NICHOLSON: 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.
NICHOLSON
Largest movements
- Cash +€108,207
up €108,207 (+347.1%), from €31,172 to €139,379
mainly Receivables within one year (+€79,726) and Net result for the year (+€40,384)
- Receivables within one year -€79,726
down €79,726 (-69.2%), from €115,276 to €35,550
of which Other amounts receivable: -€63,222
- Reserves +€40,384
up €40,384 (+36.6%), from €110,342 to €150,727
- Trade debts -€20,970
down €20,970 (-92.5%), from €22,666 to €1,696
- Tax, wage and social debts +€7,964
up €7,964 (+67.9%), from €11,722 to €19,686
- Financial income -€1,706
down €1,706 (-100.0%), from €1,706 to €0
- Other operating charges -€838
down €838 (-32.4%), from €2,583 to €1,745
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 | €149,730 | €178,334 | +€28,603 | +19.1% |
| Fixed assets | 21/28 | €1,138 | €1,484 | +€346 | +30.4% |
| Tangible fixed assets | 22/27 | €1,138 | €1,484 | +€346 | +30.4% |
| Plant, machinery and equipment | 23 | €671 | €1,361 | +€690 | +102.7% |
| Furniture and vehicles | 24 | €467 | €123 | -€344 | -73.7% |
| Current assets | 29/58 | €148,593 | €176,850 | +€28,258 | +19.0% |
| Amounts receivable within one year | 40/41 | €115,276 | €35,550 | -€79,726 | -69.2% |
| Trade receivables | 40 | €51,800 | €35,295 | -€16,504 | -31.9% |
| Other amounts receivable | 41 | €63,477 | €255 | -€63,222 | -99.6% |
| Cash at bank and in hand | 54/58 | €31,172 | €139,379 | +€108,207 | +347.1% |
| Deferred charges and accrued income | 490/1 | €2,144 | €1,921 | -€224 | -10.4% |
| Total equity and liabilities | 10/49 | €149,730 | €178,334 | +€28,603 | +19.1% |
| Equity | 10/15 | €115,342 | €155,727 | +€40,384 | +35.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €110,342 | €150,727 | +€40,384 | +36.6% |
| Distributable reserves | 133 | €110,342 | €150,727 | +€40,384 | +36.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,388 | €22,607 | -€11,781 | -34.3% |
| Amounts payable within one year | 42/48 | €34,388 | €22,607 | -€11,781 | -34.3% |
| Trade debts | 44 | €22,666 | €1,696 | -€20,970 | -92.5% |
| Suppliers | 440/4 | €22,666 | €1,696 | -€20,970 | -92.5% |
| Taxes, remuneration and social security | 45 | €11,722 | €19,686 | +€7,964 | +67.9% |
| Taxes | 450/3 | €11,722 | €19,686 | +€7,964 | +67.9% |
| Other amounts payable | 47/48 | €0 | €1,226 | +€1,226 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €754 | €1,148 | +€394 | +52.3% |
| Other operating charges | 640/8 | €2,583 | €1,745 | -€838 | -32.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €65,752 | €65,416 | -€336 | -0.5% |
| Operating profit (loss) | 9901 | €62,415 | €62,523 | +€108 | +0.2% |
| Financial income | 75/76B | €1,706 | €0 | -€1,706 | -100.0% |
| Recurring financial income | 75 | €1,706 | €0 | -€1,706 | -100.0% |
| Financial charges | 65/66B | €3,824 | €3,304 | -€519 | -13.6% |
| Recurring financial charges | 65 | €3,824 | €3,304 | -€519 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €60,297 | €59,218 | -€1,079 | -1.8% |
| Income taxes | 67/77 | €18,745 | €18,834 | +€89 | +0.5% |
| Profit (loss) for the period | 9904 | €41,552 | €40,384 | -€1,168 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,552 | €40,384 | -€1,168 | -2.8% |
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 9 October 2026 via checked.be.