Nica: 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.
Nica
Largest movements
- Tangible fixed assets -€51,524
down €51,524 (-6.1%), from €851,360 to €799,836
of which Land and buildings: -€46,861
- Reserves -€42,394
down €42,394 (-5.9%), from €717,927 to €675,533
of which Tax-exempt reserves: -€28,394
- Financial income -€541
down €541 (-41.4%), from €1,306 to €765
- Gross operating margin -€393
down €393 (-13.9%), from €2,823 to €2,430
- Purchases and services +€393
up €393 (+6.3%), from €6,267 to €6,660
- Taxes -€392
no longer reported in 2025 (was €392)
- Depreciation -€216
down €216 (-0.4%), from €51,740 to €51,524
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 | €994,283 | €943,580 | -€50,703 | -5.1% |
| Fixed assets | 21/28 | €851,360 | €799,836 | -€51,524 | -6.1% |
| Tangible fixed assets | 22/27 | €851,360 | €799,836 | -€51,524 | -6.1% |
| Land and buildings | 22 | €829,221 | €782,360 | -€46,861 | -5.7% |
| Plant, machinery and equipment | 23 | €22,139 | €17,476 | -€4,664 | -21.1% |
| Current assets | 29/58 | €142,923 | €143,744 | +€821 | +0.6% |
| Amounts receivable within one year | 40/41 | - | €229 | +€229 | |
| Other amounts receivable | 41 | - | €229 | +€229 | |
| Current investments | 50/53 | €125,915 | €126,450 | +€535 | +0.4% |
| Cash at bank and in hand | 54/58 | €12,464 | €17,064 | +€4,600 | +36.9% |
| Deferred charges and accrued income | 490/1 | €4,544 | - | -€4,544 | |
| Total equity and liabilities | 10/49 | €994,283 | €943,580 | -€50,703 | -5.1% |
| Equity | 10/15 | €780,102 | €738,147 | -€41,955 | -5.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €717,927 | €675,533 | -€42,394 | -5.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €473,230 | €444,836 | -€28,394 | -6.0% |
| Distributable reserves | 133 | €238,500 | €224,500 | -€14,000 | -5.9% |
| Profit (loss) carried forward | 14 | €201 | €640 | +€438 | +218% |
| Provisions and deferred taxes | 16 | €157,743 | €148,279 | -€9,465 | -6.0% |
| Deferred taxes | 168 | €157,743 | €148,279 | -€9,465 | -6.0% |
| Amounts payable | 17/49 | €56,438 | €57,155 | +€717 | +1.3% |
| Amounts payable within one year | 42/48 | €56,438 | €57,155 | +€717 | +1.3% |
| Trade debts | 44 | €363 | €1,080 | +€717 | +197% |
| Suppliers | 440/4 | €363 | €1,080 | +€717 | +197% |
| Other amounts payable | 47/48 | €56,075 | €56,075 | = | 0.0% |
| Turnover | 70 | €9,090 | €9,090 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,267 | €6,660 | +€393 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,740 | €51,524 | -€216 | -0.4% |
| Other operating charges | 640/8 | €3,198 | €3,046 | -€153 | -4.8% |
| Gross operating margin | 9900 | €2,823 | €2,430 | -€393 | -13.9% |
| Operating profit (loss) | 9901 | -€52,115 | -€52,140 | -€25 | 0.0% |
| Financial income | 75/76B | €1,306 | €765 | -€541 | -41.4% |
| Recurring financial income | 75 | €1,306 | €765 | -€541 | -41.4% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€50,854 | -€51,420 | -€566 | -1.1% |
| Transfer from deferred taxes | 780 | €10,069 | €9,465 | -€604 | -6.0% |
| Income taxes | 67/77 | €392 | - | -€392 | |
| Profit (loss) for the period | 9904 | -€41,177 | -€41,955 | -€779 | -1.9% |
| Transfer from tax-exempt reserves | 789 | €30,206 | €28,394 | -€1,812 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,971 | -€13,562 | -€2,591 | -23.6% |
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 15 October 2026 via checked.be.