FIMACS: 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.
FIMACS
Largest movements
- Cash +€79,741
up €79,741 (+13.5%), from €591,299 to €671,040
mainly Net result for the year (+€113,600) and Depreciation (+€31,758)
- Tangible fixed assets -€31,119
down €31,119 (-11.5%), from €270,786 to €239,668
of which Land and buildings: -€16,204
- Financial fixed assets +€12,233
up €12,233 (+9.4%), from €130,315 to €142,548
- Reserves +€113,600
up €113,600 (+12.2%), from €930,452 to €1.0m
of which Distributable reserves: +€113,600
- Other debts -€37,421
down €37,421 (-86.0%), from €43,502 to €6,081
- Gross operating margin +€38,115
up €38,115 (+22.9%), from €166,270 to €204,385
- Taxes +€8,054
up €8,054 (+17.7%), from €45,601 to €53,655
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 | €1,091,740 | €1,148,077 | +€56,337 | +5.2% |
| Fixed assets | 21/28 | €401,102 | €382,216 | -€18,886 | -4.7% |
| Tangible fixed assets | 22/27 | €270,786 | €239,668 | -€31,119 | -11.5% |
| Land and buildings | 22 | €241,346 | €225,142 | -€16,204 | -6.7% |
| Furniture and vehicles | 24 | €26,336 | €11,875 | -€14,461 | -54.9% |
| Other tangible fixed assets | 26 | €3,104 | €2,651 | -€453 | -14.6% |
| Financial fixed assets | 28 | €130,315 | €142,548 | +€12,233 | +9.4% |
| Current assets | 29/58 | €690,638 | €765,861 | +€75,223 | +10.9% |
| Amounts receivable within one year | 40/41 | €79,201 | €75,243 | -€3,959 | -5.0% |
| Trade receivables | 40 | €77,978 | €73,774 | -€4,204 | -5.4% |
| Other amounts receivable | 41 | €1,223 | €1,468 | +€245 | +20.0% |
| Current investments | 50/53 | €15,666 | €15,666 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €591,299 | €671,040 | +€79,741 | +13.5% |
| Deferred charges and accrued income | 490/1 | €4,472 | €3,913 | -€559 | -12.5% |
| Total equity and liabilities | 10/49 | €1,091,740 | €1,148,077 | +€56,337 | +5.2% |
| Equity | 10/15 | €999,552 | €1,113,151 | +€113,600 | +11.4% |
| Contributions | 10/11 | €69,100 | €69,100 | = | 0.0% |
| Reserves | 13 | €930,452 | €1,044,051 | +€113,600 | +12.2% |
| Non-distributable reserves | 130/1 | €3,527 | €3,527 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,527 | €3,527 | = | 0.0% |
| Distributable reserves | 133 | €926,925 | €1,040,525 | +€113,600 | +12.3% |
| Amounts payable | 17/49 | €92,188 | €34,926 | -€57,262 | -62.1% |
| Amounts payable within one year | 42/48 | €92,188 | €34,926 | -€57,262 | -62.1% |
| Current portion of amounts payable after more than one year | 42 | €7,161 | - | -€7,161 | |
| Trade debts | 44 | €5,798 | €4,311 | -€1,486 | -25.6% |
| Suppliers | 440/4 | €5,798 | €4,311 | -€1,486 | -25.6% |
| Taxes, remuneration and social security | 45 | €35,728 | €24,534 | -€11,195 | -31.3% |
| Taxes | 450/3 | €35,728 | €24,534 | -€11,195 | -31.3% |
| Other amounts payable | 47/48 | €43,502 | €6,081 | -€37,421 | -86.0% |
| Non-recurring operating income | 76A | - | €25,576 | +€25,576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,510 | €31,758 | +€1,247 | +4.1% |
| Other operating charges | 640/8 | €5,029 | €4,849 | -€179 | -3.6% |
| Gross operating margin | 9900 | €166,270 | €204,385 | +€38,115 | +22.9% |
| Operating profit (loss) | 9901 | €130,731 | €167,778 | +€37,047 | +28.3% |
| Financial income | 75/76B | €20 | €18 | -€2 | -9.6% |
| Recurring financial income | 75 | €20 | €18 | -€2 | -9.6% |
| Financial charges | 65/66B | €508 | €541 | +€33 | +6.6% |
| Recurring financial charges | 65 | €508 | €541 | +€33 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €130,243 | €167,255 | +€37,012 | +28.4% |
| Income taxes | 67/77 | €45,601 | €53,655 | +€8,054 | +17.7% |
| Profit (loss) for the period | 9904 | €84,642 | €113,600 | +€28,958 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,642 | €113,600 | +€28,958 | +34.2% |
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 24 October 2026 via checked.be.