AS IMPEC: 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.
AS IMPEC
Largest movements
- Tangible fixed assets +€30,700
up €30,700 (+276%), from €11,142 to €41,842
- Cash +€28,648
up €28,648 (+2,075%), from €1,380 to €30,029
mainly Net result for the year (+€20,937) and Receivables within one year (+€17,392)
- Receivables within one year -€17,392
down €17,392 (-9.2%), from €189,014 to €171,623
of which Other amounts receivable: -€12,393
- Profit (loss) carried forward +€20,937
up €20,937 (+17.6%), from €118,661 to €139,598
- Debts after one year +€15,533
new in 2025: €15,533
- Trade debts +€6,416
up €6,416 (+16.3%), from €39,303 to €45,719
- Current portion of long-term debt +€6,042
new in 2025: €6,042
- Other debts -€4,993
no longer reported in 2025 (was €4,993)
- Financial income +€25,547
up €25,547 (+6,409%), from €399 to €25,946
of which Non-recurring financial income: +€25,737
- Taxes +€13,891
new in 2025: €13,891
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 | €201,587 | €243,569 | +€41,982 | +20.8% |
| Fixed assets | 21/28 | €11,192 | €41,917 | +€30,725 | +275% |
| Tangible fixed assets | 22/27 | €11,142 | €41,842 | +€30,700 | +276% |
| Furniture and vehicles | 24 | €11,142 | €41,842 | +€30,700 | +276% |
| Financial fixed assets | 28 | €50 | €75 | +€25 | +50.0% |
| Current assets | 29/58 | €190,395 | €201,652 | +€11,257 | +5.9% |
| Amounts receivable within one year | 40/41 | €189,014 | €171,623 | -€17,392 | -9.2% |
| Trade receivables | 40 | €164,560 | €159,561 | -€4,999 | -3.0% |
| Other amounts receivable | 41 | €24,454 | €12,061 | -€12,393 | -50.7% |
| Cash at bank and in hand | 54/58 | €1,380 | €30,029 | +€28,648 | +2,075% |
| Total equity and liabilities | 10/49 | €201,587 | €243,569 | +€41,982 | +20.8% |
| Equity | 10/15 | €139,121 | €160,058 | +€20,937 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,661 | €139,598 | +€20,937 | +17.6% |
| Amounts payable | 17/49 | €62,466 | €83,511 | +€21,045 | +33.7% |
| Amounts payable after more than one year | 17 | - | €15,533 | +€15,533 | |
| Financial debts | 170/4 | - | €15,533 | +€15,533 | |
| Amounts payable within one year | 42/48 | €62,466 | €67,978 | +€5,512 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,042 | +€6,042 | |
| Trade debts | 44 | €39,303 | €45,719 | +€6,416 | +16.3% |
| Suppliers | 440/4 | €39,303 | €45,719 | +€6,416 | +16.3% |
| Taxes, remuneration and social security | 45 | €18,170 | €16,218 | -€1,953 | -10.7% |
| Taxes | 450/3 | €3,341 | €1,741 | -€1,600 | -47.9% |
| Remuneration and social security | 454/9 | €14,829 | €14,476 | -€353 | -2.4% |
| Other amounts payable | 47/48 | €4,993 | - | -€4,993 | |
| Turnover | 70 | €770,643 | €764,002 | -€6,641 | -0.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €721,196 | €717,460 | -€3,736 | -0.5% |
| Remuneration, social security and pensions | 62 | €25,797 | €20,343 | -€5,455 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,056 | €7,947 | +€6,890 | +652% |
| Other operating charges | 640/8 | €3,369 | €8,906 | +€5,538 | +164% |
| Non-recurring operating charges | 66A | - | €829 | +€829 | |
| Gross operating margin | 9900 | €49,447 | €47,765 | -€1,682 | -3.4% |
| Operating profit (loss) | 9901 | €19,225 | €9,740 | -€9,485 | -49.3% |
| Financial income | 75/76B | €399 | €25,946 | +€25,547 | +6,409% |
| Recurring financial income | 75 | €195 | €6 | -€189 | -96.9% |
| Non-recurring financial income | 76B | €203 | €25,940 | +€25,737 | +12,658% |
| Financial charges | 65/66B | €466 | €858 | +€392 | +84.1% |
| Recurring financial charges | 65 | €370 | €858 | +€488 | +132% |
| Non-recurring financial charges | 66B | €96 | - | -€96 | |
| Profit (loss) for the period before taxes | 9903 | €19,158 | €34,828 | +€15,671 | +81.8% |
| Income taxes | 67/77 | - | €13,891 | +€13,891 | |
| Profit (loss) for the period | 9904 | €19,158 | €20,937 | +€1,780 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,158 | €20,937 | +€1,780 | +9.3% |
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 27 October 2026 via checked.be.