MIMOB: 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
MIMOB
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€1.3m
2023 · -€1.7m+€326,089
Equity
€8.1m
2023 · €9.4m-€1.3m
Cash
€35,178
2023 · €921,229-€886,051
Balance sheet total
€43.4m
2023 · €43.4m-€48,381
Largest movements
Assets
- Tangible fixed assets -€3.1m
down €3.1m (-25.8%), from €12.1m to €9.0m
of which Land and buildings: -€3.1m
- Financial fixed assets +€2.6m
up €2.6m (+13.2%), from €20.1m to €22.7m
of which Affiliated companies: +€2.6m
- Receivables within one year +€1.0m
up €1.0m (+46.6%), from €2.2m to €3.2m
of which Trade receivables: +€975,436
- Cash -€886,051
down €886,051 (-96.2%), from €921,229 to €35,178
mainly Short-term financial debts (-€1.5m) and Net result for the year (-€1.3m)
Equity and liabilities
- Short-term financial debts -€1.5m
down €1.5m (-19.9%), from €7.5m to €6.0m
- Profit (loss) carried forward -€1.3m
down €1.3m (-18.6%), from -€7.2m to -€8.5m
- Advances received +€1.2m
up €1.2m (+414,268%), from €300 to €1.2m
- Debts after one year +€609,735
up €609,735 (+2.6%), from €23.5m to €24.1m
of which Financial debts: +€615,373
- Trade debts +€483,033
up €483,033 (+212%), from €227,753 to €710,786
Income statement
- Provisions +€1.9m
up €1.9m (+96.6%), from -€2.0m to -€68,878
- Financial charges -€1.9m
down €1.9m (-68.4%), from €2.8m to €873,974
of which Non-recurring financial charges: -€2.0m
- Turnover -€1.6m
down €1.6m (-31.0%), from €5.1m to €3.5m
- Goods and materials -€971,657
down €971,657 (-25.9%), from €3.8m to €2.8m
of which Change in stocks: decrease (increase): -€1.0m
- Services and other goods -€468,424
down €468,424 (-30.8%), from €1.5m to €1.1m
From the 2023 result to the 2024 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 2023
-€1.7m
Turnover
-€1.6m
Other operating income
+€170,351
Goods and materials
+€971,657
Services and other goods
+€468,424
Staff costs
+€208,844
Depreciation
-€27,918
Write-downs
+€5,977
Provisions
-€1.9m
Other operating charges
+€38,023
Other operating items
+€57,721
Financial income
+€53,761
Financial charges
+€1.9m
Taxes
-€3,317
Result 2024
-€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€80,683
Investment
-€21,105
Financing
-€784,263
Cash 2023
€921,229
From operations (derived)
-€80,683
Net result for the year
-€1.3m
Depreciation
+€520,423
Stocks and contracts
-€419,691
Receivables within one year
-€1.0m
Deferred charges and accrued income
+€89,069
Provisions
-€68,878
Trade debts
+€483,033
Tax, wage and social debts
+€58,558
Advances received
+€1.2m
Other debts
+€347,076
Accrued charges and deferred income
+€9,819
Investment (derived)
-€21,105
Investment in fixed assets (net)
-€21,105
Financing
-€784,263
Debts after one year
+€609,735
Current portion of long-term debt
+€91,637
Short-term financial debts
-€1.5m
Cash 2024
€35,178
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,425,936 | €43,377,556 | -€48,381 | -0.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €32,221,985 | €31,722,667 | -€499,318 | -1.5% |
| Intangible fixed assets | 21 | €17,560 | €6,366 | -€11,194 | -63.7% |
| Tangible fixed assets | 22/27 | €12,139,722 | €9,002,027 | -€3.1m | -25.8% |
| Land and buildings | 22 | €11,131,095 | €8,007,061 | -€3.1m | -28.1% |
| Plant, machinery and equipment | 23 | €947 | €4,703 | +€3,756 | +397% |
| Furniture and vehicles | 24 | €15,020 | €9,435 | -€5,585 | -37.2% |
| Other tangible fixed assets | 26 | €992,660 | €980,828 | -€11,832 | -1.2% |
| Financial fixed assets | 28 | €20,064,704 | €22,714,274 | +€2.6m | +13.2% |
| Affiliated companies | 280/1 | €20,046,956 | €22,696,526 | +€2.6m | +13.2% |
| Participating interests | 280 | €6,894,088 | €6,794,088 | -€100,000 | -1.5% |
| Amounts receivable | 281 | €13,152,867 | €15,902,438 | +€2.7m | +20.9% |
| Companies linked by participating interests | 282/3 | - | €0 | = | |
| Participating interests | 282 | - | €0 | = | |
| Other financial fixed assets | 284/8 | €17,748 | €17,748 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €17,748 | €17,748 | = | 0.0% |
| Current assets | 29/58 | €11,203,951 | €11,654,889 | +€450,937 | +4.0% |
| Stocks and contracts in progress | 3 | €7,999,308 | €8,418,999 | +€419,691 | +5.2% |
| Stocks | 30/36 | €7,999,308 | €8,418,999 | +€419,691 | +5.2% |
| Raw materials and consumables | 30/31 | €7,649 | €7,649 | = | 0.0% |
| Work in progress | 32 | €6,992,804 | €7,358,362 | +€365,558 | +5.2% |
| Property held for sale | 35 | €998,855 | €1,052,989 | +€54,133 | +5.4% |
| Amounts receivable within one year | 40/41 | €2,160,199 | €3,166,565 | +€1.0m | +46.6% |
| Trade receivables | 40 | €1,907,972 | €2,883,408 | +€975,436 | +51.1% |
| Other amounts receivable | 41 | €252,227 | €283,157 | +€30,930 | +12.3% |
| Cash at bank and in hand | 54/58 | €921,229 | €35,178 | -€886,051 | -96.2% |
| Deferred charges and accrued income | 490/1 | €123,216 | €34,146 | -€89,069 | -72.3% |
| Total equity and liabilities | 10/49 | €43,425,936 | €43,377,556 | -€48,381 | -0.1% |
| Equity | 10/15 | €9,397,072 | €8,060,542 | -€1.3m | -14.2% |
| Contributions | 10/11 | €12,000,000 | €12,000,000 | = | 0.0% |
| Capital | 10 | €12,000,000 | €12,000,000 | = | 0.0% |
| Issued capital | 100 | €12,000,000 | €12,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,963,138 | €3,869,237 | -€93,901 | -2.4% |
| Reserves | 13 | €603,259 | €697,161 | +€93,901 | +15.6% |
| Non-distributable reserves | 130/1 | €158,689 | €158,689 | = | 0.0% |
| Legal reserve | 130 | €158,689 | €158,689 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,909 | €34,909 | = | 0.0% |
| Distributable reserves | 133 | €409,661 | €503,562 | +€93,901 | +22.9% |
| Profit (loss) carried forward | 14 | -€7,169,326 | -€8,505,856 | -€1.3m | -18.6% |
| Provisions and deferred taxes | 16 | €68,878 | €0 | -€68,878 | -100% |
| Provisions for liabilities and charges | 160/5 | €68,878 | €0 | -€68,878 | -100% |
| Environmental obligations | 163 | €68,878 | €0 | -€68,878 | -100% |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Amounts payable | 17/49 | €33,959,986 | €35,317,013 | +€1.4m | +4.0% |
| Amounts payable after more than one year | 17 | €23,519,732 | €24,129,467 | +€609,735 | +2.6% |
| Financial debts | 170/4 | €23,483,779 | €24,099,152 | +€615,373 | +2.6% |
| Subordinated loans | 170 | €3,762,237 | €3,762,237 | = | 0.0% |
| Credit institutions | 173 | €2,089,475 | €2,144,405 | +€54,930 | +2.6% |
| Other loans | 174 | €17,632,067 | €18,192,510 | +€560,443 | +3.2% |
| Other amounts payable | 178/9 | €35,953 | €30,315 | -€5,638 | -15.7% |
| Amounts payable within one year | 42/48 | €10,205,994 | €10,943,468 | +€737,473 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €2,140,634 | €2,232,271 | +€91,637 | +4.3% |
| Financial debts | 43 | €7,467,285 | €5,981,651 | -€1.5m | -19.9% |
| Credit institutions | 430/8 | €7,467,285 | €5,981,651 | -€1.5m | -19.9% |
| Trade debts | 44 | €227,753 | €710,786 | +€483,033 | +212% |
| Suppliers | 440/4 | €227,753 | €710,786 | +€483,033 | +212% |
| Advances received on contracts in progress | 46 | €300 | €1,243,104 | +€1.2m | +414,268% |
| Taxes, remuneration and social security | 45 | €46,651 | €105,209 | +€58,558 | +126% |
| Taxes | 450/3 | €772 | €20,121 | +€19,349 | +2,507% |
| Remuneration and social security | 454/9 | €45,879 | €85,088 | +€39,209 | +85.5% |
| Other amounts payable | 47/48 | €323,371 | €670,447 | +€347,076 | +107% |
| Accrued charges and deferred income | 492/3 | €234,260 | €244,079 | +€9,819 | +4.2% |
| Operating income | 70/76A | €5,229,237 | €3,880,300 | -€1.3m | -25.8% |
| Turnover | 70 | €5,091,210 | €3,514,253 | -€1.6m | -31.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €65,925 | €116,607 | +€50,682 | +76.9% |
| Other operating income | 74 | €72,102 | €242,453 | +€170,351 | +236% |
| Non-recurring operating income | 76A | - | €6,987 | +€6,987 | |
| Operating charges | 60/66A | €4,537,119 | €4,803,180 | +€266,061 | +5.9% |
| Goods for resale, raw materials and consumables | 60 | €3,750,513 | €2,778,856 | -€971,657 | -25.9% |
| Purchases | 600/8 | €107,034 | €135,754 | +€28,721 | +26.8% |
| Change in stocks: decrease (increase) | 609 | €3,643,480 | €2,643,102 | -€1.0m | -27.5% |
| Services and other goods | 61 | €1,519,569 | €1,051,146 | -€468,424 | -30.8% |
| Remuneration, social security and pensions | 62 | €596,084 | €387,240 | -€208,844 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492,506 | €520,423 | +€27,918 | +5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,977 | - | -€5,977 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,000,000 | -€68,878 | +€1.9m | +96.6% |
| Other operating charges | 640/8 | €172,418 | €134,394 | -€38,023 | -22.1% |
| Non-recurring operating charges | 66A | €53 | - | -€53 | |
| Operating profit (loss) | 9901 | €692,117 | -€922,880 | -€1.6m | |
| Financial income | 75/76B | €411,440 | €465,201 | +€53,761 | +13.1% |
| Recurring financial income | 75 | €411,440 | €465,201 | +€53,761 | +13.1% |
| Income from current assets | 751 | €231,413 | €312,280 | +€80,867 | +34.9% |
| Other financial income | 752/9 | €180,027 | €152,921 | -€27,106 | -15.1% |
| Financial charges | 65/66B | €2,764,617 | €873,974 | -€1.9m | -68.4% |
| Recurring financial charges | 65 | €764,617 | €873,974 | +€109,358 | +14.3% |
| Debt charges | 650 | €734,993 | €827,580 | +€92,587 | +12.6% |
| Other financial charges | 652/9 | €29,623 | €46,394 | +€16,771 | +56.6% |
| Non-recurring financial charges | 66B | €2,000,000 | - | -€2.0m | |
| Profit (loss) for the period before taxes | 9903 | -€1,661,059 | -€1,331,653 | +€329,406 | +19.8% |
| Income taxes | 67/77 | €1,559 | €4,876 | +€3,317 | +213% |
| Taxes | 670/3 | €1,559 | €4,876 | +€3,317 | +213% |
| Profit (loss) for the period | 9904 | -€1,662,618 | -€1,336,530 | +€326,089 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,662,618 | -€1,336,530 | +€326,089 | +19.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.