IMPALA: 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.
IMPALA
Largest movements
- Tangible fixed assets +€177,042
up €177,042 (+27.4%), from €644,986 to €822,028
of which Land and buildings: +€178,927
- Cash -€132,823
down €132,823 (-69.7%), from €190,650 to €57,828
mainly Investment in fixed assets (net) (-€223,399) and Contributions, distributions and other (-€6,000)
- Current portion of long-term debt +€39,873
up €39,873 (+19.0%), from €210,130 to €250,003
- Gross operating margin -€153,530
down €153,530 (-70.3%), from €218,291 to €64,760
- Taxes -€39,183
down €39,183 (-96.5%), from €40,591 to €1,408
- Depreciation +€3,207
up €3,207 (+7.4%), from €43,149 to €46,356
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.
Derived cash bridge
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 | €859,847 | €905,142 | +€45,295 | +5.3% |
| Fixed assets | 21/28 | €644,986 | €822,028 | +€177,042 | +27.4% |
| Tangible fixed assets | 22/27 | €644,986 | €822,028 | +€177,042 | +27.4% |
| Land and buildings | 22 | €629,846 | €808,773 | +€178,927 | +28.4% |
| Furniture and vehicles | 24 | €1,443 | €1,841 | +€398 | +27.6% |
| Other tangible fixed assets | 26 | €13,697 | €11,414 | -€2,282 | -16.7% |
| Current assets | 29/58 | €214,861 | €83,114 | -€131,747 | -61.3% |
| Cash at bank and in hand | 54/58 | €190,650 | €57,828 | -€132,823 | -69.7% |
| Deferred charges and accrued income | 490/1 | €24,211 | €25,287 | +€1,076 | +4.4% |
| Total equity and liabilities | 10/49 | €859,847 | €905,142 | +€45,295 | +5.3% |
| Equity | 10/15 | €376,410 | €375,823 | -€587 | -0.2% |
| Contributions | 10/11 | €61,980 | €61,980 | = | 0.0% |
| Capital | 10 | €61,980 | €61,980 | = | 0.0% |
| Issued capital | 100 | €61,980 | €61,980 | = | 0.0% |
| Reserves | 13 | €6,400 | €6,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,030 | €307,443 | -€587 | -0.2% |
| Amounts payable | 17/49 | €483,437 | €529,319 | +€45,882 | +9.5% |
| Amounts payable after more than one year | 17 | €124,604 | €131,151 | +€6,547 | +5.3% |
| Financial debts | 170/4 | €124,604 | €131,151 | +€6,547 | +5.3% |
| Amounts payable within one year | 42/48 | €358,499 | €398,169 | +€39,669 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €210,130 | €250,003 | +€39,873 | +19.0% |
| Financial debts | 43 | €2,736 | €998 | -€1,738 | -63.5% |
| Credit institutions | 430/8 | €2,736 | €998 | -€1,738 | -63.5% |
| Trade debts | 44 | €276 | €1 | -€276 | -99.7% |
| Suppliers | 440/4 | €276 | €1 | -€276 | -99.7% |
| Taxes, remuneration and social security | 45 | €40,186 | €41,594 | +€1,408 | +3.5% |
| Taxes | 450/3 | €40,186 | €41,594 | +€1,408 | +3.5% |
| Other amounts payable | 47/48 | €105,171 | €105,572 | +€402 | +0.4% |
| Accrued charges and deferred income | 492/3 | €334 | - | -€334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,149 | €46,356 | +€3,207 | +7.4% |
| Other operating charges | 640/8 | €7,739 | €7,764 | +€25 | +0.3% |
| Gross operating margin | 9900 | €218,291 | €64,760 | -€153,530 | -70.3% |
| Operating profit (loss) | 9901 | €167,402 | €10,640 | -€156,762 | -93.6% |
| Financial income | 75/76B | €121 | €0 | -€120 | -99.9% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,000% |
| Non-recurring financial income | 76B | €121 | - | -€121 | |
| Financial charges | 65/66B | €4,172 | €3,819 | -€353 | -8.5% |
| Recurring financial charges | 65 | €4,172 | €3,819 | -€353 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €163,351 | €6,821 | -€156,530 | -95.8% |
| Income taxes | 67/77 | €40,591 | €1,408 | -€39,183 | -96.5% |
| Profit (loss) for the period | 9904 | €122,760 | €5,413 | -€117,347 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €122,760 | €5,413 | -€117,347 | -95.6% |
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 13 October 2026 via checked.be.