IMGIC: 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.
IMGIC
Largest movements
- Current investments +€114,959
up €114,959 (+37.9%), from €303,484 to €418,443
- Cash -€54,328
down €54,328 (-16.6%), from €326,855 to €272,527
mainly Current investments (-€114,959) and Contributions, distributions and other (-€78,700)
- Receivables within one year +€49,110
up €49,110 (+44.9%), from €109,356 to €158,466
of which Trade receivables: +€25,499
- Reserves +€88,300
up €88,300 (+11.7%), from €753,110 to €841,410
- Tax, wage and social debts +€11,954
up €11,954 (+45.1%), from €26,490 to €38,444
of which Taxes: +€14,242
- Gross operating margin +€48,918
up €48,918 (+28.7%), from €170,617 to €219,535
- Financial charges +€39,418
up €39,418 (+5471.0%), from €720 to €40,138
- Financial income -€30,718
down €30,718 (-34.9%), from €87,925 to €57,207
- Depreciation +€7,493
up €7,493 (+336.9%), from €2,224 to €9,717
- Taxes -€5,494
down €5,494 (-8.6%), from €63,769 to €58,276
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 | €793,734 | €895,764 | +€102,030 | +12.9% |
| Fixed assets | 21/28 | €52,044 | €45,027 | -€7,017 | -13.5% |
| Tangible fixed assets | 22/27 | €52,044 | €45,027 | -€7,017 | -13.5% |
| Furniture and vehicles | 24 | €52,044 | €45,027 | -€7,017 | -13.5% |
| Current assets | 29/58 | €741,690 | €850,737 | +€109,048 | +14.7% |
| Amounts receivable within one year | 40/41 | €109,356 | €158,466 | +€49,110 | +44.9% |
| Trade receivables | 40 | €12,503 | €38,002 | +€25,499 | +203.9% |
| Other amounts receivable | 41 | €96,853 | €120,463 | +€23,611 | +24.4% |
| Current investments | 50/53 | €303,484 | €418,443 | +€114,959 | +37.9% |
| Cash at bank and in hand | 54/58 | €326,855 | €272,527 | -€54,328 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,995 | €1,301 | -€694 | -34.8% |
| Total equity and liabilities | 10/49 | €793,734 | €895,764 | +€102,030 | +12.9% |
| Equity | 10/15 | €766,085 | €854,400 | +€88,315 | +11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €753,110 | €841,410 | +€88,300 | +11.7% |
| Distributable reserves | 133 | €753,110 | €841,410 | +€88,300 | +11.7% |
| Profit (loss) carried forward | 14 | €575 | €590 | +€15 | +2.6% |
| Amounts payable | 17/49 | €27,649 | €41,364 | +€13,716 | +49.6% |
| Amounts payable within one year | 42/48 | €27,649 | €41,364 | +€13,716 | +49.6% |
| Trade debts | 44 | €1,159 | €2,920 | +€1,761 | +152.0% |
| Suppliers | 440/4 | €1,159 | €2,920 | +€1,761 | +152.0% |
| Taxes, remuneration and social security | 45 | €26,490 | €38,444 | +€11,954 | +45.1% |
| Taxes | 450/3 | €21,990 | €36,232 | +€14,242 | +64.8% |
| Remuneration and social security | 454/9 | €4,500 | €2,212 | -€2,288 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,224 | €9,717 | +€7,493 | +336.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,901 | €1,597 | -€304 | -16.0% |
| Gross operating margin | 9900 | €170,617 | €219,535 | +€48,918 | +28.7% |
| Operating profit (loss) | 9901 | €166,491 | €208,221 | +€41,730 | +25.1% |
| Financial income | 75/76B | €87,925 | €57,207 | -€30,718 | -34.9% |
| Recurring financial income | 75 | €87,925 | €57,207 | -€30,718 | -34.9% |
| Financial charges | 65/66B | €720 | €40,138 | +€39,418 | +5471.0% |
| Recurring financial charges | 65 | €720 | €40,138 | +€39,418 | +5471.0% |
| Profit (loss) for the period before taxes | 9903 | €253,696 | €225,290 | -€28,406 | -11.2% |
| Income taxes | 67/77 | €63,769 | €58,276 | -€5,494 | -8.6% |
| Profit (loss) for the period | 9904 | €189,927 | €167,015 | -€22,912 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €189,927 | €167,015 | -€22,912 | -12.1% |
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.