FIMAHY: 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.
FIMAHY
Largest movements
- Tangible fixed assets -€93,065
down €93,065 (-15.2%), from €612,810 to €519,745
of which Land and buildings: -€62,732
- Current investments +€80,477
up €80,477 (+9.8%), from €824,282 to €904,759
- Cash +€58,004
up €58,004 (+10.0%), from €580,027 to €638,031
mainly Net result for the year (+€171,159) and Depreciation (+€95,220)
- Receivables within one year +€22,446
up €22,446 (+16.1%), from €139,143 to €161,588
of which Other amounts receivable: +€11,336
- Reserves +€171,159
up €171,159 (+9.6%), from €1.8m to €2.0m
of which Distributable reserves: +€171,159
- Trade debts -€53,852
down €53,852 (-57.0%), from €94,545 to €40,693
- Debts after one year -€44,708
down €44,708 (-27.4%), from €163,281 to €118,574
- Gross operating margin +€87,164
up €87,164 (+10.5%), from €829,315 to €916,478
- Taxes +€28,980
up €28,980 (+50.4%), from €57,460 to €86,439
- Other operating charges +€28,152
new in 2025: €28,152
- Write-downs -€27,083
no longer reported in 2025 (was €27,083)
- Staff costs -€9,435
down €9,435 (-1.7%), from €548,138 to €538,703
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.
Cash bridge derived
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 | €2,169,008 | €2,232,875 | +€63,867 | +2.9% |
| Fixed assets | 21/28 | €612,810 | €519,745 | -€93,065 | -15.2% |
| Tangible fixed assets | 22/27 | €612,810 | €519,745 | -€93,065 | -15.2% |
| Land and buildings | 22 | €502,461 | €439,728 | -€62,732 | -12.5% |
| Plant, machinery and equipment | 23 | €32,715 | €27,433 | -€5,283 | -16.1% |
| Furniture and vehicles | 24 | €76,969 | €52,252 | -€24,717 | -32.1% |
| Other tangible fixed assets | 26 | €666 | €333 | -€333 | -50.0% |
| Current assets | 29/58 | €1,556,198 | €1,713,129 | +€156,931 | +10.1% |
| Amounts receivable within one year | 40/41 | €139,143 | €161,588 | +€22,446 | +16.1% |
| Trade receivables | 40 | €101,711 | €112,820 | +€11,109 | +10.9% |
| Other amounts receivable | 41 | €37,432 | €48,768 | +€11,336 | +30.3% |
| Current investments | 50/53 | €824,282 | €904,759 | +€80,477 | +9.8% |
| Cash at bank and in hand | 54/58 | €580,027 | €638,031 | +€58,004 | +10.0% |
| Deferred charges and accrued income | 490/1 | €12,746 | €8,751 | -€3,995 | -31.3% |
| Total equity and liabilities | 10/49 | €2,169,008 | €2,232,875 | +€63,867 | +2.9% |
| Equity | 10/15 | €1,793,060 | €1,964,220 | +€171,159 | +9.5% |
| Contributions | 10/11 | €9,305 | €9,305 | = | 0.0% |
| Reserves | 13 | €1,783,755 | €1,954,915 | +€171,159 | +9.6% |
| Tax-exempt reserves | 132 | €46,500 | €46,500 | = | 0.0% |
| Distributable reserves | 133 | €1,737,255 | €1,908,415 | +€171,159 | +9.9% |
| Amounts payable | 17/49 | €375,948 | €268,655 | -€107,293 | -28.5% |
| Amounts payable after more than one year | 17 | €163,281 | €118,574 | -€44,708 | -27.4% |
| Financial debts | 170/4 | €163,281 | €118,574 | -€44,708 | -27.4% |
| Amounts payable within one year | 42/48 | €210,666 | €148,066 | -€62,600 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €54,527 | €45,057 | -€9,470 | -17.4% |
| Trade debts | 44 | €94,545 | €40,693 | -€53,852 | -57.0% |
| Suppliers | 440/4 | €94,545 | €40,693 | -€53,852 | -57.0% |
| Taxes, remuneration and social security | 45 | €49,671 | €57,593 | +€7,922 | +15.9% |
| Remuneration and social security | 454/9 | €49,671 | €57,593 | +€7,922 | +15.9% |
| Other amounts payable | 47/48 | €11,924 | €4,723 | -€7,200 | -60.4% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,015 | +€15 | +0.7% |
| Remuneration, social security and pensions | 62 | €548,138 | €538,703 | -€9,435 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,857 | €95,220 | -€637 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,083 | - | -€27,083 | |
| Other operating charges | 640/8 | - | €28,152 | +€28,152 | |
| Gross operating margin | 9900 | €829,315 | €916,478 | +€87,164 | +10.5% |
| Operating profit (loss) | 9901 | €158,237 | €254,403 | +€96,166 | +60.8% |
| Financial income | 75/76B | €14,760 | €6,388 | -€8,372 | -56.7% |
| Recurring financial income | 75 | €14,760 | €6,388 | -€8,372 | -56.7% |
| Financial charges | 65/66B | €2,437 | €3,192 | +€756 | +31.0% |
| Recurring financial charges | 65 | €2,437 | €3,192 | +€756 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €170,560 | €257,599 | +€87,039 | +51.0% |
| Income taxes | 67/77 | €57,460 | €86,439 | +€28,980 | +50.4% |
| Profit (loss) for the period | 9904 | €113,100 | €171,159 | +€58,059 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,100 | €171,159 | +€58,059 | +51.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.