NICITA: 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.
NICITA
Largest movements
- Receivables within one year +€102,299
up €102,299 (+33.1%), from €309,269 to €411,568
of which Trade receivables: +€99,972
- Cash +€72,149
up €72,149 (+31.7%), from €227,743 to €299,892
mainly Advances received (+€96,056) and Net result for the year (+€80,292)
- Tangible fixed assets -€12,693
down €12,693 (-18.1%), from €70,217 to €57,524
of which Furniture and vehicles: -€14,550
- Advances received +€96,056
up €96,056 (+88.0%), from €109,190 to €205,246
- Reserves +€80,292
up €80,292 (+40.4%), from €198,581 to €278,872
- Tax, wage and social debts -€55,573
down €55,573 (-71.2%), from €78,020 to €22,447
of which Taxes: -€57,114
- Current portion of long-term debt +€31,662
up €31,662 (+334.2%), from €9,474 to €41,136
- Trade debts +€25,697
up €25,697 (+14.4%), from €178,008 to €203,705
- Gross operating margin -€18,559
down €18,559 (-6.2%), from €300,839 to €282,281
- Staff costs +€13,070
up €13,070 (+9.7%), from €134,343 to €147,413
- Taxes -€9,487
down €9,487 (-25.5%), from €37,164 to €27,677
- Other operating charges -€8,820
down €8,820 (-70.1%), from €12,574 to €3,754
- Depreciation +€3,385
up €3,385 (+20.7%), from €16,387 to €19,772
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 | €616,364 | €775,271 | +€158,908 | +25.8% |
| Fixed assets | 21/28 | €70,217 | €57,524 | -€12,693 | -18.1% |
| Tangible fixed assets | 22/27 | €70,217 | €57,524 | -€12,693 | -18.1% |
| Land and buildings | 22 | €1,025 | €724 | -€300 | -29.3% |
| Plant, machinery and equipment | 23 | €831 | €6,857 | +€6,026 | +724.9% |
| Furniture and vehicles | 24 | €51,627 | €37,077 | -€14,550 | -28.2% |
| Other tangible fixed assets | 26 | €16,734 | €12,865 | -€3,869 | -23.1% |
| Current assets | 29/58 | €546,147 | €717,748 | +€171,601 | +31.4% |
| Stocks and contracts in progress | 3 | €5,830 | €6,288 | +€458 | +7.9% |
| Stocks | 30/36 | €5,830 | €6,288 | +€458 | +7.9% |
| Amounts receivable within one year | 40/41 | €309,269 | €411,568 | +€102,299 | +33.1% |
| Trade receivables | 40 | €309,269 | €409,241 | +€99,972 | +32.3% |
| Other amounts receivable | 41 | €0 | €2,327 | +€2,327 | |
| Cash at bank and in hand | 54/58 | €227,743 | €299,892 | +€72,149 | +31.7% |
| Deferred charges and accrued income | 490/1 | €3,305 | €0 | -€3,305 | -100.0% |
| Total equity and liabilities | 10/49 | €616,364 | €775,271 | +€158,908 | +25.8% |
| Equity | 10/15 | €203,581 | €283,872 | +€80,292 | +39.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €198,581 | €278,872 | +€80,292 | +40.4% |
| Distributable reserves | 133 | €198,581 | €278,872 | +€80,292 | +40.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €412,783 | €491,399 | +€78,616 | +19.0% |
| Amounts payable after more than one year | 17 | €26,050 | €14,915 | -€11,136 | -42.7% |
| Financial debts | 170/4 | €26,050 | €14,915 | -€11,136 | -42.7% |
| Amounts payable within one year | 42/48 | €386,733 | €476,484 | +€89,752 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €9,474 | €41,136 | +€31,662 | +334.2% |
| Trade debts | 44 | €178,008 | €203,705 | +€25,697 | +14.4% |
| Suppliers | 440/4 | €178,008 | €203,705 | +€25,697 | +14.4% |
| Advances received on contracts in progress | 46 | €109,190 | €205,246 | +€96,056 | +88.0% |
| Taxes, remuneration and social security | 45 | €78,020 | €22,447 | -€55,573 | -71.2% |
| Taxes | 450/3 | €69,305 | €12,190 | -€57,114 | -82.4% |
| Remuneration and social security | 454/9 | €8,716 | €10,257 | +€1,541 | +17.7% |
| Other amounts payable | 47/48 | €12,040 | €3,950 | -€8,090 | -67.2% |
| Non-recurring operating income | 76A | €442 | €3,435 | +€2,992 | +676.5% |
| Remuneration, social security and pensions | 62 | €134,343 | €147,413 | +€13,070 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,387 | €19,772 | +€3,385 | +20.7% |
| Other operating charges | 640/8 | €12,574 | €3,754 | -€8,820 | -70.1% |
| Non-recurring operating charges | 66A | €382 | €0 | -€382 | -100.0% |
| Gross operating margin | 9900 | €300,839 | €282,281 | -€18,559 | -6.2% |
| Operating profit (loss) | 9901 | €137,152 | €111,341 | -€25,811 | -18.8% |
| Financial income | 75/76B | €75 | €0 | -€75 | -100.0% |
| Recurring financial income | 75 | €75 | €0 | -€75 | -100.0% |
| Financial charges | 65/66B | €1,919 | €3,373 | +€1,454 | +75.7% |
| Recurring financial charges | 65 | €1,919 | €3,373 | +€1,454 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €135,308 | €107,968 | -€27,339 | -20.2% |
| Income taxes | 67/77 | €37,164 | €27,677 | -€9,487 | -25.5% |
| Profit (loss) for the period | 9904 | €98,143 | €80,292 | -€17,852 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,143 | €80,292 | -€17,852 | -18.2% |
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 7 October 2026 via checked.be.