NIMAD: 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.
NIMAD
Largest movements
- Tangible fixed assets +€47,605
up €47,605 (+870.7%), from €5,468 to €53,073
- Receivables within one year +€15,901
up €15,901 (+32.5%), from €48,939 to €64,840
- Cash -€4,761
down €4,761 (-32.8%), from €14,506 to €9,745
mainly Investment in fixed assets (net) (-€59,990) and Contributions, distributions and other (-€50,000)
- Debts after one year +€37,925
new in 2024: €37,925
- Current portion of long-term debt +€18,772
new in 2024: €18,772
- Tax, wage and social debts +€6,879
up €6,879 (+38.7%), from €17,778 to €24,657
- Profit (loss) carried forward -€5,141
down €5,141 (-10.9%), from €47,034 to €41,893
- Gross operating margin +€24,644
up €24,644 (+50.8%), from €48,485 to €73,129
- Depreciation +€6,919
up €6,919 (+121.0%), from €5,716 to €12,635
- Taxes +€2,583
up €2,583 (+25.2%), from €10,233 to €12,816
- Financial charges +€2,143
up €2,143 (+1524.8%), from €141 to €2,283
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 | €69,812 | €128,308 | +€58,495 | +83.8% |
| Formation expenses | 20 | €750 | €500 | -€250 | -33.3% |
| Fixed assets | 21/28 | €5,618 | €53,223 | +€47,605 | +847.4% |
| Tangible fixed assets | 22/27 | €5,468 | €53,073 | +€47,605 | +870.7% |
| Furniture and vehicles | 24 | €5,468 | €53,073 | +€47,605 | +870.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €63,445 | €74,585 | +€11,140 | +17.6% |
| Amounts receivable within one year | 40/41 | €48,939 | €64,840 | +€15,901 | +32.5% |
| Other amounts receivable | 41 | €48,939 | €64,840 | +€15,901 | +32.5% |
| Cash at bank and in hand | 54/58 | €14,506 | €9,745 | -€4,761 | -32.8% |
| Total equity and liabilities | 10/49 | €69,812 | €128,308 | +€58,495 | +83.8% |
| Equity | 10/15 | €52,034 | €46,893 | -€5,141 | -9.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,034 | €41,893 | -€5,141 | -10.9% |
| Amounts payable | 17/49 | €17,778 | €81,415 | +€63,637 | +357.9% |
| Amounts payable after more than one year | 17 | - | €37,925 | +€37,925 | |
| Financial debts | 170/4 | - | €37,925 | +€37,925 | |
| Amounts payable within one year | 42/48 | €17,778 | €43,490 | +€25,711 | +144.6% |
| Current portion of amounts payable after more than one year | 42 | - | €18,772 | +€18,772 | |
| Trade debts | 44 | - | €61 | +€61 | |
| Suppliers | 440/4 | - | €61 | +€61 | |
| Taxes, remuneration and social security | 45 | €17,778 | €24,657 | +€6,879 | +38.7% |
| Taxes | 450/3 | €17,778 | €24,657 | +€6,879 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,716 | €12,635 | +€6,919 | +121.0% |
| Other operating charges | 640/8 | €331 | €536 | +€205 | +62.1% |
| Gross operating margin | 9900 | €48,485 | €73,129 | +€24,644 | +50.8% |
| Operating profit (loss) | 9901 | €42,438 | €59,958 | +€17,520 | +41.3% |
| Financial charges | 65/66B | €141 | €2,283 | +€2,143 | +1524.8% |
| Recurring financial charges | 65 | €141 | €2,283 | +€2,143 | +1524.8% |
| Profit (loss) for the period before taxes | 9903 | €42,298 | €57,675 | +€15,377 | +36.4% |
| Income taxes | 67/77 | €10,233 | €12,816 | +€2,583 | +25.2% |
| Profit (loss) for the period | 9904 | €32,064 | €44,859 | +€12,794 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,064 | €44,859 | +€12,794 | +39.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.