NIMAR: 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.
NIMAR
Largest movements
- Stocks and contracts -€279,310
down €279,310 (-32.8%), from €852,266 to €572,956
- Receivables within one year -€257,096
down €257,096 (-93.7%), from €274,353 to €17,257
of which Other amounts receivable: -€253,096
- Cash +€117,182
up €117,182 (+804.2%), from €14,571 to €131,752
mainly Stocks and contracts (+€279,310) and Receivables within one year (+€257,096)
- Short-term financial debts -€260,023
down €260,023 (-44.5%), from €584,023 to €324,000
- Trade debts -€56,689
down €56,689 (-68.7%), from €82,459 to €25,770
- Reserves -€43,853
down €43,853 (-10.4%), from €422,425 to €378,572
of which Distributable reserves: -€43,853
- Other debts -€36,949
no longer reported in 2024 (was €36,949)
- Gross operating margin -€168,629
down €168,629, from €150,991 to -€17,637
- Taxes -€28,505
down €28,505 (-98.9%), from €28,830 to €325
- Financial charges -€17,127
down €17,127 (-46.7%), from €36,669 to €19,542
- Other operating charges -€6,809
down €6,809 (-95.2%), from €7,155 to €345
- Depreciation +€2,415
up €2,415 (+62.6%), from €3,860 to €6,276
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 | €1,262,835 | €850,411 | -€412,424 | -32.7% |
| Fixed assets | 21/28 | €121,645 | €128,445 | +€6,800 | +5.6% |
| Tangible fixed assets | 22/27 | €121,645 | €128,445 | +€6,800 | +5.6% |
| Land and buildings | 22 | €121,645 | €117,784 | -€3,860 | -3.2% |
| Furniture and vehicles | 24 | - | €10,660 | +€10,660 | |
| Current assets | 29/58 | €1,141,190 | €721,966 | -€419,224 | -36.7% |
| Stocks and contracts in progress | 3 | €852,266 | €572,956 | -€279,310 | -32.8% |
| Stocks | 30/36 | €852,266 | €572,956 | -€279,310 | -32.8% |
| Amounts receivable within one year | 40/41 | €274,353 | €17,257 | -€257,096 | -93.7% |
| Trade receivables | 40 | €4,000 | - | -€4,000 | |
| Other amounts receivable | 41 | €270,353 | €17,257 | -€253,096 | -93.6% |
| Cash at bank and in hand | 54/58 | €14,571 | €131,752 | +€117,182 | +804.2% |
| Total equity and liabilities | 10/49 | €1,262,835 | €850,411 | -€412,424 | -32.7% |
| Equity | 10/15 | €441,025 | €397,172 | -€43,853 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €422,425 | €378,572 | -€43,853 | -10.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €420,565 | €376,712 | -€43,853 | -10.4% |
| Amounts payable | 17/49 | €821,810 | €453,239 | -€368,571 | -44.8% |
| Amounts payable after more than one year | 17 | €78,825 | €66,501 | -€12,324 | -15.6% |
| Financial debts | 170/4 | €77,282 | €64,958 | -€12,324 | -15.9% |
| Other amounts payable | 178/9 | €1,544 | €1,544 | = | 0.0% |
| Amounts payable within one year | 42/48 | €742,984 | €386,737 | -€356,247 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,099 | +€6,099 | |
| Financial debts | 43 | €584,023 | €324,000 | -€260,023 | -44.5% |
| Credit institutions | 430/8 | €584,023 | €324,000 | -€260,023 | -44.5% |
| Trade debts | 44 | €82,459 | €25,770 | -€56,689 | -68.7% |
| Suppliers | 440/4 | €82,459 | €25,770 | -€56,689 | -68.7% |
| Taxes, remuneration and social security | 45 | €39,553 | €30,869 | -€8,684 | -22.0% |
| Taxes | 450/3 | €39,553 | €30,869 | -€8,684 | -22.0% |
| Other amounts payable | 47/48 | €36,949 | - | -€36,949 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,860 | €6,276 | +€2,415 | +62.6% |
| Other operating charges | 640/8 | €7,155 | €345 | -€6,809 | -95.2% |
| Gross operating margin | 9900 | €150,991 | -€17,637 | -€168,629 | |
| Operating profit (loss) | 9901 | €139,976 | -€24,258 | -€164,234 | |
| Financial income | 75/76B | - | €271 | +€271 | |
| Recurring financial income | 75 | - | €271 | +€271 | |
| Financial charges | 65/66B | €36,669 | €19,542 | -€17,127 | -46.7% |
| Recurring financial charges | 65 | €36,669 | €19,542 | -€17,127 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €103,307 | -€43,529 | -€146,836 | |
| Income taxes | 67/77 | €28,830 | €325 | -€28,505 | -98.9% |
| Profit (loss) for the period | 9904 | €74,477 | -€43,853 | -€118,331 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,477 | -€43,853 | -€118,331 |
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 29 September 2026 via checked.be.