FIM ADVICE: 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.
FIM ADVICE
Largest movements
- Tangible fixed assets -€15,364
down €15,364 (-10.0%), from €153,973 to €138,609
of which Leasing and similar rights: -€13,223
- Receivables within one year +€9,678
up €9,678 (+35.0%), from €27,653 to €37,331
of which Other amounts receivable: +€10,676
- Intangible fixed assets -€7,083
no longer reported in 2025 (was €7,083)
- Cash -€5,911
down €5,911 (-14.5%), from €40,671 to €34,760
mainly Investment in fixed assets (net) (-€22,959) and Net result for the year (-€14,553)
- Profit (loss) carried forward -€14,553
down €14,553 (-36.8%), from €39,547 to €24,994
- Debts after one year -€12,451
down €12,451 (-22.3%), from €55,879 to €43,428
- Trade debts +€6,536
up €6,536 (+37.2%), from €17,583 to €24,119
- Current portion of long-term debt +€4,566
up €4,566 (+32.6%), from €14,006 to €18,572
- Staff costs +€34,331
up €34,331 (+8.4%), from €408,656 to €442,987
- Gross operating margin +€8,875
up €8,875 (+1.9%), from €469,621 to €478,496
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 | €256,523 | €241,043 | -€15,480 | -6.0% |
| Fixed assets | 21/28 | €162,204 | €139,757 | -€22,448 | -13.8% |
| Intangible fixed assets | 21 | €7,083 | - | -€7,083 | |
| Tangible fixed assets | 22/27 | €153,973 | €138,609 | -€15,364 | -10.0% |
| Plant, machinery and equipment | 23 | €47,715 | €44,637 | -€3,078 | -6.5% |
| Furniture and vehicles | 24 | €12,580 | €12,854 | +€274 | +2.2% |
| Leasing and similar rights | 25 | €55,283 | €42,060 | -€13,223 | -23.9% |
| Other tangible fixed assets | 26 | €38,395 | €39,058 | +€663 | +1.7% |
| Financial fixed assets | 28 | €1,148 | €1,148 | = | 0.0% |
| Current assets | 29/58 | €94,318 | €101,287 | +€6,968 | +7.4% |
| Stocks and contracts in progress | 3 | €23,061 | €25,317 | +€2,256 | +9.8% |
| Stocks | 30/36 | €23,061 | €25,317 | +€2,256 | +9.8% |
| Amounts receivable within one year | 40/41 | €27,653 | €37,331 | +€9,678 | +35.0% |
| Trade receivables | 40 | €3,931 | €2,933 | -€999 | -25.4% |
| Other amounts receivable | 41 | €23,722 | €34,398 | +€10,676 | +45.0% |
| Cash at bank and in hand | 54/58 | €40,671 | €34,760 | -€5,911 | -14.5% |
| Deferred charges and accrued income | 490/1 | €2,934 | €3,879 | +€945 | +32.2% |
| Total equity and liabilities | 10/49 | €256,523 | €241,043 | -€15,480 | -6.0% |
| Equity | 10/15 | €109,837 | €95,284 | -€14,553 | -13.2% |
| 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 | €8,790 | €8,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,790 | €8,790 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,640 | €2,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,547 | €24,994 | -€14,553 | -36.8% |
| Amounts payable | 17/49 | €146,685 | €145,759 | -€926 | -0.6% |
| Amounts payable after more than one year | 17 | €55,879 | €43,428 | -€12,451 | -22.3% |
| Financial debts | 170/4 | €55,879 | €43,428 | -€12,451 | -22.3% |
| Amounts payable within one year | 42/48 | €90,806 | €102,330 | +€11,524 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €14,006 | €18,572 | +€4,566 | +32.6% |
| Trade debts | 44 | €17,583 | €24,119 | +€6,536 | +37.2% |
| Suppliers | 440/4 | €17,583 | €24,119 | +€6,536 | +37.2% |
| Taxes, remuneration and social security | 45 | €38,490 | €40,080 | +€1,590 | +4.1% |
| Taxes | 450/3 | €10,400 | €13,941 | +€3,541 | +34.0% |
| Remuneration and social security | 454/9 | €28,090 | €26,139 | -€1,951 | -6.9% |
| Other amounts payable | 47/48 | €20,728 | €19,560 | -€1,168 | -5.6% |
| Remuneration, social security and pensions | 62 | €408,656 | €442,987 | +€34,331 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,941 | €45,407 | +€2,466 | +5.7% |
| Other operating charges | 640/8 | €3,394 | €1,829 | -€1,566 | -46.1% |
| Non-recurring operating charges | 66A | €2,553 | - | -€2,553 | |
| Gross operating margin | 9900 | €469,621 | €478,496 | +€8,875 | +1.9% |
| Operating profit (loss) | 9901 | €12,077 | -€11,726 | -€23,803 | |
| Financial income | 75/76B | €518 | €469 | -€48 | -9.3% |
| Recurring financial income | 75 | €518 | €469 | -€48 | -9.3% |
| Financial charges | 65/66B | €3,227 | €3,085 | -€142 | -4.4% |
| Recurring financial charges | 65 | €3,227 | €3,085 | -€142 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €9,367 | -€14,342 | -€23,709 | |
| Income taxes | 67/77 | €308 | €211 | -€98 | -31.7% |
| Profit (loss) for the period | 9904 | €9,058 | -€14,553 | -€23,612 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,058 | -€14,553 | -€23,612 |
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.