FIMADEB: 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.
FIMADEB
Largest movements
- Cash -€1.0m
down €1.0m (-97.2%), from €1.1m to €30,004
mainly Other debts (-€693,178) and Investment in fixed assets (net) (-€361,404)
- Financial fixed assets +€395,000
up €395,000 (+121%), from €327,525 to €722,525
- Receivables after one year -€370,000
down €370,000 (-14.8%), from €2.5m to €2.1m
- Other debts -€693,178
down €693,178 (-59.6%), from €1.2m to €469,140
- Reserves -€223,139
down €223,139 (-9.9%), from €2.3m to €2.0m
of which Distributable reserves: -€223,139
- Tax, wage and social debts -€49,325
down €49,325 (-38.5%), from €127,965 to €78,639
- Current portion of long-term debt -€48,458
down €48,458 (-66.8%), from €72,532 to €24,074
- Financial income -€805,411
down €805,411 (-85.2%), from €945,571 to €140,160
- Gross operating margin -€175,762
down €175,762, from €155,505 to -€20,257
- Taxes -€139,302
down €139,302 (-98.2%), from €141,911 to €2,609
- Financial charges -€12,959
down €12,959 (-76.6%), from €16,927 to €3,968
- Depreciation -€6,832
down €6,832 (-43.3%), from €15,774 to €8,943
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 | €4,557,705 | €3,514,640 | -€1.0m | -22.9% |
| Fixed assets | 21/28 | €845,645 | €1,198,106 | +€352,461 | +41.7% |
| Tangible fixed assets | 22/27 | €518,120 | €475,581 | -€42,539 | -8.2% |
| Land and buildings | 22 | €467,654 | €464,901 | -€2,752 | -0.6% |
| Furniture and vehicles | 24 | €50,467 | €10,680 | -€39,787 | -78.8% |
| Financial fixed assets | 28 | €327,525 | €722,525 | +€395,000 | +121% |
| Current assets | 29/58 | €3,712,060 | €2,316,534 | -€1.4m | -37.6% |
| Amounts receivable after more than one year | 29 | €2,492,500 | €2,122,500 | -€370,000 | -14.8% |
| Other amounts receivable | 291 | €2,492,500 | €2,122,500 | -€370,000 | -14.8% |
| Amounts receivable within one year | 40/41 | €100,978 | €99,796 | -€1,182 | -1.2% |
| Trade receivables | 40 | €100,978 | €97,405 | -€3,573 | -3.5% |
| Other amounts receivable | 41 | - | €2,391 | +€2,391 | |
| Cash at bank and in hand | 54/58 | €1,074,297 | €30,004 | -€1.0m | -97.2% |
| Deferred charges and accrued income | 490/1 | €44,285 | €64,234 | +€19,949 | +45.0% |
| Total equity and liabilities | 10/49 | €4,557,705 | €3,514,640 | -€1.0m | -22.9% |
| Equity | 10/15 | €2,925,073 | €2,701,934 | -€223,139 | -7.6% |
| Contributions | 10/11 | €667,000 | €667,000 | = | 0.0% |
| Capital | 10 | €667,000 | €667,000 | = | 0.0% |
| Issued capital | 100 | €667,000 | €667,000 | = | 0.0% |
| Reserves | 13 | €2,258,073 | €2,034,934 | -€223,139 | -9.9% |
| Non-distributable reserves | 130/1 | €66,700 | €66,700 | = | 0.0% |
| Legal reserve | 130 | €66,700 | €66,700 | = | 0.0% |
| Distributable reserves | 133 | €2,191,373 | €1,968,234 | -€223,139 | -10.2% |
| Amounts payable | 17/49 | €1,632,632 | €812,706 | -€819,926 | -50.2% |
| Amounts payable after more than one year | 17 | €260,144 | €235,693 | -€24,451 | -9.4% |
| Financial debts | 170/4 | €260,144 | €235,693 | -€24,451 | -9.4% |
| Amounts payable within one year | 42/48 | €1,365,583 | €573,113 | -€792,470 | -58.0% |
| Current portion of amounts payable after more than one year | 42 | €72,532 | €24,074 | -€48,458 | -66.8% |
| Trade debts | 44 | €2,768 | €1,260 | -€1,509 | -54.5% |
| Suppliers | 440/4 | €2,768 | €1,260 | -€1,509 | -54.5% |
| Taxes, remuneration and social security | 45 | €127,965 | €78,639 | -€49,325 | -38.5% |
| Taxes | 450/3 | €127,965 | €78,639 | -€49,325 | -38.5% |
| Other amounts payable | 47/48 | €1,162,318 | €469,140 | -€693,178 | -59.6% |
| Accrued charges and deferred income | 492/3 | €6,904 | €3,900 | -€3,004 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,774 | €8,943 | -€6,832 | -43.3% |
| Other operating charges | 640/8 | €3,755 | €3,605 | -€150 | -4.0% |
| Non-recurring operating charges | 66A | - | €23,596 | +€23,596 | |
| Gross operating margin | 9900 | €155,505 | -€20,257 | -€175,762 | |
| Operating profit (loss) | 9901 | €135,976 | -€56,400 | -€192,376 | |
| Financial income | 75/76B | €945,571 | €140,160 | -€805,411 | -85.2% |
| Recurring financial income | 75 | €945,571 | €140,160 | -€805,411 | -85.2% |
| Financial charges | 65/66B | €16,927 | €3,968 | -€12,959 | -76.6% |
| Recurring financial charges | 65 | €16,927 | €3,968 | -€12,959 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | €1,064,620 | €79,792 | -€984,828 | -92.5% |
| Income taxes | 67/77 | €141,911 | €2,609 | -€139,302 | -98.2% |
| Profit (loss) for the period | 9904 | €922,708 | €77,183 | -€845,525 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €922,708 | €77,183 | -€845,525 | -91.6% |
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 18 October 2026 via checked.be.