IMPERBAT: 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.
IMPERBAT
Largest movements
- Stocks and contracts +€332,909
up €332,909 (+142%), from €234,603 to €567,512
- Receivables within one year +€24,151
up €24,151 (+108%), from €22,433 to €46,584
of which Trade receivables: +€13,801
- Cash -€7,059
down €7,059 (-30.3%), from €23,322 to €16,263
mainly Stocks and contracts (-€332,909) and Receivables within one year (-€24,151)
- Short-term financial debts +€304,991
up €304,991 (+305%), from €100,000 to €404,991
- Trade debts +€33,874
up €33,874 (+219%), from €15,435 to €49,310
- Other debts +€32,101
up €32,101 (+22.6%), from €141,776 to €173,876
- Profit (loss) carried forward -€14,032
down €14,032 (-46.0%), from -€30,509 to -€44,541
- Gross operating margin +€26,051
up €26,051, from -€20,502 to €5,549
- Turnover +€18,651
up €18,651 (+355%), from €5,254 to €23,905
- Purchases and services -€5,595
down €5,595 (-20.6%), from €27,189 to €21,594
- Financial charges +€4,362
up €4,362 (+33.7%), from €12,933 to €17,294
- Staff costs -€392
down €392 (-86.9%), from €451 to €59
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.
Derived cash bridge
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 | €282,251 | €634,092 | +€351,841 | +125% |
| Fixed assets | 21/28 | €1,817 | €1,707 | -€110 | -6.1% |
| Tangible fixed assets | 22/27 | €1,647 | €1,536 | -€110 | -6.7% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,647 | €1,536 | -€110 | -6.7% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €280,433 | €632,385 | +€351,951 | +126% |
| Stocks and contracts in progress | 3 | €234,603 | €567,512 | +€332,909 | +142% |
| Stocks | 30/36 | €234,603 | €567,512 | +€332,909 | +142% |
| Amounts receivable within one year | 40/41 | €22,433 | €46,584 | +€24,151 | +108% |
| Trade receivables | 40 | €16,895 | €30,696 | +€13,801 | +81.7% |
| Other amounts receivable | 41 | €5,538 | €15,888 | +€10,350 | +187% |
| Cash at bank and in hand | 54/58 | €23,322 | €16,263 | -€7,059 | -30.3% |
| Deferred charges and accrued income | 490/1 | €75 | €2,025 | +€1,950 | +2,589% |
| Total equity and liabilities | 10/49 | €282,251 | €634,092 | +€351,841 | +125% |
| Equity | 10/15 | €19,551 | €5,519 | -€14,032 | -71.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,860 | €43,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,000 | €42,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €42,000 | €42,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,509 | -€44,541 | -€14,032 | -46.0% |
| Amounts payable | 17/49 | €262,699 | €628,572 | +€365,873 | +139% |
| Amounts payable within one year | 42/48 | €262,699 | €628,572 | +€365,873 | +139% |
| Financial debts | 43 | €100,000 | €404,991 | +€304,991 | +305% |
| Credit institutions | 430/8 | €100,000 | €404,991 | +€304,991 | +305% |
| Trade debts | 44 | €15,435 | €49,310 | +€33,874 | +219% |
| Suppliers | 440/4 | €15,435 | €49,310 | +€33,874 | +219% |
| Taxes, remuneration and social security | 45 | €5,488 | €396 | -€5,093 | -92.8% |
| Taxes | 450/3 | €5,488 | €396 | -€5,093 | -92.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €141,776 | €173,876 | +€32,101 | +22.6% |
| Turnover | 70 | €5,254 | €23,905 | +€18,651 | +355% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,189 | €21,594 | -€5,595 | -20.6% |
| Remuneration, social security and pensions | 62 | €451 | €59 | -€392 | -86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,083 | €1,802 | -€282 | -13.5% |
| Other operating charges | 640/8 | €703 | €678 | -€25 | -3.6% |
| Non-recurring operating charges | 66A | €196 | - | -€196 | |
| Gross operating margin | 9900 | -€20,502 | €5,549 | +€26,051 | |
| Operating profit (loss) | 9901 | -€23,936 | €3,010 | +€26,946 | |
| Financial income | 75/76B | €25 | €252 | +€227 | +910% |
| Recurring financial income | 75 | €25 | €252 | +€227 | +910% |
| Financial charges | 65/66B | €12,933 | €17,294 | +€4,362 | +33.7% |
| Recurring financial charges | 65 | €12,933 | €17,294 | +€4,362 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,844 | -€14,033 | +€22,812 | +61.9% |
| Income taxes | 67/77 | €7 | -€1 | -€7 | |
| Profit (loss) for the period | 9904 | -€36,851 | -€14,032 | +€22,819 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,851 | -€14,032 | +€22,819 | +61.9% |
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 28 October 2026 via checked.be.