FIMASER: 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
FIMASER
NACE 64.921, Financial service activities, except insurance and pension funding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €4.7m-€2.7m
Equity
-
not filed
Cash
€10.8m
2024 · €9.4m+€1.4m
Balance sheet total
€223.5m
2024 · €220.5m+€2.9m
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Short-term financial debts +€5.0m
up €5.0m (+2.7%), from €188.0m to €193.0m
Income statement
- Other operating charges +€6.7m
up €6.7m (+49.2%), from €13.7m to €20.4m
- Write-downs +€2.9m
up €2.9m (+49.3%), from -€5.8m to -€3.0m
- Other operating income +€858,270
up €858,270 (+12.8%), from €6.7m to €7.6m
- Staff costs +€710,429
up €710,429 (+9.7%), from €7.3m to €8.0m
- Financial charges -€637,941
down €637,941 (-8.4%), from €7.6m to €7.0m
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
€4.7m
Turnover
-€100,363
Other operating income
+€858,270
Services and other goods
-€5,824
Staff costs
-€710,429
Depreciation
-€205,637
Write-downs
-€2.9m
Provisions
-€212,312
Other operating charges
-€6.7m
Other operating items
+€6.2m
Financial income
-€20,585
Financial charges
+€637,941
Taxes
+€477,650
Result 2025
€2.0m
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
+€130,378
Investment
-€2.7m
Financing
+€4.0m
Cash 2024
€9.4m
From operations (derived)
+€130,378
Net result for the year
+€2.0m
Depreciation
+€612,233
Receivables after one year
-€105,294
Receivables within one year
+€132,283
Deferred charges and accrued income
+€547,872
Trade debts
-€512,426
Tax, wage and social debts
-€510,463
Other debts
-€1.5m
Accrued charges and deferred income
-€537,422
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€2.7m
Financing
+€4.0m
Short-term financial debts
+€5.0m
Contributions, distributions and other
-€1.0m
Not broken down
-€23,000
Cash 2025
€10.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,532,086 | €223,452,368 | +€2.9m | +1.3% |
| Fixed assets | 21/28 | €4,535,615 | €6,663,650 | +€2.1m | +46.9% |
| Intangible fixed assets | 21 | €1,747,867 | €2,093,666 | +€345,799 | +19.8% |
| Tangible fixed assets | 22/27 | €2,786,701 | €4,568,937 | +€1.8m | +64.0% |
| Furniture and vehicles | 24 | €6,201 | €4,469 | -€1,732 | -27.9% |
| Assets under construction and advance payments | 27 | €2,780,500 | €4,564,468 | +€1.8m | +64.2% |
| Financial fixed assets | 28 | €1,047 | €1,047 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,047 | €1,047 | = | 0.0% |
| Shares | 284 | €1,047 | €1,047 | = | 0.0% |
| Current assets | 29/58 | €215,996,471 | €216,788,719 | +€792,248 | +0.4% |
| Amounts receivable after more than one year | 29 | €51,213,489 | €51,318,783 | +€105,294 | +0.2% |
| Trade receivables | 290 | €51,213,489 | €51,318,783 | +€105,294 | +0.2% |
| Amounts receivable within one year | 40/41 | €149,429,711 | €149,297,428 | -€132,283 | -0.1% |
| Trade receivables | 40 | €142,858,613 | €141,209,211 | -€1.6m | -1.2% |
| Other amounts receivable | 41 | €6,571,098 | €8,088,217 | +€1.5m | +23.1% |
| Cash at bank and in hand | 54/58 | €9,389,391 | €10,756,501 | +€1.4m | +14.6% |
| Deferred charges and accrued income | 490/1 | €5,963,879 | €5,416,007 | -€547,872 | -9.2% |
| Total equity and liabilities | 10/49 | €220,532,086 | €223,452,368 | +€2.9m | +1.3% |
| Contributions | 10/11 | €8,655,202 | €8,655,202 | = | 0.0% |
| Capital | 10 | €8,655,202 | €8,655,202 | = | 0.0% |
| Issued capital | 100 | €8,655,202 | €8,655,202 | = | 0.0% |
| Reserves | 13 | €865,520 | €865,520 | = | 0.0% |
| Non-distributable reserves | 130/1 | €865,520 | €865,520 | = | 0.0% |
| Legal reserve | 130 | €865,520 | €865,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,131,540 | €11,136,473 | +€1.0m | +9.9% |
| Provisions for liabilities and charges | 160/5 | €23,000 | €0 | -€23,000 | -100.0% |
| Other liabilities and charges | 164/5 | €23,000 | €0 | -€23,000 | -100.0% |
| Amounts payable | 17/49 | €200,856,823 | €202,795,173 | +€1.9m | +1.0% |
| Amounts payable within one year | 42/48 | €198,021,979 | €200,497,751 | +€2.5m | +1.3% |
| Financial debts | 43 | €188,000,000 | €193,000,000 | +€5.0m | +2.7% |
| Credit institutions | 430/8 | €188,000,000 | €193,000,000 | +€5.0m | +2.7% |
| Trade debts | 44 | €4,143,377 | €3,630,951 | -€512,426 | -12.4% |
| Suppliers | 440/4 | €2,882,397 | €2,334,704 | -€547,693 | -19.0% |
| Bills of exchange payable | 441 | €1,260,980 | €1,296,247 | +€35,267 | +2.8% |
| Taxes, remuneration and social security | 45 | €1,696,205 | €1,185,742 | -€510,463 | -30.1% |
| Taxes | 450/3 | €418,883 | €185,978 | -€232,905 | -55.6% |
| Remuneration and social security | 454/9 | €1,277,321 | €999,763 | -€277,558 | -21.7% |
| Other amounts payable | 47/48 | €4,182,397 | €2,681,059 | -€1.5m | -35.9% |
| Accrued charges and deferred income | 492/3 | €2,834,844 | €2,297,422 | -€537,422 | -19.0% |
| Operating income | 70/76A | €34,294,980 | €41,213,543 | +€6.9m | +20.2% |
| Turnover | 70 | €24,955,086 | €24,854,723 | -€100,363 | -0.4% |
| Own construction capitalised | 72 | €600,000 | €1,010,189 | +€410,189 | +68.4% |
| Other operating income | 74 | €6,728,169 | €7,586,439 | +€858,270 | +12.8% |
| Non-recurring operating income | 76A | €2,011,725 | €7,762,191 | +€5.8m | +285.8% |
| Operating charges | 60/66A | €21,581,742 | €32,325,665 | +€10.7m | +49.8% |
| Services and other goods | 61 | €6,248,257 | €6,254,081 | +€5,824 | +0.1% |
| Remuneration, social security and pensions | 62 | €7,319,979 | €8,030,408 | +€710,429 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406,596 | €612,233 | +€205,637 | +50.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,834,168 | -€2,955,658 | +€2.9m | +49.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€235,312 | -€23,000 | +€212,312 | +90.2% |
| Other operating charges | 640/8 | €13,676,389 | €20,407,108 | +€6.7m | +49.2% |
| Non-recurring operating charges | 66A | - | €494 | +€494 | |
| Operating profit (loss) | 9901 | €12,713,239 | €8,887,878 | -€3.8m | -30.1% |
| Recurring financial income | 75 | €605,669 | €585,084 | -€20,585 | -3.4% |
| Income from current assets | 751 | €7,530 | €2,217 | -€5,313 | -70.6% |
| Other financial income | 752/9 | €598,139 | €582,867 | -€15,272 | -2.6% |
| Financial charges | 65/66B | €7,594,911 | €6,956,970 | -€637,941 | -8.4% |
| Recurring financial charges | 65 | €7,594,911 | €6,956,970 | -€637,941 | -8.4% |
| Debt charges | 650 | €7,402,295 | €6,715,768 | -€686,527 | -9.3% |
| Other financial charges | 652/9 | €192,616 | €241,203 | +€48,587 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €5,723,996 | €2,515,991 | -€3.2m | -56.0% |
| Income taxes | 67/77 | €988,708 | €511,058 | -€477,650 | -48.3% |
| Taxes | 670/3 | €1,067,114 | €511,058 | -€556,056 | -52.1% |
| Tax adjustments and reversals of tax provisions | 77 | €78,406 | - | -€78,406 | |
| Profit (loss) for the period | 9904 | €4,735,288 | €2,004,933 | -€2.7m | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,735,288 | €2,004,933 | -€2.7m | -57.7% |
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 1 October 2026 via checked.be.