Nicasio: 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.
Nicasio
Largest movements
- Receivables within one year +€46,798
up €46,798 (+275.3%), from €16,999 to €63,797
of which Trade receivables: +€33,454
- Cash -€22,547
down €22,547 (-35.3%), from €63,964 to €41,416
mainly Receivables within one year (-€46,798) and Other debts (-€14,849)
- Deferred charges and accrued income +€3,713
up €3,713 (+755.3%), from €492 to €4,205
- Profit (loss) carried forward +€27,678
up €27,678 (+54.2%), from €51,089 to €78,767
- Other debts -€14,849
no longer reported in 2025 (was €14,849)
- Tax, wage and social debts +€13,629
up €13,629 (+61.4%), from €22,208 to €35,837
- Trade debts +€2,269
up €2,269 (+215.3%), from €1,054 to €3,323
- Gross operating margin -€24,382
down €24,382 (-36.8%), from €66,201 to €41,820
- Taxes -€5,017
down €5,017 (-35.4%), from €14,154 to €9,136
- Depreciation +€4,742
up €4,742 (+1496.2%), from €317 to €5,059
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 | €90,700 | €119,426 | +€28,727 | +31.7% |
| Fixed assets | 21/28 | €9,246 | €10,008 | +€762 | +8.2% |
| Tangible fixed assets | 22/27 | €9,246 | €10,008 | +€762 | +8.2% |
| Plant, machinery and equipment | 23 | €9,246 | €6,058 | -€3,188 | -34.5% |
| Furniture and vehicles | 24 | - | €3,950 | +€3,950 | |
| Current assets | 29/58 | €81,454 | €109,418 | +€27,964 | +34.3% |
| Amounts receivable within one year | 40/41 | €16,999 | €63,797 | +€46,798 | +275.3% |
| Trade receivables | 40 | €16,999 | €50,452 | +€33,454 | +196.8% |
| Other amounts receivable | 41 | - | €13,345 | +€13,345 | |
| Cash at bank and in hand | 54/58 | €63,964 | €41,416 | -€22,547 | -35.3% |
| Deferred charges and accrued income | 490/1 | €492 | €4,205 | +€3,713 | +755.3% |
| Total equity and liabilities | 10/49 | €90,700 | €119,426 | +€28,727 | +31.7% |
| Equity | 10/15 | €52,589 | €80,267 | +€27,678 | +52.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,089 | €78,767 | +€27,678 | +54.2% |
| Amounts payable | 17/49 | €38,111 | €39,160 | +€1,049 | +2.8% |
| Amounts payable within one year | 42/48 | €38,111 | €39,160 | +€1,049 | +2.8% |
| Trade debts | 44 | €1,054 | €3,323 | +€2,269 | +215.3% |
| Suppliers | 440/4 | €1,054 | €3,323 | +€2,269 | +215.3% |
| Taxes, remuneration and social security | 45 | €22,208 | €35,837 | +€13,629 | +61.4% |
| Taxes | 450/3 | €22,208 | €35,837 | +€13,629 | +61.4% |
| Other amounts payable | 47/48 | €14,849 | - | -€14,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317 | €5,059 | +€4,742 | +1496.2% |
| Other operating charges | 640/8 | €615 | €195 | -€420 | -68.3% |
| Gross operating margin | 9900 | €66,201 | €41,820 | -€24,382 | -36.8% |
| Operating profit (loss) | 9901 | €65,270 | €36,566 | -€28,704 | -44.0% |
| Financial income | 75/76B | - | €367 | +€367 | |
| Recurring financial income | 75 | - | €367 | +€367 | |
| Financial charges | 65/66B | €27 | €118 | +€91 | +336.7% |
| Recurring financial charges | 65 | €27 | €118 | +€91 | +336.7% |
| Profit (loss) for the period before taxes | 9903 | €65,242 | €36,814 | -€28,428 | -43.6% |
| Income taxes | 67/77 | €14,154 | €9,136 | -€5,017 | -35.4% |
| Profit (loss) for the period | 9904 | €51,089 | €27,678 | -€23,411 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,089 | €27,678 | -€23,411 | -45.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.