IMAGIO: 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.
IMAGIO
Largest movements
- Tangible fixed assets +€15,153
up €15,153 (+27.9%), from €54,333 to €69,487
of which Furniture and vehicles: +€20,727
- Cash +€11,379
up €11,379 (+80.4%), from €14,150 to €25,530
mainly Net result for the year (+€22,455) and Trade debts (+€12,272)
- Receivables within one year -€8,857
down €8,857 (-54.6%), from €16,232 to €7,375
of which Trade receivables: -€6,534
- Deferred charges and accrued income +€3,182
up €3,182 (+443%), from €719 to €3,900
- Intangible fixed assets -€3,000
down €3,000 (-11.0%), from €27,247 to €24,247
- Profit (loss) carried forward +€22,455
up €22,455 (+36.9%), from -€60,856 to -€38,400
- Other debts -€12,715
down €12,715 (-10.3%), from €123,402 to €110,687
- Trade debts +€12,272
up €12,272 (+127%), from €9,631 to €21,903
- Tax, wage and social debts -€2,554
down €2,554 (-48.1%), from €5,310 to €2,757
of which Taxes: -€2,568
- Gross operating margin -€7,237
down €7,237 (-17.0%), from €42,644 to €35,407
- Financial charges -€439
down €439 (-49.5%), from €886 to €447
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 | €140,092 | €159,792 | +€19,700 | +14.1% |
| Fixed assets | 21/28 | €81,580 | €93,733 | +€12,153 | +14.9% |
| Intangible fixed assets | 21 | €27,247 | €24,247 | -€3,000 | -11.0% |
| Tangible fixed assets | 22/27 | €54,333 | €69,487 | +€15,153 | +27.9% |
| Land and buildings | 22 | €50,863 | €45,289 | -€5,574 | -11.0% |
| Furniture and vehicles | 24 | €3,470 | €24,198 | +€20,727 | +597% |
| Current assets | 29/58 | €58,512 | €66,058 | +€7,546 | +12.9% |
| Stocks and contracts in progress | 3 | €27,411 | €29,253 | +€1,842 | +6.7% |
| Stocks | 30/36 | €27,411 | €29,253 | +€1,842 | +6.7% |
| Amounts receivable within one year | 40/41 | €16,232 | €7,375 | -€8,857 | -54.6% |
| Trade receivables | 40 | €12,241 | €5,707 | -€6,534 | -53.4% |
| Other amounts receivable | 41 | €3,990 | €1,668 | -€2,323 | -58.2% |
| Cash at bank and in hand | 54/58 | €14,150 | €25,530 | +€11,379 | +80.4% |
| Deferred charges and accrued income | 490/1 | €719 | €3,900 | +€3,182 | +443% |
| Total equity and liabilities | 10/49 | €140,092 | €159,792 | +€19,700 | +14.1% |
| Equity | 10/15 | €1,749 | €24,205 | +€22,455 | +1,284% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €632 | €632 | = | 0.0% |
| Non-distributable reserves | 130/1 | €632 | €632 | = | 0.0% |
| Legal reserve | 130 | €632 | €632 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,856 | -€38,400 | +€22,455 | +36.9% |
| Amounts payable | 17/49 | €138,343 | €135,587 | -€2,756 | -2.0% |
| Amounts payable within one year | 42/48 | €138,343 | €135,587 | -€2,756 | -2.0% |
| Trade debts | 44 | €9,631 | €21,903 | +€12,272 | +127% |
| Suppliers | 440/4 | €9,631 | €21,903 | +€12,272 | +127% |
| Advances received on contracts in progress | 46 | - | €240 | +€240 | |
| Taxes, remuneration and social security | 45 | €5,310 | €2,757 | -€2,554 | -48.1% |
| Taxes | 450/3 | €2,813 | €245 | -€2,568 | -91.3% |
| Remuneration and social security | 454/9 | €2,497 | €2,512 | +€15 | +0.6% |
| Other amounts payable | 47/48 | €123,402 | €110,687 | -€12,715 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,838 | €10,845 | +€7 | +0.1% |
| Other operating charges | 640/8 | €1,777 | €1,663 | -€114 | -6.4% |
| Gross operating margin | 9900 | €42,644 | €35,407 | -€7,237 | -17.0% |
| Operating profit (loss) | 9901 | €30,029 | €22,899 | -€7,129 | -23.7% |
| Financial income | 75/76B | €166 | €144 | -€22 | -13.2% |
| Recurring financial income | 75 | €166 | €144 | -€22 | -13.2% |
| Financial charges | 65/66B | €886 | €447 | -€439 | -49.5% |
| Recurring financial charges | 65 | €886 | €447 | -€439 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €29,309 | €22,596 | -€6,713 | -22.9% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | €29,181 | €22,455 | -€6,726 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,181 | €22,455 | -€6,726 | -23.0% |
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 14 October 2026 via checked.be.