plant, machinery and equipment | 23 | €9,652 | €8,121 | -€1,531 | -15.9% |
| Furniture and vehicles | 24 | €3,930 | €3,156 | -€774 | -19.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €205,695 | €228,800 | +€23,105 | +11.2% |
| Stocks and contracts in progress | 3 | €10,928 | €11,607 | +€679 | +6.2% |
| Stocks | 30/36 | €10,928 | €11,607 | +€679 | +6.2% |
| Amounts receivable within one year | 40/41 | €102,461 | €79,291 | -€23,170 | -22.6% |
| Trade receivables | 40 | €84,894 | €61,991 | -€22,904 | -27.0% |
| Other amounts receivable | 41 | €17,567 | €17,300 | -€267 | -1.5% |
| Cash at bank and in hand | 54/58 | €87,794 | €133,773 | +€45,978 | +52.4% |
| Deferred charges and accrued income | 490/1 | €4,512 | €4,130 | -€382 | -8.5% |
| Total equity and liabilities | 10/49 | €622,481 | €628,366 | +€5,885 | +0.9% |
| Equity | 10/15 | €318,943 | €356,288 | +€37,345 | +11.7% |
| Contributions | 10/11 | €8,480 | €8,480 | = | 0.0% |
| Revaluation surpluses | 12 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €234,120 | €272,620 | +€38,500 | +16.4% |
| Non-distributable reserves | 130/1 | €2,120 | €2,120 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,120 | €2,120 | = | 0.0% |
| Distributable reserves | 133 | €232,000 | €270,500 | +€38,500 | +16.6% |
| Profit (loss) carried forward | 14 | €254 | €242 | -€12 | -4.5% |
| Investment grants | 15 | €13,589 | €12,446 | -€1,143 | -8.4% |
| Amounts payable | 17/49 | €303,538 | €272,078 | -€31,460 | -10.4% |
| Amounts payable after more than one year | 17 | €231,006 | €206,232 | -€24,774 | -10.7% |
| Financial debts | 170/4 | €231,006 | €206,232 | -€24,774 | -10.7% |
| Amounts payable within one year | 42/48 | €72,532 | €65,846 | -€6,686 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €26,904 | €24,774 | -€2,130 | -7.9% |
| Trade debts | 44 | €30,085 | €7,924 | -€22,161 | -73.7% |
| Suppliers | 440/4 | €30,085 | €7,924 | -€22,161 | -73.7% |
| Taxes, remuneration and social security | 45 | €15,042 | €32,648 | +€17,605 | +117.0% |
| Taxes | 450/3 | €4,847 | €22,327 | +€17,480 | +360.6% |
| Remuneration and social security | 454/9 | €10,195 | €10,320 | +€125 | +1.2% |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €53,259 | €54,708 | +€1,449 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,025 | €19,509 | -€5,517 | -22.0% |
| Other operating charges | 640/8 | €10,505 | €7,440 | -€3,065 | -29.2% |
| Non-recurring operating charges | 66A | €4,964 | - | -€4,964 | |
| Gross operating margin | 9900 | €125,657 | €172,190 | +€46,532 | +37.0% |
| Operating profit (loss) | 9901 | €31,904 | €90,534 | +€58,629 | +183.8% |
| Financial income | 75/76B | €1,145 | €1,159 | +€14 | +1.2% |
| Recurring financial income | 75 | €1,145 | €1,159 | +€14 | +1.2% |
| Financial charges | 65/66B | €9,230 | €8,507 | -€723 | -7.8% |
| Recurring financial charges | 65 | €9,230 | €8,507 | -€723 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €23,819 | €83,186 | +€59,366 | +249.2% |
| Income taxes | 67/77 | €8,343 | €23,269 | +€14,925 | +178.9% |
| Profit (loss) for the period | 9904 | €15,476 | €59,917 | +€44,441 | +287.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,476 | €59,917 | +€44,441 | +287.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.