NICE: 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.
NICE
Largest movements
- Cash -€85,987
down €85,987 (-76.1%), from €112,964 to €26,978
mainly Trade debts (-€71,407) and Investment in fixed assets (net) (-€66,293)
- Tangible fixed assets +€45,971
up €45,971 (+22.7%), from €202,089 to €248,060
of which Land and buildings: +€39,800
- Receivables within one year +€38,004
up €38,004 (+30.9%), from €123,054 to €161,058
of which Trade receivables: +€29,878
- Other debts +€101,944
up €101,944 (+512%), from €19,930 to €121,874
- Trade debts -€71,407
down €71,407 (-49.3%), from €144,737 to €73,330
- Tax, wage and social debts -€38,552
down €38,552 (-30.2%), from €127,509 to €88,957
of which Taxes: -€38,637
- Gross operating margin -€41,645
down €41,645 (-29.8%), from €139,874 to €98,229
- Staff costs -€12,069
down €12,069 (-15.3%), from €79,096 to €67,027
- Depreciation +€8,839
up €8,839 (+77.0%), from €11,483 to €20,322
- Taxes -€8,180
down €8,180 (-83.9%), from €9,746 to €1,566
- Financial charges +€3,202
up €3,202 (+93.6%), from €3,421 to €6,624
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.
Derived cash bridge
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 | €585,482 | €583,578 | -€1,904 | -0.3% |
| Fixed assets | 21/28 | €210,269 | €256,240 | +€45,971 | +21.9% |
| Tangible fixed assets | 22/27 | €202,089 | €248,060 | +€45,971 | +22.7% |
| Land and buildings | 22 | €185,929 | €225,728 | +€39,800 | +21.4% |
| Furniture and vehicles | 24 | €16,161 | €22,332 | +€6,171 | +38.2% |
| Financial fixed assets | 28 | €8,180 | €8,180 | = | 0.0% |
| Current assets | 29/58 | €375,213 | €327,338 | -€47,875 | -12.8% |
| Amounts receivable after more than one year | 29 | €138,896 | €138,896 | = | 0.0% |
| Other amounts receivable | 291 | €138,896 | €138,896 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €123,054 | €161,058 | +€38,004 | +30.9% |
| Trade receivables | 40 | €60,513 | €90,391 | +€29,878 | +49.4% |
| Other amounts receivable | 41 | €62,541 | €70,667 | +€8,126 | +13.0% |
| Cash at bank and in hand | 54/58 | €112,964 | €26,978 | -€85,987 | -76.1% |
| Deferred charges and accrued income | 490/1 | €298 | €406 | +€108 | +36.2% |
| Total equity and liabilities | 10/49 | €585,482 | €583,578 | -€1,904 | -0.3% |
| Equity | 10/15 | €189,972 | €193,385 | +€3,413 | +1.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,972 | €188,385 | +€3,413 | +1.8% |
| Amounts payable | 17/49 | €395,510 | €390,193 | -€5,317 | -1.3% |
| Amounts payable after more than one year | 17 | €93,021 | €93,021 | = | 0.0% |
| Financial debts | 170/4 | €53,021 | €53,021 | = | 0.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €302,489 | €297,172 | -€5,317 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €10,313 | €13,011 | +€2,698 | +26.2% |
| Trade debts | 44 | €144,737 | €73,330 | -€71,407 | -49.3% |
| Suppliers | 440/4 | €144,737 | €73,330 | -€71,407 | -49.3% |
| Taxes, remuneration and social security | 45 | €127,509 | €88,957 | -€38,552 | -30.2% |
| Taxes | 450/3 | €89,104 | €50,466 | -€38,637 | -43.4% |
| Remuneration and social security | 454/9 | €38,406 | €38,491 | +€85 | +0.2% |
| Other amounts payable | 47/48 | €19,930 | €121,874 | +€101,944 | +512% |
| Remuneration, social security and pensions | 62 | €79,096 | €67,027 | -€12,069 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,483 | €20,322 | +€8,839 | +77.0% |
| Other operating charges | 640/8 | €440 | €951 | +€511 | +116% |
| Gross operating margin | 9900 | €139,874 | €98,229 | -€41,645 | -29.8% |
| Operating profit (loss) | 9901 | €48,855 | €9,929 | -€38,926 | -79.7% |
| Financial income | 75/76B | - | €1,674 | +€1,674 | |
| Recurring financial income | 75 | - | €1,674 | +€1,674 | |
| Financial charges | 65/66B | €3,421 | €6,624 | +€3,202 | +93.6% |
| Recurring financial charges | 65 | €3,421 | €6,624 | +€3,202 | +93.6% |
| Profit (loss) for the period before taxes | 9903 | €45,434 | €4,979 | -€40,455 | -89.0% |
| Income taxes | 67/77 | €9,746 | €1,566 | -€8,180 | -83.9% |
| Profit (loss) for the period | 9904 | €35,687 | €3,413 | -€32,274 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,687 | €3,413 | -€32,274 | -90.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.