FORIMCA: 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.
FORIMCA
Largest movements
- Current investments -€183,760
down €183,760 (-14.0%), from €1.3m to €1.1m
- Tangible fixed assets +€173,181
up €173,181 (+16.1%), from €1.1m to €1.2m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€13,303
up €13,303 (+46.2%), from €28,815 to €42,118
of which Financial income: +€13,316
- Taxes +€5,773
up €5,773 (+227.6%), from €2,536 to €8,309
- Gross operating margin -€3,348
down €3,348 (-36.3%), from €9,214 to €5,866
- Depreciation +€3,016
up €3,016 (+58.2%), from €5,183 to €8,199
- Other operating charges +€222
up €222 (+2.8%), from €7,863 to €8,085
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 | €4,452,728 | €4,476,260 | +€23,532 | +0.5% |
| Fixed assets | 21/28 | €1,075,438 | €1,248,619 | +€173,181 | +16.1% |
| Tangible fixed assets | 22/27 | €1,075,438 | €1,248,619 | +€173,181 | +16.1% |
| Land and buildings | 22 | €1,075,438 | €1,248,619 | +€173,181 | +16.1% |
| Current assets | 29/58 | €3,377,290 | €3,227,641 | -€149,649 | -4.4% |
| Amounts receivable after more than one year | 29 | €250 | €250 | = | 0.0% |
| Other amounts receivable | 291 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,060,377 | €2,089,436 | +€29,059 | +1.4% |
| Other amounts receivable | 41 | €2,060,377 | €2,089,436 | +€29,059 | +1.4% |
| Current investments | 50/53 | €1,308,312 | €1,124,552 | -€183,760 | -14.0% |
| Cash at bank and in hand | 54/58 | €6,360 | €11,663 | +€5,303 | +83.4% |
| Deferred charges and accrued income | 490/1 | €1,991 | €1,740 | -€251 | -12.6% |
| Total equity and liabilities | 10/49 | €4,452,728 | €4,476,260 | +€23,532 | +0.5% |
| Equity | 10/15 | €4,451,134 | €4,474,437 | +€23,303 | +0.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €4,389,161 | €4,412,464 | +€23,303 | +0.5% |
| Non-distributable reserves | 130/1 | €276,981 | €276,981 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Other | 1319 | €270,784 | €270,784 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,706,832 | €1,706,832 | = | 0.0% |
| Distributable reserves | 133 | €2,405,348 | €2,428,651 | +€23,303 | +1.0% |
| Amounts payable | 17/49 | €1,594 | €1,823 | +€229 | +14.4% |
| Amounts payable within one year | 42/48 | €228 | €428 | +€200 | +87.7% |
| Trade debts | 44 | €228 | €428 | +€200 | +87.7% |
| Suppliers | 440/4 | €228 | €428 | +€200 | +87.7% |
| Accrued charges and deferred income | 492/3 | €1,366 | €1,395 | +€29 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,183 | €8,199 | +€3,016 | +58.2% |
| Other operating charges | 640/8 | €7,863 | €8,085 | +€222 | +2.8% |
| Gross operating margin | 9900 | €9,214 | €5,866 | -€3,348 | -36.3% |
| Operating profit (loss) | 9901 | -€3,832 | -€10,418 | -€6,586 | -171.9% |
| Financial income | 75/76B | €28,815 | €42,118 | +€13,303 | +46.2% |
| Recurring financial income | 75 | €28,802 | €42,118 | +€13,316 | +46.2% |
| Non-recurring financial income | 76B | €13 | - | -€13 | |
| Financial charges | 65/66B | €136 | €88 | -€48 | -35.3% |
| Recurring financial charges | 65 | €136 | €88 | -€48 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €24,847 | €31,612 | +€6,765 | +27.2% |
| Income taxes | 67/77 | €2,536 | €8,309 | +€5,773 | +227.6% |
| Profit (loss) for the period | 9904 | €22,311 | €23,303 | +€992 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,311 | €23,303 | +€992 | +4.4% |
Source: filed annual accounts (NBB), fiscal years ended 29 December 2024 and 29 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.