Fimasco: 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.
Fimasco
Largest movements
- Receivables within one year -€428,966
down €428,966 (-55.2%), from €777,286 to €348,320
of which Other amounts receivable: -€435,274
- Tangible fixed assets -€15,165
down €15,165 (-7.8%), from €194,592 to €179,427
- Cash -€10,686
down €10,686 (-71.6%), from €14,915 to €4,229
mainly Contributions, distributions and other (-€477,757) and Trade debts (-€215)
- Reserves -€477,757
down €477,757 (-67.5%), from €708,183 to €230,426
of which Distributable reserves: -€477,757
- Profit (loss) carried forward +€23,156
up €23,156 (+24.8%), from €93,490 to €116,646
- Depreciation -€30,864
down €30,864 (-67.1%), from €46,029 to €15,165
- Gross operating margin -€12,437
down €12,437 (-18.8%), from €66,017 to €53,580
- Taxes -€6,717
no longer reported in 2023 (was €6,717)
- Other operating charges -€791
down €791 (-81.1%), from €975 to €184
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €986,793 | €531,977 | -€454,816 | -46.1% |
| Fixed assets | 21/28 | €194,592 | €179,427 | -€15,165 | -7.8% |
| Tangible fixed assets | 22/27 | €194,592 | €179,427 | -€15,165 | -7.8% |
| Land and buildings | 22 | €194,592 | €179,427 | -€15,165 | -7.8% |
| Current assets | 29/58 | €792,201 | €352,550 | -€439,651 | -55.5% |
| Amounts receivable within one year | 40/41 | €777,286 | €348,320 | -€428,966 | -55.2% |
| Trade receivables | 40 | €9,355 | €15,664 | +€6,308 | +67.4% |
| Other amounts receivable | 41 | €767,931 | €332,657 | -€435,274 | -56.7% |
| Cash at bank and in hand | 54/58 | €14,915 | €4,229 | -€10,686 | -71.6% |
| Total equity and liabilities | 10/49 | €986,793 | €531,977 | -€454,816 | -46.1% |
| Equity | 10/15 | €863,646 | €409,045 | -€454,601 | -52.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €708,183 | €230,426 | -€477,757 | -67.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €701,986 | €224,229 | -€477,757 | -68.1% |
| Profit (loss) carried forward | 14 | €93,490 | €116,646 | +€23,156 | +24.8% |
| Provisions and deferred taxes | 16 | €6,763 | €6,763 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,763 | €6,763 | = | 0.0% |
| Pensions and similar obligations | 160 | €6,763 | €6,763 | = | 0.0% |
| Amounts payable | 17/49 | €116,385 | €116,170 | -€215 | -0.2% |
| Amounts payable within one year | 42/48 | €116,385 | €116,170 | -€215 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €104,583 | €104,583 | = | 0.0% |
| Financial debts | 43 | €2,953 | €2,953 | = | 0.0% |
| Credit institutions | 430/8 | €2,953 | €2,953 | = | 0.0% |
| Trade debts | 44 | €2,132 | €1,917 | -€215 | -10.1% |
| Suppliers | 440/4 | €2,132 | €1,917 | -€215 | -10.1% |
| Taxes, remuneration and social security | 45 | €6,717 | €6,717 | = | 0.0% |
| Taxes | 450/3 | €6,717 | €6,717 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,029 | €15,165 | -€30,864 | -67.1% |
| Other operating charges | 640/8 | €975 | €184 | -€791 | -81.1% |
| Non-recurring operating charges | 66A | €496 | €13,990 | +€13,494 | +2721.7% |
| Gross operating margin | 9900 | €66,017 | €53,580 | -€12,437 | -18.8% |
| Operating profit (loss) | 9901 | €18,518 | €24,241 | +€5,724 | +30.9% |
| Financial charges | 65/66B | €1,272 | €1,085 | -€186 | -14.6% |
| Recurring financial charges | 65 | €1,272 | €1,085 | -€186 | -14.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €17,246 | €23,156 | +€5,910 | +34.3% |
| Income taxes | 67/77 | €6,717 | - | -€6,717 | |
| Profit (loss) for the period | 9904 | €10,529 | €23,156 | +€12,627 | +119.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,529 | €23,156 | +€12,627 | +119.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.