NiMa: 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.
NiMa
Largest movements
- Receivables within one year -€11,741
down €11,741 (-22.3%), from €52,682 to €40,941
of which Other amounts receivable: -€8,043
- Tangible fixed assets -€9,369
down €9,369 (-9.9%), from €94,549 to €85,180
of which Leasing and similar rights: -€4,975
- Other debts -€123,282
down €123,282 (-22.8%), from €540,079 to €416,798
- Reserves +€110,925
up €110,925 (+169%), from €65,606 to €176,532
- Debts after one year -€16,332
down €16,332 (-37.7%), from €43,351 to €27,019
- Tax, wage and social debts +€11,450
up €11,450 (+183%), from €6,271 to €17,721
- Financial income +€109,704
up €109,704 (+132,317%), from €83 to €109,787
- Taxes +€10,492
up €10,492 (+188%), from €5,574 to €16,066
- Gross operating margin -€4,295
down €4,295 (-9.5%), from €45,282 to €40,987
- Depreciation +€2,087
up €2,087 (+11.6%), from €17,939 to €20,026
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 | €693,641 | €677,409 | -€16,231 | -2.3% |
| Fixed assets | 21/28 | €634,549 | €625,180 | -€9,369 | -1.5% |
| Tangible fixed assets | 22/27 | €94,549 | €85,180 | -€9,369 | -9.9% |
| Land and buildings | 22 | €60,183 | €58,510 | -€1,673 | -2.8% |
| Plant, machinery and equipment | 23 | €16,998 | €14,602 | -€2,396 | -14.1% |
| Furniture and vehicles | 24 | €3,615 | €3,290 | -€324 | -9.0% |
| Leasing and similar rights | 25 | €13,754 | €8,778 | -€4,975 | -36.2% |
| Financial fixed assets | 28 | €540,000 | €540,000 | = | 0.0% |
| Current assets | 29/58 | €59,091 | €52,229 | -€6,862 | -11.6% |
| Amounts receivable within one year | 40/41 | €52,682 | €40,941 | -€11,741 | -22.3% |
| Trade receivables | 40 | €7,405 | €3,707 | -€3,698 | -49.9% |
| Other amounts receivable | 41 | €45,277 | €37,234 | -€8,043 | -17.8% |
| Cash at bank and in hand | 54/58 | €4,925 | €7,931 | +€3,006 | +61.0% |
| Deferred charges and accrued income | 490/1 | €1,484 | €3,357 | +€1,873 | +126% |
| Total equity and liabilities | 10/49 | €693,641 | €677,409 | -€16,231 | -2.3% |
| Equity | 10/15 | €84,198 | €195,124 | +€110,925 | +132% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €65,606 | €176,532 | +€110,925 | +169% |
| Distributable reserves | 133 | €65,606 | €176,532 | +€110,925 | +169% |
| Amounts payable | 17/49 | €609,442 | €482,286 | -€127,157 | -20.9% |
| Amounts payable after more than one year | 17 | €43,351 | €27,019 | -€16,332 | -37.7% |
| Financial debts | 170/4 | €43,351 | €27,019 | -€16,332 | -37.7% |
| Amounts payable within one year | 42/48 | €566,091 | €455,266 | -€110,825 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €17,301 | €19,284 | +€1,983 | +11.5% |
| Trade debts | 44 | €2,440 | €1,463 | -€977 | -40.0% |
| Suppliers | 440/4 | €2,440 | €1,463 | -€977 | -40.0% |
| Taxes, remuneration and social security | 45 | €6,271 | €17,721 | +€11,450 | +183% |
| Taxes | 450/3 | €6,271 | €17,721 | +€11,450 | +183% |
| Other amounts payable | 47/48 | €540,079 | €416,798 | -€123,282 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,939 | €20,026 | +€2,087 | +11.6% |
| Other operating charges | 640/8 | €935 | €731 | -€204 | -21.8% |
| Gross operating margin | 9900 | €45,282 | €40,987 | -€4,295 | -9.5% |
| Operating profit (loss) | 9901 | €26,408 | €20,230 | -€6,178 | -23.4% |
| Financial income | 75/76B | €83 | €109,787 | +€109,704 | +132,317% |
| Recurring financial income | 75 | €83 | €109,787 | +€109,704 | +132,317% |
| Financial charges | 65/66B | €2,684 | €3,026 | +€342 | +12.8% |
| Recurring financial charges | 65 | €2,684 | €3,026 | +€342 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €23,808 | €126,991 | +€103,184 | +433% |
| Income taxes | 67/77 | €5,574 | €16,066 | +€10,492 | +188% |
| Profit (loss) for the period | 9904 | €18,234 | €110,925 | +€92,692 | +508% |
| Profit (loss) for the period to be appropriated | 9905 | €18,234 | €110,925 | +€92,692 | +508% |
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 18 October 2026 via checked.be.