NICE MOVE 2: 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 MOVE 2
Largest movements
- Cash +€701,944
up €701,944 (+405%), from €173,320 to €875,263
mainly Net result for the year (+€1.6m) and Debts after one year (+€787,074)
- Deferred charges and accrued income +€525,559
up €525,559 (+1,930%), from €27,226 to €552,785
- Receivables within one year +€311,553
up €311,553 (+11.9%), from €2.6m to €2.9m
of which Trade receivables: +€437,996
- Financial fixed assets +€304,286
up €304,286 (+14.4%), from €2.1m to €2.4m
- Receivables after one year -€200,000
no longer reported in 2025 (was €200,000)
- Reserves +€965,395
up €965,395 (+13.1%), from €7.4m to €8.4m
- Debts after one year +€787,074
up €787,074 (+54.8%), from €1.4m to €2.2m
of which Financial debts: +€780,684
- Short-term financial debts -€255,000
no longer reported in 2025 (was €255,000)
- Other debts +€248,186
up €248,186 (+84.5%), from €293,771 to €541,957
- Financial income +€1.1m
up €1.1m (+192%), from €565,661 to €1.6m
of which Financial income: +€1.2m
- Purchases and services +€359,535
up €359,535 (+128%), from €281,435 to €640,970
- Turnover +€349,301
up €349,301 (+196%), from €178,615 to €527,916
- Financial charges +€20,646
up €20,646 (+22.0%), from €94,003 to €114,650
of which Non-recurring financial charges: +€35,281
- Gross operating margin +€14,503
up €14,503 (+6.4%), from €227,893 to €242,396
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 | €9,961,733 | €11,676,535 | +€1.7m | +17.2% |
| Fixed assets | 21/28 | €4,264,352 | €4,722,690 | +€458,337 | +10.7% |
| Intangible fixed assets | 21 | €65,641 | €22,558 | -€43,083 | -65.6% |
| Tangible fixed assets | 22/27 | €2,091,518 | €2,288,653 | +€197,135 | +9.4% |
| Land and buildings | 22 | €1,816,563 | €2,075,635 | +€259,072 | +14.3% |
| Plant, machinery and equipment | 23 | €47,647 | €4,036 | -€43,611 | -91.5% |
| Furniture and vehicles | 24 | €128,224 | €126,778 | -€1,446 | -1.1% |
| Leasing and similar rights | 25 | €41,501 | €27,501 | -€14,000 | -33.7% |
| Other tangible fixed assets | 26 | €57,583 | €54,704 | -€2,879 | -5.0% |
| Financial fixed assets | 28 | €2,107,193 | €2,411,479 | +€304,286 | +14.4% |
| Current assets | 29/58 | €5,697,381 | €6,953,845 | +€1.3m | +22.1% |
| Amounts receivable after more than one year | 29 | €200,000 | - | -€200,000 | |
| Other amounts receivable | 291 | €200,000 | - | -€200,000 | |
| Stocks and contracts in progress | 3 | €2,671,962 | €2,589,371 | -€82,591 | -3.1% |
| Stocks | 30/36 | €2,671,962 | €2,589,371 | -€82,591 | -3.1% |
| Amounts receivable within one year | 40/41 | €2,624,873 | €2,936,426 | +€311,553 | +11.9% |
| Trade receivables | 40 | €8,639 | €446,635 | +€437,996 | +5,070% |
| Other amounts receivable | 41 | €2,616,234 | €2,489,791 | -€126,443 | -4.8% |
| Cash at bank and in hand | 54/58 | €173,320 | €875,263 | +€701,944 | +405% |
| Deferred charges and accrued income | 490/1 | €27,226 | €552,785 | +€525,559 | +1,930% |
| Total equity and liabilities | 10/49 | €9,961,733 | €11,676,535 | +€1.7m | +17.2% |
| Equity | 10/15 | €7,593,192 | €8,548,043 | +€954,851 | +12.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €189,950 | €179,407 | -€10,543 | -5.6% |
| Reserves | 13 | €7,384,692 | €8,350,087 | +€965,395 | +13.1% |
| Distributable reserves | 133 | €7,384,692 | €8,350,087 | +€965,395 | +13.1% |
| Amounts payable | 17/49 | €2,368,541 | €3,128,492 | +€759,951 | +32.1% |
| Amounts payable after more than one year | 17 | €1,435,488 | €2,222,561 | +€787,074 | +54.8% |
| Financial debts | 170/4 | €1,415,428 | €2,196,111 | +€780,684 | +55.2% |
| Other amounts payable | 178/9 | €20,060 | €26,450 | +€6,390 | +31.9% |
| Amounts payable within one year | 42/48 | €928,548 | €899,895 | -€28,654 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €315,020 | €269,316 | -€45,704 | -14.5% |
| Financial debts | 43 | €255,000 | - | -€255,000 | |
| Credit institutions | 430/8 | €255,000 | - | -€255,000 | |
| Trade debts | 44 | €36,901 | €76,061 | +€39,160 | +106% |
| Suppliers | 440/4 | €36,901 | €76,061 | +€39,160 | +106% |
| Advances received on contracts in progress | 46 | €7,500 | €10,500 | +€3,000 | +40.0% |
| Taxes, remuneration and social security | 45 | €20,356 | €2,060 | -€18,295 | -89.9% |
| Taxes | 450/3 | €20,356 | €2,060 | -€18,295 | -89.9% |
| Other amounts payable | 47/48 | €293,771 | €541,957 | +€248,186 | +84.5% |
| Accrued charges and deferred income | 492/3 | €4,505 | €6,036 | +€1,530 | +34.0% |
| Turnover | 70 | €178,615 | €527,916 | +€349,301 | +196% |
| Goods, raw materials, services and sundry goods | 60/61 | €281,435 | €640,970 | +€359,535 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,695 | €176,885 | -€5,810 | -3.2% |
| Other operating charges | 640/8 | €48,390 | €37,971 | -€10,419 | -21.5% |
| Gross operating margin | 9900 | €227,893 | €242,396 | +€14,503 | +6.4% |
| Operating profit (loss) | 9901 | -€3,192 | €27,540 | +€30,732 | |
| Financial income | 75/76B | €565,661 | €1,649,068 | +€1.1m | +192% |
| Recurring financial income | 75 | €469,489 | €1,647,705 | +€1.2m | +251% |
| Non-recurring financial income | 76B | €96,172 | €1,364 | -€94,808 | -98.6% |
| Financial charges | 65/66B | €94,003 | €114,650 | +€20,646 | +22.0% |
| Recurring financial charges | 65 | €94,003 | €79,368 | -€14,635 | -15.6% |
| Non-recurring financial charges | 66B | - | €35,281 | +€35,281 | |
| Profit (loss) for the period before taxes | 9903 | €468,465 | €1,561,958 | +€1.1m | +233% |
| Income taxes | 67/77 | €689 | €7,107 | +€6,418 | +932% |
| Profit (loss) for the period | 9904 | €467,777 | €1,554,851 | +€1.1m | +232% |
| Profit (loss) for the period to be appropriated | 9905 | €467,777 | €1,554,851 | +€1.1m | +232% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.