NICKY M.: 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.
NICKY M.
Largest movements
- Receivables within one year -€34,863
down €34,863 (-26.3%), from €132,723 to €97,860
- Stocks and contracts -€15,467
down €15,467 (-4.4%), from €352,190 to €336,723
- Tangible fixed assets -€13,994
down €13,994 (-40.9%), from €34,212 to €20,217
of which Land and buildings: -€11,977
- Tax, wage and social debts -€16,261
down €16,261 (-10.2%), from €159,928 to €143,667
of which Taxes: -€9,957
- Accrued charges and deferred income -€11,950
no longer reported in 2025 (was €11,950)
- Other debts -€11,449
down €11,449 (-14.8%), from €77,401 to €65,952
- Trade debts -€10,485
down €10,485 (-7.3%), from €144,323 to €133,838
- Debts after one year -€7,777
down €7,777 (-28.6%), from €27,159 to €19,382
- Gross operating margin -€10,318
down €10,318 (-29.7%), from €34,752 to €24,434
- Financial income +€10,030
up €10,030 (+246%), from €4,082 to €14,113
- Staff costs +€5,161
up €5,161 (+46.8%), from €11,022 to €16,183
- Taxes -€1,917
down €1,917 (-65.3%), from €2,936 to €1,019
- Financial charges -€1,603
down €1,603 (-20.2%), from €7,935 to €6,332
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 | €590,413 | €525,101 | -€65,313 | -11.1% |
| Fixed assets | 21/28 | €34,212 | €20,217 | -€13,994 | -40.9% |
| Tangible fixed assets | 22/27 | €34,212 | €20,217 | -€13,994 | -40.9% |
| Land and buildings | 22 | €29,450 | €17,473 | -€11,977 | -40.7% |
| Plant, machinery and equipment | 23 | €4,762 | €2,745 | -€2,017 | -42.4% |
| Current assets | 29/58 | €556,202 | €504,883 | -€51,318 | -9.2% |
| Stocks and contracts in progress | 3 | €352,190 | €336,723 | -€15,467 | -4.4% |
| Stocks | 30/36 | €352,190 | €336,723 | -€15,467 | -4.4% |
| Amounts receivable within one year | 40/41 | €132,723 | €97,860 | -€34,863 | -26.3% |
| Trade receivables | 40 | €132,723 | €97,860 | -€34,863 | -26.3% |
| Cash at bank and in hand | 54/58 | €71,288 | €70,300 | -€988 | -1.4% |
| Total equity and liabilities | 10/49 | €590,413 | €525,101 | -€65,313 | -11.1% |
| Equity | 10/15 | €154,284 | €154,486 | +€202 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,684 | €135,886 | +€202 | +0.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,553 | €9,553 | = | 0.0% |
| Distributable reserves | 133 | €124,271 | €124,473 | +€202 | +0.2% |
| Amounts payable | 17/49 | €436,129 | €370,615 | -€65,514 | -15.0% |
| Amounts payable after more than one year | 17 | €27,159 | €19,382 | -€7,777 | -28.6% |
| Financial debts | 170/4 | €27,159 | €19,382 | -€7,777 | -28.6% |
| Amounts payable within one year | 42/48 | €397,021 | €351,233 | -€45,788 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €15,369 | €7,777 | -€7,592 | -49.4% |
| Trade debts | 44 | €144,323 | €133,838 | -€10,485 | -7.3% |
| Suppliers | 440/4 | €144,323 | €133,838 | -€10,485 | -7.3% |
| Taxes, remuneration and social security | 45 | €159,928 | €143,667 | -€16,261 | -10.2% |
| Taxes | 450/3 | €152,938 | €142,981 | -€9,957 | -6.5% |
| Remuneration and social security | 454/9 | €6,990 | €686 | -€6,305 | -90.2% |
| Other amounts payable | 47/48 | €77,401 | €65,952 | -€11,449 | -14.8% |
| Accrued charges and deferred income | 492/3 | €11,950 | - | -€11,950 | |
| Remuneration, social security and pensions | 62 | €11,022 | €16,183 | +€5,161 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,863 | €13,994 | +€131 | +0.9% |
| Other operating charges | 640/8 | €1,156 | €817 | -€339 | -29.3% |
| Gross operating margin | 9900 | €34,752 | €24,434 | -€10,318 | -29.7% |
| Operating profit (loss) | 9901 | €8,710 | -€6,560 | -€15,271 | |
| Financial income | 75/76B | €4,082 | €14,113 | +€10,030 | +246% |
| Recurring financial income | 75 | €4,082 | €14,113 | +€10,030 | +246% |
| Financial charges | 65/66B | €7,935 | €6,332 | -€1,603 | -20.2% |
| Recurring financial charges | 65 | €7,935 | €6,332 | -€1,603 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €4,858 | €1,220 | -€3,637 | -74.9% |
| Income taxes | 67/77 | €2,936 | €1,019 | -€1,917 | -65.3% |
| Profit (loss) for the period | 9904 | €1,922 | €202 | -€1,720 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,922 | €202 | -€1,720 | -89.5% |
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 24 October 2026 via checked.be.