IMPLUVIA & IGNOFOR: 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.
IMPLUVIA & IGNOFOR
Largest movements
- Cash +€89,921
up €89,921 (+128%), from €70,447 to €160,367
mainly Depreciation (+€31,319) and Net result for the year (+€18,579)
- Tangible fixed assets -€26,819
down €26,819 (-24.0%), from €111,888 to €85,069
of which Furniture and vehicles: -€30,833
- Stocks and contracts -€13,684
down €13,684 (-28.4%), from €48,199 to €34,515
- Receivables within one year -€12,658
down €12,658 (-100.0%), from €12,658 to €1
of which Trade receivables: -€12,658
- Reserves +€18,579
up €18,579 (+27.5%), from €67,603 to €86,181
- Other debts +€17,954
up €17,954 (+12.2%), from €147,559 to €165,513
- Gross operating margin +€34,795
up €34,795 (+123%), from €28,292 to €63,087
- Depreciation +€19,875
up €19,875 (+174%), from €11,444 to €31,319
- Taxes +€4,324
up €4,324 (+149%), from €2,900 to €7,223
- Financial charges +€2,189
up €2,189 (+46.3%), from €4,723 to €6,911
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 | €243,192 | €279,952 | +€36,760 | +15.1% |
| Fixed assets | 21/28 | €111,888 | €85,069 | -€26,819 | -24.0% |
| Tangible fixed assets | 22/27 | €111,888 | €85,069 | -€26,819 | -24.0% |
| Plant, machinery and equipment | 23 | - | €4,014 | +€4,014 | |
| Furniture and vehicles | 24 | €111,888 | €81,055 | -€30,833 | -27.6% |
| Current assets | 29/58 | €131,304 | €194,883 | +€63,579 | +48.4% |
| Stocks and contracts in progress | 3 | €48,199 | €34,515 | -€13,684 | -28.4% |
| Stocks | 30/36 | €48,199 | €34,515 | -€13,684 | -28.4% |
| Amounts receivable within one year | 40/41 | €12,658 | €1 | -€12,658 | -100.0% |
| Trade receivables | 40 | €12,658 | €0 | -€12,658 | -100% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €70,447 | €160,367 | +€89,921 | +128% |
| Total equity and liabilities | 10/49 | €243,192 | €279,952 | +€36,760 | +15.1% |
| Equity | 10/15 | €83,603 | €102,181 | +€18,579 | +22.2% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €67,603 | €86,181 | +€18,579 | +27.5% |
| Distributable reserves | 133 | €67,603 | €86,181 | +€18,579 | +27.5% |
| Amounts payable | 17/49 | €159,589 | €177,771 | +€18,181 | +11.4% |
| Amounts payable within one year | 42/48 | €159,589 | €177,771 | +€18,181 | +11.4% |
| Trade debts | 44 | €229 | €266 | +€36 | +15.9% |
| Suppliers | 440/4 | €229 | €266 | +€36 | +15.9% |
| Taxes, remuneration and social security | 45 | €11,801 | €11,992 | +€191 | +1.6% |
| Taxes | 450/3 | €11,801 | €11,992 | +€191 | +1.6% |
| Other amounts payable | 47/48 | €147,559 | €165,513 | +€17,954 | +12.2% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,444 | €31,319 | +€19,875 | +174% |
| Other operating charges | 640/8 | €764 | €1,121 | +€357 | +46.8% |
| Non-recurring operating charges | 66A | €6,443 | €0 | -€6,443 | -100% |
| Gross operating margin | 9900 | €28,292 | €63,087 | +€34,795 | +123% |
| Operating profit (loss) | 9901 | €9,640 | €30,647 | +€21,006 | +218% |
| Financial income | 75/76B | €2,234 | €2,067 | -€167 | -7.5% |
| Recurring financial income | 75 | €2,234 | €2,067 | -€167 | -7.5% |
| Financial charges | 65/66B | €4,723 | €6,911 | +€2,189 | +46.3% |
| Recurring financial charges | 65 | €4,723 | €6,911 | +€2,189 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €7,152 | €25,802 | +€18,650 | +261% |
| Income taxes | 67/77 | €2,900 | €7,223 | +€4,324 | +149% |
| Profit (loss) for the period | 9904 | €4,252 | €18,579 | +€14,327 | +337% |
| Profit (loss) for the period to be appropriated | 9905 | €4,252 | €18,579 | +€14,327 | +337% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.