IMPACT-M: 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-M
Largest movements
- Intangible fixed assets -€4,415
down €4,415 (-23.2%), from €19,051 to €14,636
- Deferred charges and accrued income +€3,033
new in 2025: €3,033
- Cash +€2,212
up €2,212 (+25.7%), from €8,594 to €10,805
mainly Depreciation (+€5,226) and Net result for the year (+€1,549)
- Receivables within one year -€1,119
down €1,119 (-12.4%), from €9,030 to €7,911
of which Trade receivables: -€1,115
- Tangible fixed assets -€811
down €811 (-42.4%), from €1,914 to €1,103
- Debts after one year -€2,167
down €2,167 (-11.7%), from €18,539 to €16,372
- Reserves +€1,549
up €1,549 (+112%), from €1,382 to €2,931
- Trade debts -€1,249
down €1,249 (-58.3%), from €2,141 to €892
- Accrued charges and deferred income +€1,020
up €1,020 (+31.8%), from €3,205 to €4,225
- Tax, wage and social debts -€672
down €672 (-9.4%), from €7,145 to €6,473
of which Remuneration and social security: -€581
- Gross operating margin +€6,758
up €6,758 (+37.7%), from €17,918 to €24,676
- Staff costs +€3,642
up €3,642 (+32.1%), from €11,353 to €14,996
- Depreciation +€1,683
up €1,683 (+47.5%), from €3,544 to €5,226
- Financial charges +€814
up €814 (+79.7%), from €1,022 to €1,837
- Taxes +€327
up €327 (+54.2%), from €604 to €932
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 | €38,589 | €37,488 | -€1,100 | -2.9% |
| Fixed assets | 21/28 | €20,965 | €15,739 | -€5,226 | -24.9% |
| Intangible fixed assets | 21 | €19,051 | €14,636 | -€4,415 | -23.2% |
| Tangible fixed assets | 22/27 | €1,914 | €1,103 | -€811 | -42.4% |
| Furniture and vehicles | 24 | €1,914 | €1,103 | -€811 | -42.4% |
| Current assets | 29/58 | €17,623 | €21,749 | +€4,126 | +23.4% |
| Amounts receivable within one year | 40/41 | €9,030 | €7,911 | -€1,119 | -12.4% |
| Trade receivables | 40 | €9,026 | €7,911 | -€1,115 | -12.4% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €8,594 | €10,805 | +€2,212 | +25.7% |
| Deferred charges and accrued income | 490/1 | - | €3,033 | +€3,033 | |
| Total equity and liabilities | 10/49 | €38,589 | €37,488 | -€1,100 | -2.9% |
| Equity | 10/15 | €1,882 | €3,431 | +€1,549 | +82.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €1,382 | €2,931 | +€1,549 | +112% |
| Distributable reserves | 133 | €1,382 | €2,931 | +€1,549 | +112% |
| Amounts payable | 17/49 | €36,707 | €34,057 | -€2,650 | -7.2% |
| Amounts payable after more than one year | 17 | €18,539 | €16,372 | -€2,167 | -11.7% |
| Financial debts | 170/4 | €18,539 | €16,372 | -€2,167 | -11.7% |
| Amounts payable within one year | 42/48 | €14,963 | €13,460 | -€1,503 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €2,059 | €2,167 | +€108 | +5.2% |
| Trade debts | 44 | €2,141 | €892 | -€1,249 | -58.3% |
| Suppliers | 440/4 | €2,141 | €892 | -€1,249 | -58.3% |
| Taxes, remuneration and social security | 45 | €7,145 | €6,473 | -€672 | -9.4% |
| Taxes | 450/3 | €3,904 | €3,813 | -€91 | -2.3% |
| Remuneration and social security | 454/9 | €3,241 | €2,659 | -€581 | -17.9% |
| Other amounts payable | 47/48 | €3,618 | €3,928 | +€310 | +8.6% |
| Accrued charges and deferred income | 492/3 | €3,205 | €4,225 | +€1,020 | +31.8% |
| Remuneration, social security and pensions | 62 | €11,353 | €14,996 | +€3,642 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,544 | €5,226 | +€1,683 | +47.5% |
| Other operating charges | 640/8 | €13 | €147 | +€134 | +1,063% |
| Gross operating margin | 9900 | €17,918 | €24,676 | +€6,758 | +37.7% |
| Operating profit (loss) | 9901 | €3,008 | €4,307 | +€1,299 | +43.2% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €1,022 | €1,837 | +€814 | +79.7% |
| Recurring financial charges | 65 | €1,022 | €1,837 | +€814 | +79.7% |
| Profit (loss) for the period before taxes | 9903 | €1,986 | €2,481 | +€495 | +24.9% |
| Income taxes | 67/77 | €604 | €932 | +€327 | +54.2% |
| Profit (loss) for the period | 9904 | €1,382 | €1,549 | +€168 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,382 | €1,549 | +€168 | +12.1% |
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 24 October 2026 via checked.be.