NESICOM: 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
NESICOM
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€794,986
2024 · €1.4m-€555,090
Equity
€20.1m
2024 · €19.3m+€794,986
Cash
€21,472
2024 · €275,569-€254,096
Balance sheet total
€20.4m
2024 · €19.6m+€822,756
Largest movements
Assets
- Financial fixed assets +€1.4m
up €1.4m (+45.0%), from €3.0m to €4.4m
of which Affiliated companies: +€1.4m
- Receivables within one year -€609,669
down €609,669 (-15.5%), from €3.9m to €3.3m
- Current investments +€561,082
up €561,082 (+7.8%), from €7.2m to €7.8m
- Cash -€254,096
down €254,096 (-92.2%), from €275,569 to €21,472
mainly Investment in fixed assets (net) (-€1.4m) and Current investments (-€561,082)
- Tangible fixed assets -€233,768
down €233,768 (-4.6%), from €5.1m to €4.9m
of which Land and buildings: -€211,903
Equity and liabilities
- Reserves +€794,986
up €794,986 (+4.3%), from €18.4m to €19.2m
of which Distributable reserves: +€813,454
Income statement
- Financial income -€662,347
down €662,347 (-37.3%), from €1.8m to €1.1m
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
€1.4m
Other operating charges
-€1,287
Other operating items
+€12,312
Financial income
-€662,347
Financial charges
+€94,990
Taxes
+€1,243
Result 2025
€794,986
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.
From operations
+€1.7m
Investment
-€1.9m
Financing
€0
Cash 2024
€275,569
From operations (derived)
+€1.7m
Net result for the year
+€794,986
Depreciation
+€233,768
Receivables within one year
+€609,669
Smaller working-capital items
-€3,205
Provisions
-€7,757
Trade debts
+€4,107
Tax, wage and social debts
+€32,533
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.4m
Current investments
-€561,082
Cash 2025
€21,472
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,572,961 | €20,395,718 | +€822,756 | +4.2% |
| Fixed assets | 21/28 | €8,139,948 | €9,263,295 | +€1.1m | +13.8% |
| Tangible fixed assets | 22/27 | €5,125,825 | €4,892,057 | -€233,768 | -4.6% |
| Land and buildings | 22 | €5,003,809 | €4,791,906 | -€211,903 | -4.2% |
| Plant, machinery and equipment | 23 | €30,320 | €26,086 | -€4,234 | -14.0% |
| Furniture and vehicles | 24 | €91,697 | €74,065 | -€17,631 | -19.2% |
| Financial fixed assets | 28 | €3,014,123 | €4,371,238 | +€1.4m | +45.0% |
| Affiliated companies | 280/1 | €3,014,056 | €4,371,171 | +€1.4m | +45.0% |
| Participating interests | 280 | €3,014,056 | €4,371,171 | +€1.4m | +45.0% |
| Other financial fixed assets | 284/8 | €67 | €67 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €11,433,013 | €11,132,423 | -€300,590 | -2.6% |
| Amounts receivable within one year | 40/41 | €3,945,823 | €3,336,154 | -€609,669 | -15.5% |
| Other amounts receivable | 41 | €3,945,823 | €3,336,154 | -€609,669 | -15.5% |
| Current investments | 50/53 | €7,211,067 | €7,772,149 | +€561,082 | +7.8% |
| Other investments | 51/53 | €7,211,067 | €7,772,149 | +€561,082 | +7.8% |
| Cash at bank and in hand | 54/58 | €275,569 | €21,472 | -€254,096 | -92.2% |
| Deferred charges and accrued income | 490/1 | €555 | €2,648 | +€2,093 | +377.4% |
| Total equity and liabilities | 10/49 | €19,572,961 | €20,395,718 | +€822,756 | +4.2% |
| Equity | 10/15 | €19,259,191 | €20,054,177 | +€794,986 | +4.1% |
| Contributions | 10/11 | €839,000 | €839,000 | = | 0.0% |
| Capital | 10 | €839,000 | €839,000 | = | 0.0% |
| Issued capital | 100 | €839,000 | €839,000 | = | 0.0% |
| Reserves | 13 | €18,420,191 | €19,215,177 | +€794,986 | +4.3% |
| Non-distributable reserves | 130/1 | €388,374 | €388,374 | = | 0.0% |
| Legal reserve | 130 | €388,374 | €388,374 | = | 0.0% |
| Tax-exempt reserves | 132 | €313,954 | €295,487 | -€18,468 | -5.9% |
| Distributable reserves | 133 | €17,717,863 | €18,531,316 | +€813,454 | +4.6% |
| Provisions and deferred taxes | 16 | €131,877 | €124,119 | -€7,757 | -5.9% |
| Deferred taxes | 168 | €131,877 | €124,119 | -€7,757 | -5.9% |
| Amounts payable | 17/49 | €181,893 | €217,422 | +€35,528 | +19.5% |
| Amounts payable within one year | 42/48 | €180,365 | €214,329 | +€33,964 | +18.8% |
| Trade debts | 44 | €21,000 | €25,107 | +€4,107 | +19.6% |
| Suppliers | 440/4 | €21,000 | €25,107 | +€4,107 | +19.6% |
| Taxes, remuneration and social security | 45 | - | €32,533 | +€32,533 | |
| Taxes | 450/3 | - | €32,533 | +€32,533 | |
| Other amounts payable | 47/48 | €159,365 | €156,689 | -€2,676 | -1.7% |
| Accrued charges and deferred income | 492/3 | €1,529 | €3,093 | +€1,564 | +102.3% |
| Operating income | 70/76A | €53,035 | €54,754 | +€1,720 | +3.2% |
| Other operating income | 74 | €53,035 | €54,754 | +€1,720 | +3.2% |
| Operating charges | 60/66A | €322,559 | €313,254 | -€9,305 | -2.9% |
| Services and other goods | 61 | €80,825 | €73,233 | -€7,592 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,768 | €233,768 | = | 0.0% |
| Other operating charges | 640/8 | €4,965 | €6,252 | +€1,287 | +25.9% |
| Non-recurring operating charges | 66A | €3,000 | - | -€3,000 | |
| Operating profit (loss) | 9901 | -€269,524 | -€258,500 | +€11,024 | +4.1% |
| Financial income | 75/76B | €1,774,314 | €1,111,967 | -€662,347 | -37.3% |
| Recurring financial income | 75 | €1,774,314 | €1,111,967 | -€662,347 | -37.3% |
| Income from financial fixed assets | 750 | - | €450,000 | +€450,000 | |
| Income from current assets | 751 | €614,121 | €97,140 | -€516,981 | -84.2% |
| Other financial income | 752/9 | €1,160,192 | €564,826 | -€595,366 | -51.3% |
| Financial charges | 65/66B | €100,630 | €5,639 | -€94,990 | -94.4% |
| Recurring financial charges | 65 | €100,630 | €5,639 | -€94,990 | -94.4% |
| Debt charges | 650 | €68,730 | €5,436 | -€63,294 | -92.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€147,025 | - | +€147,025 | |
| Other financial charges | 652/9 | €178,924 | €203 | -€178,721 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €1,404,160 | €847,828 | -€556,333 | -39.6% |
| Transfer from deferred taxes | 780 | €7,757 | €7,757 | = | 0.0% |
| Income taxes | 67/77 | €61,842 | €60,599 | -€1,243 | -2.0% |
| Taxes | 670/3 | €61,842 | €60,599 | -€1,243 | -2.0% |
| Profit (loss) for the period | 9904 | €1,350,076 | €794,986 | -€555,090 | -41.1% |
| Transfer from tax-exempt reserves | 789 | €18,468 | €18,468 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,368,544 | €813,454 | -€555,090 | -40.6% |
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 12 October 2026 via checked.be.