IMMAGINE: 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.
IMMAGINE
Largest movements
- Receivables within one year -€40,228
down €40,228 (-14.7%), from €273,857 to €233,629
of which Other amounts receivable: -€40,320
- Tangible fixed assets -€11,962
down €11,962 (-3.4%), from €352,739 to €340,777
- Debts after one year -€22,352
down €22,352 (-13.1%), from €170,790 to €148,438
- Profit (loss) carried forward -€16,903
down €16,903 (-17.2%), from €98,496 to €81,593
- Other debts -€11,891
down €11,891 (-7.9%), from €150,112 to €138,222
- Gross operating margin -€8,619
down €8,619 (-56.2%), from €15,336 to €6,716
- Financial charges -€1,977
down €1,977 (-13.5%), from €14,622 to €12,645
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 | €684,828 | €628,328 | -€56,499 | -8.3% |
| Fixed assets | 21/28 | €352,739 | €340,777 | -€11,962 | -3.4% |
| Tangible fixed assets | 22/27 | €352,739 | €340,777 | -€11,962 | -3.4% |
| Land and buildings | 22 | €352,739 | €340,777 | -€11,962 | -3.4% |
| Current assets | 29/58 | €332,089 | €287,551 | -€44,537 | -13.4% |
| Amounts receivable within one year | 40/41 | €273,857 | €233,629 | -€40,228 | -14.7% |
| Trade receivables | 40 | €52 | €144 | +€92 | +178.0% |
| Other amounts receivable | 41 | €273,805 | €233,486 | -€40,320 | -14.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €58,231 | €53,922 | -€4,309 | -7.4% |
| Total equity and liabilities | 10/49 | €684,828 | €628,328 | -€56,499 | -8.3% |
| Equity | 10/15 | €316,480 | €298,129 | -€18,351 | -5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €199,392 | €197,944 | -€1,448 | -0.7% |
| Tax-exempt reserves | 132 | €39,839 | €38,391 | -€1,448 | -3.6% |
| Distributable reserves | 133 | €159,553 | €159,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,496 | €81,593 | -€16,903 | -17.2% |
| Provisions and deferred taxes | 16 | €18,887 | €18,142 | -€746 | -3.9% |
| Deferred taxes | 168 | €18,887 | €18,142 | -€746 | -3.9% |
| Amounts payable | 17/49 | €349,460 | €312,058 | -€37,403 | -10.7% |
| Amounts payable after more than one year | 17 | €170,790 | €148,438 | -€22,352 | -13.1% |
| Financial debts | 170/4 | €170,790 | €148,438 | -€22,352 | -13.1% |
| Amounts payable within one year | 42/48 | €177,200 | €163,620 | -€13,580 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €22,066 | €22,352 | +€286 | +1.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,021 | €3,047 | -€1,975 | -39.3% |
| Taxes | 450/3 | €5,021 | €3,047 | -€1,975 | -39.3% |
| Other amounts payable | 47/48 | €150,112 | €138,222 | -€11,891 | -7.9% |
| Accrued charges and deferred income | 492/3 | €1,471 | €0 | -€1,471 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,876 | €11,962 | +€86 | +0.7% |
| Other operating charges | 640/8 | €1,666 | €1,718 | +€52 | +3.1% |
| Gross operating margin | 9900 | €15,336 | €6,716 | -€8,619 | -56.2% |
| Operating profit (loss) | 9901 | €1,793 | -€6,964 | -€8,758 | |
| Financial income | 75/76B | €589 | €513 | -€77 | -13.0% |
| Recurring financial income | 75 | €589 | €513 | -€77 | -13.0% |
| Financial charges | 65/66B | €14,622 | €12,645 | -€1,977 | -13.5% |
| Recurring financial charges | 65 | €14,622 | €12,645 | -€1,977 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,239 | -€19,097 | -€6,857 | -56.0% |
| Transfer from deferred taxes | 780 | €746 | €746 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,494 | -€18,351 | -€6,857 | -59.7% |
| Transfer from tax-exempt reserves | 789 | €1,448 | €1,448 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,046 | -€16,903 | -€6,857 | -68.3% |
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 6 October 2026 via checked.be.