IMPLS: what changed
IMPLS
Largest movements
- Tangible fixed assets +€124,474
up €124,474 (+642%), from €19,391 to €143,866
of which Plant, machinery and equipment: +€126,472
- Receivables within one year +€51,580
up €51,580 (+63.5%), from €81,176 to €132,756
of which Trade receivables: +€48,486
- Cash -€19,086
down €19,086 (-100.0%), from €19,093 to €7
mainly Investment in fixed assets (net) (-€158,754) and Receivables within one year (-€51,580)
- Financial fixed assets +€12,204
new in 2025: €12,204
- Stocks and contracts +€11,010
up €11,010 (+26.3%), from €41,800 to €52,810
- Other debts +€119,621
up €119,621 (+3,702%), from €3,231 to €122,852
- Short-term financial debts +€68,168
new in 2025: €68,168
- Accrued charges and deferred income +€42,671
up €42,671 (+593%), from €7,200 to €49,871
- Profit (loss) carried forward -€41,541
down €41,541 (-32.6%), from -€127,596 to -€169,137
- Trade debts +€20,354
up €20,354 (+34.0%), from €59,827 to €80,182
- Gross operating margin +€84,611
up €84,611 (+2,142%), from €3,950 to €88,561
- Staff costs +€14,429
up €14,429 (+17.2%), from €83,718 to €98,147
- Depreciation +€14,276
up €14,276 (+126%), from €11,300 to €25,576
- Other operating charges +€2,661
up €2,661 (+571%), from €466 to €3,127
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 | €190,376 | €367,982 | +€177,606 | +93.3% |
| Fixed assets | 21/28 | €47,387 | €180,565 | +€133,178 | +281% |
| Intangible fixed assets | 21 | €27,996 | €24,496 | -€3,500 | -12.5% |
| Tangible fixed assets | 22/27 | €19,391 | €143,866 | +€124,474 | +642% |
| Plant, machinery and equipment | 23 | €17,393 | €143,866 | +€126,472 | +727% |
| Furniture and vehicles | 24 | €1,998 | €0 | -€1,998 | -100% |
| Financial fixed assets | 28 | - | €12,204 | +€12,204 | |
| Current assets | 29/58 | €142,989 | €187,416 | +€44,427 | +31.1% |
| Stocks and contracts in progress | 3 | €41,800 | €52,810 | +€11,010 | +26.3% |
| Stocks | 30/36 | €41,800 | €52,810 | +€11,010 | +26.3% |
| Amounts receivable within one year | 40/41 | €81,176 | €132,756 | +€51,580 | +63.5% |
| Trade receivables | 40 | €78,981 | €127,467 | +€48,486 | +61.4% |
| Other amounts receivable | 41 | €2,195 | €5,289 | +€3,094 | +141% |
| Cash at bank and in hand | 54/58 | €19,093 | €7 | -€19,086 | -100.0% |
| Deferred charges and accrued income | 490/1 | €920 | €1,844 | +€924 | +100% |
| Total equity and liabilities | 10/49 | €190,376 | €367,982 | +€177,606 | +93.3% |
| Equity | 10/15 | €22,404 | -€19,137 | -€41,541 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,596 | -€169,137 | -€41,541 | -32.6% |
| Amounts payable | 17/49 | €167,973 | €387,119 | +€219,147 | +130% |
| Amounts payable after more than one year | 17 | €25,431 | €7,554 | -€17,877 | -70.3% |
| Financial debts | 170/4 | €25,431 | €7,554 | -€17,877 | -70.3% |
| Amounts payable within one year | 42/48 | €135,342 | €329,695 | +€194,353 | +144% |
| Current portion of amounts payable after more than one year | 42 | €45,564 | €42,877 | -€2,687 | -5.9% |
| Financial debts | 43 | - | €68,168 | +€68,168 | |
| Credit institutions | 430/8 | - | €68,168 | +€68,168 | |
| Trade debts | 44 | €59,827 | €80,182 | +€20,354 | +34.0% |
| Suppliers | 440/4 | €59,827 | €80,182 | +€20,354 | +34.0% |
| Taxes, remuneration and social security | 45 | €26,720 | €15,616 | -€11,104 | -41.6% |
| Taxes | 450/3 | €13,017 | €0 | -€13,017 | -100% |
| Remuneration and social security | 454/9 | €13,703 | €15,616 | +€1,913 | +14.0% |
| Other amounts payable | 47/48 | €3,231 | €122,852 | +€119,621 | +3,702% |
| Accrued charges and deferred income | 492/3 | €7,200 | €49,871 | +€42,671 | +593% |
| Remuneration, social security and pensions | 62 | €83,718 | €98,147 | +€14,429 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,300 | €25,576 | +€14,276 | +126% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €466 | €3,127 | +€2,661 | +571% |
| Gross operating margin | 9900 | €3,950 | €88,561 | +€84,611 | +2,142% |
| Operating profit (loss) | 9901 | -€91,534 | -€38,288 | +€53,245 | +58.2% |
| Financial income | 75/76B | €583 | €86 | -€498 | -85.3% |
| Recurring financial income | 75 | €583 | €86 | -€498 | -85.3% |
| Financial charges | 65/66B | €3,171 | €3,338 | +€167 | +5.3% |
| Recurring financial charges | 65 | €3,171 | €3,338 | +€167 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€94,121 | -€41,541 | +€52,580 | +55.9% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€94,121 | -€41,541 | +€52,580 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,121 | -€41,541 | +€52,580 | +55.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.