FIMAB: 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
FIMAB
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€10,418
2024 · €399,469-€409,887
Equity
€2.6m
2024 · €2.6m-€10,418
Cash
€767,138
2024 · €770,930-€3,792
Balance sheet total
€3.1m
2024 · €3.5m-€388,235
Largest movements
Assets
- Receivables within one year -€263,228
down €263,228 (-27.0%), from €976,497 to €713,269
- Tangible fixed assets -€77,759
down €77,759 (-4.7%), from €1.7m to €1.6m
of which Land and buildings: -€54,292
- Deferred charges and accrued income -€43,456
down €43,456 (-82.0%), from €52,972 to €9,516
Equity and liabilities
- Tax, wage and social debts -€344,325
down €344,325 (-94.2%), from €365,509 to €21,184
- Debts after one year -€35,606
down €35,606 (-12.7%), from €281,115 to €245,509
Income statement
- Taxes -€356,840
down €356,840, from €350,970 to -€5,870
- Gross operating margin +€41,867
up €41,867 (+44.9%), from €93,200 to €135,066
- Depreciation -€4,888
down €4,888 (-3.8%), from €128,007 to €123,120
- Financial income -€3,344
down €3,344 (-31.5%), from €10,617 to €7,273
- Other operating charges +€2,671
up €2,671 (+8.6%), from €31,138 to €33,809
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
€399,469
Gross operating margin
+€41,867
Depreciation
+€4,888
Other operating charges
-€2,671
Financial income
-€3,344
Financial charges
+€1,015
Taxes
+€356,840
Deferred taxes and other
-€808,481
Result 2025
-€10,418
Cash bridge derived
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
+€76,085
Investment
-€45,360
Financing
-€34,517
Cash 2024
€770,930
From operations (derived)
+€76,085
Net result for the year
-€10,418
Depreciation
+€123,120
Receivables within one year
+€263,228
Deferred charges and accrued income
+€43,456
Provisions
-€8,127
Trade debts
+€6,171
Tax, wage and social debts
-€344,325
Accrued charges and deferred income
+€2,980
Investment (derived)
-€45,360
Investment in fixed assets (net)
-€45,360
Financing
-€34,517
Debts after one year
-€35,606
Current portion of long-term debt
+€1,089
Cash 2025
€767,138
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,467,346 | €3,079,111 | -€388,235 | -11.2% |
| Fixed assets | 21/28 | €1,666,946 | €1,589,187 | -€77,759 | -4.7% |
| Tangible fixed assets | 22/27 | €1,666,946 | €1,589,187 | -€77,759 | -4.7% |
| Land and buildings | 22 | €1,511,086 | €1,456,794 | -€54,292 | -3.6% |
| Plant, machinery and equipment | 23 | €424 | €237 | -€188 | -44.2% |
| Furniture and vehicles | 24 | €787 | €307 | -€480 | -61.0% |
| Other tangible fixed assets | 26 | €154,649 | €131,849 | -€22,800 | -14.7% |
| Current assets | 29/58 | €1,800,400 | €1,489,924 | -€310,476 | -17.2% |
| Amounts receivable within one year | 40/41 | €976,497 | €713,269 | -€263,228 | -27.0% |
| Other amounts receivable | 41 | €976,497 | €713,269 | -€263,228 | -27.0% |
| Cash at bank and in hand | 54/58 | €770,930 | €767,138 | -€3,792 | -0.5% |
| Deferred charges and accrued income | 490/1 | €52,972 | €9,516 | -€43,456 | -82.0% |
| Total equity and liabilities | 10/49 | €3,467,346 | €3,079,111 | -€388,235 | -11.2% |
| Equity | 10/15 | €2,630,478 | €2,620,060 | -€10,418 | -0.4% |
| Contributions | 10/11 | €1,284,228 | €1,284,228 | = | 0.0% |
| Capital | 10 | €1,246,099 | €1,246,099 | = | 0.0% |
| Issued capital | 100 | €1,246,099 | €1,246,099 | = | 0.0% |
| Contributions outside capital | 11 | €38,130 | €38,130 | = | 0.0% |
| Share premium | 1100/10 | €38,130 | €38,130 | = | 0.0% |
| Reserves | 13 | €1,346,249 | €1,335,831 | -€10,418 | -0.8% |
| Non-distributable reserves | 130/1 | €109,429 | €110,127 | +€698 | +0.6% |
| Legal reserve | 130 | €109,429 | €110,127 | +€698 | +0.6% |
| Tax-exempt reserves | 132 | €362,716 | €338,334 | -€24,382 | -6.7% |
| Distributable reserves | 133 | €874,104 | €887,370 | +€13,265 | +1.5% |
| Provisions and deferred taxes | 16 | €114,271 | €106,144 | -€8,127 | -7.1% |
| Deferred taxes | 168 | €114,271 | €106,144 | -€8,127 | -7.1% |
| Amounts payable | 17/49 | €722,597 | €352,907 | -€369,690 | -51.2% |
| Amounts payable after more than one year | 17 | €281,115 | €245,509 | -€35,606 | -12.7% |
| Financial debts | 170/4 | €281,115 | €245,509 | -€35,606 | -12.7% |
| Amounts payable within one year | 42/48 | €441,482 | €104,418 | -€337,064 | -76.3% |
| Current portion of amounts payable after more than one year | 42 | €34,517 | €35,606 | +€1,089 | +3.2% |
| Trade debts | 44 | €18,471 | €24,643 | +€6,171 | +33.4% |
| Suppliers | 440/4 | €18,471 | €24,643 | +€6,171 | +33.4% |
| Taxes, remuneration and social security | 45 | €365,509 | €21,184 | -€344,325 | -94.2% |
| Taxes | 450/3 | €365,509 | €21,184 | -€344,325 | -94.2% |
| Other amounts payable | 47/48 | €22,985 | €22,985 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,980 | +€2,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,007 | €123,120 | -€4,888 | -3.8% |
| Other operating charges | 640/8 | €31,138 | €33,809 | +€2,671 | +8.6% |
| Gross operating margin | 9900 | €93,200 | €135,066 | +€41,867 | +44.9% |
| Operating profit (loss) | 9901 | -€65,946 | -€21,862 | +€44,084 | +66.8% |
| Financial income | 75/76B | €10,617 | €7,273 | -€3,344 | -31.5% |
| Recurring financial income | 75 | €10,617 | €7,273 | -€3,344 | -31.5% |
| Financial charges | 65/66B | €10,841 | €9,826 | -€1,015 | -9.4% |
| Recurring financial charges | 65 | €10,841 | €9,826 | -€1,015 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€66,170 | -€24,415 | +€41,755 | +63.1% |
| Transfer from deferred taxes | 780 | €816,608 | €8,127 | -€808,481 | -99.0% |
| Income taxes | 67/77 | €350,970 | -€5,870 | -€356,840 | |
| Profit (loss) for the period | 9904 | €399,469 | -€10,418 | -€409,887 | |
| Transfer from tax-exempt reserves | 789 | €340,825 | €24,382 | -€316,444 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €740,294 | €13,964 | -€726,331 | -98.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.