NICAJ: 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.
NICAJ
Largest movements
- Tangible fixed assets -€8,298
down €8,298 (-32.5%), from €25,537 to €17,239
of which Other tangible fixed assets: -€7,674
- Stocks and contracts +€8,119
up €8,119 (+914.3%), from €888 to €9,007
- Cash +€6,487
up €6,487 (+122.1%), from €5,315 to €11,802
- Receivables within one year +€3,504
new in 2025: €3,504
of which Trade receivables: +€3,157
- Deferred charges and accrued income +€886
new in 2025: €886
- Tax, wage and social debts +€11,935
up €11,935 (+289.8%), from €4,119 to €16,054
of which Remuneration and social security: +€8,565
- Profit (loss) carried forward -€8,537
down €8,537, from €8,326 to -€211
- Trade debts +€7,850
up €7,850 (+206.5%), from €3,802 to €11,652
- Current portion of long-term debt -€2,843
down €2,843 (-100.0%), from €2,843 to €0
- Other debts +€2,294
up €2,294, from €0 to €2,294
- Turnover +€211,233
new in 2025: €211,233
- Purchases and services +€109,050
new in 2025: €109,050
- Staff costs +€95,176
up €95,176 (+10179.3%), from €935 to €96,111
- Gross operating margin +€92,301
up €92,301 (+902.4%), from €10,228 to €102,529
- Financial charges +€2,489
up €2,489 (+382.8%), from €650 to €3,139
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,690 | €48,389 | +€10,699 | +28.4% |
| Fixed assets | 21/28 | €31,487 | €23,189 | -€8,298 | -26.4% |
| Tangible fixed assets | 22/27 | €25,537 | €17,239 | -€8,298 | -32.5% |
| Plant, machinery and equipment | 23 | - | €1,589 | +€1,589 | |
| Furniture and vehicles | 24 | €2,586 | €373 | -€2,213 | -85.6% |
| Other tangible fixed assets | 26 | €22,951 | €15,277 | -€7,674 | -33.4% |
| Financial fixed assets | 28 | €5,950 | €5,950 | = | 0.0% |
| Current assets | 29/58 | €6,203 | €25,200 | +€18,997 | +306.3% |
| Stocks and contracts in progress | 3 | €888 | €9,007 | +€8,119 | +914.3% |
| Stocks | 30/36 | €888 | €9,007 | +€8,119 | +914.3% |
| Amounts receivable within one year | 40/41 | - | €3,504 | +€3,504 | |
| Trade receivables | 40 | - | €3,157 | +€3,157 | |
| Other amounts receivable | 41 | - | €347 | +€347 | |
| Cash at bank and in hand | 54/58 | €5,315 | €11,802 | +€6,487 | +122.1% |
| Deferred charges and accrued income | 490/1 | - | €886 | +€886 | |
| Total equity and liabilities | 10/49 | €37,690 | €48,389 | +€10,699 | +28.4% |
| Equity | 10/15 | €26,926 | €18,389 | -€8,537 | -31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,326 | -€211 | -€8,537 | |
| Amounts payable | 17/49 | €10,764 | €30,000 | +€19,236 | +178.7% |
| Amounts payable within one year | 42/48 | €10,764 | €30,000 | +€19,236 | +178.7% |
| Current portion of amounts payable after more than one year | 42 | €2,843 | €0 | -€2,843 | -100.0% |
| Trade debts | 44 | €3,802 | €11,652 | +€7,850 | +206.5% |
| Suppliers | 440/4 | €3,802 | €11,652 | +€7,850 | +206.5% |
| Taxes, remuneration and social security | 45 | €4,119 | €16,054 | +€11,935 | +289.8% |
| Taxes | 450/3 | €4,119 | €7,489 | +€3,370 | +81.8% |
| Remuneration and social security | 454/9 | €0 | €8,565 | +€8,565 | |
| Other amounts payable | 47/48 | €0 | €2,294 | +€2,294 | |
| Turnover | 70 | - | €211,233 | +€211,233 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €109,050 | +€109,050 | |
| Remuneration, social security and pensions | 62 | €935 | €96,111 | +€95,176 | +10179.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,413 | €10,338 | +€925 | +9.8% |
| Other operating charges | 640/8 | €814 | €1,569 | +€755 | +92.8% |
| Gross operating margin | 9900 | €10,228 | €102,529 | +€92,301 | +902.4% |
| Operating profit (loss) | 9901 | -€934 | -€5,490 | -€4,556 | -487.8% |
| Financial income | 75/76B | €3 | €20 | +€17 | +581.7% |
| Recurring financial income | 75 | €3 | €20 | +€17 | +581.7% |
| Financial charges | 65/66B | €650 | €3,139 | +€2,489 | +382.8% |
| Recurring financial charges | 65 | €650 | €3,139 | +€2,489 | +382.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,581 | -€8,608 | -€7,027 | -444.4% |
| Income taxes | 67/77 | -€92 | -€70 | +€22 | +23.5% |
| Profit (loss) for the period | 9904 | -€1,489 | -€8,537 | -€7,048 | -473.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,489 | -€8,537 | -€7,048 | -473.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.