B - NICK: 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.
B - NICK
Largest movements
- Cash -€23,555
down €23,555 (-32.7%), from €71,925 to €48,370
mainly Other debts (-€115,407) and Stocks and contracts (-€22,771)
- Stocks and contracts +€22,771
up €22,771 (+6.4%), from €358,487 to €381,258
- Deferred charges and accrued income -€14,980
down €14,980 (-84.9%), from €17,640 to €2,660
- Tangible fixed assets -€7,909
down €7,909 (-12.8%), from €61,614 to €53,705
of which Other tangible fixed assets: -€5,086
- Receivables within one year +€7,477
up €7,477 (+101.4%), from €7,372 to €14,849
of which Other amounts receivable: +€10,727
- Other debts -€115,407
down €115,407 (-85.4%), from €135,064 to €19,658
- Debts after one year +€99,227
up €99,227 (+241.3%), from €41,129 to €140,357
- Reserves +€10,694
up €10,694 (+4.8%), from €224,820 to €235,514
of which Distributable reserves: +€10,694
- Tax, wage and social debts -€8,756
down €8,756 (-20.7%), from €42,339 to €33,583
of which Taxes: -€9,242
- Gross operating margin +€14,056
up €14,056 (+13.2%), from €106,855 to €120,912
- Staff costs +€10,020
up €10,020 (+15.0%), from €66,917 to €76,937
- Other operating charges -€6,201
down €6,201 (-55.6%), from €11,153 to €4,951
- Taxes +€3,370
up €3,370 (+56.6%), from €5,960 to €9,330
- Depreciation +€1,243
up €1,243 (+18.6%), from €6,667 to €7,909
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 | €517,038 | €500,842 | -€16,196 | -3.1% |
| Fixed assets | 21/28 | €61,614 | €53,705 | -€7,909 | -12.8% |
| Tangible fixed assets | 22/27 | €61,614 | €53,705 | -€7,909 | -12.8% |
| Land and buildings | 22 | €54,795 | €52,579 | -€2,216 | -4.0% |
| Furniture and vehicles | 24 | €1,733 | €1,126 | -€607 | -35.0% |
| Other tangible fixed assets | 26 | €5,086 | €0 | -€5,086 | -100.0% |
| Current assets | 29/58 | €455,424 | €447,137 | -€8,287 | -1.8% |
| Stocks and contracts in progress | 3 | €358,487 | €381,258 | +€22,771 | +6.4% |
| Stocks | 30/36 | €358,487 | €381,258 | +€22,771 | +6.4% |
| Amounts receivable within one year | 40/41 | €7,372 | €14,849 | +€7,477 | +101.4% |
| Trade receivables | 40 | €3,251 | €0 | -€3,251 | -100.0% |
| Other amounts receivable | 41 | €4,122 | €14,849 | +€10,727 | +260.3% |
| Cash at bank and in hand | 54/58 | €71,925 | €48,370 | -€23,555 | -32.7% |
| Deferred charges and accrued income | 490/1 | €17,640 | €2,660 | -€14,980 | -84.9% |
| Total equity and liabilities | 10/49 | €517,038 | €500,842 | -€16,196 | -3.1% |
| Equity | 10/15 | €255,807 | €266,501 | +€10,694 | +4.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €224,820 | €235,514 | +€10,694 | +4.8% |
| Tax-exempt reserves | 132 | €5,700 | €5,700 | = | 0.0% |
| Distributable reserves | 133 | €219,120 | €229,814 | +€10,694 | +4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €261,231 | €234,341 | -€26,890 | -10.3% |
| Amounts payable after more than one year | 17 | €41,129 | €140,357 | +€99,227 | +241.3% |
| Other amounts payable | 178/9 | €41,129 | €140,357 | +€99,227 | +241.3% |
| Amounts payable within one year | 42/48 | €220,006 | €93,879 | -€126,127 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €10,455 | €10,773 | +€318 | +3.0% |
| Trade debts | 44 | €32,147 | €29,866 | -€2,282 | -7.1% |
| Suppliers | 440/4 | €32,147 | €29,866 | -€2,282 | -7.1% |
| Taxes, remuneration and social security | 45 | €42,339 | €33,583 | -€8,756 | -20.7% |
| Taxes | 450/3 | €31,148 | €21,905 | -€9,242 | -29.7% |
| Remuneration and social security | 454/9 | €11,191 | €11,677 | +€486 | +4.3% |
| Other amounts payable | 47/48 | €135,064 | €19,658 | -€115,407 | -85.4% |
| Accrued charges and deferred income | 492/3 | €96 | €105 | +€9 | +9.4% |
| Remuneration, social security and pensions | 62 | €66,917 | €76,937 | +€10,020 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667 | €7,909 | +€1,243 | +18.6% |
| Other operating charges | 640/8 | €11,153 | €4,951 | -€6,201 | -55.6% |
| Gross operating margin | 9900 | €106,855 | €120,912 | +€14,056 | +13.2% |
| Operating profit (loss) | 9901 | €22,119 | €31,114 | +€8,995 | +40.7% |
| Financial income | 75/76B | €1,535 | €1,988 | +€453 | +29.5% |
| Recurring financial income | 75 | €1,535 | €1,988 | +€453 | +29.5% |
| Financial charges | 65/66B | €12,949 | €12,211 | -€738 | -5.7% |
| Recurring financial charges | 65 | €12,949 | €12,211 | -€738 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €10,705 | €20,891 | +€10,186 | +95.2% |
| Income taxes | 67/77 | €5,960 | €9,330 | +€3,370 | +56.6% |
| Profit (loss) for the period | 9904 | €4,745 | €11,562 | +€6,816 | +143.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,745 | €11,562 | +€6,816 | +143.6% |
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 3 October 2026 via checked.be.