IMAGIWALL: 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.
IMAGIWALL
Largest movements
- Tangible fixed assets -€5,329
down €5,329 (-21.7%), from €24,558 to €19,229
- Cash -€2,114
down €2,114 (-97.7%), from €2,163 to €49
mainly Net result for the year (-€10,981) and Debts after one year (-€3,082)
- Receivables within one year -€803
down €803 (-9.1%), from €8,826 to €8,022
of which Other amounts receivable: -€613
- Profit (loss) carried forward -€10,981
down €10,981 (-75.3%), from -€14,576 to -€25,557
- Other debts +€3,950
up €3,950 (+63.7%), from €6,203 to €10,153
- Debts after one year -€3,082
down €3,082 (-34.1%), from €9,050 to €5,968
- Tax, wage and social debts +€1,226
up €1,226 (+325.5%), from €377 to €1,602
- Gross operating margin +€9,776
up €9,776, from -€8,212 to €1,564
- Depreciation +€3,242
up €3,242 (+155.3%), from €2,087 to €5,329
- Staff costs +€2,966
up €2,966 (+77.9%), from €3,807 to €6,773
- Financial charges +€442
up €442 (+534.7%), from €83 to €524
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €36,048 | €27,505 | -€8,543 | -23.7% |
| Fixed assets | 21/28 | €24,763 | €19,434 | -€5,329 | -21.5% |
| Tangible fixed assets | 22/27 | €24,558 | €19,229 | -€5,329 | -21.7% |
| Plant, machinery and equipment | 23 | €24,558 | €19,229 | -€5,329 | -21.7% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €11,286 | €8,071 | -€3,214 | -28.5% |
| Amounts receivable within one year | 40/41 | €8,826 | €8,022 | -€803 | -9.1% |
| Trade receivables | 40 | €7,985 | €7,795 | -€190 | -2.4% |
| Other amounts receivable | 41 | €841 | €227 | -€613 | -72.9% |
| Cash at bank and in hand | 54/58 | €2,163 | €49 | -€2,114 | -97.7% |
| Deferred charges and accrued income | 490/1 | €297 | - | -€297 | |
| Total equity and liabilities | 10/49 | €36,048 | €27,505 | -€8,543 | -23.7% |
| Equity | 10/15 | €15,424 | €4,443 | -€10,981 | -71.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,576 | -€25,557 | -€10,981 | -75.3% |
| Amounts payable | 17/49 | €20,624 | €23,062 | +€2,438 | +11.8% |
| Amounts payable after more than one year | 17 | €9,050 | €5,968 | -€3,082 | -34.1% |
| Financial debts | 170/4 | €9,050 | €5,968 | -€3,082 | -34.1% |
| Amounts payable within one year | 42/48 | €11,574 | €17,094 | +€5,520 | +47.7% |
| Current portion of amounts payable after more than one year | 42 | €2,966 | €3,082 | +€116 | +3.9% |
| Trade debts | 44 | €2,028 | €2,256 | +€228 | +11.3% |
| Suppliers | 440/4 | €2,028 | €2,256 | +€228 | +11.3% |
| Taxes, remuneration and social security | 45 | €377 | €1,602 | +€1,226 | +325.5% |
| Remuneration and social security | 454/9 | €377 | €1,602 | +€1,226 | +325.5% |
| Other amounts payable | 47/48 | €6,203 | €10,153 | +€3,950 | +63.7% |
| Remuneration, social security and pensions | 62 | €3,807 | €6,773 | +€2,966 | +77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,087 | €5,329 | +€3,242 | +155.3% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€8,212 | €1,564 | +€9,776 | |
| Operating profit (loss) | 9901 | -€14,493 | -€10,538 | +€3,955 | +27.3% |
| Financial income | 75/76B | - | €81 | +€81 | |
| Recurring financial income | 75 | - | €81 | +€81 | |
| Financial charges | 65/66B | €83 | €524 | +€442 | +534.7% |
| Recurring financial charges | 65 | €83 | €524 | +€442 | +534.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,576 | -€10,981 | +€3,595 | +24.7% |
| Profit (loss) for the period | 9904 | -€14,576 | -€10,981 | +€3,595 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,576 | -€10,981 | +€3,595 | +24.7% |
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 3 October 2026 via checked.be.