IMPULSO Smart Offices: 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.
IMPULSO Smart Offices
Largest movements
- Tangible fixed assets -€46,000
down €46,000 (-5.0%), from €920,014 to €874,014
of which Land and buildings: -€41,582
- Debts after one year -€39,728
down €39,728 (-6.5%), from €608,247 to €568,519
- Profit (loss) carried forward -€23,689
down €23,689 (-14.8%), from -€159,928 to -€183,616
- Revaluation surpluses -€15,370
down €15,370 (-5.7%), from €271,526 to €256,156
- Reserves +€15,370
up €15,370 (+82.8%), from €18,568 to €33,938
- Current portion of long-term debt +€11,026
up €11,026 (+39.0%), from €28,257 to €39,282
- Gross operating margin +€32,102
up €32,102 (+198%), from €16,233 to €48,335
- Depreciation +€12,057
up €12,057 (+32.3%), from €37,299 to €49,356
- Other operating charges +€2,666
up €2,666 (+154%), from €1,726 to €4,392
- Financial charges -€805
down €805 (-5.4%), from €14,954 to €14,149
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.
Derived cash bridge
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 | €924,599 | €879,258 | -€45,342 | -4.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €922,084 | €875,567 | -€46,517 | -5.0% |
| Intangible fixed assets | 21 | €2,070 | €1,553 | -€518 | -25.0% |
| Tangible fixed assets | 22/27 | €920,014 | €874,014 | -€46,000 | -5.0% |
| Land and buildings | 22 | €903,309 | €861,727 | -€41,582 | -4.6% |
| Plant, machinery and equipment | 23 | €7,778 | €8,717 | +€939 | +12.1% |
| Furniture and vehicles | 24 | €2,035 | €2,192 | +€157 | +7.7% |
| Other tangible fixed assets | 26 | €6,892 | €1,378 | -€5,514 | -80.0% |
| Current assets | 29/58 | €2,515 | €3,691 | +€1,175 | +46.7% |
| Amounts receivable within one year | 40/41 | €2,169 | €2,752 | +€582 | +26.8% |
| Trade receivables | 40 | €856 | €1,438 | +€582 | +68.0% |
| Other amounts receivable | 41 | €1,313 | €1,313 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €346 | €939 | +€593 | +171% |
| Total equity and liabilities | 10/49 | €924,599 | €879,258 | -€45,342 | -4.9% |
| Equity | 10/15 | €200,167 | €176,478 | -€23,689 | -11.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €271,526 | €256,156 | -€15,370 | -5.7% |
| Reserves | 13 | €18,568 | €33,938 | +€15,370 | +82.8% |
| Distributable reserves | 133 | €18,568 | €33,938 | +€15,370 | +82.8% |
| Profit (loss) carried forward | 14 | -€159,928 | -€183,616 | -€23,689 | -14.8% |
| Amounts payable | 17/49 | €724,433 | €702,780 | -€21,653 | -3.0% |
| Amounts payable after more than one year | 17 | €608,247 | €568,519 | -€39,728 | -6.5% |
| Financial debts | 170/4 | €608,247 | €568,519 | -€39,728 | -6.5% |
| Amounts payable within one year | 42/48 | €116,186 | €134,261 | +€18,075 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €28,257 | €39,282 | +€11,026 | +39.0% |
| Financial debts | 43 | €30,005 | €29,983 | -€22 | -0.1% |
| Credit institutions | 430/8 | €30,005 | €29,983 | -€22 | -0.1% |
| Trade debts | 44 | €5,160 | €5,641 | +€481 | +9.3% |
| Suppliers | 440/4 | €5,160 | €5,641 | +€481 | +9.3% |
| Other amounts payable | 47/48 | €52,765 | €59,355 | +€6,590 | +12.5% |
| Non-recurring operating income | 76A | - | €338 | +€338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,299 | €49,356 | +€12,057 | +32.3% |
| Other operating charges | 640/8 | €1,726 | €4,392 | +€2,666 | +154% |
| Non-recurring operating charges | 66A | - | €4,127 | +€4,127 | |
| Gross operating margin | 9900 | €16,233 | €48,335 | +€32,102 | +198% |
| Operating profit (loss) | 9901 | -€22,792 | -€9,540 | +€13,252 | +58.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €14,954 | €14,149 | -€805 | -5.4% |
| Recurring financial charges | 65 | €14,954 | €14,149 | -€805 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,746 | -€23,689 | +€14,057 | +37.2% |
| Profit (loss) for the period | 9904 | -€37,746 | -€23,689 | +€14,057 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,746 | -€23,689 | +€14,057 | +37.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.