REIMAGINE: 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.
REIMAGINE
Largest movements
- Receivables within one year +€94,652
up €94,652 (+30.3%), from €312,785 to €407,437
of which Trade receivables: +€134,764
- Deferred charges and accrued income +€47,015
up €47,015 (+212.8%), from €22,092 to €69,106
- Financial fixed assets +€22,851
up €22,851 (+193.0%), from €11,839 to €34,690
- Cash +€17,598
up €17,598 (+14.6%), from €120,617 to €138,215
mainly Trade debts (+€80,820) and Tax, wage and social debts (+€58,977)
- Trade debts +€80,820
up €80,820 (+79.6%), from €101,517 to €182,337
- Tax, wage and social debts +€58,977
up €58,977 (+49.0%), from €120,466 to €179,443
of which Remuneration and social security: +€45,474
- Current portion of long-term debt +€46,025
up €46,025 (+312.9%), from €14,709 to €60,733
- Short-term financial debts -€39,727
down €39,727 (-34.1%), from €116,430 to €76,703
- Debts after one year +€21,572
new in 2025: €21,572
- Staff costs +€358,419
up €358,419 (+24.0%), from €1.5m to €1.9m
- Gross operating margin +€346,509
up €346,509 (+21.8%), from €1.6m to €1.9m
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 | €514,890 | €699,871 | +€184,982 | +35.9% |
| Fixed assets | 21/28 | €36,658 | €62,375 | +€25,717 | +70.2% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €24,819 | €27,685 | +€2,866 | +11.5% |
| Plant, machinery and equipment | 23 | €2,268 | €6,259 | +€3,990 | +175.9% |
| Furniture and vehicles | 24 | €5,047 | €3,922 | -€1,124 | -22.3% |
| Assets under construction and advance payments | 27 | €17,504 | €17,504 | = | 0.0% |
| Financial fixed assets | 28 | €11,839 | €34,690 | +€22,851 | +193.0% |
| Current assets | 29/58 | €478,232 | €637,497 | +€159,265 | +33.3% |
| Amounts receivable within one year | 40/41 | €312,785 | €407,437 | +€94,652 | +30.3% |
| Trade receivables | 40 | €271,032 | €405,795 | +€134,764 | +49.7% |
| Other amounts receivable | 41 | €41,753 | €1,641 | -€40,112 | -96.1% |
| Current investments | 50/53 | €22,738 | €22,738 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €120,617 | €138,215 | +€17,598 | +14.6% |
| Deferred charges and accrued income | 490/1 | €22,092 | €69,106 | +€47,015 | +212.8% |
| Total equity and liabilities | 10/49 | €514,890 | €699,871 | +€184,982 | +35.9% |
| Equity | 10/15 | €161,769 | €178,798 | +€17,028 | +10.5% |
| Contributions | 10/11 | €208,000 | €208,000 | = | 0.0% |
| Reserves | 13 | €22,738 | €22,738 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,738 | €22,738 | = | 0.0% |
| Own shares acquired | 1312 | €22,738 | €22,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,969 | -€51,941 | +€17,028 | +24.7% |
| Amounts payable | 17/49 | €353,121 | €521,074 | +€167,953 | +47.6% |
| Amounts payable after more than one year | 17 | - | €21,572 | +€21,572 | |
| Financial debts | 170/4 | - | €21,572 | +€21,572 | |
| Amounts payable within one year | 42/48 | €353,121 | €499,502 | +€146,381 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €14,709 | €60,733 | +€46,025 | +312.9% |
| Financial debts | 43 | €116,430 | €76,703 | -€39,727 | -34.1% |
| Credit institutions | 430/8 | €116,430 | €76,703 | -€39,727 | -34.1% |
| Trade debts | 44 | €101,517 | €182,337 | +€80,820 | +79.6% |
| Suppliers | 440/4 | €101,517 | €182,337 | +€80,820 | +79.6% |
| Taxes, remuneration and social security | 45 | €120,466 | €179,443 | +€58,977 | +49.0% |
| Taxes | 450/3 | €57,289 | €70,792 | +€13,504 | +23.6% |
| Remuneration and social security | 454/9 | €63,177 | €108,651 | +€45,474 | +72.0% |
| Other amounts payable | 47/48 | - | €286 | +€286 | |
| Remuneration, social security and pensions | 62 | €1,493,519 | €1,851,938 | +€358,419 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,840 | €4,004 | -€15,836 | -79.8% |
| Other operating charges | 640/8 | - | €123 | +€123 | |
| Gross operating margin | 9900 | €1,588,333 | €1,934,841 | +€346,509 | +21.8% |
| Operating profit (loss) | 9901 | €74,974 | €78,777 | +€3,803 | +5.1% |
| Financial income | 75/76B | €311 | - | -€311 | |
| Recurring financial income | 75 | €311 | - | -€311 | |
| Financial charges | 65/66B | €22,497 | €30,174 | +€7,677 | +34.1% |
| Recurring financial charges | 65 | €22,497 | €30,174 | +€7,677 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €52,788 | €48,603 | -€4,184 | -7.9% |
| Income taxes | 67/77 | €28,359 | €31,575 | +€3,216 | +11.3% |
| Profit (loss) for the period | 9904 | €24,429 | €17,028 | -€7,401 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,429 | €17,028 | -€7,401 | -30.3% |
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.