NICE INVEST: 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 INVEST
Largest movements
- Stocks and contracts -€1.3m
down €1.3m (-24.1%), from €5.5m to €4.2m
- Tangible fixed assets +€927,934
new in 2025: €927,934
of which Land and buildings: +€896,369
- Cash -€320,970
down €320,970 (-55.9%), from €574,500 to €253,530
mainly Investment in fixed assets (net) (-€957,211) and Debts after one year (-€495,768)
- Debts after one year -€495,768
down €495,768 (-11.7%), from €4.2m to €3.7m
- Other debts -€293,667
down €293,667 (-55.3%), from €531,430 to €237,762
- Financial charges +€75,884
up €75,884 (+46.7%), from €162,548 to €238,432
- Taxes -€55,666
down €55,666 (-75.4%), from €73,780 to €18,113
- Gross operating margin +€54,579
up €54,579 (+17.4%), from €313,348 to €367,927
- Depreciation +€28,917
up €28,917 (+13,783%), from €210 to €29,127
- Other operating charges +€5,359
up €5,359 (+19.2%), from €27,908 to €33,267
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 | €6,576,798 | €5,833,564 | -€743,234 | -11.3% |
| Fixed assets | 21/28 | €1,150 | €929,234 | +€928,084 | +80,703% |
| Tangible fixed assets | 22/27 | - | €927,934 | +€927,934 | |
| Land and buildings | 22 | - | €896,369 | +€896,369 | |
| Other tangible fixed assets | 26 | - | €31,565 | +€31,565 | |
| Financial fixed assets | 28 | €1,150 | €1,300 | +€150 | +13.0% |
| Current assets | 29/58 | €6,575,648 | €4,904,330 | -€1.7m | -25.4% |
| Amounts receivable after more than one year | 29 | €340,000 | €340,000 | = | 0.0% |
| Other amounts receivable | 291 | €340,000 | €340,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,547,309 | €4,212,390 | -€1.3m | -24.1% |
| Stocks | 30/36 | €5,547,309 | €4,212,390 | -€1.3m | -24.1% |
| Amounts receivable within one year | 40/41 | €111,582 | €96,181 | -€15,400 | -13.8% |
| Trade receivables | 40 | €28,450 | €30,425 | +€1,975 | +6.9% |
| Other amounts receivable | 41 | €83,132 | €65,756 | -€17,375 | -20.9% |
| Cash at bank and in hand | 54/58 | €574,500 | €253,530 | -€320,970 | -55.9% |
| Deferred charges and accrued income | 490/1 | €2,257 | €2,229 | -€28 | -1.3% |
| Total equity and liabilities | 10/49 | €6,576,798 | €5,833,564 | -€743,234 | -11.3% |
| Equity | 10/15 | €1,751,817 | €1,796,868 | +€45,051 | +2.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | - | -€61,500 | |
| Issued capital | 100 | €61,500 | - | -€61,500 | |
| Reserves | 13 | €6,150 | €51,201 | +€45,051 | +733% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | - | -€6,150 | |
| Reserves not available under the articles | 1311 | - | €6,150 | +€6,150 | |
| Distributable reserves | 133 | - | €45,051 | +€45,051 | |
| Profit (loss) carried forward | 14 | €1,684,167 | €1,684,167 | = | 0.0% |
| Amounts payable | 17/49 | €4,824,981 | €4,036,696 | -€788,285 | -16.3% |
| Amounts payable after more than one year | 17 | €4,231,589 | €3,735,821 | -€495,768 | -11.7% |
| Financial debts | 170/4 | €4,231,589 | €3,735,821 | -€495,768 | -11.7% |
| Amounts payable within one year | 42/48 | €593,392 | €300,875 | -€292,517 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €59,237 | €60,296 | +€1,059 | +1.8% |
| Trade debts | 44 | €2,725 | €2,817 | +€92 | +3.4% |
| Suppliers | 440/4 | €2,725 | €2,817 | +€92 | +3.4% |
| Other amounts payable | 47/48 | €531,430 | €237,762 | -€293,667 | -55.3% |
| Remuneration, social security and pensions | 62 | - | €3,937 | +€3,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | €29,127 | +€28,917 | +13,783% |
| Other operating charges | 640/8 | €27,908 | €33,267 | +€5,359 | +19.2% |
| Gross operating margin | 9900 | €313,348 | €367,927 | +€54,579 | +17.4% |
| Operating profit (loss) | 9901 | €285,231 | €301,596 | +€16,365 | +5.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +350% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +350% |
| Financial charges | 65/66B | €162,548 | €238,432 | +€75,884 | +46.7% |
| Recurring financial charges | 65 | €162,548 | €238,432 | +€75,884 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €122,683 | €63,164 | -€59,518 | -48.5% |
| Income taxes | 67/77 | €73,780 | €18,113 | -€55,666 | -75.4% |
| Profit (loss) for the period | 9904 | €48,903 | €45,051 | -€3,852 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,903 | €45,051 | -€3,852 | -7.9% |
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 29 October 2026 via checked.be.