FIMAGO: 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.
What changed
FIMAGO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,509
2024 · €12,971-€10,462
Equity
€226,028
2024 · €223,520+€2,509
Cash
€7,861
2024 · €9,429-€1,568
Balance sheet total
€482,319
2024 · €514,357-€32,038
Largest movements
Assets
- Tangible fixed assets -€19,137
down €19,137 (-4.4%), from €430,695 to €411,558
of which Land and buildings: -€16,438
- Intangible fixed assets -€13,523
down €13,523 (-100%), from €13,523 to €0
Equity and liabilities
- Other debts -€24,703
down €24,703 (-75.8%), from €32,573 to €7,870
- Debts after one year -€12,319
down €12,319 (-5.3%), from €232,076 to €219,757
Income statement
- Gross operating margin -€9,067
down €9,067 (-18.4%), from €49,336 to €40,268
- Other operating charges +€2,212
up €2,212 (+264%), from €837 to €3,049
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.
Result 2024
€12,971
Gross operating margin
-€9,067
Depreciation
+€342
Other operating charges
-€2,212
Financial income
+€5
Financial charges
+€470
Result 2025
€2,509
raises the resultlowers the result
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.
From operations
+€10,557
Investment
-€109
Financing
-€12,016
Cash 2024
€9,429
From operations (derived)
+€10,557
Net result for the year
+€2,509
Depreciation
+€32,660
Receivables within one year
-€2,081
Trade debts
-€833
Tax, wage and social debts
+€3,005
Other debts
-€24,703
Investment (derived)
-€109
Investment in fixed assets (net)
-€109
Financing
-€12,016
Debts after one year
-€12,319
Current portion of long-term debt
+€304
Cash 2025
€7,861
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,357 | €482,319 | -€32,038 | -6.2% |
| Fixed assets | 21/28 | €502,437 | €469,886 | -€32,551 | -6.5% |
| Intangible fixed assets | 21 | €13,523 | €0 | -€13,523 | -100% |
| Tangible fixed assets | 22/27 | €430,695 | €411,558 | -€19,137 | -4.4% |
| Land and buildings | 22 | €410,698 | €394,260 | -€16,438 | -4.0% |
| Plant, machinery and equipment | 23 | €19,996 | €17,298 | -€2,698 | -13.5% |
| Financial fixed assets | 28 | €58,219 | €58,328 | +€109 | +0.2% |
| Current assets | 29/58 | €11,920 | €12,433 | +€513 | +4.3% |
| Amounts receivable within one year | 40/41 | €2,491 | €4,572 | +€2,081 | +83.5% |
| Trade receivables | 40 | €969 | €3,520 | +€2,552 | +263% |
| Other amounts receivable | 41 | €1,522 | €1,051 | -€471 | -30.9% |
| Cash at bank and in hand | 54/58 | €9,429 | €7,861 | -€1,568 | -16.6% |
| Total equity and liabilities | 10/49 | €514,357 | €482,319 | -€32,038 | -6.2% |
| Equity | 10/15 | €223,520 | €226,028 | +€2,509 | +1.1% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €3,249 | €3,249 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,389 | €1,389 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,329 | -€45,821 | +€2,509 | +5.2% |
| Amounts payable | 17/49 | €290,837 | €256,291 | -€34,547 | -11.9% |
| Amounts payable after more than one year | 17 | €232,076 | €219,757 | -€12,319 | -5.3% |
| Financial debts | 170/4 | €232,076 | €219,757 | -€12,319 | -5.3% |
| Amounts payable within one year | 42/48 | €58,761 | €36,534 | -€22,227 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €12,163 | €12,466 | +€304 | +2.5% |
| Trade debts | 44 | €1,058 | €225 | -€833 | -78.7% |
| Suppliers | 440/4 | €1,058 | €225 | -€833 | -78.7% |
| Advances received on contracts in progress | 46 | €5,380 | €5,380 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,587 | €10,592 | +€3,005 | +39.6% |
| Taxes | 450/3 | €7,587 | €10,592 | +€3,005 | +39.6% |
| Other amounts payable | 47/48 | €32,573 | €7,870 | -€24,703 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,003 | €32,660 | -€342 | -1.0% |
| Other operating charges | 640/8 | €837 | €3,049 | +€2,212 | +264% |
| Gross operating margin | 9900 | €49,336 | €40,268 | -€9,067 | -18.4% |
| Operating profit (loss) | 9901 | €15,496 | €4,559 | -€10,937 | -70.6% |
| Financial income | 75/76B | €62 | €67 | +€5 | +8.3% |
| Recurring financial income | 75 | €62 | €67 | +€5 | +8.3% |
| Financial charges | 65/66B | €2,586 | €2,117 | -€470 | -18.2% |
| Recurring financial charges | 65 | €2,586 | €2,117 | -€470 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €12,971 | €2,509 | -€10,462 | -80.7% |
| Profit (loss) for the period | 9904 | €12,971 | €2,509 | -€10,462 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,971 | €2,509 | -€10,462 | -80.7% |
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 14 October 2026 via checked.be.