IMPERAM: 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.
IMPERAM
Largest movements
- Tangible fixed assets -€85,697
down €85,697 (-22.3%), from €384,564 to €298,867
- Receivables within one year +€23,551
up €23,551 (+8.6%), from €275,190 to €298,741
of which Trade receivables: +€39,506
- Cash -€13,374
down €13,374 (-37.3%), from €35,835 to €22,461
mainly Contributions, distributions and other (-€115,975) and Debts after one year (-€42,879)
- Other debts +€99,900
up €99,900 (+447.3%), from €22,333 to €122,233
- Reserves -€74,792
down €74,792 (-25.1%), from €298,014 to €223,222
- Debts after one year -€42,879
down €42,879 (-36.2%), from €118,306 to €75,427
- Short-term financial debts -€30,000
down €30,000 (-35.3%), from €85,000 to €55,000
- Trade debts -€15,249
down €15,249 (-9.5%), from €160,424 to €145,175
- Staff costs -€32,919
down €32,919 (-15.3%), from €214,688 to €181,768
- Write-downs -€21,920
down €21,920 (-100.0%), from €21,920 to €0
- Gross operating margin +€10,437
up €10,437 (+3.1%), from €341,704 to €352,141
- Taxes +€7,896
up €7,896 (+497.7%), from €1,587 to €9,483
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 | €782,572 | €703,622 | -€78,950 | -10.1% |
| Fixed assets | 21/28 | €399,564 | €313,867 | -€85,697 | -21.4% |
| Tangible fixed assets | 22/27 | €384,564 | €298,867 | -€85,697 | -22.3% |
| Land and buildings | 22 | €17,349 | €6,563 | -€10,786 | -62.2% |
| Plant, machinery and equipment | 23 | €138,508 | €103,040 | -€35,468 | -25.6% |
| Furniture and vehicles | 24 | €32,664 | €13,768 | -€18,896 | -57.8% |
| Other tangible fixed assets | 26 | €196,043 | €175,496 | -€20,547 | -10.5% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €383,008 | €389,755 | +€6,747 | +1.8% |
| Amounts receivable after more than one year | 29 | €20,453 | €21,593 | +€1,139 | +5.6% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €20,453 | €21,593 | +€1,139 | +5.6% |
| Stocks and contracts in progress | 3 | €42,388 | €37,510 | -€4,878 | -11.5% |
| Stocks | 30/36 | €42,388 | €37,510 | -€4,878 | -11.5% |
| Amounts receivable within one year | 40/41 | €275,190 | €298,741 | +€23,551 | +8.6% |
| Trade receivables | 40 | €83,006 | €122,511 | +€39,506 | +47.6% |
| Other amounts receivable | 41 | €192,184 | €176,230 | -€15,955 | -8.3% |
| Cash at bank and in hand | 54/58 | €35,835 | €22,461 | -€13,374 | -37.3% |
| Deferred charges and accrued income | 490/1 | €9,141 | €9,450 | +€309 | +3.4% |
| Total equity and liabilities | 10/49 | €782,572 | €703,622 | -€78,950 | -10.1% |
| Equity | 10/15 | €293,904 | €229,422 | -€64,482 | -21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €298,014 | €223,222 | -€74,792 | -25.1% |
| Distributable reserves | 133 | €298,014 | €223,222 | -€74,792 | -25.1% |
| Profit (loss) carried forward | 14 | -€10,309 | €0 | +€10,309 | |
| Amounts payable | 17/49 | €488,667 | €474,200 | -€14,467 | -3.0% |
| Amounts payable after more than one year | 17 | €118,306 | €75,427 | -€42,879 | -36.2% |
| Financial debts | 170/4 | €118,306 | €75,427 | -€42,879 | -36.2% |
| Amounts payable within one year | 42/48 | €368,515 | €398,773 | +€30,258 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €57,736 | €42,879 | -€14,857 | -25.7% |
| Financial debts | 43 | €85,000 | €55,000 | -€30,000 | -35.3% |
| Credit institutions | 430/8 | €85,000 | €55,000 | -€30,000 | -35.3% |
| Trade debts | 44 | €160,424 | €145,175 | -€15,249 | -9.5% |
| Suppliers | 440/4 | €160,424 | €145,175 | -€15,249 | -9.5% |
| Taxes, remuneration and social security | 45 | €43,022 | €33,486 | -€9,536 | -22.2% |
| Taxes | 450/3 | €3,906 | €2,703 | -€1,203 | -30.8% |
| Remuneration and social security | 454/9 | €39,116 | €30,783 | -€8,333 | -21.3% |
| Other amounts payable | 47/48 | €22,333 | €122,233 | +€99,900 | +447.3% |
| Accrued charges and deferred income | 492/3 | €1,846 | €0 | -€1,846 | -100.0% |
| Non-recurring operating income | 76A | €2,334 | €4,891 | +€2,557 | +109.5% |
| Remuneration, social security and pensions | 62 | €214,688 | €181,768 | -€32,919 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,387 | €91,921 | +€2,534 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,920 | €0 | -€21,920 | -100.0% |
| Other operating charges | 640/8 | €5,277 | €3,934 | -€1,343 | -25.5% |
| Non-recurring operating charges | 66A | €1,191 | €0 | -€1,191 | -100.0% |
| Gross operating margin | 9900 | €341,704 | €352,141 | +€10,437 | +3.1% |
| Operating profit (loss) | 9901 | €9,242 | €74,518 | +€65,277 | +706.3% |
| Financial income | 75/76B | €3,682 | €6,612 | +€2,930 | +79.6% |
| Recurring financial income | 75 | €3,682 | €6,612 | +€2,930 | +79.6% |
| Financial charges | 65/66B | €21,646 | €20,155 | -€1,491 | -6.9% |
| Recurring financial charges | 65 | €21,646 | €20,155 | -€1,491 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,723 | €60,975 | +€69,698 | |
| Income taxes | 67/77 | €1,587 | €9,483 | +€7,896 | +497.7% |
| Profit (loss) for the period | 9904 | -€10,309 | €51,492 | +€61,802 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,309 | €51,492 | +€61,802 |
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 3 October 2026 via checked.be.