C'Nickel: 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.
C'Nickel
Largest movements
- Cash -€4,313
down €4,313 (-87.7%), from €4,916 to €603
mainly Tax, wage and social debts (-€9,437) and Trade debts (-€7,600)
- Receivables within one year -€2,957
down €2,957 (-16.0%), from €18,493 to €15,536
of which Other amounts receivable: -€4,107
- Formation expenses -€242
down €242 (-100%), from €242 to €0
- Profit (loss) carried forward +€10,293
up €10,293 (+45.1%), from -€22,817 to -€12,524
- Tax, wage and social debts -€9,437
down €9,437 (-29.1%), from €32,414 to €22,977
- Trade debts -€7,600
down €7,600 (-61.9%), from €12,287 to €4,687
- Accrued charges and deferred income -€767
no longer reported in 2025 (was €767)
- Taxes -€27,763
down €27,763 (-96.8%), from €28,695 to €932
- Financial charges -€10,833
down €10,833 (-97.1%), from €11,154 to €321
of which Non-recurring financial charges: -€11,025
- Gross operating margin +€7,314
up €7,314 (+152%), from €4,824 to €12,138
- Turnover +€4,844
up €4,844 (+15.1%), from €32,117 to €36,961
- Purchases and services -€2,471
down €2,471 (-9.1%), from €27,293 to €24,822
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 | €23,651 | €16,140 | -€7,511 | -31.8% |
| Formation expenses | 20 | €242 | €0 | -€242 | -100% |
| Current assets | 29/58 | €23,409 | €16,140 | -€7,269 | -31.1% |
| Amounts receivable within one year | 40/41 | €18,493 | €15,536 | -€2,957 | -16.0% |
| Trade receivables | 40 | €2,200 | €3,350 | +€1,150 | +52.3% |
| Other amounts receivable | 41 | €16,293 | €12,186 | -€4,107 | -25.2% |
| Cash at bank and in hand | 54/58 | €4,916 | €603 | -€4,313 | -87.7% |
| Total equity and liabilities | 10/49 | €23,651 | €16,140 | -€7,511 | -31.8% |
| Equity | 10/15 | -€21,817 | -€11,524 | +€10,293 | +47.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | -€22,817 | -€12,524 | +€10,293 | +45.1% |
| Amounts payable | 17/49 | €45,468 | €27,664 | -€17,804 | -39.2% |
| Amounts payable within one year | 42/48 | €44,701 | €27,664 | -€17,037 | -38.1% |
| Trade debts | 44 | €12,287 | €4,687 | -€7,600 | -61.9% |
| Suppliers | 440/4 | €12,287 | €4,687 | -€7,600 | -61.9% |
| Taxes, remuneration and social security | 45 | €32,414 | €22,977 | -€9,437 | -29.1% |
| Taxes | 450/3 | €32,414 | €22,977 | -€9,437 | -29.1% |
| Accrued charges and deferred income | 492/3 | €767 | - | -€767 | |
| Turnover | 70 | €32,117 | €36,961 | +€4,844 | +15.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,293 | €24,822 | -€2,471 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €242 | +€242 | |
| Other operating charges | 640/8 | - | €350 | +€350 | |
| Gross operating margin | 9900 | €4,824 | €12,138 | +€7,314 | +152% |
| Operating profit (loss) | 9901 | €4,824 | €11,546 | +€6,722 | +139% |
| Financial income | 75/76B | €675 | - | -€675 | |
| Recurring financial income | 75 | €675 | - | -€675 | |
| Financial charges | 65/66B | €11,154 | €321 | -€10,833 | -97.1% |
| Recurring financial charges | 65 | €129 | €321 | +€192 | +149% |
| Non-recurring financial charges | 66B | €11,025 | - | -€11,025 | |
| Profit (loss) for the period before taxes | 9903 | -€5,655 | €11,225 | +€16,880 | |
| Income taxes | 67/77 | €28,695 | €932 | -€27,763 | -96.8% |
| Profit (loss) for the period | 9904 | -€34,350 | €10,293 | +€44,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,350 | €10,293 | +€44,643 |
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 19 October 2026 via checked.be.