Nice 2C: 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.
What changed
Nice 2C
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€480,208
2024 · €1.5m-€1.0m
Equity
€25.8m
2024 · €25.4m+€435,208
Cash
€1.1m
2024 · €445,075+€674,951
Balance sheet total
€30.7m
2024 · €30.2m+€529,280
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+15.8%), from €9.0m to €10.4m
of which Assets under construction and advance payments: +€1.8m
- Current investments -€1.1m
down €1.1m (-6.5%), from €17.2m to €16.1m
- Financial fixed assets -€691,787
down €691,787 (-27.6%), from €2.5m to €1.8m
- Cash +€674,951
up €674,951 (+151.6%), from €445,075 to €1.1m
mainly Current investments (+€1.1m) and Net result for the year (+€480,208)
Equity and liabilities
- Reserves +€435,208
up €435,208 (+13.5%), from €3.2m to €3.7m
Income statement
- Financial charges +€1.0m
up €1.0m, from -€946,360 to €76,521
of which Non-recurring financial charges: +€919,522
- Financial income -€897,387
down €897,387 (-65.3%), from €1.4m to €476,899
of which Financial income: -€893,374
- Gross operating margin +€49,218
up €49,218 (+11.9%), from €414,821 to €464,040
- Taxes +€25,887
up €25,887 (+48.4%), from €53,511 to €79,398
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.
Result 2024
€1.5m
Gross operating margin
+€49,218
Depreciation
+€3,874
Write-downs
-€632
Other operating charges
+€3,331
Other operating items
+€842,433
Financial income
-€897,387
Financial charges
-€1.0m
Taxes
-€25,887
Result 2025
€480,208
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.
From operations
+€594,567
Investment
+€153,095
Financing
-€72,711
Cash 2024
€445,075
From operations (derived)
+€594,567
Net result for the year
+€480,208
Depreciation
+€229,611
Stocks and contracts
-€254,725
Receivables within one year
+€90,350
Deferred charges and accrued income
-€72,659
Smaller working-capital items
+€2,347
Tax, wage and social debts
+€56,632
Other debts
+€45,000
Accrued charges and deferred income
+€17,803
Investment (derived)
+€153,095
Investment in fixed assets (net)
-€961,579
Current investments
+€1.1m
Financing
-€72,711
Debts after one year
-€29,000
Short-term financial debts
+€1,290
Contributions, distributions and other
-€45,000
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,183,064 | €30,712,343 | +€529,280 | +1.8% |
| Fixed assets | 21/28 | €11,508,564 | €12,240,532 | +€731,968 | +6.4% |
| Tangible fixed assets | 22/27 | €8,999,807 | €10,423,562 | +€1.4m | +15.8% |
| Land and buildings | 22 | €8,872,197 | €8,255,397 | -€616,799 | -7.0% |
| Furniture and vehicles | 24 | €127,610 | €394,415 | +€266,805 | +209.1% |
| Assets under construction and advance payments | 27 | - | €1,773,750 | +€1.8m | |
| Financial fixed assets | 28 | €2,508,757 | €1,816,970 | -€691,787 | -27.6% |
| Current assets | 29/58 | €18,674,500 | €18,471,811 | -€202,688 | -1.1% |
| Stocks and contracts in progress | 3 | €421,285 | €676,011 | +€254,725 | +60.5% |
| Stocks | 30/36 | €421,285 | €676,011 | +€254,725 | +60.5% |
| Amounts receivable within one year | 40/41 | €424,530 | €334,180 | -€90,350 | -21.3% |
| Trade receivables | 40 | €161,058 | €122,162 | -€38,895 | -24.2% |
| Other amounts receivable | 41 | €263,472 | €212,018 | -€51,454 | -19.5% |
| Current investments | 50/53 | €17,241,628 | €16,126,953 | -€1.1m | -6.5% |
| Cash at bank and in hand | 54/58 | €445,075 | €1,120,027 | +€674,951 | +151.6% |
| Deferred charges and accrued income | 490/1 | €141,981 | €214,640 | +€72,659 | +51.2% |
| Total equity and liabilities | 10/49 | €30,183,064 | €30,712,343 | +€529,280 | +1.8% |
| Equity | 10/15 | €25,396,340 | €25,831,549 | +€435,208 | +1.7% |
| Contributions | 10/11 | €22,018,600 | €22,018,600 | = | 0.0% |
| Revaluation surpluses | 12 | €144,514 | €144,514 | = | 0.0% |
| Reserves | 13 | €3,233,227 | €3,668,435 | +€435,208 | +13.5% |
| Distributable reserves | 133 | €3,233,227 | €3,668,435 | +€435,208 | +13.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,786,723 | €4,880,795 | +€94,072 | +2.0% |
| Amounts payable after more than one year | 17 | €4,723,751 | €4,694,751 | -€29,000 | -0.6% |
| Financial debts | 170/4 | €4,723,551 | €4,692,526 | -€31,025 | -0.7% |
| Other amounts payable | 178/9 | €200 | €2,225 | +€2,025 | +1012.5% |
| Amounts payable within one year | 42/48 | €45,291 | €150,560 | +€105,268 | +232.4% |
| Financial debts | 43 | €0 | €1,290 | +€1,290 | |
| Credit institutions | 430/8 | €0 | €1,290 | +€1,290 | |
| Trade debts | 44 | €41,142 | €43,089 | +€1,947 | +4.7% |
| Suppliers | 440/4 | €41,142 | €43,089 | +€1,947 | +4.7% |
| Advances received on contracts in progress | 46 | €1,000 | €1,399 | +€399 | +39.9% |
| Taxes, remuneration and social security | 45 | €3,150 | €59,782 | +€56,632 | +1797.9% |
| Taxes | 450/3 | €3,150 | €59,782 | +€56,632 | +1797.9% |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €17,680 | €35,484 | +€17,803 | +100.7% |
| Non-recurring operating income | 76A | €0 | €249,178 | +€249,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,485 | €229,611 | -€3,874 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €632 | +€632 | |
| Other operating charges | 640/8 | €36,331 | €33,000 | -€3,331 | -9.2% |
| Non-recurring operating charges | 66A | €884,000 | €41,567 | -€842,433 | -95.3% |
| Gross operating margin | 9900 | €414,821 | €464,040 | +€49,218 | +11.9% |
| Operating profit (loss) | 9901 | -€738,994 | €159,229 | +€898,223 | |
| Financial income | 75/76B | €1,374,285 | €476,899 | -€897,387 | -65.3% |
| Recurring financial income | 75 | €1,368,494 | €475,120 | -€893,374 | -65.3% |
| Non-recurring financial income | 76B | €5,791 | €1,779 | -€4,012 | -69.3% |
| Financial charges | 65/66B | -€946,360 | €76,521 | +€1.0m | |
| Recurring financial charges | 65 | -€62,360 | €40,999 | +€103,359 | |
| Non-recurring financial charges | 66B | -€884,000 | €35,522 | +€919,522 | |
| Profit (loss) for the period before taxes | 9903 | €1,581,651 | €559,606 | -€1.0m | -64.6% |
| Income taxes | 67/77 | €53,511 | €79,398 | +€25,887 | +48.4% |
| Profit (loss) for the period | 9904 | €1,528,140 | €480,208 | -€1.0m | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,528,140 | €480,208 | -€1.0m | -68.6% |
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 2 October 2026 via checked.be.