IMPACT: 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.
IMPACT
Largest movements
- Current investments +€28,010
up €28,010 (+9.8%), from €284,369 to €312,379
- Tangible fixed assets -€12,019
down €12,019 (-27.8%), from €43,297 to €31,278
of which Furniture and vehicles: -€11,789
- Reserves +€16,535
up €16,535 (+2.0%), from €813,475 to €830,010
of which Distributable reserves: +€16,535
- Gross operating margin -€20,873
down €20,873 (-27.8%), from €75,149 to €54,276
- Financial income -€10,431
down €10,431 (-58.7%), from €17,768 to €7,337
- Taxes -€8,927
down €8,927 (-37.2%), from €23,983 to €15,055
- Financial charges -€2,573
down €2,573 (-56.8%), from €4,530 to €1,957
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 | €937,525 | €949,005 | +€11,479 | +1.2% |
| Fixed assets | 21/28 | €43,297 | €31,278 | -€12,019 | -27.8% |
| Tangible fixed assets | 22/27 | €43,297 | €31,278 | -€12,019 | -27.8% |
| Plant, machinery and equipment | 23 | €1,872 | €1,642 | -€230 | -12.3% |
| Furniture and vehicles | 24 | €41,425 | €29,636 | -€11,789 | -28.5% |
| Current assets | 29/58 | €894,228 | €917,727 | +€23,498 | +2.6% |
| Amounts receivable within one year | 40/41 | €15,181 | €9,198 | -€5,982 | -39.4% |
| Trade receivables | 40 | €14,946 | €9,198 | -€5,748 | -38.5% |
| Other amounts receivable | 41 | €235 | €0 | -€235 | -100% |
| Current investments | 50/53 | €284,369 | €312,379 | +€28,010 | +9.8% |
| Cash at bank and in hand | 54/58 | €594,090 | €596,150 | +€2,060 | +0.3% |
| Deferred charges and accrued income | 490/1 | €589 | €0 | -€589 | -100% |
| Total equity and liabilities | 10/49 | €937,525 | €949,005 | +€11,479 | +1.2% |
| Equity | 10/15 | €875,975 | €892,510 | +€16,535 | +1.9% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €813,475 | €830,010 | +€16,535 | +2.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,820 | €2,820 | = | 0.0% |
| Distributable reserves | 133 | €804,404 | €820,939 | +€16,535 | +2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,551 | €56,495 | -€5,056 | -8.2% |
| Amounts payable within one year | 42/48 | €59,566 | €56,495 | -€3,071 | -5.2% |
| Trade debts | 44 | €9,942 | €13,131 | +€3,189 | +32.1% |
| Suppliers | 440/4 | €9,942 | €13,131 | +€3,189 | +32.1% |
| Taxes, remuneration and social security | 45 | €17,565 | €18,218 | +€653 | +3.7% |
| Taxes | 450/3 | €17,565 | €18,218 | +€653 | +3.7% |
| Other amounts payable | 47/48 | €32,059 | €25,146 | -€6,913 | -21.6% |
| Accrued charges and deferred income | 492/3 | €1,984 | €0 | -€1,984 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,279 | €12,019 | -€260 | -2.1% |
| Other operating charges | 640/8 | €2,128 | €2,107 | -€21 | -1.0% |
| Gross operating margin | 9900 | €75,149 | €54,276 | -€20,873 | -27.8% |
| Operating profit (loss) | 9901 | €60,743 | €40,150 | -€20,592 | -33.9% |
| Financial income | 75/76B | €17,768 | €7,337 | -€10,431 | -58.7% |
| Recurring financial income | 75 | €17,768 | €7,337 | -€10,431 | -58.7% |
| Financial charges | 65/66B | €4,530 | €1,957 | -€2,573 | -56.8% |
| Recurring financial charges | 65 | €4,530 | €1,957 | -€2,573 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €73,980 | €45,530 | -€28,450 | -38.5% |
| Income taxes | 67/77 | €23,983 | €15,055 | -€8,927 | -37.2% |
| Profit (loss) for the period | 9904 | €49,998 | €30,475 | -€19,523 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,998 | €30,475 | -€19,523 | -39.0% |
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 20 October 2026 via checked.be.