NIMU CONSULT: 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.
NIMU CONSULT
Largest movements
- Stocks and contracts -€15,000
down €15,000 (-100%), from €15,000 to €0
- Tangible fixed assets -€5,400
down €5,400 (-3.8%), from €143,925 to €138,524
of which Land and buildings: -€4,769
- Receivables within one year +€4,805
up €4,805 (+844%), from €569 to €5,374
of which Trade receivables: +€3,191
- Deferred charges and accrued income +€2,429
up €2,429 (+576%), from €421 to €2,850
- Debts after one year -€145,859
down €145,859 (-100%), from €145,859 to €0
- Current portion of long-term debt +€129,593
up €129,593 (+4,143%), from €3,128 to €132,721
- Other debts +€42,110
up €42,110 (+236%), from €17,837 to €59,946
- Trade debts -€29,713
down €29,713 (-86.2%), from €34,455 to €4,742
- Profit (loss) carried forward -€9,489
down €9,489 (-13.8%), from -€68,863 to -€78,352
- Gross operating margin -€33,654
down €33,654, from €33,172 to -€482
- Financial charges -€11,585
down €11,585 (-82.5%), from €14,049 to €2,464
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,165 | €170,998 | -€13,167 | -7.1% |
| Fixed assets | 21/28 | €143,925 | €138,524 | -€5,400 | -3.8% |
| Tangible fixed assets | 22/27 | €143,925 | €138,524 | -€5,400 | -3.8% |
| Land and buildings | 22 | €142,457 | €137,688 | -€4,769 | -3.3% |
| Plant, machinery and equipment | 23 | €1,468 | €837 | -€632 | -43.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €40,241 | €32,474 | -€7,767 | -19.3% |
| Amounts receivable after more than one year | 29 | €24,250 | €24,250 | = | 0.0% |
| Other amounts receivable | 291 | €24,250 | €24,250 | = | 0.0% |
| Stocks and contracts in progress | 3 | €15,000 | €0 | -€15,000 | -100% |
| Contracts in progress | 37 | €15,000 | €0 | -€15,000 | -100% |
| Amounts receivable within one year | 40/41 | €569 | €5,374 | +€4,805 | +844% |
| Trade receivables | 40 | €0 | €3,191 | +€3,191 | |
| Other amounts receivable | 41 | €569 | €2,183 | +€1,614 | +284% |
| Deferred charges and accrued income | 490/1 | €421 | €2,850 | +€2,429 | +576% |
| Total equity and liabilities | 10/49 | €184,165 | €170,998 | -€13,167 | -7.1% |
| Equity | 10/15 | -€32,736 | -€42,225 | -€9,489 | -29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,527 | €17,527 | = | 0.0% |
| Distributable reserves | 133 | €17,527 | €17,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,863 | -€78,352 | -€9,489 | -13.8% |
| Amounts payable | 17/49 | €216,902 | €213,223 | -€3,678 | -1.7% |
| Amounts payable after more than one year | 17 | €145,859 | €0 | -€145,859 | -100% |
| Financial debts | 170/4 | €145,859 | €0 | -€145,859 | -100% |
| Amounts payable within one year | 42/48 | €71,043 | €213,223 | +€142,181 | +200% |
| Current portion of amounts payable after more than one year | 42 | €3,128 | €132,721 | +€129,593 | +4,143% |
| Financial debts | 43 | €15,510 | €15,501 | -€9 | -0.1% |
| Credit institutions | 430/8 | €15,510 | €15,501 | -€9 | -0.1% |
| Trade debts | 44 | €34,455 | €4,742 | -€29,713 | -86.2% |
| Suppliers | 440/4 | €34,455 | €4,742 | -€29,713 | -86.2% |
| Taxes, remuneration and social security | 45 | €113 | €314 | +€200 | +176% |
| Taxes | 450/3 | €113 | €314 | +€200 | +176% |
| Other amounts payable | 47/48 | €17,837 | €59,946 | +€42,110 | +236% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,400 | €5,400 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €873 | €1,001 | +€128 | +14.7% |
| Non-recurring operating charges | 66A | €14,278 | €0 | -€14,278 | -100% |
| Gross operating margin | 9900 | €33,172 | -€482 | -€33,654 | |
| Operating profit (loss) | 9901 | €12,622 | -€6,884 | -€19,505 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €14,049 | €2,464 | -€11,585 | -82.5% |
| Recurring financial charges | 65 | €14,049 | €2,464 | -€11,585 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,427 | -€9,348 | -€7,920 | -555% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | -€1,555 | -€9,489 | -€7,933 | -510% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,555 | -€9,489 | -€7,933 | -510% |
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 28 October 2026 via checked.be.