Imagine Value: 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.
Imagine Value
Largest movements
- Current investments +€19,950
new in 2025: €19,950
- Cash -€8,982
down €8,982 (-9.6%), from €93,514 to €84,532
mainly Other debts (-€50,000) and Current investments (-€19,950)
- Receivables within one year -€6,109
down €6,109 (-25.2%), from €24,250 to €18,141
of which Other amounts receivable: -€5,387
- Tangible fixed assets +€3,363
up €3,363 (+42.1%), from €7,982 to €11,344
of which Furniture and vehicles: +€2,436
- Profit (loss) carried forward +€69,319
up €69,319 (+135.9%), from €51,005 to €120,324
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Tax, wage and social debts -€11,384
down €11,384 (-64.4%), from €17,684 to €6,300
- Gross operating margin +€7,149
up €7,149 (+8.3%), from €85,943 to €93,092
- Financial income -€2,673
down €2,673 (-79.6%), from €3,358 to €685
- Financial charges +€1,395
up €1,395 (+129.2%), from €1,079 to €2,474
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 | €131,992 | €140,832 | +€8,839 | +6.7% |
| Fixed assets | 21/28 | €7,982 | €11,344 | +€3,363 | +42.1% |
| Tangible fixed assets | 22/27 | €7,982 | €11,344 | +€3,363 | +42.1% |
| Furniture and vehicles | 24 | €7,982 | €10,418 | +€2,436 | +30.5% |
| Other tangible fixed assets | 26 | - | €927 | +€927 | |
| Current assets | 29/58 | €124,010 | €129,487 | +€5,477 | +4.4% |
| Amounts receivable within one year | 40/41 | €24,250 | €18,141 | -€6,109 | -25.2% |
| Trade receivables | 40 | €16,260 | €15,538 | -€723 | -4.4% |
| Other amounts receivable | 41 | €7,990 | €2,603 | -€5,387 | -67.4% |
| Current investments | 50/53 | - | €19,950 | +€19,950 | |
| Cash at bank and in hand | 54/58 | €93,514 | €84,532 | -€8,982 | -9.6% |
| Deferred charges and accrued income | 490/1 | €6,247 | €6,865 | +€618 | +9.9% |
| Total equity and liabilities | 10/49 | €131,992 | €140,832 | +€8,839 | +6.7% |
| Equity | 10/15 | €57,789 | €127,108 | +€69,319 | +120.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,784 | €1,784 | = | 0.0% |
| Distributable reserves | 133 | €1,784 | €1,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,005 | €120,324 | +€69,319 | +135.9% |
| Amounts payable | 17/49 | €74,203 | €13,723 | -€60,480 | -81.5% |
| Amounts payable within one year | 42/48 | €73,723 | €13,243 | -€60,480 | -82.0% |
| Trade debts | 44 | €6,040 | €6,943 | +€903 | +15.0% |
| Suppliers | 440/4 | €6,040 | €6,943 | +€903 | +15.0% |
| Taxes, remuneration and social security | 45 | €17,684 | €6,300 | -€11,384 | -64.4% |
| Taxes | 450/3 | €17,684 | €6,300 | -€11,384 | -64.4% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Accrued charges and deferred income | 492/3 | €480 | €480 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,322 | €3,653 | +€330 | +9.9% |
| Gross operating margin | 9900 | €85,943 | €93,092 | +€7,149 | +8.3% |
| Operating profit (loss) | 9901 | €82,621 | €89,439 | +€6,819 | +8.3% |
| Financial income | 75/76B | €3,358 | €685 | -€2,673 | -79.6% |
| Recurring financial income | 75 | €3,358 | €685 | -€2,673 | -79.6% |
| Financial charges | 65/66B | €1,079 | €2,474 | +€1,395 | +129.2% |
| Recurring financial charges | 65 | €1,079 | €2,474 | +€1,395 | +129.2% |
| Profit (loss) for the period before taxes | 9903 | €84,899 | €87,650 | +€2,751 | +3.2% |
| Income taxes | 67/77 | €17,891 | €18,330 | +€439 | +2.5% |
| Profit (loss) for the period | 9904 | €67,008 | €69,319 | +€2,312 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,008 | €69,319 | +€2,312 | +3.4% |
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 5 October 2026 via checked.be.