IMAGIN'ACTION: 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'ACTION
Largest movements
- Cash -€10,865
down €10,865 (-51.4%), from €21,158 to €10,293
mainly Other debts (-€12,205) and Investment in fixed assets (net) (-€1,327)
- Receivables within one year -€2,325
down €2,325 (-61.1%), from €3,808 to €1,483
of which Trade receivables: -€1,813
- Tangible fixed assets -€881
down €881 (-19.0%), from €4,643 to €3,762
- Other debts -€12,205
no longer reported in 2025 (was €12,205)
- Trade debts -€700
no longer reported in 2025 (was €700)
- Tax, wage and social debts -€700
no longer reported in 2025 (was €700)
- Profit (loss) carried forward -€466
down €466 (-18.0%), from -€2,588 to -€3,054
- Gross operating margin -€3,715
down €3,715 (-61.6%), from €6,030 to €2,315
- Depreciation +€1,452
up €1,452 (+192.1%), from €756 to €2,208
- Taxes -€504
down €504 (-72.0%), from €700 to €196
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 | €29,609 | €15,538 | -€14,071 | -47.5% |
| Fixed assets | 21/28 | €4,643 | €3,762 | -€881 | -19.0% |
| Tangible fixed assets | 22/27 | €4,643 | €3,762 | -€881 | -19.0% |
| Furniture and vehicles | 24 | €4,643 | €3,762 | -€881 | -19.0% |
| Current assets | 29/58 | €24,966 | €11,776 | -€13,190 | -52.8% |
| Amounts receivable within one year | 40/41 | €3,808 | €1,483 | -€2,325 | -61.1% |
| Trade receivables | 40 | €1,813 | - | -€1,813 | |
| Other amounts receivable | 41 | €1,995 | €1,483 | -€512 | -25.7% |
| Cash at bank and in hand | 54/58 | €21,158 | €10,293 | -€10,865 | -51.4% |
| Total equity and liabilities | 10/49 | €29,609 | €15,538 | -€14,071 | -47.5% |
| Equity | 10/15 | €16,004 | €15,538 | -€466 | -2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,588 | -€3,054 | -€466 | -18.0% |
| Amounts payable | 17/49 | €13,605 | - | -€13,605 | |
| Amounts payable within one year | 42/48 | €13,605 | - | -€13,605 | |
| Trade debts | 44 | €700 | - | -€700 | |
| Suppliers | 440/4 | €700 | - | -€700 | |
| Taxes, remuneration and social security | 45 | €700 | - | -€700 | |
| Taxes | 450/3 | €700 | - | -€700 | |
| Other amounts payable | 47/48 | €12,205 | - | -€12,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €2,208 | +€1,452 | +192.1% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €6,030 | €2,315 | -€3,715 | -61.6% |
| Operating profit (loss) | 9901 | €4,887 | -€293 | -€5,180 | |
| Financial income | 75/76B | - | €53 | +€53 | |
| Recurring financial income | 75 | - | €53 | +€53 | |
| Financial charges | 65/66B | €67 | €30 | -€37 | -55.2% |
| Recurring financial charges | 65 | €67 | €30 | -€37 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €4,820 | -€270 | -€5,090 | |
| Income taxes | 67/77 | €700 | €196 | -€504 | -72.0% |
| Profit (loss) for the period | 9904 | €4,120 | -€466 | -€4,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,120 | -€466 | -€4,586 |
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 10 October 2026 via checked.be.