NiCo Advisors: 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.
NiCo Advisors
Largest movements
- Receivables within one year -€16,316
down €16,316 (-92.8%), from €17,576 to €1,260
of which Trade receivables: -€17,472
- Cash -€7,981
down €7,981 (-33.0%), from €24,197 to €16,216
mainly Tax, wage and social debts (-€18,927) and Trade debts (-€5,155)
- Tangible fixed assets -€2,826
down €2,826 (-20.7%), from €13,629 to €10,803
- Deferred charges and accrued income -€1,213
down €1,213 (-46.9%), from €2,587 to €1,374
- Tax, wage and social debts -€18,927
no longer reported in 2025 (was €18,927)
of which Remuneration and social security: -€10,000
- Trade debts -€5,155
down €5,155 (-86.0%), from €5,992 to €837
- Profit (loss) carried forward -€3,862
down €3,862 (-78.7%), from -€4,910 to -€8,772
- Gross operating margin +€5,186
up €5,186, from -€2,744 to €2,442
- Depreciation +€2,323
up €2,323 (+462%), from €503 to €2,826
- Financial charges +€1,432
up €1,432 (+332%), from €431 to €1,863
- Other operating charges +€413
up €413 (+33.5%), from €1,232 to €1,645
- Financial income +€30
new in 2025: €30
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 | €57,989 | €29,653 | -€28,336 | -48.9% |
| Fixed assets | 21/28 | €13,629 | €10,803 | -€2,826 | -20.7% |
| Tangible fixed assets | 22/27 | €13,629 | €10,803 | -€2,826 | -20.7% |
| Plant, machinery and equipment | 23 | €13,629 | €10,803 | -€2,826 | -20.7% |
| Current assets | 29/58 | €44,360 | €18,850 | -€25,510 | -57.5% |
| Amounts receivable within one year | 40/41 | €17,576 | €1,260 | -€16,316 | -92.8% |
| Trade receivables | 40 | €17,472 | - | -€17,472 | |
| Other amounts receivable | 41 | €104 | €1,260 | +€1,156 | +1,112% |
| Cash at bank and in hand | 54/58 | €24,197 | €16,216 | -€7,981 | -33.0% |
| Deferred charges and accrued income | 490/1 | €2,587 | €1,374 | -€1,213 | -46.9% |
| Total equity and liabilities | 10/49 | €57,989 | €29,653 | -€28,336 | -48.9% |
| Equity | 10/15 | -€2,910 | -€6,772 | -€3,862 | -133% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,910 | -€8,772 | -€3,862 | -78.7% |
| Amounts payable | 17/49 | €60,899 | €36,425 | -€24,474 | -40.2% |
| Amounts payable within one year | 42/48 | €60,899 | €36,425 | -€24,474 | -40.2% |
| Trade debts | 44 | €5,992 | €837 | -€5,155 | -86.0% |
| Suppliers | 440/4 | €5,992 | €837 | -€5,155 | -86.0% |
| Taxes, remuneration and social security | 45 | €18,927 | - | -€18,927 | |
| Taxes | 450/3 | €8,927 | - | -€8,927 | |
| Remuneration and social security | 454/9 | €10,000 | - | -€10,000 | |
| Other amounts payable | 47/48 | €35,980 | €35,588 | -€392 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503 | €2,826 | +€2,323 | +462% |
| Other operating charges | 640/8 | €1,232 | €1,645 | +€413 | +33.5% |
| Gross operating margin | 9900 | -€2,744 | €2,442 | +€5,186 | |
| Operating profit (loss) | 9901 | -€4,479 | -€2,029 | +€2,450 | +54.7% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €431 | €1,863 | +€1,432 | +332% |
| Recurring financial charges | 65 | €431 | €1,863 | +€1,432 | +332% |
| Profit (loss) for the period before taxes | 9903 | -€4,910 | -€3,862 | +€1,048 | +21.3% |
| Profit (loss) for the period | 9904 | -€4,910 | -€3,862 | +€1,048 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,910 | -€3,862 | +€1,048 | +21.3% |
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 23 October 2026 via checked.be.