NICLAU: 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.
NICLAU
Largest movements
- Receivables within one year -€168,055
down €168,055 (-71.9%), from €233,819 to €65,764
of which Other amounts receivable: -€177,856
- Tangible fixed assets -€3,723
down €3,723 (-13.2%), from €28,235 to €24,512
of which Furniture and vehicles: -€4,464
- Deferred charges and accrued income -€3,686
down €3,686 (-10.9%), from €33,754 to €30,067
- Reserves -€146,068
down €146,068 (-80.3%), from €181,908 to €35,841
- Profit (loss) carried forward +€31,206
no longer reported in 2025 (was -€31,206)
- Other debts -€26,194
down €26,194 (-60.9%), from €43,000 to €16,806
- Tax, wage and social debts -€12,979
down €12,979 (-72.2%), from €17,978 to €4,999
of which Remuneration and social security: -€13,202
- Trade debts -€10,609
down €10,609 (-38.2%), from €27,796 to €17,187
- Staff costs -€100,871
down €100,871 (-72.5%), from €139,147 to €38,276
- Gross operating margin -€59,932
down €59,932 (-39.7%), from €151,111 to €91,179
- Depreciation -€11,086
down €11,086 (-57.0%), from €19,448 to €8,362
- Taxes -€2,636
down €2,636 (-58.5%), from €4,505 to €1,869
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 | €299,017 | €124,852 | -€174,165 | -58.2% |
| Fixed assets | 21/28 | €29,300 | €25,577 | -€3,723 | -12.7% |
| Tangible fixed assets | 22/27 | €28,235 | €24,512 | -€3,723 | -13.2% |
| Plant, machinery and equipment | 23 | €2,540 | €4,524 | +€1,984 | +78.1% |
| Furniture and vehicles | 24 | €19,754 | €15,290 | -€4,464 | -22.6% |
| Other tangible fixed assets | 26 | €5,941 | €4,698 | -€1,243 | -20.9% |
| Financial fixed assets | 28 | €1,064 | €1,064 | = | 0.0% |
| Current assets | 29/58 | €269,717 | €99,275 | -€170,442 | -63.2% |
| Stocks and contracts in progress | 3 | €2,138 | €3,437 | +€1,299 | +60.8% |
| Stocks | 30/36 | €2,138 | €3,437 | +€1,299 | +60.8% |
| Amounts receivable within one year | 40/41 | €233,819 | €65,764 | -€168,055 | -71.9% |
| Trade receivables | 40 | €19,543 | €29,344 | +€9,801 | +50.2% |
| Other amounts receivable | 41 | €214,276 | €36,420 | -€177,856 | -83.0% |
| Cash at bank and in hand | 54/58 | €7 | €7 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €33,754 | €30,067 | -€3,686 | -10.9% |
| Total equity and liabilities | 10/49 | €299,017 | €124,852 | -€174,165 | -58.2% |
| Equity | 10/15 | €156,902 | €42,041 | -€114,862 | -73.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €181,908 | €35,841 | -€146,068 | -80.3% |
| Distributable reserves | 133 | €181,908 | €35,841 | -€146,068 | -80.3% |
| Profit (loss) carried forward | 14 | -€31,206 | - | +€31,206 | |
| Amounts payable | 17/49 | €142,115 | €82,811 | -€59,303 | -41.7% |
| Amounts payable within one year | 42/48 | €142,115 | €82,811 | -€59,303 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €7,357 | €7,323 | -€34 | -0.5% |
| Financial debts | 43 | €45,983 | €36,496 | -€9,487 | -20.6% |
| Credit institutions | 430/8 | €45,983 | €36,496 | -€9,487 | -20.6% |
| Trade debts | 44 | €27,796 | €17,187 | -€10,609 | -38.2% |
| Suppliers | 440/4 | €27,796 | €17,187 | -€10,609 | -38.2% |
| Taxes, remuneration and social security | 45 | €17,978 | €4,999 | -€12,979 | -72.2% |
| Taxes | 450/3 | €2,176 | €2,399 | +€224 | +10.3% |
| Remuneration and social security | 454/9 | €15,802 | €2,600 | -€13,202 | -83.5% |
| Other amounts payable | 47/48 | €43,000 | €16,806 | -€26,194 | -60.9% |
| Non-recurring operating income | 76A | €5,771 | - | -€5,771 | |
| Remuneration, social security and pensions | 62 | €139,147 | €38,276 | -€100,871 | -72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,448 | €8,362 | -€11,086 | -57.0% |
| Other operating charges | 640/8 | €2,627 | €2,275 | -€352 | -13.4% |
| Gross operating margin | 9900 | €151,111 | €91,179 | -€59,932 | -39.7% |
| Operating profit (loss) | 9901 | -€10,111 | €42,266 | +€52,376 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €6,292 | €5,259 | -€1,033 | -16.4% |
| Recurring financial charges | 65 | €6,292 | €5,259 | -€1,033 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,403 | €37,007 | +€53,410 | |
| Income taxes | 67/77 | €4,505 | €1,869 | -€2,636 | -58.5% |
| Profit (loss) for the period | 9904 | -€20,908 | €35,138 | +€56,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,908 | €35,138 | +€56,046 |
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 22 October 2026 via checked.be.