Impecc: 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.
Impecc
Largest movements
- Cash -€189,660
down €189,660 (-54.8%), from €345,826 to €156,165
mainly Other debts (-€216,293) and Contributions, distributions and other (-€198,000)
- Receivables within one year -€27,252
down €27,252 (-47.4%), from €57,464 to €30,212
of which Trade receivables: -€27,210
- Intangible fixed assets -€22,000
down €22,000 (-96.0%), from €22,924 to €924
- Tangible fixed assets -€17,504
down €17,504 (-34.3%), from €51,013 to €33,509
of which Furniture and vehicles: -€15,916
- Other debts -€216,293
down €216,293 (-52.2%), from €414,571 to €198,278
- Trade debts -€14,904
down €14,904 (-24.4%), from €60,972 to €46,067
- Debts after one year -€11,468
down €11,468 (-33.9%), from €33,802 to €22,334
- Accrued charges and deferred income -€7,304
down €7,304 (-83.5%), from €8,745 to €1,441
- Gross operating margin +€51,610
up €51,610 (+20.2%), from €255,000 to €306,610
- Taxes +€12,051
up €12,051 (+24.8%), from €48,507 to €60,559
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 | €602,459 | €352,845 | -€249,614 | -41.4% |
| Fixed assets | 21/28 | €73,937 | €34,433 | -€39,504 | -53.4% |
| Intangible fixed assets | 21 | €22,924 | €924 | -€22,000 | -96.0% |
| Tangible fixed assets | 22/27 | €51,013 | €33,509 | -€17,504 | -34.3% |
| Plant, machinery and equipment | 23 | €8,781 | €7,194 | -€1,587 | -18.1% |
| Furniture and vehicles | 24 | €42,231 | €26,315 | -€15,916 | -37.7% |
| Current assets | 29/58 | €528,523 | €318,412 | -€210,111 | -39.8% |
| Stocks and contracts in progress | 3 | €20,184 | €25,478 | +€5,295 | +26.2% |
| Stocks | 30/36 | €20,184 | €25,478 | +€5,295 | +26.2% |
| Amounts receivable within one year | 40/41 | €57,464 | €30,212 | -€27,252 | -47.4% |
| Trade receivables | 40 | €45,930 | €18,720 | -€27,210 | -59.2% |
| Other amounts receivable | 41 | €11,534 | €11,493 | -€42 | -0.4% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €345,826 | €156,165 | -€189,660 | -54.8% |
| Deferred charges and accrued income | 490/1 | €5,049 | €6,556 | +€1,507 | +29.8% |
| Total equity and liabilities | 10/49 | €602,459 | €352,845 | -€249,614 | -41.4% |
| Equity | 10/15 | €20,460 | €24,287 | +€3,827 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €3,827 | +€3,827 | |
| Amounts payable | 17/49 | €581,999 | €328,559 | -€253,441 | -43.5% |
| Amounts payable after more than one year | 17 | €33,802 | €22,334 | -€11,468 | -33.9% |
| Financial debts | 170/4 | €33,802 | €22,334 | -€11,468 | -33.9% |
| Amounts payable within one year | 42/48 | €539,453 | €304,783 | -€234,670 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €9,008 | -€4,992 | -35.7% |
| Trade debts | 44 | €60,972 | €46,067 | -€14,904 | -24.4% |
| Suppliers | 440/4 | €60,972 | €46,067 | -€14,904 | -24.4% |
| Advances received on contracts in progress | 46 | €30,210 | €30,483 | +€272 | +0.9% |
| Taxes, remuneration and social security | 45 | €19,700 | €20,948 | +€1,248 | +6.3% |
| Taxes | 450/3 | €19,700 | €20,948 | +€1,248 | +6.3% |
| Other amounts payable | 47/48 | €414,571 | €198,278 | -€216,293 | -52.2% |
| Accrued charges and deferred income | 492/3 | €8,745 | €1,441 | -€7,304 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,068 | €42,348 | -€719 | -1.7% |
| Other operating charges | 640/8 | €1,361 | €1,455 | +€94 | +6.9% |
| Gross operating margin | 9900 | €255,000 | €306,610 | +€51,610 | +20.2% |
| Operating profit (loss) | 9901 | €210,571 | €262,807 | +€52,236 | +24.8% |
| Financial income | 75/76B | €3,521 | €1,686 | -€1,835 | -52.1% |
| Recurring financial income | 75 | €3,521 | €1,686 | -€1,835 | -52.1% |
| Financial charges | 65/66B | €2,715 | €2,108 | -€607 | -22.3% |
| Recurring financial charges | 65 | €2,715 | €2,108 | -€607 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €211,378 | €262,385 | +€51,007 | +24.1% |
| Income taxes | 67/77 | €48,507 | €60,559 | +€12,051 | +24.8% |
| Profit (loss) for the period | 9904 | €162,870 | €201,827 | +€38,956 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €162,870 | €201,827 | +€38,956 | +23.9% |
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 9 October 2026 via checked.be.