IMPROMOVE: 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.
IMPROMOVE
Largest movements
- Tangible fixed assets +€523,738
up €523,738 (+1451.8%), from €36,074 to €559,812
of which Land and buildings: +€521,889
- Cash +€29,174
up €29,174 (+35.0%), from €83,340 to €112,514
mainly Debts after one year (+€480,528) and Depreciation (+€58,076)
- Receivables within one year +€23,039
up €23,039 (+73.0%), from €31,565 to €54,605
of which Trade receivables: +€24,009
- Debts after one year +€480,528
new in 2025: €480,528
- Profit (loss) carried forward +€41,073
up €41,073 (+41.3%), from €99,404 to €140,476
- Tax, wage and social debts +€22,225
up €22,225 (+61.7%), from €36,005 to €58,230
of which Taxes: +€18,180
- Current portion of long-term debt +€16,669
new in 2025: €16,669
- Other debts +€9,778
up €9,778 (+157.7%), from €6,199 to €15,977
- Gross operating margin +€57,043
up €57,043 (+51.4%), from €110,884 to €167,927
- Depreciation +€56,163
up €56,163 (+2936.4%), from €1,913 to €58,076
- Staff costs +€48,552
new in 2025: €48,552
- Taxes -€8,331
down €8,331 (-42.1%), from €19,776 to €11,445
- Financial charges +€5,875
up €5,875 (+1898.0%), from €310 to €6,184
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 | €152,267 | €728,733 | +€576,466 | +378.6% |
| Fixed assets | 21/28 | €36,074 | €559,812 | +€523,738 | +1451.8% |
| Tangible fixed assets | 22/27 | €36,074 | €559,812 | +€523,738 | +1451.8% |
| Land and buildings | 22 | - | €521,889 | +€521,889 | |
| Plant, machinery and equipment | 23 | €29,903 | €23,853 | -€6,050 | -20.2% |
| Furniture and vehicles | 24 | €6,171 | €14,070 | +€7,899 | +128.0% |
| Current assets | 29/58 | €116,193 | €168,921 | +€52,728 | +45.4% |
| Amounts receivable within one year | 40/41 | €31,565 | €54,605 | +€23,039 | +73.0% |
| Trade receivables | 40 | €30,480 | €54,489 | +€24,009 | +78.8% |
| Other amounts receivable | 41 | €1,086 | €116 | -€970 | -89.3% |
| Cash at bank and in hand | 54/58 | €83,340 | €112,514 | +€29,174 | +35.0% |
| Deferred charges and accrued income | 490/1 | €1,288 | €1,802 | +€514 | +39.9% |
| Total equity and liabilities | 10/49 | €152,267 | €728,733 | +€576,466 | +378.6% |
| Equity | 10/15 | €101,904 | €142,976 | +€41,073 | +40.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,404 | €140,476 | +€41,073 | +41.3% |
| Amounts payable | 17/49 | €50,364 | €585,757 | +€535,393 | +1063.0% |
| Amounts payable after more than one year | 17 | - | €480,528 | +€480,528 | |
| Financial debts | 170/4 | - | €480,528 | +€480,528 | |
| Amounts payable within one year | 42/48 | €50,364 | €103,975 | +€53,611 | +106.4% |
| Current portion of amounts payable after more than one year | 42 | - | €16,669 | +€16,669 | |
| Trade debts | 44 | €8,160 | €13,099 | +€4,939 | +60.5% |
| Suppliers | 440/4 | €8,160 | €13,099 | +€4,939 | +60.5% |
| Taxes, remuneration and social security | 45 | €36,005 | €58,230 | +€22,225 | +61.7% |
| Taxes | 450/3 | €28,305 | €46,486 | +€18,180 | +64.2% |
| Remuneration and social security | 454/9 | €7,700 | €11,745 | +€4,045 | +52.5% |
| Other amounts payable | 47/48 | €6,199 | €15,977 | +€9,778 | +157.7% |
| Accrued charges and deferred income | 492/3 | - | €1,254 | +€1,254 | |
| Remuneration, social security and pensions | 62 | - | €48,552 | +€48,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,913 | €58,076 | +€56,163 | +2936.4% |
| Other operating charges | 640/8 | €480 | €1,794 | +€1,314 | +274.1% |
| Gross operating margin | 9900 | €110,884 | €167,927 | +€57,043 | +51.4% |
| Operating profit (loss) | 9901 | €108,492 | €59,506 | -€48,986 | -45.2% |
| Financial income | 75/76B | €1 | €29 | +€28 | +3512.3% |
| Recurring financial income | 75 | €1 | €29 | +€28 | +3512.3% |
| Financial charges | 65/66B | €310 | €6,184 | +€5,875 | +1898.0% |
| Recurring financial charges | 65 | €310 | €6,184 | +€5,875 | +1898.0% |
| Profit (loss) for the period before taxes | 9903 | €108,183 | €53,351 | -€54,833 | -50.7% |
| Income taxes | 67/77 | €19,776 | €11,445 | -€8,331 | -42.1% |
| Profit (loss) for the period | 9904 | €88,407 | €41,906 | -€46,501 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €88,407 | €41,906 | -€46,501 | -52.6% |
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 7 October 2026 via checked.be.