NICKINVEST: what changed
What changed
NICKINVEST
filed annual accounts (NBB)
Net result for the year
€26,275
2024 · €27,623-€1,347
Equity
€223,996
2024 · €197,721+€26,275
Cash
€170,072
2024 · €56,347+€113,726
Balance sheet total
€1.3m
2024 · €1.3m-€10,580
Largest movements
Assets
- Cash +€113,726
up €113,726 (+202%), from €56,347 to €170,072
mainly Current investments (+€80,000) and Depreciation (+€68,483)
- Current investments -€80,000
no longer reported in 2025 (was €80,000)
- Tangible fixed assets -€48,438
down €48,438 (-4.2%), from €1.1m to €1.1m
of which Land and buildings: -€47,747
Equity and liabilities
- Debts after one year -€30,664
down €30,664 (-45.4%), from €67,504 to €36,841
- Reserves +€26,275
up €26,275 (+14.7%), from €179,121 to €205,396
Income statement
- Gross operating margin +€2,506
up €2,506 (+2.1%), from €122,041 to €124,547
- Financial income -€2,249
down €2,249 (-85.4%), from €2,633 to €384
- Depreciation +€1,264
up €1,264 (+1.9%), from €67,219 to €68,483
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
€27,623
Gross operating margin
+€2,506
Depreciation
-€1,264
Other operating charges
-€790
Financial income
-€2,249
Financial charges
-€191
Taxes
+€640
Result 2025
€26,275
raises the resultlowers the result
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
+€83,615
Investment
+€59,955
Financing
-€29,844
Cash 2024
€56,347
From operations (derived)
+€83,615
Net result for the year
+€26,275
Depreciation
+€68,483
Receivables within one year
-€6,274
Deferred charges and accrued income
+€2,141
Trade debts
+€3,999
Tax, wage and social debts
-€821
Other debts
-€10,189
Investment (derived)
+€59,955
Investment in fixed assets (net)
-€20,045
Current investments
+€80,000
Financing
-€29,844
Debts after one year
-€30,664
Current portion of long-term debt
+€820
Cash 2025
€170,072
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,288,994 | €1,278,415 | -€10,580 | -0.8% |
| Fixed assets | 21/28 | €1,148,019 | €1,099,582 | -€48,438 | -4.2% |
| Tangible fixed assets | 22/27 | €1,148,019 | €1,099,582 | -€48,438 | -4.2% |
| Land and buildings | 22 | €1,147,184 | €1,099,437 | -€47,747 | -4.2% |
| Plant, machinery and equipment | 23 | €383 | €97 | -€286 | -74.6% |
| Furniture and vehicles | 24 | €453 | €48 | -€405 | -89.5% |
| Current assets | 29/58 | €140,975 | €178,833 | +€37,858 | +26.9% |
| Amounts receivable within one year | 40/41 | - | €6,274 | +€6,274 | |
| Trade receivables | 40 | - | €5,064 | +€5,064 | |
| Other amounts receivable | 41 | - | €1,210 | +€1,210 | |
| Current investments | 50/53 | €80,000 | - | -€80,000 | |
| Cash at bank and in hand | 54/58 | €56,347 | €170,072 | +€113,726 | +202% |
| Deferred charges and accrued income | 490/1 | €4,628 | €2,487 | -€2,141 | -46.3% |
| Total equity and liabilities | 10/49 | €1,288,994 | €1,278,415 | -€10,580 | -0.8% |
| Equity | 10/15 | €197,721 | €223,996 | +€26,275 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,121 | €205,396 | +€26,275 | +14.7% |
| Distributable reserves | 133 | €179,121 | €205,396 | +€26,275 | +14.7% |
| Amounts payable | 17/49 | €1,091,273 | €1,054,418 | -€36,855 | -3.4% |
| Amounts payable after more than one year | 17 | €67,504 | €36,841 | -€30,664 | -45.4% |
| Financial debts | 170/4 | €67,504 | €36,841 | -€30,664 | -45.4% |
| Amounts payable within one year | 42/48 | €1,023,768 | €1,017,577 | -€6,191 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €29,844 | €30,664 | +€820 | +2.7% |
| Trade debts | 44 | €491 | €4,491 | +€3,999 | +814% |
| Suppliers | 440/4 | €491 | €4,491 | +€3,999 | +814% |
| Taxes, remuneration and social security | 45 | €821 | - | -€821 | |
| Taxes | 450/3 | €821 | - | -€821 | |
| Other amounts payable | 47/48 | €992,612 | €982,423 | -€10,189 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,219 | €68,483 | +€1,264 | +1.9% |
| Other operating charges | 640/8 | €13,693 | €14,483 | +€790 | +5.8% |
| Gross operating margin | 9900 | €122,041 | €124,547 | +€2,506 | +2.1% |
| Operating profit (loss) | 9901 | €41,129 | €41,581 | +€452 | +1.1% |
| Financial income | 75/76B | €2,633 | €384 | -€2,249 | -85.4% |
| Recurring financial income | 75 | €2,633 | €384 | -€2,249 | -85.4% |
| Financial charges | 65/66B | €3,208 | €3,399 | +€191 | +5.9% |
| Recurring financial charges | 65 | €3,208 | €2,419 | -€789 | -24.6% |
| Non-recurring financial charges | 66B | - | €980 | +€980 | |
| Profit (loss) for the period before taxes | 9903 | €40,554 | €38,567 | -€1,987 | -4.9% |
| Income taxes | 67/77 | €12,931 | €12,291 | -€640 | -4.9% |
| Profit (loss) for the period | 9904 | €27,623 | €26,275 | -€1,347 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,623 | €26,275 | -€1,347 | -4.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.