NICIMO: 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.
NICIMO
Largest movements
- Cash +€1.4m
up €1.4m (+8003.7%), from €17,004 to €1.4m
mainly Net result for the year (+€1.4m) and Provisions (+€419,136)
- Current investments +€566,677
up €566,677 (+65.1%), from €870,000 to €1.4m
- Tangible fixed assets -€125,221
down €125,221 (-3.1%), from €4.1m to €4.0m
- Reserves +€1.4m
up €1.4m (+214.2%), from €650,471 to €2.0m
of which Tax-exempt reserves: +€1.3m
- Provisions +€419,136
up €419,136 (+476.4%), from €87,984 to €507,120
- Gross operating margin +€1.8m
up €1.8m (+1276.4%), from €141,099 to €1.9m
- Taxes +€36,384
up €36,384 (+262.0%), from €13,888 to €50,272
- Financial income +€26,284
new in 2025: €26,284
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 | €4,999,248 | €6,836,513 | +€1.8m | +36.8% |
| Fixed assets | 21/28 | €4,088,693 | €3,963,471 | -€125,221 | -3.1% |
| Tangible fixed assets | 22/27 | €4,088,693 | €3,963,471 | -€125,221 | -3.1% |
| Land and buildings | 22 | €4,088,693 | €3,963,471 | -€125,221 | -3.1% |
| Current assets | 29/58 | €910,556 | €2,873,041 | +€2.0m | +215.5% |
| Amounts receivable within one year | 40/41 | €21,112 | €55,750 | +€34,638 | +164.1% |
| Trade receivables | 40 | - | €55,750 | +€55,750 | |
| Other amounts receivable | 41 | €21,112 | - | -€21,112 | |
| Current investments | 50/53 | €870,000 | €1,436,677 | +€566,677 | +65.1% |
| Cash at bank and in hand | 54/58 | €17,004 | €1,377,958 | +€1.4m | +8003.7% |
| Deferred charges and accrued income | 490/1 | €2,439 | €2,656 | +€216 | +8.9% |
| Total equity and liabilities | 10/49 | €4,999,248 | €6,836,513 | +€1.8m | +36.8% |
| Equity | 10/15 | €4,896,769 | €6,290,132 | +€1.4m | +28.5% |
| Contributions | 10/11 | €3,522,348 | €3,522,348 | = | 0.0% |
| Capital | 10 | €3,522,348 | €3,522,348 | = | 0.0% |
| Issued capital | 100 | €3,522,348 | €3,522,348 | = | 0.0% |
| Reserves | 13 | €650,471 | €2,043,834 | +€1.4m | +214.2% |
| Non-distributable reserves | 130/1 | €28,867 | €35,665 | +€6,798 | +23.5% |
| Legal reserve | 130 | €28,867 | €35,665 | +€6,798 | +23.5% |
| Tax-exempt reserves | 132 | €265,930 | €1,523,333 | +€1.3m | +472.8% |
| Distributable reserves | 133 | €355,674 | €484,836 | +€129,162 | +36.3% |
| Profit (loss) carried forward | 14 | €723,950 | €723,950 | = | 0.0% |
| Provisions and deferred taxes | 16 | €87,984 | €507,120 | +€419,136 | +476.4% |
| Deferred taxes | 168 | €87,984 | €507,120 | +€419,136 | +476.4% |
| Amounts payable | 17/49 | €14,495 | €39,261 | +€24,766 | +170.9% |
| Amounts payable within one year | 42/48 | €14,495 | €39,261 | +€24,766 | +170.9% |
| Trade debts | 44 | €1,478 | €4,169 | +€2,691 | +182.1% |
| Suppliers | 440/4 | €1,478 | €4,169 | +€2,691 | +182.1% |
| Taxes, remuneration and social security | 45 | - | €22,387 | +€22,387 | |
| Taxes | 450/3 | - | €22,387 | +€22,387 | |
| Other amounts payable | 47/48 | €13,017 | €12,705 | -€312 | -2.4% |
| Non-recurring operating income | 76A | - | €1,682,533 | +€1.7m | |
| Remuneration, social security and pensions | 62 | -€7,685 | - | +€7,685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,214 | €33,976 | -€239 | -0.7% |
| Other operating charges | 640/8 | €67,374 | €71,573 | +€4,199 | +6.2% |
| Non-recurring operating charges | 66A | €1,053 | - | -€1,053 | |
| Gross operating margin | 9900 | €141,099 | €1,942,088 | +€1.8m | +1276.4% |
| Operating profit (loss) | 9901 | €46,143 | €1,836,539 | +€1.8m | +3880.1% |
| Financial income | 75/76B | - | €26,284 | +€26,284 | |
| Recurring financial income | 75 | - | €26,284 | +€26,284 | |
| Financial charges | 65/66B | €65 | €53 | -€12 | -19.0% |
| Recurring financial charges | 65 | €65 | €53 | -€12 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €46,078 | €1,862,770 | +€1.8m | +3942.7% |
| Transfer from deferred taxes | 780 | €1,186 | €1,498 | +€311 | +26.3% |
| Transfer to deferred taxes | 680 | - | €420,633 | +€420,633 | |
| Income taxes | 67/77 | €13,888 | €50,272 | +€36,384 | +262.0% |
| Profit (loss) for the period | 9904 | €33,376 | €1,393,363 | +€1.4m | +4074.8% |
| Transfer from tax-exempt reserves | 789 | €3,562 | €4,497 | +€934 | +26.2% |
| Transfer to tax-exempt reserves | 689 | - | €1,261,900 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €36,938 | €135,960 | +€99,022 | +268.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.