FiPaMi: 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.
FiPaMi
Largest movements
- Tangible fixed assets -€13,350
down €13,350 (-3.5%), from €376,951 to €363,601
of which Land and buildings: -€13,236
- Profit (loss) carried forward -€28,289
down €28,289 (-22.6%), from -€124,953 to -€153,242
- Short-term financial debts +€11,315
up €11,315 (+103%), from €10,985 to €22,300
- Gross operating margin -€2,888
down €2,888 (-1,350%), from -€214 to -€3,102
- Depreciation -€1,434
down €1,434 (-5.6%), from €25,566 to €24,132
- Other operating charges -€229
down €229 (-21.4%), from €1,069 to €840
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 | €381,340 | €364,339 | -€17,001 | -4.5% |
| Fixed assets | 21/28 | €376,951 | €363,601 | -€13,350 | -3.5% |
| Tangible fixed assets | 22/27 | €376,951 | €363,601 | -€13,350 | -3.5% |
| Land and buildings | 22 | €376,768 | €363,532 | -€13,236 | -3.5% |
| Plant, machinery and equipment | 23 | €183 | €69 | -€114 | -62.3% |
| Current assets | 29/58 | €4,389 | €738 | -€3,651 | -83.2% |
| Cash at bank and in hand | 54/58 | €4,389 | €738 | -€3,651 | -83.2% |
| Total equity and liabilities | 10/49 | €381,340 | €364,339 | -€17,001 | -4.5% |
| Equity | 10/15 | €167,399 | €139,110 | -€28,289 | -16.9% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Revaluation surpluses | 12 | €184,972 | €184,972 | = | 0.0% |
| Reserves | 13 | €20,617 | €20,617 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,941 | €11,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,953 | -€153,242 | -€28,289 | -22.6% |
| Amounts payable | 17/49 | €213,941 | €225,229 | +€11,288 | +5.3% |
| Amounts payable within one year | 42/48 | €213,941 | €225,229 | +€11,288 | +5.3% |
| Financial debts | 43 | €10,985 | €22,300 | +€11,315 | +103% |
| Other loans | 439 | €10,985 | €22,300 | +€11,315 | +103% |
| Trade debts | 44 | €3,034 | €234 | -€2,800 | -92.3% |
| Suppliers | 440/4 | €3,034 | €234 | -€2,800 | -92.3% |
| Other amounts payable | 47/48 | €199,922 | €202,695 | +€2,773 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,566 | €24,132 | -€1,434 | -5.6% |
| Other operating charges | 640/8 | €1,069 | €840 | -€229 | -21.4% |
| Gross operating margin | 9900 | -€214 | -€3,102 | -€2,888 | -1,350% |
| Operating profit (loss) | 9901 | -€26,849 | -€28,074 | -€1,225 | -4.6% |
| Financial charges | 65/66B | €243 | €215 | -€28 | -11.5% |
| Recurring financial charges | 65 | €243 | €215 | -€28 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,092 | -€28,289 | -€1,197 | -4.4% |
| Profit (loss) for the period | 9904 | -€27,092 | -€28,289 | -€1,197 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,092 | -€28,289 | -€1,197 | -4.4% |
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 30 October 2026 via checked.be.