IPM IMPACT: 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.
IPM IMPACT
Largest movements
- Receivables within one year -€24,385
down €24,385 (-9.5%), from €256,847 to €232,461
of which Trade receivables: -€22,719
- Tangible fixed assets -€17,924
down €17,924 (-20.2%), from €88,919 to €70,995
- Intangible fixed assets -€4,290
down €4,290 (-44.1%), from €9,735 to €5,445
- Tax, wage and social debts -€20,510
down €20,510 (-25.9%), from €79,276 to €58,766
of which Remuneration and social security: -€21,488
- Trade debts -€20,494
down €20,494 (-22.3%), from €91,951 to €71,457
- Debts after one year -€17,997
down €17,997 (-51.5%), from €34,962 to €16,965
- Profit (loss) carried forward +€10,336
up €10,336 (+56.1%), from €18,415 to €28,751
- Short-term financial debts +€6,502
new in 2025: €6,502
- Gross operating margin -€57,673
down €57,673 (-26.7%), from €215,639 to €157,965
- Staff costs -€57,002
down €57,002 (-33.0%), from €172,496 to €115,495
- Financial income -€5,921
no longer reported in 2025 (was €5,921)
of which Financial income: -€4,682
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 | €363,757 | €315,364 | -€48,393 | -13.3% |
| Fixed assets | 21/28 | €101,043 | €78,829 | -€22,214 | -22.0% |
| Intangible fixed assets | 21 | €9,735 | €5,445 | -€4,290 | -44.1% |
| Tangible fixed assets | 22/27 | €88,919 | €70,995 | -€17,924 | -20.2% |
| Plant, machinery and equipment | 23 | €2,317 | €808 | -€1,508 | -65.1% |
| Furniture and vehicles | 24 | €35,353 | €27,790 | -€7,563 | -21.4% |
| Other tangible fixed assets | 26 | €51,248 | €42,396 | -€8,852 | -17.3% |
| Financial fixed assets | 28 | €2,388 | €2,388 | = | 0.0% |
| Current assets | 29/58 | €262,715 | €236,535 | -€26,179 | -10.0% |
| Amounts receivable within one year | 40/41 | €256,847 | €232,461 | -€24,385 | -9.5% |
| Trade receivables | 40 | €250,756 | €228,037 | -€22,719 | -9.1% |
| Other amounts receivable | 41 | €6,091 | €4,425 | -€1,666 | -27.4% |
| Cash at bank and in hand | 54/58 | €2,226 | €0 | -€2,226 | -100% |
| Deferred charges and accrued income | 490/1 | €3,642 | €4,074 | +€432 | +11.8% |
| Total equity and liabilities | 10/49 | €363,757 | €315,364 | -€48,393 | -13.3% |
| Equity | 10/15 | €32,675 | €43,011 | +€10,336 | +31.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €18,415 | €28,751 | +€10,336 | +56.1% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €331,082 | €272,353 | -€58,729 | -17.7% |
| Amounts payable after more than one year | 17 | €34,962 | €16,965 | -€17,997 | -51.5% |
| Financial debts | 170/4 | €34,962 | €16,965 | -€17,997 | -51.5% |
| Amounts payable within one year | 42/48 | €293,451 | €252,719 | -€40,732 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €21,747 | €17,997 | -€3,750 | -17.2% |
| Financial debts | 43 | - | €6,502 | +€6,502 | |
| Credit institutions | 430/8 | - | €6,502 | +€6,502 | |
| Trade debts | 44 | €91,951 | €71,457 | -€20,494 | -22.3% |
| Suppliers | 440/4 | €91,951 | €71,457 | -€20,494 | -22.3% |
| Taxes, remuneration and social security | 45 | €79,276 | €58,766 | -€20,510 | -25.9% |
| Taxes | 450/3 | €1,348 | €2,327 | +€978 | +72.6% |
| Remuneration and social security | 454/9 | €77,927 | €56,439 | -€21,488 | -27.6% |
| Other amounts payable | 47/48 | €100,478 | €97,997 | -€2,481 | -2.5% |
| Accrued charges and deferred income | 492/3 | €2,670 | €2,670 | = | 0.0% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €6,545 | €3,837 | -€2,708 | -41.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €172,496 | €115,495 | -€57,002 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,622 | €22,214 | -€1,408 | -6.0% |
| Other operating charges | 640/8 | €2,062 | €2,000 | -€61 | -3.0% |
| Non-recurring operating charges | 66A | €11,847 | €127 | -€11,720 | -98.9% |
| Gross operating margin | 9900 | €215,639 | €157,965 | -€57,673 | -26.7% |
| Operating profit (loss) | 9901 | €5,611 | €18,129 | +€12,518 | +223% |
| Financial income | 75/76B | €5,921 | - | -€5,921 | |
| Recurring financial income | 75 | €4,682 | - | -€4,682 | |
| Non-recurring financial income | 76B | €1,240 | - | -€1,240 | |
| Financial charges | 65/66B | €6,305 | €7,010 | +€705 | +11.2% |
| Recurring financial charges | 65 | €6,305 | €7,010 | +€705 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €5,227 | €11,119 | +€5,892 | +113% |
| Income taxes | 67/77 | €443 | €783 | +€340 | +76.9% |
| Profit (loss) for the period | 9904 | €4,785 | €10,336 | +€5,551 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €4,785 | €10,336 | +€5,551 | +116% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.