IMMPACT VASTGOED: 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.
What changed
IMMPACT VASTGOED
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€86,467
2024 · €180,551-€94,084
Equity
€16.0m
2024 · €15.9m+€86,467
Cash
€53,667
2024 · €2,737+€50,930
Balance sheet total
€32.9m
2024 · €30.8m+€2.0m
Largest movements
Assets
- Financial fixed assets +€2.0m
up €2.0m (+9.4%), from €21.6m to €23.6m
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+17.2%), from €7.1m to €8.3m
- Short-term financial debts +€965,521
up €965,521 (+14.1%), from €6.9m to €7.8m
Income statement
- Financial income -€278,683
down €278,683 (-35.9%), from €775,834 to €497,151
- Taxes -€173,746
down €173,746, from €67,629 to -€106,117
- Provisions -€116,769
down €116,769 (-1,374%), from -€8,499 to -€125,268
- Gross operating margin -€52,798
down €52,798 (-38.5%), from €137,215 to €84,416
- Financial charges +€29,414
up €29,414 (+4.7%), from €620,422 to €649,836
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.
Result 2024
€180,551
Gross operating margin
-€52,798
Write-downs
-€2,651
Provisions
+€116,769
Other operating charges
-€5,117
Other operating items
-€15,936
Financial income
-€278,683
Financial charges
-€29,414
Taxes
+€173,746
Result 2025
€86,467
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€106,100
Investment
-€2.0m
Financing
+€2.2m
Cash 2024
€2,737
From operations (derived)
-€106,100
Net result for the year
+€86,467
Stocks and contracts
-€114,208
Receivables within one year
+€211,968
Deferred charges and accrued income
-€64,349
Provisions
-€125,268
Trade debts
-€33,571
Tax, wage and social debts
-€58,555
Other debts
-€145,000
Accrued charges and deferred income
+€136,417
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€2.2m
Debts after one year
+€1.2m
Short-term financial debts
+€965,521
Cash 2025
€53,667
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,820,116 | €32,863,458 | +€2.0m | +6.6% |
| Fixed assets | 21/28 | €21,564,063 | €23,589,886 | +€2.0m | +9.4% |
| Tangible fixed assets | 22/27 | €13,420 | €13,420 | = | 0.0% |
| Other tangible fixed assets | 26 | €13,420 | €13,420 | = | 0.0% |
| Financial fixed assets | 28 | €21,550,643 | €23,576,466 | +€2.0m | +9.4% |
| Current assets | 29/58 | €9,256,053 | €9,273,572 | +€17,519 | +0.2% |
| Stocks and contracts in progress | 3 | €8,879,732 | €8,993,940 | +€114,208 | +1.3% |
| Stocks | 30/36 | €8,879,732 | €8,993,940 | +€114,208 | +1.3% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €318,104 | €106,136 | -€211,968 | -66.6% |
| Trade receivables | 40 | €2,168 | €19 | -€2,149 | -99.1% |
| Other amounts receivable | 41 | €315,936 | €106,117 | -€209,819 | -66.4% |
| Cash at bank and in hand | 54/58 | €2,737 | €53,667 | +€50,930 | +1,861% |
| Deferred charges and accrued income | 490/1 | €55,480 | €119,830 | +€64,349 | +116% |
| Total equity and liabilities | 10/49 | €30,820,116 | €32,863,458 | +€2.0m | +6.6% |
| Equity | 10/15 | €15,880,624 | €15,967,091 | +€86,467 | +0.5% |
| Contributions | 10/11 | €4,966,285 | €4,966,285 | = | 0.0% |
| Capital | 10 | €4,966,285 | €4,966,285 | = | 0.0% |
| Issued capital | 100 | €4,966,285 | €4,966,285 | = | 0.0% |
| Reserves | 13 | €10,914,339 | €11,000,806 | +€86,467 | +0.8% |
| Non-distributable reserves | 130/1 | €496,629 | €496,629 | = | 0.0% |
| Legal reserve | 130 | €496,629 | €496,629 | = | 0.0% |
| Distributable reserves | 133 | €10,417,710 | €10,504,177 | +€86,467 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €135,269 | €10,001 | -€125,268 | -92.6% |
| Provisions for liabilities and charges | 160/5 | €135,269 | €10,001 | -€125,268 | -92.6% |
| Other liabilities and charges | 164/5 | €135,269 | €10,001 | -€125,268 | -92.6% |
| Amounts payable | 17/49 | €14,804,223 | €16,886,367 | +€2.1m | +14.1% |
| Amounts payable after more than one year | 17 | €7,060,781 | €8,278,112 | +€1.2m | +17.2% |
| Financial debts | 170/4 | €7,060,781 | €8,278,112 | +€1.2m | +17.2% |
| Amounts payable within one year | 42/48 | €7,523,085 | €8,251,480 | +€728,395 | +9.7% |
| Financial debts | 43 | €6,855,479 | €7,821,000 | +€965,521 | +14.1% |
| Credit institutions | 430/8 | €6,855,479 | €7,821,000 | +€965,521 | +14.1% |
| Trade debts | 44 | €379,978 | €346,406 | -€33,571 | -8.8% |
| Suppliers | 440/4 | €379,978 | €346,406 | -€33,571 | -8.8% |
| Advances received on contracts in progress | 46 | €75,000 | €75,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €67,629 | €9,074 | -€58,555 | -86.6% |
| Taxes | 450/3 | €67,629 | €9,074 | -€58,555 | -86.6% |
| Other amounts payable | 47/48 | €145,000 | €0 | -€145,000 | -100% |
| Accrued charges and deferred income | 492/3 | €220,357 | €356,775 | +€136,417 | +61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,651 | €0 | +€2,651 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,499 | -€125,268 | -€116,769 | -1,374% |
| Other operating charges | 640/8 | €55,597 | €60,713 | +€5,117 | +9.2% |
| Non-recurring operating charges | 66A | - | €15,936 | +€15,936 | |
| Gross operating margin | 9900 | €137,215 | €84,416 | -€52,798 | -38.5% |
| Operating profit (loss) | 9901 | €92,768 | €133,035 | +€40,267 | +43.4% |
| Financial income | 75/76B | €775,834 | €497,151 | -€278,683 | -35.9% |
| Recurring financial income | 75 | €775,834 | €497,151 | -€278,683 | -35.9% |
| Financial charges | 65/66B | €620,422 | €649,836 | +€29,414 | +4.7% |
| Recurring financial charges | 65 | €620,422 | €649,836 | +€29,414 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €248,180 | -€19,651 | -€267,830 | |
| Income taxes | 67/77 | €67,629 | -€106,117 | -€173,746 | |
| Profit (loss) for the period | 9904 | €180,551 | €86,467 | -€94,084 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €180,551 | €86,467 | -€94,084 | -52.1% |
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 29 October 2026 via checked.be.