NICKEL IT: 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.
NICKEL IT
Largest movements
- Cash -€14,557
down €14,557 (-18.4%), from €79,047 to €64,491
mainly Contributions, distributions and other (-€34,000) and Current investments (-€10,000)
- Current investments +€10,000
up €10,000 (+14.3%), from €70,000 to €80,000
- Receivables within one year +€4,715
up €4,715 (+21.6%), from €21,818 to €26,533
of which Trade receivables: +€4,715
- Tangible fixed assets +€1,911
up €1,911 (+53.3%), from €3,584 to €5,495
of which Other tangible fixed assets: +€2,114
- Tax, wage and social debts -€4,716
down €4,716 (-33.4%), from €14,109 to €9,393
- Reserves +€3,000
up €3,000 (+2.5%), from €121,003 to €124,003
of which Distributable reserves: +€3,000
- Depreciation +€5,669
up €5,669 (+1,018%), from €557 to €6,226
- Gross operating margin -€4,617
down €4,617 (-7.1%), from €64,720 to €60,103
- Taxes -€2,662
down €2,662 (-13.1%), from €20,295 to €17,633
- Financial income +€1,700
new in 2025: €1,700
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.
Derived cash bridge
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 | €175,052 | €176,719 | +€1,667 | +1.0% |
| Fixed assets | 21/28 | €3,784 | €5,695 | +€1,911 | +50.5% |
| Tangible fixed assets | 22/27 | €3,584 | €5,495 | +€1,911 | +53.3% |
| Furniture and vehicles | 24 | €246 | €42 | -€203 | -82.8% |
| Other tangible fixed assets | 26 | €3,339 | €5,453 | +€2,114 | +63.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €171,267 | €171,024 | -€244 | -0.1% |
| Amounts receivable within one year | 40/41 | €21,818 | €26,533 | +€4,715 | +21.6% |
| Trade receivables | 40 | €21,818 | €26,533 | +€4,715 | +21.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €70,000 | €80,000 | +€10,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €79,047 | €64,491 | -€14,557 | -18.4% |
| Deferred charges and accrued income | 490/1 | €402 | - | -€402 | |
| Total equity and liabilities | 10/49 | €175,052 | €176,719 | +€1,667 | +1.0% |
| Equity | 10/15 | €127,432 | €130,918 | +€3,485 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,003 | €124,003 | +€3,000 | +2.5% |
| Tax-exempt reserves | 132 | €143 | €143 | = | 0.0% |
| Distributable reserves | 133 | €120,860 | €123,860 | +€3,000 | +2.5% |
| Profit (loss) carried forward | 14 | €229 | €715 | +€485 | +212% |
| Amounts payable | 17/49 | €47,619 | €45,801 | -€1,819 | -3.8% |
| Amounts payable within one year | 42/48 | €47,619 | €45,801 | -€1,819 | -3.8% |
| Trade debts | 44 | €67 | €1,673 | +€1,606 | +2,398% |
| Suppliers | 440/4 | €67 | €1,673 | +€1,606 | +2,398% |
| Taxes, remuneration and social security | 45 | €14,109 | €9,393 | -€4,716 | -33.4% |
| Taxes | 450/3 | €14,109 | €9,393 | -€4,716 | -33.4% |
| Other amounts payable | 47/48 | €33,443 | €34,735 | +€1,292 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €557 | €6,226 | +€5,669 | +1,018% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €64,720 | €60,103 | -€4,617 | -7.1% |
| Operating profit (loss) | 9901 | €63,776 | €53,477 | -€10,298 | -16.1% |
| Financial income | 75/76B | - | €1,700 | +€1,700 | |
| Recurring financial income | 75 | - | €1,700 | +€1,700 | |
| Financial charges | 65/66B | €95 | €59 | -€36 | -37.8% |
| Recurring financial charges | 65 | €95 | €59 | -€36 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €63,681 | €55,118 | -€8,562 | -13.4% |
| Income taxes | 67/77 | €20,295 | €17,633 | -€2,662 | -13.1% |
| Profit (loss) for the period | 9904 | €43,386 | €37,485 | -€5,900 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,386 | €37,485 | -€5,900 | -13.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.