FIMATOUR: 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.
FIMATOUR
Largest movements
- Tangible fixed assets +€491,035
up €491,035 (+103%), from €476,906 to €967,941
of which Furniture and vehicles: +€499,721
- Cash -€250,240
down €250,240 (-53.6%), from €466,684 to €216,444
mainly Investment in fixed assets (net) (-€614,800) and Tax, wage and social debts (-€34,215)
- Receivables within one year +€25,166
up €25,166 (+129%), from €19,566 to €44,732
of which Other amounts receivable: +€27,315
- Deferred charges and accrued income +€14,250
up €14,250 (+9,741%), from €146 to €14,397
- Debts after one year +€163,585
up €163,585 (+30.0%), from €544,854 to €708,440
- Trade debts +€86,510
up €86,510 (+437%), from €19,788 to €106,298
- Tax, wage and social debts -€34,215
down €34,215 (-84.6%), from €40,460 to €6,245
of which Taxes: -€26,122
- Accrued charges and deferred income +€28,806
new in 2025: €28,806
- Current portion of long-term debt +€28,225
up €28,225 (+50.0%), from €56,421 to €84,646
- Gross operating margin -€118,527
down €118,527 (-29.1%), from €406,731 to €288,205
- Depreciation +€37,700
up €37,700 (+43.8%), from €86,065 to €123,765
- Taxes -€24,097
down €24,097 (-81.2%), from €29,665 to €5,568
- Financial charges +€14,550
up €14,550 (+220%), from €6,614 to €21,163
- Staff costs -€10,826
down €10,826 (-8.4%), from €128,292 to €117,465
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €963,301 | €1,243,513 | +€280,212 | +29.1% |
| Fixed assets | 21/28 | €476,906 | €967,941 | +€491,035 | +103% |
| Tangible fixed assets | 22/27 | €476,906 | €967,941 | +€491,035 | +103% |
| Land and buildings | 22 | €354,226 | €345,540 | -€8,686 | -2.5% |
| Furniture and vehicles | 24 | €122,680 | €622,401 | +€499,721 | +407% |
| Current assets | 29/58 | €486,396 | €275,572 | -€210,824 | -43.3% |
| Amounts receivable within one year | 40/41 | €19,566 | €44,732 | +€25,166 | +129% |
| Trade receivables | 40 | €19,437 | €17,288 | -€2,149 | -11.1% |
| Other amounts receivable | 41 | €129 | €27,444 | +€27,315 | +21,174% |
| Cash at bank and in hand | 54/58 | €466,684 | €216,444 | -€250,240 | -53.6% |
| Deferred charges and accrued income | 490/1 | €146 | €14,397 | +€14,250 | +9,741% |
| Total equity and liabilities | 10/49 | €963,301 | €1,243,513 | +€280,212 | +29.1% |
| Equity | 10/15 | €260,615 | €284,101 | +€23,487 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,015 | €265,501 | +€23,487 | +9.7% |
| Tax-exempt reserves | 132 | €56,200 | €43,499 | -€12,701 | -22.6% |
| Distributable reserves | 133 | €185,815 | €222,003 | +€36,188 | +19.5% |
| Provisions and deferred taxes | 16 | €24,050 | €20,875 | -€3,175 | -13.2% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Environmental obligations | 163 | €10,000 | €10,000 | = | 0.0% |
| Deferred taxes | 168 | €14,050 | €10,875 | -€3,175 | -22.6% |
| Amounts payable | 17/49 | €678,637 | €938,537 | +€259,900 | +38.3% |
| Amounts payable after more than one year | 17 | €544,854 | €708,440 | +€163,585 | +30.0% |
| Financial debts | 170/4 | €544,854 | €708,440 | +€163,585 | +30.0% |
| Amounts payable within one year | 42/48 | €133,782 | €201,292 | +€67,509 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €56,421 | €84,646 | +€28,225 | +50.0% |
| Trade debts | 44 | €19,788 | €106,298 | +€86,510 | +437% |
| Suppliers | 440/4 | €19,788 | €106,298 | +€86,510 | +437% |
| Advances received on contracts in progress | 46 | €4,102 | €4,102 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €40,460 | €6,245 | -€34,215 | -84.6% |
| Taxes | 450/3 | €28,746 | €2,624 | -€26,122 | -90.9% |
| Remuneration and social security | 454/9 | €11,714 | €3,621 | -€8,093 | -69.1% |
| Other amounts payable | 47/48 | €13,011 | - | -€13,011 | |
| Accrued charges and deferred income | 492/3 | - | €28,806 | +€28,806 | |
| Non-recurring operating income | 76A | €70,663 | - | -€70,663 | |
| Remuneration, social security and pensions | 62 | €128,292 | €117,465 | -€10,826 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,065 | €123,765 | +€37,700 | +43.8% |
| Other operating charges | 640/8 | €2,255 | €2,326 | +€71 | +3.1% |
| Gross operating margin | 9900 | €406,731 | €288,205 | -€118,527 | -29.1% |
| Operating profit (loss) | 9901 | €190,120 | €44,649 | -€145,471 | -76.5% |
| Financial income | 75/76B | €1,377 | €2,394 | +€1,017 | +73.9% |
| Recurring financial income | 75 | €1,377 | €2,394 | +€1,017 | +73.9% |
| Financial charges | 65/66B | €6,614 | €21,163 | +€14,550 | +220% |
| Recurring financial charges | 65 | €6,614 | €21,163 | +€14,550 | +220% |
| Profit (loss) for the period before taxes | 9903 | €184,883 | €25,880 | -€159,003 | -86.0% |
| Transfer from deferred taxes | 780 | - | €3,175 | +€3,175 | |
| Transfer to deferred taxes | 680 | €14,050 | - | -€14,050 | |
| Income taxes | 67/77 | €29,665 | €5,568 | -€24,097 | -81.2% |
| Profit (loss) for the period | 9904 | €141,168 | €23,487 | -€117,681 | -83.4% |
| Transfer from tax-exempt reserves | 789 | - | €12,701 | +€12,701 | |
| Transfer to tax-exempt reserves | 689 | €56,200 | - | -€56,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,968 | €36,188 | -€48,780 | -57.4% |
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 16 October 2026 via checked.be.