FIMAP: 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.
What changed
FIMAP
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.1m-€60,803
Equity
€27.2m
2024 · €10.9m+€16.4m
Cash
€905,764
2024 · €464,268+€441,497
Balance sheet total
€27.3m
2024 · €11.0m+€16.3m
Largest movements
Assets
- Current investments +€15.7m
up €15.7m (+196.3%), from €8.0m to €23.7m
- Cash +€441,497
up €441,497 (+95.1%), from €464,268 to €905,764
mainly Contributions, distributions and other (+€15.3m) and Net result for the year (+€1.1m)
Equity and liabilities
- Contributions +€15.3m
up €15.3m (+1020.0%), from €1.5m to €16.8m
- Reserves +€1.1m
up €1.1m (+11.3%), from €9.4m to €10.4m
of which Distributable reserves: +€1.0m
Income statement
- Financial income -€92,149
down €92,149 (-20.4%), from €450,922 to €358,773
- Turnover +€34,499
up €34,499 (+3.2%), from €1.1m to €1.1m
- Taxes -€20,268
down €20,268 (-5.4%), from €373,336 to €353,068
- Services and other goods +€16,070
up €16,070 (+98.2%), from €16,363 to €32,434
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
€1.1m
Turnover
+€34,499
Other operating income
+€3,777
Services and other goods
-€16,070
Depreciation
-€4,816
Other operating charges
-€6,280
Financial income
-€92,149
Financial charges
-€30
Taxes
+€20,268
Result 2025
€1.1m
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.
From operations
+€1.0m
Investment
-€15.9m
Financing
+€15.3m
Cash 2024
€464,268
From operations (derived)
+€1.0m
Net result for the year
+€1.1m
Depreciation
+€5,456
Smaller working-capital items
-€18,846
Tax, wage and social debts
-€39,276
Investment (derived)
-€15.9m
Investment in fixed assets (net)
-€165,043
Current investments
-€15.7m
Financing
+€15.3m
Contributions, distributions and other
+€15.3m
Cash 2025
€905,764
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,972,499 | €27,276,641 | +€16.3m | +148.6% |
| Fixed assets | 21/28 | €2,299,235 | €2,458,821 | +€159,587 | +6.9% |
| Tangible fixed assets | 22/27 | €2,294,985 | €2,454,571 | +€159,587 | +7.0% |
| Land and buildings | 22 | €2,294,985 | €2,454,571 | +€159,587 | +7.0% |
| Financial fixed assets | 28 | €4,250 | €4,250 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,250 | €4,250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,250 | €4,250 | = | 0.0% |
| Current assets | 29/58 | €8,673,264 | €24,817,820 | +€16.1m | +186.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €166,328 | €170,892 | +€4,563 | +2.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €166,328 | €170,892 | +€4,563 | +2.7% |
| Current investments | 50/53 | €8,000,000 | €23,700,000 | +€15.7m | +196.3% |
| Other investments | 51/53 | €8,000,000 | €23,700,000 | +€15.7m | +196.3% |
| Cash at bank and in hand | 54/58 | €464,268 | €905,764 | +€441,497 | +95.1% |
| Deferred charges and accrued income | 490/1 | €42,668 | €41,164 | -€1,504 | -3.5% |
| Total equity and liabilities | 10/49 | €10,972,499 | €27,276,641 | +€16.3m | +148.6% |
| Equity | 10/15 | €10,867,183 | €27,226,388 | +€16.4m | +150.5% |
| Contributions | 10/11 | €1,500,000 | €16,800,000 | +€15.3m | +1020.0% |
| Capital | 10 | €1,500,000 | €16,800,000 | +€15.3m | +1020.0% |
| Issued capital | 100 | €1,500,000 | €16,800,000 | +€15.3m | +1020.0% |
| Reserves | 13 | €9,367,183 | €10,426,388 | +€1.1m | +11.3% |
| Non-distributable reserves | 130/1 | €150,000 | €202,960 | +€52,960 | +35.3% |
| Legal reserve | 130 | €150,000 | €202,960 | +€52,960 | +35.3% |
| Tax-exempt reserves | 132 | €1,345,504 | €1,345,504 | = | 0.0% |
| Distributable reserves | 133 | €7,871,679 | €8,877,924 | +€1.0m | +12.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €105,316 | €50,253 | -€55,063 | -52.3% |
| Amounts payable within one year | 42/48 | €105,316 | €50,253 | -€55,063 | -52.3% |
| Trade debts | 44 | €4,832 | €5,060 | +€229 | +4.7% |
| Suppliers | 440/4 | €4,832 | €5,060 | +€229 | +4.7% |
| Taxes, remuneration and social security | 45 | €84,469 | €45,193 | -€39,276 | -46.5% |
| Taxes | 450/3 | €84,469 | €45,193 | -€39,276 | -46.5% |
| Other amounts payable | 47/48 | €16,015 | €0 | -€16,015 | -100.0% |
| Operating income | 70/76A | €1,182,393 | €1,220,669 | +€38,276 | +3.2% |
| Turnover | 70 | €1,062,050 | €1,096,548 | +€34,499 | +3.2% |
| Other operating income | 74 | €120,344 | €124,121 | +€3,777 | +3.1% |
| Operating charges | 60/66A | €139,670 | €166,837 | +€27,167 | +19.5% |
| Services and other goods | 61 | €16,363 | €32,434 | +€16,070 | +98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €5,456 | +€4,816 | +753.0% |
| Other operating charges | 640/8 | €122,667 | €128,947 | +€6,280 | +5.1% |
| Operating profit (loss) | 9901 | €1,042,723 | €1,053,832 | +€11,109 | +1.1% |
| Financial income | 75/76B | €450,922 | €358,773 | -€92,149 | -20.4% |
| Recurring financial income | 75 | €450,922 | €358,773 | -€92,149 | -20.4% |
| Income from financial fixed assets | 750 | €174,870 | €0 | -€174,870 | -100.0% |
| Income from current assets | 751 | €276,052 | €358,773 | +€82,721 | +30.0% |
| Financial charges | 65/66B | €301 | €331 | +€30 | +10.0% |
| Recurring financial charges | 65 | €301 | €331 | +€30 | +10.0% |
| Other financial charges | 652/9 | €301 | €331 | +€30 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €1,493,344 | €1,412,274 | -€81,070 | -5.4% |
| Income taxes | 67/77 | €373,336 | €353,068 | -€20,268 | -5.4% |
| Taxes | 670/3 | €373,336 | €353,068 | -€20,268 | -5.4% |
| Profit (loss) for the period | 9904 | €1,120,008 | €1,059,205 | -€60,803 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,120,008 | €1,059,205 | -€60,803 | -5.4% |
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 3 October 2026 via checked.be.