MIMARE: 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.
MIMARE
Largest movements
- Receivables within one year +€60,666
up €60,666 (+48.6%), from €124,772 to €185,438
of which Other amounts receivable: +€55,288
- Cash -€40,120
down €40,120 (-55.9%), from €71,728 to €31,608
mainly Receivables within one year (-€60,666) and Tax, wage and social debts (-€49,154)
- Tangible fixed assets -€10,150
down €10,150 (-6.4%), from €158,452 to €148,302
of which Land and buildings: -€9,835
- Reserves +€58,287
up €58,287 (+14.9%), from €389,967 to €448,254
- Tax, wage and social debts -€49,154
down €49,154 (-75.2%), from €65,337 to €16,183
- Gross operating margin +€7,825
up €7,825 (+10.2%), from €76,738 to €84,563
- Financial income +€1,708
up €1,708 (+10.7%), from €16,028 to €17,736
- Taxes +€1,046
up €1,046 (+4.7%), from €22,449 to €23,494
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 | €647,502 | €660,671 | +€13,169 | +2.0% |
| Fixed assets | 21/28 | €160,202 | €150,052 | -€10,150 | -6.3% |
| Tangible fixed assets | 22/27 | €158,452 | €148,302 | -€10,150 | -6.4% |
| Land and buildings | 22 | €153,363 | €143,528 | -€9,835 | -6.4% |
| Plant, machinery and equipment | 23 | €5,089 | €4,774 | -€315 | -6.2% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €487,300 | €510,619 | +€23,319 | +4.8% |
| Amounts receivable after more than one year | 29 | €290,800 | €290,800 | = | 0.0% |
| Other amounts receivable | 291 | €290,800 | €290,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €124,772 | €185,438 | +€60,666 | +48.6% |
| Trade receivables | 40 | - | €5,379 | +€5,379 | |
| Other amounts receivable | 41 | €124,772 | €180,059 | +€55,288 | +44.3% |
| Cash at bank and in hand | 54/58 | €71,728 | €31,608 | -€40,120 | -55.9% |
| Deferred charges and accrued income | 490/1 | - | €2,773 | +€2,773 | |
| Total equity and liabilities | 10/49 | €647,502 | €660,671 | +€13,169 | +2.0% |
| Equity | 10/15 | €402,267 | €460,554 | +€58,287 | +14.5% |
| Contributions | 10/11 | €12,300 | €12,300 | = | 0.0% |
| Reserves | 13 | €389,967 | €448,254 | +€58,287 | +14.9% |
| Distributable reserves | 133 | €389,967 | €448,254 | +€58,287 | +14.9% |
| Amounts payable | 17/49 | €245,235 | €200,117 | -€45,118 | -18.4% |
| Amounts payable after more than one year | 17 | €161,266 | €165,995 | +€4,729 | +2.9% |
| Financial debts | 170/4 | €161,266 | €165,995 | +€4,729 | +2.9% |
| Amounts payable within one year | 42/48 | €83,969 | €34,122 | -€49,847 | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €12,023 | €12,271 | +€248 | +2.1% |
| Trade debts | 44 | €6,610 | €5,669 | -€941 | -14.2% |
| Suppliers | 440/4 | €6,610 | €5,669 | -€941 | -14.2% |
| Taxes, remuneration and social security | 45 | €65,337 | €16,183 | -€49,154 | -75.2% |
| Taxes | 450/3 | €65,337 | €16,183 | -€49,154 | -75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,274 | €12,631 | +€357 | +2.9% |
| Other operating charges | 640/8 | €1,128 | €1,593 | +€465 | +41.2% |
| Gross operating margin | 9900 | €76,738 | €84,563 | +€7,825 | +10.2% |
| Operating profit (loss) | 9901 | €63,336 | €70,339 | +€7,003 | +11.1% |
| Financial income | 75/76B | €16,028 | €17,736 | +€1,708 | +10.7% |
| Recurring financial income | 75 | €16,028 | €17,736 | +€1,708 | +10.7% |
| Financial charges | 65/66B | €6,160 | €6,294 | +€134 | +2.2% |
| Recurring financial charges | 65 | €6,160 | €6,294 | +€134 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €73,204 | €81,781 | +€8,577 | +11.7% |
| Income taxes | 67/77 | €22,449 | €23,494 | +€1,046 | +4.7% |
| Profit (loss) for the period | 9904 | €50,755 | €58,287 | +€7,532 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,755 | €58,287 | +€7,532 | +14.8% |
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 9 October 2026 via checked.be.