NICDEMOU MANAGEMENT: 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.
NICDEMOU MANAGEMENT
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€29,564
down €29,564 (-35.8%), from €82,480 to €52,915
mainly Current investments (-€150,000) and Investment in fixed assets (net) (-€15,619)
- Tangible fixed assets +€9,748
up €9,748 (+26.1%), from €37,393 to €47,141
of which Other tangible fixed assets: +€9,918
- Profit (loss) carried forward +€100,625
up €100,625 (+80.0%), from €125,719 to €226,343
- Other debts +€18,806
up €18,806 (+660%), from €2,850 to €21,656
- Tax, wage and social debts +€6,048
up €6,048 (+10.6%), from €57,300 to €63,348
- Trade debts +€4,705
up €4,705 (+468%), from €1,004 to €5,710
- Gross operating margin -€38,124
down €38,124 (-22.6%), from €168,788 to €130,664
- Taxes -€15,035
down €15,035 (-38.3%), from €39,300 to €24,265
- Depreciation +€3,204
up €3,204 (+120%), from €2,668 to €5,871
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.
Derived cash bridge
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 | €191,873 | €322,056 | +€130,183 | +67.8% |
| Fixed assets | 21/28 | €39,393 | €49,141 | +€9,748 | +24.7% |
| Tangible fixed assets | 22/27 | €37,393 | €47,141 | +€9,748 | +26.1% |
| Furniture and vehicles | 24 | €644 | €474 | -€170 | -26.4% |
| Other tangible fixed assets | 26 | €36,749 | €46,667 | +€9,918 | +27.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €152,480 | €272,915 | +€120,436 | +79.0% |
| Amounts receivable within one year | 40/41 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 41 | €70,000 | €70,000 | = | 0.0% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €82,480 | €52,915 | -€29,564 | -35.8% |
| Total equity and liabilities | 10/49 | €191,873 | €322,056 | +€130,183 | +67.8% |
| Equity | 10/15 | €130,719 | €231,343 | +€100,625 | +77.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,719 | €226,343 | +€100,625 | +80.0% |
| Amounts payable | 17/49 | €61,154 | €90,713 | +€29,559 | +48.3% |
| Amounts payable within one year | 42/48 | €61,154 | €90,713 | +€29,559 | +48.3% |
| Trade debts | 44 | €1,004 | €5,710 | +€4,705 | +468% |
| Suppliers | 440/4 | €1,004 | €5,710 | +€4,705 | +468% |
| Taxes, remuneration and social security | 45 | €57,300 | €63,348 | +€6,048 | +10.6% |
| Taxes | 450/3 | €57,300 | €63,348 | +€6,048 | +10.6% |
| Other amounts payable | 47/48 | €2,850 | €21,656 | +€18,806 | +660% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,668 | €5,871 | +€3,204 | +120% |
| Other operating charges | 640/8 | €996 | €447 | -€549 | -55.1% |
| Gross operating margin | 9900 | €168,788 | €130,664 | -€38,124 | -22.6% |
| Operating profit (loss) | 9901 | €165,124 | €124,346 | -€40,778 | -24.7% |
| Financial income | 75/76B | - | €724 | +€724 | |
| Recurring financial income | 75 | - | €724 | +€724 | |
| Financial charges | 65/66B | €105 | €180 | +€75 | +71.0% |
| Recurring financial charges | 65 | €105 | €180 | +€75 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | €165,019 | €124,890 | -€40,129 | -24.3% |
| Income taxes | 67/77 | €39,300 | €24,265 | -€15,035 | -38.3% |
| Profit (loss) for the period | 9904 | €125,719 | €100,625 | -€25,094 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €125,719 | €100,625 | -€25,094 | -20.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.