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
- Receivables within one year +€111,385
up €111,385 (+15.1%), from €739,741 to €851,127
of which Trade receivables: +€60,704
- Cash -€38,483
down €38,483 (-59.6%), from €64,533 to €26,050
mainly Receivables within one year (-€111,385) and Current portion of long-term debt (-€104,345)
- Profit (loss) carried forward +€219,782
up €219,782 (+28.5%), from €771,847 to €991,629
- Current portion of long-term debt -€104,345
down €104,345 (-44.6%), from €233,809 to €129,465
- Debts after one year -€90,773
down €90,773 (-19.2%), from €473,175 to €382,403
- Other debts +€25,378
up €25,378 (+4.5%), from €557,910 to €583,287
- Financial income -€241,482
down €241,482 (-70.7%), from €341,730 to €100,249
- Financial charges -€14,710
down €14,710 (-32.7%), from €44,990 to €30,280
- Gross operating margin -€11,554
down €11,554 (-3.4%), from €335,615 to €324,061
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 | €2,246,733 | €2,318,237 | +€71,504 | +3.2% |
| Fixed assets | 21/28 | €1,441,000 | €1,441,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,441,000 | €1,441,000 | = | 0.0% |
| Current assets | 29/58 | €805,733 | €877,237 | +€71,504 | +8.9% |
| Amounts receivable within one year | 40/41 | €739,741 | €851,127 | +€111,385 | +15.1% |
| Trade receivables | 40 | €141,855 | €202,559 | +€60,704 | +42.8% |
| Other amounts receivable | 41 | €597,887 | €648,568 | +€50,681 | +8.5% |
| Cash at bank and in hand | 54/58 | €64,533 | €26,050 | -€38,483 | -59.6% |
| Deferred charges and accrued income | 490/1 | €1,459 | €60 | -€1,399 | -95.9% |
| Total equity and liabilities | 10/49 | €2,246,733 | €2,318,237 | +€71,504 | +3.2% |
| Equity | 10/15 | €903,707 | €1,123,489 | +€219,782 | +24.3% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 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 | €771,847 | €991,629 | +€219,782 | +28.5% |
| Amounts payable | 17/49 | €1,343,026 | €1,194,748 | -€148,279 | -11.0% |
| Amounts payable after more than one year | 17 | €473,175 | €382,403 | -€90,773 | -19.2% |
| Financial debts | 170/4 | €473,175 | €382,403 | -€90,773 | -19.2% |
| Amounts payable within one year | 42/48 | €869,851 | €812,345 | -€57,506 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €233,809 | €129,465 | -€104,345 | -44.6% |
| Trade debts | 44 | €76,307 | €96,383 | +€20,075 | +26.3% |
| Suppliers | 440/4 | €76,307 | €96,383 | +€20,075 | +26.3% |
| Taxes, remuneration and social security | 45 | €1,825 | €3,210 | +€1,386 | +75.9% |
| Taxes | 450/3 | €1,825 | €3,210 | +€1,386 | +75.9% |
| Other amounts payable | 47/48 | €557,910 | €583,287 | +€25,378 | +4.5% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €335,615 | €324,061 | -€11,554 | -3.4% |
| Operating profit (loss) | 9901 | €334,648 | €323,063 | -€11,585 | -3.5% |
| Financial income | 75/76B | €341,730 | €100,249 | -€241,482 | -70.7% |
| Recurring financial income | 75 | €341,730 | €100,249 | -€241,482 | -70.7% |
| Financial charges | 65/66B | €44,990 | €30,280 | -€14,710 | -32.7% |
| Recurring financial charges | 65 | €44,990 | €30,280 | -€14,710 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €631,389 | €393,031 | -€238,357 | -37.8% |
| Income taxes | 67/77 | €72,488 | €73,249 | +€761 | +1.1% |
| Profit (loss) for the period | 9904 | €558,901 | €319,782 | -€239,118 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €558,901 | €319,782 | -€239,118 | -42.8% |
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.