IMPACTHEO: 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.
IMPACTHEO
Largest movements
- Cash +€2.3m
up €2.3m (+129%), from €1.8m to €4.0m
mainly Current investments (+€1.3m) and Net result for the year (+€885,119)
- Current investments -€1.3m
down €1.3m (-41.7%), from €3.0m to €1.8m
- Financial fixed assets -€218,540
down €218,540 (-2.3%), from €9.5m to €9.2m
- Profit (loss) carried forward +€885,119
up €885,119 (+88.2%), from -€1.0m to -€118,914
- Financial income +€1.9m
up €1.9m (+2,169%), from €89,828 to €2.0m
of which Non-recurring financial income: +€1.7m
- Taxes +€187,169
new in 2024: €187,169
- Gross operating margin +€41,915
up €41,915 (+10.6%), from -€395,102 to -€353,187
- Financial charges -€12,634
down €12,634 (-2.3%), from €547,667 to €535,033
of which Non-recurring financial charges: -€12,393
- Staff costs +€9,917
up €9,917 (+16.4%), from €60,475 to €70,392
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,365,347 | €15,343,853 | +€978,505 | +6.8% |
| Fixed assets | 21/28 | €9,474,157 | €9,257,551 | -€216,606 | -2.3% |
| Intangible fixed assets | 21 | €19,842 | €22,748 | +€2,906 | +14.6% |
| Tangible fixed assets | 22/27 | €1,404 | €431 | -€973 | -69.3% |
| Plant, machinery and equipment | 23 | €1,404 | €431 | -€973 | -69.3% |
| Financial fixed assets | 28 | €9,452,911 | €9,234,371 | -€218,540 | -2.3% |
| Current assets | 29/58 | €4,891,191 | €6,086,302 | +€1.2m | +24.4% |
| Amounts receivable after more than one year | 29 | €24,600 | €24,600 | = | 0.0% |
| Other amounts receivable | 291 | €24,600 | €24,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,554 | €230,871 | +€136,316 | +144% |
| Trade receivables | 40 | €5,974 | €28,949 | +€22,975 | +385% |
| Other amounts receivable | 41 | €88,580 | €201,921 | +€113,341 | +128% |
| Current investments | 50/53 | €3,000,005 | €1,750,000 | -€1.3m | -41.7% |
| Cash at bank and in hand | 54/58 | €1,762,759 | €4,031,565 | +€2.3m | +129% |
| Deferred charges and accrued income | 490/1 | €9,272 | €49,266 | +€39,994 | +431% |
| Total equity and liabilities | 10/49 | €14,365,347 | €15,343,853 | +€978,505 | +6.8% |
| Equity | 10/15 | €7,891,614 | €8,776,733 | +€885,119 | +11.2% |
| Contributions | 10/11 | €7,804,000 | €7,804,000 | = | 0.0% |
| Capital | 10 | €7,804,000 | €7,804,000 | = | 0.0% |
| Issued capital | 100 | €7,804,000 | €7,804,000 | = | 0.0% |
| Reserves | 13 | €1,091,647 | €1,091,647 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,634 | €75,634 | = | 0.0% |
| Legal reserve | 130 | €75,634 | €75,634 | = | 0.0% |
| Distributable reserves | 133 | €1,016,013 | €1,016,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,004,033 | -€118,914 | +€885,119 | +88.2% |
| Amounts payable | 17/49 | €6,473,733 | €6,567,119 | +€93,386 | +1.4% |
| Amounts payable after more than one year | 17 | €6,288,577 | €6,288,577 | = | 0.0% |
| Other amounts payable | 178/9 | €6,288,577 | €6,288,577 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,460 | €88,960 | +€30,500 | +52.2% |
| Trade debts | 44 | €41,583 | €75,446 | +€33,864 | +81.4% |
| Suppliers | 440/4 | €41,583 | €75,446 | +€33,864 | +81.4% |
| Taxes, remuneration and social security | 45 | €16,877 | €13,254 | -€3,623 | -21.5% |
| Taxes | 450/3 | €2,418 | - | -€2,418 | |
| Remuneration and social security | 454/9 | €14,459 | €13,254 | -€1,205 | -8.3% |
| Other amounts payable | 47/48 | - | €260 | +€260 | |
| Accrued charges and deferred income | 492/3 | €126,697 | €189,583 | +€62,886 | +49.6% |
| Remuneration, social security and pensions | 62 | €60,475 | €70,392 | +€9,917 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,821 | €4,939 | +€1,118 | +29.3% |
| Other operating charges | 640/8 | €5,760 | €2,367 | -€3,394 | -58.9% |
| Non-recurring operating charges | 66A | €81,036 | - | -€81,036 | |
| Gross operating margin | 9900 | -€395,102 | -€353,187 | +€41,915 | +10.6% |
| Operating profit (loss) | 9901 | -€546,194 | -€430,885 | +€115,309 | +21.1% |
| Financial income | 75/76B | €89,828 | €2,038,206 | +€1.9m | +2,169% |
| Recurring financial income | 75 | €8,569 | €275,089 | +€266,519 | +3,110% |
| Non-recurring financial income | 76B | €81,259 | €1,763,117 | +€1.7m | +2,070% |
| Financial charges | 65/66B | €547,667 | €535,033 | -€12,634 | -2.3% |
| Recurring financial charges | 65 | €63,841 | €63,600 | -€241 | -0.4% |
| Non-recurring financial charges | 66B | €483,826 | €471,433 | -€12,393 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,004,033 | €1,072,288 | +€2.1m | |
| Income taxes | 67/77 | - | €187,169 | +€187,169 | |
| Profit (loss) for the period | 9904 | -€1,004,033 | €885,119 | +€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,004,033 | €885,119 | +€1.9m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.