IMPARO: 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.
What changed
IMPARO
NACE 86.230, Dental practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€273,084
2024 · €198,620+€74,464
Equity
€836,061
2024 · €798,060+€38,001
Cash
€131,522
2024 · €282,797-€151,275
Balance sheet total
€1.1m
2024 · €904,960+€178,216
Largest movements
Assets
- Current investments +€390,000
up €390,000 (+111%), from €350,000 to €740,000
- Cash -€151,275
down €151,275 (-53.5%), from €282,797 to €131,522
mainly Current investments (-€390,000) and Contributions, distributions and other (-€235,084)
- Tangible fixed assets -€47,597
down €47,597 (-20.2%), from €236,111 to €188,514
Equity and liabilities
- Other debts +€166,352
new in 2025: €166,352
- Reserves +€38,001
up €38,001 (+4.8%), from €785,660 to €823,661
- Debts after one year -€22,302
down €22,302 (-38.4%), from €58,025 to €35,724
Income statement
- Gross operating margin +€132,339
up €132,339 (+33.9%), from €390,024 to €522,363
- Taxes +€31,344
up €31,344 (+34.0%), from €92,186 to €123,529
- Staff costs +€17,479
up €17,479 (+30.3%), from €57,711 to €75,190
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.
Result 2024
€198,620
Gross operating margin
+€132,339
Staff costs
-€17,479
Depreciation
-€4,035
Other operating charges
+€966
Other operating items
-€1,603
Financial income
+€632
Financial charges
-€5,013
Taxes
-€31,344
Result 2025
€273,084
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€498,690
Investment
-€392,780
Financing
-€257,185
Cash 2024
€282,797
From operations (derived)
+€498,690
Net result for the year
+€273,084
Depreciation
+€50,377
Stocks and contracts
+€4,320
Receivables within one year
+€7,401
Deferred charges and accrued income
+€1,190
Trade debts
-€5,201
Tax, wage and social debts
+€2,683
Other debts
+€166,352
Accrued charges and deferred income
-€1,517
Investment (derived)
-€392,780
Investment in fixed assets (net)
-€2,780
Current investments
-€390,000
Financing
-€257,185
Debts after one year
-€22,302
Current portion of long-term debt
+€200
Contributions, distributions and other
-€235,084
Cash 2025
€131,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,960 | €1,083,177 | +€178,216 | +19.7% |
| Fixed assets | 21/28 | €236,111 | €188,514 | -€47,597 | -20.2% |
| Tangible fixed assets | 22/27 | €236,111 | €188,514 | -€47,597 | -20.2% |
| Land and buildings | 22 | €68,002 | €56,697 | -€11,305 | -16.6% |
| Plant, machinery and equipment | 23 | €128,668 | €110,120 | -€18,549 | -14.4% |
| Furniture and vehicles | 24 | €39,440 | €21,697 | -€17,743 | -45.0% |
| Current assets | 29/58 | €668,849 | €894,663 | +€225,814 | +33.8% |
| Stocks and contracts in progress | 3 | €13,920 | €9,600 | -€4,320 | -31.0% |
| Stocks | 30/36 | €13,920 | €9,600 | -€4,320 | -31.0% |
| Amounts receivable within one year | 40/41 | €15,629 | €8,228 | -€7,401 | -47.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €15,629 | €8,228 | -€7,401 | -47.4% |
| Current investments | 50/53 | €350,000 | €740,000 | +€390,000 | +111% |
| Cash at bank and in hand | 54/58 | €282,797 | €131,522 | -€151,275 | -53.5% |
| Deferred charges and accrued income | 490/1 | €6,504 | €5,313 | -€1,190 | -18.3% |
| Total equity and liabilities | 10/49 | €904,960 | €1,083,177 | +€178,216 | +19.7% |
| Equity | 10/15 | €798,060 | €836,061 | +€38,001 | +4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €785,660 | €823,661 | +€38,001 | +4.8% |
| Distributable reserves | 133 | €785,660 | €823,661 | +€38,001 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,900 | €247,116 | +€140,216 | +131% |
| Amounts payable after more than one year | 17 | €58,025 | €35,724 | -€22,302 | -38.4% |
| Financial debts | 170/4 | €58,025 | €35,724 | -€22,302 | -38.4% |
| Amounts payable within one year | 42/48 | €45,464 | €209,498 | +€164,034 | +361% |
| Current portion of amounts payable after more than one year | 42 | €22,102 | €22,302 | +€200 | +0.9% |
| Trade debts | 44 | €8,584 | €3,383 | -€5,201 | -60.6% |
| Suppliers | 440/4 | €8,584 | €3,383 | -€5,201 | -60.6% |
| Taxes, remuneration and social security | 45 | €14,778 | €17,461 | +€2,683 | +18.2% |
| Taxes | 450/3 | €14,778 | €17,319 | +€2,541 | +17.2% |
| Remuneration and social security | 454/9 | €0 | €142 | +€142 | |
| Other amounts payable | 47/48 | - | €166,352 | +€166,352 | |
| Accrued charges and deferred income | 492/3 | €3,411 | €1,894 | -€1,517 | -44.5% |
| Non-recurring operating income | 76A | €4,239 | €0 | -€4,239 | -100% |
| Remuneration, social security and pensions | 62 | €57,711 | €75,190 | +€17,479 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,342 | €50,377 | +€4,035 | +8.7% |
| Other operating charges | 640/8 | €4,431 | €3,464 | -€966 | -21.8% |
| Non-recurring operating charges | 66A | €121 | €1,724 | +€1,603 | +1,321% |
| Gross operating margin | 9900 | €390,024 | €522,363 | +€132,339 | +33.9% |
| Operating profit (loss) | 9901 | €281,420 | €391,608 | +€110,188 | +39.2% |
| Financial income | 75/76B | €11,906 | €12,538 | +€632 | +5.3% |
| Recurring financial income | 75 | €11,906 | €12,538 | +€632 | +5.3% |
| Financial charges | 65/66B | €2,520 | €7,533 | +€5,013 | +199% |
| Recurring financial charges | 65 | €2,520 | €7,533 | +€5,013 | +199% |
| Profit (loss) for the period before taxes | 9903 | €290,806 | €396,613 | +€105,808 | +36.4% |
| Income taxes | 67/77 | €92,186 | €123,529 | +€31,344 | +34.0% |
| Profit (loss) for the period | 9904 | €198,620 | €273,084 | +€74,464 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €198,620 | €273,084 | +€74,464 | +37.5% |
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 27 October 2026 via checked.be.