IMPACT CAPITAL: 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 CAPITAL
Largest movements
- Financial fixed assets -€1.8m
down €1.8m (-7.6%), from €23.3m to €21.5m
- Cash +€846,070
up €846,070 (+955%), from €88,618 to €934,688
mainly Investment in fixed assets (net) (+€1.8m) and Tax, wage and social debts (+€79,805)
- Receivables after one year +€461,330
up €461,330 (+59.5%), from €775,000 to €1.2m
- Profit (loss) carried forward -€494,987
down €494,987 (-12.8%), from €3.9m to €3.4m
- Financial charges -€1.6m
down €1.6m (-48.4%), from €3.2m to €1.7m
of which Non-recurring financial charges: -€1.6m
- Financial income +€334,132
up €334,132 (+26.9%), from €1.2m to €1.6m
of which Non-recurring financial income: +€347,168
- Taxes +€104,704
new in 2025: €104,704
- Gross operating margin -€12,225
down €12,225 (-4.3%), from -€285,952 to -€298,176
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 | €24,567,968 | €24,156,876 | -€411,092 | -1.7% |
| Fixed assets | 21/28 | €23,264,128 | €21,494,446 | -€1.8m | -7.6% |
| Financial fixed assets | 28 | €23,264,128 | €21,494,446 | -€1.8m | -7.6% |
| Current assets | 29/58 | €1,303,840 | €2,662,430 | +€1.4m | +104% |
| Amounts receivable after more than one year | 29 | €775,000 | €1,236,330 | +€461,330 | +59.5% |
| Other amounts receivable | 291 | €775,000 | €1,236,330 | +€461,330 | +59.5% |
| Amounts receivable within one year | 40/41 | €150,864 | €74,350 | -€76,514 | -50.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €150,864 | €74,350 | -€76,514 | -50.7% |
| Cash at bank and in hand | 54/58 | €88,618 | €934,688 | +€846,070 | +955% |
| Deferred charges and accrued income | 490/1 | €289,358 | €417,061 | +€127,703 | +44.1% |
| Total equity and liabilities | 10/49 | €24,567,968 | €24,156,876 | -€411,092 | -1.7% |
| Equity | 10/15 | €24,533,600 | €24,038,613 | -€494,987 | -2.0% |
| Contributions | 10/11 | €20,127,068 | €20,127,068 | = | 0.0% |
| Capital | 10 | €20,127,068 | €20,127,068 | = | 0.0% |
| Issued capital | 100 | €20,127,068 | €20,127,068 | = | 0.0% |
| Reserves | 13 | €547,225 | €547,225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €472,225 | €472,225 | = | 0.0% |
| Legal reserve | 130 | €472,225 | €472,225 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,859,307 | €3,364,320 | -€494,987 | -12.8% |
| Amounts payable | 17/49 | €34,368 | €118,262 | +€83,895 | +244% |
| Amounts payable within one year | 42/48 | €34,368 | €118,262 | +€83,895 | +244% |
| Trade debts | 44 | €32,395 | €31,921 | -€474 | -1.5% |
| Suppliers | 440/4 | €32,395 | €31,921 | -€474 | -1.5% |
| Taxes, remuneration and social security | 45 | - | €79,805 | +€79,805 | |
| Taxes | 450/3 | - | €79,805 | +€79,805 | |
| Other amounts payable | 47/48 | €1,973 | €6,536 | +€4,564 | +231% |
| Other operating charges | 640/8 | €3,748 | €4,793 | +€1,045 | +27.9% |
| Gross operating margin | 9900 | -€285,952 | -€298,176 | -€12,225 | -4.3% |
| Operating profit (loss) | 9901 | -€289,700 | -€302,969 | -€13,269 | -4.6% |
| Financial income | 75/76B | €1,243,641 | €1,577,773 | +€334,132 | +26.9% |
| Recurring financial income | 75 | €447,441 | €434,405 | -€13,036 | -2.9% |
| Non-recurring financial income | 76B | €796,200 | €1,143,368 | +€347,168 | +43.6% |
| Financial charges | 65/66B | €3,225,702 | €1,665,086 | -€1.6m | -48.4% |
| Recurring financial charges | 65 | €510 | €521 | +€11 | +2.1% |
| Non-recurring financial charges | 66B | €3,225,192 | €1,664,565 | -€1.6m | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,271,761 | -€390,283 | +€1.9m | +82.8% |
| Income taxes | 67/77 | - | €104,704 | +€104,704 | |
| Profit (loss) for the period | 9904 | -€2,271,761 | -€494,987 | +€1.8m | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,271,761 | -€494,987 | +€1.8m | +78.2% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.