IMPALA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€74,047
up €74,047 (+57.0%), from €129,979 to €204,026
mainly Net result for the year (+€115,076) and Other debts (+€114,597)
- Receivables within one year -€16,546
down €16,546 (-52.0%), from €31,812 to €15,266
of which Trade receivables: -€16,546
- Tangible fixed assets -€11,755
down €11,755 (-25.2%), from €46,698 to €34,943
- Other debts +€114,597
up €114,597 (+164%), from €69,835 to €184,432
- Profit (loss) carried forward -€61,924
down €61,924 (-80.4%), from €76,999 to €15,075
- Debts after one year -€10,218
down €10,218 (-33.0%), from €30,972 to €20,754
- Tax, wage and social debts +€2,916
up €2,916 (+14.2%), from €20,532 to €23,448
of which Taxes: +€2,916
- Gross operating margin +€24,162
up €24,162 (+17.1%), from €141,421 to €165,582
- Taxes +€5,699
up €5,699 (+19.4%), from €29,356 to €35,055
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 | €210,935 | €256,768 | +€45,832 | +21.7% |
| Fixed assets | 21/28 | €46,698 | €34,943 | -€11,755 | -25.2% |
| Tangible fixed assets | 22/27 | €46,698 | €34,943 | -€11,755 | -25.2% |
| Furniture and vehicles | 24 | €46,698 | €34,943 | -€11,755 | -25.2% |
| Current assets | 29/58 | €164,237 | €221,824 | +€57,587 | +35.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €31,812 | €15,266 | -€16,546 | -52.0% |
| Trade receivables | 40 | €31,812 | €15,266 | -€16,546 | -52.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €129,979 | €204,026 | +€74,047 | +57.0% |
| Deferred charges and accrued income | 490/1 | €2,446 | €2,532 | +€86 | +3.5% |
| Total equity and liabilities | 10/49 | €210,935 | €256,768 | +€45,832 | +21.7% |
| Equity | 10/15 | €79,499 | €17,575 | -€61,924 | -77.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,999 | €15,075 | -€61,924 | -80.4% |
| Amounts payable | 17/49 | €131,436 | €239,193 | +€107,756 | +82.0% |
| Amounts payable after more than one year | 17 | €30,972 | €20,754 | -€10,218 | -33.0% |
| Financial debts | 170/4 | €30,972 | €20,754 | -€10,218 | -33.0% |
| Amounts payable within one year | 42/48 | €100,302 | €218,231 | +€117,929 | +118% |
| Current portion of amounts payable after more than one year | 42 | €9,820 | €10,218 | +€397 | +4.0% |
| Trade debts | 44 | €114 | €134 | +€19 | +17.0% |
| Suppliers | 440/4 | €114 | €134 | +€19 | +17.0% |
| Taxes, remuneration and social security | 45 | €20,532 | €23,448 | +€2,916 | +14.2% |
| Taxes | 450/3 | €18,482 | €21,398 | +€2,916 | +15.8% |
| Remuneration and social security | 454/9 | €2,050 | €2,050 | = | 0.0% |
| Other amounts payable | 47/48 | €69,835 | €184,432 | +€114,597 | +164% |
| Accrued charges and deferred income | 492/3 | €163 | €208 | +€45 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,755 | €11,755 | = | 0.0% |
| Other operating charges | 640/8 | €1,109 | €2,039 | +€931 | +84.0% |
| Gross operating margin | 9900 | €141,421 | €165,582 | +€24,162 | +17.1% |
| Operating profit (loss) | 9901 | €128,557 | €151,788 | +€23,231 | +18.1% |
| Financial income | 75/76B | €149 | €4 | -€146 | -97.6% |
| Recurring financial income | 75 | €149 | €4 | -€146 | -97.6% |
| Financial charges | 65/66B | €2,352 | €1,661 | -€691 | -29.4% |
| Recurring financial charges | 65 | €2,352 | €1,661 | -€691 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €126,354 | €150,130 | +€23,776 | +18.8% |
| Income taxes | 67/77 | €29,356 | €35,055 | +€5,699 | +19.4% |
| Profit (loss) for the period | 9904 | €96,999 | €115,076 | +€18,077 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,999 | €115,076 | +€18,077 | +18.6% |
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 16 October 2026 via checked.be.