NICLE: 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.
NICLE
Largest movements
- Cash +€13,716
up €13,716 (+166%), from €8,242 to €21,957
mainly Net result for the year (+€19,145) and Depreciation (+€9,708)
- Receivables within one year +€5,125
up €5,125 (+13.6%), from €37,610 to €42,734
of which Trade receivables: +€6,970
- Tangible fixed assets +€2,792
up €2,792 (+16.3%), from €17,130 to €19,922
of which Furniture and vehicles: +€4,101
- Reserves +€11,145
up €11,145 (+23.6%), from €47,323 to €58,467
- Other debts +€7,600
up €7,600, from €0 to €7,600
- Tax, wage and social debts +€3,406
up €3,406 (+147%), from €2,318 to €5,724
of which Remuneration and social security: +€2,514
- Gross operating margin +€23,943
up €23,943 (+192%), from €12,449 to €36,392
- Taxes +€4,379
up €4,379 (+299%), from €1,467 to €5,845
- Depreciation +€3,280
up €3,280 (+51.0%), from €6,428 to €9,708
- Financial charges -€894
down €894 (-26.2%), from €3,409 to €2,515
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 | €70,659 | €92,422 | +€21,763 | +30.8% |
| Fixed assets | 21/28 | €17,130 | €19,922 | +€2,792 | +16.3% |
| Tangible fixed assets | 22/27 | €17,130 | €19,922 | +€2,792 | +16.3% |
| Land and buildings | 22 | €2,943 | €1,898 | -€1,045 | -35.5% |
| Plant, machinery and equipment | 23 | €553 | €860 | +€307 | +55.4% |
| Furniture and vehicles | 24 | €11,541 | €15,642 | +€4,101 | +35.5% |
| Other tangible fixed assets | 26 | €2,093 | €1,522 | -€571 | -27.3% |
| Current assets | 29/58 | €53,529 | €72,500 | +€18,971 | +35.4% |
| Stocks and contracts in progress | 3 | €7,678 | €7,678 | = | 0.0% |
| Stocks | 30/36 | €7,678 | €7,678 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,610 | €42,734 | +€5,125 | +13.6% |
| Trade receivables | 40 | €2,122 | €9,092 | +€6,970 | +328% |
| Other amounts receivable | 41 | €35,488 | €33,642 | -€1,845 | -5.2% |
| Cash at bank and in hand | 54/58 | €8,242 | €21,957 | +€13,716 | +166% |
| Deferred charges and accrued income | 490/1 | - | €131 | +€131 | |
| Total equity and liabilities | 10/49 | €70,659 | €92,422 | +€21,763 | +30.8% |
| Equity | 10/15 | €67,552 | €78,697 | +€11,145 | +16.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €47,323 | €58,467 | +€11,145 | +23.6% |
| Distributable reserves | 133 | €47,323 | €58,467 | +€11,145 | +23.6% |
| Profit (loss) carried forward | 14 | €7,830 | €7,830 | = | 0.0% |
| Amounts payable | 17/49 | €3,107 | €13,725 | +€10,619 | +342% |
| Amounts payable within one year | 42/48 | €3,107 | €13,725 | +€10,619 | +342% |
| Trade debts | 44 | €789 | €401 | -€388 | -49.2% |
| Suppliers | 440/4 | €789 | €401 | -€388 | -49.2% |
| Taxes, remuneration and social security | 45 | €2,318 | €5,724 | +€3,406 | +147% |
| Taxes | 450/3 | €2,318 | €3,210 | +€892 | +38.5% |
| Remuneration and social security | 454/9 | - | €2,514 | +€2,514 | |
| Other amounts payable | 47/48 | €0 | €7,600 | +€7,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,428 | €9,708 | +€3,280 | +51.0% |
| Other operating charges | 640/8 | €691 | €709 | +€18 | +2.6% |
| Gross operating margin | 9900 | €12,449 | €36,392 | +€23,943 | +192% |
| Operating profit (loss) | 9901 | €5,330 | €25,975 | +€20,646 | +387% |
| Financial income | 75/76B | €1,787 | €1,530 | -€257 | -14.4% |
| Recurring financial income | 75 | €1,787 | €1,530 | -€257 | -14.4% |
| Financial charges | 65/66B | €3,409 | €2,515 | -€894 | -26.2% |
| Recurring financial charges | 65 | €3,409 | €2,515 | -€894 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €3,707 | €24,990 | +€21,283 | +574% |
| Income taxes | 67/77 | €1,467 | €5,845 | +€4,379 | +299% |
| Profit (loss) for the period | 9904 | €2,240 | €19,145 | +€16,904 | +755% |
| Profit (loss) for the period to be appropriated | 9905 | €2,240 | €19,145 | +€16,904 | +755% |
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 14 October 2026 via checked.be.