Imagination@work: 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.
Imagination@work
Largest movements
- Cash -€12,927
down €12,927 (-9.1%), from €141,405 to €128,478
mainly Contributions, distributions and other (-€36,744) and Tax, wage and social debts (-€17,096)
- Receivables within one year -€8,768
down €8,768 (-37.3%), from €23,525 to €14,758
of which Other amounts receivable: -€7,531
- Other debts +€28,267
new in 2025: €28,267
- Profit (loss) carried forward -€18,667
down €18,667 (-15.4%), from €120,950 to €102,283
- Tax, wage and social debts -€17,096
down €17,096 (-59.7%), from €28,627 to €11,531
- Trade debts -€6,832
down €6,832 (-61.7%), from €11,073 to €4,241
- Debts after one year -€6,283
down €6,283 (-41.8%), from €15,032 to €8,748
- Gross operating margin +€14,704
up €14,704 (+74.0%), from €19,877 to €34,581
- Taxes +€2,814
up €2,814 (+72.1%), from €3,902 to €6,717
- Depreciation +€2,247
up €2,247 (+61.7%), from €3,645 to €5,892
- Financial income +€554
up €554 (+215.7%), from €257 to €810
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 | €192,512 | €171,807 | -€20,705 | -10.8% |
| Fixed assets | 21/28 | €26,166 | €27,957 | +€1,791 | +6.8% |
| Intangible fixed assets | 21 | €13,292 | €14,702 | +€1,410 | +10.6% |
| Tangible fixed assets | 22/27 | €9,574 | €9,955 | +€381 | +4.0% |
| Plant, machinery and equipment | 23 | €1,965 | €1,534 | -€431 | -21.9% |
| Furniture and vehicles | 24 | €2,362 | €3,802 | +€1,440 | +60.9% |
| Other tangible fixed assets | 26 | €5,247 | €4,619 | -€628 | -12.0% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €166,346 | €143,850 | -€22,496 | -13.5% |
| Amounts receivable within one year | 40/41 | €23,525 | €14,758 | -€8,768 | -37.3% |
| Trade receivables | 40 | €12,444 | €11,208 | -€1,236 | -9.9% |
| Other amounts receivable | 41 | €11,081 | €3,550 | -€7,531 | -68.0% |
| Cash at bank and in hand | 54/58 | €141,405 | €128,478 | -€12,927 | -9.1% |
| Deferred charges and accrued income | 490/1 | €1,416 | €614 | -€801 | -56.6% |
| Total equity and liabilities | 10/49 | €192,512 | €171,807 | -€20,705 | -10.8% |
| Equity | 10/15 | €131,726 | €111,615 | -€20,111 | -15.3% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,950 | €102,283 | -€18,667 | -15.4% |
| Investment grants | 15 | €5,776 | €4,332 | -€1,444 | -25.0% |
| Amounts payable | 17/49 | €60,786 | €60,192 | -€595 | -1.0% |
| Amounts payable after more than one year | 17 | €15,032 | €8,748 | -€6,283 | -41.8% |
| Financial debts | 170/4 | €15,032 | €8,748 | -€6,283 | -41.8% |
| Amounts payable within one year | 42/48 | €45,755 | €51,443 | +€5,689 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €6,055 | €6,283 | +€229 | +3.8% |
| Financial debts | 43 | - | €1,121 | +€1,121 | |
| Other loans | 439 | - | €1,121 | +€1,121 | |
| Trade debts | 44 | €11,073 | €4,241 | -€6,832 | -61.7% |
| Suppliers | 440/4 | €11,073 | €4,241 | -€6,832 | -61.7% |
| Taxes, remuneration and social security | 45 | €28,627 | €11,531 | -€17,096 | -59.7% |
| Taxes | 450/3 | €28,627 | €11,531 | -€17,096 | -59.7% |
| Other amounts payable | 47/48 | - | €28,267 | +€28,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,645 | €5,892 | +€2,247 | +61.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €4,676 | +€4,676 | |
| Gross operating margin | 9900 | €19,877 | €34,581 | +€14,704 | +74.0% |
| Operating profit (loss) | 9901 | €15,845 | €23,613 | +€7,768 | +49.0% |
| Financial income | 75/76B | €257 | €810 | +€554 | +215.7% |
| Recurring financial income | 75 | €257 | €810 | +€554 | +215.7% |
| Financial charges | 65/66B | €845 | €1,073 | +€228 | +27.0% |
| Recurring financial charges | 65 | €845 | €1,073 | +€228 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €15,257 | €23,350 | +€8,093 | +53.0% |
| Income taxes | 67/77 | €3,902 | €6,717 | +€2,814 | +72.1% |
| Profit (loss) for the period | 9904 | €11,354 | €16,633 | +€5,279 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,354 | €16,633 | +€5,279 | +46.5% |
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 2 October 2026 via checked.be.