IMMPOWER: 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.
IMMPOWER
Largest movements
- Current investments -€330,000
down €330,000 (-97.1%), from €340,000 to €10,000
- Cash +€185,498
up €185,498 (+105.4%), from €176,040 to €361,538
mainly Current investments (+€330,000) and Net result for the year (+€82,978)
- Tangible fixed assets +€97,941
up €97,941 (+59.9%), from €163,546 to €261,487
of which Land and buildings: +€107,360
- Receivables after one year -€55,713
down €55,713 (-100.0%), from €55,713 to €0
- Receivables within one year +€14,345
up €14,345 (+20.6%), from €69,651 to €83,996
of which Other amounts receivable: +€13,698
- Reserves -€86,082
down €86,082 (-11.4%), from €756,138 to €670,056
- Tax, wage and social debts -€14,498
down €14,498 (-59.6%), from €24,312 to €9,814
- Other debts +€11,743
up €11,743 (+94.1%), from €12,485 to €24,228
- Gross operating margin +€36,442
up €36,442 (+38.5%), from €94,648 to €131,090
- Financial income -€14,668
down €14,668 (-69.7%), from €21,044 to €6,376
- Taxes +€7,790
up €7,790 (+30.0%), from €25,986 to €33,776
- Depreciation -€4,304
down €4,304 (-19.1%), from €22,542 to €18,238
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 | €815,539 | €727,331 | -€88,209 | -10.8% |
| Fixed assets | 21/28 | €163,546 | €261,487 | +€97,941 | +59.9% |
| Tangible fixed assets | 22/27 | €163,546 | €261,487 | +€97,941 | +59.9% |
| Land and buildings | 22 | €148,900 | €256,260 | +€107,360 | +72.1% |
| Plant, machinery and equipment | 23 | €8,179 | €5,227 | -€2,952 | -36.1% |
| Furniture and vehicles | 24 | €6,467 | €0 | -€6,467 | -100.0% |
| Current assets | 29/58 | €651,993 | €465,844 | -€186,149 | -28.6% |
| Amounts receivable after more than one year | 29 | €55,713 | €0 | -€55,713 | -100.0% |
| Other amounts receivable | 291 | €55,713 | €0 | -€55,713 | -100.0% |
| Amounts receivable within one year | 40/41 | €69,651 | €83,996 | +€14,345 | +20.6% |
| Trade receivables | 40 | €26,436 | €27,083 | +€647 | +2.4% |
| Other amounts receivable | 41 | €43,214 | €56,912 | +€13,698 | +31.7% |
| Current investments | 50/53 | €340,000 | €10,000 | -€330,000 | -97.1% |
| Cash at bank and in hand | 54/58 | €176,040 | €361,538 | +€185,498 | +105.4% |
| Deferred charges and accrued income | 490/1 | €10,589 | €10,310 | -€279 | -2.6% |
| Total equity and liabilities | 10/49 | €815,539 | €727,331 | -€88,209 | -10.8% |
| Equity | 10/15 | €776,598 | €690,516 | -€86,082 | -11.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €756,138 | €670,056 | -€86,082 | -11.4% |
| Distributable reserves | 133 | €756,138 | €670,056 | -€86,082 | -11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,942 | €36,815 | -€2,127 | -5.5% |
| Amounts payable within one year | 42/48 | €38,942 | €36,815 | -€2,127 | -5.5% |
| Financial debts | 43 | - | €129 | +€129 | |
| Credit institutions | 430/8 | - | €129 | +€129 | |
| Trade debts | 44 | €2,145 | €2,645 | +€500 | +23.3% |
| Suppliers | 440/4 | €2,145 | €2,645 | +€500 | +23.3% |
| Taxes, remuneration and social security | 45 | €24,312 | €9,814 | -€14,498 | -59.6% |
| Taxes | 450/3 | €24,312 | €9,814 | -€14,498 | -59.6% |
| Other amounts payable | 47/48 | €12,485 | €24,228 | +€11,743 | +94.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,542 | €18,238 | -€4,304 | -19.1% |
| Other operating charges | 640/8 | €1,495 | €1,424 | -€72 | -4.8% |
| Gross operating margin | 9900 | €94,648 | €131,090 | +€36,442 | +38.5% |
| Operating profit (loss) | 9901 | €70,610 | €111,428 | +€40,818 | +57.8% |
| Financial income | 75/76B | €21,044 | €6,376 | -€14,668 | -69.7% |
| Recurring financial income | 75 | €21,044 | €6,376 | -€14,668 | -69.7% |
| Financial charges | 65/66B | €768 | €1,051 | +€283 | +36.9% |
| Recurring financial charges | 65 | €768 | €1,051 | +€283 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €90,886 | €116,754 | +€25,867 | +28.5% |
| Income taxes | 67/77 | €25,986 | €33,776 | +€7,790 | +30.0% |
| Profit (loss) for the period | 9904 | €64,900 | €82,978 | +€18,078 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,900 | €82,978 | +€18,078 | +27.9% |
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 10 October 2026 via checked.be.