IMAGIL: 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.
IMAGIL
Largest movements
- Tangible fixed assets +€1.9m
up €1.9m (+139%), from €1.4m to €3.3m
- Cash +€58,608
up €58,608 (+343%), from €17,092 to €75,700
mainly Debts after one year (+€1.8m) and Depreciation (+€190,160)
- Debts after one year +€1.8m
up €1.8m (+286%), from €615,952 to €2.4m
- Current portion of long-term debt +€187,481
up €187,481 (+93.7%), from €200,097 to €387,578
- Trade debts +€158,184
up €158,184 (+749%), from €21,110 to €179,294
- Profit (loss) carried forward -€104,188
down €104,188 (-220%), from -€47,456 to -€151,644
- Reserves -€39,626
down €39,626 (-10.8%), from €367,842 to €328,216
- Depreciation +€48,189
up €48,189 (+33.9%), from €141,971 to €190,160
- Financial charges +€15,614
up €15,614 (+233%), from €6,693 to €22,307
- Gross operating margin -€2,053
down €2,053 (-3.1%), from €65,412 to €63,359
- Other operating charges +€1,178
up €1,178 (+12.1%), from €9,713 to €10,891
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 | €1,378,929 | €3,328,996 | +€2.0m | +141% |
| Fixed assets | 21/28 | €1,361,837 | €3,253,296 | +€1.9m | +139% |
| Tangible fixed assets | 22/27 | €1,359,747 | €3,250,826 | +€1.9m | +139% |
| Land and buildings | 22 | €1,359,747 | €3,250,826 | +€1.9m | +139% |
| Financial fixed assets | 28 | €2,090 | €2,470 | +€380 | +18.2% |
| Current assets | 29/58 | €17,092 | €75,700 | +€58,608 | +343% |
| Cash at bank and in hand | 54/58 | €17,092 | €75,700 | +€58,608 | +343% |
| Total equity and liabilities | 10/49 | €1,378,929 | €3,328,996 | +€2.0m | +141% |
| Equity | 10/15 | €326,591 | €182,777 | -€143,814 | -44.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €367,842 | €328,216 | -€39,626 | -10.8% |
| Tax-exempt reserves | 132 | €367,842 | €328,216 | -€39,626 | -10.8% |
| Profit (loss) carried forward | 14 | -€47,456 | -€151,644 | -€104,188 | -220% |
| Provisions and deferred taxes | 16 | €134,547 | €118,362 | -€16,185 | -12.0% |
| Deferred taxes | 168 | €134,547 | €118,362 | -€16,185 | -12.0% |
| Amounts payable | 17/49 | €917,790 | €3,027,857 | +€2.1m | +230% |
| Amounts payable after more than one year | 17 | €615,952 | €2,380,083 | +€1.8m | +286% |
| Financial debts | 170/4 | €615,952 | €2,380,083 | +€1.8m | +286% |
| Amounts payable within one year | 42/48 | €301,838 | €647,773 | +€345,935 | +115% |
| Current portion of amounts payable after more than one year | 42 | €200,097 | €387,578 | +€187,481 | +93.7% |
| Trade debts | 44 | €21,110 | €179,294 | +€158,184 | +749% |
| Suppliers | 440/4 | €21,110 | €179,294 | +€158,184 | +749% |
| Other amounts payable | 47/48 | €80,631 | €80,901 | +€270 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,971 | €190,160 | +€48,189 | +33.9% |
| Other operating charges | 640/8 | €9,713 | €10,891 | +€1,178 | +12.1% |
| Gross operating margin | 9900 | €65,412 | €63,359 | -€2,053 | -3.1% |
| Operating profit (loss) | 9901 | -€86,272 | -€137,692 | -€51,420 | -59.6% |
| Financial income | 75/76B | €529 | - | -€529 | |
| Recurring financial income | 75 | €529 | - | -€529 | |
| Financial charges | 65/66B | €6,693 | €22,307 | +€15,614 | +233% |
| Recurring financial charges | 65 | €6,693 | €22,307 | +€15,614 | +233% |
| Profit (loss) for the period before taxes | 9903 | -€92,437 | -€159,999 | -€67,563 | -73.1% |
| Transfer from deferred taxes | 780 | €16,185 | €16,185 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€76,251 | -€143,814 | -€67,563 | -88.6% |
| Transfer from tax-exempt reserves | 789 | €39,626 | €39,626 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,625 | -€104,188 | -€67,563 | -184% |
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 19 October 2026 via checked.be.