BIMAG: 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.
BIMAG
Largest movements
- Cash -€99,816
down €99,816 (-32.6%), from €306,421 to €206,605
mainly Other debts (-€76,980) and Investment in fixed assets (net) (-€53,266)
- Receivables within one year -€27,682
down €27,682 (-5.0%), from €557,326 to €529,644
of which Other amounts receivable: -€64,409
- Deferred charges and accrued income +€23,972
up €23,972 (+99.0%), from €24,221 to €48,192
- Stocks and contracts -€19,067
down €19,067 (-4.3%), from €439,185 to €420,119
- Other debts -€76,980
down €76,980 (-48.4%), from €159,156 to €82,176
- Tax, wage and social debts -€16,433
down €16,433 (-14.2%), from €115,369 to €98,936
of which Taxes: -€14,034
- Staff costs +€134,737
up €134,737 (+15.2%), from €885,984 to €1.0m
- Gross operating margin +€100,097
up €100,097 (+9.5%), from €1.1m to €1.2m
- Other operating charges +€27,882
up €27,882 (+158.4%), from €17,600 to €45,483
- Depreciation -€17,448
down €17,448 (-29.5%), from €59,095 to €41,647
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,568,232 | €1,457,258 | -€110,973 | -7.1% |
| Fixed assets | 21/28 | €241,080 | €252,699 | +€11,619 | +4.8% |
| Tangible fixed assets | 22/27 | €240,945 | €252,564 | +€11,619 | +4.8% |
| Land and buildings | 22 | €136,344 | €125,336 | -€11,008 | -8.1% |
| Plant, machinery and equipment | 23 | €71,329 | €104,645 | +€33,317 | +46.7% |
| Furniture and vehicles | 24 | €33,272 | €22,582 | -€10,689 | -32.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,327,152 | €1,204,559 | -€122,593 | -9.2% |
| Stocks and contracts in progress | 3 | €439,185 | €420,119 | -€19,067 | -4.3% |
| Stocks | 30/36 | €439,185 | €420,119 | -€19,067 | -4.3% |
| Amounts receivable within one year | 40/41 | €557,326 | €529,644 | -€27,682 | -5.0% |
| Trade receivables | 40 | €38,943 | €75,670 | +€36,727 | +94.3% |
| Other amounts receivable | 41 | €518,383 | €453,974 | -€64,409 | -12.4% |
| Cash at bank and in hand | 54/58 | €306,421 | €206,605 | -€99,816 | -32.6% |
| Deferred charges and accrued income | 490/1 | €24,221 | €48,192 | +€23,972 | +99.0% |
| Total equity and liabilities | 10/49 | €1,568,232 | €1,457,258 | -€110,973 | -7.1% |
| Equity | 10/15 | €441,932 | €442,545 | +€613 | +0.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €79,200 | €79,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,200 | €17,200 | = | 0.0% |
| Legal reserve | 130 | €17,200 | €17,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €301,232 | €301,845 | +€613 | +0.2% |
| Amounts payable | 17/49 | €1,126,300 | €1,014,713 | -€111,586 | -9.9% |
| Amounts payable after more than one year | 17 | €16,832 | €9,889 | -€6,943 | -41.2% |
| Financial debts | 170/4 | €16,832 | €9,889 | -€6,943 | -41.2% |
| Amounts payable within one year | 42/48 | €1,075,075 | €969,498 | -€105,576 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €68,268 | €64,174 | -€4,094 | -6.0% |
| Trade debts | 44 | €732,282 | €724,212 | -€8,069 | -1.1% |
| Suppliers | 440/4 | €732,282 | €724,212 | -€8,069 | -1.1% |
| Taxes, remuneration and social security | 45 | €115,369 | €98,936 | -€16,433 | -14.2% |
| Taxes | 450/3 | €23,599 | €9,565 | -€14,034 | -59.5% |
| Remuneration and social security | 454/9 | €91,770 | €89,371 | -€2,399 | -2.6% |
| Other amounts payable | 47/48 | €159,156 | €82,176 | -€76,980 | -48.4% |
| Accrued charges and deferred income | 492/3 | €34,393 | €35,326 | +€933 | +2.7% |
| Remuneration, social security and pensions | 62 | €885,984 | €1,020,721 | +€134,737 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,095 | €41,647 | -€17,448 | -29.5% |
| Other operating charges | 640/8 | €17,600 | €45,483 | +€27,882 | +158.4% |
| Gross operating margin | 9900 | €1,051,882 | €1,151,979 | +€100,097 | +9.5% |
| Operating profit (loss) | 9901 | €89,203 | €44,129 | -€45,074 | -50.5% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €21,310 | €22,577 | +€1,267 | +5.9% |
| Recurring financial charges | 65 | €21,310 | €22,577 | +€1,267 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €67,946 | €21,552 | -€46,394 | -68.3% |
| Income taxes | 67/77 | €31,854 | €20,939 | -€10,915 | -34.3% |
| Profit (loss) for the period | 9904 | €36,092 | €613 | -€35,479 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,092 | €613 | -€35,479 | -98.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.