IMPROVIT: 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.
IMPROVIT
Largest movements
- Cash -€32,088
down €32,088 (-73.4%), from €43,707 to €11,619
mainly Net result for the year (-€49,850) and Investment in fixed assets (net) (-€1,082)
- Receivables within one year -€7,643
down €7,643 (-2.4%), from €315,485 to €307,842
of which Trade receivables: -€5,305
- Tangible fixed assets -€6,936
down €6,936 (-28.4%), from €24,445 to €17,509
of which Furniture and vehicles: -€6,018
- Profit (loss) carried forward -€49,850
down €49,850 (-16.2%), from €308,027 to €258,176
- Gross operating margin -€138,663
down €138,663, from €83,965 to -€54,698
- Taxes -€19,499
down €19,499 (-98.8%), from €19,732 to €233
- Financial income +€1,414
up €1,414 (+11.5%), from €12,335 to €13,749
- Depreciation +€894
up €894 (+12.6%), from €7,123 to €8,018
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €387,674 | €341,007 | -€46,667 | -12.0% |
| Fixed assets | 21/28 | €28,174 | €21,238 | -€6,936 | -24.6% |
| Tangible fixed assets | 22/27 | €24,445 | €17,509 | -€6,936 | -28.4% |
| Plant, machinery and equipment | 23 | €6,851 | €5,934 | -€917 | -13.4% |
| Furniture and vehicles | 24 | €17,594 | €11,575 | -€6,018 | -34.2% |
| Financial fixed assets | 28 | €3,729 | €3,729 | = | 0.0% |
| Current assets | 29/58 | €359,500 | €319,769 | -€39,731 | -11.1% |
| Amounts receivable within one year | 40/41 | €315,485 | €307,842 | -€7,643 | -2.4% |
| Trade receivables | 40 | €81,717 | €76,412 | -€5,305 | -6.5% |
| Other amounts receivable | 41 | €233,768 | €231,430 | -€2,338 | -1.0% |
| Current investments | 50/53 | €308 | €308 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,707 | €11,619 | -€32,088 | -73.4% |
| Total equity and liabilities | 10/49 | €387,674 | €341,007 | -€46,667 | -12.0% |
| Equity | 10/15 | €343,511 | €293,661 | -€49,850 | -14.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,893 | €16,893 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,034 | €15,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,027 | €258,176 | -€49,850 | -16.2% |
| Amounts payable | 17/49 | €44,162 | €47,346 | +€3,183 | +7.2% |
| Amounts payable within one year | 42/48 | €39,022 | €42,206 | +€3,183 | +8.2% |
| Taxes, remuneration and social security | 45 | €39,022 | €42,206 | +€3,183 | +8.2% |
| Taxes | 450/3 | €39,022 | €42,206 | +€3,183 | +8.2% |
| Accrued charges and deferred income | 492/3 | €5,140 | €5,140 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,123 | €8,018 | +€894 | +12.6% |
| Other operating charges | 640/8 | - | €216 | +€216 | |
| Gross operating margin | 9900 | €83,965 | -€54,698 | -€138,663 | |
| Operating profit (loss) | 9901 | €76,842 | -€62,931 | -€139,773 | |
| Financial income | 75/76B | €12,335 | €13,749 | +€1,414 | +11.5% |
| Recurring financial income | 75 | €12,335 | €13,749 | +€1,414 | +11.5% |
| Financial charges | 65/66B | €740 | €435 | -€305 | -41.2% |
| Recurring financial charges | 65 | €740 | €435 | -€305 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €88,437 | -€49,617 | -€138,053 | |
| Income taxes | 67/77 | €19,732 | €233 | -€19,499 | -98.8% |
| Profit (loss) for the period | 9904 | €68,705 | -€49,850 | -€118,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,705 | -€49,850 | -€118,555 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.