Index: luatex.web
===================================================================
--- luatex.web	(revision 1809)
+++ luatex.web	(working copy)
@@ -30097,7 +30097,9 @@
 end
 
 @ @<Output a Image node in a vlist@>=
-begin cur_v:=cur_v+pdf_height(p)+pdf_depth(p);
+begin 
+  edge_v:=cur_v;
+  cur_v:=cur_v+pdf_height(p)+pdf_depth(p);
   case box_direction(dvi_direction) of
   dir_TL_: begin
     cur_h:=left_edge;
@@ -30114,6 +30116,7 @@
   othercases cur_h:=left_edge;
   endcases;
   output_image(pdf_ximage_idx(p));
+  cur_h:=left_edge; cur_v:=edge_v+pdf_height(p)+pdf_depth(p);
 end
 
 @ @<Output a Form node in a vlist@>=