Impaca: 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.
Impaca
Largest movements
- Cash +€184,530
up €184,530 (+150.5%), from €122,600 to €307,129
mainly Net result for the year (+€189,871) and Tax, wage and social debts (+€16,032)
- Receivables within one year +€13,392
up €13,392 (+17.9%), from €74,705 to €88,098
of which Other amounts receivable: +€9,331
- Tangible fixed assets +€9,581
up €9,581 (+516.6%), from €1,855 to €11,435
of which Plant, machinery and equipment: +€6,481
- Reserves +€189,871
up €189,871 (+127.3%), from €149,157 to €339,028
- Tax, wage and social debts +€16,032
up €16,032 (+35.0%), from €45,846 to €61,879
of which Taxes: +€13,330
- Gross operating margin +€51,481
up €51,481 (+25.7%), from €200,189 to €251,670
- Taxes +€13,832
up €13,832 (+30.9%), from €44,696 to €58,529
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 | €199,160 | €406,993 | +€207,833 | +104.4% |
| Fixed assets | 21/28 | €1,855 | €11,435 | +€9,581 | +516.6% |
| Tangible fixed assets | 22/27 | €1,855 | €11,435 | +€9,581 | +516.6% |
| Plant, machinery and equipment | 23 | €1,855 | €8,336 | +€6,481 | +349.5% |
| Other tangible fixed assets | 26 | - | €3,099 | +€3,099 | |
| Current assets | 29/58 | €197,305 | €395,557 | +€198,252 | +100.5% |
| Amounts receivable within one year | 40/41 | €74,705 | €88,098 | +€13,392 | +17.9% |
| Trade receivables | 40 | €71,927 | €75,988 | +€4,061 | +5.6% |
| Other amounts receivable | 41 | €2,779 | €12,110 | +€9,331 | +335.8% |
| Cash at bank and in hand | 54/58 | €122,600 | €307,129 | +€184,530 | +150.5% |
| Deferred charges and accrued income | 490/1 | - | €330 | +€330 | |
| Total equity and liabilities | 10/49 | €199,160 | €406,993 | +€207,833 | +104.4% |
| Equity | 10/15 | €150,157 | €340,028 | +€189,871 | +126.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €149,157 | €339,028 | +€189,871 | +127.3% |
| Distributable reserves | 133 | €149,157 | €339,028 | +€189,871 | +127.3% |
| Amounts payable | 17/49 | €49,003 | €66,964 | +€17,962 | +36.7% |
| Amounts payable within one year | 42/48 | €46,210 | €63,214 | +€17,004 | +36.8% |
| Trade debts | 44 | €363 | €1,335 | +€972 | +267.3% |
| Suppliers | 440/4 | €363 | €1,335 | +€972 | +267.3% |
| Taxes, remuneration and social security | 45 | €45,846 | €61,879 | +€16,032 | +35.0% |
| Taxes | 450/3 | €45,846 | €59,177 | +€13,330 | +29.1% |
| Remuneration and social security | 454/9 | - | €2,702 | +€2,702 | |
| Accrued charges and deferred income | 492/3 | €2,793 | €3,751 | +€958 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,174 | €2,726 | -€448 | -14.1% |
| Other operating charges | 640/8 | €110 | €396 | +€286 | +259.7% |
| Gross operating margin | 9900 | €200,189 | €251,670 | +€51,481 | +25.7% |
| Operating profit (loss) | 9901 | €196,905 | €248,549 | +€51,643 | +26.2% |
| Financial income | 75/76B | €0 | €2,004 | +€2,004 | +20038200.0% |
| Recurring financial income | 75 | €0 | €2,004 | +€2,004 | +20038200.0% |
| Financial charges | 65/66B | €3,052 | €2,153 | -€899 | -29.5% |
| Recurring financial charges | 65 | €3,052 | €2,153 | -€899 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €193,853 | €248,400 | +€54,547 | +28.1% |
| Income taxes | 67/77 | €44,696 | €58,529 | +€13,832 | +30.9% |
| Profit (loss) for the period | 9904 | €149,157 | €189,871 | +€40,714 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €149,157 | €189,871 | +€40,714 | +27.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.