IMPEXHA: 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.
IMPEXHA
Largest movements
- Cash +€27,470
up €27,470 (+71130.0%), from €39 to €27,509
mainly Investment in fixed assets (net) (+€19,517) and Receivables within one year (+€11,625)
- Tangible fixed assets -€22,131
down €22,131 (-75.1%), from €29,459 to €7,328
of which Furniture and vehicles: -€23,897
- Receivables within one year -€11,625
down €11,625 (-46.2%), from €25,185 to €13,560
of which Trade receivables: -€11,728
- Tax, wage and social debts +€7,723
up €7,723 (+213.2%), from €3,623 to €11,346
- Other debts -€7,448
down €7,448 (-24.9%), from €29,949 to €22,501
- Short-term financial debts -€4,914
no longer reported in 2025 (was €4,914)
- Reserves +€3,960
up €3,960 (+93.7%), from €4,227 to €8,187
- Current portion of long-term debt -€2,347
down €2,347 (-57.7%), from €4,065 to €1,718
- Gross operating margin +€4,248
up €4,248 (+40.1%), from €10,584 to €14,832
- Financial charges +€675
up €675 (+37.7%), from €1,792 to €2,467
- Depreciation -€671
down €671 (-20.4%), from €3,285 to €2,614
- Taxes +€589
up €589 (+16.3%), from €3,623 to €4,212
- Other operating charges +€168
up €168 (+29.2%), from €576 to €745
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 | €55,639 | €49,224 | -€6,415 | -11.5% |
| Fixed assets | 21/28 | €29,459 | €7,328 | -€22,131 | -75.1% |
| Tangible fixed assets | 22/27 | €29,459 | €7,328 | -€22,131 | -75.1% |
| Plant, machinery and equipment | 23 | - | €1,766 | +€1,766 | |
| Furniture and vehicles | 24 | €29,459 | €5,562 | -€23,897 | -81.1% |
| Current assets | 29/58 | €26,180 | €41,896 | +€15,717 | +60.0% |
| Amounts receivable within one year | 40/41 | €25,185 | €13,560 | -€11,625 | -46.2% |
| Trade receivables | 40 | €25,000 | €13,272 | -€11,728 | -46.9% |
| Other amounts receivable | 41 | €185 | €288 | +€103 | +55.7% |
| Cash at bank and in hand | 54/58 | €39 | €27,509 | +€27,470 | +71130.0% |
| Deferred charges and accrued income | 490/1 | €957 | €828 | -€129 | -13.5% |
| Total equity and liabilities | 10/49 | €55,639 | €49,224 | -€6,415 | -11.5% |
| Equity | 10/15 | €4,527 | €8,487 | +€3,960 | +87.5% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €4,227 | €8,187 | +€3,960 | +93.7% |
| Distributable reserves | 133 | €4,227 | €8,187 | +€3,960 | +93.7% |
| Amounts payable | 17/49 | €51,112 | €40,738 | -€10,375 | -20.3% |
| Amounts payable after more than one year | 17 | €1,718 | - | -€1,718 | |
| Financial debts | 170/4 | €1,718 | - | -€1,718 | |
| Amounts payable within one year | 42/48 | €49,395 | €40,738 | -€8,657 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €4,065 | €1,718 | -€2,347 | -57.7% |
| Financial debts | 43 | €4,914 | - | -€4,914 | |
| Credit institutions | 430/8 | €4,914 | - | -€4,914 | |
| Trade debts | 44 | €6,844 | €5,172 | -€1,671 | -24.4% |
| Suppliers | 440/4 | €6,844 | €5,172 | -€1,671 | -24.4% |
| Taxes, remuneration and social security | 45 | €3,623 | €11,346 | +€7,723 | +213.2% |
| Taxes | 450/3 | €3,623 | €11,346 | +€7,723 | +213.2% |
| Other amounts payable | 47/48 | €29,949 | €22,501 | -€7,448 | -24.9% |
| Non-recurring operating income | 76A | - | €11,476 | +€11,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,285 | €2,614 | -€671 | -20.4% |
| Other operating charges | 640/8 | €576 | €745 | +€168 | +29.2% |
| Gross operating margin | 9900 | €10,584 | €14,832 | +€4,248 | +40.1% |
| Operating profit (loss) | 9901 | €6,722 | €11,473 | +€4,751 | +70.7% |
| Financial charges | 65/66B | €1,792 | €2,467 | +€675 | +37.7% |
| Recurring financial charges | 65 | €1,792 | €2,467 | +€675 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €4,930 | €9,006 | +€4,076 | +82.7% |
| Income taxes | 67/77 | €3,623 | €4,212 | +€589 | +16.3% |
| Profit (loss) for the period | 9904 | €1,306 | €4,793 | +€3,487 | +266.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,306 | €4,793 | +€3,487 | +266.9% |
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 11 October 2026 via checked.be.