NICARVI: 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.
NICARVI
Largest movements
- Intangible fixed assets -€16,000
down €16,000 (-37.7%), from €42,433 to €26,433
- Stocks and contracts +€3,737
up €3,737 (+38.8%), from €9,621 to €13,359
- Tangible fixed assets -€2,060
down €2,060 (-15.8%), from €13,077 to €11,017
of which Other tangible fixed assets: -€1,377
- Profit (loss) carried forward -€18,446
down €18,446 (-17.0%), from -€108,202 to -€126,648
- Trade debts -€5,606
down €5,606 (-23.0%), from €24,348 to €18,742
- Tax, wage and social debts +€5,172
up €5,172 (+13.3%), from €39,001 to €44,173
- Other debts +€4,568
up €4,568 (+4.8%), from €95,155 to €99,723
- Staff costs -€26,642
no longer reported in 2024 (was €26,642)
- Gross operating margin -€1,268
down €1,268 (-25.4%), from €4,996 to €3,728
- Other operating charges -€993
down €993 (-65.8%), from €1,508 to €515
- Financial charges -€652
down €652 (-15.3%), from €4,251 to €3,599
- Taxes -€403
no longer reported in 2024 (was €403)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,176 | €55,049 | -€14,128 | -20.4% |
| Fixed assets | 21/28 | €59,555 | €41,495 | -€18,060 | -30.3% |
| Intangible fixed assets | 21 | €42,433 | €26,433 | -€16,000 | -37.7% |
| Tangible fixed assets | 22/27 | €13,077 | €11,017 | -€2,060 | -15.8% |
| Plant, machinery and equipment | 23 | €130 | - | -€130 | |
| Furniture and vehicles | 24 | €552 | - | -€552 | |
| Other tangible fixed assets | 26 | €12,394 | €11,017 | -€1,377 | -11.1% |
| Financial fixed assets | 28 | €4,045 | €4,045 | = | 0.0% |
| Current assets | 29/58 | €9,621 | €13,554 | +€3,932 | +40.9% |
| Stocks and contracts in progress | 3 | €9,621 | €13,359 | +€3,737 | +38.8% |
| Stocks | 30/36 | €9,621 | €13,359 | +€3,737 | +38.8% |
| Cash at bank and in hand | 54/58 | - | €68 | +€68 | |
| Deferred charges and accrued income | 490/1 | - | €128 | +€128 | |
| Total equity and liabilities | 10/49 | €69,176 | €55,049 | -€14,128 | -20.4% |
| Equity | 10/15 | -€103,202 | -€121,648 | -€18,446 | -17.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,202 | -€126,648 | -€18,446 | -17.0% |
| Amounts payable | 17/49 | €172,378 | €176,697 | +€4,319 | +2.5% |
| Amounts payable within one year | 42/48 | €172,378 | €176,697 | +€4,319 | +2.5% |
| Financial debts | 43 | €13,875 | €14,059 | +€184 | +1.3% |
| Credit institutions | 430/8 | €13,875 | €14,059 | +€184 | +1.3% |
| Trade debts | 44 | €24,348 | €18,742 | -€5,606 | -23.0% |
| Suppliers | 440/4 | €24,348 | €18,742 | -€5,606 | -23.0% |
| Taxes, remuneration and social security | 45 | €39,001 | €44,173 | +€5,172 | +13.3% |
| Taxes | 450/3 | €39,001 | €44,173 | +€5,172 | +13.3% |
| Other amounts payable | 47/48 | €95,155 | €99,723 | +€4,568 | +4.8% |
| Remuneration, social security and pensions | 62 | €26,642 | - | -€26,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,888 | €18,060 | +€172 | +1.0% |
| Other operating charges | 640/8 | €1,508 | €515 | -€993 | -65.8% |
| Gross operating margin | 9900 | €4,996 | €3,728 | -€1,268 | -25.4% |
| Operating profit (loss) | 9901 | -€41,041 | -€14,847 | +€26,194 | +63.8% |
| Financial charges | 65/66B | €4,251 | €3,599 | -€652 | -15.3% |
| Recurring financial charges | 65 | €4,251 | €3,599 | -€652 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€45,292 | -€18,446 | +€26,846 | +59.3% |
| Income taxes | 67/77 | €403 | - | -€403 | |
| Profit (loss) for the period | 9904 | -€45,695 | -€18,446 | +€27,248 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,695 | -€18,446 | +€27,248 | +59.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.