IMPENS: what changed
IMPENS
Largest movements
- Cash +€20,586
up €20,586 (+30.3%), from €68,048 to €88,634
mainly Net result for the year (+€36,406) and Receivables within one year (+€16,288)
- Stocks and contracts +€16,436
up €16,436 (+18.4%), from €89,222 to €105,658
- Receivables within one year -€16,288
down €16,288 (-89.9%), from €18,119 to €1,831
of which Other amounts receivable: -€10,968
- Reserves +€34,740
up €34,740 (+18.2%), from €190,661 to €225,401
- Other debts -€5,846
down €5,846 (-72.7%), from €8,042 to €2,196
- Tax, wage and social debts -€5,126
down €5,126 (-32.8%), from €15,625 to €10,498
of which Taxes: -€5,126
- Trade debts -€2,797
down €2,797 (-30.3%), from €9,218 to €6,421
- Gross operating margin +€15,683
up €15,683 (+18.6%), from €84,307 to €99,989
- Taxes +€6,004
up €6,004 (+53.1%), from €11,301 to €17,306
- Depreciation -€3,716
down €3,716 (-40.2%), from €9,241 to €5,525
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,563 | €263,108 | +€20,545 | +8.5% |
| Fixed assets | 21/28 | €62,616 | €61,838 | -€778 | -1.2% |
| Tangible fixed assets | 22/27 | €61,996 | €61,218 | -€778 | -1.3% |
| Land and buildings | 22 | €57,891 | €54,670 | -€3,221 | -5.6% |
| Plant, machinery and equipment | 23 | €2,674 | €4,053 | +€1,379 | +51.6% |
| Furniture and vehicles | 24 | €1,431 | €2,495 | +€1,064 | +74.3% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €179,948 | €201,270 | +€21,323 | +11.8% |
| Stocks and contracts in progress | 3 | €89,222 | €105,658 | +€16,436 | +18.4% |
| Stocks | 30/36 | €89,222 | €105,658 | +€16,436 | +18.4% |
| Amounts receivable within one year | 40/41 | €18,119 | €1,831 | -€16,288 | -89.9% |
| Trade receivables | 40 | €6,953 | €1,633 | -€5,320 | -76.5% |
| Other amounts receivable | 41 | €11,166 | €198 | -€10,968 | -98.2% |
| Cash at bank and in hand | 54/58 | €68,048 | €88,634 | +€20,586 | +30.3% |
| Deferred charges and accrued income | 490/1 | €4,559 | €5,148 | +€589 | +12.9% |
| Total equity and liabilities | 10/49 | €242,563 | €263,108 | +€20,545 | +8.5% |
| Equity | 10/15 | €209,253 | €243,993 | +€34,740 | +16.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €190,661 | €225,401 | +€34,740 | +18.2% |
| Distributable reserves | 133 | €190,661 | €225,401 | +€34,740 | +18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,310 | €19,115 | -€14,195 | -42.6% |
| Amounts payable within one year | 42/48 | €32,884 | €19,115 | -€13,769 | -41.9% |
| Trade debts | 44 | €9,218 | €6,421 | -€2,797 | -30.3% |
| Suppliers | 440/4 | €9,218 | €6,421 | -€2,797 | -30.3% |
| Taxes, remuneration and social security | 45 | €15,625 | €10,498 | -€5,126 | -32.8% |
| Taxes | 450/3 | €15,625 | €10,498 | -€5,126 | -32.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,042 | €2,196 | -€5,846 | -72.7% |
| Accrued charges and deferred income | 492/3 | €426 | €0 | -€426 | -100% |
| Remuneration, social security and pensions | 62 | €40,113 | €41,082 | +€969 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,241 | €5,525 | -€3,716 | -40.2% |
| Other operating charges | 640/8 | €3,360 | €3,514 | +€154 | +4.6% |
| Gross operating margin | 9900 | €84,307 | €99,989 | +€15,683 | +18.6% |
| Operating profit (loss) | 9901 | €31,593 | €49,869 | +€18,276 | +57.8% |
| Financial income | 75/76B | €5,646 | €5,998 | +€352 | +6.2% |
| Recurring financial income | 75 | €5,646 | €5,998 | +€352 | +6.2% |
| Financial charges | 65/66B | €2,318 | €2,155 | -€162 | -7.0% |
| Recurring financial charges | 65 | €2,318 | €2,155 | -€162 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €34,921 | €53,712 | +€18,791 | +53.8% |
| Income taxes | 67/77 | €11,301 | €17,306 | +€6,004 | +53.1% |
| Profit (loss) for the period | 9904 | €23,619 | €36,406 | +€12,787 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,619 | €36,406 | +€12,787 | +54.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.