NICK & NICK: 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.
NICK & NICK
Largest movements
- Tangible fixed assets -€701,425
down €701,425 (-98.8%), from €709,682 to €8,257
of which Land and buildings: -€677,842
- Stocks and contracts -€30,127
no longer reported in 2025 (was €30,127)
- Cash +€21,142
up €21,142 (+451.9%), from €4,678 to €25,820
mainly Investment in fixed assets (net) (+€692,293) and Stocks and contracts (+€30,127)
- Revaluation surpluses -€615,362
no longer reported in 2025 (was €615,362)
- Profit (loss) carried forward +€482,598
up €482,598 (+96.2%), from -€501,478 to -€18,880
- Trade debts -€185,388
down €185,388 (-94.3%), from €196,526 to €11,138
- Other debts -€154,051
down €154,051 (-97.7%), from €157,651 to €3,600
- Reserves -€83,913
no longer reported in 2025 (was €83,913)
- Gross operating margin -€99,456
down €99,456, from €25,158 to -€74,298
- Staff costs -€49,957
down €49,957, from €48,046 to -€1,912
- Depreciation -€33,048
down €33,048 (-78.3%), from €42,180 to €9,132
- Financial charges +€18,698
up €18,698 (+200.7%), from €9,316 to €28,015
- Other operating charges -€3,487
down €3,487 (-78.5%), from €4,441 to €954
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 | €761,762 | €57,857 | -€703,905 | -92.4% |
| Fixed assets | 21/28 | €710,582 | €9,157 | -€701,425 | -98.7% |
| Tangible fixed assets | 22/27 | €709,682 | €8,257 | -€701,425 | -98.8% |
| Land and buildings | 22 | €677,842 | - | -€677,842 | |
| Plant, machinery and equipment | 23 | €11,528 | - | -€11,528 | |
| Furniture and vehicles | 24 | €18,849 | €8,257 | -€10,592 | -56.2% |
| Leasing and similar rights | 25 | €1,462 | - | -€1,462 | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €51,181 | €48,701 | -€2,480 | -4.8% |
| Stocks and contracts in progress | 3 | €30,127 | - | -€30,127 | |
| Stocks | 30/36 | €30,127 | - | -€30,127 | |
| Amounts receivable within one year | 40/41 | €16,375 | €22,880 | +€6,505 | +39.7% |
| Trade receivables | 40 | €9,753 | €19,063 | +€9,310 | +95.5% |
| Other amounts receivable | 41 | €6,623 | €3,817 | -€2,805 | -42.4% |
| Cash at bank and in hand | 54/58 | €4,678 | €25,820 | +€21,142 | +451.9% |
| Total equity and liabilities | 10/49 | €761,762 | €57,857 | -€703,905 | -92.4% |
| Equity | 10/15 | €259,797 | €43,120 | -€216,677 | -83.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €615,362 | - | -€615,362 | |
| Reserves | 13 | €83,913 | - | -€83,913 | |
| Distributable reserves | 133 | €83,913 | - | -€83,913 | |
| Profit (loss) carried forward | 14 | -€501,478 | -€18,880 | +€482,598 | +96.2% |
| Amounts payable | 17/49 | €501,966 | €14,737 | -€487,228 | -97.1% |
| Amounts payable after more than one year | 17 | €40,131 | - | -€40,131 | |
| Financial debts | 170/4 | €40,131 | - | -€40,131 | |
| Amounts payable within one year | 42/48 | €458,181 | €14,737 | -€443,443 | -96.8% |
| Current portion of amounts payable after more than one year | 42 | €39,722 | - | -€39,722 | |
| Financial debts | 43 | €21,753 | - | -€21,753 | |
| Credit institutions | 430/8 | €21,753 | - | -€21,753 | |
| Trade debts | 44 | €196,526 | €11,138 | -€185,388 | -94.3% |
| Suppliers | 440/4 | €196,526 | €11,138 | -€185,388 | -94.3% |
| Taxes, remuneration and social security | 45 | €42,529 | - | -€42,529 | |
| Taxes | 450/3 | €2,492 | - | -€2,492 | |
| Remuneration and social security | 454/9 | €40,037 | - | -€40,037 | |
| Other amounts payable | 47/48 | €157,651 | €3,600 | -€154,051 | -97.7% |
| Accrued charges and deferred income | 492/3 | €3,653 | - | -€3,653 | |
| Remuneration, social security and pensions | 62 | €48,046 | -€1,912 | -€49,957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,180 | €9,132 | -€33,048 | -78.3% |
| Other operating charges | 640/8 | €4,441 | €954 | -€3,487 | -78.5% |
| Non-recurring operating charges | 66A | - | €106,025 | +€106,025 | |
| Gross operating margin | 9900 | €25,158 | -€74,298 | -€99,456 | |
| Operating profit (loss) | 9901 | -€69,510 | -€188,498 | -€118,988 | -171.2% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €9,316 | €28,015 | +€18,698 | +200.7% |
| Recurring financial charges | 65 | €9,316 | €28,015 | +€18,698 | +200.7% |
| Profit (loss) for the period before taxes | 9903 | -€78,823 | -€216,513 | -€137,689 | -174.7% |
| Income taxes | 67/77 | - | €164 | +€164 | |
| Profit (loss) for the period | 9904 | -€78,823 | -€216,677 | -€137,854 | -174.9% |
| Transfer from tax-exempt reserves | 789 | - | €699,275 | +€699,275 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,823 | €482,598 | +€561,422 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.