IMPROOV: 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.
IMPROOV
Largest movements
- Receivables within one year +€32,288
new in 2025: €32,288
of which Other amounts receivable: +€19,811
- Cash +€32,073
up €32,073 (+79.6%), from €40,273 to €72,346
mainly Net result for the year (+€40,863) and Depreciation (+€16,862)
- Tangible fixed assets -€13,162
down €13,162 (-13.8%), from €95,495 to €82,333
of which Furniture and vehicles: -€57,232
- Receivables after one year -€12,712
no longer reported in 2025 (was €12,712)
of which Trade receivables: -€11,193
- Reserves +€39,000
up €39,000 (+32.5%), from €120,000 to €159,000
- Other debts +€2,515
new in 2025: €2,515
- Tax, wage and social debts -€2,234
down €2,234 (-23.9%), from €9,355 to €7,121
- Staff costs +€11,519
new in 2025: €11,519
- Gross operating margin -€4,808
down €4,808 (-5.5%), from €87,249 to €82,441
- Depreciation +€2,564
up €2,564 (+17.9%), from €14,298 to €16,862
- Taxes -€1,770
down €1,770 (-12.0%), from €14,703 to €12,934
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 | €150,012 | €187,702 | +€37,689 | +25.1% |
| Formation expenses | 20 | €369 | €189 | -€180 | -48.7% |
| Fixed assets | 21/28 | €95,495 | €82,333 | -€13,162 | -13.8% |
| Tangible fixed assets | 22/27 | €95,495 | €82,333 | -€13,162 | -13.8% |
| Plant, machinery and equipment | 23 | €4,522 | €48,592 | +€44,070 | +974% |
| Furniture and vehicles | 24 | €90,972 | €33,740 | -€57,232 | -62.9% |
| Current assets | 29/58 | €54,148 | €105,180 | +€51,031 | +94.2% |
| Amounts receivable after more than one year | 29 | €12,712 | - | -€12,712 | |
| Trade receivables | 290 | €11,193 | - | -€11,193 | |
| Other amounts receivable | 291 | €1,519 | - | -€1,519 | |
| Amounts receivable within one year | 40/41 | - | €32,288 | +€32,288 | |
| Trade receivables | 40 | - | €12,477 | +€12,477 | |
| Other amounts receivable | 41 | - | €19,811 | +€19,811 | |
| Cash at bank and in hand | 54/58 | €40,273 | €72,346 | +€32,073 | +79.6% |
| Deferred charges and accrued income | 490/1 | €1,163 | €546 | -€617 | -53.1% |
| Total equity and liabilities | 10/49 | €150,012 | €187,702 | +€37,689 | +25.1% |
| Equity | 10/15 | €138,820 | €178,017 | +€39,197 | +28.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €120,000 | €159,000 | +€39,000 | +32.5% |
| Distributable reserves | 133 | €120,000 | €159,000 | +€39,000 | +32.5% |
| Profit (loss) carried forward | 14 | €3,820 | €4,017 | +€197 | +5.2% |
| Amounts payable | 17/49 | €11,192 | €9,685 | -€1,507 | -13.5% |
| Amounts payable within one year | 42/48 | €9,414 | €9,685 | +€271 | +2.9% |
| Trade debts | 44 | €59 | €49 | -€10 | -16.5% |
| Suppliers | 440/4 | €59 | €49 | -€10 | -16.5% |
| Taxes, remuneration and social security | 45 | €9,355 | €7,121 | -€2,234 | -23.9% |
| Taxes | 450/3 | €9,355 | €7,121 | -€2,234 | -23.9% |
| Other amounts payable | 47/48 | - | €2,515 | +€2,515 | |
| Accrued charges and deferred income | 492/3 | €1,779 | - | -€1,779 | |
| Remuneration, social security and pensions | 62 | - | €11,519 | +€11,519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,298 | €16,862 | +€2,564 | +17.9% |
| Other operating charges | 640/8 | €923 | €191 | -€732 | -79.3% |
| Gross operating margin | 9900 | €87,249 | €82,441 | -€4,808 | -5.5% |
| Operating profit (loss) | 9901 | €72,029 | €53,869 | -€18,160 | -25.2% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €101 | €72 | -€28 | -28.3% |
| Recurring financial charges | 65 | €101 | €72 | -€28 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €71,930 | €53,797 | -€18,134 | -25.2% |
| Income taxes | 67/77 | €14,703 | €12,934 | -€1,770 | -12.0% |
| Profit (loss) for the period | 9904 | €57,227 | €40,863 | -€16,364 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,227 | €40,863 | -€16,364 | -28.6% |
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 27 October 2026 via checked.be.