IMMAGE: 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.
IMMAGE
Largest movements
- Tangible fixed assets +€3,387
up €3,387 (+165.0%), from €2,053 to €5,440
of which Other tangible fixed assets: +€3,790
- Cash -€3,312
down €3,312 (-3.6%), from €91,515 to €88,203
mainly Contributions, distributions and other (-€85,000) and Investment in fixed assets (net) (-€4,040)
- Deferred charges and accrued income -€963
down €963 (-36.7%), from €2,623 to €1,660
- Debts after one year +€34,425
new in 2025: €34,425
- Profit (loss) carried forward -€32,888
down €32,888 (-37.6%), from €87,563 to €54,675
- Other debts -€2,801
no longer reported in 2025 (was €2,801)
- Gross operating margin +€12,548
up €12,548 (+21.1%), from €59,349 to €71,897
- Taxes +€4,860
up €4,860 (+37.4%), from €13,000 to €17,860
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 | €96,191 | €95,303 | -€888 | -0.9% |
| Fixed assets | 21/28 | €2,053 | €5,440 | +€3,387 | +165.0% |
| Tangible fixed assets | 22/27 | €2,053 | €5,440 | +€3,387 | +165.0% |
| Furniture and vehicles | 24 | €402 | - | -€402 | |
| Other tangible fixed assets | 26 | €1,650 | €5,440 | +€3,790 | +229.6% |
| Current assets | 29/58 | €94,138 | €89,863 | -€4,275 | -4.5% |
| Cash at bank and in hand | 54/58 | €91,515 | €88,203 | -€3,312 | -3.6% |
| Deferred charges and accrued income | 490/1 | €2,623 | €1,660 | -€963 | -36.7% |
| Total equity and liabilities | 10/49 | €96,191 | €95,303 | -€888 | -0.9% |
| Equity | 10/15 | €89,563 | €56,675 | -€32,888 | -36.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,563 | €54,675 | -€32,888 | -37.6% |
| Amounts payable | 17/49 | €6,628 | €38,628 | +€32,000 | +482.8% |
| Amounts payable after more than one year | 17 | - | €34,425 | +€34,425 | |
| Financial debts | 170/4 | - | €34,425 | +€34,425 | |
| Amounts payable within one year | 42/48 | €6,628 | €4,203 | -€2,426 | -36.6% |
| Trade debts | 44 | €1,326 | €894 | -€432 | -32.6% |
| Suppliers | 440/4 | €1,326 | €894 | -€432 | -32.6% |
| Taxes, remuneration and social security | 45 | €2,501 | €3,309 | +€808 | +32.3% |
| Taxes | 450/3 | €2,501 | €3,309 | +€808 | +32.3% |
| Other amounts payable | 47/48 | €2,801 | - | -€2,801 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652 | €652 | +€0 | 0.0% |
| Other operating charges | 640/8 | €662 | €813 | +€151 | +22.9% |
| Gross operating margin | 9900 | €59,349 | €71,897 | +€12,548 | +21.1% |
| Operating profit (loss) | 9901 | €58,035 | €70,432 | +€12,397 | +21.4% |
| Financial income | 75/76B | €247 | €0 | -€246 | -100.0% |
| Recurring financial income | 75 | €247 | €0 | -€246 | -100.0% |
| Financial charges | 65/66B | €279 | €460 | +€181 | +64.9% |
| Recurring financial charges | 65 | €279 | €460 | +€181 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €58,003 | €69,972 | +€11,969 | +20.6% |
| Income taxes | 67/77 | €13,000 | €17,860 | +€4,860 | +37.4% |
| Profit (loss) for the period | 9904 | €45,003 | €52,112 | +€7,109 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,003 | €52,112 | +€7,109 | +15.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.