FIMA: 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.
What changed
FIMA
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22,146
2024 · €29,391-€7,245
Equity
€2.7m
2024 · €2.6m+€22,146
Cash
€60,896
2024 · €115,582-€54,687
Balance sheet total
€8.4m
2024 · €8.2m+€187,501
Largest movements
Assets
- Receivables within one year +€154,785
up €154,785 (+18.0%), from €861,716 to €1.0m
of which Other amounts receivable: +€170,543
Equity and liabilities
- Debts after one year +€134,789
up €134,789 (+3.1%), from €4.4m to €4.5m
of which Other amounts payable: +€134,789
Income statement
- Financial charges -€30,904
down €30,904 (-11.9%), from €260,363 to €229,459
- Gross operating margin -€23,702
down €23,702 (-4.6%), from €513,876 to €490,174
- Depreciation +€14,717
up €14,717 (+19.8%), from €74,456 to €89,173
- Financial income +€11,864
up €11,864 (+30.7%), from €38,660 to €50,524
- Staff costs +€5,748
up €5,748 (+3.2%), from €181,886 to €187,634
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.
Result 2024
€29,391
Gross operating margin
-€23,702
Staff costs
-€5,748
Depreciation
-€14,717
Other operating charges
-€920
Financial income
+€11,864
Financial charges
+€30,904
Taxes
-€4,927
Result 2025
€22,146
raises the resultlowers the result
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.
From operations
-€55,586
Investment
-€95,078
Financing
+€95,977
Cash 2024
€115,582
From operations (derived)
-€55,586
Net result for the year
+€22,146
Depreciation
+€89,173
Receivables after one year
-€81,497
Receivables within one year
-€154,785
Trade debts
-€4,242
Tax, wage and social debts
+€16,422
Other debts
+€57,198
Investment (derived)
-€95,078
Investment in fixed assets (net)
-€94,407
Current investments
-€671
Financing
+€95,977
Debts after one year
+€134,789
Current portion of long-term debt
-€38,812
Cash 2025
€60,896
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,218,117 | €8,405,618 | +€187,501 | +2.3% |
| Fixed assets | 21/28 | €7,015,082 | €7,020,317 | +€5,235 | +0.1% |
| Tangible fixed assets | 22/27 | €2,497,641 | €2,502,875 | +€5,235 | +0.2% |
| Land and buildings | 22 | €2,495,572 | €2,420,590 | -€74,982 | -3.0% |
| Furniture and vehicles | 24 | €69 | €80,285 | +€80,216 | +116,899% |
| Other tangible fixed assets | 26 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,517,441 | €4,517,441 | = | 0.0% |
| Current assets | 29/58 | €1,203,035 | €1,385,301 | +€182,266 | +15.2% |
| Amounts receivable after more than one year | 29 | €103,395 | €184,892 | +€81,497 | +78.8% |
| Other amounts receivable | 291 | €103,395 | €184,892 | +€81,497 | +78.8% |
| Amounts receivable within one year | 40/41 | €861,716 | €1,016,501 | +€154,785 | +18.0% |
| Trade receivables | 40 | €130,731 | €114,973 | -€15,758 | -12.1% |
| Other amounts receivable | 41 | €730,985 | €901,528 | +€170,543 | +23.3% |
| Current investments | 50/53 | €112,742 | €113,413 | +€671 | +0.6% |
| Cash at bank and in hand | 54/58 | €115,582 | €60,896 | -€54,687 | -47.3% |
| Deferred charges and accrued income | 490/1 | €9,600 | €9,600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €8,218,117 | €8,405,618 | +€187,501 | +2.3% |
| Equity | 10/15 | €2,648,981 | €2,671,127 | +€22,146 | +0.8% |
| Contributions | 10/11 | €2,700,000 | €2,700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,019 | -€28,873 | +€22,146 | +43.4% |
| Amounts payable | 17/49 | €5,569,136 | €5,734,490 | +€165,355 | +3.0% |
| Amounts payable after more than one year | 17 | €4,362,861 | €4,497,650 | +€134,789 | +3.1% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €4,362,861 | €4,497,650 | +€134,789 | +3.1% |
| Amounts payable within one year | 42/48 | €1,206,275 | €1,236,840 | +€30,566 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €38,812 | €0 | -€38,812 | -100% |
| Trade debts | 44 | €14,086 | €9,843 | -€4,242 | -30.1% |
| Suppliers | 440/4 | €14,086 | €9,843 | -€4,242 | -30.1% |
| Taxes, remuneration and social security | 45 | €147,016 | €163,438 | +€16,422 | +11.2% |
| Taxes | 450/3 | €113,473 | €129,167 | +€15,694 | +13.8% |
| Remuneration and social security | 454/9 | €33,543 | €34,271 | +€728 | +2.2% |
| Other amounts payable | 47/48 | €1,006,361 | €1,063,559 | +€57,198 | +5.7% |
| Non-recurring operating income | 76A | €25,140 | €0 | -€25,140 | -100% |
| Remuneration, social security and pensions | 62 | €181,886 | €187,634 | +€5,748 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,456 | €89,173 | +€14,717 | +19.8% |
| Other operating charges | 640/8 | €6,029 | €6,949 | +€920 | +15.3% |
| Gross operating margin | 9900 | €513,876 | €490,174 | -€23,702 | -4.6% |
| Operating profit (loss) | 9901 | €251,506 | €206,419 | -€45,087 | -17.9% |
| Financial income | 75/76B | €38,660 | €50,524 | +€11,864 | +30.7% |
| Recurring financial income | 75 | €38,660 | €50,524 | +€11,864 | +30.7% |
| Financial charges | 65/66B | €260,363 | €229,459 | -€30,904 | -11.9% |
| Recurring financial charges | 65 | €260,363 | €229,459 | -€30,904 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €29,802 | €27,484 | -€2,318 | -7.8% |
| Income taxes | 67/77 | €411 | €5,338 | +€4,927 | +1,199% |
| Profit (loss) for the period | 9904 | €29,391 | €22,146 | -€7,245 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,391 | €22,146 | -€7,245 | -24.7% |
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 16 October 2026 via checked.be.