IMPEX EUROPE: 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.
IMPEX EUROPE
Largest movements
- Cash +€154,218
up €154,218 (+60.6%), from €254,283 to €408,501
mainly Net result for the year (+€48,259) and Depreciation (+€34,229)
- Tangible fixed assets -€39,706
down €39,706 (-14.9%), from €265,622 to €225,916
of which Land and buildings: -€22,037
- Stocks and contracts -€30,342
down €30,342 (-55.0%), from €55,200 to €24,858
- Receivables within one year -€13,989
down €13,989 (-59.0%), from €23,713 to €9,725
of which Trade receivables: -€13,276
- Debts after one year -€52,526
down €52,526 (-12.3%), from €425,969 to €373,443
- Profit (loss) carried forward +€48,259
up €48,259 (+83.3%), from -€57,962 to -€9,703
- Current portion of long-term debt +€28,861
up €28,861 (+66.1%), from €43,665 to €72,526
- Other debts +€15,682
up €15,682 (+241%), from €6,508 to €22,189
- Trade debts +€13,299
up €13,299 (+56.2%), from €23,684 to €36,983
- Staff costs -€63,903
down €63,903 (-59.5%), from €107,455 to €43,552
- Gross operating margin -€5,390
down €5,390 (-2.9%), from €186,229 to €180,839
- Depreciation -€5,343
down €5,343 (-13.5%), from €39,572 to €34,229
- Other operating charges -€4,218
down €4,218 (-38.5%), from €10,953 to €6,736
- Taxes -€3,273
down €3,273 (-12.5%), from €26,151 to €22,878
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 | €611,711 | €678,690 | +€66,980 | +10.9% |
| Fixed assets | 21/28 | €274,614 | €233,408 | -€41,206 | -15.0% |
| Intangible fixed assets | 21 | €8,992 | €7,492 | -€1,500 | -16.7% |
| Tangible fixed assets | 22/27 | €265,622 | €225,916 | -€39,706 | -14.9% |
| Land and buildings | 22 | €218,615 | €196,578 | -€22,037 | -10.1% |
| Plant, machinery and equipment | 23 | €20,963 | €10,828 | -€10,135 | -48.3% |
| Furniture and vehicles | 24 | €26,044 | €18,510 | -€7,534 | -28.9% |
| Current assets | 29/58 | €337,097 | €445,282 | +€108,185 | +32.1% |
| Stocks and contracts in progress | 3 | €55,200 | €24,858 | -€30,342 | -55.0% |
| Stocks | 30/36 | €55,200 | €24,858 | -€30,342 | -55.0% |
| Amounts receivable within one year | 40/41 | €23,713 | €9,725 | -€13,989 | -59.0% |
| Trade receivables | 40 | €18,501 | €5,225 | -€13,276 | -71.8% |
| Other amounts receivable | 41 | €5,213 | €4,500 | -€713 | -13.7% |
| Cash at bank and in hand | 54/58 | €254,283 | €408,501 | +€154,218 | +60.6% |
| Deferred charges and accrued income | 490/1 | €3,900 | €2,198 | -€1,702 | -43.6% |
| Total equity and liabilities | 10/49 | €611,711 | €678,690 | +€66,980 | +10.9% |
| Equity | 10/15 | €80,175 | €128,434 | +€48,259 | +60.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,537 | €119,537 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €117,677 | €117,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,962 | -€9,703 | +€48,259 | +83.3% |
| Amounts payable | 17/49 | €531,536 | €550,256 | +€18,720 | +3.5% |
| Amounts payable after more than one year | 17 | €425,969 | €373,443 | -€52,526 | -12.3% |
| Financial debts | 170/4 | €425,969 | €373,443 | -€52,526 | -12.3% |
| Amounts payable within one year | 42/48 | €105,567 | €176,813 | +€71,246 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €43,665 | €72,526 | +€28,861 | +66.1% |
| Financial debts | 43 | €0 | €269 | +€269 | |
| Credit institutions | 430/8 | €0 | €269 | +€269 | |
| Trade debts | 44 | €23,684 | €36,983 | +€13,299 | +56.2% |
| Suppliers | 440/4 | €23,684 | €36,983 | +€13,299 | +56.2% |
| Taxes, remuneration and social security | 45 | €31,711 | €44,846 | +€13,135 | +41.4% |
| Taxes | 450/3 | €30,655 | €44,846 | +€14,191 | +46.3% |
| Remuneration and social security | 454/9 | €1,056 | €0 | -€1,056 | -100% |
| Other amounts payable | 47/48 | €6,508 | €22,189 | +€15,682 | +241% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €107,455 | €43,552 | -€63,903 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,572 | €34,229 | -€5,343 | -13.5% |
| Other operating charges | 640/8 | €10,953 | €6,736 | -€4,218 | -38.5% |
| Non-recurring operating charges | 66A | - | €8,901 | +€8,901 | |
| Gross operating margin | 9900 | €186,229 | €180,839 | -€5,390 | -2.9% |
| Operating profit (loss) | 9901 | €28,249 | €87,421 | +€59,172 | +209% |
| Financial income | 75/76B | €149 | €871 | +€722 | +485% |
| Recurring financial income | 75 | €149 | €871 | +€722 | +485% |
| Financial charges | 65/66B | €19,452 | €17,154 | -€2,298 | -11.8% |
| Recurring financial charges | 65 | €19,452 | €17,154 | -€2,298 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €8,945 | €71,137 | +€62,192 | +695% |
| Income taxes | 67/77 | €26,151 | €22,878 | -€3,273 | -12.5% |
| Profit (loss) for the period | 9904 | -€17,206 | €48,259 | +€65,465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,206 | €48,259 | +€65,465 |
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 22 October 2026 via checked.be.