FIMMUS: 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
FIMMUS
fiscal year 2021 against 2022filed annual accounts (NBB)
Net result for the year
-€27,982
2021 · €433,776-€461,758
Equity
€6.8m
2021 · €6.8m-€27,982
Cash
€1.7m
2021 · €3.0m-€1.3m
Balance sheet total
€11.4m
2021 · €12.5m-€1.1m
Largest movements
Assets
- Cash -€1.3m
down €1.3m (-44.3%), from €3.0m to €1.7m
mainly Trade debts (-€705,657) and Receivables after one year (-€300,000)
- Receivables after one year +€300,000
new in 2022: €300,000
Equity and liabilities
- Trade debts -€705,657
down €705,657 (-95.1%), from €741,645 to €35,987
- Other debts -€282,126
down €282,126 (-67.7%), from €416,760 to €134,634
Income statement
- Turnover -€417,465
down €417,465 (-48.3%), from €863,605 to €446,140
- Financial income -€176,478
down €176,478 (-85.3%), from €206,923 to €30,445
of which Non-recurring financial income: -€176,464
- Taxes -€145,499
down €145,499 (-99.8%), from €145,733 to €234
- Financial charges +€66,393
up €66,393 (+94.4%), from €70,353 to €136,746
- Goods and materials -€60,856
down €60,856 (-81.5%), from €74,710 to €13,854
From the 2021 result to the 2022 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 2021
€433,776
Turnover
-€417,465
Other operating income
+€4,531
Goods and materials
+€60,856
Services and other goods
-€7,845
Staff costs
-€4,588
Other operating charges
+€125
Financial income
-€176,478
Financial charges
-€66,393
Taxes
+€145,499
Result 2022
-€27,982
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1.2m
Investment
€0
Financing
-€107,143
Cash 2021
€3.0m
From operations (derived)
-€1.2m
Net result for the year
-€27,982
Depreciation
+€15,402
Receivables after one year
-€300,000
Receivables within one year
+€51,574
Deferred charges and accrued income
+€4,922
Trade debts
-€705,657
Tax, wage and social debts
+€2,777
Other debts
-€282,126
Financing
-€107,143
Debts after one year
-€8,929
Current portion of long-term debt
-€98,214
Cash 2022
€1.7m
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,482,888 | €11,362,757 | -€1.1m | -9.0% |
| Fixed assets | 21/28 | €9,015,600 | €9,000,199 | -€15,402 | -0.2% |
| Tangible fixed assets | 22/27 | €476,031 | €460,629 | -€15,402 | -3.2% |
| Land and buildings | 22 | €471,948 | €457,265 | -€14,683 | -3.1% |
| Other tangible fixed assets | 26 | €4,083 | €3,364 | -€718 | -17.6% |
| Financial fixed assets | 28 | €8,539,570 | €8,539,570 | = | 0.0% |
| Affiliated companies | 280/1 | €8,539,570 | €8,539,570 | = | 0.0% |
| Participating interests | 280 | €7,017,345 | €7,017,345 | = | 0.0% |
| Amounts receivable | 281 | €1,522,225 | €1,522,225 | = | 0.0% |
| Current assets | 29/58 | €3,467,287 | €2,362,558 | -€1.1m | -31.9% |
| Amounts receivable after more than one year | 29 | - | €300,000 | +€300,000 | |
| Other amounts receivable | 291 | - | €300,000 | +€300,000 | |
| Amounts receivable within one year | 40/41 | €419,332 | €367,758 | -€51,574 | -12.3% |
| Trade receivables | 40 | €196,487 | €158,276 | -€38,211 | -19.4% |
| Other amounts receivable | 41 | €222,845 | €209,482 | -€13,363 | -6.0% |
| Cash at bank and in hand | 54/58 | €3,042,462 | €1,694,229 | -€1.3m | -44.3% |
| Deferred charges and accrued income | 490/1 | €5,493 | €571 | -€4,922 | -89.6% |
| Total equity and liabilities | 10/49 | €12,482,888 | €11,362,757 | -€1.1m | -9.0% |
| Equity | 10/15 | €6,849,332 | €6,821,350 | -€27,982 | -0.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,787,832 | €6,759,850 | -€27,982 | -0.4% |
| Non-distributable reserves | 130/1 | €756,150 | €756,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €750,000 | €750,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €739,663 | €739,663 | = | 0.0% |
| Distributable reserves | 133 | €5,292,019 | €5,264,037 | -€27,982 | -0.5% |
| Amounts payable | 17/49 | €5,633,555 | €4,541,407 | -€1.1m | -19.4% |
| Amounts payable after more than one year | 17 | €4,358,929 | €4,350,000 | -€8,929 | -0.2% |
| Financial debts | 170/4 | €4,358,929 | €4,350,000 | -€8,929 | -0.2% |
| Credit institutions | 173 | €8,929 | - | -€8,929 | |
| Other loans | 174 | €4,350,000 | €4,350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,274,627 | €191,407 | -€1.1m | -85.0% |
| Current portion of amounts payable after more than one year | 42 | €107,143 | €8,929 | -€98,214 | -91.7% |
| Trade debts | 44 | €741,645 | €35,987 | -€705,657 | -95.1% |
| Suppliers | 440/4 | €741,645 | €35,987 | -€705,657 | -95.1% |
| Taxes, remuneration and social security | 45 | €9,079 | €11,856 | +€2,777 | +30.6% |
| Taxes | 450/3 | €790 | €2,171 | +€1,381 | +174.8% |
| Remuneration and social security | 454/9 | €8,289 | €9,685 | +€1,396 | +16.8% |
| Other amounts payable | 47/48 | €416,760 | €134,634 | -€282,126 | -67.7% |
| Operating income | 70/76A | €983,391 | €570,457 | -€412,934 | -42.0% |
| Turnover | 70 | €863,605 | €446,140 | -€417,465 | -48.3% |
| Other operating income | 74 | €119,786 | €124,317 | +€4,531 | +3.8% |
| Operating charges | 60/66A | €540,452 | €491,905 | -€48,548 | -9.0% |
| Goods for resale, raw materials and consumables | 60 | €74,710 | €13,854 | -€60,856 | -81.5% |
| Purchases | 600/8 | €74,710 | €13,854 | -€60,856 | -81.5% |
| Services and other goods | 61 | €377,812 | €385,657 | +€7,845 | +2.1% |
| Remuneration, social security and pensions | 62 | €65,465 | €70,053 | +€4,588 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,402 | €15,402 | = | 0.0% |
| Other operating charges | 640/8 | €7,064 | €6,940 | -€125 | -1.8% |
| Operating profit (loss) | 9901 | €442,939 | €78,552 | -€364,386 | -82.3% |
| Financial income | 75/76B | €206,923 | €30,445 | -€176,478 | -85.3% |
| Recurring financial income | 75 | €30,459 | €30,445 | -€15 | 0.0% |
| Income from current assets | 751 | €30,444 | €30,445 | +€0 | 0.0% |
| Other financial income | 752/9 | €15 | - | -€15 | |
| Non-recurring financial income | 76B | €176,464 | - | -€176,464 | |
| Financial charges | 65/66B | €70,353 | €136,746 | +€66,393 | +94.4% |
| Recurring financial charges | 65 | €70,353 | €136,746 | +€66,393 | +94.4% |
| Debt charges | 650 | €69,326 | €136,026 | +€66,701 | +96.2% |
| Other financial charges | 652/9 | €1,027 | €719 | -€308 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €579,508 | -€27,749 | -€607,257 | |
| Income taxes | 67/77 | €145,733 | €234 | -€145,499 | -99.8% |
| Taxes | 670/3 | €145,733 | €234 | -€145,499 | -99.8% |
| Profit (loss) for the period | 9904 | €433,776 | -€27,982 | -€461,758 | |
| Profit (loss) for the period to be appropriated | 9905 | €433,776 | -€27,982 | -€461,758 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.