Impact Visual Communication: 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 Visual Communication
Largest movements
- Deferred charges and accrued income +€22,797
up €22,797 (+107.1%), from €21,289 to €44,086
- Receivables within one year -€17,513
down €17,513 (-6.8%), from €259,438 to €241,925
of which Trade receivables: -€52,241
- Cash -€11,979
down €11,979 (-39.8%), from €30,082 to €18,103
mainly Contributions, distributions and other (-€89,808) and Investment in fixed assets (net) (-€75,411)
- Trade debts +€26,288
up €26,288 (+152.9%), from €17,196 to €43,484
- Reserves -€19,786
down €19,786 (-3.9%), from €506,794 to €487,008
of which Distributable reserves: -€19,607
- Debts after one year -€18,677
down €18,677 (-10.7%), from €174,587 to €155,910
- Tax, wage and social debts +€13,906
up €13,906 (+65.4%), from €21,277 to €35,183
- Gross operating margin -€56,835
down €56,835 (-24.1%), from €236,313 to €179,478
- Taxes -€20,740
down €20,740 (-36.6%), from €56,649 to €35,908
- Depreciation +€9,472
up €9,472 (+15.2%), from €62,242 to €71,714
- Other operating charges -€5,144
down €5,144 (-51.2%), from €10,052 to €4,908
- Write-downs +€3,352
up €3,352, from -€1,548 to €1,804
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 | €870,040 | €873,186 | +€3,146 | +0.4% |
| Fixed assets | 21/28 | €539,823 | €543,520 | +€3,697 | +0.7% |
| Tangible fixed assets | 22/27 | €539,823 | €543,520 | +€3,697 | +0.7% |
| Land and buildings | 22 | €355,365 | €330,283 | -€25,082 | -7.1% |
| Plant, machinery and equipment | 23 | €70,587 | €59,550 | -€11,037 | -15.6% |
| Furniture and vehicles | 24 | €55,625 | €100,839 | +€45,214 | +81.3% |
| Other tangible fixed assets | 26 | €58,245 | €52,848 | -€5,398 | -9.3% |
| Current assets | 29/58 | €330,217 | €329,666 | -€552 | -0.2% |
| Amounts receivable within one year | 40/41 | €259,438 | €241,925 | -€17,513 | -6.8% |
| Trade receivables | 40 | €188,375 | €136,134 | -€52,241 | -27.7% |
| Other amounts receivable | 41 | €71,063 | €105,791 | +€34,728 | +48.9% |
| Current investments | 50/53 | €19,408 | €25,552 | +€6,144 | +31.7% |
| Cash at bank and in hand | 54/58 | €30,082 | €18,103 | -€11,979 | -39.8% |
| Deferred charges and accrued income | 490/1 | €21,289 | €44,086 | +€22,797 | +107.1% |
| Total equity and liabilities | 10/49 | €870,040 | €873,186 | +€3,146 | +0.4% |
| Equity | 10/15 | €519,194 | €499,408 | -€19,786 | -3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €506,794 | €487,008 | -€19,786 | -3.9% |
| Tax-exempt reserves | 132 | €1,211 | €1,032 | -€179 | -14.8% |
| Distributable reserves | 133 | €505,583 | €485,976 | -€19,607 | -3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €624 | €531 | -€92 | -14.8% |
| Deferred taxes | 168 | €624 | €531 | -€92 | -14.8% |
| Amounts payable | 17/49 | €350,223 | €373,247 | +€23,025 | +6.6% |
| Amounts payable after more than one year | 17 | €174,587 | €155,910 | -€18,677 | -10.7% |
| Financial debts | 170/4 | €174,587 | €155,910 | -€18,677 | -10.7% |
| Amounts payable within one year | 42/48 | €175,382 | €217,333 | +€41,952 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €46,909 | €48,859 | +€1,950 | +4.2% |
| Trade debts | 44 | €17,196 | €43,484 | +€26,288 | +152.9% |
| Suppliers | 440/4 | €17,196 | €43,484 | +€26,288 | +152.9% |
| Taxes, remuneration and social security | 45 | €21,277 | €35,183 | +€13,906 | +65.4% |
| Taxes | 450/3 | €21,277 | €35,183 | +€13,906 | +65.4% |
| Other amounts payable | 47/48 | €90,000 | €89,808 | -€192 | -0.2% |
| Accrued charges and deferred income | 492/3 | €254 | €4 | -€250 | -98.5% |
| Non-recurring operating income | 76A | - | €21,044 | +€21,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,242 | €71,714 | +€9,472 | +15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,548 | €1,804 | +€3,352 | |
| Other operating charges | 640/8 | €10,052 | €4,908 | -€5,144 | -51.2% |
| Gross operating margin | 9900 | €236,313 | €179,478 | -€56,835 | -24.1% |
| Operating profit (loss) | 9901 | €165,567 | €101,052 | -€64,515 | -39.0% |
| Financial income | 75/76B | €13,458 | €10,175 | -€3,284 | -24.4% |
| Recurring financial income | 75 | €13,458 | €10,175 | -€3,284 | -24.4% |
| Financial charges | 65/66B | €5,779 | €5,388 | -€390 | -6.8% |
| Recurring financial charges | 65 | €5,779 | €5,388 | -€390 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €173,247 | €105,838 | -€67,409 | -38.9% |
| Transfer from deferred taxes | 780 | €92 | €92 | = | 0.0% |
| Income taxes | 67/77 | €56,649 | €35,908 | -€20,740 | -36.6% |
| Profit (loss) for the period | 9904 | €116,690 | €70,022 | -€46,668 | -40.0% |
| Transfer from tax-exempt reserves | 789 | €179 | €179 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €116,869 | €70,201 | -€46,668 | -39.9% |
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 12 October 2026 via checked.be.