Immprove: 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.
Immprove
Largest movements
- Tangible fixed assets -€291,185
down €291,185 (-18.9%), from €1.5m to €1.2m
of which Land and buildings: -€277,468
- Receivables after one year +€75,702
up €75,702 (+42.2%), from €179,298 to €255,000
- Cash +€61,286
up €61,286 (+145.7%), from €42,075 to €103,361
mainly Investment in fixed assets (net) (+€209,658) and Net result for the year (+€135,681)
- Receivables within one year -€28,408
down €28,408 (-28.1%), from €101,080 to €72,673
of which Trade receivables: -€63,814
- Debts after one year -€282,966
down €282,966 (-25.5%), from €1.1m to €828,730
- Reserves +€84,365
up €84,365 (+26.5%), from €318,407 to €402,772
- Short-term financial debts +€74,657
up €74,657 (+73.6%), from €101,434 to €176,091
- Other debts -€65,694
down €65,694 (-22.1%), from €297,779 to €232,085
- Tax, wage and social debts +€20,741
up €20,741 (+397.2%), from €5,221 to €25,963
- Gross operating margin +€127,995
up €127,995 (+101.1%), from €126,581 to €254,575
- Taxes +€47,303
up €47,303 (+6779.6%), from €698 to €48,001
- Financial income +€46,185
up €46,185 (+323.8%), from €14,262 to €60,447
- Financial charges -€13,250
down €13,250 (-29.3%), from €45,161 to €31,911
- Other operating charges -€4,152
down €4,152 (-39.3%), from €10,561 to €6,409
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 | €1,946,378 | €1,771,159 | -€175,219 | -9.0% |
| Fixed assets | 21/28 | €1,555,633 | €1,252,954 | -€302,679 | -19.5% |
| Intangible fixed assets | 21 | €11,494 | €0 | -€11,494 | -100.0% |
| Tangible fixed assets | 22/27 | €1,538,563 | €1,247,379 | -€291,185 | -18.9% |
| Land and buildings | 22 | €1,398,483 | €1,121,016 | -€277,468 | -19.8% |
| Plant, machinery and equipment | 23 | €14,125 | €10,923 | -€3,203 | -22.7% |
| Furniture and vehicles | 24 | €53,434 | €42,920 | -€10,515 | -19.7% |
| Other tangible fixed assets | 26 | €72,521 | €72,521 | = | 0.0% |
| Financial fixed assets | 28 | €5,575 | €5,575 | = | 0.0% |
| Current assets | 29/58 | €390,745 | €518,205 | +€127,460 | +32.6% |
| Amounts receivable after more than one year | 29 | €179,298 | €255,000 | +€75,702 | +42.2% |
| Other amounts receivable | 291 | €179,298 | €255,000 | +€75,702 | +42.2% |
| Amounts receivable within one year | 40/41 | €101,080 | €72,673 | -€28,408 | -28.1% |
| Trade receivables | 40 | €64,189 | €375 | -€63,814 | -99.4% |
| Other amounts receivable | 41 | €36,891 | €72,298 | +€35,407 | +96.0% |
| Current investments | 50/53 | €59,984 | €78,484 | +€18,500 | +30.8% |
| Cash at bank and in hand | 54/58 | €42,075 | €103,361 | +€61,286 | +145.7% |
| Deferred charges and accrued income | 490/1 | €8,307 | €8,688 | +€380 | +4.6% |
| Total equity and liabilities | 10/49 | €1,946,378 | €1,771,159 | -€175,219 | -9.0% |
| Equity | 10/15 | €337,007 | €421,372 | +€84,365 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,407 | €402,772 | +€84,365 | +26.5% |
| Distributable reserves | 133 | €318,407 | €402,772 | +€84,365 | +26.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,609,370 | €1,349,787 | -€259,583 | -16.1% |
| Amounts payable after more than one year | 17 | €1,111,696 | €828,730 | -€282,966 | -25.5% |
| Financial debts | 170/4 | €1,111,696 | €828,730 | -€282,966 | -25.5% |
| Amounts payable within one year | 42/48 | €497,674 | €521,057 | +€23,383 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €70,431 | €52,411 | -€18,020 | -25.6% |
| Financial debts | 43 | €101,434 | €176,091 | +€74,657 | +73.6% |
| Credit institutions | 430/8 | €101,434 | €176,091 | +€74,657 | +73.6% |
| Trade debts | 44 | €22,808 | €34,508 | +€11,700 | +51.3% |
| Suppliers | 440/4 | €22,808 | €34,508 | +€11,700 | +51.3% |
| Taxes, remuneration and social security | 45 | €5,221 | €25,963 | +€20,741 | +397.2% |
| Taxes | 450/3 | €5,221 | €25,963 | +€20,741 | +397.2% |
| Other amounts payable | 47/48 | €297,779 | €232,085 | -€65,694 | -22.1% |
| Non-recurring operating income | 76A | €144,178 | €223,864 | +€79,687 | +55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,418 | €93,021 | -€2,398 | -2.5% |
| Other operating charges | 640/8 | €10,561 | €6,409 | -€4,152 | -39.3% |
| Non-recurring operating charges | 66A | €16,085 | €0 | -€16,085 | -100.0% |
| Gross operating margin | 9900 | €126,581 | €254,575 | +€127,995 | +101.1% |
| Operating profit (loss) | 9901 | €4,516 | €155,146 | +€150,629 | +3335.1% |
| Financial income | 75/76B | €14,262 | €60,447 | +€46,185 | +323.8% |
| Recurring financial income | 75 | €14,262 | €60,447 | +€46,185 | +323.8% |
| Financial charges | 65/66B | €45,161 | €31,911 | -€13,250 | -29.3% |
| Recurring financial charges | 65 | €45,161 | €31,911 | -€13,250 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,382 | €183,682 | +€210,064 | |
| Income taxes | 67/77 | €698 | €48,001 | +€47,303 | +6779.6% |
| Profit (loss) for the period | 9904 | -€27,080 | €135,681 | +€162,761 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,080 | €135,681 | +€162,761 |
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 12 October 2026 via checked.be.