NICKY SANTÉ: 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 SANTÉ
Largest movements
- Tangible fixed assets +€141,174
up €141,174 (+29,226%), from €483 to €141,657
of which Land and buildings: +€140,123
- Cash -€13,615
down €13,615 (-31.9%), from €42,676 to €29,061
mainly Investment in fixed assets (net) (-€165,066) and Receivables within one year (-€2,660)
- Receivables within one year +€2,660
new in 2025: €2,660
of which Other amounts receivable: +€1,552
- Debts after one year +€121,032
new in 2025: €121,032
- Current portion of long-term debt +€6,769
new in 2025: €6,769
- Other debts +€3,933
up €3,933 (+23.2%), from €16,934 to €20,867
- Trade debts -€1,881
no longer reported in 2025 (was €1,881)
- Depreciation +€21,898
up €21,898 (+1,098%), from €1,995 to €23,892
- Taxes -€4,576
down €4,576 (-69.3%), from €6,603 to €2,027
- Financial charges +€2,162
up €2,162 (+2,509%), from €86 to €2,248
- Gross operating margin +€1,803
up €1,803 (+6.6%), from €27,464 to €29,267
- Other operating charges +€615
up €615 (+265%), from €232 to €847
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 | €45,466 | €173,996 | +€128,529 | +283% |
| Fixed assets | 21/28 | €1,083 | €142,257 | +€141,174 | +13,035% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €483 | €141,657 | +€141,174 | +29,226% |
| Land and buildings | 22 | - | €140,123 | +€140,123 | |
| Plant, machinery and equipment | 23 | - | €1,272 | +€1,272 | |
| Furniture and vehicles | 24 | €483 | €262 | -€221 | -45.8% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €44,383 | €31,739 | -€12,644 | -28.5% |
| Amounts receivable within one year | 40/41 | - | €2,660 | +€2,660 | |
| Trade receivables | 40 | - | €1,107 | +€1,107 | |
| Other amounts receivable | 41 | - | €1,552 | +€1,552 | |
| Cash at bank and in hand | 54/58 | €42,676 | €29,061 | -€13,615 | -31.9% |
| Deferred charges and accrued income | 490/1 | €1,708 | €18 | -€1,689 | -98.9% |
| Total equity and liabilities | 10/49 | €45,466 | €173,996 | +€128,529 | +283% |
| Equity | 10/15 | €20,048 | €20,301 | +€253 | +1.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,548 | €18,801 | +€253 | +1.4% |
| Amounts payable | 17/49 | €25,418 | €153,694 | +€128,276 | +505% |
| Amounts payable after more than one year | 17 | - | €121,032 | +€121,032 | |
| Financial debts | 170/4 | - | €121,032 | +€121,032 | |
| Amounts payable within one year | 42/48 | €25,418 | €32,662 | +€7,244 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | - | €6,769 | +€6,769 | |
| Trade debts | 44 | €1,881 | - | -€1,881 | |
| Suppliers | 440/4 | €1,881 | - | -€1,881 | |
| Taxes, remuneration and social security | 45 | €6,603 | €5,027 | -€1,576 | -23.9% |
| Taxes | 450/3 | €6,603 | €5,027 | -€1,576 | -23.9% |
| Other amounts payable | 47/48 | €16,934 | €20,867 | +€3,933 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,995 | €23,892 | +€21,898 | +1,098% |
| Other operating charges | 640/8 | €232 | €847 | +€615 | +265% |
| Gross operating margin | 9900 | €27,464 | €29,267 | +€1,803 | +6.6% |
| Operating profit (loss) | 9901 | €25,237 | €4,528 | -€20,710 | -82.1% |
| Financial charges | 65/66B | €86 | €2,248 | +€2,162 | +2,509% |
| Recurring financial charges | 65 | €86 | €2,248 | +€2,162 | +2,509% |
| Profit (loss) for the period before taxes | 9903 | €25,151 | €2,280 | -€22,872 | -90.9% |
| Income taxes | 67/77 | €6,603 | €2,027 | -€4,576 | -69.3% |
| Profit (loss) for the period | 9904 | €18,548 | €253 | -€18,296 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,548 | €253 | -€18,296 | -98.6% |
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 17 October 2026 via checked.be.