IMAJ'N: 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.
IMAJ'N
Largest movements
- Cash -€32,707
down €32,707 (-82.9%), from €39,449 to €6,741
mainly Net result for the year (-€40,953) and Tax, wage and social debts (-€14,375)
- Receivables after one year -€18,652
down €18,652 (-22.0%), from €84,851 to €66,198
- Receivables within one year -€1,556
down €1,556 (-53.4%), from €2,915 to €1,359
of which Trade receivables: -€2,915
- Profit (loss) carried forward -€40,953
down €40,953 (-54.6%), from €75,060 to €34,107
- Tax, wage and social debts -€14,375
down €14,375 (-30.9%), from €46,545 to €32,169
of which Taxes: -€13,915
- Gross operating margin -€154,286
down €154,286, from €116,410 to -€37,876
- Taxes -€30,802
down €30,802 (-98.0%), from €31,424 to €622
- Staff costs -€8,550
down €8,550, from €8,089 to -€461
- Financial charges -€2,269
down €2,269 (-50.2%), from €4,518 to €2,249
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,347 | €80,499 | -€54,849 | -40.5% |
| Fixed assets | 21/28 | €5,792 | €4,770 | -€1,022 | -17.6% |
| Tangible fixed assets | 22/27 | €5,535 | €4,513 | -€1,022 | -18.5% |
| Land and buildings | 22 | €3,580 | €3,580 | = | 0.0% |
| Furniture and vehicles | 24 | €1,955 | €933 | -€1,022 | -52.3% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €129,556 | €75,729 | -€53,827 | -41.5% |
| Amounts receivable after more than one year | 29 | €84,851 | €66,198 | -€18,652 | -22.0% |
| Trade receivables | 290 | €84,851 | €66,198 | -€18,652 | -22.0% |
| Amounts receivable within one year | 40/41 | €2,915 | €1,359 | -€1,556 | -53.4% |
| Trade receivables | 40 | €2,915 | - | -€2,915 | |
| Other amounts receivable | 41 | - | €1,359 | +€1,359 | |
| Cash at bank and in hand | 54/58 | €39,449 | €6,741 | -€32,707 | -82.9% |
| Deferred charges and accrued income | 490/1 | €2,342 | €1,431 | -€911 | -38.9% |
| Total equity and liabilities | 10/49 | €135,347 | €80,499 | -€54,849 | -40.5% |
| Equity | 10/15 | €83,120 | €42,167 | -€40,953 | -49.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,060 | €34,107 | -€40,953 | -54.6% |
| Amounts payable | 17/49 | €52,227 | €38,331 | -€13,896 | -26.6% |
| Amounts payable within one year | 42/48 | €52,227 | €37,758 | -€14,469 | -27.7% |
| Financial debts | 43 | €1,064 | - | -€1,064 | |
| Credit institutions | 430/8 | €1,064 | - | -€1,064 | |
| Trade debts | 44 | €4,618 | €5,589 | +€971 | +21.0% |
| Suppliers | 440/4 | €4,618 | €5,589 | +€971 | +21.0% |
| Taxes, remuneration and social security | 45 | €46,545 | €32,169 | -€14,375 | -30.9% |
| Taxes | 450/3 | €45,993 | €32,078 | -€13,915 | -30.3% |
| Remuneration and social security | 454/9 | €552 | €91 | -€461 | -83.5% |
| Accrued charges and deferred income | 492/3 | - | €573 | +€573 | |
| Remuneration, social security and pensions | 62 | €8,089 | -€461 | -€8,550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,546 | €1,022 | -€524 | -33.9% |
| Other operating charges | 640/8 | €1,191 | €1,078 | -€113 | -9.5% |
| Gross operating margin | 9900 | €116,410 | -€37,876 | -€154,286 | |
| Operating profit (loss) | 9901 | €105,584 | -€39,515 | -€145,099 | |
| Financial income | 75/76B | €1,898 | €1,433 | -€465 | -24.5% |
| Recurring financial income | 75 | €1,898 | €1,433 | -€465 | -24.5% |
| Financial charges | 65/66B | €4,518 | €2,249 | -€2,269 | -50.2% |
| Recurring financial charges | 65 | €4,518 | €2,249 | -€2,269 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €102,964 | -€40,331 | -€143,295 | |
| Income taxes | 67/77 | €31,424 | €622 | -€30,802 | -98.0% |
| Profit (loss) for the period | 9904 | €71,540 | -€40,953 | -€112,493 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,540 | -€40,953 | -€112,493 |
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 8 October 2026 via checked.be.