IMPACT: 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.
IMPACT
Largest movements
- Tangible fixed assets -€20,772
down €20,772 (-4.5%), from €462,498 to €441,727
of which Land and buildings: -€18,641
- Cash +€6,012
up €6,012 (+46.7%), from €12,884 to €18,896
mainly Depreciation (+€23,622) and Net result for the year (+€5,198)
- Debts after one year -€21,099
down €21,099 (-8.3%), from €254,435 to €233,336
- Profit (loss) carried forward +€5,198
up €5,198 (+7.2%), from -€72,173 to -€66,975
- Turnover +€2,086
up €2,086 (+5.3%), from €39,525 to €41,611
- Gross operating margin +€2,082
up €2,082 (+6.4%), from €32,525 to €34,607
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 | €476,552 | €461,338 | -€15,215 | -3.2% |
| Formation expenses | 20 | €1,170 | €715 | -€455 | -38.9% |
| Fixed assets | 21/28 | €462,498 | €441,727 | -€20,772 | -4.5% |
| Tangible fixed assets | 22/27 | €462,498 | €441,727 | -€20,772 | -4.5% |
| Land and buildings | 22 | €448,927 | €430,287 | -€18,641 | -4.2% |
| Furniture and vehicles | 24 | €3,645 | €2,688 | -€957 | -26.3% |
| Other tangible fixed assets | 26 | €9,926 | €8,752 | -€1,174 | -11.8% |
| Current assets | 29/58 | €12,884 | €18,896 | +€6,012 | +46.7% |
| Cash at bank and in hand | 54/58 | €12,884 | €18,896 | +€6,012 | +46.7% |
| Total equity and liabilities | 10/49 | €476,552 | €461,338 | -€15,215 | -3.2% |
| Equity | 10/15 | €129,694 | €134,892 | +€5,198 | +4.0% |
| Contributions | 10/11 | €201,867 | €201,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,173 | -€66,975 | +€5,198 | +7.2% |
| Amounts payable | 17/49 | €346,858 | €326,446 | -€20,412 | -5.9% |
| Amounts payable after more than one year | 17 | €254,435 | €233,336 | -€21,099 | -8.3% |
| Financial debts | 170/4 | €254,435 | €233,336 | -€21,099 | -8.3% |
| Amounts payable within one year | 42/48 | €92,423 | €93,110 | +€687 | +0.7% |
| Trade debts | 44 | €269 | €81 | -€189 | -70.1% |
| Suppliers | 440/4 | €269 | €81 | -€189 | -70.1% |
| Advances received on contracts in progress | 46 | €590 | €1,160 | +€570 | +96.6% |
| Other amounts payable | 47/48 | €91,563 | €91,869 | +€306 | +0.3% |
| Turnover | 70 | €39,525 | €41,611 | +€2,086 | +5.3% |
| Non-recurring operating income | 76A | - | €606 | +€606 | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,000 | €7,004 | +€4 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,324 | €23,622 | +€297 | +1.3% |
| Other operating charges | 640/8 | €2,691 | €2,776 | +€85 | +3.1% |
| Gross operating margin | 9900 | €32,525 | €34,607 | +€2,082 | +6.4% |
| Operating profit (loss) | 9901 | €6,509 | €8,209 | +€1,700 | +26.1% |
| Financial charges | 65/66B | €3,260 | €3,011 | -€249 | -7.6% |
| Recurring financial charges | 65 | €3,260 | €3,011 | -€249 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €3,249 | €5,198 | +€1,949 | +60.0% |
| Profit (loss) for the period | 9904 | €3,249 | €5,198 | +€1,949 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,249 | €5,198 | +€1,949 | +60.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.