IMPAR: what changed
IMPAR
Largest movements
- Receivables within one year +€46,000
up €46,000 (+1,056%), from €4,356 to €50,356
- Tangible fixed assets -€14,971
down €14,971 (-8.1%), from €184,798 to €169,828
of which Land and buildings: -€14,753
- Cash -€7,488
down €7,488 (-79.7%), from €9,401 to €1,912
mainly Receivables within one year (-€46,000) and Debts after one year (-€20,004)
- Other debts +€22,342
up €22,342 (+15.8%), from €141,491 to €163,833
- Trade debts +€20,198
up €20,198 (+779%), from €2,594 to €22,792
- Debts after one year -€20,004
down €20,004 (-50.1%), from €39,948 to €19,944
- Profit (loss) carried forward +€5,102
up €5,102 (+3.4%), from -€149,678 to -€144,576
- Tax, wage and social debts -€4,097
down €4,097 (-63.9%), from €6,414 to €2,317
of which Remuneration and social security: -€4,500
- Gross operating margin +€25,487
up €25,487, from -€1,304 to €24,183
- Financial charges -€582
down €582 (-22.9%), from €2,538 to €1,956
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,555 | €222,096 | +€23,541 | +11.9% |
| Fixed assets | 21/28 | €184,798 | €169,828 | -€14,971 | -8.1% |
| Tangible fixed assets | 22/27 | €184,798 | €169,828 | -€14,971 | -8.1% |
| Land and buildings | 22 | €184,580 | €169,828 | -€14,753 | -8.0% |
| Furniture and vehicles | 24 | €218 | €0 | -€218 | -100% |
| Current assets | 29/58 | €13,757 | €52,268 | +€38,512 | +280% |
| Amounts receivable within one year | 40/41 | €4,356 | €50,356 | +€46,000 | +1,056% |
| Trade receivables | 40 | €4,356 | €50,356 | +€46,000 | +1,056% |
| Cash at bank and in hand | 54/58 | €9,401 | €1,912 | -€7,488 | -79.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €198,555 | €222,096 | +€23,541 | +11.9% |
| Equity | 10/15 | -€11,896 | -€6,795 | +€5,102 | +42.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €37,782 | €37,782 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €33,282 | €33,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,678 | -€144,576 | +€5,102 | +3.4% |
| Amounts payable | 17/49 | €210,451 | €228,890 | +€18,439 | +8.8% |
| Amounts payable after more than one year | 17 | €39,948 | €19,944 | -€20,004 | -50.1% |
| Financial debts | 170/4 | €39,948 | €19,944 | -€20,004 | -50.1% |
| Amounts payable within one year | 42/48 | €170,503 | €208,946 | +€38,443 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €20,004 | €20,004 | = | 0.0% |
| Trade debts | 44 | €2,594 | €22,792 | +€20,198 | +779% |
| Suppliers | 440/4 | €2,594 | €22,792 | +€20,198 | +779% |
| Taxes, remuneration and social security | 45 | €6,414 | €2,317 | -€4,097 | -63.9% |
| Taxes | 450/3 | €1,914 | €2,317 | +€403 | +21.1% |
| Remuneration and social security | 454/9 | €4,500 | €0 | -€4,500 | -100% |
| Other amounts payable | 47/48 | €141,491 | €163,833 | +€22,342 | +15.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,126 | €14,971 | -€156 | -1.0% |
| Other operating charges | 640/8 | €2,100 | €2,154 | +€54 | +2.6% |
| Gross operating margin | 9900 | -€1,304 | €24,183 | +€25,487 | |
| Operating profit (loss) | 9901 | -€18,531 | €7,058 | +€25,588 | |
| Financial charges | 65/66B | €2,538 | €1,956 | -€582 | -22.9% |
| Recurring financial charges | 65 | €2,538 | €1,956 | -€582 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,069 | €5,102 | +€26,170 | |
| Profit (loss) for the period | 9904 | -€21,069 | €5,102 | +€26,170 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,069 | €5,102 | +€26,170 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.