Nimco: what changed
Two financial 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.
What changed
Nimco
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€141,855
2024 · €57,291+€84,565
Equity
€1.2m
2024 · €1.1m+€91,855
Cash
€45,910
2024 · €41,730+€4,180
Balance sheet total
€3.8m
2024 · €3.4m+€436,557
Largest movements
Assets
- Tangible fixed assets +€490,372
up €490,372 (+15.4%), from €3.2m to €3.7m
of which Land and buildings: +€513,258
- Receivables within one year -€62,470
down €62,470 (-43.5%), from €143,671 to €81,201
of which Trade receivables: -€57,470
Equity and liabilities
- Debts after one year +€286,503
up €286,503 (+20.7%), from €1.4m to €1.7m
- Reserves +€91,855
up €91,855 (+13.7%), from €669,608 to €761,463
of which Distributable reserves: +€91,855
- Trade debts +€41,722
up €41,722 (+11.6%), from €361,199 to €402,921
Income statement
- Other operating charges -€55,664
down €55,664 (-39.0%), from €142,566 to €86,902
- Depreciation -€16,954
down €16,954 (-4.6%), from €368,569 to €351,616
- Gross operating margin +€15,227
up €15,227 (+2.4%), from €625,959 to €641,186
- Taxes +€11,382
new in 2025: €11,382
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.
Result 2024
€57,291
Gross operating margin
+€15,227
Depreciation
+€16,954
Other operating charges
+€55,664
Other operating items
+€7,190
Financial income
-€995
Financial charges
+€1,907
Taxes
-€11,382
Result 2025
€141,855
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€579,640
Investment
-€841,988
Financing
+€266,528
Cash 2024
€41,730
From operations (derived)
+€579,640
Net result for the year
+€141,855
Depreciation
+€351,616
Receivables within one year
+€62,470
Deferred charges and accrued income
-€4,475
Trade debts
+€41,722
Tax, wage and social debts
+€6,759
Other debts
-€23,314
Accrued charges and deferred income
+€3,007
Investment (derived)
-€841,988
Investment in fixed assets (net)
-€841,988
Financing
+€266,528
Debts after one year
+€286,503
Current portion of long-term debt
+€30,025
Contributions, distributions and other
-€50,000
Cash 2025
€45,910
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,362,904 | €3,799,461 | +€436,557 | +13.0% |
| Fixed assets | 21/28 | €3,174,395 | €3,664,767 | +€490,372 | +15.4% |
| Tangible fixed assets | 22/27 | €3,174,395 | €3,664,767 | +€490,372 | +15.4% |
| Land and buildings | 22 | €2,992,331 | €3,505,589 | +€513,258 | +17.2% |
| Plant, machinery and equipment | 23 | €176,345 | €155,251 | -€21,094 | -12.0% |
| Furniture and vehicles | 24 | €5,719 | €3,927 | -€1,792 | -31.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €188,509 | €134,694 | -€53,815 | -28.5% |
| Amounts receivable within one year | 40/41 | €143,671 | €81,201 | -€62,470 | -43.5% |
| Trade receivables | 40 | €128,308 | €70,838 | -€57,470 | -44.8% |
| Other amounts receivable | 41 | €15,363 | €10,363 | -€5,000 | -32.5% |
| Cash at bank and in hand | 54/58 | €41,730 | €45,910 | +€4,180 | +10.0% |
| Deferred charges and accrued income | 490/1 | €3,109 | €7,583 | +€4,475 | +144% |
| Total equity and liabilities | 10/49 | €3,362,904 | €3,799,461 | +€436,557 | +13.0% |
| Equity | 10/15 | €1,091,027 | €1,182,882 | +€91,855 | +8.4% |
| Contributions | 10/11 | €260,288 | €260,288 | = | 0.0% |
| Capital | 10 | €260,288 | €260,288 | = | 0.0% |
| Issued capital | 100 | €260,288 | €260,288 | = | 0.0% |
| Revaluation surpluses | 12 | €161,131 | €161,131 | = | 0.0% |
| Reserves | 13 | €669,608 | €761,463 | +€91,855 | +13.7% |
| Non-distributable reserves | 130/1 | €26,029 | €26,029 | = | 0.0% |
| Legal reserve | 130 | €26,029 | €26,029 | = | 0.0% |
| Distributable reserves | 133 | €643,579 | €735,435 | +€91,855 | +14.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,271,877 | €2,616,579 | +€344,702 | +15.2% |
| Amounts payable after more than one year | 17 | €1,382,351 | €1,668,853 | +€286,503 | +20.7% |
| Financial debts | 170/4 | €1,382,351 | €1,668,853 | +€286,503 | +20.7% |
| Amounts payable within one year | 42/48 | €691,482 | €746,674 | +€55,192 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €233,609 | €263,634 | +€30,025 | +12.9% |
| Trade debts | 44 | €361,199 | €402,921 | +€41,722 | +11.6% |
| Suppliers | 440/4 | €361,199 | €402,921 | +€41,722 | +11.6% |
| Taxes, remuneration and social security | 45 | €12,950 | €19,708 | +€6,759 | +52.2% |
| Taxes | 450/3 | €12,950 | €19,708 | +€6,759 | +52.2% |
| Other amounts payable | 47/48 | €83,725 | €60,411 | -€23,314 | -27.8% |
| Accrued charges and deferred income | 492/3 | €198,044 | €201,052 | +€3,007 | +1.5% |
| Non-recurring operating income | 76A | - | €4,324 | +€4,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368,569 | €351,616 | -€16,954 | -4.6% |
| Other operating charges | 640/8 | €142,566 | €86,902 | -€55,664 | -39.0% |
| Non-recurring operating charges | 66A | €7,190 | €0 | -€7,190 | -100% |
| Gross operating margin | 9900 | €625,959 | €641,186 | +€15,227 | +2.4% |
| Operating profit (loss) | 9901 | €107,634 | €202,668 | +€95,035 | +88.3% |
| Financial income | 75/76B | €1,356 | €360 | -€995 | -73.4% |
| Recurring financial income | 75 | €1,356 | €360 | -€995 | -73.4% |
| Financial charges | 65/66B | €51,699 | €49,792 | -€1,907 | -3.7% |
| Recurring financial charges | 65 | €51,699 | €49,792 | -€1,907 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €57,291 | €153,237 | +€95,946 | +167% |
| Income taxes | 67/77 | - | €11,382 | +€11,382 | |
| Profit (loss) for the period | 9904 | €57,291 | €141,855 | +€84,565 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €57,291 | €141,855 | +€84,565 | +148% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.