NICDEF: 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.
NICDEF
Largest movements
- Intangible fixed assets -€2,000
down €2,000 (-23.6%), from €8,481 to €6,481
- Cash -€1,306
down €1,306 (-60.8%), from €2,147 to €841
mainly Net result for the year (-€6,032) and Receivables within one year (-€1,283)
- Receivables within one year +€1,283
up €1,283 (+48.9%), from €2,626 to €3,909
of which Trade receivables: +€806
- Tangible fixed assets -€373
down €373 (-15.6%), from €2,388 to €2,014
of which Furniture and vehicles: -€373
- Profit (loss) carried forward -€6,032
down €6,032 (-11.3%), from -€53,173 to -€59,205
- Other debts +€3,466
up €3,466 (+42.4%), from €8,176 to €11,642
- Trade debts +€566
up €566 (+233.9%), from €242 to €808
- Accrued charges and deferred income -€396
no longer reported in 2025 (was €396)
- Financial income -€4,000
no longer reported in 2025 (was €4,000)
- Gross operating margin -€552
down €552 (-21.2%), from -€2,609 to -€3,162
- Depreciation +€481
up €481 (+25.4%), from €1,893 to €2,373
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 | €15,642 | €13,245 | -€2,396 | -15.3% |
| Fixed assets | 21/28 | €10,869 | €8,495 | -€2,373 | -21.8% |
| Intangible fixed assets | 21 | €8,481 | €6,481 | -€2,000 | -23.6% |
| Tangible fixed assets | 22/27 | €2,388 | €2,014 | -€373 | -15.6% |
| Furniture and vehicles | 24 | €658 | €284 | -€373 | -56.8% |
| Other tangible fixed assets | 26 | €1,730 | €1,730 | = | 0.0% |
| Current assets | 29/58 | €4,773 | €4,750 | -€23 | -0.5% |
| Amounts receivable within one year | 40/41 | €2,626 | €3,909 | +€1,283 | +48.9% |
| Trade receivables | 40 | €242 | €1,048 | +€806 | +333.1% |
| Other amounts receivable | 41 | €2,384 | €2,861 | +€477 | +20.0% |
| Cash at bank and in hand | 54/58 | €2,147 | €841 | -€1,306 | -60.8% |
| Total equity and liabilities | 10/49 | €15,642 | €13,245 | -€2,396 | -15.3% |
| Equity | 10/15 | €6,827 | €795 | -€6,032 | -88.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,173 | -€59,205 | -€6,032 | -11.3% |
| Amounts payable | 17/49 | €8,814 | €12,450 | +€3,636 | +41.3% |
| Amounts payable within one year | 42/48 | €8,418 | €12,450 | +€4,032 | +47.9% |
| Trade debts | 44 | €242 | €808 | +€566 | +233.9% |
| Suppliers | 440/4 | €242 | €808 | +€566 | +233.9% |
| Other amounts payable | 47/48 | €8,176 | €11,642 | +€3,466 | +42.4% |
| Accrued charges and deferred income | 492/3 | €396 | - | -€396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,893 | €2,373 | +€481 | +25.4% |
| Other operating charges | 640/8 | €396 | €400 | +€4 | +0.9% |
| Gross operating margin | 9900 | -€2,609 | -€3,162 | -€552 | -21.2% |
| Operating profit (loss) | 9901 | -€4,898 | -€5,935 | -€1,037 | -21.2% |
| Financial income | 75/76B | €4,000 | - | -€4,000 | |
| Recurring financial income | 75 | €4,000 | - | -€4,000 | |
| Financial charges | 65/66B | €90 | €97 | +€7 | +8.2% |
| Recurring financial charges | 65 | €90 | €97 | +€7 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€988 | -€6,032 | -€5,044 | -510.6% |
| Profit (loss) for the period | 9904 | -€988 | -€6,032 | -€5,044 | -510.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€988 | -€6,032 | -€5,044 | -510.6% |
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 3 October 2026 via checked.be.