IMPERFECT: 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.
IMPERFECT
Largest movements
- Cash +€18,523
up €18,523 (+196.0%), from €9,452 to €27,974
mainly Receivables within one year (+€10,660) and Depreciation (+€8,904)
- Receivables within one year -€10,660
down €10,660 (-57.7%), from €18,491 to €7,830
of which Trade receivables: -€7,855
- Intangible fixed assets -€4,004
down €4,004 (-14.8%), from €27,060 to €23,056
- Tangible fixed assets -€676
down €676 (-33.6%), from €2,009 to €1,333
- Trade debts +€3,863
up €3,863 (+307.4%), from €1,257 to €5,119
- Tax, wage and social debts -€1,337
down €1,337 (-30.5%), from €4,383 to €3,046
- Profit (loss) carried forward +€979
up €979, from -€925 to €54
- Gross operating margin +€2,055
up €2,055 (+18.9%), from €10,854 to €12,910
- Taxes +€499
up €499 (+55.7%), from €897 to €1,396
- Depreciation +€229
up €229 (+2.6%), from €8,676 to €8,904
- Financial charges +€142
up €142 (+126.5%), from €112 to €255
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 | €57,011 | €60,319 | +€3,308 | +5.8% |
| Fixed assets | 21/28 | €29,069 | €24,389 | -€4,679 | -16.1% |
| Intangible fixed assets | 21 | €27,060 | €23,056 | -€4,004 | -14.8% |
| Tangible fixed assets | 22/27 | €2,009 | €1,333 | -€676 | -33.6% |
| Plant, machinery and equipment | 23 | €2,009 | €1,333 | -€676 | -33.6% |
| Current assets | 29/58 | €27,943 | €35,930 | +€7,987 | +28.6% |
| Amounts receivable within one year | 40/41 | €18,491 | €7,830 | -€10,660 | -57.7% |
| Trade receivables | 40 | €10,491 | €2,636 | -€7,855 | -74.9% |
| Other amounts receivable | 41 | €8,000 | €5,195 | -€2,805 | -35.1% |
| Cash at bank and in hand | 54/58 | €9,452 | €27,974 | +€18,523 | +196.0% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €57,011 | €60,319 | +€3,308 | +5.8% |
| Equity | 10/15 | €75 | €1,054 | +€979 | +1308.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€925 | €54 | +€979 | |
| Amounts payable | 17/49 | €56,936 | €59,265 | +€2,329 | +4.1% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,900 | €9,265 | +€2,365 | +34.3% |
| Trade debts | 44 | €1,257 | €5,119 | +€3,863 | +307.4% |
| Suppliers | 440/4 | €1,257 | €5,119 | +€3,863 | +307.4% |
| Taxes, remuneration and social security | 45 | €4,383 | €3,046 | -€1,337 | -30.5% |
| Taxes | 450/3 | €4,383 | €3,046 | -€1,337 | -30.5% |
| Other amounts payable | 47/48 | €1,260 | €1,100 | -€160 | -12.7% |
| Accrued charges and deferred income | 492/3 | €36 | - | -€36 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,676 | €8,904 | +€229 | +2.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,854 | €12,910 | +€2,055 | +18.9% |
| Operating profit (loss) | 9901 | €1,791 | €3,605 | +€1,814 | +101.3% |
| Financial income | 75/76B | - | €125 | +€125 | |
| Recurring financial income | 75 | - | €125 | +€125 | |
| Financial charges | 65/66B | €112 | €255 | +€142 | +126.5% |
| Recurring financial charges | 65 | €112 | €255 | +€142 | +126.5% |
| Profit (loss) for the period before taxes | 9903 | €1,679 | €3,476 | +€1,797 | +107.0% |
| Income taxes | 67/77 | €897 | €1,396 | +€499 | +55.7% |
| Profit (loss) for the period | 9904 | €782 | €2,079 | +€1,298 | +166.0% |
| Profit (loss) for the period to be appropriated | 9905 | €782 | €2,079 | +€1,298 | +166.0% |
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 4 October 2026 via checked.be.