IMAGIC: 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.
IMAGIC
Largest movements
- Cash +€3,431
up €3,431 (+4.4%), from €78,347 to €81,777
mainly Depreciation (+€9,723) and Net result for the year (+€9,224)
- Tangible fixed assets +€3,410
up €3,410 (+9.7%), from €35,279 to €38,689
of which Furniture and vehicles: +€5,154
- Reserves +€9,220
up €9,220 (+16.8%), from €54,731 to €63,951
- Tax, wage and social debts +€2,564
up €2,564 (+22.9%), from €11,180 to €13,744
of which Taxes: +€2,192
- Other debts -€2,531
down €2,531 (-12.7%), from €19,922 to €17,390
- Gross operating margin +€8,228
up €8,228 (+20.6%), from €39,899 to €48,127
- Staff costs +€2,426
up €2,426 (+13.4%), from €18,095 to €20,521
- Taxes +€1,697
up €1,697 (+51.1%), from €3,319 to €5,016
- Depreciation +€1,207
up €1,207 (+14.2%), from €8,516 to €9,723
- Financial income +€709
up €709 (+274.2%), from €259 to €968
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 | €146,467 | €154,938 | +€8,471 | +5.8% |
| Fixed assets | 21/28 | €35,279 | €38,689 | +€3,410 | +9.7% |
| Tangible fixed assets | 22/27 | €35,279 | €38,689 | +€3,410 | +9.7% |
| Land and buildings | 22 | €25,553 | €22,139 | -€3,414 | -13.4% |
| Plant, machinery and equipment | 23 | €6,772 | €8,443 | +€1,671 | +24.7% |
| Furniture and vehicles | 24 | €2,953 | €8,107 | +€5,154 | +174.5% |
| Current assets | 29/58 | €111,188 | €116,249 | +€5,061 | +4.6% |
| Stocks and contracts in progress | 3 | €25,472 | €25,968 | +€496 | +1.9% |
| Stocks | 30/36 | €25,472 | €25,968 | +€496 | +1.9% |
| Amounts receivable within one year | 40/41 | €267 | €261 | -€6 | -2.1% |
| Trade receivables | 40 | €267 | €261 | -€6 | -2.1% |
| Cash at bank and in hand | 54/58 | €78,347 | €81,777 | +€3,431 | +4.4% |
| Deferred charges and accrued income | 490/1 | €7,103 | €8,242 | +€1,139 | +16.0% |
| Total equity and liabilities | 10/49 | €146,467 | €154,938 | +€8,471 | +5.8% |
| Equity | 10/15 | €107,194 | €116,418 | +€9,224 | +8.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €54,731 | €63,951 | +€9,220 | +16.8% |
| Distributable reserves | 133 | €54,731 | €63,951 | +€9,220 | +16.8% |
| Profit (loss) carried forward | 14 | €33,871 | €33,875 | +€4 | 0.0% |
| Amounts payable | 17/49 | €39,273 | €38,520 | -€753 | -1.9% |
| Amounts payable within one year | 42/48 | €39,273 | €38,520 | -€753 | -1.9% |
| Trade debts | 44 | €8,171 | €7,385 | -€786 | -9.6% |
| Suppliers | 440/4 | €8,171 | €7,385 | -€786 | -9.6% |
| Taxes, remuneration and social security | 45 | €11,180 | €13,744 | +€2,564 | +22.9% |
| Taxes | 450/3 | €7,231 | €9,423 | +€2,192 | +30.3% |
| Remuneration and social security | 454/9 | €3,950 | €4,321 | +€372 | +9.4% |
| Other amounts payable | 47/48 | €19,922 | €17,390 | -€2,531 | -12.7% |
| Remuneration, social security and pensions | 62 | €18,095 | €20,521 | +€2,426 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,516 | €9,723 | +€1,207 | +14.2% |
| Other operating charges | 640/8 | €3,468 | €3,503 | +€35 | +1.0% |
| Non-recurring operating charges | 66A | €307 | €127 | -€180 | -58.7% |
| Gross operating margin | 9900 | €39,899 | €48,127 | +€8,228 | +20.6% |
| Operating profit (loss) | 9901 | €9,512 | €14,252 | +€4,740 | +49.8% |
| Financial income | 75/76B | €259 | €968 | +€709 | +274.2% |
| Recurring financial income | 75 | €259 | €968 | +€709 | +274.2% |
| Financial charges | 65/66B | €1,354 | €980 | -€374 | -27.6% |
| Recurring financial charges | 65 | €1,354 | €980 | -€374 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €8,416 | €14,240 | +€5,824 | +69.2% |
| Income taxes | 67/77 | €3,319 | €5,016 | +€1,697 | +51.1% |
| Profit (loss) for the period | 9904 | €5,097 | €9,224 | +€4,127 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,097 | €9,224 | +€4,127 | +81.0% |
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 5 October 2026 via checked.be.