IMPEDANCE: 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.
IMPEDANCE
Largest movements
- Tangible fixed assets -€14,360
down €14,360 (-22.3%), from €64,447 to €50,087
- Cash +€7,613
up €7,613 (+52.0%), from €14,654 to €22,267
mainly Depreciation (+€16,838) and Net result for the year (+€13,856)
- Stocks and contracts -€3,357
down €3,357 (-3.0%), from €110,722 to €107,365
- Receivables within one year -€2,533
down €2,533 (-19.8%), from €12,802 to €10,269
- Current portion of long-term debt -€20,057
down €20,057 (-91.6%), from €21,891 to €1,834
- Trade debts +€8,403
up €8,403 (+687.5%), from €1,222 to €9,626
- Tax, wage and social debts +€4,298
up €4,298 (+25.0%), from €17,165 to €21,463
of which Taxes: +€6,798
- Profit (loss) carried forward -€3,980
down €3,980 (-5.0%), from €78,817 to €74,837
- Other operating charges -€4,869
down €4,869 (-79.5%), from €6,124 to €1,255
- Gross operating margin -€2,198
down €2,198 (-4.5%), from €48,879 to €46,682
- Depreciation +€1,634
up €1,634 (+10.7%), from €15,204 to €16,838
- Financial charges +€1,236
up €1,236 (+14.8%), from €8,358 to €9,594
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 | €205,041 | €192,496 | -€12,545 | -6.1% |
| Fixed assets | 21/28 | €64,447 | €50,087 | -€14,360 | -22.3% |
| Tangible fixed assets | 22/27 | €64,447 | €50,087 | -€14,360 | -22.3% |
| Furniture and vehicles | 24 | €64,447 | €50,087 | -€14,360 | -22.3% |
| Current assets | 29/58 | €140,594 | €142,409 | +€1,815 | +1.3% |
| Stocks and contracts in progress | 3 | €110,722 | €107,365 | -€3,357 | -3.0% |
| Stocks | 30/36 | €110,722 | €107,365 | -€3,357 | -3.0% |
| Amounts receivable within one year | 40/41 | €12,802 | €10,269 | -€2,533 | -19.8% |
| Trade receivables | 40 | €12,802 | €10,269 | -€2,533 | -19.8% |
| Cash at bank and in hand | 54/58 | €14,654 | €22,267 | +€7,613 | +52.0% |
| Deferred charges and accrued income | 490/1 | €2,416 | €2,508 | +€92 | +3.8% |
| Total equity and liabilities | 10/49 | €205,041 | €192,496 | -€12,545 | -6.1% |
| Equity | 10/15 | €162,724 | €159,437 | -€3,287 | -2.0% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Capital | 10 | €80,565 | €80,565 | = | 0.0% |
| Issued capital | 100 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €3,342 | €4,035 | +€693 | +20.7% |
| Non-distributable reserves | 130/1 | €3,342 | €4,035 | +€693 | +20.7% |
| Legal reserve | 130 | €3,342 | €4,035 | +€693 | +20.7% |
| Profit (loss) carried forward | 14 | €78,817 | €74,837 | -€3,980 | -5.0% |
| Amounts payable | 17/49 | €42,317 | €33,059 | -€9,257 | -21.9% |
| Amounts payable after more than one year | 17 | €1,834 | - | -€1,834 | |
| Financial debts | 170/4 | €1,834 | - | -€1,834 | |
| Amounts payable within one year | 42/48 | €40,483 | €33,059 | -€7,423 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €21,891 | €1,834 | -€20,057 | -91.6% |
| Trade debts | 44 | €1,222 | €9,626 | +€8,403 | +687.5% |
| Suppliers | 440/4 | €1,222 | €9,626 | +€8,403 | +687.5% |
| Taxes, remuneration and social security | 45 | €17,165 | €21,463 | +€4,298 | +25.0% |
| Taxes | 450/3 | €14,665 | €21,463 | +€6,798 | +46.4% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €204 | €136 | -€67 | -33.1% |
| Non-recurring operating income | 76A | €2,157 | - | -€2,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,204 | €16,838 | +€1,634 | +10.7% |
| Other operating charges | 640/8 | €6,124 | €1,255 | -€4,869 | -79.5% |
| Gross operating margin | 9900 | €48,879 | €46,682 | -€2,198 | -4.5% |
| Operating profit (loss) | 9901 | €27,551 | €28,589 | +€1,038 | +3.8% |
| Financial income | 75/76B | €60 | €20 | -€40 | -67.1% |
| Recurring financial income | 75 | €60 | €20 | -€40 | -67.1% |
| Financial charges | 65/66B | €8,358 | €9,594 | +€1,236 | +14.8% |
| Recurring financial charges | 65 | €8,358 | €9,594 | +€1,236 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €19,253 | €19,014 | -€239 | -1.2% |
| Income taxes | 67/77 | €4,999 | €5,158 | +€159 | +3.2% |
| Profit (loss) for the period | 9904 | €14,254 | €13,856 | -€398 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,254 | €13,856 | -€398 | -2.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.