NICO BOSCH: 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 BOSCH
Largest movements
- Receivables within one year -€26,755
down €26,755 (-17.7%), from €151,015 to €124,260
of which Other amounts receivable: -€17,293
- Tangible fixed assets +€16,479
up €16,479 (+110%), from €14,947 to €31,426
of which Furniture and vehicles: +€18,107
- Cash +€5,855
up €5,855 (+465%), from €1,260 to €7,115
mainly Debts after one year (+€41,968) and Receivables within one year (+€26,755)
- Stocks and contracts -€3,511
down €3,511 (-100%), from €3,511 to €0
- Short-term financial debts -€48,622
down €48,622 (-100%), from €48,622 to €0
- Debts after one year +€41,968
up €41,968, from €0 to €41,968
- Other debts -€25,506
down €25,506 (-100%), from €25,506 to €0
- Reserves +€13,094
up €13,094 (+20.2%), from €64,821 to €77,914
- Current portion of long-term debt +€7,649
up €7,649 (+293%), from €2,611 to €10,261
- Gross operating margin +€25,671
up €25,671 (+40.0%), from €64,220 to €89,892
- Staff costs +€9,697
up €9,697 (+20.4%), from €47,625 to €57,322
- Taxes +€4,571
up €4,571 (+394%), from €1,161 to €5,733
- Other operating charges +€1,182
up €1,182 (+39.9%), from €2,966 to €4,149
- Financial charges -€1,154
down €1,154 (-21.2%), from €5,453 to €4,299
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 | €170,733 | €162,800 | -€7,933 | -4.6% |
| Fixed assets | 21/28 | €14,947 | €31,426 | +€16,479 | +110% |
| Tangible fixed assets | 22/27 | €14,947 | €31,426 | +€16,479 | +110% |
| Plant, machinery and equipment | 23 | €2,438 | €809 | -€1,629 | -66.8% |
| Furniture and vehicles | 24 | €12,509 | €30,617 | +€18,107 | +145% |
| Current assets | 29/58 | €155,786 | €131,374 | -€24,411 | -15.7% |
| Stocks and contracts in progress | 3 | €3,511 | €0 | -€3,511 | -100% |
| Contracts in progress | 37 | €3,511 | €0 | -€3,511 | -100% |
| Amounts receivable within one year | 40/41 | €151,015 | €124,260 | -€26,755 | -17.7% |
| Trade receivables | 40 | €23,635 | €14,173 | -€9,462 | -40.0% |
| Other amounts receivable | 41 | €127,380 | €110,087 | -€17,293 | -13.6% |
| Cash at bank and in hand | 54/58 | €1,260 | €7,115 | +€5,855 | +465% |
| Total equity and liabilities | 10/49 | €170,733 | €162,800 | -€7,933 | -4.6% |
| Equity | 10/15 | €84,821 | €97,914 | +€13,094 | +15.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €64,821 | €77,914 | +€13,094 | +20.2% |
| Distributable reserves | 133 | €64,821 | €77,914 | +€13,094 | +20.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,912 | €64,886 | -€21,026 | -24.5% |
| Amounts payable after more than one year | 17 | €0 | €41,968 | +€41,968 | |
| Financial debts | 170/4 | €0 | €41,968 | +€41,968 | |
| Amounts payable within one year | 42/48 | €85,912 | €22,919 | -€62,994 | -73.3% |
| Current portion of amounts payable after more than one year | 42 | €2,611 | €10,261 | +€7,649 | +293% |
| Financial debts | 43 | €48,622 | €0 | -€48,622 | -100% |
| Credit institutions | 430/8 | €48,622 | €0 | -€48,622 | -100% |
| Trade debts | 44 | €6,371 | €6,589 | +€218 | +3.4% |
| Suppliers | 440/4 | €6,371 | €6,589 | +€218 | +3.4% |
| Taxes, remuneration and social security | 45 | €2,802 | €6,069 | +€3,267 | +117% |
| Taxes | 450/3 | €1,493 | €4,711 | +€3,218 | +216% |
| Remuneration and social security | 454/9 | €1,309 | €1,358 | +€49 | +3.7% |
| Other amounts payable | 47/48 | €25,506 | €0 | -€25,506 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €47,625 | €57,322 | +€9,697 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,147 | €11,106 | -€41 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,966 | €4,149 | +€1,182 | +39.9% |
| Gross operating margin | 9900 | €64,220 | €89,892 | +€25,671 | +40.0% |
| Operating profit (loss) | 9901 | €2,482 | €17,315 | +€14,833 | +598% |
| Financial income | 75/76B | €6,421 | €5,811 | -€611 | -9.5% |
| Recurring financial income | 75 | €6,421 | €5,811 | -€611 | -9.5% |
| Financial charges | 65/66B | €5,453 | €4,299 | -€1,154 | -21.2% |
| Recurring financial charges | 65 | €5,453 | €4,299 | -€1,154 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €3,450 | €18,826 | +€15,376 | +446% |
| Income taxes | 67/77 | €1,161 | €5,733 | +€4,571 | +394% |
| Profit (loss) for the period | 9904 | €2,289 | €13,094 | +€10,805 | +472% |
| Profit (loss) for the period to be appropriated | 9905 | €2,289 | €13,094 | +€10,805 | +472% |
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 27 October 2026 via checked.be.