BIMAG EUROPE: 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.
BIMAG EUROPE
Largest movements
- Cash +€163,933
new in 2025: €163,933
mainly Current investments (+€141,845) and Trade debts (+€45,991)
- Current investments -€141,845
no longer reported in 2025 (was €141,845)
- Tangible fixed assets -€13,320
down €13,320 (-20.0%), from €66,521 to €53,201
of which Other tangible fixed assets: -€7,220
- Receivables within one year +€7,220
up €7,220 (+432%), from €1,671 to €8,891
- Intangible fixed assets -€6,117
down €6,117 (-35.6%), from €17,197 to €11,080
- Trade debts +€45,991
up €45,991 (+48.9%), from €93,962 to €139,953
- Profit (loss) carried forward -€42,243
down €42,243 (-10.7%), from -€393,855 to -€436,098
- Tax, wage and social debts +€9,702
up €9,702 (+26.2%), from €37,043 to €46,745
of which Remuneration and social security: +€6,916
- Provisions +€4,937
new in 2025: €4,937
- Other debts -€4,626
down €4,626 (-2.0%), from €233,786 to €229,160
- Financial income -€98,583
down €98,583 (-93.9%), from €104,945 to €6,362
- Gross operating margin +€62,118
up €62,118 (+105%), from €58,907 to €121,025
- Staff costs +€10,086
up €10,086 (+8.5%), from €118,666 to €128,752
- Other operating charges -€5,981
down €5,981 (-72.1%), from €8,290 to €2,309
- Write-downs +€4,937
new in 2025: €4,937
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 | €324,808 | €334,696 | +€9,888 | +3.0% |
| Formation expenses | 20 | €2,752 | - | -€2,752 | |
| Fixed assets | 21/28 | €83,718 | €64,281 | -€19,436 | -23.2% |
| Intangible fixed assets | 21 | €17,197 | €11,080 | -€6,117 | -35.6% |
| Tangible fixed assets | 22/27 | €66,521 | €53,201 | -€13,320 | -20.0% |
| Furniture and vehicles | 24 | €19,540 | €13,440 | -€6,100 | -31.2% |
| Other tangible fixed assets | 26 | €46,981 | €39,761 | -€7,220 | -15.4% |
| Current assets | 29/58 | €238,338 | €270,415 | +€32,077 | +13.5% |
| Stocks and contracts in progress | 3 | €93,935 | €96,613 | +€2,678 | +2.9% |
| Stocks | 30/36 | €93,935 | €96,613 | +€2,678 | +2.9% |
| Amounts receivable within one year | 40/41 | €1,671 | €8,891 | +€7,220 | +432% |
| Trade receivables | 40 | €1,671 | €8,891 | +€7,220 | +432% |
| Current investments | 50/53 | €141,845 | - | -€141,845 | |
| Cash at bank and in hand | 54/58 | - | €163,933 | +€163,933 | |
| Deferred charges and accrued income | 490/1 | €888 | €977 | +€90 | +10.1% |
| Total equity and liabilities | 10/49 | €324,808 | €334,696 | +€9,888 | +3.0% |
| Equity | 10/15 | -€43,855 | -€86,098 | -€42,243 | -96.3% |
| Reserves | 13 | €350,000 | €350,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €350,000 | €350,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€393,855 | -€436,098 | -€42,243 | -10.7% |
| Provisions and deferred taxes | 16 | - | €4,937 | +€4,937 | |
| Provisions for liabilities and charges | 160/5 | - | €4,937 | +€4,937 | |
| Other liabilities and charges | 164/5 | - | €4,937 | +€4,937 | |
| Amounts payable | 17/49 | €368,663 | €415,858 | +€47,195 | +12.8% |
| Amounts payable within one year | 42/48 | €364,791 | €415,858 | +€51,066 | +14.0% |
| Trade debts | 44 | €93,962 | €139,953 | +€45,991 | +48.9% |
| Suppliers | 440/4 | €93,962 | €139,953 | +€45,991 | +48.9% |
| Taxes, remuneration and social security | 45 | €37,043 | €46,745 | +€9,702 | +26.2% |
| Taxes | 450/3 | €14,053 | €16,839 | +€2,786 | +19.8% |
| Remuneration and social security | 454/9 | €22,990 | €29,906 | +€6,916 | +30.1% |
| Other amounts payable | 47/48 | €233,786 | €229,160 | -€4,626 | -2.0% |
| Accrued charges and deferred income | 492/3 | €3,872 | - | -€3,872 | |
| Remuneration, social security and pensions | 62 | €118,666 | €128,752 | +€10,086 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,733 | €23,553 | +€4,819 | +25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,937 | +€4,937 | |
| Other operating charges | 640/8 | €8,290 | €2,309 | -€5,981 | -72.1% |
| Gross operating margin | 9900 | €58,907 | €121,025 | +€62,118 | +105% |
| Operating profit (loss) | 9901 | -€86,782 | -€38,526 | +€48,256 | +55.6% |
| Financial income | 75/76B | €104,945 | €6,362 | -€98,583 | -93.9% |
| Recurring financial income | 75 | €104,945 | €6,362 | -€98,583 | -93.9% |
| Financial charges | 65/66B | €15,003 | €10,080 | -€4,923 | -32.8% |
| Recurring financial charges | 65 | €15,003 | €10,080 | -€4,923 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €3,160 | -€42,243 | -€45,403 | |
| Profit (loss) for the period | 9904 | €3,160 | -€42,243 | -€45,403 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,160 | -€42,243 | -€45,403 |
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 30 October 2026 via checked.be.