IMPEXCLUSIVE: 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.
IMPEXCLUSIVE
Largest movements
- Receivables within one year +€9,656
up €9,656 (+900.3%), from €1,072 to €10,728
of which Trade receivables: +€7,560
- Cash +€6,220
up €6,220 (+440.7%), from €1,411 to €7,631
mainly Net result for the year (+€11,862) and Trade debts (+€5,918)
- Tangible fixed assets -€3,471
down €3,471 (-16.4%), from €21,174 to €17,703
of which Furniture and vehicles: -€2,671
- Profit (loss) carried forward +€11,862
up €11,862 (+85.8%), from -€13,824 to -€1,962
- Trade debts +€5,918
up €5,918 (+44631.8%), from €13 to €5,931
- Tax, wage and social debts -€3,440
down €3,440 (-11.7%), from €29,342 to €25,901
of which Remuneration and social security: -€11,316
- Other debts -€2,192
down €2,192 (-92.4%), from €2,373 to €181
- Turnover +€34,013
up €34,013 (+42.5%), from €79,974 to €113,987
- Purchases and services +€23,689
up €23,689 (+35.8%), from €66,099 to €89,788
- Gross operating margin +€13,189
up €13,189 (+59.9%), from €22,026 to €35,215
- Staff costs -€11,270
down €11,270 (-41.1%), from €27,399 to €16,129
- Taxes +€2,565
up €2,565, from -€68 to €2,497
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 | €36,503 | €48,651 | +€12,148 | +33.3% |
| Fixed assets | 21/28 | €32,010 | €28,539 | -€3,471 | -10.8% |
| Tangible fixed assets | 22/27 | €21,174 | €17,703 | -€3,471 | -16.4% |
| Furniture and vehicles | 24 | €14,174 | €11,503 | -€2,671 | -18.8% |
| Other tangible fixed assets | 26 | €7,000 | €6,200 | -€800 | -11.4% |
| Financial fixed assets | 28 | €10,836 | €10,836 | = | 0.0% |
| Current assets | 29/58 | €4,493 | €20,112 | +€15,619 | +347.6% |
| Amounts receivable within one year | 40/41 | €1,072 | €10,728 | +€9,656 | +900.3% |
| Trade receivables | 40 | €29 | €7,589 | +€7,560 | +26042.1% |
| Other amounts receivable | 41 | €1,043 | €3,139 | +€2,096 | +200.8% |
| Cash at bank and in hand | 54/58 | €1,411 | €7,631 | +€6,220 | +440.7% |
| Deferred charges and accrued income | 490/1 | €2,010 | €1,753 | -€257 | -12.8% |
| Total equity and liabilities | 10/49 | €36,503 | €48,651 | +€12,148 | +33.3% |
| Equity | 10/15 | €4,776 | €16,638 | +€11,862 | +248.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,824 | -€1,962 | +€11,862 | +85.8% |
| Amounts payable | 17/49 | €31,727 | €32,013 | +€286 | +0.9% |
| Amounts payable within one year | 42/48 | €31,727 | €32,013 | +€286 | +0.9% |
| Trade debts | 44 | €13 | €5,931 | +€5,918 | +44631.8% |
| Suppliers | 440/4 | €13 | €5,931 | +€5,918 | +44631.8% |
| Taxes, remuneration and social security | 45 | €29,342 | €25,901 | -€3,440 | -11.7% |
| Taxes | 450/3 | €2,691 | €10,567 | +€7,876 | +292.7% |
| Remuneration and social security | 454/9 | €26,651 | €15,334 | -€11,316 | -42.5% |
| Other amounts payable | 47/48 | €2,373 | €181 | -€2,192 | -92.4% |
| Turnover | 70 | €79,974 | €113,987 | +€34,013 | +42.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €66,099 | €89,788 | +€23,689 | +35.8% |
| Remuneration, social security and pensions | 62 | €27,399 | €16,129 | -€11,270 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,825 | €2,926 | -€899 | -23.5% |
| Other operating charges | 640/8 | €2,495 | €1,599 | -€896 | -35.9% |
| Gross operating margin | 9900 | €22,026 | €35,215 | +€13,189 | +59.9% |
| Operating profit (loss) | 9901 | -€11,693 | €14,562 | +€26,255 | |
| Financial charges | 65/66B | €120 | €203 | +€83 | +69.0% |
| Recurring financial charges | 65 | €120 | €203 | +€83 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,813 | €14,359 | +€26,172 | |
| Income taxes | 67/77 | -€68 | €2,497 | +€2,565 | |
| Profit (loss) for the period | 9904 | -€11,745 | €11,862 | +€23,607 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,745 | €11,862 | +€23,607 |
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 1 October 2026 via checked.be.