IMPACT MANAGEMENT: 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 MANAGEMENT
Largest movements
- Financial fixed assets +€250,000
up €250,000 (+500000.0%), from €50 to €250,050
- Cash +€55,628
up €55,628 (+67.2%), from €82,793 to €138,421
mainly Debts after one year (+€196,208) and Net result for the year (+€40,291)
- Tangible fixed assets -€48,469
down €48,469 (-6.6%), from €734,730 to €686,262
- Receivables after one year -€31,961
down €31,961 (-24.5%), from €130,467 to €98,506
- Debts after one year +€196,208
up €196,208 (+37.0%), from €530,877 to €727,085
- Reserves +€31,000
up €31,000 (+17.1%), from €180,860 to €211,860
of which Distributable reserves: +€31,000
- Financial charges +€13,821
up €13,821 (+85.6%), from €16,151 to €29,973
- Depreciation -€5,663
down €5,663 (-14.2%), from €39,979 to €34,316
- Taxes -€5,174
down €5,174 (-28.3%), from €18,284 to €13,111
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 | €1,000,349 | €1,223,739 | +€223,390 | +22.3% |
| Fixed assets | 21/28 | €734,780 | €936,312 | +€201,531 | +27.4% |
| Tangible fixed assets | 22/27 | €734,730 | €686,262 | -€48,469 | -6.6% |
| Land and buildings | 22 | €613,741 | €590,602 | -€23,139 | -3.8% |
| Plant, machinery and equipment | 23 | €96,220 | €94,953 | -€1,267 | -1.3% |
| Furniture and vehicles | 24 | €24,769 | €706 | -€24,063 | -97.1% |
| Financial fixed assets | 28 | €50 | €250,050 | +€250,000 | +500000.0% |
| Current assets | 29/58 | €265,569 | €287,428 | +€21,859 | +8.2% |
| Amounts receivable after more than one year | 29 | €130,467 | €98,506 | -€31,961 | -24.5% |
| Other amounts receivable | 291 | €130,467 | €98,506 | -€31,961 | -24.5% |
| Amounts receivable within one year | 40/41 | €49,834 | €49,456 | -€378 | -0.8% |
| Trade receivables | 40 | €37,967 | €23,810 | -€14,157 | -37.3% |
| Other amounts receivable | 41 | €11,868 | €25,646 | +€13,779 | +116.1% |
| Cash at bank and in hand | 54/58 | €82,793 | €138,421 | +€55,628 | +67.2% |
| Deferred charges and accrued income | 490/1 | €2,475 | €1,045 | -€1,430 | -57.8% |
| Total equity and liabilities | 10/49 | €1,000,349 | €1,223,739 | +€223,390 | +22.3% |
| Equity | 10/15 | €335,830 | €367,120 | +€31,291 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €180,860 | €211,860 | +€31,000 | +17.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €179,000 | €210,000 | +€31,000 | +17.3% |
| Profit (loss) carried forward | 14 | €142,570 | €142,860 | +€291 | +0.2% |
| Amounts payable | 17/49 | €664,519 | €856,619 | +€192,100 | +28.9% |
| Amounts payable after more than one year | 17 | €530,877 | €727,085 | +€196,208 | +37.0% |
| Financial debts | 170/4 | €530,877 | €727,085 | +€196,208 | +37.0% |
| Amounts payable within one year | 42/48 | €131,430 | €127,322 | -€4,108 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €64,953 | €71,861 | +€6,908 | +10.6% |
| Trade debts | 44 | €9,962 | €2,775 | -€7,187 | -72.1% |
| Suppliers | 440/4 | €9,962 | €2,775 | -€7,187 | -72.1% |
| Taxes, remuneration and social security | 45 | €52,175 | €41,096 | -€11,079 | -21.2% |
| Taxes | 450/3 | €52,175 | €41,096 | -€11,079 | -21.2% |
| Other amounts payable | 47/48 | €4,340 | €11,590 | +€7,250 | +167.1% |
| Accrued charges and deferred income | 492/3 | €2,212 | €2,212 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,979 | €34,316 | -€5,663 | -14.2% |
| Other operating charges | 640/8 | €7,912 | €7,238 | -€674 | -8.5% |
| Gross operating margin | 9900 | €125,862 | €124,928 | -€934 | -0.7% |
| Operating profit (loss) | 9901 | €77,971 | €83,374 | +€5,403 | +6.9% |
| Financial charges | 65/66B | €16,151 | €29,973 | +€13,821 | +85.6% |
| Recurring financial charges | 65 | €16,151 | €29,973 | +€13,821 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | €61,820 | €53,401 | -€8,419 | -13.6% |
| Income taxes | 67/77 | €18,284 | €13,111 | -€5,174 | -28.3% |
| Profit (loss) for the period | 9904 | €43,536 | €40,291 | -€3,245 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,536 | €40,291 | -€3,245 | -7.5% |
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 9 October 2026 via checked.be.