IMAGILYS: 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.
IMAGILYS
Largest movements
- Cash +€155,025
up €155,025 (+66.2%), from €234,305 to €389,330
mainly Net result for the year (+€192,934) and Receivables within one year (+€124,233)
- Receivables within one year -€124,233
down €124,233 (-22.3%), from €557,052 to €432,819
of which Trade receivables: -€135,108
- Intangible fixed assets -€53,846
down €53,846 (-58.5%), from €92,123 to €38,277
- Deferred charges and accrued income +€9,695
up €9,695 (+188.8%), from €5,136 to €14,830
- Reserves +€100,579
up €100,579 (+98.7%), from €101,860 to €202,439
of which Distributable reserves: +€100,579
- Other debts -€88,548
down €88,548 (-21.7%), from €407,638 to €319,090
- Tax, wage and social debts +€63,088
up €63,088 (+453.8%), from €13,902 to €76,991
of which Taxes: +€62,922
- Trade debts -€52,645
down €52,645 (-25.0%), from €210,473 to €157,828
- Current portion of long-term debt -€11,723
down €11,723 (-100.0%), from €11,723 to €0
- Financial charges +€48,722
up €48,722 (+239.5%), from €20,347 to €69,069
of which Financial charges: +€53,622
- Gross operating margin +€23,316
up €23,316 (+6.8%), from €344,013 to €367,329
- Taxes +€7,690
up €7,690 (+15.5%), from €49,631 to €57,321
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 | €890,030 | €876,369 | -€13,661 | -1.5% |
| Fixed assets | 21/28 | €93,538 | €39,390 | -€54,148 | -57.9% |
| Intangible fixed assets | 21 | €92,123 | €38,277 | -€53,846 | -58.5% |
| Tangible fixed assets | 22/27 | €987 | €685 | -€302 | -30.6% |
| Furniture and vehicles | 24 | €987 | €685 | -€302 | -30.6% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €796,492 | €836,979 | +€40,487 | +5.1% |
| Amounts receivable within one year | 40/41 | €557,052 | €432,819 | -€124,233 | -22.3% |
| Trade receivables | 40 | €555,355 | €420,247 | -€135,108 | -24.3% |
| Other amounts receivable | 41 | €1,697 | €12,572 | +€10,875 | +640.7% |
| Cash at bank and in hand | 54/58 | €234,305 | €389,330 | +€155,025 | +66.2% |
| Deferred charges and accrued income | 490/1 | €5,136 | €14,830 | +€9,695 | +188.8% |
| Total equity and liabilities | 10/49 | €890,030 | €876,369 | -€13,661 | -1.5% |
| Equity | 10/15 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Contributions | 10/11 | €97,561 | €97,561 | = | 0.0% |
| Reserves | 13 | €101,860 | €202,439 | +€100,579 | +98.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €200,579 | +€100,579 | +100.6% |
| Profit (loss) carried forward | 14 | €579 | €0 | -€579 | -100.0% |
| Amounts payable | 17/49 | €690,030 | €576,369 | -€113,661 | -16.5% |
| Amounts payable after more than one year | 17 | €28,500 | €17,500 | -€11,000 | -38.6% |
| Financial debts | 170/4 | €28,500 | €17,500 | -€11,000 | -38.6% |
| Amounts payable within one year | 42/48 | €650,491 | €553,909 | -€96,582 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €11,723 | €0 | -€11,723 | -100.0% |
| Financial debts | 43 | €6,754 | €0 | -€6,754 | -100.0% |
| Credit institutions | 430/8 | €6,754 | €0 | -€6,754 | -100.0% |
| Trade debts | 44 | €210,473 | €157,828 | -€52,645 | -25.0% |
| Suppliers | 440/4 | €210,473 | €157,828 | -€52,645 | -25.0% |
| Taxes, remuneration and social security | 45 | €13,902 | €76,991 | +€63,088 | +453.8% |
| Taxes | 450/3 | €13,902 | €76,825 | +€62,922 | +452.6% |
| Remuneration and social security | 454/9 | - | €166 | +€166 | |
| Other amounts payable | 47/48 | €407,638 | €319,090 | -€88,548 | -21.7% |
| Accrued charges and deferred income | 492/3 | €11,039 | €4,961 | -€6,079 | -55.1% |
| Non-recurring operating income | 76A | €1,324 | €1,759 | +€436 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,945 | €54,148 | -€2,797 | -4.9% |
| Other operating charges | 640/8 | €1,124 | €1,054 | -€70 | -6.2% |
| Non-recurring operating charges | 66A | - | €2,149 | +€2,149 | |
| Gross operating margin | 9900 | €344,013 | €367,329 | +€23,316 | +6.8% |
| Operating profit (loss) | 9901 | €285,945 | €309,979 | +€24,034 | +8.4% |
| Financial income | 75/76B | €8,689 | €9,346 | +€657 | +7.6% |
| Recurring financial income | 75 | €8,689 | €9,346 | +€657 | +7.6% |
| Financial charges | 65/66B | €20,347 | €69,069 | +€48,722 | +239.5% |
| Recurring financial charges | 65 | €6,431 | €60,053 | +€53,622 | +833.8% |
| Non-recurring financial charges | 66B | €13,916 | €9,016 | -€4,900 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €274,287 | €250,256 | -€24,031 | -8.8% |
| Income taxes | 67/77 | €49,631 | €57,321 | +€7,690 | +15.5% |
| Profit (loss) for the period | 9904 | €224,656 | €192,934 | -€31,722 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €224,656 | €192,934 | -€31,722 | -14.1% |
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 3 October 2026 via checked.be.