THE IMAGINATION MACHINE: 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.
THE IMAGINATION MACHINE
Largest movements
- Receivables within one year +€26,522
up €26,522 (+321.4%), from €8,252 to €34,774
of which Trade receivables: +€26,275
- Cash -€3,754
down €3,754 (-53.1%), from €7,074 to €3,320
mainly Receivables within one year (-€26,522) and Trade debts (-€843)
- Deferred charges and accrued income +€492
new in 2025: €492
- Reserves +€13,516
up €13,516 (+241.0%), from €5,608 to €19,124
- Tax, wage and social debts +€11,040
up €11,040 (+332.5%), from €3,320 to €14,361
- Trade debts -€843
down €843 (-43.4%), from €1,945 to €1,102
- Accrued charges and deferred income -€453
down €453 (-100.0%), from €453 to €0
- Gross operating margin +€10,036
up €10,036 (+116.5%), from €8,612 to €18,649
- Taxes +€2,952
up €2,952 (+148.9%), from €1,982 to €4,934
- Depreciation -€1,000
down €1,000 (-100.0%), from €1,000 to €0
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 | €15,326 | €38,586 | +€23,260 | +151.8% |
| Current assets | 29/58 | €15,326 | €38,586 | +€23,260 | +151.8% |
| Amounts receivable within one year | 40/41 | €8,252 | €34,774 | +€26,522 | +321.4% |
| Trade receivables | 40 | €6,534 | €32,809 | +€26,275 | +402.1% |
| Other amounts receivable | 41 | €1,718 | €1,965 | +€247 | +14.4% |
| Cash at bank and in hand | 54/58 | €7,074 | €3,320 | -€3,754 | -53.1% |
| Deferred charges and accrued income | 490/1 | - | €492 | +€492 | |
| Total equity and liabilities | 10/49 | €15,326 | €38,586 | +€23,260 | +151.8% |
| Equity | 10/15 | €9,608 | €23,124 | +€13,516 | +140.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €5,608 | €19,124 | +€13,516 | +241.0% |
| Distributable reserves | 133 | €5,608 | €19,124 | +€13,516 | +241.0% |
| Amounts payable | 17/49 | €5,718 | €15,462 | +€9,744 | +170.4% |
| Amounts payable within one year | 42/48 | €5,265 | €15,462 | +€10,197 | +193.7% |
| Trade debts | 44 | €1,945 | €1,102 | -€843 | -43.4% |
| Suppliers | 440/4 | €1,945 | €1,102 | -€843 | -43.4% |
| Taxes, remuneration and social security | 45 | €3,320 | €14,361 | +€11,040 | +332.5% |
| Taxes | 450/3 | €3,320 | €14,361 | +€11,040 | +332.5% |
| Accrued charges and deferred income | 492/3 | €453 | €0 | -€453 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €0 | -€1,000 | -100.0% |
| Other operating charges | 640/8 | - | €46 | +€46 | |
| Gross operating margin | 9900 | €8,612 | €18,649 | +€10,036 | +116.5% |
| Operating profit (loss) | 9901 | €7,612 | €18,603 | +€10,990 | +144.4% |
| Financial income | 75/76B | €50 | €0 | -€50 | -100.0% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100.0% |
| Financial charges | 65/66B | €72 | €153 | +€80 | +111.4% |
| Recurring financial charges | 65 | €72 | €153 | +€80 | +111.4% |
| Profit (loss) for the period before taxes | 9903 | €7,590 | €18,450 | +€10,860 | +143.1% |
| Income taxes | 67/77 | €1,982 | €4,934 | +€2,952 | +148.9% |
| Profit (loss) for the period | 9904 | €5,608 | €13,516 | +€7,908 | +141.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,608 | €13,516 | +€7,908 | +141.0% |
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 12 October 2026 via checked.be.