Group Fimmus: 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.
What changed
Group Fimmus
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€342,550
2024 · €1.1m-€742,073
Equity
€8.7m
2024 · €8.4m+€342,550
Cash
€1.6m
2024 · €446,707+€1.2m
Balance sheet total
€27.8m
2024 · €23.1m+€4.7m
Largest movements
Assets
- Financial fixed assets +€4.5m
up €4.5m (+23.7%), from €19.0m to €23.5m
of which Affiliated companies: +€4.5m
- Cash +€1.2m
up €1.2m (+269%), from €446,707 to €1.6m
mainly Debts after one year (+€3.7m) and Receivables within one year (+€974,433)
- Receivables within one year -€974,433
down €974,433 (-29.3%), from €3.3m to €2.4m
of which Other amounts receivable: -€961,282
Equity and liabilities
- Debts after one year +€3.7m
up €3.7m (+25.7%), from €14.3m to €18.0m
of which Other amounts payable: +€14.3m
- Current portion of long-term debt +€587,487
new in 2025: €587,487
- Reserves +€342,550
up €342,550 (+4.2%), from €8.2m to €8.6m
of which Distributable reserves: +€342,550
Income statement
- Financial income -€342,866
down €342,866 (-48.1%), from €713,053 to €370,187
- Services and other goods +€326,666
up €326,666 (+720%), from €45,400 to €372,065
- Turnover -€219,594
down €219,594 (-22.0%), from €999,594 to €780,000
- Taxes -€117,000
down €117,000 (-87.2%), from €134,142 to €17,142
of which Taxes: -€117,000
- Financial charges -€42,973
down €42,973 (-9.6%), from €447,037 to €404,064
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.
Result 2024
€1.1m
Turnover
-€219,594
Other operating income
+€63
Services and other goods
-€326,666
Staff costs
-€127
Depreciation
+€160
Write-downs
-€12,621
Other operating charges
-€395
Financial income
-€342,866
Financial charges
+€42,973
Taxes
+€117,000
Result 2025
€342,550
raises the resultlowers the result
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.
From operations
+€1.4m
Investment
-€4.5m
Financing
+€4.3m
Cash 2024
€446,707
From operations (derived)
+€1.4m
Net result for the year
+€342,550
Depreciation
+€1,014
Receivables within one year
+€974,433
Smaller working-capital items
+€14,394
Tax, wage and social debts
-€82,270
Other debts
+€181,962
Investment (derived)
-€4.5m
Investment in fixed assets (net)
-€4.5m
Financing
+€4.3m
Debts after one year
+€3.7m
Current portion of long-term debt
+€587,487
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,102,399 | €27,827,059 | +€4.7m | +20.5% |
| Fixed assets | 21/28 | €19,028,604 | €23,527,590 | +€4.5m | +23.6% |
| Tangible fixed assets | 22/27 | €2,403 | €1,390 | -€1,014 | -42.2% |
| Furniture and vehicles | 24 | €296 | €0 | -€296 | -100% |
| Other tangible fixed assets | 26 | €2,108 | €1,390 | -€718 | -34.1% |
| Financial fixed assets | 28 | €19,026,201 | €23,526,201 | +€4.5m | +23.7% |
| Affiliated companies | 280/1 | €18,556,779 | €23,056,779 | +€4.5m | +24.2% |
| Participating interests | 280 | €18,556,779 | €23,056,779 | +€4.5m | +24.2% |
| Companies linked by participating interests | 282/3 | €469,422 | €469,422 | = | 0.0% |
| Participating interests | 282 | €469,422 | €469,422 | = | 0.0% |
| Current assets | 29/58 | €4,073,795 | €4,299,468 | +€225,673 | +5.5% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,327,088 | €2,352,655 | -€974,433 | -29.3% |
| Trade receivables | 40 | €13,151 | €0 | -€13,151 | -100% |
| Other amounts receivable | 41 | €3,313,937 | €2,352,655 | -€961,282 | -29.0% |
| Cash at bank and in hand | 54/58 | €446,707 | €1,646,813 | +€1.2m | +269% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €23,102,399 | €27,827,059 | +€4.7m | +20.5% |
| Equity | 10/15 | €8,371,095 | €8,713,644 | +€342,550 | +4.1% |
| Contributions | 10/11 | €150,623 | €150,623 | = | 0.0% |
| Capital | 10 | €150,623 | €150,623 | = | 0.0% |
| Issued capital | 100 | €150,623 | €150,623 | = | 0.0% |
| Reserves | 13 | €8,220,472 | €8,563,022 | +€342,550 | +4.2% |
| Non-distributable reserves | 130/1 | €15,063 | €15,063 | = | 0.0% |
| Legal reserve | 130 | €15,063 | €15,063 | = | 0.0% |
| Distributable reserves | 133 | €8,205,409 | €8,547,959 | +€342,550 | +4.2% |
| Amounts payable | 17/49 | €14,731,304 | €19,113,414 | +€4.4m | +29.7% |
| Amounts payable after more than one year | 17 | €14,322,441 | €18,002,978 | +€3.7m | +25.7% |
| Financial debts | 170/4 | €14,322,441 | €3,680,537 | -€10.6m | -74.3% |
| Subordinated loans | 170 | €14,322,441 | - | -€14.3m | |
| Credit institutions | 173 | - | €3,680,537 | +€3.7m | |
| Other amounts payable | 178/9 | - | €14,322,441 | +€14.3m | |
| Amounts payable within one year | 42/48 | €408,863 | €1,099,484 | +€690,621 | +169% |
| Current portion of amounts payable after more than one year | 42 | - | €587,487 | +€587,487 | |
| Trade debts | 44 | €8,053 | €11,495 | +€3,441 | +42.7% |
| Suppliers | 440/4 | €8,053 | €11,495 | +€3,441 | +42.7% |
| Taxes, remuneration and social security | 45 | €82,270 | €0 | -€82,270 | -100% |
| Taxes | 450/3 | €82,270 | €0 | -€82,270 | -100% |
| Other amounts payable | 47/48 | €318,540 | €500,502 | +€181,962 | +57.1% |
| Accrued charges and deferred income | 492/3 | - | €10,952 | +€10,952 | |
| Operating income | 70/76A | €999,799 | €780,268 | -€219,531 | -22.0% |
| Turnover | 70 | €999,594 | €780,000 | -€219,594 | -22.0% |
| Other operating income | 74 | €205 | €268 | +€63 | +30.7% |
| Operating charges | 60/66A | €47,051 | €386,699 | +€339,648 | +722% |
| Services and other goods | 61 | €45,400 | €372,065 | +€326,666 | +720% |
| Remuneration, social security and pensions | 62 | -€127 | €0 | +€127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,174 | €1,014 | -€160 | -13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,621 | +€12,621 | |
| Other operating charges | 640/8 | €604 | €998 | +€395 | +65.4% |
| Operating profit (loss) | 9901 | €952,749 | €393,569 | -€559,179 | -58.7% |
| Financial income | 75/76B | €713,053 | €370,187 | -€342,866 | -48.1% |
| Recurring financial income | 75 | €713,053 | €370,187 | -€342,866 | -48.1% |
| Income from financial fixed assets | 750 | €700,000 | €360,000 | -€340,000 | -48.6% |
| Income from current assets | 751 | €13,053 | €10,187 | -€2,866 | -22.0% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €447,037 | €404,064 | -€42,973 | -9.6% |
| Recurring financial charges | 65 | €447,037 | €404,064 | -€42,973 | -9.6% |
| Debt charges | 650 | €446,462 | €400,805 | -€45,657 | -10.2% |
| Other financial charges | 652/9 | €575 | €3,259 | +€2,684 | +466% |
| Profit (loss) for the period before taxes | 9903 | €1,218,764 | €359,692 | -€859,072 | -70.5% |
| Income taxes | 67/77 | €134,142 | €17,142 | -€117,000 | -87.2% |
| Taxes | 670/3 | €134,142 | €17,142 | -€117,000 | -87.2% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,084,622 | €342,550 | -€742,073 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,084,622 | €342,550 | -€742,073 | -68.4% |
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 26 October 2026 via checked.be.