Fimvest: 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.
Fimvest
Largest movements
- Current investments +€380,000
up €380,000 (+506.7%), from €75,000 to €455,000
- Receivables within one year -€278,732
down €278,732 (-96.7%), from €288,273 to €9,541
of which Other amounts receivable: -€260,000
- Tangible fixed assets -€25,517
down €25,517 (-11.1%), from €229,212 to €203,696
of which Furniture and vehicles: -€13,361
- Cash +€14,756
up €14,756 (+27.1%), from €54,434 to €69,190
mainly Receivables within one year (+€278,732) and Net result for the year (+€82,396)
- Reserves +€72,396
up €72,396 (+16.3%), from €443,173 to €515,569
of which Distributable reserves: +€72,396
- Tax, wage and social debts +€13,401
up €13,401 (+24.6%), from €54,390 to €67,790
- Other debts +€12,210
up €12,210 (+896.8%), from €1,361 to €13,571
- Debts after one year -€9,547
down €9,547 (-7.1%), from €134,138 to €124,591
- Financial income +€58,126
up €58,126 (+4231.9%), from €1,374 to €59,500
- Taxes +€9,368
up €9,368 (+44.8%), from €20,893 to €30,262
- Gross operating margin -€8,357
down €8,357 (-8.5%), from €98,889 to €90,531
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,919 | €750,411 | +€92,492 | +14.1% |
| Fixed assets | 21/28 | €240,212 | €214,696 | -€25,517 | -10.6% |
| Tangible fixed assets | 22/27 | €229,212 | €203,696 | -€25,517 | -11.1% |
| Land and buildings | 22 | €133,250 | €123,000 | -€10,250 | -7.7% |
| Plant, machinery and equipment | 23 | - | €1,622 | +€1,622 | |
| Furniture and vehicles | 24 | €49,013 | €35,652 | -€13,361 | -27.3% |
| Other tangible fixed assets | 26 | €46,950 | €43,422 | -€3,528 | -7.5% |
| Financial fixed assets | 28 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €417,707 | €535,715 | +€118,009 | +28.3% |
| Amounts receivable within one year | 40/41 | €288,273 | €9,541 | -€278,732 | -96.7% |
| Trade receivables | 40 | €28,273 | €9,541 | -€18,732 | -66.3% |
| Other amounts receivable | 41 | €260,000 | - | -€260,000 | |
| Current investments | 50/53 | €75,000 | €455,000 | +€380,000 | +506.7% |
| Cash at bank and in hand | 54/58 | €54,434 | €69,190 | +€14,756 | +27.1% |
| Deferred charges and accrued income | 490/1 | - | €1,984 | +€1,984 | |
| Total equity and liabilities | 10/49 | €657,919 | €750,411 | +€92,492 | +14.1% |
| Equity | 10/15 | €455,573 | €527,969 | +€72,396 | +15.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €443,173 | €515,569 | +€72,396 | +16.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €441,313 | €513,709 | +€72,396 | +16.4% |
| Amounts payable | 17/49 | €202,346 | €222,442 | +€20,096 | +9.9% |
| Amounts payable after more than one year | 17 | €134,138 | €124,591 | -€9,547 | -7.1% |
| Financial debts | 170/4 | €134,138 | €124,591 | -€9,547 | -7.1% |
| Amounts payable within one year | 42/48 | €68,208 | €97,851 | +€29,643 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €9,359 | €9,547 | +€188 | +2.0% |
| Trade debts | 44 | €3,097 | €6,942 | +€3,844 | +124.1% |
| Suppliers | 440/4 | €3,097 | €6,942 | +€3,844 | +124.1% |
| Taxes, remuneration and social security | 45 | €54,390 | €67,790 | +€13,401 | +24.6% |
| Taxes | 450/3 | €54,390 | €67,790 | +€13,401 | +24.6% |
| Other amounts payable | 47/48 | €1,361 | €13,571 | +€12,210 | +896.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,351 | €32,171 | +€820 | +2.6% |
| Other operating charges | 640/8 | €2,538 | €2,249 | -€289 | -11.4% |
| Gross operating margin | 9900 | €98,889 | €90,531 | -€8,357 | -8.5% |
| Operating profit (loss) | 9901 | €65,000 | €56,112 | -€8,888 | -13.7% |
| Financial income | 75/76B | €1,374 | €59,500 | +€58,126 | +4231.9% |
| Recurring financial income | 75 | €1,374 | €59,500 | +€58,126 | +4231.9% |
| Financial charges | 65/66B | €3,310 | €2,954 | -€356 | -10.7% |
| Recurring financial charges | 65 | €3,310 | €2,954 | -€356 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €63,064 | €112,658 | +€49,594 | +78.6% |
| Income taxes | 67/77 | €20,893 | €30,262 | +€9,368 | +44.8% |
| Profit (loss) for the period | 9904 | €42,171 | €82,396 | +€40,225 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,171 | €82,396 | +€40,225 | +95.4% |
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 8 October 2026 via checked.be.