IMPACT SQUARE: 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 SQUARE
Largest movements
- Receivables within one year +€89,999
up €89,999 (+536.5%), from €16,774 to €106,772
of which Trade receivables: +€99,719
- Cash -€84,157
no longer reported in 2025 (was €84,157)
mainly Contributions, distributions and other (-€455,000) and Receivables within one year (-€89,999)
- Current investments +€52,433
new in 2025: €52,433
- Tax, wage and social debts +€42,062
up €42,062 (+89.0%), from €47,271 to €89,333
of which Taxes: +€67,562
- Profit (loss) carried forward +€25,484
up €25,484 (+124.0%), from €20,553 to €46,037
- Current portion of long-term debt -€6,823
down €6,823 (-61.3%), from €11,128 to €4,305
- Debts after one year -€3,443
no longer reported in 2025 (was €3,443)
- Financial income +€400,079
up €400,079 (+2667195.0%), from €15 to €400,094
- Gross operating margin +€46,748
up €46,748 (+73.8%), from €63,376 to €110,124
- Taxes +€11,158
up €11,158 (+103.6%), from €10,767 to €21,925
- Depreciation -€5,181
down €5,181 (-44.3%), from €11,701 to €6,520
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 | €120,394 | €177,674 | +€57,280 | +47.6% |
| Fixed assets | 21/28 | €18,923 | €17,907 | -€1,016 | -5.4% |
| Tangible fixed assets | 22/27 | €8,923 | €7,907 | -€1,016 | -11.4% |
| Plant, machinery and equipment | 23 | €117 | €963 | +€847 | +725.4% |
| Furniture and vehicles | 24 | €8,806 | €6,943 | -€1,863 | -21.2% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €101,471 | €159,768 | +€58,296 | +57.5% |
| Amounts receivable within one year | 40/41 | €16,774 | €106,772 | +€89,999 | +536.5% |
| Trade receivables | 40 | €219 | €99,938 | +€99,719 | +45434.1% |
| Other amounts receivable | 41 | €16,554 | €6,834 | -€9,720 | -58.7% |
| Current investments | 50/53 | - | €52,433 | +€52,433 | |
| Cash at bank and in hand | 54/58 | €84,157 | - | -€84,157 | |
| Deferred charges and accrued income | 490/1 | €540 | €562 | +€22 | +4.0% |
| Total equity and liabilities | 10/49 | €120,394 | €177,674 | +€57,280 | +47.6% |
| Equity | 10/15 | €58,553 | €84,037 | +€25,484 | +43.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,553 | €46,037 | +€25,484 | +124.0% |
| Amounts payable | 17/49 | €61,841 | €93,638 | +€31,796 | +51.4% |
| Amounts payable after more than one year | 17 | €3,443 | - | -€3,443 | |
| Financial debts | 170/4 | €3,443 | - | -€3,443 | |
| Amounts payable within one year | 42/48 | €58,399 | €93,638 | +€35,239 | +60.3% |
| Current portion of amounts payable after more than one year | 42 | €11,128 | €4,305 | -€6,823 | -61.3% |
| Taxes, remuneration and social security | 45 | €47,271 | €89,333 | +€42,062 | +89.0% |
| Taxes | 450/3 | €17,271 | €84,833 | +€67,562 | +391.2% |
| Remuneration and social security | 454/9 | €30,000 | €4,500 | -€25,500 | -85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,701 | €6,520 | -€5,181 | -44.3% |
| Other operating charges | 640/8 | €512 | €400 | -€113 | -22.0% |
| Gross operating margin | 9900 | €63,376 | €110,124 | +€46,748 | +73.8% |
| Operating profit (loss) | 9901 | €51,163 | €103,204 | +€52,041 | +101.7% |
| Financial income | 75/76B | €15 | €400,094 | +€400,079 | +2667195.0% |
| Recurring financial income | 75 | €15 | €400,094 | +€400,079 | +2667195.0% |
| Financial charges | 65/66B | €368 | €889 | +€521 | +141.5% |
| Recurring financial charges | 65 | €368 | €889 | +€521 | +141.5% |
| Profit (loss) for the period before taxes | 9903 | €50,809 | €502,409 | +€451,600 | +888.8% |
| Income taxes | 67/77 | €10,767 | €21,925 | +€11,158 | +103.6% |
| Profit (loss) for the period | 9904 | €40,043 | €480,484 | +€440,441 | +1099.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,043 | €480,484 | +€440,441 | +1099.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.