IMPULSE: 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.
IMPULSE
Largest movements
- Cash +€202,589
up €202,589 (+73.9%), from €274,222 to €476,811
mainly Net result for the year (+€142,060) and Stocks and contracts (+€138,451)
- Stocks and contracts -€138,451
down €138,451 (-100.0%), from €138,451 to €0
- Receivables within one year +€74,329
up €74,329 (+77.6%), from €95,752 to €170,081
of which Trade receivables: +€87,855
- Reserves +€142,060
up €142,060 (+16.4%), from €864,260 to €1.0m
of which Distributable reserves: +€142,060
- Other debts -€45,000
down €45,000 (-45.2%), from €99,481 to €54,481
- Tax, wage and social debts +€30,975
up €30,975 (+126.7%), from €24,440 to €55,415
of which Taxes: +€37,664
- Gross operating margin +€100,261
up €100,261 (+55.8%), from €179,648 to €279,909
- Taxes +€34,470
up €34,470 (+124.0%), from €27,802 to €62,272
- Financial income +€9,129
up €9,129 (+206.3%), from €4,425 to €13,554
- Other operating charges -€4,055
down €4,055 (-47.4%), from €8,562 to €4,507
- Staff costs +€3,786
up €3,786 (+5.3%), from €70,957 to €74,742
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 | €1,032,542 | €1,155,282 | +€122,740 | +11.9% |
| Fixed assets | 21/28 | €15,299 | €5,474 | -€9,825 | -64.2% |
| Tangible fixed assets | 22/27 | €9,825 | €0 | -€9,825 | -100.0% |
| Furniture and vehicles | 24 | €9,825 | €0 | -€9,825 | -100.0% |
| Financial fixed assets | 28 | €5,474 | €5,474 | = | 0.0% |
| Current assets | 29/58 | €1,017,243 | €1,149,808 | +€132,565 | +13.0% |
| Stocks and contracts in progress | 3 | €138,451 | €0 | -€138,451 | -100.0% |
| Stocks | 30/36 | €138,451 | €0 | -€138,451 | -100.0% |
| Amounts receivable within one year | 40/41 | €95,752 | €170,081 | +€74,329 | +77.6% |
| Trade receivables | 40 | €82,226 | €170,081 | +€87,855 | +106.8% |
| Other amounts receivable | 41 | €13,526 | €0 | -€13,526 | -100.0% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €274,222 | €476,811 | +€202,589 | +73.9% |
| Deferred charges and accrued income | 490/1 | €8,818 | €2,916 | -€5,903 | -66.9% |
| Total equity and liabilities | 10/49 | €1,032,542 | €1,155,282 | +€122,740 | +11.9% |
| Equity | 10/15 | €882,860 | €1,024,920 | +€142,060 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €864,260 | €1,006,320 | +€142,060 | +16.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €862,400 | €1,004,460 | +€142,060 | +16.5% |
| Amounts payable | 17/49 | €149,682 | €130,362 | -€19,320 | -12.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €147,104 | €126,626 | -€20,478 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €910 | €0 | -€910 | -100.0% |
| Trade debts | 44 | €22,273 | €16,730 | -€5,543 | -24.9% |
| Suppliers | 440/4 | €22,273 | €16,730 | -€5,543 | -24.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €24,440 | €55,415 | +€30,975 | +126.7% |
| Taxes | 450/3 | €10,800 | €48,464 | +€37,664 | +348.7% |
| Remuneration and social security | 454/9 | €13,640 | €6,951 | -€6,689 | -49.0% |
| Other amounts payable | 47/48 | €99,481 | €54,481 | -€45,000 | -45.2% |
| Accrued charges and deferred income | 492/3 | €2,578 | €3,736 | +€1,158 | +44.9% |
| Non-recurring operating income | 76A | - | €150,000 | +€150,000 | |
| Remuneration, social security and pensions | 62 | €70,957 | €74,742 | +€3,786 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,131 | €9,807 | -€324 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€260 | €0 | +€260 | |
| Other operating charges | 640/8 | €8,562 | €4,507 | -€4,055 | -47.4% |
| Non-recurring operating charges | 66A | - | €18 | +€18 | |
| Gross operating margin | 9900 | €179,648 | €279,909 | +€100,261 | +55.8% |
| Operating profit (loss) | 9901 | €90,259 | €190,835 | +€100,576 | +111.4% |
| Financial income | 75/76B | €4,425 | €13,554 | +€9,129 | +206.3% |
| Recurring financial income | 75 | €4,425 | €13,554 | +€9,129 | +206.3% |
| Financial charges | 65/66B | €88 | €56 | -€31 | -35.8% |
| Recurring financial charges | 65 | €88 | €56 | -€31 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €94,596 | €204,332 | +€109,736 | +116.0% |
| Income taxes | 67/77 | €27,802 | €62,272 | +€34,470 | +124.0% |
| Profit (loss) for the period | 9904 | €66,795 | €142,060 | +€75,266 | +112.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,795 | €142,060 | +€75,266 | +112.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.