IMAGINE 1618: 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.
IMAGINE 1618
Largest movements
- Cash +€10,362
up €10,362 (+41.6%), from €24,922 to €35,284
mainly Net result for the year (+€17,205) and Depreciation (+€6,331)
- Tangible fixed assets -€6,681
down €6,681 (-90.2%), from €7,407 to €727
- Receivables within one year +€3,063
up €3,063 (+253%), from €1,210 to €4,273
of which Other amounts receivable: +€2,972
- Deferred charges and accrued income +€2,243
up €2,243 (+1,060%), from €212 to €2,454
- Other debts +€5,175
up €5,175 (+52.7%), from €9,825 to €15,000
- Profit (loss) carried forward +€2,205
up €2,205 (+198%), from €1,116 to €3,321
- Trade debts +€2,139
up €2,139 (+162%), from €1,323 to €3,461
- Advances received -€690
no longer reported in 2025 (was €690)
- Depreciation -€6,073
down €6,073 (-49.0%), from €12,403 to €6,331
- Gross operating margin +€2,548
up €2,548 (+8.6%), from €29,679 to €32,226
- Taxes +€1,400
up €1,400 (+24.2%), from €5,790 to €7,190
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 | €33,751 | €42,738 | +€8,987 | +26.6% |
| Fixed assets | 21/28 | €7,407 | €727 | -€6,681 | -90.2% |
| Tangible fixed assets | 22/27 | €7,407 | €727 | -€6,681 | -90.2% |
| Furniture and vehicles | 24 | €7,407 | €727 | -€6,681 | -90.2% |
| Current assets | 29/58 | €26,344 | €42,011 | +€15,667 | +59.5% |
| Amounts receivable within one year | 40/41 | €1,210 | €4,273 | +€3,063 | +253% |
| Trade receivables | 40 | - | €91 | +€91 | |
| Other amounts receivable | 41 | €1,210 | €4,182 | +€2,972 | +246% |
| Cash at bank and in hand | 54/58 | €24,922 | €35,284 | +€10,362 | +41.6% |
| Deferred charges and accrued income | 490/1 | €212 | €2,454 | +€2,243 | +1,060% |
| Total equity and liabilities | 10/49 | €33,751 | €42,738 | +€8,987 | +26.6% |
| Equity | 10/15 | €21,576 | €23,781 | +€2,205 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €1,116 | €3,321 | +€2,205 | +198% |
| Amounts payable | 17/49 | €12,175 | €18,957 | +€6,782 | +55.7% |
| Amounts payable within one year | 42/48 | €12,175 | €18,957 | +€6,782 | +55.7% |
| Trade debts | 44 | €1,323 | €3,461 | +€2,139 | +162% |
| Suppliers | 440/4 | €1,323 | €3,461 | +€2,139 | +162% |
| Advances received on contracts in progress | 46 | €690 | - | -€690 | |
| Taxes, remuneration and social security | 45 | €338 | €495 | +€158 | +46.6% |
| Taxes | 450/3 | €338 | €495 | +€158 | +46.6% |
| Other amounts payable | 47/48 | €9,825 | €15,000 | +€5,175 | +52.7% |
| Non-recurring operating income | 76A | - | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,403 | €6,331 | -€6,073 | -49.0% |
| Other operating charges | 640/8 | €1,109 | €1,361 | +€252 | +22.7% |
| Gross operating margin | 9900 | €29,679 | €32,226 | +€2,548 | +8.6% |
| Operating profit (loss) | 9901 | €16,167 | €24,535 | +€8,368 | +51.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €277 | €140 | -€137 | -49.4% |
| Recurring financial charges | 65 | €277 | €140 | -€137 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €15,890 | €24,395 | +€8,505 | +53.5% |
| Income taxes | 67/77 | €5,790 | €7,190 | +€1,400 | +24.2% |
| Profit (loss) for the period | 9904 | €10,100 | €17,205 | +€7,105 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,100 | €17,205 | +€7,105 | +70.3% |
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 25 October 2026 via checked.be.