IMMO NICODAFNE: 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.
IMMO NICODAFNE
Largest movements
- Tangible fixed assets -€3,536
down €3,536 (-3.3%), from €107,389 to €103,853
of which Land and buildings: -€3,231
- Cash -€2,890
down €2,890 (-79.1%), from €3,656 to €766
mainly Net result for the year (-€9,370) and Trade debts (-€2,354)
- Stocks and contracts -€1,680
no longer reported in 2025 (was €1,680)
- Profit (loss) carried forward -€9,370
down €9,370 (-56.7%), from -€16,531 to -€25,901
- Other debts +€3,617
up €3,617 (+7.3%), from €49,437 to €53,054
- Trade debts -€2,354
down €2,354 (-66.0%), from €3,564 to €1,210
- Gross operating margin -€2,138
down €2,138, from €1,589 to -€549
- Financial charges +€1,731
up €1,731 (+57,707%), from €3 to €1,734
- Depreciation -€1,360
down €1,360 (-27.8%), from €4,896 to €3,536
- Financial income -€467
no longer reported in 2025 (was €467)
- Other operating charges +€107
up €107 (+3.1%), from €3,444 to €3,550
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 | €120,771 | €112,665 | -€8,107 | -6.7% |
| Fixed assets | 21/28 | €107,389 | €103,853 | -€3,536 | -3.3% |
| Tangible fixed assets | 22/27 | €107,389 | €103,853 | -€3,536 | -3.3% |
| Land and buildings | 22 | €106,214 | €102,984 | -€3,231 | -3.0% |
| Plant, machinery and equipment | 23 | €1,175 | €869 | -€305 | -26.0% |
| Current assets | 29/58 | €13,383 | €8,812 | -€4,571 | -34.2% |
| Stocks and contracts in progress | 3 | €1,680 | - | -€1,680 | |
| Stocks | 30/36 | €1,680 | - | -€1,680 | |
| Amounts receivable within one year | 40/41 | €8,046 | €8,046 | = | 0.0% |
| Other amounts receivable | 41 | €8,046 | €8,046 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,656 | €766 | -€2,890 | -79.1% |
| Total equity and liabilities | 10/49 | €120,771 | €112,665 | -€8,107 | -6.7% |
| Equity | 10/15 | €67,770 | €58,401 | -€9,370 | -13.8% |
| Contributions | 10/11 | €84,302 | €84,302 | = | 0.0% |
| Capital | 10 | €84,302 | €84,302 | = | 0.0% |
| Issued capital | 100 | €84,302 | €84,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,531 | -€25,901 | -€9,370 | -56.7% |
| Amounts payable | 17/49 | €53,001 | €54,264 | +€1,263 | +2.4% |
| Amounts payable within one year | 42/48 | €53,001 | €54,264 | +€1,263 | +2.4% |
| Trade debts | 44 | €3,564 | €1,210 | -€2,354 | -66.0% |
| Suppliers | 440/4 | €3,564 | €1,210 | -€2,354 | -66.0% |
| Other amounts payable | 47/48 | €49,437 | €53,054 | +€3,617 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,896 | €3,536 | -€1,360 | -27.8% |
| Other operating charges | 640/8 | €3,444 | €3,550 | +€107 | +3.1% |
| Gross operating margin | 9900 | €1,589 | -€549 | -€2,138 | |
| Operating profit (loss) | 9901 | -€6,751 | -€7,635 | -€885 | -13.1% |
| Financial income | 75/76B | €467 | - | -€467 | |
| Recurring financial income | 75 | €467 | - | -€467 | |
| Financial charges | 65/66B | €3 | €1,734 | +€1,731 | +57,707% |
| Recurring financial charges | 65 | €3 | €1,734 | +€1,731 | +57,707% |
| Profit (loss) for the period before taxes | 9903 | -€6,287 | -€9,370 | -€3,082 | -49.0% |
| Profit (loss) for the period | 9904 | -€6,287 | -€9,370 | -€3,082 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,287 | -€9,370 | -€3,082 | -49.0% |
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.