NIMY PHAR: 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.
NIMY PHAR
Largest movements
- Intangible fixed assets -€39,551
down €39,551 (-33.4%), from €118,377 to €78,825
- Tangible fixed assets -€12,503
down €12,503 (-10.3%), from €121,196 to €108,692
of which Land and buildings: -€14,017
- Receivables within one year +€8,085
up €8,085 (+24.6%), from €32,885 to €40,970
of which Trade receivables: +€12,796
- Stocks and contracts -€3,686
down €3,686 (-12.2%), from €30,260 to €26,573
- Debts after one year -€65,677
down €65,677 (-32.8%), from €200,278 to €134,601
- Other debts +€60,886
up €60,886 (+81.8%), from €74,469 to €135,356
- Profit (loss) carried forward -€19,501
down €19,501 (-8.4%), from -€231,985 to -€251,486
- Trade debts -€14,387
down €14,387 (-17.0%), from €84,599 to €70,212
- Short-term financial debts -€9,692
down €9,692 (-27.5%), from €35,283 to €25,591
- Gross operating margin +€18,936
up €18,936 (+27.1%), from €69,811 to €88,747
- Taxes +€3,992
up €3,992 (+125%), from €3,194 to €7,186
- Financial charges -€2,770
down €2,770 (-12.8%), from €21,619 to €18,850
- Staff costs -€1,412
down €1,412 (-5.5%), from €25,609 to €24,196
- Depreciation +€1,313
up €1,313 (+2.3%), from €56,667 to €57,980
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 | €309,221 | €259,917 | -€49,304 | -15.9% |
| Fixed assets | 21/28 | €240,623 | €188,568 | -€52,055 | -21.6% |
| Intangible fixed assets | 21 | €118,377 | €78,825 | -€39,551 | -33.4% |
| Tangible fixed assets | 22/27 | €121,196 | €108,692 | -€12,503 | -10.3% |
| Land and buildings | 22 | €97,085 | €83,068 | -€14,017 | -14.4% |
| Plant, machinery and equipment | 23 | €23,801 | €21,858 | -€1,943 | -8.2% |
| Furniture and vehicles | 24 | €309 | €3,766 | +€3,457 | +1,119% |
| Financial fixed assets | 28 | €1,051 | €1,051 | = | 0.0% |
| Current assets | 29/58 | €68,598 | €71,349 | +€2,751 | +4.0% |
| Stocks and contracts in progress | 3 | €30,260 | €26,573 | -€3,686 | -12.2% |
| Stocks | 30/36 | €30,260 | €26,573 | -€3,686 | -12.2% |
| Amounts receivable within one year | 40/41 | €32,885 | €40,970 | +€8,085 | +24.6% |
| Trade receivables | 40 | €28,174 | €40,970 | +€12,796 | +45.4% |
| Other amounts receivable | 41 | €4,711 | - | -€4,711 | |
| Cash at bank and in hand | 54/58 | €5,303 | €3,568 | -€1,735 | -32.7% |
| Deferred charges and accrued income | 490/1 | €150 | €237 | +€87 | +57.8% |
| Total equity and liabilities | 10/49 | €309,221 | €259,917 | -€49,304 | -15.9% |
| Equity | 10/15 | -€169,985 | -€189,486 | -€19,501 | -11.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€231,985 | -€251,486 | -€19,501 | -8.4% |
| Amounts payable | 17/49 | €479,206 | €449,403 | -€29,803 | -6.2% |
| Amounts payable after more than one year | 17 | €200,278 | €134,601 | -€65,677 | -32.8% |
| Financial debts | 170/4 | €200,278 | €134,601 | -€65,677 | -32.8% |
| Amounts payable within one year | 42/48 | €277,945 | €314,044 | +€36,099 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €67,538 | €70,648 | +€3,111 | +4.6% |
| Financial debts | 43 | €35,283 | €25,591 | -€9,692 | -27.5% |
| Credit institutions | 430/8 | €35,283 | €25,591 | -€9,692 | -27.5% |
| Trade debts | 44 | €84,599 | €70,212 | -€14,387 | -17.0% |
| Suppliers | 440/4 | €84,599 | €70,212 | -€14,387 | -17.0% |
| Taxes, remuneration and social security | 45 | €16,055 | €12,237 | -€3,819 | -23.8% |
| Taxes | 450/3 | €12,229 | €8,248 | -€3,981 | -32.6% |
| Remuneration and social security | 454/9 | €3,827 | €3,988 | +€162 | +4.2% |
| Other amounts payable | 47/48 | €74,469 | €135,356 | +€60,886 | +81.8% |
| Accrued charges and deferred income | 492/3 | €983 | €758 | -€224 | -22.8% |
| Remuneration, social security and pensions | 62 | €25,609 | €24,196 | -€1,412 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,667 | €57,980 | +€1,313 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36 | +€36 | |
| Other operating charges | 640/8 | €1 | €0 | -€0 | -69.7% |
| Gross operating margin | 9900 | €69,811 | €88,747 | +€18,936 | +27.1% |
| Operating profit (loss) | 9901 | -€12,465 | €6,534 | +€19,000 | |
| Financial income | 75/76B | €60 | - | -€60 | |
| Recurring financial income | 75 | €60 | - | -€60 | |
| Financial charges | 65/66B | €21,619 | €18,850 | -€2,770 | -12.8% |
| Recurring financial charges | 65 | €21,619 | €18,850 | -€2,770 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,025 | -€12,315 | +€21,709 | +63.8% |
| Income taxes | 67/77 | €3,194 | €7,186 | +€3,992 | +125% |
| Profit (loss) for the period | 9904 | -€37,219 | -€19,501 | +€17,717 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,219 | -€19,501 | +€17,717 | +47.6% |
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 17 October 2026 via checked.be.