Nimoyraf: 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.
Nimoyraf
Largest movements
- Tangible fixed assets +€736,657
up €736,657 (+109.8%), from €670,825 to €1.4m
of which Land and buildings: +€734,895
- Financial fixed assets +€676,134
new in 2025: €676,134
- Receivables after one year -€542,184
down €542,184 (-82.8%), from €654,545 to €112,360
- Cash -€431,202
down €431,202 (-96.7%), from €445,957 to €14,755
mainly Investment in fixed assets (net) (-€1.5m) and Receivables within one year (-€72,893)
- Deferred charges and accrued income -€125,421
down €125,421 (-94.8%), from €132,354 to €6,933
- Debts after one year +€256,632
up €256,632 (+55.3%), from €464,266 to €720,897
- Other debts +€98,631
up €98,631 (+10.9%), from €901,198 to €999,830
- Gross operating margin +€57,016
up €57,016 (+166.5%), from €34,253 to €91,268
- Financial income -€24,478
down €24,478 (-70.6%), from €34,654 to €10,176
- Depreciation +€21,318
up €21,318 (+75.1%), from €28,389 to €49,707
- Financial charges +€15,075
up €15,075 (+76.3%), from €19,748 to €34,822
- Taxes +€7,679
up €7,679, from €0 to €7,679
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 | €1,938,451 | €2,323,506 | +€385,055 | +19.9% |
| Fixed assets | 21/28 | €676,397 | €2,087,367 | +€1.4m | +208.6% |
| Intangible fixed assets | 21 | €5,572 | €3,751 | -€1,821 | -32.7% |
| Tangible fixed assets | 22/27 | €670,825 | €1,407,482 | +€736,657 | +109.8% |
| Land and buildings | 22 | €666,125 | €1,401,020 | +€734,895 | +110.3% |
| Plant, machinery and equipment | 23 | €1,323 | €1,022 | -€301 | -22.7% |
| Furniture and vehicles | 24 | €3,377 | €3,810 | +€433 | +12.8% |
| Other tangible fixed assets | 26 | - | €1,630 | +€1,630 | |
| Financial fixed assets | 28 | - | €676,134 | +€676,134 | |
| Current assets | 29/58 | €1,262,054 | €236,139 | -€1.0m | -81.3% |
| Amounts receivable after more than one year | 29 | €654,545 | €112,360 | -€542,184 | -82.8% |
| Other amounts receivable | 291 | €654,545 | €112,360 | -€542,184 | -82.8% |
| Amounts receivable within one year | 40/41 | €29,198 | €102,091 | +€72,893 | +249.6% |
| Trade receivables | 40 | €6,917 | €74,503 | +€67,586 | +977.0% |
| Other amounts receivable | 41 | €22,281 | €27,588 | +€5,307 | +23.8% |
| Cash at bank and in hand | 54/58 | €445,957 | €14,755 | -€431,202 | -96.7% |
| Deferred charges and accrued income | 490/1 | €132,354 | €6,933 | -€125,421 | -94.8% |
| Total equity and liabilities | 10/49 | €1,938,451 | €2,323,506 | +€385,055 | +19.9% |
| Equity | 10/15 | €539,000 | €545,077 | +€6,077 | +1.1% |
| Contributions | 10/11 | €435,000 | €435,000 | = | 0.0% |
| Revaluation surpluses | 12 | €135,694 | €130,250 | -€5,444 | -4.0% |
| Reserves | 13 | €4,910 | €10,354 | +€5,444 | +110.9% |
| Tax-exempt reserves | 132 | €4,508 | €4,508 | = | 0.0% |
| Distributable reserves | 133 | €402 | €5,845 | +€5,444 | +1355.6% |
| Profit (loss) carried forward | 14 | -€36,604 | -€30,527 | +€6,077 | +16.6% |
| Amounts payable | 17/49 | €1,399,451 | €1,778,429 | +€378,979 | +27.1% |
| Amounts payable after more than one year | 17 | €464,266 | €720,897 | +€256,632 | +55.3% |
| Financial debts | 170/4 | €464,266 | €720,897 | +€256,632 | +55.3% |
| Amounts payable within one year | 42/48 | €933,096 | €1,055,465 | +€122,369 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €17,517 | €34,254 | +€16,737 | +95.5% |
| Trade debts | 44 | €9,097 | €7,405 | -€1,692 | -18.6% |
| Suppliers | 440/4 | €9,097 | €7,405 | -€1,692 | -18.6% |
| Taxes, remuneration and social security | 45 | €5,284 | €13,976 | +€8,692 | +164.5% |
| Taxes | 450/3 | €5,284 | €13,976 | +€8,692 | +164.5% |
| Other amounts payable | 47/48 | €901,198 | €999,830 | +€98,631 | +10.9% |
| Accrued charges and deferred income | 492/3 | €2,089 | €2,067 | -€22 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,389 | €49,707 | +€21,318 | +75.1% |
| Other operating charges | 640/8 | €7,461 | €3,159 | -€4,302 | -57.7% |
| Gross operating margin | 9900 | €34,253 | €91,268 | +€57,016 | +166.5% |
| Operating profit (loss) | 9901 | -€1,598 | €38,402 | +€40,000 | |
| Financial income | 75/76B | €34,654 | €10,176 | -€24,478 | -70.6% |
| Recurring financial income | 75 | €34,654 | €10,176 | -€24,478 | -70.6% |
| Financial charges | 65/66B | €19,748 | €34,822 | +€15,075 | +76.3% |
| Recurring financial charges | 65 | €19,748 | €34,822 | +€15,075 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €13,308 | €13,756 | +€448 | +3.4% |
| Income taxes | 67/77 | €0 | €7,679 | +€7,679 | |
| Profit (loss) for the period | 9904 | €13,308 | €6,077 | -€7,232 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,308 | €6,077 | -€7,232 | -54.3% |
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 6 October 2026 via checked.be.