NIMBOW: 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.
NIMBOW
Largest movements
- Tangible fixed assets +€50,353
up €50,353 (+33.8%), from €148,943 to €199,296
of which Furniture and vehicles: +€36,654
- Cash -€31,799
down €31,799 (-24.9%), from €127,478 to €95,679
mainly Investment in fixed assets (net) (-€77,111) and Contributions, distributions and other (-€26,745)
- Receivables within one year +€12,037
up €12,037 (+23.5%), from €51,167 to €63,203
of which Trade receivables: +€20,957
- Reserves +€27,693
up €27,693 (+9.3%), from €298,401 to €326,094
- Gross operating margin +€27,355
up €27,355 (+35.0%), from €78,125 to €105,480
- Depreciation +€18,445
up €18,445 (+209.3%), from €8,813 to €27,258
- Taxes +€2,858
up €2,858 (+15.0%), from €19,046 to €21,904
- Financial charges -€1,350
down €1,350 (-56.1%), from €2,406 to €1,056
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 | €328,088 | €358,178 | +€30,090 | +9.2% |
| Fixed assets | 21/28 | €149,443 | €199,296 | +€49,853 | +33.4% |
| Tangible fixed assets | 22/27 | €148,943 | €199,296 | +€50,353 | +33.8% |
| Land and buildings | 22 | €130,963 | €147,772 | +€16,809 | +12.8% |
| Plant, machinery and equipment | 23 | €11,883 | €8,774 | -€3,110 | -26.2% |
| Furniture and vehicles | 24 | €6,096 | €42,750 | +€36,654 | +601.3% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100.0% |
| Current assets | 29/58 | €178,645 | €158,882 | -€19,763 | -11.1% |
| Amounts receivable within one year | 40/41 | €51,167 | €63,203 | +€12,037 | +23.5% |
| Trade receivables | 40 | €39,619 | €60,576 | +€20,957 | +52.9% |
| Other amounts receivable | 41 | €11,548 | €2,627 | -€8,920 | -77.2% |
| Cash at bank and in hand | 54/58 | €127,478 | €95,679 | -€31,799 | -24.9% |
| Total equity and liabilities | 10/49 | €328,088 | €358,178 | +€30,090 | +9.2% |
| Equity | 10/15 | €310,801 | €338,494 | +€27,693 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €298,401 | €326,094 | +€27,693 | +9.3% |
| Distributable reserves | 133 | €298,401 | €326,094 | +€27,693 | +9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,287 | €19,684 | +€2,398 | +13.9% |
| Amounts payable within one year | 42/48 | €17,287 | €19,684 | +€2,398 | +13.9% |
| Trade debts | 44 | €2,625 | €4,982 | +€2,357 | +89.8% |
| Suppliers | 440/4 | €2,625 | €4,982 | +€2,357 | +89.8% |
| Advances received on contracts in progress | 46 | €4,000 | €5,059 | +€1,059 | +26.5% |
| Taxes, remuneration and social security | 45 | €4,558 | €4,684 | +€126 | +2.8% |
| Taxes | 450/3 | €4,558 | €4,684 | +€126 | +2.8% |
| Other amounts payable | 47/48 | €6,104 | €4,959 | -€1,145 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,813 | €27,258 | +€18,445 | +209.3% |
| Other operating charges | 640/8 | €643 | €825 | +€182 | +28.3% |
| Gross operating margin | 9900 | €78,125 | €105,480 | +€27,355 | +35.0% |
| Operating profit (loss) | 9901 | €68,669 | €77,398 | +€8,729 | +12.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900.0% |
| Financial charges | 65/66B | €2,406 | €1,056 | -€1,350 | -56.1% |
| Recurring financial charges | 65 | €2,406 | €1,056 | -€1,350 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €66,263 | €76,341 | +€10,078 | +15.2% |
| Income taxes | 67/77 | €19,046 | €21,904 | +€2,858 | +15.0% |
| Profit (loss) for the period | 9904 | €47,217 | €54,437 | +€7,221 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,217 | €54,437 | +€7,221 | +15.3% |
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.