Nick & Wood: what changed
What changed
Nick & Wood
filed annual accounts (NBB)
Net result for the year
-€55,817
2024 · -€5,254-€50,563
Equity
-€42,654
2024 · €13,163-€55,817
Cash
€3,994
2024 · €1,117+€2,876
Balance sheet total
€492,618
2024 · €508,222-€15,604
Largest movements
Assets
- Receivables within one year -€10,661
down €10,661 (-55.6%), from €19,167 to €8,507
of which Other amounts receivable: -€5,350
- Tangible fixed assets -€8,857
down €8,857 (-1.8%), from €487,937 to €479,080
of which Assets under construction and advance payments: -€422,087
Equity and liabilities
- Other debts +€108,413
up €108,413 (+43.3%), from €250,265 to €358,678
- Profit (loss) carried forward -€55,817
down €55,817, from €8,163 to -€47,654
- Debts after one year -€30,863
down €30,863 (-18.9%), from €163,309 to €132,446
- Trade debts -€26,401
down €26,401 (-68.1%), from €38,789 to €12,387
- Tax, wage and social debts -€11,887
down €11,887 (-96.6%), from €12,312 to €424
Income statement
- Gross operating margin -€67,147
down €67,147, from €49,981 to -€17,165
- Depreciation +€15,598
up €15,598 (+139%), from €11,211 to €26,809
- Financial charges +€1,927
up €1,927 (+40.0%), from €4,817 to €6,744
- Financial income -€1,050
down €1,050 (-81.7%), from €1,286 to €236
- Other operating charges +€1,007
up €1,007 (+29.7%), from €3,395 to €4,402
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€5,254
Gross operating margin
-€67,147
Depreciation
-€15,598
Other operating charges
-€1,007
Other operating items
+€36,200
Financial income
-€1,050
Financial charges
-€1,927
Taxes
-€34
Result 2025
-€55,817
lowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€51,211
Investment
-€17,951
Financing
-€30,384
Cash 2024
€1,117
From operations (derived)
+€51,211
Net result for the year
-€55,817
Depreciation
+€26,809
Receivables within one year
+€10,661
Deferred charges and accrued income
-€1,038
Trade debts
-€26,401
Tax, wage and social debts
-€11,887
Other debts
+€108,413
Accrued charges and deferred income
+€473
Investment (derived)
-€17,951
Investment in fixed assets (net)
-€17,951
Financing
-€30,384
Debts after one year
-€30,863
Current portion of long-term debt
+€750
Short-term financial debts
-€270
Cash 2025
€3,994
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €508,222 | €492,618 | -€15,604 | -3.1% |
| Fixed assets | 21/28 | €487,937 | €479,080 | -€8,857 | -1.8% |
| Tangible fixed assets | 22/27 | €487,937 | €479,080 | -€8,857 | -1.8% |
| Land and buildings | 22 | - | €429,417 | +€429,417 | |
| Plant, machinery and equipment | 23 | €9,366 | €6,568 | -€2,798 | -29.9% |
| Furniture and vehicles | 24 | €56,484 | €43,095 | -€13,389 | -23.7% |
| Assets under construction and advance payments | 27 | €422,087 | - | -€422,087 | |
| Current assets | 29/58 | €20,285 | €13,538 | -€6,747 | -33.3% |
| Amounts receivable within one year | 40/41 | €19,167 | €8,507 | -€10,661 | -55.6% |
| Trade receivables | 40 | €5,310 | - | -€5,310 | |
| Other amounts receivable | 41 | €13,857 | €8,507 | -€5,350 | -38.6% |
| Cash at bank and in hand | 54/58 | €1,117 | €3,994 | +€2,876 | +257% |
| Deferred charges and accrued income | 490/1 | - | €1,038 | +€1,038 | |
| Total equity and liabilities | 10/49 | €508,222 | €492,618 | -€15,604 | -3.1% |
| Equity | 10/15 | €13,163 | -€42,654 | -€55,817 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,163 | -€47,654 | -€55,817 | |
| Amounts payable | 17/49 | €495,059 | €535,272 | +€40,213 | +8.1% |
| Amounts payable after more than one year | 17 | €163,309 | €132,446 | -€30,863 | -18.9% |
| Financial debts | 170/4 | €163,309 | €132,446 | -€30,863 | -18.9% |
| Amounts payable within one year | 42/48 | €331,750 | €402,353 | +€70,603 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €30,113 | €30,863 | +€750 | +2.5% |
| Financial debts | 43 | €270 | - | -€270 | |
| Credit institutions | 430/8 | €270 | - | -€270 | |
| Trade debts | 44 | €38,789 | €12,387 | -€26,401 | -68.1% |
| Suppliers | 440/4 | €38,789 | €12,387 | -€26,401 | -68.1% |
| Taxes, remuneration and social security | 45 | €12,312 | €424 | -€11,887 | -96.6% |
| Taxes | 450/3 | €12,312 | €424 | -€11,887 | -96.6% |
| Other amounts payable | 47/48 | €250,265 | €358,678 | +€108,413 | +43.3% |
| Accrued charges and deferred income | 492/3 | - | €473 | +€473 | |
| Non-recurring operating income | 76A | - | €357 | +€357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,211 | €26,809 | +€15,598 | +139% |
| Other operating charges | 640/8 | €3,395 | €4,402 | +€1,007 | +29.7% |
| Non-recurring operating charges | 66A | €37,037 | €837 | -€36,200 | -97.7% |
| Gross operating margin | 9900 | €49,981 | -€17,165 | -€67,147 | |
| Operating profit (loss) | 9901 | -€1,661 | -€49,213 | -€47,552 | -2,863% |
| Financial income | 75/76B | €1,286 | €236 | -€1,050 | -81.7% |
| Recurring financial income | 75 | €1,286 | €236 | -€1,050 | -81.7% |
| Financial charges | 65/66B | €4,817 | €6,744 | +€1,927 | +40.0% |
| Recurring financial charges | 65 | €4,817 | €6,744 | +€1,927 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,193 | -€55,722 | -€50,529 | -973% |
| Income taxes | 67/77 | €61 | €95 | +€34 | +54.9% |
| Profit (loss) for the period | 9904 | -€5,254 | -€55,817 | -€50,563 | -962% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,254 | -€55,817 | -€50,563 | -962% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.