NICAS: 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.
NICAS
Largest movements
- Receivables within one year +€51,063
up €51,063 (+161.3%), from €31,664 to €82,727
of which Other amounts receivable: +€35,925
- Cash +€6,659
up €6,659 (+884.4%), from €753 to €7,412
mainly Net result for the year (+€62,601) and Tax, wage and social debts (+€28,330)
- Reserves +€30,801
up €30,801 (+6.7%), from €456,936 to €487,736
- Tax, wage and social debts +€28,330
up €28,330 (+449.7%), from €6,299 to €34,629
- Gross operating margin +€71,398
up €71,398 (+54077.2%), from €132 to €71,530
- Taxes +€20,419
up €20,419 (+499.3%), from €4,089 to €24,508
- Financial income +€2,147
up €2,147 (+12.7%), from €16,962 to €19,109
- Financial charges -€1,504
down €1,504 (-47.8%), from €3,149 to €1,645
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 | €529,986 | €586,538 | +€56,552 | +10.7% |
| Fixed assets | 21/28 | €5,224 | €4,611 | -€613 | -11.7% |
| Tangible fixed assets | 22/27 | €5,224 | €4,611 | -€613 | -11.7% |
| Other tangible fixed assets | 26 | €5,224 | €4,611 | -€613 | -11.7% |
| Current assets | 29/58 | €524,762 | €581,927 | +€57,165 | +10.9% |
| Amounts receivable after more than one year | 29 | €491,000 | €491,000 | = | 0.0% |
| Other amounts receivable | 291 | €491,000 | €491,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,664 | €82,727 | +€51,063 | +161.3% |
| Trade receivables | 40 | €8,683 | €23,821 | +€15,138 | +174.3% |
| Other amounts receivable | 41 | €22,981 | €58,906 | +€35,925 | +156.3% |
| Cash at bank and in hand | 54/58 | €753 | €7,412 | +€6,659 | +884.4% |
| Deferred charges and accrued income | 490/1 | €1,345 | €789 | -€557 | -41.4% |
| Total equity and liabilities | 10/49 | €529,986 | €586,538 | +€56,552 | +10.7% |
| Equity | 10/15 | €463,436 | €494,236 | +€30,801 | +6.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €456,936 | €487,736 | +€30,801 | +6.7% |
| Distributable reserves | 133 | €456,936 | €487,736 | +€30,801 | +6.7% |
| Amounts payable | 17/49 | €66,551 | €92,302 | +€25,751 | +38.7% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,796 | €51,548 | +€25,751 | +99.8% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €16,648 | €13,115 | -€3,533 | -21.2% |
| Suppliers | 440/4 | €16,648 | €13,115 | -€3,533 | -21.2% |
| Taxes, remuneration and social security | 45 | €6,299 | €34,629 | +€28,330 | +449.7% |
| Taxes | 450/3 | €6,299 | €34,629 | +€28,330 | +449.7% |
| Other amounts payable | 47/48 | €2,850 | €3,800 | +€950 | +33.4% |
| Accrued charges and deferred income | 492/3 | €5,754 | €5,754 | = | 0.0% |
| Non-recurring operating income | 76A | €17,440 | - | -€17,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €613 | €613 | = | 0.0% |
| Other operating charges | 640/8 | €1,165 | €1,272 | +€107 | +9.2% |
| Gross operating margin | 9900 | €132 | €71,530 | +€71,398 | +54077.2% |
| Operating profit (loss) | 9901 | -€1,646 | €69,645 | +€71,291 | |
| Financial income | 75/76B | €16,962 | €19,109 | +€2,147 | +12.7% |
| Recurring financial income | 75 | €16,962 | €19,109 | +€2,147 | +12.7% |
| Financial charges | 65/66B | €3,149 | €1,645 | -€1,504 | -47.8% |
| Recurring financial charges | 65 | €3,149 | €1,645 | -€1,504 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €12,167 | €87,109 | +€74,942 | +616.0% |
| Income taxes | 67/77 | €4,089 | €24,508 | +€20,419 | +499.3% |
| Profit (loss) for the period | 9904 | €8,077 | €62,601 | +€54,523 | +675.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,077 | €62,601 | +€54,523 | +675.0% |
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 9 October 2026 via checked.be.