IMPAVIDA: 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.
IMPAVIDA
Largest movements
- Stocks and contracts +€13,158
up €13,158 (+109%), from €12,076 to €25,234
- Intangible fixed assets -€10,718
down €10,718 (-27.8%), from €38,537 to €27,820
- Receivables within one year +€8,375
up €8,375 (+223%), from €3,763 to €12,138
of which Trade receivables: +€10,114
- Cash -€7,293
down €7,293 (-34.5%), from €21,133 to €13,840
mainly Net result for the year (-€21,187) and Stocks and contracts (-€13,158)
- Deferred charges and accrued income -€3,371
down €3,371 (-69.4%), from €4,855 to €1,483
- Profit (loss) carried forward -€21,187
down €21,187, from €18,064 to -€3,122
- Trade debts +€11,242
up €11,242 (+146%), from €7,687 to €18,929
- Tax, wage and social debts +€10,409
up €10,409 (+41.7%), from €24,952 to €35,360
of which Remuneration and social security: +€12,313
- Debts after one year -€5,795
down €5,795 (-62.7%), from €9,241 to €3,446
- Other debts +€5,093
up €5,093 (+77.9%), from €6,535 to €11,628
- Gross operating margin -€19,437
down €19,437 (-11.7%), from €166,386 to €146,949
- Staff costs +€3,790
up €3,790 (+2.8%), from €134,101 to €137,891
- Financial charges +€2,773
up €2,773 (+52.7%), from €5,258 to €8,032
- Taxes -€2,047
down €2,047 (-93.0%), from €2,200 to €153
- Other operating charges +€1,982
up €1,982 (+104%), from €1,902 to €3,884
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,153 | €92,686 | -€1,468 | -1.6% |
| Fixed assets | 21/28 | €52,326 | €39,990 | -€12,336 | -23.6% |
| Intangible fixed assets | 21 | €38,537 | €27,820 | -€10,718 | -27.8% |
| Tangible fixed assets | 22/27 | €13,789 | €12,170 | -€1,619 | -11.7% |
| Plant, machinery and equipment | 23 | €13,789 | €9,225 | -€4,564 | -33.1% |
| Other tangible fixed assets | 26 | - | €2,945 | +€2,945 | |
| Current assets | 29/58 | €41,827 | €52,696 | +€10,869 | +26.0% |
| Stocks and contracts in progress | 3 | €12,076 | €25,234 | +€13,158 | +109% |
| Stocks | 30/36 | €12,076 | €25,234 | +€13,158 | +109% |
| Amounts receivable within one year | 40/41 | €3,763 | €12,138 | +€8,375 | +223% |
| Trade receivables | 40 | €964 | €11,077 | +€10,114 | +1,050% |
| Other amounts receivable | 41 | €2,800 | €1,061 | -€1,739 | -62.1% |
| Cash at bank and in hand | 54/58 | €21,133 | €13,840 | -€7,293 | -34.5% |
| Deferred charges and accrued income | 490/1 | €4,855 | €1,483 | -€3,371 | -69.4% |
| Total equity and liabilities | 10/49 | €94,153 | €92,686 | -€1,468 | -1.6% |
| Equity | 10/15 | €38,064 | €16,878 | -€21,187 | -55.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,064 | -€3,122 | -€21,187 | |
| Amounts payable | 17/49 | €56,089 | €75,808 | +€19,719 | +35.2% |
| Amounts payable after more than one year | 17 | €9,241 | €3,446 | -€5,795 | -62.7% |
| Financial debts | 170/4 | €9,241 | €3,446 | -€5,795 | -62.7% |
| Amounts payable within one year | 42/48 | €45,496 | €71,712 | +€26,216 | +57.6% |
| Current portion of amounts payable after more than one year | 42 | €6,322 | €5,795 | -€528 | -8.3% |
| Trade debts | 44 | €7,687 | €18,929 | +€11,242 | +146% |
| Suppliers | 440/4 | €7,687 | €18,929 | +€11,242 | +146% |
| Taxes, remuneration and social security | 45 | €24,952 | €35,360 | +€10,409 | +41.7% |
| Taxes | 450/3 | €13,847 | €11,943 | -€1,904 | -13.8% |
| Remuneration and social security | 454/9 | €11,105 | €23,418 | +€12,313 | +111% |
| Other amounts payable | 47/48 | €6,535 | €11,628 | +€5,093 | +77.9% |
| Accrued charges and deferred income | 492/3 | €1,352 | €650 | -€702 | -51.9% |
| Remuneration, social security and pensions | 62 | €134,101 | €137,891 | +€3,790 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,884 | €17,986 | +€102 | +0.6% |
| Other operating charges | 640/8 | €1,902 | €3,884 | +€1,982 | +104% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €166,386 | €146,949 | -€19,437 | -11.7% |
| Operating profit (loss) | 9901 | €12,499 | -€13,062 | -€25,561 | |
| Financial income | 75/76B | €1 | €60 | +€59 | +6,203% |
| Recurring financial income | 75 | €1 | €60 | +€59 | +6,203% |
| Financial charges | 65/66B | €5,258 | €8,032 | +€2,773 | +52.7% |
| Recurring financial charges | 65 | €5,258 | €8,032 | +€2,773 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €7,242 | -€21,034 | -€28,276 | |
| Income taxes | 67/77 | €2,200 | €153 | -€2,047 | -93.0% |
| Profit (loss) for the period | 9904 | €5,041 | -€21,187 | -€26,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,041 | -€21,187 | -€26,228 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.