IMAGINE L: 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 L
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€127,722
up €127,722 (+45.3%), from €282,220 to €409,942
- Current portion of long-term debt -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Debts after one year -€75,000
down €75,000 (-18.8%), from €400,000 to €325,000
- Profit (loss) carried forward +€24,895
no longer reported in 2025 (was -€24,895)
- Gross operating margin +€48,205
up €48,205 (+148%), from €32,505 to €80,710
- Financial charges -€6,774
down €6,774 (-16.1%), from €42,045 to €35,271
- Taxes +€5,371
up €5,371 (+2,536%), from €212 to €5,583
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 | €1,141,714 | €1,132,055 | -€9,659 | -0.8% |
| Fixed assets | 21/28 | €1,108,038 | €1,103,280 | -€4,758 | -0.4% |
| Tangible fixed assets | 22/27 | €11,382 | €6,624 | -€4,758 | -41.8% |
| Furniture and vehicles | 24 | €11,382 | €6,624 | -€4,758 | -41.8% |
| Financial fixed assets | 28 | €1,096,657 | €1,096,657 | = | 0.0% |
| Current assets | 29/58 | €33,676 | €28,775 | -€4,901 | -14.6% |
| Amounts receivable within one year | 40/41 | €13,258 | €18,150 | +€4,892 | +36.9% |
| Trade receivables | 40 | €8,470 | €18,150 | +€9,680 | +114% |
| Other amounts receivable | 41 | €4,788 | - | -€4,788 | |
| Cash at bank and in hand | 54/58 | €20,418 | €10,625 | -€9,793 | -48.0% |
| Total equity and liabilities | 10/49 | €1,141,714 | €1,132,055 | -€9,659 | -0.8% |
| Equity | 10/15 | €141,305 | €175,105 | +€33,799 | +23.9% |
| Contributions | 10/11 | €166,200 | €166,200 | = | 0.0% |
| Reserves | 13 | - | €8,905 | +€8,905 | |
| Distributable reserves | 133 | - | €8,905 | +€8,905 | |
| Profit (loss) carried forward | 14 | -€24,895 | - | +€24,895 | |
| Amounts payable | 17/49 | €1,000,409 | €956,951 | -€43,459 | -4.3% |
| Amounts payable after more than one year | 17 | €400,000 | €325,000 | -€75,000 | -18.8% |
| Financial debts | 170/4 | €400,000 | €325,000 | -€75,000 | -18.8% |
| Amounts payable within one year | 42/48 | €597,064 | €627,258 | +€30,194 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Trade debts | 44 | €9,092 | €3,916 | -€5,176 | -56.9% |
| Suppliers | 440/4 | €9,092 | €3,916 | -€5,176 | -56.9% |
| Taxes, remuneration and social security | 45 | €5,752 | €13,400 | +€7,647 | +133% |
| Taxes | 450/3 | €5,752 | €13,400 | +€7,647 | +133% |
| Other amounts payable | 47/48 | €282,220 | €409,942 | +€127,722 | +45.3% |
| Accrued charges and deferred income | 492/3 | €3,345 | €4,693 | +€1,348 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,693 | €4,758 | +€65 | +1.4% |
| Other operating charges | 640/8 | €1,270 | €1,300 | +€29 | +2.3% |
| Gross operating margin | 9900 | €32,505 | €80,710 | +€48,205 | +148% |
| Operating profit (loss) | 9901 | €26,542 | €74,653 | +€48,111 | +181% |
| Financial income | 75/76B | €0 | €0 | -€0 | -3.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -3.2% |
| Financial charges | 65/66B | €42,045 | €35,271 | -€6,774 | -16.1% |
| Recurring financial charges | 65 | €42,045 | €35,271 | -€6,774 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,503 | €39,382 | +€54,885 | |
| Income taxes | 67/77 | €212 | €5,583 | +€5,371 | +2,536% |
| Profit (loss) for the period | 9904 | -€15,714 | €33,799 | +€49,514 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,714 | €33,799 | +€49,514 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.