NICE BENELUX: 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.
NICE BENELUX
Largest movements
- Stocks and contracts -€549,887
down €549,887 (-94.1%), from €584,080 to €34,193
- Receivables within one year +€181,213
up €181,213 (+13.8%), from €1.3m to €1.5m
of which Trade receivables: +€162,809
- Tangible fixed assets -€115,586
down €115,586 (-99.3%), from €116,396 to €810
of which Land and buildings: -€111,621
- Profit (loss) carried forward -€242,412
down €242,412 (-29.5%), from -€822,526 to -€1.1m
- Other debts -€125,000
down €125,000 (-50.0%), from €250,000 to €125,000
- Accrued charges and deferred income -€124,500
down €124,500 (-95.8%), from €130,000 to €5,500
- Tax, wage and social debts -€44,512
down €44,512 (-41.4%), from €107,464 to €62,953
of which Remuneration and social security: -€30,145
- Trade debts +€43,484
up €43,484 (+2.0%), from €2.2m to €2.3m
- Write-downs +€296,864
up €296,864, from -€82,572 to €214,292
- Gross operating margin +€274,940
up €274,940 (+55.2%), from €498,028 to €772,968
- Staff costs -€70,090
down €70,090 (-11.7%), from €596,666 to €526,577
- Financial charges -€36,288
down €36,288 (-62.5%), from €58,069 to €21,780
- Depreciation -€32,594
down €32,594 (-53.2%), from €61,319 to €28,725
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 | €2,107,859 | €1,614,919 | -€492,940 | -23.4% |
| Fixed assets | 21/28 | €118,001 | €2,415 | -€115,586 | -98.0% |
| Tangible fixed assets | 22/27 | €116,396 | €810 | -€115,586 | -99.3% |
| Land and buildings | 22 | €111,621 | €0 | -€111,621 | -100.0% |
| Plant, machinery and equipment | 23 | €2,616 | €412 | -€2,204 | -84.3% |
| Furniture and vehicles | 24 | €2,159 | €399 | -€1,760 | -81.5% |
| Financial fixed assets | 28 | €1,605 | €1,605 | = | 0.0% |
| Current assets | 29/58 | €1,989,858 | €1,612,504 | -€377,354 | -19.0% |
| Stocks and contracts in progress | 3 | €584,080 | €34,193 | -€549,887 | -94.1% |
| Stocks | 30/36 | €584,080 | €34,193 | -€549,887 | -94.1% |
| Amounts receivable within one year | 40/41 | €1,314,557 | €1,495,770 | +€181,213 | +13.8% |
| Trade receivables | 40 | €1,080,989 | €1,243,798 | +€162,809 | +15.1% |
| Other amounts receivable | 41 | €233,568 | €251,972 | +€18,404 | +7.9% |
| Cash at bank and in hand | 54/58 | €91,221 | €82,542 | -€8,680 | -9.5% |
| Total equity and liabilities | 10/49 | €2,107,859 | €1,614,919 | -€492,940 | -23.4% |
| Equity | 10/15 | -€589,326 | -€831,738 | -€242,412 | -41.1% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Capital | 10 | €212,000 | €212,000 | = | 0.0% |
| Issued capital | 100 | €212,000 | €212,000 | = | 0.0% |
| Reserves | 13 | €21,200 | €21,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,200 | €21,200 | = | 0.0% |
| Legal reserve | 130 | €21,200 | €21,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€822,526 | -€1,064,938 | -€242,412 | -29.5% |
| Amounts payable | 17/49 | €2,697,185 | €2,446,657 | -€250,528 | -9.3% |
| Amounts payable within one year | 42/48 | €2,567,185 | €2,441,157 | -€126,028 | -4.9% |
| Trade debts | 44 | €2,209,312 | €2,252,795 | +€43,484 | +2.0% |
| Suppliers | 440/4 | €2,209,312 | €2,252,795 | +€43,484 | +2.0% |
| Advances received on contracts in progress | 46 | €409 | €409 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €107,464 | €62,953 | -€44,512 | -41.4% |
| Taxes | 450/3 | €43,835 | €29,469 | -€14,367 | -32.8% |
| Remuneration and social security | 454/9 | €63,629 | €33,484 | -€30,145 | -47.4% |
| Other amounts payable | 47/48 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €130,000 | €5,500 | -€124,500 | -95.8% |
| Remuneration, social security and pensions | 62 | €596,666 | €526,577 | -€70,090 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,319 | €28,725 | -€32,594 | -53.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€82,572 | €214,292 | +€296,864 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €11,030 | €11,836 | +€807 | +7.3% |
| Non-recurring operating charges | 66A | €4,430 | €211,860 | +€207,431 | +4682.6% |
| Gross operating margin | 9900 | €498,028 | €772,968 | +€274,940 | +55.2% |
| Operating profit (loss) | 9901 | -€92,846 | -€220,323 | -€127,478 | -137.3% |
| Financial income | 75/76B | €711 | €633 | -€77 | -10.9% |
| Recurring financial income | 75 | €711 | €633 | -€77 | -10.9% |
| Financial charges | 65/66B | €58,069 | €21,780 | -€36,288 | -62.5% |
| Recurring financial charges | 65 | €58,069 | €21,780 | -€36,288 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | -€150,204 | -€241,471 | -€91,267 | -60.8% |
| Income taxes | 67/77 | €0 | €942 | +€942 | |
| Profit (loss) for the period | 9904 | -€150,204 | -€242,412 | -€92,209 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,204 | -€242,412 | -€92,209 | -61.4% |
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 6 October 2026 via checked.be.