NIMA PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Stocks and contracts +€100,993
up €100,993 (+68.5%), from €147,474 to €248,467
of which Stocks: +€100,993
- Receivables within one year +€18,433
up €18,433 (+101.6%), from €18,150 to €36,583
of which Trade receivables: +€13,256
- Cash -€3,868
down €3,868 (-41.4%), from €9,340 to €5,471
mainly Stocks and contracts (-€100,993) and Receivables within one year (-€18,433)
- Short-term financial debts +€84,492
new in 2025: €84,492
- Trade debts +€25,403
up €25,403 (+775.0%), from €3,278 to €28,681
- Other debts +€6,443
up €6,443 (+4.0%), from €159,139 to €165,581
- Financial income -€880
down €880 (-99.5%), from €885 to €5
- Other operating charges -€879
down €879 (-50.4%), from €1,744 to €865
- Gross operating margin -€819
down €819 (-21.0%), from €3,894 to €3,074
- Financial charges +€280
up €280 (+34.7%), from €807 to €1,088
- Taxes -€214
down €214 (-25.5%), from €840 to €626
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.
Cash bridge derived
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 | €175,967 | €291,471 | +€115,504 | +65.6% |
| Fixed assets | 21/28 | €1,004 | €951 | -€53 | -5.3% |
| Tangible fixed assets | 22/27 | €1,004 | €951 | -€53 | -5.3% |
| Plant, machinery and equipment | 23 | €1,004 | €951 | -€53 | -5.3% |
| Current assets | 29/58 | €174,963 | €290,520 | +€115,557 | +66.0% |
| Stocks and contracts in progress | 3 | €147,474 | €248,467 | +€100,993 | +68.5% |
| Stocks | 30/36 | €102,474 | €203,467 | +€100,993 | +98.6% |
| Contracts in progress | 37 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,150 | €36,583 | +€18,433 | +101.6% |
| Trade receivables | 40 | €18,150 | €31,406 | +€13,256 | +73.0% |
| Other amounts receivable | 41 | - | €5,177 | +€5,177 | |
| Cash at bank and in hand | 54/58 | €9,340 | €5,471 | -€3,868 | -41.4% |
| Total equity and liabilities | 10/49 | €175,967 | €291,471 | +€115,504 | +65.6% |
| Equity | 10/15 | €11,331 | €11,779 | +€448 | +4.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,331 | €1,779 | +€448 | +33.7% |
| Distributable reserves | 133 | €1,331 | €1,779 | +€448 | +33.7% |
| Amounts payable | 17/49 | €164,636 | €279,692 | +€115,056 | +69.9% |
| Amounts payable within one year | 42/48 | €164,636 | €279,692 | +€115,056 | +69.9% |
| Financial debts | 43 | - | €84,492 | +€84,492 | |
| Credit institutions | 430/8 | - | €84,492 | +€84,492 | |
| Trade debts | 44 | €3,278 | €28,681 | +€25,403 | +775.0% |
| Suppliers | 440/4 | €3,278 | €28,681 | +€25,403 | +775.0% |
| Taxes, remuneration and social security | 45 | €2,219 | €938 | -€1,282 | -57.8% |
| Taxes | 450/3 | €2,219 | €938 | -€1,282 | -57.8% |
| Other amounts payable | 47/48 | €159,139 | €165,581 | +€6,443 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | €53 | -€3 | -5.8% |
| Other operating charges | 640/8 | €1,744 | €865 | -€879 | -50.4% |
| Gross operating margin | 9900 | €3,894 | €3,074 | -€819 | -21.0% |
| Operating profit (loss) | 9901 | €2,093 | €2,157 | +€63 | +3.0% |
| Financial income | 75/76B | €885 | €5 | -€880 | -99.5% |
| Recurring financial income | 75 | €885 | €5 | -€880 | -99.5% |
| Financial charges | 65/66B | €807 | €1,088 | +€280 | +34.7% |
| Recurring financial charges | 65 | €807 | €1,088 | +€280 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €2,171 | €1,074 | -€1,097 | -50.5% |
| Income taxes | 67/77 | €840 | €626 | -€214 | -25.5% |
| Profit (loss) for the period | 9904 | €1,331 | €448 | -€883 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,331 | €448 | -€883 | -66.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.