IMPROMIZE: 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.
IMPROMIZE
Largest movements
- Cash +€145,162
up €145,162 (+38.6%), from €376,549 to €521,711
mainly Net result for the year (+€139,763) and Current investments (+€137,769)
- Current investments -€137,769
down €137,769 (-23.0%), from €599,892 to €462,123
- Tangible fixed assets -€26,667
down €26,667 (-25.6%), from €104,270 to €77,603
of which Furniture and vehicles: -€28,148
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€2,636
up €2,636 (+9.8%), from €26,774 to €29,410
- Financial income -€2,485
down €2,485 (-10.9%), from €22,739 to €20,254
- Gross operating margin +€2,322
up €2,322 (+1.1%), from €207,739 to €210,061
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 | €1,140,773 | €1,122,534 | -€18,239 | -1.6% |
| Fixed assets | 21/28 | €104,270 | €77,603 | -€26,667 | -25.6% |
| Tangible fixed assets | 22/27 | €104,270 | €77,603 | -€26,667 | -25.6% |
| Plant, machinery and equipment | 23 | €263 | - | -€263 | |
| Furniture and vehicles | 24 | €102,561 | €74,413 | -€28,148 | -27.4% |
| Other tangible fixed assets | 26 | €1,446 | €3,190 | +€1,744 | +120.6% |
| Current assets | 29/58 | €1,036,503 | €1,044,931 | +€8,428 | +0.8% |
| Amounts receivable within one year | 40/41 | €59,175 | €56,439 | -€2,736 | -4.6% |
| Trade receivables | 40 | €37,149 | €39,184 | +€2,035 | +5.5% |
| Other amounts receivable | 41 | €22,026 | €17,255 | -€4,771 | -21.7% |
| Current investments | 50/53 | €599,892 | €462,123 | -€137,769 | -23.0% |
| Cash at bank and in hand | 54/58 | €376,549 | €521,711 | +€145,162 | +38.6% |
| Deferred charges and accrued income | 490/1 | €887 | €4,658 | +€3,771 | +425.1% |
| Total equity and liabilities | 10/49 | €1,140,773 | €1,122,534 | -€18,239 | -1.6% |
| Equity | 10/15 | €1,099,095 | €1,088,858 | -€10,237 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,080,495 | €1,070,258 | -€10,237 | -0.9% |
| Distributable reserves | 133 | €1,080,495 | €1,070,258 | -€10,237 | -0.9% |
| Amounts payable | 17/49 | €41,678 | €33,676 | -€8,002 | -19.2% |
| Amounts payable within one year | 42/48 | €41,663 | €32,536 | -€9,127 | -21.9% |
| Trade debts | 44 | €5,071 | €4,266 | -€805 | -15.9% |
| Suppliers | 440/4 | €5,071 | €4,266 | -€805 | -15.9% |
| Taxes, remuneration and social security | 45 | €27,248 | €28,270 | +€1,022 | +3.8% |
| Taxes | 450/3 | €27,248 | €28,270 | +€1,022 | +3.8% |
| Other amounts payable | 47/48 | €9,344 | - | -€9,344 | |
| Accrued charges and deferred income | 492/3 | €15 | €1,140 | +€1,125 | +7500.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,774 | €29,410 | +€2,636 | +9.8% |
| Other operating charges | 640/8 | €2,297 | €1,774 | -€523 | -22.8% |
| Non-recurring operating charges | 66A | €58 | €248 | +€190 | +327.6% |
| Gross operating margin | 9900 | €207,739 | €210,061 | +€2,322 | +1.1% |
| Operating profit (loss) | 9901 | €178,610 | €178,629 | +€19 | 0.0% |
| Financial income | 75/76B | €22,739 | €20,254 | -€2,485 | -10.9% |
| Recurring financial income | 75 | €22,739 | €20,254 | -€2,485 | -10.9% |
| Financial charges | 65/66B | €2,016 | €1,879 | -€137 | -6.8% |
| Recurring financial charges | 65 | €2,016 | €1,879 | -€137 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €199,333 | €197,004 | -€2,329 | -1.2% |
| Income taxes | 67/77 | €56,624 | €57,241 | +€617 | +1.1% |
| Profit (loss) for the period | 9904 | €142,709 | €139,763 | -€2,946 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €142,709 | €139,763 | -€2,946 | -2.1% |
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 28 September 2026 via checked.be.