FIMACO: 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.
FIMACO
Largest movements
- Cash +€1.3m
up €1.3m (+73.1%), from €1.7m to €3.0m
mainly Net result for the year (+€1.3m) and Depreciation (+€320,637)
- Receivables within one year +€515,895
up €515,895 (+35.9%), from €1.4m to €2.0m
of which Other amounts receivable: +€508,837
- Tangible fixed assets -€311,375
down €311,375 (-5.0%), from €6.2m to €5.9m
- Reserves +€1.3m
up €1.3m (+22.7%), from €5.7m to €7.0m
of which Distributable reserves: +€1.3m
- Tax, wage and social debts +€194,451
up €194,451 (+469.9%), from €41,383 to €235,835
of which Taxes: +€189,726
- Gross operating margin +€1.1m
up €1.1m (+90.5%), from €1.2m to €2.2m
- Taxes +€277,802
up €277,802 (+145.9%), from €190,356 to €468,158
- Staff costs +€51,760
up €51,760 (+33.1%), from €156,198 to €207,958
- Financial income +€25,201
up €25,201 (+107.8%), from €23,382 to €48,583
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,370,257 | €10,848,687 | +€1.5m | +15.8% |
| Fixed assets | 21/28 | €6,172,659 | €5,861,284 | -€311,375 | -5.0% |
| Tangible fixed assets | 22/27 | €6,172,659 | €5,861,284 | -€311,375 | -5.0% |
| Land and buildings | 22 | €6,172,659 | €5,861,284 | -€311,375 | -5.0% |
| Current assets | 29/58 | €3,197,598 | €4,987,403 | +€1.8m | +56.0% |
| Amounts receivable within one year | 40/41 | €1,437,335 | €1,953,230 | +€515,895 | +35.9% |
| Trade receivables | 40 | €754,275 | €761,333 | +€7,058 | +0.9% |
| Other amounts receivable | 41 | €683,060 | €1,191,897 | +€508,837 | +74.5% |
| Cash at bank and in hand | 54/58 | €1,744,914 | €3,020,762 | +€1.3m | +73.1% |
| Deferred charges and accrued income | 490/1 | €15,349 | €13,411 | -€1,938 | -12.6% |
| Total equity and liabilities | 10/49 | €9,370,257 | €10,848,687 | +€1.5m | +15.8% |
| Equity | 10/15 | €7,190,313 | €8,484,470 | +€1.3m | +18.0% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €5,690,313 | €6,984,470 | +€1.3m | +22.7% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €775,702 | €726,287 | -€49,415 | -6.4% |
| Distributable reserves | 133 | €4,764,611 | €6,108,183 | +€1.3m | +28.2% |
| Provisions and deferred taxes | 16 | €258,567 | €242,096 | -€16,472 | -6.4% |
| Deferred taxes | 168 | €258,567 | €242,096 | -€16,472 | -6.4% |
| Amounts payable | 17/49 | €1,921,377 | €2,122,121 | +€200,745 | +10.4% |
| Amounts payable within one year | 42/48 | €1,921,377 | €2,120,758 | +€199,382 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €22,453 | €27,383 | +€4,930 | +22.0% |
| Suppliers | 440/4 | €22,453 | €27,383 | +€4,930 | +22.0% |
| Taxes, remuneration and social security | 45 | €41,383 | €235,835 | +€194,451 | +469.9% |
| Taxes | 450/3 | €29,493 | €219,219 | +€189,726 | +643.3% |
| Remuneration and social security | 454/9 | €11,890 | €16,616 | +€4,726 | +39.7% |
| Other amounts payable | 47/48 | €1,857,541 | €1,857,541 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,363 | +€1,363 | |
| Remuneration, social security and pensions | 62 | €156,198 | €207,958 | +€51,760 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327,921 | €320,637 | -€7,284 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,128 | €16,251 | +€7,123 | +78.0% |
| Gross operating margin | 9900 | €1,177,802 | €2,243,698 | +€1.1m | +90.5% |
| Operating profit (loss) | 9901 | €684,555 | €1,698,852 | +€1.0m | +148.2% |
| Financial income | 75/76B | €23,382 | €48,583 | +€25,201 | +107.8% |
| Recurring financial income | 75 | €23,382 | €48,583 | +€25,201 | +107.8% |
| Financial charges | 65/66B | €2,026 | €1,592 | -€434 | -21.4% |
| Recurring financial charges | 65 | €2,026 | €1,592 | -€434 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €705,911 | €1,745,843 | +€1.0m | +147.3% |
| Transfer from deferred taxes | 780 | €16,472 | €16,472 | = | 0.0% |
| Income taxes | 67/77 | €190,356 | €468,158 | +€277,802 | +145.9% |
| Profit (loss) for the period | 9904 | €532,027 | €1,294,157 | +€762,130 | +143.3% |
| Transfer from tax-exempt reserves | 789 | €49,415 | €49,415 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €581,442 | €1,343,572 | +€762,130 | +131.1% |
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 12 October 2026 via checked.be.