NIMO: 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.
What changed
NIMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€916,071
2024 · €923,867-€7,795
Equity
€14.7m
2024 · €13.8m+€848,727
Cash
€404,822
2024 · €1.6m-€1.1m
Balance sheet total
€27.7m
2024 · €25.9m+€1.8m
Largest movements
Assets
- Tangible fixed assets +€2.1m
up €2.1m (+9.7%), from €22.0m to €24.2m
of which Land and buildings: +€2.2m
- Cash -€1.1m
down €1.1m (-73.9%), from €1.6m to €404,822
mainly Investment in fixed assets (net) (-€4.0m) and Current portion of long-term debt (-€239,696)
- Financial fixed assets +€971,731
up €971,731 (+61.2%), from €1.6m to €2.6m
Equity and liabilities
- Profit (loss) carried forward +€1.3m
up €1.3m (+20.6%), from €6.5m to €7.8m
- Debts after one year +€1.3m
up €1.3m (+13.2%), from €9.6m to €10.8m
of which Financial debts: +€1.2m
- Reserves -€486,186
down €486,186 (-8.8%), from €5.5m to €5.0m
of which Tax-exempt reserves: -€378,279
Income statement
- Other operating charges +€281,427
up €281,427 (+105.0%), from €268,039 to €549,466
- Financial charges -€173,334
down €173,334 (-29.8%), from €582,273 to €408,939
- Gross operating margin -€101,005
down €101,005 (-3.2%), from €3.1m to €3.0m
- Depreciation -€34,214
down €34,214 (-3.3%), from €1.0m to €995,163
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
€923,867
Gross operating margin
-€101,005
Depreciation
+€34,214
Other operating charges
-€281,427
Financial income
-€5,309
Financial charges
+€173,334
Taxes
+€25,541
Deferred taxes and other
+€146,857
Result 2025
€916,071
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.
From operations
+€1.9m
Investment
-€4.0m
Financing
+€951,208
Cash 2024
€1.6m
From operations (derived)
+€1.9m
Net result for the year
+€916,071
Depreciation
+€995,163
Receivables within one year
+€58,988
Deferred charges and accrued income
+€10,372
Provisions
-€139,945
Trade debts
+€64,843
Tax, wage and social debts
-€119,267
Other debts
-€85,000
Accrued charges and deferred income
+€233,237
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€4.0m
Financing
+€951,208
Debts after one year
+€1.3m
Current portion of long-term debt
-€239,696
Contributions, distributions and other
-€67,345
Cash 2025
€404,822
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,894,654 | €27,715,802 | +€1.8m | +7.0% |
| Fixed assets | 21/28 | €23,703,992 | €26,741,735 | +€3.0m | +12.8% |
| Intangible fixed assets | 21 | €67,345 | €0 | -€67,345 | -100.0% |
| Tangible fixed assets | 22/27 | €22,049,740 | €24,183,097 | +€2.1m | +9.7% |
| Land and buildings | 22 | €21,519,398 | €23,721,894 | +€2.2m | +10.2% |
| Plant, machinery and equipment | 23 | €530,342 | €461,203 | -€69,139 | -13.0% |
| Financial fixed assets | 28 | €1,586,907 | €2,558,638 | +€971,731 | +61.2% |
| Current assets | 29/58 | €2,190,662 | €974,067 | -€1.2m | -55.5% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Trade receivables | 290 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €188,057 | €129,069 | -€58,988 | -31.4% |
| Trade receivables | 40 | €95,076 | €84,802 | -€10,274 | -10.8% |
| Other amounts receivable | 41 | €92,981 | €44,267 | -€48,714 | -52.4% |
| Cash at bank and in hand | 54/58 | €1,552,058 | €404,822 | -€1.1m | -73.9% |
| Deferred charges and accrued income | 490/1 | €50,547 | €40,176 | -€10,372 | -20.5% |
| Total equity and liabilities | 10/49 | €25,894,654 | €27,715,802 | +€1.8m | +7.0% |
| Equity | 10/15 | €13,848,990 | €14,697,717 | +€848,727 | +6.1% |
| Contributions | 10/11 | €1,850,000 | €1,850,000 | = | 0.0% |
| Capital | 10 | €1,850,000 | €1,850,000 | = | 0.0% |
| Issued capital | 100 | €1,850,000 | €1,850,000 | = | 0.0% |
| Reserves | 13 | €5,527,945 | €5,041,759 | -€486,186 | -8.8% |
| Non-distributable reserves | 130/1 | €206,865 | €185,000 | -€21,865 | -10.6% |
| Legal reserve | 130 | €206,865 | €185,000 | -€21,865 | -10.6% |
| Tax-exempt reserves | 132 | €3,332,611 | €2,954,332 | -€378,279 | -11.4% |
| Distributable reserves | 133 | €1,988,469 | €1,902,427 | -€86,042 | -4.3% |
| Profit (loss) carried forward | 14 | €6,471,045 | €7,805,958 | +€1.3m | +20.6% |
| Provisions and deferred taxes | 16 | €1,005,439 | €865,494 | -€139,945 | -13.9% |
| Deferred taxes | 168 | €1,005,439 | €865,494 | -€139,945 | -13.9% |
| Amounts payable | 17/49 | €11,040,225 | €12,152,591 | +€1.1m | +10.1% |
| Amounts payable after more than one year | 17 | €9,559,767 | €10,818,016 | +€1.3m | +13.2% |
| Financial debts | 170/4 | €9,480,657 | €10,725,673 | +€1.2m | +13.1% |
| Other amounts payable | 178/9 | €79,110 | €92,343 | +€13,233 | +16.7% |
| Amounts payable within one year | 42/48 | €1,447,065 | €1,067,945 | -€379,120 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €1,072,288 | €832,592 | -€239,696 | -22.4% |
| Trade debts | 44 | €79,903 | €144,746 | +€64,843 | +81.2% |
| Suppliers | 440/4 | €79,903 | €144,746 | +€64,843 | +81.2% |
| Taxes, remuneration and social security | 45 | €209,874 | €90,607 | -€119,267 | -56.8% |
| Taxes | 450/3 | €209,874 | €90,607 | -€119,267 | -56.8% |
| Other amounts payable | 47/48 | €85,000 | €0 | -€85,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €33,393 | €266,631 | +€233,237 | +698.5% |
| Non-recurring operating income | 76A | €313,303 | €0 | -€313,303 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,029,377 | €995,163 | -€34,214 | -3.3% |
| Other operating charges | 640/8 | €268,039 | €549,466 | +€281,427 | +105.0% |
| Gross operating margin | 9900 | €3,122,354 | €3,021,349 | -€101,005 | -3.2% |
| Operating profit (loss) | 9901 | €1,824,937 | €1,476,719 | -€348,218 | -19.1% |
| Financial income | 75/76B | €5,437 | €127 | -€5,309 | -97.7% |
| Recurring financial income | 75 | €5,437 | €127 | -€5,309 | -97.7% |
| Financial charges | 65/66B | €582,273 | €408,939 | -€173,334 | -29.8% |
| Recurring financial charges | 65 | €582,273 | €408,939 | -€173,334 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €1,248,101 | €1,067,908 | -€180,193 | -14.4% |
| Transfer from deferred taxes | 780 | €71,414 | €139,945 | +€68,531 | +96.0% |
| Transfer to deferred taxes | 680 | €78,326 | €0 | -€78,326 | -100.0% |
| Income taxes | 67/77 | €317,322 | €291,781 | -€25,541 | -8.0% |
| Profit (loss) for the period | 9904 | €923,867 | €916,071 | -€7,795 | -0.8% |
| Transfer from tax-exempt reserves | 789 | €370,546 | €370,594 | +€48 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €592,827 | €0 | -€592,827 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €701,585 | €1,286,665 | +€585,081 | +83.4% |
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.