TEXT'IMAG ((TEXT ' IMAG)): what changed
Two financial 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.
TEXT'IMAG ((TEXT ' IMAG))
Largest movements
- Cash -€29,204
down €29,204 (-61.5%), from €47,470 to €18,265
mainly Other debts (-€100,000) and Investment in fixed assets (net) (-€24,191)
- Receivables within one year -€24,002
down €24,002 (-25.8%), from €93,201 to €69,200
of which Trade receivables: -€22,311
- Tangible fixed assets +€14,073
up €14,073 (+252%), from €5,579 to €19,652
of which Furniture and vehicles: +€14,719
- Stocks and contracts -€11,206
no longer reported in 2025 (was €11,206)
- Current investments +€5,019
new in 2025: €5,019
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Reserves +€27,273
up €27,273 (+118%), from €23,119 to €50,392
- Profit (loss) carried forward +€24,535
up €24,535 (+7,390%), from €332 to €24,867
- Tax, wage and social debts +€7,227
up €7,227 (+94.9%), from €7,616 to €14,843
of which Taxes: +€8,727
- Trade debts -€4,297
down €4,297 (-54.0%), from €7,958 to €3,661
- Depreciation +€3,936
up €3,936 (+63.7%), from €6,183 to €10,119
- Taxes +€3,164
up €3,164 (+16.2%), from €19,579 to €22,743
- Gross operating margin -€2,293
down €2,293 (-2.6%), from €89,364 to €87,071
- Write-downs +€2,063
new in 2025: €2,063
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.
Derived cash bridge
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 | €158,194 | €112,473 | -€45,721 | -28.9% |
| Fixed assets | 21/28 | €5,618 | €19,691 | +€14,073 | +250% |
| Tangible fixed assets | 22/27 | €5,579 | €19,652 | +€14,073 | +252% |
| Land and buildings | 22 | €826 | €180 | -€646 | -78.2% |
| Furniture and vehicles | 24 | €4,754 | €19,472 | +€14,719 | +310% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €152,576 | €92,782 | -€59,794 | -39.2% |
| Stocks and contracts in progress | 3 | €11,206 | - | -€11,206 | |
| Stocks | 30/36 | €11,206 | - | -€11,206 | |
| Amounts receivable within one year | 40/41 | €93,201 | €69,200 | -€24,002 | -25.8% |
| Trade receivables | 40 | €70,958 | €48,647 | -€22,311 | -31.4% |
| Other amounts receivable | 41 | €22,243 | €20,553 | -€1,691 | -7.6% |
| Current investments | 50/53 | - | €5,019 | +€5,019 | |
| Cash at bank and in hand | 54/58 | €47,470 | €18,265 | -€29,204 | -61.5% |
| Deferred charges and accrued income | 490/1 | €699 | €298 | -€401 | -57.4% |
| Total equity and liabilities | 10/49 | €158,194 | €112,473 | -€45,721 | -28.9% |
| Equity | 10/15 | €42,051 | €93,858 | +€51,807 | +123% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,119 | €50,392 | +€27,273 | +118% |
| Distributable reserves | 133 | €23,119 | €50,392 | +€27,273 | +118% |
| Profit (loss) carried forward | 14 | €332 | €24,867 | +€24,535 | +7,390% |
| Amounts payable | 17/49 | €116,143 | €18,615 | -€97,529 | -84.0% |
| Amounts payable within one year | 42/48 | €116,143 | €18,615 | -€97,529 | -84.0% |
| Financial debts | 43 | - | €111 | +€111 | |
| Credit institutions | 430/8 | - | €111 | +€111 | |
| Trade debts | 44 | €7,958 | €3,661 | -€4,297 | -54.0% |
| Suppliers | 440/4 | €7,958 | €3,661 | -€4,297 | -54.0% |
| Advances received on contracts in progress | 46 | €570 | - | -€570 | |
| Taxes, remuneration and social security | 45 | €7,616 | €14,843 | +€7,227 | +94.9% |
| Taxes | 450/3 | €6,116 | €14,843 | +€8,727 | +143% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,183 | €10,119 | +€3,936 | +63.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,063 | +€2,063 | |
| Other operating charges | 640/8 | €1,181 | €1,716 | +€535 | +45.3% |
| Non-recurring operating charges | 66A | €9,903 | - | -€9,903 | |
| Gross operating margin | 9900 | €89,364 | €87,071 | -€2,293 | -2.6% |
| Operating profit (loss) | 9901 | €72,098 | €73,173 | +€1,075 | +1.5% |
| Financial income | 75/76B | €1,135 | €1,875 | +€740 | +65.2% |
| Recurring financial income | 75 | €1,135 | €1,875 | +€740 | +65.2% |
| Financial charges | 65/66B | €173 | €497 | +€325 | +188% |
| Recurring financial charges | 65 | €173 | €497 | +€325 | +188% |
| Profit (loss) for the period before taxes | 9903 | €73,060 | €74,550 | +€1,490 | +2.0% |
| Income taxes | 67/77 | €19,579 | €22,743 | +€3,164 | +16.2% |
| Profit (loss) for the period | 9904 | €53,481 | €51,807 | -€1,674 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,481 | €51,807 | -€1,674 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.