IMPAVIS: what changed
Two fiscal 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.
IMPAVIS
Largest movements
- Cash -€80,216
down €80,216 (-71.7%), from €111,875 to €31,659
mainly Contributions, distributions and other (-€85,880) and Receivables within one year (-€15,817)
- Receivables within one year +€15,817
up €15,817 (+3929.4%), from €403 to €16,220
of which Trade receivables: +€16,220
- Tangible fixed assets -€9,476
down €9,476 (-47.9%), from €19,782 to €10,306
of which Furniture and vehicles: -€10,078
- Reserves -€58,066
no longer reported in 2025 (was €58,066)
- Other debts -€15,710
down €15,710 (-36.0%), from €43,638 to €27,928
- Gross operating margin -€14,488
down €14,488 (-18.9%), from €76,606 to €62,118
- Taxes -€3,096
down €3,096 (-22.6%), from €13,693 to €10,597
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.
Cash bridge derived
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 | €132,060 | €58,185 | -€73,875 | -55.9% |
| Fixed assets | 21/28 | €19,782 | €10,306 | -€9,476 | -47.9% |
| Tangible fixed assets | 22/27 | €19,782 | €10,306 | -€9,476 | -47.9% |
| Plant, machinery and equipment | 23 | - | €602 | +€602 | |
| Furniture and vehicles | 24 | €19,782 | €9,704 | -€10,078 | -50.9% |
| Current assets | 29/58 | €112,277 | €47,879 | -€64,398 | -57.4% |
| Amounts receivable within one year | 40/41 | €403 | €16,220 | +€15,817 | +3929.4% |
| Trade receivables | 40 | - | €16,220 | +€16,220 | |
| Other amounts receivable | 41 | €403 | - | -€403 | |
| Cash at bank and in hand | 54/58 | €111,875 | €31,659 | -€80,216 | -71.7% |
| Total equity and liabilities | 10/49 | €132,060 | €58,185 | -€73,875 | -55.9% |
| Equity | 10/15 | €63,066 | €5,000 | -€58,066 | -92.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,066 | - | -€58,066 | |
| Distributable reserves | 133 | €58,066 | - | -€58,066 | |
| Amounts payable | 17/49 | €68,994 | €53,185 | -€15,809 | -22.9% |
| Amounts payable within one year | 42/48 | €68,994 | €53,185 | -€15,809 | -22.9% |
| Trade debts | 44 | €580 | €557 | -€23 | -4.0% |
| Suppliers | 440/4 | €580 | €557 | -€23 | -4.0% |
| Taxes, remuneration and social security | 45 | €24,775 | €24,701 | -€75 | -0.3% |
| Taxes | 450/3 | €24,775 | €24,701 | -€75 | -0.3% |
| Other amounts payable | 47/48 | €43,638 | €27,928 | -€15,710 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,768 | €19,445 | +€677 | +3.6% |
| Other operating charges | 640/8 | €2,367 | €2,868 | +€500 | +21.1% |
| Gross operating margin | 9900 | €76,606 | €62,118 | -€14,488 | -18.9% |
| Operating profit (loss) | 9901 | €55,471 | €39,805 | -€15,666 | -28.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,026 | €1,395 | -€631 | -31.2% |
| Recurring financial charges | 65 | €2,026 | €1,395 | -€631 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €53,445 | €38,411 | -€15,034 | -28.1% |
| Income taxes | 67/77 | €13,693 | €10,597 | -€3,096 | -22.6% |
| Profit (loss) for the period | 9904 | €39,752 | €27,814 | -€11,939 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,752 | €27,814 | -€11,939 | -30.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.