IMPERCO: 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.
IMPERCO
Largest movements
- Cash +€81,141
up €81,141 (+15.0%), from €539,438 to €620,579
mainly Receivables within one year (+€60,886) and Depreciation (+€37,873)
- Receivables within one year -€60,886
down €60,886 (-97.4%), from €62,519 to €1,633
of which Trade receivables: -€48,400
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€16,666
down €16,666 (-23.6%), from €70,485 to €53,819
- Financial income +€8,570
up €8,570 (+24,403%), from €35 to €8,606
- Provisions -€6,510
new in 2025: -€6,510
- Taxes +€2,700
up €2,700 (+57.5%), from €4,691 to €7,391
- Financial charges +€1,032
up €1,032 (+1,596%), from €65 to €1,097
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 | €1,853,772 | €1,867,229 | +€13,457 | +0.7% |
| Fixed assets | 21/28 | €1,251,816 | €1,245,017 | -€6,799 | -0.5% |
| Tangible fixed assets | 22/27 | €764,600 | €757,288 | -€7,312 | -1.0% |
| Land and buildings | 22 | €764,600 | €727,493 | -€37,107 | -4.9% |
| Furniture and vehicles | 24 | - | €29,795 | +€29,795 | |
| Financial fixed assets | 28 | €487,216 | €487,729 | +€514 | +0.1% |
| Current assets | 29/58 | €601,957 | €622,212 | +€20,256 | +3.4% |
| Amounts receivable within one year | 40/41 | €62,519 | €1,633 | -€60,886 | -97.4% |
| Trade receivables | 40 | €48,400 | €0 | -€48,400 | -100% |
| Other amounts receivable | 41 | €14,119 | €1,633 | -€12,486 | -88.4% |
| Cash at bank and in hand | 54/58 | €539,438 | €620,579 | +€81,141 | +15.0% |
| Total equity and liabilities | 10/49 | €1,853,772 | €1,867,229 | +€13,457 | +0.7% |
| Equity | 10/15 | €1,747,314 | €1,757,549 | +€10,235 | +0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,685,314 | €1,695,549 | +€10,235 | +0.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,792 | €50,792 | = | 0.0% |
| Distributable reserves | 133 | €1,628,322 | €1,638,557 | +€10,235 | +0.6% |
| Provisions and deferred taxes | 16 | €60,012 | €53,503 | -€6,510 | -10.8% |
| Provisions for liabilities and charges | 160/5 | €60,012 | €53,503 | -€6,510 | -10.8% |
| Major repairs and maintenance | 162 | €60,012 | €53,503 | -€6,510 | -10.8% |
| Amounts payable | 17/49 | €46,446 | €56,177 | +€9,731 | +21.0% |
| Amounts payable within one year | 42/48 | €34,446 | €44,177 | +€9,731 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €23,555 | €24,155 | +€600 | +2.5% |
| Trade debts | 44 | €8,677 | €7,906 | -€771 | -8.9% |
| Suppliers | 440/4 | €8,677 | €7,906 | -€771 | -8.9% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €2,215 | €12,117 | +€9,902 | +447% |
| Accrued charges and deferred income | 492/3 | €11,999 | €11,999 | = | 0.0% |
| Non-recurring operating income | 76A | €6,870 | - | -€6,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,150 | €37,873 | +€723 | +1.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€6,510 | -€6,510 | |
| Other operating charges | 640/8 | €12,415 | €12,338 | -€77 | -0.6% |
| Gross operating margin | 9900 | €70,485 | €53,819 | -€16,666 | -23.6% |
| Operating profit (loss) | 9901 | €20,919 | €10,118 | -€10,802 | -51.6% |
| Financial income | 75/76B | €35 | €8,606 | +€8,570 | +24,403% |
| Recurring financial income | 75 | €35 | €8,606 | +€8,570 | +24,403% |
| Financial charges | 65/66B | €65 | €1,097 | +€1,032 | +1,596% |
| Recurring financial charges | 65 | €65 | €1,097 | +€1,032 | +1,596% |
| Profit (loss) for the period before taxes | 9903 | €20,890 | €17,626 | -€3,264 | -15.6% |
| Income taxes | 67/77 | €4,691 | €7,391 | +€2,700 | +57.5% |
| Profit (loss) for the period | 9904 | €16,198 | €10,235 | -€5,963 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,198 | €10,235 | -€5,963 | -36.8% |
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 24 October 2026 via checked.be.