NICMAT: what changed
NICMAT
Largest movements
- Tangible fixed assets -€20,511
down €20,511 (-40.2%), from €50,972 to €30,461
of which Furniture and vehicles: -€14,553
- Cash -€1,972
down €1,972 (-16.1%), from €12,238 to €10,266
mainly Trade debts (-€12,337) and Debts after one year (-€9,490)
- Receivables within one year -€1,191
down €1,191 (-2.4%), from €49,235 to €48,044
of which Other amounts receivable: -€1,921
- Trade debts -€12,337
down €12,337 (-89.8%), from €13,738 to €1,401
- Debts after one year -€9,490
down €9,490 (-29.0%), from €32,765 to €23,275
- Other debts -€9,451
down €9,451 (-45.9%), from €20,605 to €11,154
- Profit (loss) carried forward +€6,647
up €6,647 (+67.7%), from €9,822 to €16,469
- Tax, wage and social debts +€1,599
up €1,599 (+30.9%), from €5,177 to €6,776
of which Remuneration and social security: +€4,000
- Gross operating margin -€3,335
down €3,335 (-8.8%), from €37,892 to €34,557
- Depreciation +€1,450
up €1,450 (+6.3%), from €23,019 to €24,469
- Financial charges -€1,154
down €1,154, from €1,057 to -€97
- Taxes -€594
down €594 (-17.6%), from €3,370 to €2,776
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 | €112,520 | €89,631 | -€22,889 | -20.3% |
| Fixed assets | 21/28 | €51,046 | €30,536 | -€20,511 | -40.2% |
| Tangible fixed assets | 22/27 | €50,972 | €30,461 | -€20,511 | -40.2% |
| Plant, machinery and equipment | 23 | €10,100 | €4,143 | -€5,957 | -59.0% |
| Furniture and vehicles | 24 | €40,872 | €26,318 | -€14,553 | -35.6% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €61,474 | €59,095 | -€2,379 | -3.9% |
| Amounts receivable within one year | 40/41 | €49,235 | €48,044 | -€1,191 | -2.4% |
| Trade receivables | 40 | €46,918 | €47,648 | +€730 | +1.6% |
| Other amounts receivable | 41 | €2,317 | €396 | -€1,921 | -82.9% |
| Cash at bank and in hand | 54/58 | €12,238 | €10,266 | -€1,972 | -16.1% |
| Deferred charges and accrued income | 490/1 | - | €785 | +€785 | |
| Total equity and liabilities | 10/49 | €112,520 | €89,631 | -€22,889 | -20.3% |
| Equity | 10/15 | €31,613 | €38,259 | +€6,647 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,191 | €3,191 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,191 | €3,191 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €90 | €90 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,822 | €16,469 | +€6,647 | +67.7% |
| Amounts payable | 17/49 | €80,907 | €51,371 | -€29,536 | -36.5% |
| Amounts payable after more than one year | 17 | €32,765 | €23,275 | -€9,490 | -29.0% |
| Financial debts | 170/4 | €32,765 | €23,275 | -€9,490 | -29.0% |
| Amounts payable within one year | 42/48 | €48,142 | €28,096 | -€20,046 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €8,622 | €8,766 | +€144 | +1.7% |
| Trade debts | 44 | €13,738 | €1,401 | -€12,337 | -89.8% |
| Suppliers | 440/4 | €13,738 | €1,401 | -€12,337 | -89.8% |
| Taxes, remuneration and social security | 45 | €5,177 | €6,776 | +€1,599 | +30.9% |
| Taxes | 450/3 | €5,177 | €2,776 | -€2,401 | -46.4% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €20,605 | €11,154 | -€9,451 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,019 | €24,469 | +€1,450 | +6.3% |
| Other operating charges | 640/8 | €627 | €762 | +€135 | +21.6% |
| Gross operating margin | 9900 | €37,892 | €34,557 | -€3,335 | -8.8% |
| Operating profit (loss) | 9901 | €14,246 | €9,326 | -€4,920 | -34.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,057 | -€97 | -€1,154 | |
| Recurring financial charges | 65 | €1,057 | -€97 | -€1,154 | |
| Profit (loss) for the period before taxes | 9903 | €13,192 | €9,423 | -€3,769 | -28.6% |
| Income taxes | 67/77 | €3,370 | €2,776 | -€594 | -17.6% |
| Profit (loss) for the period | 9904 | €9,822 | €6,647 | -€3,175 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,822 | €6,647 | -€3,175 | -32.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.