IMAGINE NN: 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 NN
Largest movements
- Stocks and contracts -€13,279
down €13,279 (-21.0%), from €63,277 to €49,998
- Receivables within one year +€10,657
new in 2026: €10,657
- Cash +€3,654
up €3,654 (+16.5%), from €22,202 to €25,856
mainly Stocks and contracts (+€13,279) and Net result for the year (+€10,406)
- Tangible fixed assets -€2,922
down €2,922 (-40.7%), from €7,183 to €4,261
- Debts after one year -€12,943
down €12,943 (-63.2%), from €20,489 to €7,546
- Other debts -€10,500
no longer reported in 2026 (was €10,500)
- Reserves +€10,000
up €10,000 (+62.5%), from €16,000 to €26,000
- Trade debts +€8,672
up €8,672 (+36.1%), from €24,012 to €32,684
- Tax, wage and social debts +€1,688
up €1,688 (+78.0%), from €2,164 to €3,852
- Staff costs +€2,913
up €2,913 (+531%), from €549 to €3,462
- Gross operating margin +€2,871
up €2,871 (+14.7%), from €19,593 to €22,464
- Financial charges +€586
up €586 (+59.6%), from €983 to €1,569
- Other operating charges -€529
down €529 (-49.9%), from €1,060 to €531
- Financial income +€277
new in 2026: €277
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,670 | €98,993 | -€2,677 | -2.6% |
| Fixed assets | 21/28 | €13,363 | €10,441 | -€2,922 | -21.9% |
| Tangible fixed assets | 22/27 | €7,183 | €4,261 | -€2,922 | -40.7% |
| Plant, machinery and equipment | 23 | €7,183 | €4,261 | -€2,922 | -40.7% |
| Financial fixed assets | 28 | €6,180 | €6,180 | = | 0.0% |
| Current assets | 29/58 | €88,307 | €88,552 | +€245 | +0.3% |
| Stocks and contracts in progress | 3 | €63,277 | €49,998 | -€13,279 | -21.0% |
| Stocks | 30/36 | €63,277 | €49,998 | -€13,279 | -21.0% |
| Amounts receivable within one year | 40/41 | - | €10,657 | +€10,657 | |
| Other amounts receivable | 41 | - | €10,657 | +€10,657 | |
| Cash at bank and in hand | 54/58 | €22,202 | €25,856 | +€3,654 | +16.5% |
| Deferred charges and accrued income | 490/1 | €2,828 | €2,041 | -€787 | -27.8% |
| Total equity and liabilities | 10/49 | €101,670 | €98,993 | -€2,677 | -2.6% |
| Equity | 10/15 | €31,562 | €41,968 | +€10,406 | +33.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €26,000 | +€10,000 | +62.5% |
| Distributable reserves | 133 | €16,000 | €26,000 | +€10,000 | +62.5% |
| Profit (loss) carried forward | 14 | €562 | €968 | +€406 | +72.2% |
| Amounts payable | 17/49 | €70,108 | €57,025 | -€13,083 | -18.7% |
| Amounts payable after more than one year | 17 | €20,489 | €7,546 | -€12,943 | -63.2% |
| Financial debts | 170/4 | €20,489 | €7,546 | -€12,943 | -63.2% |
| Amounts payable within one year | 42/48 | €49,619 | €49,478 | -€141 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €12,943 | €12,943 | -€0 | 0.0% |
| Trade debts | 44 | €24,012 | €32,684 | +€8,672 | +36.1% |
| Suppliers | 440/4 | €24,012 | €32,684 | +€8,672 | +36.1% |
| Taxes, remuneration and social security | 45 | €2,164 | €3,852 | +€1,688 | +78.0% |
| Taxes | 450/3 | €2,164 | €3,852 | +€1,688 | +78.0% |
| Other amounts payable | 47/48 | €10,500 | - | -€10,500 | |
| Remuneration, social security and pensions | 62 | €549 | €3,462 | +€2,913 | +531% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,922 | €2,922 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,060 | €531 | -€529 | -49.9% |
| Gross operating margin | 9900 | €19,593 | €22,464 | +€2,871 | +14.7% |
| Operating profit (loss) | 9901 | €15,062 | €15,550 | +€488 | +3.2% |
| Financial income | 75/76B | - | €277 | +€277 | |
| Recurring financial income | 75 | - | €277 | +€277 | |
| Financial charges | 65/66B | €983 | €1,569 | +€586 | +59.6% |
| Recurring financial charges | 65 | €983 | €1,569 | +€586 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €14,079 | €14,258 | +€179 | +1.3% |
| Income taxes | 67/77 | €3,815 | €3,852 | +€37 | +1.0% |
| Profit (loss) for the period | 9904 | €10,264 | €10,406 | +€142 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,264 | €10,406 | +€142 | +1.4% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.