MIMRAM: 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.
MIMRAM
Largest movements
- Cash -€36,942
down €36,942 (-5.6%), from €663,687 to €626,745
mainly Other debts (-€357,375) and Trade debts (-€71,188)
- Tangible fixed assets +€33,771
up €33,771 (+90.4%), from €37,351 to €71,122
of which Plant, machinery and equipment: +€36,635
- Receivables within one year -€29,217
down €29,217 (-6.6%), from €441,839 to €412,622
of which Trade receivables: -€62,818
- Other debts -€357,375
no longer reported in 2024 (was €357,375)
- Reserves +€189,450
up €189,450 (+37.4%), from €506,420 to €695,870
of which Distributable reserves: +€210,500
- Profit (loss) carried forward +€147,812
up €147,812 (+48.0%), from €308,112 to €455,924
- Trade debts -€71,188
down €71,188 (-13.6%), from €521,600 to €450,412
- Tax, wage and social debts +€62,165
up €62,165 (+38.5%), from €161,300 to €223,464
of which Taxes: +€39,024
- Staff costs +€224,781
up €224,781 (+33.8%), from €665,654 to €890,435
- Gross operating margin +€134,266
up €134,266 (+10.5%), from €1.3m to €1.4m
- Write-downs -€14,610
no longer reported in 2024 (was €14,610)
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,904,907 | €1,878,245 | -€26,662 | -1.4% |
| Fixed assets | 21/28 | €60,119 | €97,121 | +€37,002 | +61.5% |
| Intangible fixed assets | 21 | - | €3,231 | +€3,231 | |
| Tangible fixed assets | 22/27 | €37,351 | €71,122 | +€33,771 | +90.4% |
| Plant, machinery and equipment | 23 | - | €36,635 | +€36,635 | |
| Furniture and vehicles | 24 | €37,351 | €34,488 | -€2,864 | -7.7% |
| Financial fixed assets | 28 | €22,768 | €22,768 | = | 0.0% |
| Current assets | 29/58 | €1,844,788 | €1,781,125 | -€63,663 | -3.5% |
| Stocks and contracts in progress | 3 | €708,240 | €706,646 | -€1,594 | -0.2% |
| Stocks | 30/36 | €708,240 | €706,646 | -€1,594 | -0.2% |
| Amounts receivable within one year | 40/41 | €441,839 | €412,622 | -€29,217 | -6.6% |
| Trade receivables | 40 | €385,135 | €322,317 | -€62,818 | -16.3% |
| Other amounts receivable | 41 | €56,704 | €90,305 | +€33,601 | +59.3% |
| Cash at bank and in hand | 54/58 | €663,687 | €626,745 | -€36,942 | -5.6% |
| Deferred charges and accrued income | 490/1 | €31,023 | €35,112 | +€4,089 | +13.2% |
| Total equity and liabilities | 10/49 | €1,904,907 | €1,878,245 | -€26,662 | -1.4% |
| Equity | 10/15 | €864,532 | €1,201,794 | +€337,262 | +39.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €506,420 | €695,870 | +€189,450 | +37.4% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | - | -€5,000 | |
| Reserves not available under the articles | 1311 | - | €5,000 | +€5,000 | |
| Tax-exempt reserves | 132 | €378,900 | €357,850 | -€21,050 | -5.6% |
| Distributable reserves | 133 | €122,520 | €333,020 | +€210,500 | +171.8% |
| Profit (loss) carried forward | 14 | €308,112 | €455,924 | +€147,812 | +48.0% |
| Amounts payable | 17/49 | €1,040,375 | €676,451 | -€363,924 | -35.0% |
| Amounts payable within one year | 42/48 | €1,040,375 | €673,977 | -€366,398 | -35.2% |
| Trade debts | 44 | €521,600 | €450,412 | -€71,188 | -13.6% |
| Suppliers | 440/4 | €521,600 | €450,412 | -€71,188 | -13.6% |
| Advances received on contracts in progress | 46 | €100 | €100 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €161,300 | €223,464 | +€62,165 | +38.5% |
| Taxes | 450/3 | €59,590 | €98,615 | +€39,024 | +65.5% |
| Remuneration and social security | 454/9 | €101,709 | €124,850 | +€23,141 | +22.8% |
| Other amounts payable | 47/48 | €357,375 | - | -€357,375 | |
| Accrued charges and deferred income | 492/3 | - | €2,475 | +€2,475 | |
| Non-recurring operating income | 76A | €32,684 | €44,787 | +€12,103 | +37.0% |
| Remuneration, social security and pensions | 62 | €665,654 | €890,435 | +€224,781 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,598 | €17,523 | +€4,926 | +39.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,610 | - | -€14,610 | |
| Other operating charges | 640/8 | €23,524 | €26,399 | +€2,875 | +12.2% |
| Non-recurring operating charges | 66A | €16,742 | €13,500 | -€3,242 | -19.4% |
| Gross operating margin | 9900 | €1,275,836 | €1,410,102 | +€134,266 | +10.5% |
| Operating profit (loss) | 9901 | €542,709 | €462,245 | -€80,464 | -14.8% |
| Financial income | 75/76B | €603 | €7,933 | +€7,330 | +1215.3% |
| Recurring financial income | 75 | €603 | €7,933 | +€7,330 | +1215.3% |
| Financial charges | 65/66B | €19,862 | €17,916 | -€1,946 | -9.8% |
| Recurring financial charges | 65 | €19,862 | €17,916 | -€1,946 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €523,450 | €452,262 | -€71,188 | -13.6% |
| Income taxes | 67/77 | €108,750 | €115,000 | +€6,250 | +5.7% |
| Profit (loss) for the period | 9904 | €414,700 | €337,262 | -€77,438 | -18.7% |
| Transfer from tax-exempt reserves | 789 | - | €210,500 | +€210,500 | |
| Transfer to tax-exempt reserves | 689 | €210,500 | €189,450 | -€21,050 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €204,200 | €358,312 | +€154,112 | +75.5% |
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 11 October 2026 via checked.be.