NIMITZ: 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.
NIMITZ
Largest movements
- Cash +€96,866
up €96,866 (+206.3%), from €46,962 to €143,828
mainly Net result for the year (+€79,639) and Tax, wage and social debts (+€23,916)
- Tangible fixed assets -€13,756
down €13,756 (-13.0%), from €105,709 to €91,952
of which Furniture and vehicles: -€20,926
- Current investments +€9,056
up €9,056 (+127.9%), from €7,078 to €16,134
- Profit (loss) carried forward +€79,639
up €79,639 (+64.8%), from €122,908 to €202,548
- Tax, wage and social debts +€23,916
up €23,916 (+166.0%), from €14,404 to €38,320
- Debts after one year -€9,645
down €9,645 (-100.0%), from €9,645 to €0
- Gross operating margin +€24,034
up €24,034 (+14.7%), from €162,983 to €187,017
- Financial charges +€9,640
up €9,640 (+19.1%), from €50,538 to €60,178
- Depreciation +€6,233
up €6,233 (+37.7%), from €16,534 to €22,767
- Other operating charges -€3,808
down €3,808 (-70.7%), from €5,389 to €1,581
- Taxes +€3,508
up €3,508 (+18.1%), from €19,400 to €22,908
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 | €163,780 | €257,287 | +€93,507 | +57.1% |
| Fixed assets | 21/28 | €105,709 | €91,952 | -€13,756 | -13.0% |
| Tangible fixed assets | 22/27 | €105,709 | €91,952 | -€13,756 | -13.0% |
| Land and buildings | 22 | €27,603 | €26,413 | -€1,190 | -4.3% |
| Furniture and vehicles | 24 | €76,753 | €55,826 | -€20,926 | -27.3% |
| Other tangible fixed assets | 26 | €1,353 | €9,713 | +€8,360 | +618.1% |
| Current assets | 29/58 | €58,072 | €165,335 | +€107,263 | +184.7% |
| Amounts receivable within one year | 40/41 | €1,182 | €2,373 | +€1,191 | +100.8% |
| Trade receivables | 40 | - | €298 | +€298 | |
| Other amounts receivable | 41 | €1,182 | €2,075 | +€893 | +75.6% |
| Current investments | 50/53 | €7,078 | €16,134 | +€9,056 | +127.9% |
| Cash at bank and in hand | 54/58 | €46,962 | €143,828 | +€96,866 | +206.3% |
| Deferred charges and accrued income | 490/1 | €2,849 | €3,000 | +€150 | +5.3% |
| Total equity and liabilities | 10/49 | €163,780 | €257,287 | +€93,507 | +57.1% |
| Equity | 10/15 | €127,908 | €207,548 | +€79,639 | +62.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €122,908 | €202,548 | +€79,639 | +64.8% |
| Amounts payable | 17/49 | €35,872 | €49,740 | +€13,867 | +38.7% |
| Amounts payable after more than one year | 17 | €9,645 | €0 | -€9,645 | -100.0% |
| Financial debts | 170/4 | €9,645 | €0 | -€9,645 | -100.0% |
| Amounts payable within one year | 42/48 | €26,227 | €49,740 | +€23,512 | +89.6% |
| Current portion of amounts payable after more than one year | 42 | €11,251 | €9,645 | -€1,606 | -14.3% |
| Trade debts | 44 | €572 | €1,775 | +€1,203 | +210.1% |
| Suppliers | 440/4 | €572 | €1,775 | +€1,203 | +210.1% |
| Taxes, remuneration and social security | 45 | €14,404 | €38,320 | +€23,916 | +166.0% |
| Taxes | 450/3 | €14,404 | €38,320 | +€23,916 | +166.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,534 | €22,767 | +€6,233 | +37.7% |
| Other operating charges | 640/8 | €5,389 | €1,581 | -€3,808 | -70.7% |
| Gross operating margin | 9900 | €162,983 | €187,017 | +€24,034 | +14.7% |
| Operating profit (loss) | 9901 | €141,060 | €162,669 | +€21,609 | +15.3% |
| Financial income | 75/76B | €1,749 | €56 | -€1,693 | -96.8% |
| Recurring financial income | 75 | €1,749 | €56 | -€1,693 | -96.8% |
| Financial charges | 65/66B | €50,538 | €60,178 | +€9,640 | +19.1% |
| Recurring financial charges | 65 | €50,538 | €60,178 | +€9,640 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €92,272 | €102,548 | +€10,276 | +11.1% |
| Income taxes | 67/77 | €19,400 | €22,908 | +€3,508 | +18.1% |
| Profit (loss) for the period | 9904 | €72,872 | €79,639 | +€6,768 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,872 | €79,639 | +€6,768 | +9.3% |
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 28 September 2026 via checked.be.