IMAGIN8ION: 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.
IMAGIN8ION
Largest movements
- Receivables after one year -€15,410
no longer reported in 2025 (was €15,410)
- Receivables within one year -€12,916
down €12,916 (-39.2%), from €32,923 to €20,007
of which Trade receivables: -€8,933
- Cash +€10,844
up €10,844 (+27.9%), from €38,829 to €49,673
mainly Other debts (+€51,757) and Receivables after one year (+€15,410)
- Deferred charges and accrued income +€6,631
up €6,631 (+378%), from €1,754 to €8,385
- Reserves -€77,464
down €77,464 (-77.6%), from €99,837 to €22,373
- Other debts +€51,757
new in 2025: €51,757
- Tax, wage and social debts +€10,394
up €10,394 (+430%), from €2,420 to €12,814
- Trade debts +€5,213
up €5,213 (+1,495%), from €349 to €5,562
- Gross operating margin -€21,324
down €21,324 (-44.0%), from €48,443 to €27,119
- Taxes -€4,785
down €4,785 (-51.9%), from €9,225 to €4,440
- Other operating charges +€1,042
up €1,042 (+130%), from €801 to €1,843
- Depreciation +€971
up €971 (+16.0%), from €6,069 to €7,040
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 | €121,206 | €111,106 | -€10,100 | -8.3% |
| Fixed assets | 21/28 | €32,289 | €33,040 | +€751 | +2.3% |
| Tangible fixed assets | 22/27 | €32,289 | €33,040 | +€751 | +2.3% |
| Land and buildings | 22 | €26,937 | €23,385 | -€3,552 | -13.2% |
| Plant, machinery and equipment | 23 | €2,130 | €4,437 | +€2,307 | +108% |
| Furniture and vehicles | 24 | €3,222 | €5,218 | +€1,996 | +61.9% |
| Current assets | 29/58 | €88,917 | €78,066 | -€10,851 | -12.2% |
| Amounts receivable after more than one year | 29 | €15,410 | - | -€15,410 | |
| Other amounts receivable | 291 | €15,410 | - | -€15,410 | |
| Amounts receivable within one year | 40/41 | €32,923 | €20,007 | -€12,916 | -39.2% |
| Trade receivables | 40 | €21,940 | €13,007 | -€8,933 | -40.7% |
| Other amounts receivable | 41 | €10,983 | €7,000 | -€3,983 | -36.3% |
| Cash at bank and in hand | 54/58 | €38,829 | €49,673 | +€10,844 | +27.9% |
| Deferred charges and accrued income | 490/1 | €1,754 | €8,385 | +€6,631 | +378% |
| Total equity and liabilities | 10/49 | €121,206 | €111,106 | -€10,100 | -8.3% |
| Equity | 10/15 | €118,437 | €40,973 | -€77,464 | -65.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,837 | €22,373 | -€77,464 | -77.6% |
| Distributable reserves | 133 | €99,837 | €22,373 | -€77,464 | -77.6% |
| Amounts payable | 17/49 | €2,769 | €70,133 | +€67,364 | +2,433% |
| Amounts payable within one year | 42/48 | €2,769 | €70,133 | +€67,364 | +2,433% |
| Trade debts | 44 | €349 | €5,562 | +€5,213 | +1,495% |
| Suppliers | 440/4 | €349 | €5,562 | +€5,213 | +1,495% |
| Taxes, remuneration and social security | 45 | €2,420 | €12,814 | +€10,394 | +430% |
| Taxes | 450/3 | €2,420 | €12,814 | +€10,394 | +430% |
| Other amounts payable | 47/48 | - | €51,757 | +€51,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,069 | €7,040 | +€971 | +16.0% |
| Other operating charges | 640/8 | €801 | €1,843 | +€1,042 | +130% |
| Gross operating margin | 9900 | €48,443 | €27,119 | -€21,324 | -44.0% |
| Operating profit (loss) | 9901 | €41,573 | €18,236 | -€23,337 | -56.1% |
| Financial income | 75/76B | €309 | €567 | +€258 | +83.2% |
| Recurring financial income | 75 | €309 | €567 | +€258 | +83.2% |
| Financial charges | 65/66B | €213 | €62 | -€151 | -70.9% |
| Recurring financial charges | 65 | €213 | €62 | -€151 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €41,669 | €18,741 | -€22,928 | -55.0% |
| Income taxes | 67/77 | €9,225 | €4,440 | -€4,785 | -51.9% |
| Profit (loss) for the period | 9904 | €32,444 | €14,301 | -€18,143 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,444 | €14,301 | -€18,143 | -55.9% |
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 18 October 2026 via checked.be.