IMPAC - CONCEPTS: what changed
Two fiscal 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.
IMPAC - CONCEPTS
Largest movements
- Tangible fixed assets -€13,525
down €13,525 (-5.9%), from €230,656 to €217,132
of which Land and buildings: -€7,572
- Receivables within one year -€8,030
down €8,030 (-23.9%), from €33,539 to €25,509
- Trade debts -€17,447
down €17,447 (-9.6%), from €182,206 to €164,759
- Debts after one year -€10,386
down €10,386 (-9.9%), from €105,132 to €94,746
- Gross operating margin -€6,053
down €6,053 (-18.1%), from €33,510 to €27,458
- Taxes -€2,057
down €2,057 (-72.8%), from €2,825 to €769
- Financial income +€2,019
up €2,019 (+2068.0%), from €98 to €2,117
- Financial charges -€519
down €519 (-5.6%), from €9,245 to €8,727
- Other operating charges -€495
down €495 (-11.4%), from €4,354 to €3,859
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €666,771 | €645,327 | -€21,444 | -3.2% |
| Fixed assets | 21/28 | €238,425 | €224,900 | -€13,525 | -5.7% |
| Tangible fixed assets | 22/27 | €230,656 | €217,132 | -€13,525 | -5.9% |
| Land and buildings | 22 | €219,690 | €212,118 | -€7,572 | -3.4% |
| Plant, machinery and equipment | 23 | €10,966 | €5,014 | -€5,952 | -54.3% |
| Financial fixed assets | 28 | €7,769 | €7,769 | = | 0.0% |
| Current assets | 29/58 | €428,346 | €420,427 | -€7,920 | -1.8% |
| Stocks and contracts in progress | 3 | €391,562 | €393,000 | +€1,438 | +0.4% |
| Stocks | 30/36 | €391,562 | €393,000 | +€1,438 | +0.4% |
| Amounts receivable within one year | 40/41 | €33,539 | €25,509 | -€8,030 | -23.9% |
| Trade receivables | 40 | €33,539 | €25,509 | -€8,030 | -23.9% |
| Cash at bank and in hand | 54/58 | €1,723 | €395 | -€1,328 | -77.0% |
| Deferred charges and accrued income | 490/1 | €1,522 | €1,522 | = | 0.0% |
| Total equity and liabilities | 10/49 | €666,771 | €645,327 | -€21,444 | -3.2% |
| Equity | 10/15 | -€56,897 | -€54,202 | +€2,695 | +4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 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 | -€77,349 | -€74,654 | +€2,695 | +3.5% |
| Amounts payable | 17/49 | €723,668 | €699,528 | -€24,140 | -3.3% |
| Amounts payable after more than one year | 17 | €105,132 | €94,746 | -€10,386 | -9.9% |
| Financial debts | 170/4 | €105,132 | €94,746 | -€10,386 | -9.9% |
| Amounts payable within one year | 42/48 | €617,200 | €604,783 | -€12,417 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €10,795 | €10,386 | -€409 | -3.8% |
| Financial debts | 43 | €58,594 | €58,262 | -€332 | -0.6% |
| Credit institutions | 430/8 | €58,594 | €58,262 | -€332 | -0.6% |
| Trade debts | 44 | €182,206 | €164,759 | -€17,447 | -9.6% |
| Suppliers | 440/4 | €182,206 | €164,759 | -€17,447 | -9.6% |
| Taxes, remuneration and social security | 45 | €43,078 | €47,065 | +€3,987 | +9.3% |
| Taxes | 450/3 | €43,078 | €47,065 | +€3,987 | +9.3% |
| Other amounts payable | 47/48 | €322,527 | €324,311 | +€1,784 | +0.6% |
| Accrued charges and deferred income | 492/3 | €1,336 | - | -€1,336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,525 | €13,525 | = | 0.0% |
| Other operating charges | 640/8 | €4,354 | €3,859 | -€495 | -11.4% |
| Gross operating margin | 9900 | €33,510 | €27,458 | -€6,053 | -18.1% |
| Operating profit (loss) | 9901 | €15,632 | €10,074 | -€5,558 | -35.6% |
| Financial income | 75/76B | €98 | €2,117 | +€2,019 | +2068.0% |
| Recurring financial income | 75 | €98 | €2,117 | +€2,019 | +2068.0% |
| Financial charges | 65/66B | €9,245 | €8,727 | -€519 | -5.6% |
| Recurring financial charges | 65 | €9,245 | €8,727 | -€519 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €6,484 | €3,464 | -€3,020 | -46.6% |
| Income taxes | 67/77 | €2,825 | €769 | -€2,057 | -72.8% |
| Profit (loss) for the period | 9904 | €3,659 | €2,695 | -€964 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,659 | €2,695 | -€964 | -26.3% |
Source: filed annual accounts (NBB), fiscal years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.