NIMIN: 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.
NIMIN
Largest movements
- Receivables within one year -€226,231
down €226,231 (-22.4%), from €1.0m to €784,278
of which Other amounts receivable: -€227,634
- Financial fixed assets -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash +€36,987
up €36,987 (+12.2%), from €302,494 to €339,481
mainly Receivables within one year (+€226,231) and Depreciation (+€69,278)
- Profit (loss) carried forward -€162,445
new in 2025: -€162,445
- Debts after one year -€108,307
down €108,307 (-11.8%), from €916,397 to €808,089
of which Financial debts: -€109,831
- Revaluation surpluses +€57,185
up €57,185 (+16.3%), from €351,410 to €408,596
- Reserves -€42,489
down €42,489 (-2.8%), from €1.5m to €1.5m
of which Distributable reserves: -€30,759
- Financial income -€256,681
down €256,681 (-99.4%), from €258,253 to €1,572
- Financial charges +€48,098
up €48,098 (+198%), from €24,309 to €72,406
of which Non-recurring financial charges: +€49,999
- Gross operating margin +€39,820
up €39,820, from -€19,853 to €19,968
- Taxes -€12,795
down €12,795 (-96.5%), from €13,260 to €465
- Other operating charges +€1,530
up €1,530 (+24.3%), from €6,303 to €7,833
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,930,871 | €2,678,108 | -€252,763 | -8.6% |
| Fixed assets | 21/28 | €1,611,881 | €1,549,788 | -€62,093 | -3.9% |
| Tangible fixed assets | 22/27 | €1,561,881 | €1,549,788 | -€12,093 | -0.8% |
| Land and buildings | 22 | €1,561,110 | €1,549,732 | -€11,378 | -0.7% |
| Plant, machinery and equipment | 23 | €512 | €56 | -€456 | -89.0% |
| Furniture and vehicles | 24 | €260 | €0 | -€260 | -100% |
| Financial fixed assets | 28 | €50,000 | €0 | -€50,000 | -100% |
| Current assets | 29/58 | €1,318,990 | €1,128,320 | -€190,670 | -14.5% |
| Amounts receivable within one year | 40/41 | €1,010,509 | €784,278 | -€226,231 | -22.4% |
| Trade receivables | 40 | €12,727 | €14,130 | +€1,403 | +11.0% |
| Other amounts receivable | 41 | €997,782 | €770,148 | -€227,634 | -22.8% |
| Cash at bank and in hand | 54/58 | €302,494 | €339,481 | +€36,987 | +12.2% |
| Deferred charges and accrued income | 490/1 | €5,987 | €4,561 | -€1,426 | -23.8% |
| Total equity and liabilities | 10/49 | €2,930,871 | €2,678,108 | -€252,763 | -8.6% |
| Equity | 10/15 | €1,874,146 | €1,726,397 | -€147,748 | -7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €351,410 | €408,596 | +€57,185 | +16.3% |
| Reserves | 13 | €1,516,535 | €1,474,047 | -€42,489 | -2.8% |
| Tax-exempt reserves | 132 | €11,730 | €0 | -€11,730 | -100% |
| Distributable reserves | 133 | €1,504,805 | €1,474,047 | -€30,759 | -2.0% |
| Profit (loss) carried forward | 14 | - | -€162,445 | -€162,445 | |
| Provisions and deferred taxes | 16 | €3,910 | €0 | -€3,910 | -100% |
| Deferred taxes | 168 | €3,910 | €0 | -€3,910 | -100% |
| Amounts payable | 17/49 | €1,052,815 | €951,711 | -€101,104 | -9.6% |
| Amounts payable after more than one year | 17 | €916,397 | €808,089 | -€108,307 | -11.8% |
| Financial debts | 170/4 | €903,102 | €793,272 | -€109,831 | -12.2% |
| Other amounts payable | 178/9 | €13,294 | €14,818 | +€1,523 | +11.5% |
| Amounts payable within one year | 42/48 | €135,852 | €143,622 | +€7,770 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €111,834 | €109,831 | -€2,003 | -1.8% |
| Trade debts | 44 | €5,582 | €7,237 | +€1,656 | +29.7% |
| Suppliers | 440/4 | €5,582 | €7,237 | +€1,656 | +29.7% |
| Taxes, remuneration and social security | 45 | €17,631 | €18,665 | +€1,034 | +5.9% |
| Taxes | 450/3 | €15,631 | €16,665 | +€1,034 | +6.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €806 | €7,889 | +€7,083 | +879% |
| Accrued charges and deferred income | 492/3 | €567 | €0 | -€567 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,384 | €69,278 | -€106 | -0.2% |
| Other operating charges | 640/8 | €6,303 | €7,833 | +€1,530 | +24.3% |
| Non-recurring operating charges | 66A | - | €80,401 | +€80,401 | |
| Gross operating margin | 9900 | -€19,853 | €19,968 | +€39,820 | |
| Operating profit (loss) | 9901 | -€95,539 | -€137,544 | -€42,005 | -44.0% |
| Financial income | 75/76B | €258,253 | €1,572 | -€256,681 | -99.4% |
| Recurring financial income | 75 | €258,253 | €1,572 | -€256,681 | -99.4% |
| Financial charges | 65/66B | €24,309 | €72,406 | +€48,098 | +198% |
| Recurring financial charges | 65 | €24,309 | €22,407 | -€1,901 | -7.8% |
| Non-recurring financial charges | 66B | - | €49,999 | +€49,999 | |
| Profit (loss) for the period before taxes | 9903 | €138,405 | -€208,379 | -€346,784 | |
| Transfer from deferred taxes | 780 | €277 | €3,910 | +€3,633 | +1,311% |
| Income taxes | 67/77 | €13,260 | €465 | -€12,795 | -96.5% |
| Profit (loss) for the period | 9904 | €125,422 | -€204,934 | -€330,356 | |
| Transfer from tax-exempt reserves | 789 | €831 | €11,730 | +€10,899 | +1,311% |
| Profit (loss) for the period to be appropriated | 9905 | €126,253 | -€193,203 | -€319,457 |
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 14 October 2026 via checked.be.