Nickolas: 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.
Nickolas
Largest movements
- Deferred charges and accrued income +€19,010
up €19,010 (+1333.6%), from €1,425 to €20,435
- Cash +€10,361
up €10,361 (+28.6%), from €36,174 to €46,534
mainly Net result for the year (+€43,726) and Depreciation (+€5,019)
- Tangible fixed assets -€7,912
down €7,912 (-20.4%), from €38,773 to €30,861
of which Furniture and vehicles: -€6,353
- Receivables within one year -€2,505
down €2,505 (-24.6%), from €10,176 to €7,671
of which Trade receivables: -€2,081
- Reserves +€43,726
up €43,726 (+98.1%), from €44,583 to €88,309
- Debts after one year -€30,306
down €30,306 (-100.0%), from €30,306 to €0
- Tax, wage and social debts +€3,591
up €3,591 (+64.3%), from €5,581 to €9,173
of which Remuneration and social security: +€2,235
- Other debts +€3,318
new in 2025: €3,318
- Accrued charges and deferred income -€2,117
down €2,117 (-75.3%), from €2,811 to €694
- Depreciation -€21,386
down €21,386 (-81.0%), from €26,405 to €5,019
- Taxes +€7,957
up €7,957 (+78.6%), from €10,130 to €18,087
- Gross operating margin +€6,054
up €6,054 (+9.5%), from €63,603 to €69,657
- Financial charges -€1,790
down €1,790 (-54.3%), from €3,298 to €1,508
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 | €86,798 | €105,751 | +€18,953 | +21.8% |
| Fixed assets | 21/28 | €39,023 | €31,111 | -€7,912 | -20.3% |
| Tangible fixed assets | 22/27 | €38,773 | €30,861 | -€7,912 | -20.4% |
| Plant, machinery and equipment | 23 | €3,996 | €2,644 | -€1,352 | -33.8% |
| Furniture and vehicles | 24 | €18,270 | €11,918 | -€6,353 | -34.8% |
| Leasing and similar rights | 25 | €16,506 | €16,299 | -€207 | -1.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €47,775 | €74,640 | +€26,865 | +56.2% |
| Amounts receivable within one year | 40/41 | €10,176 | €7,671 | -€2,505 | -24.6% |
| Trade receivables | 40 | €9,734 | €7,653 | -€2,081 | -21.4% |
| Other amounts receivable | 41 | €442 | €17 | -€424 | -96.1% |
| Cash at bank and in hand | 54/58 | €36,174 | €46,534 | +€10,361 | +28.6% |
| Deferred charges and accrued income | 490/1 | €1,425 | €20,435 | +€19,010 | +1333.6% |
| Total equity and liabilities | 10/49 | €86,798 | €105,751 | +€18,953 | +21.8% |
| Equity | 10/15 | €47,583 | €91,309 | +€43,726 | +91.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,583 | €88,309 | +€43,726 | +98.1% |
| Distributable reserves | 133 | €44,583 | €88,309 | +€43,726 | +98.1% |
| Amounts payable | 17/49 | €39,214 | €14,442 | -€24,773 | -63.2% |
| Amounts payable after more than one year | 17 | €30,306 | €0 | -€30,306 | -100.0% |
| Financial debts | 170/4 | €30,306 | €0 | -€30,306 | -100.0% |
| Amounts payable within one year | 42/48 | €6,097 | €13,748 | +€7,651 | +125.5% |
| Trade debts | 44 | €516 | €1,257 | +€741 | +143.6% |
| Suppliers | 440/4 | €516 | €1,257 | +€741 | +143.6% |
| Taxes, remuneration and social security | 45 | €5,581 | €9,173 | +€3,591 | +64.3% |
| Taxes | 450/3 | €5,581 | €6,938 | +€1,356 | +24.3% |
| Remuneration and social security | 454/9 | €0 | €2,235 | +€2,235 | |
| Other amounts payable | 47/48 | - | €3,318 | +€3,318 | |
| Accrued charges and deferred income | 492/3 | €2,811 | €694 | -€2,117 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,405 | €5,019 | -€21,386 | -81.0% |
| Other operating charges | 640/8 | €1,170 | €1,317 | +€147 | +12.5% |
| Gross operating margin | 9900 | €63,603 | €69,657 | +€6,054 | +9.5% |
| Operating profit (loss) | 9901 | €36,027 | €63,321 | +€27,294 | +75.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,298 | €1,508 | -€1,790 | -54.3% |
| Recurring financial charges | 65 | €3,298 | €1,508 | -€1,790 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €32,729 | €61,812 | +€29,084 | +88.9% |
| Income taxes | 67/77 | €10,130 | €18,087 | +€7,957 | +78.6% |
| Profit (loss) for the period | 9904 | €22,599 | €43,726 | +€21,126 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,599 | €43,726 | +€21,126 | +93.5% |
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 1 October 2026 via checked.be.