IMAGIN: 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.
IMAGIN
Largest movements
- Tangible fixed assets -€20,917
down €20,917 (-38.8%), from €53,856 to €32,938
of which Plant, machinery and equipment: -€20,913
- Cash +€3,350
up €3,350 (+12.7%), from €26,411 to €29,760
mainly Depreciation (+€20,917) and Net result for the year (+€10,500)
- Current portion of long-term debt -€18,750
down €18,750 (-51.7%), from €36,250 to €17,500
- Debts after one year -€11,250
down €11,250 (-100.0%), from €11,250 to €0
- Reserves +€10,500
up €10,500 (+230.4%), from €4,557 to €15,057
- Tax, wage and social debts +€1,395
up €1,395 (+878.3%), from €159 to €1,554
- Other debts +€1,220
up €1,220 (+5.9%), from €20,646 to €21,867
- Gross operating margin +€5,168
up €5,168 (+18.1%), from €28,492 to €33,660
- Taxes +€596
new in 2025: €596
- Financial charges -€437
down €437 (-29.0%), from €1,508 to €1,071
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 | €81,556 | €63,499 | -€18,057 | -22.1% |
| Fixed assets | 21/28 | €53,856 | €32,938 | -€20,917 | -38.8% |
| Tangible fixed assets | 22/27 | €53,856 | €32,938 | -€20,917 | -38.8% |
| Plant, machinery and equipment | 23 | €53,852 | €32,938 | -€20,913 | -38.8% |
| Furniture and vehicles | 24 | €4 | €0 | -€4 | -100.0% |
| Current assets | 29/58 | €27,701 | €30,560 | +€2,860 | +10.3% |
| Amounts receivable within one year | 40/41 | €1,290 | €800 | -€490 | -38.0% |
| Trade receivables | 40 | €1,290 | €800 | -€490 | -38.0% |
| Cash at bank and in hand | 54/58 | €26,411 | €29,760 | +€3,350 | +12.7% |
| Total equity and liabilities | 10/49 | €81,556 | €63,499 | -€18,057 | -22.1% |
| Equity | 10/15 | €10,557 | €21,057 | +€10,500 | +99.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €4,557 | €15,057 | +€10,500 | +230.4% |
| Distributable reserves | 133 | €4,557 | €15,057 | +€10,500 | +230.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €70,999 | €42,441 | -€28,557 | -40.2% |
| Amounts payable after more than one year | 17 | €11,250 | €0 | -€11,250 | -100.0% |
| Financial debts | 170/4 | €11,250 | €0 | -€11,250 | -100.0% |
| Amounts payable within one year | 42/48 | €58,324 | €41,460 | -€16,864 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €36,250 | €17,500 | -€18,750 | -51.7% |
| Trade debts | 44 | €1,269 | €540 | -€729 | -57.4% |
| Suppliers | 440/4 | €1,269 | €540 | -€729 | -57.4% |
| Taxes, remuneration and social security | 45 | €159 | €1,554 | +€1,395 | +878.3% |
| Taxes | 450/3 | €159 | €1,554 | +€1,395 | +878.3% |
| Other amounts payable | 47/48 | €20,646 | €21,867 | +€1,220 | +5.9% |
| Accrued charges and deferred income | 492/3 | €1,425 | €981 | -€444 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,995 | €20,917 | -€78 | -0.4% |
| Other operating charges | 640/8 | €449 | €587 | +€137 | +30.6% |
| Gross operating margin | 9900 | €28,492 | €33,660 | +€5,168 | +18.1% |
| Operating profit (loss) | 9901 | €7,047 | €12,156 | +€5,108 | +72.5% |
| Financial income | 75/76B | €0 | €11 | +€11 | |
| Recurring financial income | 75 | €0 | €11 | +€11 | |
| Financial charges | 65/66B | €1,508 | €1,071 | -€437 | -29.0% |
| Recurring financial charges | 65 | €1,508 | €1,071 | -€437 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €5,539 | €11,096 | +€5,557 | +100.3% |
| Income taxes | 67/77 | - | €596 | +€596 | |
| Profit (loss) for the period | 9904 | €5,539 | €10,500 | +€4,961 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,539 | €10,500 | +€4,961 | +89.6% |
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 11 October 2026 via checked.be.