NIMAT: 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.
NIMAT
Largest movements
- Cash +€29,576
up €29,576 (+119.9%), from €24,661 to €54,237
mainly Net result for the year (+€69,043) and Depreciation (+€20,741)
- Tangible fixed assets -€11,770
down €11,770 (-3.4%), from €349,131 to €337,361
of which Land and buildings: -€11,393
- Reserves +€69,043
up €69,043 (+66.2%), from €104,344 to €173,387
- Debts after one year -€35,347
down €35,347 (-14.7%), from €240,277 to €204,930
of which Financial debts: -€25,347
- Other debts -€15,472
down €15,472 (-88.1%), from €17,570 to €2,098
- Gross operating margin +€24,933
up €24,933 (+27.0%), from €92,310 to €117,242
- Taxes +€8,602
up €8,602 (+73.6%), from €11,691 to €20,293
- Depreciation +€7,177
up €7,177 (+52.9%), from €13,565 to €20,741
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 | €414,708 | €434,764 | +€20,057 | +4.8% |
| Fixed assets | 21/28 | €349,131 | €337,361 | -€11,770 | -3.4% |
| Tangible fixed assets | 22/27 | €349,131 | €337,361 | -€11,770 | -3.4% |
| Land and buildings | 22 | €341,242 | €329,849 | -€11,393 | -3.3% |
| Furniture and vehicles | 24 | €7,889 | €7,512 | -€377 | -4.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €65,577 | €97,403 | +€31,827 | +48.5% |
| Amounts receivable within one year | 40/41 | €40,915 | €43,166 | +€2,251 | +5.5% |
| Trade receivables | 40 | €25,338 | €22,814 | -€2,523 | -10.0% |
| Other amounts receivable | 41 | €15,578 | €20,351 | +€4,774 | +30.6% |
| Cash at bank and in hand | 54/58 | €24,661 | €54,237 | +€29,576 | +119.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €414,708 | €434,764 | +€20,057 | +4.8% |
| Equity | 10/15 | €109,344 | €178,387 | +€69,043 | +63.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €104,344 | €173,387 | +€69,043 | +66.2% |
| Distributable reserves | 133 | €104,344 | €173,387 | +€69,043 | +66.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €305,364 | €256,378 | -€48,987 | -16.0% |
| Amounts payable after more than one year | 17 | €240,277 | €204,930 | -€35,347 | -14.7% |
| Financial debts | 170/4 | €200,277 | €174,930 | -€25,347 | -12.7% |
| Other amounts payable | 178/9 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Amounts payable within one year | 42/48 | €65,087 | €49,871 | -€15,216 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €35,118 | €35,347 | +€229 | +0.7% |
| Trade debts | 44 | €5,818 | €2,389 | -€3,429 | -58.9% |
| Suppliers | 440/4 | €5,818 | €2,389 | -€3,429 | -58.9% |
| Taxes, remuneration and social security | 45 | €6,581 | €10,037 | +€3,456 | +52.5% |
| Taxes | 450/3 | €6,581 | €10,037 | +€3,456 | +52.5% |
| Other amounts payable | 47/48 | €17,570 | €2,098 | -€15,472 | -88.1% |
| Accrued charges and deferred income | 492/3 | €0 | €1,577 | +€1,577 | |
| Non-recurring operating income | 76A | €4,201 | €0 | -€4,201 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,565 | €20,741 | +€7,177 | +52.9% |
| Other operating charges | 640/8 | €2,776 | €1,691 | -€1,085 | -39.1% |
| Gross operating margin | 9900 | €92,310 | €117,242 | +€24,933 | +27.0% |
| Operating profit (loss) | 9901 | €75,969 | €94,810 | +€18,841 | +24.8% |
| Financial income | 75/76B | €225 | €863 | +€638 | +283.7% |
| Recurring financial income | 75 | €225 | €863 | +€638 | +283.7% |
| Financial charges | 65/66B | €7,434 | €6,337 | -€1,097 | -14.8% |
| Recurring financial charges | 65 | €7,434 | €6,337 | -€1,097 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €68,760 | €89,336 | +€20,575 | +29.9% |
| Income taxes | 67/77 | €11,691 | €20,293 | +€8,602 | +73.6% |
| Profit (loss) for the period | 9904 | €57,069 | €69,043 | +€11,974 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,069 | €69,043 | +€11,974 | +21.0% |
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 8 October 2026 via checked.be.