IMPEX INVEST: what changed
IMPEX INVEST
Largest movements
- Receivables within one year -€148,500
down €148,500 (-55.9%), from €265,889 to €117,389
of which Other amounts receivable: -€148,500
- Tangible fixed assets -€17,212
down €17,212 (-5.8%), from €296,899 to €279,687
of which Land and buildings: -€16,021
- Other debts -€134,500
down €134,500 (-88.9%), from €151,219 to €16,719
- Debts after one year -€32,388
down €32,388 (-63.2%), from €51,281 to €18,893
- Reserves +€25,000
up €25,000 (+10.5%), from €238,234 to €263,234
of which Distributable reserves: +€25,000
- Profit (loss) carried forward -€10,401
down €10,401 (-48.0%), from €21,686 to €11,286
- Trade debts -€6,751
down €6,751 (-90.4%), from €7,467 to €717
- Gross operating margin -€36,460
down €36,460 (-42.4%), from €86,028 to €49,568
- Other operating charges -€19,260
down €19,260 (-62.2%), from €30,973 to €11,713
- Taxes -€4,262
down €4,262 (-48.5%), from €8,785 to €4,523
- Depreciation -€3,472
down €3,472 (-16.8%), from €20,684 to €17,212
- Financial charges -€913
down €913 (-37.5%), from €2,433 to €1,520
of which Financial charges: -€623
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 | €566,433 | €405,621 | -€160,813 | -28.4% |
| Fixed assets | 21/28 | €296,899 | €279,687 | -€17,212 | -5.8% |
| Tangible fixed assets | 22/27 | €296,899 | €279,687 | -€17,212 | -5.8% |
| Land and buildings | 22 | €293,236 | €277,215 | -€16,021 | -5.5% |
| Plant, machinery and equipment | 23 | €384 | €39 | -€345 | -89.9% |
| Furniture and vehicles | 24 | €3,279 | €2,433 | -€846 | -25.8% |
| Current assets | 29/58 | €269,534 | €125,933 | -€143,601 | -53.3% |
| Amounts receivable within one year | 40/41 | €265,889 | €117,389 | -€148,500 | -55.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €265,889 | €117,389 | -€148,500 | -55.9% |
| Cash at bank and in hand | 54/58 | €3,645 | €8,544 | +€4,899 | +134% |
| Total equity and liabilities | 10/49 | €566,433 | €405,621 | -€160,813 | -28.4% |
| Equity | 10/15 | €319,555 | €334,154 | +€14,599 | +4.6% |
| Contributions | 10/11 | €59,635 | €59,635 | = | 0.0% |
| Reserves | 13 | €238,234 | €263,234 | +€25,000 | +10.5% |
| Non-distributable reserves | 130/1 | €320 | €320 | = | 0.0% |
| Reserves not available under the articles | 1311 | €320 | €320 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,913 | €12,913 | = | 0.0% |
| Distributable reserves | 133 | €225,000 | €250,000 | +€25,000 | +11.1% |
| Profit (loss) carried forward | 14 | €21,686 | €11,286 | -€10,401 | -48.0% |
| Amounts payable | 17/49 | €246,879 | €71,466 | -€175,412 | -71.1% |
| Amounts payable after more than one year | 17 | €51,281 | €18,893 | -€32,388 | -63.2% |
| Financial debts | 170/4 | €51,281 | €18,893 | -€32,388 | -63.2% |
| Amounts payable within one year | 42/48 | €195,597 | €52,573 | -€143,024 | -73.1% |
| Current portion of amounts payable after more than one year | 42 | €32,388 | €32,388 | = | 0.0% |
| Trade debts | 44 | €7,467 | €717 | -€6,751 | -90.4% |
| Suppliers | 440/4 | €7,467 | €717 | -€6,751 | -90.4% |
| Taxes, remuneration and social security | 45 | €4,523 | €2,749 | -€1,773 | -39.2% |
| Taxes | 450/3 | €4,523 | €2,749 | -€1,773 | -39.2% |
| Other amounts payable | 47/48 | €151,219 | €16,719 | -€134,500 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,684 | €17,212 | -€3,472 | -16.8% |
| Other operating charges | 640/8 | €30,973 | €11,713 | -€19,260 | -62.2% |
| Gross operating margin | 9900 | €86,028 | €49,568 | -€36,460 | -42.4% |
| Operating profit (loss) | 9901 | €34,371 | €20,643 | -€13,729 | -39.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,433 | €1,520 | -€913 | -37.5% |
| Recurring financial charges | 65 | €2,143 | €1,520 | -€623 | -29.1% |
| Non-recurring financial charges | 66B | €290 | €0 | -€290 | -100% |
| Profit (loss) for the period before taxes | 9903 | €31,938 | €19,123 | -€12,816 | -40.1% |
| Income taxes | 67/77 | €8,785 | €4,523 | -€4,262 | -48.5% |
| Profit (loss) for the period | 9904 | €23,154 | €14,599 | -€8,554 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,154 | €14,599 | -€8,554 | -36.9% |
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 3 November 2026 via checked.be.