FIMAGI: 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.
FIMAGI
Largest movements
- Cash +€45,640
up €45,640 (+59.8%), from €76,263 to €121,903
mainly Net result for the year (+€64,025) and Depreciation (+€12,287)
- Reserves +€64,025
up €64,025 (+3.4%), from €1.9m to €2.0m
- Financial income -€135,003
down €135,003 (-77.1%), from €175,003 to €40,000
- Taxes -€12,239
down €12,239 (-42.0%), from €29,160 to €16,922
- Gross operating margin +€999
up €999 (+1.8%), from €54,096 to €55,096
- Depreciation +€643
up €643 (+5.5%), from €11,644 to €12,287
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 | €2,682,360 | €2,719,330 | +€36,970 | +1.4% |
| Fixed assets | 21/28 | €2,288,879 | €2,280,210 | -€8,669 | -0.4% |
| Tangible fixed assets | 22/27 | €38,879 | €30,210 | -€8,669 | -22.3% |
| Furniture and vehicles | 24 | €35,603 | €27,412 | -€8,191 | -23.0% |
| Other tangible fixed assets | 26 | €3,276 | €2,798 | -€478 | -14.6% |
| Financial fixed assets | 28 | €2,250,000 | €2,250,000 | = | 0.0% |
| Current assets | 29/58 | €393,481 | €439,120 | +€45,639 | +11.6% |
| Amounts receivable within one year | 40/41 | €12,100 | €12,100 | = | 0.0% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €76,263 | €121,903 | +€45,640 | +59.8% |
| Deferred charges and accrued income | 490/1 | €5,118 | €5,118 | -€1 | 0.0% |
| Total equity and liabilities | 10/49 | €2,682,360 | €2,719,330 | +€36,970 | +1.4% |
| Equity | 10/15 | €2,637,621 | €2,701,646 | +€64,025 | +2.4% |
| Contributions | 10/11 | €747,000 | €747,000 | = | 0.0% |
| Reserves | 13 | €1,890,621 | €1,954,646 | +€64,025 | +3.4% |
| Distributable reserves | 133 | €1,890,621 | €1,954,646 | +€64,025 | +3.4% |
| Amounts payable | 17/49 | €44,739 | €17,684 | -€27,055 | -60.5% |
| Amounts payable within one year | 42/48 | €44,739 | €17,684 | -€27,055 | -60.5% |
| Trade debts | 44 | €13,701 | €473 | -€13,227 | -96.5% |
| Suppliers | 440/4 | €13,701 | €473 | -€13,227 | -96.5% |
| Taxes, remuneration and social security | 45 | €26,961 | €12,931 | -€14,030 | -52.0% |
| Taxes | 450/3 | €25,011 | €12,931 | -€12,080 | -48.3% |
| Remuneration and social security | 454/9 | €1,950 | €0 | -€1,950 | -100% |
| Other amounts payable | 47/48 | €4,077 | €4,279 | +€202 | +5.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,644 | €12,287 | +€643 | +5.5% |
| Other operating charges | 640/8 | €1,263 | €1,318 | +€55 | +4.3% |
| Gross operating margin | 9900 | €54,096 | €55,096 | +€999 | +1.8% |
| Operating profit (loss) | 9901 | €41,189 | €41,491 | +€302 | +0.7% |
| Financial income | 75/76B | €175,003 | €40,000 | -€135,003 | -77.1% |
| Recurring financial income | 75 | €175,003 | €40,000 | -€135,003 | -77.1% |
| Financial charges | 65/66B | €336 | €544 | +€208 | +62.1% |
| Recurring financial charges | 65 | €336 | €544 | +€208 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €215,856 | €80,947 | -€134,909 | -62.5% |
| Income taxes | 67/77 | €29,160 | €16,922 | -€12,239 | -42.0% |
| Profit (loss) for the period | 9904 | €186,696 | €64,025 | -€122,671 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €186,696 | €64,025 | -€122,671 | -65.7% |
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.