NICLAY COMPANY: what changed
NICLAY COMPANY
Largest movements
- Cash +€39,710
up €39,710 (+133%), from €29,864 to €69,574
mainly Debts after one year (+€45,435) and Current portion of long-term debt (+€24,324)
- Receivables within one year +€12,682
up €12,682 (+134%), from €9,478 to €22,160
of which Other amounts receivable: +€10,010
- Tangible fixed assets -€4,290
down €4,290 (-71.6%), from €5,987 to €1,698
- Debts after one year +€45,435
new in 2025: €45,435
- Current portion of long-term debt +€24,324
new in 2025: €24,324
- Profit (loss) carried forward -€13,397
down €13,397 (-57.1%), from €23,443 to €10,046
- Tax, wage and social debts -€7,711
down €7,711 (-39.9%), from €19,318 to €11,607
of which Taxes: -€5,160
- Staff costs +€35,112
up €35,112 (+320%), from €10,987 to €46,099
- Gross operating margin -€6,256
down €6,256 (-14.8%), from €42,258 to €36,002
- Taxes -€5,861
no longer reported in 2025 (was €5,861)
- Financial charges +€1,619
up €1,619 (+810%), from €200 to €1,819
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,238 | €94,660 | +€48,422 | +105% |
| Fixed assets | 21/28 | €5,987 | €2,198 | -€3,790 | -63.3% |
| Tangible fixed assets | 22/27 | €5,987 | €1,698 | -€4,290 | -71.6% |
| Furniture and vehicles | 24 | €5,987 | €1,698 | -€4,290 | -71.6% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €40,251 | €92,462 | +€52,211 | +130% |
| Amounts receivable within one year | 40/41 | €9,478 | €22,160 | +€12,682 | +134% |
| Trade receivables | 40 | €9,478 | €12,150 | +€2,672 | +28.2% |
| Other amounts receivable | 41 | - | €10,010 | +€10,010 | |
| Cash at bank and in hand | 54/58 | €29,864 | €69,574 | +€39,710 | +133% |
| Deferred charges and accrued income | 490/1 | €909 | €728 | -€181 | -19.9% |
| Total equity and liabilities | 10/49 | €46,238 | €94,660 | +€48,422 | +105% |
| Equity | 10/15 | €26,443 | €13,046 | -€13,397 | -50.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,443 | €10,046 | -€13,397 | -57.1% |
| Amounts payable | 17/49 | €19,795 | €81,614 | +€61,819 | +312% |
| Amounts payable after more than one year | 17 | - | €45,435 | +€45,435 | |
| Financial debts | 170/4 | - | €45,435 | +€45,435 | |
| Amounts payable within one year | 42/48 | €19,795 | €36,179 | +€16,384 | +82.8% |
| Current portion of amounts payable after more than one year | 42 | - | €24,324 | +€24,324 | |
| Trade debts | 44 | €477 | €248 | -€229 | -48.1% |
| Suppliers | 440/4 | €477 | €248 | -€229 | -48.1% |
| Taxes, remuneration and social security | 45 | €19,318 | €11,607 | -€7,711 | -39.9% |
| Taxes | 450/3 | €15,204 | €10,044 | -€5,160 | -33.9% |
| Remuneration and social security | 454/9 | €4,114 | €1,563 | -€2,550 | -62.0% |
| Remuneration, social security and pensions | 62 | €10,987 | €46,099 | +€35,112 | +320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,213 | €1,133 | -€79 | -6.6% |
| Other operating charges | 640/8 | €555 | €348 | -€206 | -37.2% |
| Gross operating margin | 9900 | €42,258 | €36,002 | -€6,256 | -14.8% |
| Operating profit (loss) | 9901 | €29,504 | -€11,579 | -€41,082 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +4,400% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +4,400% |
| Financial charges | 65/66B | €200 | €1,819 | +€1,619 | +810% |
| Recurring financial charges | 65 | €200 | €1,819 | +€1,619 | +810% |
| Profit (loss) for the period before taxes | 9903 | €29,304 | -€13,397 | -€42,701 | |
| Income taxes | 67/77 | €5,861 | - | -€5,861 | |
| Profit (loss) for the period | 9904 | €23,443 | -€13,397 | -€36,840 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,443 | -€13,397 | -€36,840 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.