NICHA: 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.
NICHA
Largest movements
- Receivables within one year -€36,253
down €36,253 (-11.4%), from €316,737 to €280,484
of which Other amounts receivable: -€25,780
- Financial fixed assets -€35,240
no longer reported in 2025 (was €35,240)
- Cash +€8,390
up €8,390 (+19.8%), from €42,371 to €50,761
mainly Depreciation (+€74,248) and Receivables within one year (+€36,253)
- Other debts -€84,103
down €84,103 (-56.9%), from €147,907 to €63,803
- Tax, wage and social debts +€35,263
up €35,263 (+18.1%), from €194,355 to €229,618
of which Remuneration and social security: +€62,982
- Current portion of long-term debt -€24,054
down €24,054 (-63.0%), from €38,165 to €14,111
- Profit (loss) carried forward +€21,161
up €21,161 (+31.0%), from -€68,320 to -€47,160
- Short-term financial debts -€19,000
down €19,000 (-79.2%), from €24,000 to €5,000
- Staff costs +€51,134
up €51,134 (+7.5%), from €678,833 to €729,966
- Gross operating margin +€28,965
up €28,965 (+3.4%), from €857,849 to €886,814
- Other operating charges +€9,613
up €9,613 (+45.0%), from €21,367 to €30,981
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 | €682,642 | €599,188 | -€83,454 | -12.2% |
| Fixed assets | 21/28 | €267,163 | €220,676 | -€46,487 | -17.4% |
| Intangible fixed assets | 21 | €43,750 | €38,750 | -€5,000 | -11.4% |
| Tangible fixed assets | 22/27 | €188,173 | €181,926 | -€6,246 | -3.3% |
| Plant, machinery and equipment | 23 | €42,004 | €30,857 | -€11,147 | -26.5% |
| Furniture and vehicles | 24 | €28,109 | €25,670 | -€2,439 | -8.7% |
| Other tangible fixed assets | 26 | €118,060 | €125,400 | +€7,340 | +6.2% |
| Financial fixed assets | 28 | €35,240 | - | -€35,240 | |
| Current assets | 29/58 | €415,479 | €378,511 | -€36,967 | -8.9% |
| Stocks and contracts in progress | 3 | €20,124 | €17,779 | -€2,346 | -11.7% |
| Stocks | 30/36 | €20,124 | €17,779 | -€2,346 | -11.7% |
| Amounts receivable within one year | 40/41 | €316,737 | €280,484 | -€36,253 | -11.4% |
| Trade receivables | 40 | €44,917 | €34,444 | -€10,473 | -23.3% |
| Other amounts receivable | 41 | €271,820 | €246,040 | -€25,780 | -9.5% |
| Cash at bank and in hand | 54/58 | €42,371 | €50,761 | +€8,390 | +19.8% |
| Deferred charges and accrued income | 490/1 | €36,246 | €29,488 | -€6,758 | -18.6% |
| Total equity and liabilities | 10/49 | €682,642 | €599,188 | -€83,454 | -12.2% |
| Equity | 10/15 | €73,800 | €94,960 | +€21,161 | +28.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €80,620 | €80,620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,282 | €11,282 | = | 0.0% |
| Legal reserve | 130 | €11,282 | €11,282 | = | 0.0% |
| Distributable reserves | 133 | €69,338 | €69,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,320 | -€47,160 | +€21,161 | +31.0% |
| Amounts payable | 17/49 | €608,842 | €504,228 | -€104,615 | -17.2% |
| Amounts payable after more than one year | 17 | €63,450 | €49,339 | -€14,111 | -22.2% |
| Financial debts | 170/4 | €63,450 | €49,339 | -€14,111 | -22.2% |
| Amounts payable within one year | 42/48 | €545,392 | €454,889 | -€90,504 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €38,165 | €14,111 | -€24,054 | -63.0% |
| Financial debts | 43 | €24,000 | €5,000 | -€19,000 | -79.2% |
| Credit institutions | 430/8 | €24,000 | €5,000 | -€19,000 | -79.2% |
| Trade debts | 44 | €140,966 | €142,356 | +€1,390 | +1.0% |
| Suppliers | 440/4 | €140,966 | €142,356 | +€1,390 | +1.0% |
| Taxes, remuneration and social security | 45 | €194,355 | €229,618 | +€35,263 | +18.1% |
| Taxes | 450/3 | €73,358 | €45,639 | -€27,719 | -37.8% |
| Remuneration and social security | 454/9 | €120,997 | €183,979 | +€62,982 | +52.1% |
| Other amounts payable | 47/48 | €147,907 | €63,803 | -€84,103 | -56.9% |
| Remuneration, social security and pensions | 62 | €678,833 | €729,966 | +€51,134 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,287 | €74,248 | +€3,962 | +5.6% |
| Other operating charges | 640/8 | €21,367 | €30,981 | +€9,613 | +45.0% |
| Non-recurring operating charges | 66A | €9,374 | - | -€9,374 | |
| Gross operating margin | 9900 | €857,849 | €886,814 | +€28,965 | +3.4% |
| Operating profit (loss) | 9901 | €77,989 | €51,618 | -€26,370 | -33.8% |
| Financial income | 75/76B | €269 | €407 | +€138 | +51.3% |
| Recurring financial income | 75 | €269 | €407 | +€138 | +51.3% |
| Financial charges | 65/66B | €30,607 | €27,192 | -€3,416 | -11.2% |
| Recurring financial charges | 65 | €30,607 | €27,192 | -€3,416 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €47,650 | €24,834 | -€22,816 | -47.9% |
| Income taxes | 67/77 | €1,628 | €4,362 | +€2,734 | +168.0% |
| Profit (loss) for the period | 9904 | €46,023 | €20,472 | -€25,551 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,023 | €20,472 | -€25,551 | -55.5% |
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 8 October 2026 via checked.be.