IMPETUS ACADEMY: what changed
IMPETUS ACADEMY
Largest movements
- Cash +€103,974
up €103,974 (+107%), from €97,540 to €201,515
mainly Depreciation (+€118,537) and Other debts (+€62,520)
- Receivables within one year -€32,273
down €32,273 (-19.5%), from €165,595 to €133,323
of which Other amounts receivable: -€18,632
- Intangible fixed assets -€26,763
down €26,763 (-10.9%), from €246,576 to €219,813
- Deferred charges and accrued income -€6,975
down €6,975 (-77.9%), from €8,958 to €1,984
- Short-term financial debts -€67,300
down €67,300 (-97.2%), from €69,266 to €1,966
of which Credit institutions: -€40,582
- Other debts +€62,520
up €62,520 (+2,532%), from €2,469 to €64,989
- Current portion of long-term debt +€22,526
up €22,526 (+494%), from €4,557 to €27,083
- Trade debts +€18,592
up €18,592 (+18.1%), from €102,500 to €121,092
- Tax, wage and social debts -€14,181
down €14,181 (-25.0%), from €56,694 to €42,514
of which Remuneration and social security: -€9,615
- Gross operating margin -€254,198
down €254,198 (-49.5%), from €513,331 to €259,133
- Staff costs -€239,932
down €239,932 (-68.9%), from €348,329 to €108,397
- Taxes -€10,954
down €10,954 (-60.3%), from €18,180 to €7,226
- Depreciation +€6,087
up €6,087 (+5.4%), from €112,450 to €118,537
- Financial charges -€5,569
down €5,569 (-44.6%), from €12,485 to €6,916
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 | €538,270 | €572,307 | +€34,037 | +6.3% |
| Fixed assets | 21/28 | €266,176 | €235,486 | -€30,690 | -11.5% |
| Intangible fixed assets | 21 | €246,576 | €219,813 | -€26,763 | -10.9% |
| Tangible fixed assets | 22/27 | €14,650 | €10,724 | -€3,927 | -26.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,444 | €383 | -€2,062 | -84.4% |
| Other tangible fixed assets | 26 | €12,206 | €10,341 | -€1,865 | -15.3% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €272,094 | €336,821 | +€64,727 | +23.8% |
| Amounts receivable within one year | 40/41 | €165,595 | €133,323 | -€32,273 | -19.5% |
| Trade receivables | 40 | €127,080 | €113,439 | -€13,641 | -10.7% |
| Other amounts receivable | 41 | €38,516 | €19,884 | -€18,632 | -48.4% |
| Cash at bank and in hand | 54/58 | €97,540 | €201,515 | +€103,974 | +107% |
| Deferred charges and accrued income | 490/1 | €8,958 | €1,984 | -€6,975 | -77.9% |
| Total equity and liabilities | 10/49 | €538,270 | €572,307 | +€34,037 | +6.3% |
| Equity | 10/15 | €263,392 | €274,765 | +€11,373 | +4.3% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €253,192 | €264,565 | +€11,373 | +4.5% |
| Distributable reserves | 133 | €253,192 | €264,565 | +€11,373 | +4.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €274,878 | €297,542 | +€22,664 | +8.2% |
| Amounts payable after more than one year | 17 | €37,500 | €39,897 | +€2,397 | +6.4% |
| Financial debts | 170/4 | €0 | €39,897 | +€39,897 | |
| Other amounts payable | 178/9 | €37,500 | €0 | -€37,500 | -100% |
| Amounts payable within one year | 42/48 | €235,487 | €257,645 | +€22,158 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €4,557 | €27,083 | +€22,526 | +494% |
| Financial debts | 43 | €69,266 | €1,966 | -€67,300 | -97.2% |
| Credit institutions | 430/8 | €42,549 | €1,966 | -€40,582 | -95.4% |
| Other loans | 439 | €26,717 | €0 | -€26,717 | -100% |
| Trade debts | 44 | €102,500 | €121,092 | +€18,592 | +18.1% |
| Suppliers | 440/4 | €102,500 | €121,092 | +€18,592 | +18.1% |
| Taxes, remuneration and social security | 45 | €56,694 | €42,514 | -€14,181 | -25.0% |
| Taxes | 450/3 | €35,526 | €30,960 | -€4,566 | -12.9% |
| Remuneration and social security | 454/9 | €21,169 | €11,554 | -€9,615 | -45.4% |
| Other amounts payable | 47/48 | €2,469 | €64,989 | +€62,520 | +2,532% |
| Accrued charges and deferred income | 492/3 | €1,891 | €0 | -€1,891 | -100% |
| Remuneration, social security and pensions | 62 | €348,329 | €108,397 | -€239,932 | -68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,450 | €118,537 | +€6,087 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,237 | €619 | -€618 | -50.0% |
| Non-recurring operating charges | 66A | €53 | €0 | -€53 | -100% |
| Gross operating margin | 9900 | €513,331 | €259,133 | -€254,198 | -49.5% |
| Operating profit (loss) | 9901 | €51,262 | €31,580 | -€19,682 | -38.4% |
| Financial income | 75/76B | €0 | €1,435 | +€1,435 | |
| Recurring financial income | 75 | €0 | €1,435 | +€1,435 | |
| Financial charges | 65/66B | €12,485 | €6,916 | -€5,569 | -44.6% |
| Recurring financial charges | 65 | €12,485 | €6,916 | -€5,569 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €38,777 | €26,099 | -€12,678 | -32.7% |
| Income taxes | 67/77 | €18,180 | €7,226 | -€10,954 | -60.3% |
| Profit (loss) for the period | 9904 | €20,597 | €18,873 | -€1,724 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,597 | €18,873 | -€1,724 | -8.4% |
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 6 November 2026 via checked.be.