IMPULSE: 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.
IMPULSE
Largest movements
- Receivables within one year +€467,360
up €467,360 (+432.7%), from €108,008 to €575,368
of which Other amounts receivable: +€482,464
- Receivables after one year -€277,711
down €277,711 (-4.0%), from €6.9m to €6.6m
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€633,706
down €633,706 (-70.6%), from €898,083 to €264,377
of which Non-recurring financial charges: -€602,774
- Financial income +€102,213
up €102,213 (+38.9%), from €263,072 to €365,285
- Gross operating margin +€37,095
up €37,095 (+404.4%), from €9,173 to €46,267
- Taxes -€8,559
down €8,559 (-84.3%), from €10,159 to €1,600
- Depreciation +€3,035
up €3,035 (+1.7%), from €173,858 to €176,893
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 | €14,489,995 | €14,551,981 | +€61,987 | +0.4% |
| Fixed assets | 21/28 | €6,780,658 | €6,642,269 | -€138,389 | -2.0% |
| Tangible fixed assets | 22/27 | €2,955,564 | €2,817,175 | -€138,389 | -4.7% |
| Land and buildings | 22 | €2,622,660 | €2,572,920 | -€49,740 | -1.9% |
| Plant, machinery and equipment | 23 | €81,861 | €66,853 | -€15,008 | -18.3% |
| Furniture and vehicles | 24 | €236,871 | €164,761 | -€72,110 | -30.4% |
| Other tangible fixed assets | 26 | €14,171 | €12,641 | -€1,530 | -10.8% |
| Financial fixed assets | 28 | €3,825,094 | €3,825,094 | = | 0.0% |
| Current assets | 29/58 | €7,709,336 | €7,909,712 | +€200,376 | +2.6% |
| Amounts receivable after more than one year | 29 | €6,862,264 | €6,584,553 | -€277,711 | -4.0% |
| Other amounts receivable | 291 | €6,862,264 | €6,584,553 | -€277,711 | -4.0% |
| Amounts receivable within one year | 40/41 | €108,008 | €575,368 | +€467,360 | +432.7% |
| Trade receivables | 40 | €21,154 | €6,050 | -€15,104 | -71.4% |
| Other amounts receivable | 41 | €86,854 | €569,318 | +€482,464 | +555.5% |
| Cash at bank and in hand | 54/58 | €734,942 | €668,233 | -€66,709 | -9.1% |
| Deferred charges and accrued income | 490/1 | €4,122 | €81,558 | +€77,437 | +1878.8% |
| Total equity and liabilities | 10/49 | €14,489,995 | €14,551,981 | +€61,987 | +0.4% |
| Equity | 10/15 | €11,023,163 | €10,975,766 | -€47,397 | -0.4% |
| Contributions | 10/11 | €117,749 | €117,749 | = | 0.0% |
| Reserves | 13 | €10,837,500 | €10,837,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €10,800,000 | €10,800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,913 | €20,517 | -€47,397 | -69.8% |
| Amounts payable | 17/49 | €3,466,832 | €3,576,215 | +€109,384 | +3.2% |
| Amounts payable within one year | 42/48 | €3,466,832 | €3,574,615 | +€107,784 | +3.1% |
| Trade debts | 44 | €42,537 | €35,777 | -€6,760 | -15.9% |
| Suppliers | 440/4 | €42,537 | €35,777 | -€6,760 | -15.9% |
| Taxes, remuneration and social security | 45 | €84,362 | €75,581 | -€8,781 | -10.4% |
| Taxes | 450/3 | €84,362 | €75,581 | -€8,781 | -10.4% |
| Other amounts payable | 47/48 | €3,339,933 | €3,463,258 | +€123,325 | +3.7% |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,858 | €176,893 | +€3,035 | +1.7% |
| Other operating charges | 640/8 | €16,247 | €16,079 | -€167 | -1.0% |
| Gross operating margin | 9900 | €9,173 | €46,267 | +€37,095 | +404.4% |
| Operating profit (loss) | 9901 | -€180,932 | -€146,705 | +€34,227 | +18.9% |
| Financial income | 75/76B | €263,072 | €365,285 | +€102,213 | +38.9% |
| Recurring financial income | 75 | €263,072 | €365,285 | +€102,213 | +38.9% |
| Financial charges | 65/66B | €898,083 | €264,377 | -€633,706 | -70.6% |
| Recurring financial charges | 65 | €295,310 | €264,377 | -€30,933 | -10.5% |
| Non-recurring financial charges | 66B | €602,774 | - | -€602,774 | |
| Profit (loss) for the period before taxes | 9903 | -€815,943 | -€45,797 | +€770,146 | +94.4% |
| Income taxes | 67/77 | €10,159 | €1,600 | -€8,559 | -84.3% |
| Profit (loss) for the period | 9904 | -€826,102 | -€47,397 | +€778,705 | +94.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€826,102 | -€47,397 | +€778,705 | +94.3% |
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 5 October 2026 via checked.be.