DE MIL NICO: 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.
What changed
DE MIL NICO
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€94,634
2024 · €334,900-€240,266
Equity
€1.9m
2024 · €1.8m+€94,634
Cash
€254,567
2024 · €282,663-€28,095
Balance sheet total
€12.7m
2024 · €10.9m+€1.8m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+16.5%), from €7.4m to €8.7m
of which Land and buildings: +€1.2m
- Receivables within one year +€530,954
up €530,954 (+16.7%), from €3.2m to €3.7m
of which Trade receivables: +€765,728
Equity and liabilities
- Debts after one year +€787,821
up €787,821 (+17.5%), from €4.5m to €5.3m
of which Financial debts: +€784,971
- Other debts +€685,415
up €685,415 (+16.0%), from €4.3m to €5.0m
- Current portion of long-term debt +€178,547
up €178,547 (+61.9%), from €288,516 to €467,063
- Reserves +€130,000
up €130,000 (+7.3%), from €1.8m to €1.9m
of which Distributable reserves: +€130,000
Income statement
- Turnover -€1.0m
down €1.0m (-58.1%), from €1.8m to €740,470
- Depreciation +€81,668
up €81,668 (+31.5%), from €259,166 to €340,833
- Taxes -€79,852
down €79,852 (-69.6%), from €114,689 to €34,837
- Other operating income +€74,656
up €74,656 (+31.6%), from €236,359 to €311,015
- Financial charges +€62,037
up €62,037 (+28.6%), from €216,580 to €278,617
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.
Result 2024
€334,900
Turnover
-€1.0m
Other operating income
+€74,656
Services and other goods
+€25,488
Depreciation
-€81,668
Other operating charges
-€10,739
Other operating items
+€761,214
Financial income
-€1,024
Financial charges
-€62,037
Taxes
+€79,852
Result 2025
€94,634
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€575,063
Investment
-€1.6m
Financing
+€966,368
Cash 2024
€282,663
From operations (derived)
+€575,063
Net result for the year
+€94,634
Depreciation
+€340,833
Receivables after one year
-€50,000
Receivables within one year
-€530,954
Smaller working-capital items
+€6,272
Trade debts
+€24,716
Other debts
+€685,415
Accrued charges and deferred income
+€4,146
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€966,368
Debts after one year
+€787,821
Current portion of long-term debt
+€178,547
Cash 2025
€254,567
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,947,606 | €12,726,001 | +€1.8m | +16.2% |
| Fixed assets | 21/28 | €7,445,979 | €8,674,672 | +€1.2m | +16.5% |
| Tangible fixed assets | 22/27 | €7,439,829 | €8,668,522 | +€1.2m | +16.5% |
| Land and buildings | 22 | €7,342,700 | €8,586,051 | +€1.2m | +16.9% |
| Plant, machinery and equipment | 23 | €17,422 | €19,495 | +€2,072 | +11.9% |
| Furniture and vehicles | 24 | €79,707 | €62,976 | -€16,731 | -21.0% |
| Financial fixed assets | 28 | €6,150 | €6,150 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,150 | €6,150 | = | 0.0% |
| Shares | 284 | €6,050 | €6,050 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €3,501,627 | €4,051,330 | +€549,703 | +15.7% |
| Amounts receivable after more than one year | 29 | €40,000 | €90,000 | +€50,000 | +125% |
| Other amounts receivable | 291 | €40,000 | €90,000 | +€50,000 | +125% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Property held for sale | 35 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,172,198 | €3,703,152 | +€530,954 | +16.7% |
| Trade receivables | 40 | €2,613,534 | €3,379,262 | +€765,728 | +29.3% |
| Other amounts receivable | 41 | €558,664 | €323,890 | -€234,774 | -42.0% |
| Cash at bank and in hand | 54/58 | €282,663 | €254,567 | -€28,095 | -9.9% |
| Deferred charges and accrued income | 490/1 | €6,766 | €3,610 | -€3,156 | -46.6% |
| Total equity and liabilities | 10/49 | €10,947,606 | €12,726,001 | +€1.8m | +16.2% |
| Equity | 10/15 | €1,825,639 | €1,920,273 | +€94,634 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,782,547 | €1,912,547 | +€130,000 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,780,687 | €1,910,687 | +€130,000 | +7.3% |
| Profit (loss) carried forward | 14 | €36,891 | €1,525 | -€35,366 | -95.9% |
| Amounts payable | 17/49 | €9,121,968 | €10,805,729 | +€1.7m | +18.5% |
| Amounts payable after more than one year | 17 | €4,494,466 | €5,282,287 | +€787,821 | +17.5% |
| Financial debts | 170/4 | €4,494,466 | €5,279,437 | +€784,971 | +17.5% |
| Credit institutions | 173 | €4,494,466 | €5,279,437 | +€784,971 | +17.5% |
| Other amounts payable | 178/9 | - | €2,850 | +€2,850 | |
| Amounts payable within one year | 42/48 | €4,595,514 | €5,487,307 | +€891,794 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €288,516 | €467,063 | +€178,547 | +61.9% |
| Trade debts | 44 | €12,881 | €37,597 | +€24,716 | +192% |
| Suppliers | 440/4 | €12,881 | €37,597 | +€24,716 | +192% |
| Taxes, remuneration and social security | 45 | €17,029 | €20,144 | +€3,115 | +18.3% |
| Taxes | 450/3 | €17,029 | €16,632 | -€397 | -2.3% |
| Remuneration and social security | 454/9 | - | €3,513 | +€3,513 | |
| Other amounts payable | 47/48 | €4,277,087 | €4,962,503 | +€685,415 | +16.0% |
| Accrued charges and deferred income | 492/3 | €31,988 | €36,134 | +€4,146 | +13.0% |
| Operating income | 70/76A | €1,241,622 | €1,051,485 | -€190,138 | -15.3% |
| Turnover | 70 | €1,766,478 | €740,470 | -€1.0m | -58.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€761,214 | €0 | +€761,214 | |
| Other operating income | 74 | €236,359 | €311,015 | +€74,656 | +31.6% |
| Operating charges | 60/66A | €602,158 | €669,076 | +€66,919 | +11.1% |
| Purchases | 600/8 | €244,198 | €0 | -€244,198 | -100% |
| Change in stocks: decrease (increase) | 609 | -€244,198 | €0 | +€244,198 | |
| Services and other goods | 61 | €303,000 | €277,512 | -€25,488 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,166 | €340,833 | +€81,668 | +31.5% |
| Other operating charges | 640/8 | €39,992 | €50,731 | +€10,739 | +26.9% |
| Operating profit (loss) | 9901 | €639,465 | €382,408 | -€257,057 | -40.2% |
| Financial income | 75/76B | €26,704 | €25,680 | -€1,024 | -3.8% |
| Recurring financial income | 75 | €26,704 | €25,680 | -€1,024 | -3.8% |
| Other financial income | 752/9 | €26,704 | €25,680 | -€1,024 | -3.8% |
| Financial charges | 65/66B | €216,580 | €278,617 | +€62,037 | +28.6% |
| Recurring financial charges | 65 | €216,580 | €278,617 | +€62,037 | +28.6% |
| Debt charges | 650 | €215,451 | €266,836 | +€51,385 | +23.8% |
| Other financial charges | 652/9 | €1,129 | €11,782 | +€10,653 | +944% |
| Profit (loss) for the period before taxes | 9903 | €449,589 | €129,471 | -€320,119 | -71.2% |
| Income taxes | 67/77 | €114,689 | €34,837 | -€79,852 | -69.6% |
| Taxes | 670/3 | €114,689 | €34,837 | -€79,852 | -69.6% |
| Profit (loss) for the period | 9904 | €334,900 | €94,634 | -€240,266 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €334,900 | €94,634 | -€240,266 | -71.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.