IMPO: 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.
IMPO
Largest movements
- Receivables after one year +€87,535
up €87,535 (+3.5%), from €2.5m to €2.6m
- Receivables within one year -€53,168
down €53,168 (-44.2%), from €120,259 to €67,091
of which Other amounts receivable: -€52,513
- Tangible fixed assets -€45,417
down €45,417 (-4.2%), from €1.1m to €1.0m
- Debts after one year -€186,916
down €186,916 (-7.3%), from €2.6m to €2.4m
- Reserves +€148,991
up €148,991 (+25.3%), from €590,038 to €739,030
- Tax, wage and social debts +€50,000
up €50,000, from €0 to €50,000
- Other debts -€40,942
down €40,942 (-26.6%), from €154,085 to €113,143
- Financial income +€85,202
up €85,202 (+2,721%), from €3,131 to €88,333
- Financial charges +€83,772
up €83,772 (+524%), from €15,980 to €99,753
- Gross operating margin +€46,866
up €46,866 (+18.1%), from €258,904 to €305,770
- Taxes +€14,491
up €14,491 (+41.4%), from €35,000 to €49,491
- Other operating charges -€13,511
down €13,511 (-33.3%), from €40,597 to €27,086
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 | €3,712,273 | €3,704,128 | -€8,145 | -0.2% |
| Fixed assets | 21/28 | €1,071,139 | €1,025,721 | -€45,417 | -4.2% |
| Tangible fixed assets | 22/27 | €1,071,139 | €1,025,721 | -€45,417 | -4.2% |
| Land and buildings | 22 | €1,071,139 | €1,025,721 | -€45,417 | -4.2% |
| Current assets | 29/58 | €2,641,134 | €2,678,406 | +€37,272 | +1.4% |
| Amounts receivable after more than one year | 29 | €2,501,000 | €2,588,535 | +€87,535 | +3.5% |
| Other amounts receivable | 291 | €2,501,000 | €2,588,535 | +€87,535 | +3.5% |
| Amounts receivable within one year | 40/41 | €120,259 | €67,091 | -€53,168 | -44.2% |
| Trade receivables | 40 | €55,456 | €54,800 | -€656 | -1.2% |
| Other amounts receivable | 41 | €64,803 | €12,291 | -€52,513 | -81.0% |
| Cash at bank and in hand | 54/58 | €15,971 | €21,982 | +€6,012 | +37.6% |
| Deferred charges and accrued income | 490/1 | €3,905 | €798 | -€3,106 | -79.6% |
| Total equity and liabilities | 10/49 | €3,712,273 | €3,704,128 | -€8,145 | -0.2% |
| Equity | 10/15 | €791,836 | €940,828 | +€148,991 | +18.8% |
| Contributions | 10/11 | €201,798 | €201,798 | = | 0.0% |
| Reserves | 13 | €590,038 | €739,030 | +€148,991 | +25.3% |
| Distributable reserves | 133 | €590,038 | €739,030 | +€148,991 | +25.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,920,437 | €2,763,300 | -€157,137 | -5.4% |
| Amounts payable after more than one year | 17 | €2,559,403 | €2,372,487 | -€186,916 | -7.3% |
| Financial debts | 170/4 | €2,559,403 | €2,372,487 | -€186,916 | -7.3% |
| Amounts payable within one year | 42/48 | €358,313 | €390,813 | +€32,500 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €195,643 | €186,916 | -€8,727 | -4.5% |
| Trade debts | 44 | €8,584 | €40,754 | +€32,170 | +375% |
| Suppliers | 440/4 | €8,584 | €40,754 | +€32,170 | +375% |
| Taxes, remuneration and social security | 45 | €0 | €50,000 | +€50,000 | |
| Taxes | 450/3 | €0 | €50,000 | +€50,000 | |
| Other amounts payable | 47/48 | €154,085 | €113,143 | -€40,942 | -26.6% |
| Accrued charges and deferred income | 492/3 | €2,721 | €0 | -€2,721 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,609 | €68,782 | +€173 | +0.3% |
| Other operating charges | 640/8 | €40,597 | €27,086 | -€13,511 | -33.3% |
| Gross operating margin | 9900 | €258,904 | €305,770 | +€46,866 | +18.1% |
| Operating profit (loss) | 9901 | €149,698 | €209,902 | +€60,205 | +40.2% |
| Financial income | 75/76B | €3,131 | €88,333 | +€85,202 | +2,721% |
| Recurring financial income | 75 | €3,131 | €88,333 | +€85,202 | +2,721% |
| Financial charges | 65/66B | €15,980 | €99,753 | +€83,772 | +524% |
| Recurring financial charges | 65 | €15,980 | €99,753 | +€83,772 | +524% |
| Profit (loss) for the period before taxes | 9903 | €136,849 | €198,483 | +€61,634 | +45.0% |
| Income taxes | 67/77 | €35,000 | €49,491 | +€14,491 | +41.4% |
| Profit (loss) for the period | 9904 | €101,849 | €148,991 | +€47,143 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,849 | €148,991 | +€47,143 | +46.3% |
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 18 October 2026 via checked.be.