NIC CONSTRUCT: what changed
Two fiscal 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.
NIC CONSTRUCT
Largest movements
- Cash -€9,235
no longer reported in 2025 (was €9,235)
mainly Net result for the year (-€23,928) and Receivables within one year (-€4,847)
- Receivables within one year +€4,847
up €4,847 (+8.1%), from €59,516 to €64,362
of which Trade receivables: +€17,162
- Reserves -€23,928
down €23,928 (-49.2%), from €48,653 to €24,725
- Short-term financial debts +€18,686
new in 2025: €18,686
- Gross operating margin -€6,749
down €6,749 (-40.8%), from -€16,530 to -€23,279
- Financial income -€1,326
down €1,326 (-36.9%), from €3,596 to €2,270
- Other operating charges +€634
up €634 (+84.3%), from €752 to €1,386
- Depreciation -€249
down €249 (-57.0%), from €437 to €188
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,939 | €64,362 | -€4,577 | -6.6% |
| Fixed assets | 21/28 | €188 | - | -€188 | |
| Tangible fixed assets | 22/27 | €188 | - | -€188 | |
| Plant, machinery and equipment | 23 | €188 | - | -€188 | |
| Current assets | 29/58 | €68,751 | €64,362 | -€4,389 | -6.4% |
| Amounts receivable within one year | 40/41 | €59,516 | €64,362 | +€4,847 | +8.1% |
| Trade receivables | 40 | €10,330 | €27,492 | +€17,162 | +166.1% |
| Other amounts receivable | 41 | €49,185 | €36,870 | -€12,315 | -25.0% |
| Cash at bank and in hand | 54/58 | €9,235 | - | -€9,235 | |
| Total equity and liabilities | 10/49 | €68,939 | €64,362 | -€4,577 | -6.6% |
| Equity | 10/15 | €68,653 | €44,725 | -€23,928 | -34.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €48,653 | €24,725 | -€23,928 | -49.2% |
| Distributable reserves | 133 | €48,653 | €24,725 | -€23,928 | -49.2% |
| Amounts payable | 17/49 | €286 | €19,637 | +€19,351 | +6767.5% |
| Amounts payable within one year | 42/48 | €286 | €19,637 | +€19,351 | +6767.5% |
| Financial debts | 43 | - | €18,686 | +€18,686 | |
| Credit institutions | 430/8 | - | €18,686 | +€18,686 | |
| Trade debts | 44 | €286 | €951 | +€665 | +232.5% |
| Suppliers | 440/4 | €286 | €951 | +€665 | +232.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437 | €188 | -€249 | -57.0% |
| Other operating charges | 640/8 | €752 | €1,386 | +€634 | +84.3% |
| Gross operating margin | 9900 | -€16,530 | -€23,279 | -€6,749 | -40.8% |
| Operating profit (loss) | 9901 | -€17,719 | -€24,852 | -€7,133 | -40.3% |
| Financial income | 75/76B | €3,596 | €2,270 | -€1,326 | -36.9% |
| Recurring financial income | 75 | €3,596 | €2,270 | -€1,326 | -36.9% |
| Financial charges | 65/66B | €1,125 | €1,346 | +€221 | +19.7% |
| Recurring financial charges | 65 | €1,125 | €1,346 | +€221 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,248 | -€23,928 | -€8,680 | -56.9% |
| Profit (loss) for the period | 9904 | -€15,248 | -€23,928 | -€8,680 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,248 | -€23,928 | -€8,680 | -56.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.