N.I.M.I.: 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.
N.I.M.I.
Largest movements
- Current investments +€145,054
up €145,054 (+25.1%), from €578,611 to €723,665
- Cash +€28,648
up €28,648 (+134%), from €21,400 to €50,048
mainly Net result for the year (+€199,859) and Tax, wage and social debts (+€12,296)
- Reserves +€158,485
up €158,485 (+38.6%), from €410,078 to €568,563
of which Distributable reserves: +€158,485
- Tax, wage and social debts +€12,296
up €12,296 (+160%), from €7,690 to €19,986
- Financial income +€170,665
up €170,665 (+2,923%), from €5,839 to €176,504
- Financial charges +€35,120
up €35,120, from -€4,186 to €30,934
- Taxes +€15,001
up €15,001 (+46.4%), from €32,328 to €47,329
- Gross operating margin +€2,816
up €2,816 (+2.5%), from €113,484 to €116,300
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 | €709,229 | €888,659 | +€179,431 | +25.3% |
| Fixed assets | 21/28 | €105,742 | €106,085 | +€343 | +0.3% |
| Tangible fixed assets | 22/27 | €105,742 | €106,085 | +€343 | +0.3% |
| Land and buildings | 22 | €71,176 | €71,176 | = | 0.0% |
| Plant, machinery and equipment | 23 | €34,566 | €34,909 | +€343 | +1.0% |
| Current assets | 29/58 | €603,487 | €782,575 | +€179,088 | +29.7% |
| Amounts receivable within one year | 40/41 | €2,113 | €7,461 | +€5,347 | +253% |
| Other amounts receivable | 41 | €2,113 | €7,461 | +€5,347 | +253% |
| Current investments | 50/53 | €578,611 | €723,665 | +€145,054 | +25.1% |
| Cash at bank and in hand | 54/58 | €21,400 | €50,048 | +€28,648 | +134% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,401 | +€39 | +2.9% |
| Total equity and liabilities | 10/49 | €709,229 | €888,659 | +€179,431 | +25.3% |
| Equity | 10/15 | €484,645 | €643,133 | +€158,489 | +32.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €410,078 | €568,563 | +€158,485 | +38.6% |
| Non-distributable reserves | 130/1 | €15,703 | €15,703 | = | 0.0% |
| Legal reserve | 130 | €15,703 | €15,703 | = | 0.0% |
| Distributable reserves | 133 | €394,375 | €552,860 | +€158,485 | +40.2% |
| Profit (loss) carried forward | 14 | €199 | €202 | +€4 | +1.8% |
| Amounts payable | 17/49 | €224,584 | €245,526 | +€20,942 | +9.3% |
| Amounts payable after more than one year | 17 | €25,527 | €25,527 | = | 0.0% |
| Other amounts payable | 178/9 | €25,527 | €25,527 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192,904 | €210,963 | +€18,059 | +9.4% |
| Taxes, remuneration and social security | 45 | €7,690 | €19,986 | +€12,296 | +160% |
| Taxes | 450/3 | €7,690 | €19,986 | +€12,296 | +160% |
| Other amounts payable | 47/48 | €185,214 | €190,978 | +€5,764 | +3.1% |
| Accrued charges and deferred income | 492/3 | €6,153 | €9,036 | +€2,883 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,290 | €6,433 | +€143 | +2.3% |
| Other operating charges | 640/8 | €7,939 | €8,249 | +€309 | +3.9% |
| Gross operating margin | 9900 | €113,484 | €116,300 | +€2,816 | +2.5% |
| Operating profit (loss) | 9901 | €99,254 | €101,618 | +€2,364 | +2.4% |
| Financial income | 75/76B | €5,839 | €176,504 | +€170,665 | +2,923% |
| Recurring financial income | 75 | €5,839 | €176,504 | +€170,665 | +2,923% |
| Financial charges | 65/66B | -€4,186 | €30,934 | +€35,120 | |
| Recurring financial charges | 65 | -€4,186 | €30,934 | +€35,120 | |
| Profit (loss) for the period before taxes | 9903 | €109,279 | €247,188 | +€137,909 | +126% |
| Income taxes | 67/77 | €32,328 | €47,329 | +€15,001 | +46.4% |
| Profit (loss) for the period | 9904 | €76,951 | €199,859 | +€122,908 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €76,951 | €199,859 | +€122,908 | +160% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.