IMPULSO Fiduciaire: 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 Fiduciaire
Largest movements
- Intangible fixed assets -€32,012
down €32,012 (-49.1%), from €65,170 to €33,158
- Formation expenses -€21,989
down €21,989 (-34.7%), from €63,456 to €41,467
- Tangible fixed assets +€18,408
up €18,408 (+1,115%), from €1,652 to €20,060
of which Furniture and vehicles: +€18,446
- Receivables within one year -€7,235
down €7,235 (-4.7%), from €152,501 to €145,266
of which Trade receivables: -€39,605
- Cash -€7,054
down €7,054 (-54.0%), from €13,071 to €6,017
mainly Debts after one year (-€46,687) and Tax, wage and social debts (-€35,099)
- Debts after one year -€46,687
down €46,687 (-63.2%), from €73,844 to €27,157
- Profit (loss) carried forward +€38,729
up €38,729 (+74.9%), from -€51,707 to -€12,979
- Tax, wage and social debts -€35,099
down €35,099 (-33.4%), from €104,971 to €69,871
of which Remuneration and social security: -€37,334
- Other debts -€6,000
no longer reported in 2025 (was €6,000)
- Current portion of long-term debt +€5,263
up €5,263 (+6.0%), from €87,259 to €92,522
- Staff costs -€96,772
down €96,772 (-27.9%), from €346,919 to €250,147
- Taxes +€22,746
up €22,746 (+1,277%), from €1,781 to €24,526
- Depreciation +€13,716
up €13,716 (+30.2%), from €45,454 to €59,170
- Gross operating margin +€13,202
up €13,202 (+3.5%), from €377,102 to €390,305
- Write-downs -€11,576
new in 2025: -€11,576
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 | €322,232 | €273,255 | -€48,977 | -15.2% |
| Formation expenses | 20 | €63,456 | €41,467 | -€21,989 | -34.7% |
| Fixed assets | 21/28 | €66,881 | €53,278 | -€13,603 | -20.3% |
| Intangible fixed assets | 21 | €65,170 | €33,158 | -€32,012 | -49.1% |
| Tangible fixed assets | 22/27 | €1,652 | €20,060 | +€18,408 | +1,115% |
| Furniture and vehicles | 24 | €1,614 | €20,060 | +€18,446 | +1,143% |
| Other tangible fixed assets | 26 | €38 | €0 | -€38 | -99.6% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €191,895 | €178,510 | -€13,385 | -7.0% |
| Amounts receivable within one year | 40/41 | €152,501 | €145,266 | -€7,235 | -4.7% |
| Trade receivables | 40 | €97,175 | €57,570 | -€39,605 | -40.8% |
| Other amounts receivable | 41 | €55,326 | €87,695 | +€32,369 | +58.5% |
| Cash at bank and in hand | 54/58 | €13,071 | €6,017 | -€7,054 | -54.0% |
| Deferred charges and accrued income | 490/1 | €26,323 | €27,228 | +€905 | +3.4% |
| Total equity and liabilities | 10/49 | €322,232 | €273,255 | -€48,977 | -15.2% |
| Equity | 10/15 | €16,020 | €54,748 | +€38,729 | +242% |
| Contributions | 10/11 | €61,570 | €61,570 | = | 0.0% |
| Reserves | 13 | €6,157 | €6,157 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,157 | €6,157 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,157 | €6,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,707 | -€12,979 | +€38,729 | +74.9% |
| Amounts payable | 17/49 | €306,212 | €218,507 | -€87,706 | -28.6% |
| Amounts payable after more than one year | 17 | €73,844 | €27,157 | -€46,687 | -63.2% |
| Financial debts | 170/4 | €73,844 | €27,157 | -€46,687 | -63.2% |
| Amounts payable within one year | 42/48 | €232,369 | €191,350 | -€41,019 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €87,259 | €92,522 | +€5,263 | +6.0% |
| Financial debts | 43 | €30,118 | €26,931 | -€3,187 | -10.6% |
| Credit institutions | 430/8 | €30,118 | €26,931 | -€3,187 | -10.6% |
| Trade debts | 44 | €4,021 | €2,026 | -€1,996 | -49.6% |
| Suppliers | 440/4 | €4,021 | €2,026 | -€1,996 | -49.6% |
| Taxes, remuneration and social security | 45 | €104,971 | €69,871 | -€35,099 | -33.4% |
| Taxes | 450/3 | €48,595 | €50,830 | +€2,235 | +4.6% |
| Remuneration and social security | 454/9 | €56,375 | €19,041 | -€37,334 | -66.2% |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Non-recurring operating income | 76A | - | €2,466 | +€2,466 | |
| Remuneration, social security and pensions | 62 | €346,919 | €250,147 | -€96,772 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,454 | €59,170 | +€13,716 | +30.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€11,576 | -€11,576 | |
| Other operating charges | 640/8 | €14,466 | €16,753 | +€2,287 | +15.8% |
| Operating charges capitalised as restructuring costs | 649 | -€48,810 | - | +€48,810 | |
| Gross operating margin | 9900 | €377,102 | €390,305 | +€13,202 | +3.5% |
| Operating profit (loss) | 9901 | €19,073 | €75,812 | +€56,738 | +297% |
| Financial income | 75/76B | €8 | €1 | -€8 | -93.6% |
| Recurring financial income | 75 | €8 | €1 | -€8 | -93.6% |
| Financial charges | 65/66B | €16,438 | €12,557 | -€3,880 | -23.6% |
| Recurring financial charges | 65 | €16,438 | €12,557 | -€3,880 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €2,644 | €63,255 | +€60,611 | +2,293% |
| Income taxes | 67/77 | €1,781 | €24,526 | +€22,746 | +1,277% |
| Profit (loss) for the period | 9904 | €863 | €38,729 | +€37,866 | +4,387% |
| Profit (loss) for the period to be appropriated | 9905 | €863 | €38,729 | +€37,866 | +4,387% |
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.