IMPECA: 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.
IMPECA
Largest movements
- Cash -€105,044
down €105,044 (-42.8%), from €245,312 to €140,268
mainly Contributions, distributions and other (-€250,000) and Tax, wage and social debts (-€17,567)
- Deferred charges and accrued income -€13,695
down €13,695 (-93.8%), from €14,607 to €912
- Receivables within one year -€5,349
no longer reported in 2025 (was €5,349)
- Profit (loss) carried forward -€109,465
down €109,465 (-41.8%), from €262,069 to €152,604
- Tax, wage and social debts -€17,567
down €17,567 (-86.8%), from €20,248 to €2,682
of which Taxes: -€12,337
- Depreciation -€8,918
down €8,918 (-57.9%), from €15,412 to €6,494
- Gross operating margin +€3,900
up €3,900 (+1.8%), from €220,879 to €224,779
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 | €285,803 | €160,457 | -€125,347 | -43.9% |
| Fixed assets | 21/28 | €20,535 | €19,276 | -€1,259 | -6.1% |
| Tangible fixed assets | 22/27 | €20,535 | €19,276 | -€1,259 | -6.1% |
| Furniture and vehicles | 24 | €20,535 | €19,276 | -€1,259 | -6.1% |
| Current assets | 29/58 | €265,268 | €141,181 | -€124,088 | -46.8% |
| Amounts receivable within one year | 40/41 | €5,349 | - | -€5,349 | |
| Other amounts receivable | 41 | €5,349 | - | -€5,349 | |
| Cash at bank and in hand | 54/58 | €245,312 | €140,268 | -€105,044 | -42.8% |
| Deferred charges and accrued income | 490/1 | €14,607 | €912 | -€13,695 | -93.8% |
| Total equity and liabilities | 10/49 | €285,803 | €160,457 | -€125,347 | -43.9% |
| Equity | 10/15 | €264,069 | €154,604 | -€109,465 | -41.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262,069 | €152,604 | -€109,465 | -41.8% |
| Amounts payable | 17/49 | €21,735 | €5,853 | -€15,882 | -73.1% |
| Amounts payable within one year | 42/48 | €21,735 | €5,853 | -€15,882 | -73.1% |
| Trade debts | 44 | €1,486 | €2,289 | +€803 | +54.0% |
| Suppliers | 440/4 | €1,486 | €2,289 | +€803 | +54.0% |
| Taxes, remuneration and social security | 45 | €20,248 | €2,682 | -€17,567 | -86.8% |
| Taxes | 450/3 | €15,019 | €2,682 | -€12,337 | -82.1% |
| Remuneration and social security | 454/9 | €5,229 | - | -€5,229 | |
| Other amounts payable | 47/48 | - | €882 | +€882 | |
| Remuneration, social security and pensions | 62 | €34,698 | €32,816 | -€1,882 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,412 | €6,494 | -€8,918 | -57.9% |
| Other operating charges | 640/8 | €1,127 | €2,777 | +€1,650 | +146.4% |
| Gross operating margin | 9900 | €220,879 | €224,779 | +€3,900 | +1.8% |
| Operating profit (loss) | 9901 | €169,643 | €182,692 | +€13,050 | +7.7% |
| Financial income | 75/76B | €114 | - | -€114 | |
| Recurring financial income | 75 | €114 | - | -€114 | |
| Financial charges | 65/66B | €1,048 | €1,023 | -€25 | -2.4% |
| Recurring financial charges | 65 | €1,048 | €1,023 | -€25 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €168,708 | €181,669 | +€12,961 | +7.7% |
| Income taxes | 67/77 | €39,500 | €41,134 | +€1,634 | +4.1% |
| Profit (loss) for the period | 9904 | €129,208 | €140,535 | +€11,327 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €129,208 | €140,535 | +€11,327 | +8.8% |
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 10 October 2026 via checked.be.