FIMAG: what changed
Two fiscal 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.
FIMAG
Largest movements
- Receivables within one year +€573,763
up €573,763 (+914509.7%), from €63 to €573,826
- Current investments -€280,000
down €280,000 (-52.9%), from €529,690 to €249,690
- Cash -€28,322
down €28,322 (-26.2%), from €108,283 to €79,961
mainly Receivables within one year (-€573,763) and Debts after one year (-€50,000)
- Tangible fixed assets -€23,115
down €23,115 (-5.9%), from €391,660 to €368,545
- Debts within one year +€275,228
up €275,228 (+1387.3%), from €19,839 to €295,067
- Debts after one year -€50,000
down €50,000 (-6.3%), from €800,000 to €750,000
- Profit (loss) carried forward +€16,964
up €16,964 (+1.1%), from -€1.6m to -€1.6m
- Gross operating margin -€2,212
down €2,212, from €151 to -€2,061
From the 2016 result to the 2017 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 2016 and 2017 balance sheets and the 2017 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,029,946 | €1,272,022 | +€242,076 | +23.5% |
| Fixed assets | 21/28 | €391,910 | €368,545 | -€23,365 | -6.0% |
| Tangible fixed assets | 22/27 | €391,660 | €368,545 | -€23,115 | -5.9% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €638,036 | €903,477 | +€265,442 | +41.6% |
| Amounts receivable within one year | 40/41 | €63 | €573,826 | +€573,763 | +914509.7% |
| Current investments | 50/53 | €529,690 | €249,690 | -€280,000 | -52.9% |
| Cash at bank and in hand | 54/58 | €108,283 | €79,961 | -€28,322 | -26.2% |
| Total equity and liabilities | 10/49 | €1,029,946 | €1,272,022 | +€242,076 | +23.5% |
| Equity | 10/15 | €209,991 | €226,955 | +€16,964 | +8.1% |
| Contributions | 10/11 | €1,690,000 | €1,690,000 | = | 0.0% |
| Reserves | 13 | €93,820 | €93,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,573,829 | -€1,556,865 | +€16,964 | +1.1% |
| Amounts payable | 17/49 | €819,955 | €1,045,067 | +€225,112 | +27.5% |
| Amounts payable after more than one year | 17 | €800,000 | €750,000 | -€50,000 | -6.3% |
| Amounts payable within one year | 42/48 | €19,839 | €295,067 | +€275,228 | +1387.3% |
| Trade debts | 44 | €2,955 | €7,494 | +€4,539 | +153.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,115 | €23,115 | = | 0.0% |
| Gross operating margin | 9900 | €151 | -€2,061 | -€2,212 | |
| Operating profit (loss) | 9901 | -€26,018 | -€28,213 | -€2,195 | -8.4% |
| Recurring financial income | 75 | €426 | €46,716 | +€46,290 | +10856.7% |
| Recurring financial charges | 65 | €567 | €1,539 | +€973 | +171.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,158 | €16,964 | +€43,122 | |
| Profit (loss) for the period | 9904 | -€26,158 | €16,964 | +€43,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,158 | €16,964 | +€43,122 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2016 and 30 June 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.