NICMAN: 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.
NICMAN
Largest movements
- Receivables within one year +€77,578
up €77,578 (+13.8%), from €563,118 to €640,696
of which Trade receivables: +€84,295
- Cash +€52,573
new in 2024: €52,573
mainly Other debts (+€132,415) and Net result for the year (+€44,613)
- Tangible fixed assets -€17,960
down €17,960 (-6.3%), from €283,235 to €265,275
of which Land and buildings: -€12,009
- Other debts +€132,415
up €132,415 (+71.0%), from €186,568 to €318,983
- Tax, wage and social debts -€51,124
no longer reported in 2024 (was €51,124)
- Profit (loss) carried forward +€44,613
up €44,613 (+12.6%), from -€353,210 to -€308,597
- Trade debts +€38,162
up €38,162 (+4.6%), from €836,027 to €874,189
- Short-term financial debts -€22,210
no longer reported in 2024 (was €22,210)
- Other operating charges -€34,758
down €34,758 (-79.0%), from €44,024 to €9,266
- Financial charges -€11,036
down €11,036 (-55.5%), from €19,895 to €8,858
- Depreciation -€2,351
down €2,351 (-15.5%), from €15,201 to €12,850
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €873,988 | €980,677 | +€106,689 | +12.2% |
| Fixed assets | 21/28 | €283,235 | €265,275 | -€17,960 | -6.3% |
| Tangible fixed assets | 22/27 | €283,235 | €265,275 | -€17,960 | -6.3% |
| Land and buildings | 22 | €277,284 | €265,275 | -€12,009 | -4.3% |
| Plant, machinery and equipment | 23 | €841 | - | -€841 | |
| Furniture and vehicles | 24 | €5,110 | - | -€5,110 | |
| Current assets | 29/58 | €590,753 | €715,403 | +€124,649 | +21.1% |
| Stocks and contracts in progress | 3 | €21,869 | €21,869 | = | 0.0% |
| Stocks | 30/36 | €21,869 | €21,869 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €563,118 | €640,696 | +€77,578 | +13.8% |
| Trade receivables | 40 | €299,614 | €383,909 | +€84,295 | +28.1% |
| Other amounts receivable | 41 | €263,503 | €256,786 | -€6,717 | -2.5% |
| Cash at bank and in hand | 54/58 | - | €52,573 | +€52,573 | |
| Deferred charges and accrued income | 490/1 | €5,767 | €265 | -€5,501 | -95.4% |
| Total equity and liabilities | 10/49 | €873,988 | €980,677 | +€106,689 | +12.2% |
| Equity | 10/15 | -€332,750 | -€288,137 | +€44,613 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€353,210 | -€308,597 | +€44,613 | +12.6% |
| Amounts payable | 17/49 | €1,206,739 | €1,268,814 | +€62,075 | +5.1% |
| Amounts payable after more than one year | 17 | €68,974 | €54,077 | -€14,897 | -21.6% |
| Financial debts | 170/4 | €68,974 | €54,077 | -€14,897 | -21.6% |
| Amounts payable within one year | 42/48 | €1,110,215 | €1,208,069 | +€97,854 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €14,286 | €14,897 | +€612 | +4.3% |
| Financial debts | 43 | €22,210 | - | -€22,210 | |
| Credit institutions | 430/8 | €22,210 | - | -€22,210 | |
| Trade debts | 44 | €836,027 | €874,189 | +€38,162 | +4.6% |
| Suppliers | 440/4 | €836,027 | €874,189 | +€38,162 | +4.6% |
| Taxes, remuneration and social security | 45 | €51,124 | - | -€51,124 | |
| Taxes | 450/3 | €51,124 | - | -€51,124 | |
| Other amounts payable | 47/48 | €186,568 | €318,983 | +€132,415 | +71.0% |
| Accrued charges and deferred income | 492/3 | €27,550 | €6,668 | -€20,882 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,201 | €12,850 | -€2,351 | -15.5% |
| Other operating charges | 640/8 | €44,024 | €9,266 | -€34,758 | -79.0% |
| Gross operating margin | 9900 | €75,792 | €75,589 | -€203 | -0.3% |
| Operating profit (loss) | 9901 | €16,567 | €53,472 | +€36,905 | +222.8% |
| Financial income | 75/76B | €377 | - | -€377 | |
| Recurring financial income | 75 | €377 | - | -€377 | |
| Financial charges | 65/66B | €19,895 | €8,858 | -€11,036 | -55.5% |
| Recurring financial charges | 65 | €19,895 | €8,858 | -€11,036 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,950 | €44,613 | +€47,564 | |
| Profit (loss) for the period | 9904 | -€2,950 | €44,613 | +€47,564 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,950 | €44,613 | +€47,564 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.