MIMAR: 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.
MIMAR
Largest movements
- Tangible fixed assets +€64,419
up €64,419 (+6.6%), from €982,578 to €1.0m
of which Plant, machinery and equipment: +€73,213
- Deferred charges and accrued income +€57,376
up €57,376 (+529%), from €10,836 to €68,212
- Receivables within one year -€56,024
down €56,024 (-5.6%), from €1.0m to €947,210
of which Trade receivables: -€94,800
- Trade debts +€112,688
up €112,688 (+55.9%), from €201,515 to €314,203
- Debts after one year -€39,836
down €39,836 (-7.8%), from €510,306 to €470,470
of which Financial debts: -€39,836
- Other debts +€21,500
new in 2025: €21,500
- Gross operating margin -€156,687
down €156,687 (-34.1%), from €459,824 to €303,137
- Financial charges -€58,381
down €58,381 (-46.5%), from €125,563 to €67,182
- Depreciation -€56,407
down €56,407 (-50.9%), from €110,823 to €54,416
- Staff costs -€45,898
down €45,898 (-26.1%), from €175,593 to €129,696
- Taxes +€21,397
up €21,397 (+93.2%), from €22,948 to €44,344
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 | €2,081,405 | €2,146,002 | +€64,597 | +3.1% |
| Fixed assets | 21/28 | €1,051,173 | €1,114,236 | +€63,063 | +6.0% |
| Intangible fixed assets | 21 | €68,495 | €67,140 | -€1,356 | -2.0% |
| Tangible fixed assets | 22/27 | €982,578 | €1,046,997 | +€64,419 | +6.6% |
| Land and buildings | 22 | €458,116 | €461,421 | +€3,305 | +0.7% |
| Plant, machinery and equipment | 23 | €159,792 | €233,005 | +€73,213 | +45.8% |
| Furniture and vehicles | 24 | €326,802 | €324,310 | -€2,492 | -0.8% |
| Leasing and similar rights | 25 | €37,868 | €28,261 | -€9,607 | -25.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,030,232 | €1,031,766 | +€1,533 | +0.1% |
| Stocks and contracts in progress | 3 | €9,421 | €7,896 | -€1,525 | -16.2% |
| Stocks | 30/36 | €9,421 | €7,896 | -€1,525 | -16.2% |
| Amounts receivable within one year | 40/41 | €1,003,234 | €947,210 | -€56,024 | -5.6% |
| Trade receivables | 40 | €894,113 | €799,312 | -€94,800 | -10.6% |
| Other amounts receivable | 41 | €109,121 | €147,898 | +€38,777 | +35.5% |
| Cash at bank and in hand | 54/58 | €6,741 | €8,447 | +€1,706 | +25.3% |
| Deferred charges and accrued income | 490/1 | €10,836 | €68,212 | +€57,376 | +529% |
| Total equity and liabilities | 10/49 | €2,081,405 | €2,146,002 | +€64,597 | +3.1% |
| Equity | 10/15 | €441,323 | €443,610 | +€2,286 | +0.5% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Capital | 10 | €520,000 | - | -€520,000 | |
| Issued capital | 100 | €520,000 | - | -€520,000 | |
| Reserves | 13 | €37,400 | €37,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,400 | - | -€37,400 | |
| Other | 1319 | €37,400 | - | -€37,400 | |
| Distributable reserves | 133 | - | €37,400 | +€37,400 | |
| Profit (loss) carried forward | 14 | -€116,077 | -€113,791 | +€2,286 | +2.0% |
| Amounts payable | 17/49 | €1,640,082 | €1,702,393 | +€62,310 | +3.8% |
| Amounts payable after more than one year | 17 | €510,306 | €470,470 | -€39,836 | -7.8% |
| Financial debts | 170/4 | €310,665 | €270,829 | -€39,836 | -12.8% |
| Other amounts payable | 178/9 | €199,641 | €199,641 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,117,532 | €1,231,910 | +€114,378 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €38,448 | €39,836 | +€1,388 | +3.6% |
| Financial debts | 43 | €850,000 | €850,000 | = | 0.0% |
| Credit institutions | 430/8 | €850,000 | €850,000 | = | 0.0% |
| Trade debts | 44 | €201,515 | €314,203 | +€112,688 | +55.9% |
| Suppliers | 440/4 | €201,515 | €314,203 | +€112,688 | +55.9% |
| Taxes, remuneration and social security | 45 | €27,569 | €6,370 | -€21,199 | -76.9% |
| Taxes | 450/3 | €23,698 | €0 | -€23,698 | -100% |
| Remuneration and social security | 454/9 | €3,872 | €6,370 | +€2,499 | +64.5% |
| Other amounts payable | 47/48 | - | €21,500 | +€21,500 | |
| Accrued charges and deferred income | 492/3 | €12,245 | €13 | -€12,232 | -99.9% |
| Non-recurring operating income | 76A | - | €97,480 | +€97,480 | |
| Remuneration, social security and pensions | 62 | €175,593 | €129,696 | -€45,898 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,823 | €54,416 | -€56,407 | -50.9% |
| Other operating charges | 640/8 | €12,841 | €5,318 | -€7,523 | -58.6% |
| Gross operating margin | 9900 | €459,824 | €303,137 | -€156,687 | -34.1% |
| Operating profit (loss) | 9901 | €160,567 | €113,707 | -€46,860 | -29.2% |
| Financial income | 75/76B | €5,598 | €105 | -€5,492 | -98.1% |
| Recurring financial income | 75 | €5,598 | €105 | -€5,492 | -98.1% |
| Financial charges | 65/66B | €125,563 | €67,182 | -€58,381 | -46.5% |
| Recurring financial charges | 65 | €125,563 | €67,182 | -€58,381 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €40,602 | €46,630 | +€6,029 | +14.8% |
| Income taxes | 67/77 | €22,948 | €44,344 | +€21,397 | +93.2% |
| Profit (loss) for the period | 9904 | €17,654 | €2,286 | -€15,368 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,654 | €2,286 | -€15,368 | -87.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.