FIMA2: 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.
FIMA2
Largest movements
- Tangible fixed assets -€65,883
down €65,883 (-7.6%), from €869,146 to €803,263
of which Land and buildings: -€51,387
- Cash +€48,414
up €48,414 (+81.2%), from €59,603 to €108,018
mainly Depreciation (+€65,883) and Net result for the year (+€36,422)
- Deferred charges and accrued income +€21,122
up €21,122 (+247%), from €8,540 to €29,662
- Receivables within one year -€15,379
down €15,379 (-91.8%), from €16,755 to €1,376
of which Other amounts receivable: -€9,388
- Debts after one year -€63,512
down €63,512 (-19.4%), from €327,782 to €264,270
- Reserves +€36,422
up €36,422 (+17.5%), from €208,226 to €244,648
- Gross operating margin -€19,689
down €19,689 (-13.6%), from €144,350 to €124,661
- Depreciation +€7,952
up €7,952 (+13.7%), from €57,931 to €65,883
- Taxes -€7,020
down €7,020 (-32.8%), from €21,421 to €14,401
- Financial charges -€1,668
down €1,668 (-36.0%), from €4,629 to €2,961
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 | €954,044 | €942,319 | -€11,725 | -1.2% |
| Fixed assets | 21/28 | €869,146 | €803,263 | -€65,883 | -7.6% |
| Tangible fixed assets | 22/27 | €869,146 | €803,263 | -€65,883 | -7.6% |
| Land and buildings | 22 | €799,489 | €748,102 | -€51,387 | -6.4% |
| Furniture and vehicles | 24 | €69,657 | €55,161 | -€14,496 | -20.8% |
| Current assets | 29/58 | €84,898 | €139,056 | +€54,158 | +63.8% |
| Amounts receivable within one year | 40/41 | €16,755 | €1,376 | -€15,379 | -91.8% |
| Trade receivables | 40 | €6,050 | €59 | -€5,991 | -99.0% |
| Other amounts receivable | 41 | €10,705 | €1,317 | -€9,388 | -87.7% |
| Cash at bank and in hand | 54/58 | €59,603 | €108,018 | +€48,414 | +81.2% |
| Deferred charges and accrued income | 490/1 | €8,540 | €29,662 | +€21,122 | +247% |
| Total equity and liabilities | 10/49 | €954,044 | €942,319 | -€11,725 | -1.2% |
| Equity | 10/15 | €541,497 | €577,918 | +€36,422 | +6.7% |
| Contributions | 10/11 | €118,550 | €118,550 | = | 0.0% |
| Reserves | 13 | €208,226 | €244,648 | +€36,422 | +17.5% |
| Distributable reserves | 133 | €208,226 | €244,648 | +€36,422 | +17.5% |
| Profit (loss) carried forward | 14 | €214,720 | €214,720 | = | 0.0% |
| Amounts payable | 17/49 | €412,547 | €364,401 | -€48,147 | -11.7% |
| Amounts payable after more than one year | 17 | €327,782 | €264,270 | -€63,512 | -19.4% |
| Financial debts | 170/4 | €327,782 | €264,270 | -€63,512 | -19.4% |
| Amounts payable within one year | 42/48 | €75,165 | €90,531 | +€15,366 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €63,044 | €63,512 | +€468 | +0.7% |
| Trade debts | 44 | €5,622 | €8,457 | +€2,834 | +50.4% |
| Suppliers | 440/4 | €5,622 | €8,457 | +€2,834 | +50.4% |
| Taxes, remuneration and social security | 45 | €4,499 | €13,224 | +€8,725 | +194% |
| Taxes | 450/3 | €4,499 | €13,224 | +€8,725 | +194% |
| Other amounts payable | 47/48 | €2,000 | €5,338 | +€3,338 | +167% |
| Accrued charges and deferred income | 492/3 | €9,600 | €9,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,931 | €65,883 | +€7,952 | +13.7% |
| Other operating charges | 640/8 | €4,874 | €5,029 | +€155 | +3.2% |
| Gross operating margin | 9900 | €144,350 | €124,661 | -€19,689 | -13.6% |
| Operating profit (loss) | 9901 | €81,545 | €53,749 | -€27,795 | -34.1% |
| Financial income | 75/76B | €59 | €34 | -€25 | -42.0% |
| Recurring financial income | 75 | €59 | €34 | -€25 | -42.0% |
| Financial charges | 65/66B | €4,629 | €2,961 | -€1,668 | -36.0% |
| Recurring financial charges | 65 | €4,629 | €2,961 | -€1,668 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €76,975 | €50,822 | -€26,152 | -34.0% |
| Income taxes | 67/77 | €21,421 | €14,401 | -€7,020 | -32.8% |
| Profit (loss) for the period | 9904 | €55,554 | €36,422 | -€19,133 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,554 | €36,422 | -€19,133 | -34.4% |
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 13 October 2026 via checked.be.