NIMALCO: 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.
NIMALCO
Largest movements
- Cash +€18,201
up €18,201 (+76.6%), from €23,763 to €41,964
mainly Net result for the year (+€18,792) and Receivables within one year (+€6,415)
- Deferred charges and accrued income +€6,591
up €6,591 (+110.2%), from €5,979 to €12,570
- Receivables within one year -€6,415
down €6,415 (-11.1%), from €57,812 to €51,396
of which Trade receivables: -€5,009
- Tangible fixed assets -€5,501
down €5,501 (-25.2%), from €21,854 to €16,353
- Reserves +€18,500
new in 2025: €18,500
- Debts after one year -€5,492
down €5,492 (-31.9%), from €17,189 to €11,697
- Trade debts -€2,247
down €2,247 (-25.7%), from €8,734 to €6,487
- Tax, wage and social debts +€1,597
up €1,597 (+2.6%), from €62,303 to €63,900
of which Taxes: +€1,730
- Gross operating margin +€54,166
up €54,166 (+27.7%), from €195,345 to €249,511
- Staff costs +€45,866
up €45,866 (+26.5%), from €172,868 to €218,734
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 | €109,408 | €122,283 | +€12,875 | +11.8% |
| Fixed assets | 21/28 | €21,854 | €16,353 | -€5,501 | -25.2% |
| Tangible fixed assets | 22/27 | €21,854 | €16,353 | -€5,501 | -25.2% |
| Furniture and vehicles | 24 | €21,854 | €16,353 | -€5,501 | -25.2% |
| Current assets | 29/58 | €87,554 | €105,930 | +€18,376 | +21.0% |
| Amounts receivable within one year | 40/41 | €57,812 | €51,396 | -€6,415 | -11.1% |
| Trade receivables | 40 | €56,405 | €51,396 | -€5,009 | -8.9% |
| Other amounts receivable | 41 | €1,406 | - | -€1,406 | |
| Cash at bank and in hand | 54/58 | €23,763 | €41,964 | +€18,201 | +76.6% |
| Deferred charges and accrued income | 490/1 | €5,979 | €12,570 | +€6,591 | +110.2% |
| Total equity and liabilities | 10/49 | €109,408 | €122,283 | +€12,875 | +11.8% |
| Equity | 10/15 | €15,915 | €34,708 | +€18,792 | +118.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €18,500 | +€18,500 | |
| Distributable reserves | 133 | - | €18,500 | +€18,500 | |
| Profit (loss) carried forward | 14 | €12,915 | €13,208 | +€292 | +2.3% |
| Amounts payable | 17/49 | €93,493 | €87,576 | -€5,917 | -6.3% |
| Amounts payable after more than one year | 17 | €17,189 | €11,697 | -€5,492 | -31.9% |
| Financial debts | 170/4 | €17,189 | €11,697 | -€5,492 | -31.9% |
| Amounts payable within one year | 42/48 | €76,304 | €75,879 | -€425 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €5,267 | €5,492 | +€225 | +4.3% |
| Trade debts | 44 | €8,734 | €6,487 | -€2,247 | -25.7% |
| Suppliers | 440/4 | €8,734 | €6,487 | -€2,247 | -25.7% |
| Taxes, remuneration and social security | 45 | €62,303 | €63,900 | +€1,597 | +2.6% |
| Taxes | 450/3 | €15,482 | €17,212 | +€1,730 | +11.2% |
| Remuneration and social security | 454/9 | €46,821 | €46,688 | -€133 | -0.3% |
| Remuneration, social security and pensions | 62 | €172,868 | €218,734 | +€45,866 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,501 | €5,501 | = | 0.0% |
| Other operating charges | 640/8 | €300 | €198 | -€102 | -33.9% |
| Gross operating margin | 9900 | €195,345 | €249,511 | +€54,166 | +27.7% |
| Operating profit (loss) | 9901 | €16,676 | €25,077 | +€8,401 | +50.4% |
| Financial charges | 65/66B | €2,495 | €2,284 | -€211 | -8.4% |
| Recurring financial charges | 65 | €2,495 | €2,284 | -€211 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €14,181 | €22,793 | +€8,612 | +60.7% |
| Income taxes | 67/77 | €1,594 | €4,001 | +€2,407 | +151.0% |
| Profit (loss) for the period | 9904 | €12,587 | €18,792 | +€6,205 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,587 | €18,792 | +€6,205 | +49.3% |
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 7 October 2026 via checked.be.