CHEZ NICOLE: 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.
CHEZ NICOLE
Largest movements
- Tangible fixed assets -€26,904
down €26,904 (-21.4%), from €125,686 to €98,782
- Stocks and contracts +€7,944
up €7,944 (+28.2%), from €28,127 to €36,070
- Receivables within one year -€2,747
down €2,747 (-21.5%), from €12,749 to €10,002
of which Trade receivables: -€1,425
- Other debts +€42,672
up €42,672 (+69.9%), from €61,054 to €103,726
- Trade debts -€24,343
down €24,343 (-21.1%), from €115,115 to €90,772
- Debts after one year -€17,749
down €17,749 (-18.5%), from €96,098 to €78,348
- Profit (loss) carried forward -€15,111
down €15,111 (-10.0%), from -€151,410 to -€166,520
- Tax, wage and social debts -€8,503
down €8,503 (-48.5%), from €17,533 to €9,030
of which Remuneration and social security: -€7,751
- Gross operating margin +€40,713
up €40,713 (+93.8%), from €43,387 to €84,100
- Depreciation +€8,500
up €8,500 (+46.2%), from €18,404 to €26,904
- Other operating charges +€1,493
up €1,493 (+288%), from €518 to €2,011
- Financial charges -€1,470
down €1,470 (-37.5%), from €3,923 to €2,453
- Staff costs +€1,094
up €1,094 (+1.6%), from €66,755 to €67,848
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 | €176,836 | €153,929 | -€22,907 | -13.0% |
| Fixed assets | 21/28 | €125,686 | €98,782 | -€26,904 | -21.4% |
| Tangible fixed assets | 22/27 | €125,686 | €98,782 | -€26,904 | -21.4% |
| Land and buildings | 22 | €70,253 | €60,350 | -€9,903 | -14.1% |
| Plant, machinery and equipment | 23 | €17,731 | €14,142 | -€3,589 | -20.2% |
| Furniture and vehicles | 24 | €37,702 | €24,290 | -€13,412 | -35.6% |
| Current assets | 29/58 | €51,150 | €55,147 | +€3,997 | +7.8% |
| Stocks and contracts in progress | 3 | €28,127 | €36,070 | +€7,944 | +28.2% |
| Stocks | 30/36 | €28,127 | €36,070 | +€7,944 | +28.2% |
| Amounts receivable within one year | 40/41 | €12,749 | €10,002 | -€2,747 | -21.5% |
| Trade receivables | 40 | €2,135 | €710 | -€1,425 | -66.8% |
| Other amounts receivable | 41 | €10,614 | €9,292 | -€1,322 | -12.5% |
| Cash at bank and in hand | 54/58 | €10,274 | €9,075 | -€1,200 | -11.7% |
| Total equity and liabilities | 10/49 | €176,836 | €153,929 | -€22,907 | -13.0% |
| Equity | 10/15 | -€132,810 | -€147,920 | -€15,111 | -11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,410 | -€166,520 | -€15,111 | -10.0% |
| Amounts payable | 17/49 | €309,646 | €301,850 | -€7,796 | -2.5% |
| Amounts payable after more than one year | 17 | €96,098 | €78,348 | -€17,749 | -18.5% |
| Financial debts | 170/4 | €96,098 | €78,348 | -€17,749 | -18.5% |
| Amounts payable within one year | 42/48 | €211,188 | €221,278 | +€10,090 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €17,486 | €17,749 | +€264 | +1.5% |
| Trade debts | 44 | €115,115 | €90,772 | -€24,343 | -21.1% |
| Suppliers | 440/4 | €115,115 | €90,772 | -€24,343 | -21.1% |
| Taxes, remuneration and social security | 45 | €17,533 | €9,030 | -€8,503 | -48.5% |
| Taxes | 450/3 | €2,396 | €1,644 | -€752 | -31.4% |
| Remuneration and social security | 454/9 | €15,138 | €7,386 | -€7,751 | -51.2% |
| Other amounts payable | 47/48 | €61,054 | €103,726 | +€42,672 | +69.9% |
| Accrued charges and deferred income | 492/3 | €2,360 | €2,224 | -€137 | -5.8% |
| Remuneration, social security and pensions | 62 | €66,755 | €67,848 | +€1,094 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,404 | €26,904 | +€8,500 | +46.2% |
| Other operating charges | 640/8 | €518 | €2,011 | +€1,493 | +288% |
| Gross operating margin | 9900 | €43,387 | €84,100 | +€40,713 | +93.8% |
| Operating profit (loss) | 9901 | -€42,290 | -€12,663 | +€29,627 | +70.1% |
| Financial income | 75/76B | €5 | €6 | +€1 | +21.5% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +21.5% |
| Financial charges | 65/66B | €3,923 | €2,453 | -€1,470 | -37.5% |
| Recurring financial charges | 65 | €3,923 | €2,453 | -€1,470 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€46,208 | -€15,111 | +€31,097 | +67.3% |
| Profit (loss) for the period | 9904 | -€46,208 | -€15,111 | +€31,097 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,208 | -€15,111 | +€31,097 | +67.3% |
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 30 October 2026 via checked.be.