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
- Current investments +€140,158
up €140,158 (+1,331%), from €10,532 to €150,690
- Cash -€87,367
down €87,367 (-65.6%), from €133,243 to €45,877
mainly Current investments (-€140,158) and Tax, wage and social debts (-€8,382)
- Receivables within one year -€2,547
down €2,547 (-8.1%), from €31,390 to €28,843
of which Trade receivables: -€9,161
- Reserves +€66,547
up €66,547 (+49.4%), from €134,780 to €201,327
of which Distributable reserves: +€66,547
- Tax, wage and social debts -€8,382
down €8,382 (-88.8%), from €9,437 to €1,054
- Trade debts -€7,726
down €7,726 (-19.9%), from €38,735 to €31,009
- Gross operating margin +€28,094
up €28,094 (+38.6%), from €72,800 to €100,895
- Taxes +€11,691
up €11,691 (+60.1%), from €19,437 to €31,127
- Depreciation -€8,527
down €8,527 (-77.3%), from €11,031 to €2,504
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 | €190,817 | €240,750 | +€49,933 | +26.2% |
| Fixed assets | 21/28 | €6,042 | €6,126 | +€84 | +1.4% |
| Tangible fixed assets | 22/27 | €6,042 | €6,126 | +€84 | +1.4% |
| Plant, machinery and equipment | 23 | €5,554 | €4,751 | -€802 | -14.4% |
| Furniture and vehicles | 24 | €488 | €1,375 | +€887 | +182% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €184,775 | €234,624 | +€49,849 | +27.0% |
| Stocks and contracts in progress | 3 | €7,819 | €7,319 | -€501 | -6.4% |
| Stocks | 30/36 | €7,819 | €7,319 | -€501 | -6.4% |
| Amounts receivable within one year | 40/41 | €31,390 | €28,843 | -€2,547 | -8.1% |
| Trade receivables | 40 | €15,778 | €6,617 | -€9,161 | -58.1% |
| Other amounts receivable | 41 | €15,612 | €22,226 | +€6,613 | +42.4% |
| Current investments | 50/53 | €10,532 | €150,690 | +€140,158 | +1,331% |
| Cash at bank and in hand | 54/58 | €133,243 | €45,877 | -€87,367 | -65.6% |
| Deferred charges and accrued income | 490/1 | €1,789 | €1,896 | +€106 | +5.9% |
| Total equity and liabilities | 10/49 | €190,817 | €240,750 | +€49,933 | +26.2% |
| Equity | 10/15 | €140,980 | €207,527 | +€66,547 | +47.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €134,780 | €201,327 | +€66,547 | +49.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €134,780 | €201,327 | +€66,547 | +49.4% |
| Amounts payable | 17/49 | €49,837 | €33,223 | -€16,614 | -33.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €49,837 | €33,212 | -€16,624 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €1,665 | €0 | -€1,665 | -100% |
| Trade debts | 44 | €38,735 | €31,009 | -€7,726 | -19.9% |
| Suppliers | 440/4 | €38,735 | €31,009 | -€7,726 | -19.9% |
| Taxes, remuneration and social security | 45 | €9,437 | €1,054 | -€8,382 | -88.8% |
| Taxes | 450/3 | €9,437 | €1,054 | -€8,382 | -88.8% |
| Other amounts payable | 47/48 | - | €1,149 | +€1,149 | |
| Accrued charges and deferred income | 492/3 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,031 | €2,504 | -€8,527 | -77.3% |
| Other operating charges | 640/8 | €829 | €859 | +€30 | +3.6% |
| Gross operating margin | 9900 | €72,800 | €100,895 | +€28,094 | +38.6% |
| Operating profit (loss) | 9901 | €60,940 | €97,532 | +€36,592 | +60.0% |
| Financial income | 75/76B | €91 | €415 | +€324 | +355% |
| Recurring financial income | 75 | €91 | €415 | +€324 | +355% |
| Financial charges | 65/66B | €339 | €273 | -€66 | -19.5% |
| Recurring financial charges | 65 | €339 | €273 | -€66 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €60,693 | €97,675 | +€36,982 | +60.9% |
| Income taxes | 67/77 | €19,437 | €31,127 | +€11,691 | +60.1% |
| Profit (loss) for the period | 9904 | €41,256 | €66,547 | +€25,291 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,256 | €66,547 | +€25,291 | +61.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.