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
- Receivables within one year +€19,653
up €19,653 (+1,459%), from €1,347 to €21,000
- Debts after one year -€121,573
down €121,573 (-49.7%), from €244,444 to €122,871
of which Financial debts: -€81,573
- Other debts +€66,671
up €66,671 (+189%), from €35,294 to €101,965
- Reserves +€50,538
up €50,538 (+18.7%), from €270,866 to €321,404
- Tax, wage and social debts +€13,473
up €13,473 (+312%), from €4,316 to €17,789
- Gross operating margin +€19,390
up €19,390 (+28.6%), from €67,811 to €87,201
- Taxes +€13,881
up €13,881 (+132%), from €10,502 to €24,384
- Financial charges -€1,134
down €1,134 (-21.4%), from €5,300 to €4,166
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 | €668,378 | €678,124 | +€9,745 | +1.5% |
| Fixed assets | 21/28 | €652,279 | €648,244 | -€4,035 | -0.6% |
| Tangible fixed assets | 22/27 | €102,279 | €98,244 | -€4,035 | -3.9% |
| Land and buildings | 22 | €102,279 | €98,244 | -€4,035 | -3.9% |
| Financial fixed assets | 28 | €550,000 | €550,000 | = | 0.0% |
| Current assets | 29/58 | €16,100 | €29,879 | +€13,780 | +85.6% |
| Amounts receivable within one year | 40/41 | €1,347 | €21,000 | +€19,653 | +1,459% |
| Trade receivables | 40 | €1,347 | €21,000 | +€19,653 | +1,459% |
| Cash at bank and in hand | 54/58 | €14,753 | €8,879 | -€5,873 | -39.8% |
| Total equity and liabilities | 10/49 | €668,378 | €678,124 | +€9,745 | +1.5% |
| Equity | 10/15 | €300,866 | €351,404 | +€50,538 | +16.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €270,866 | €321,404 | +€50,538 | +18.7% |
| Distributable reserves | 133 | €270,866 | €321,404 | +€50,538 | +18.7% |
| Amounts payable | 17/49 | €367,513 | €326,720 | -€40,792 | -11.1% |
| Amounts payable after more than one year | 17 | €244,444 | €122,871 | -€121,573 | -49.7% |
| Financial debts | 170/4 | €204,444 | €122,871 | -€81,573 | -39.9% |
| Trade debts | 175 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €123,069 | €203,849 | +€80,780 | +65.6% |
| Current portion of amounts payable after more than one year | 42 | €80,258 | €81,573 | +€1,315 | +1.6% |
| Trade debts | 44 | €3,200 | €2,522 | -€678 | -21.2% |
| Suppliers | 440/4 | €3,200 | €2,522 | -€678 | -21.2% |
| Taxes, remuneration and social security | 45 | €4,316 | €17,789 | +€13,473 | +312% |
| Taxes | 450/3 | €4,316 | €17,789 | +€13,473 | +312% |
| Other amounts payable | 47/48 | €35,294 | €101,965 | +€66,671 | +189% |
| Remuneration, social security and pensions | 62 | €1,824 | €1,824 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,810 | €4,035 | +€225 | +5.9% |
| Other operating charges | 640/8 | €567 | €590 | +€22 | +3.9% |
| Gross operating margin | 9900 | €67,811 | €87,201 | +€19,390 | +28.6% |
| Operating profit (loss) | 9901 | €61,610 | €80,753 | +€19,143 | +31.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,300 | €4,166 | -€1,134 | -21.4% |
| Recurring financial charges | 65 | €5,300 | €4,166 | -€1,134 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €56,311 | €76,587 | +€20,277 | +36.0% |
| Income taxes | 67/77 | €10,502 | €24,384 | +€13,881 | +132% |
| Profit (loss) for the period | 9904 | €45,808 | €52,204 | +€6,395 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,808 | €52,204 | +€6,395 | +14.0% |
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 26 October 2026 via checked.be.