Is it possible to show an image depending on which checkbox is ticked?

I've got a couple of custom fields set up in CustomPress which go to a custom post type.

I was wondering if it's possible to show an image for each box that is ticked, like a logo or icon?

The idea is for the users to have a list of shops in their backend listing and for them to tick all the ones they buy from, then on the front end the shop logo or icon is displayed rather than the name.

Any ideas?

Many thanks