IMPACTIMMA: 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.
IMPACTIMMA
Largest movements
- Receivables within one year +€45,894
up €45,894 (+143.4%), from €32,003 to €77,898
of which Trade receivables: +€47,073
- Cash -€13,952
down €13,952 (-2.6%), from €531,699 to €517,748
mainly Advances received (-€75,330) and Receivables within one year (-€45,894)
- Tangible fixed assets +€8,804
up €8,804 (+7.5%), from €117,436 to €126,239
of which Other tangible fixed assets: +€15,530
- Reserves +€86,500
up €86,500 (+21.7%), from €397,805 to €484,305
of which Distributable reserves: +€86,500
- Advances received -€75,330
no longer reported in 2025 (was €75,330)
- Trade debts +€39,560
up €39,560 (+317.0%), from €12,479 to €52,039
- Debts after one year -€7,934
down €7,934 (-59.7%), from €13,280 to €5,346
- Gross operating margin +€133,461
up €133,461 (+59.7%), from €223,474 to €356,935
- Staff costs +€36,526
up €36,526 (+25.7%), from €142,024 to €178,550
- Taxes +€29,546
up €29,546 (+171.6%), from €17,220 to €46,766
- Depreciation +€6,687
up €6,687 (+44.9%), from €14,903 to €21,591
- Other operating charges -€4,278
down €4,278 (-35.7%), from €11,988 to €7,710
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 | €693,903 | €733,087 | +€39,184 | +5.6% |
| Fixed assets | 21/28 | €118,301 | €127,105 | +€8,804 | +7.4% |
| Tangible fixed assets | 22/27 | €117,436 | €126,239 | +€8,804 | +7.5% |
| Land and buildings | 22 | €61,115 | €57,335 | -€3,781 | -6.2% |
| Plant, machinery and equipment | 23 | €5,739 | €8,761 | +€3,022 | +52.7% |
| Furniture and vehicles | 24 | €26,720 | €20,753 | -€5,967 | -22.3% |
| Other tangible fixed assets | 26 | €8,361 | €23,890 | +€15,530 | +185.7% |
| Assets under construction and advance payments | 27 | €15,500 | €15,500 | = | 0.0% |
| Financial fixed assets | 28 | €866 | €866 | = | 0.0% |
| Current assets | 29/58 | €575,602 | €605,982 | +€30,380 | +5.3% |
| Amounts receivable within one year | 40/41 | €32,003 | €77,898 | +€45,894 | +143.4% |
| Trade receivables | 40 | €18,972 | €66,045 | +€47,073 | +248.1% |
| Other amounts receivable | 41 | €13,031 | €11,853 | -€1,178 | -9.0% |
| Cash at bank and in hand | 54/58 | €531,699 | €517,748 | -€13,952 | -2.6% |
| Deferred charges and accrued income | 490/1 | €11,899 | €10,337 | -€1,563 | -13.1% |
| Total equity and liabilities | 10/49 | €693,903 | €733,087 | +€39,184 | +5.6% |
| Equity | 10/15 | €539,669 | €626,502 | +€86,833 | +16.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €397,805 | €484,305 | +€86,500 | +21.7% |
| Non-distributable reserves | 130/1 | €4,805 | €4,805 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,805 | €4,805 | = | 0.0% |
| Distributable reserves | 133 | €393,000 | €479,500 | +€86,500 | +22.0% |
| Profit (loss) carried forward | 14 | €121,865 | €122,198 | +€333 | +0.3% |
| Amounts payable | 17/49 | €154,234 | €106,585 | -€47,649 | -30.9% |
| Amounts payable after more than one year | 17 | €13,280 | €5,346 | -€7,934 | -59.7% |
| Financial debts | 170/4 | €13,280 | €5,346 | -€7,934 | -59.7% |
| Amounts payable within one year | 42/48 | €140,954 | €100,779 | -€40,175 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €7,833 | €7,934 | +€101 | +1.3% |
| Trade debts | 44 | €12,479 | €52,039 | +€39,560 | +317.0% |
| Suppliers | 440/4 | €12,479 | €52,039 | +€39,560 | +317.0% |
| Advances received on contracts in progress | 46 | €75,330 | - | -€75,330 | |
| Taxes, remuneration and social security | 45 | €33,666 | €29,242 | -€4,424 | -13.1% |
| Taxes | 450/3 | €10,252 | €10,192 | -€60 | -0.6% |
| Remuneration and social security | 454/9 | €23,414 | €19,050 | -€4,364 | -18.6% |
| Other amounts payable | 47/48 | €11,646 | €11,563 | -€82 | -0.7% |
| Accrued charges and deferred income | 492/3 | - | €460 | +€460 | |
| Remuneration, social security and pensions | 62 | €142,024 | €178,550 | +€36,526 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,903 | €21,591 | +€6,687 | +44.9% |
| Other operating charges | 640/8 | €11,988 | €7,710 | -€4,278 | -35.7% |
| Gross operating margin | 9900 | €223,474 | €356,935 | +€133,461 | +59.7% |
| Operating profit (loss) | 9901 | €54,559 | €149,084 | +€94,525 | +173.3% |
| Financial income | 75/76B | €1,449 | €1,341 | -€108 | -7.4% |
| Recurring financial income | 75 | €1,449 | €1,341 | -€108 | -7.4% |
| Financial charges | 65/66B | €564 | €993 | +€429 | +75.9% |
| Recurring financial charges | 65 | €564 | €993 | +€429 | +75.9% |
| Profit (loss) for the period before taxes | 9903 | €55,443 | €149,432 | +€93,989 | +169.5% |
| Income taxes | 67/77 | €17,220 | €46,766 | +€29,546 | +171.6% |
| Profit (loss) for the period | 9904 | €38,223 | €102,666 | +€64,443 | +168.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,223 | €102,666 | +€64,443 | +168.6% |
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 10 October 2026 via checked.be.