NICO CLAEYS: what changed
What changed
NICO CLAEYS
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€53,139
2024 · €30,213+€22,925
Equity
€148,901
2024 · €127,622+€21,279
Cash
€97,906
2024 · €52,166+€45,740
Balance sheet total
€178,566
2024 · €160,403+€18,163
Largest movements
Assets
- Cash +€45,740
up €45,740 (+87.7%), from €52,166 to €97,906
mainly Net result for the year (+€53,139) and Receivables within one year (+€19,820)
- Receivables within one year -€19,820
down €19,820 (-46.0%), from €43,081 to €23,261
of which Trade receivables: -€15,707
- Tangible fixed assets -€7,425
down €7,425 (-23.5%), from €31,621 to €24,196
of which Furniture and vehicles: -€4,310
Equity and liabilities
- Reserves +€21,279
up €21,279 (+20.4%), from €104,193 to €125,472
- Trade debts -€5,454
down €5,454 (-25.9%), from €21,037 to €15,583
- Tax, wage and social debts +€3,794
up €3,794 (+69.3%), from €5,477 to €9,271
Income statement
- Gross operating margin +€39,845
up €39,845 (+83.0%), from €48,014 to €87,860
- Taxes +€16,401
up €16,401 (+157%), from €10,435 to €26,836
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.
Result 2024
€30,213
Gross operating margin
+€39,845
Depreciation
+€75
Other operating charges
-€79
Financial income
-€73
Financial charges
+€361
Taxes
-€16,401
Deferred taxes and other
-€803
Result 2025
€53,139
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€78,763
Investment
€0
Financing
-€33,023
Cash 2024
€52,166
From operations (derived)
+€78,763
Net result for the year
+€53,139
Depreciation
+€7,425
Receivables within one year
+€19,820
Deferred charges and accrued income
+€331
Trade debts
-€5,454
Tax, wage and social debts
+€3,794
Other debts
-€293
Financing
-€33,023
Current portion of long-term debt
-€1,163
Contributions, distributions and other
-€31,860
Cash 2025
€97,906
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,403 | €178,566 | +€18,163 | +11.3% |
| Fixed assets | 21/28 | €31,621 | €24,196 | -€7,425 | -23.5% |
| Tangible fixed assets | 22/27 | €31,621 | €24,196 | -€7,425 | -23.5% |
| Land and buildings | 22 | €26,165 | €23,174 | -€2,991 | -11.4% |
| Plant, machinery and equipment | 23 | €516 | €392 | -€124 | -24.1% |
| Furniture and vehicles | 24 | €4,940 | €630 | -€4,310 | -87.3% |
| Current assets | 29/58 | €128,782 | €154,370 | +€25,589 | +19.9% |
| Amounts receivable after more than one year | 29 | €32,735 | €32,735 | = | 0.0% |
| Other amounts receivable | 291 | €32,735 | €32,735 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,081 | €23,261 | -€19,820 | -46.0% |
| Trade receivables | 40 | €37,230 | €21,523 | -€15,707 | -42.2% |
| Other amounts receivable | 41 | €5,851 | €1,737 | -€4,113 | -70.3% |
| Cash at bank and in hand | 54/58 | €52,166 | €97,906 | +€45,740 | +87.7% |
| Deferred charges and accrued income | 490/1 | €800 | €469 | -€331 | -41.4% |
| Total equity and liabilities | 10/49 | €160,403 | €178,566 | +€18,163 | +11.3% |
| Equity | 10/15 | €127,622 | €148,901 | +€21,279 | +16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €104,193 | €125,472 | +€21,279 | +20.4% |
| Distributable reserves | 133 | €104,193 | €125,472 | +€21,279 | +20.4% |
| Profit (loss) carried forward | 14 | €17,229 | €17,229 | = | 0.0% |
| Amounts payable | 17/49 | €32,781 | €29,665 | -€3,116 | -9.5% |
| Amounts payable within one year | 42/48 | €32,781 | €29,665 | -€3,116 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €1,163 | - | -€1,163 | |
| Trade debts | 44 | €21,037 | €15,583 | -€5,454 | -25.9% |
| Suppliers | 440/4 | €21,037 | €15,583 | -€5,454 | -25.9% |
| Taxes, remuneration and social security | 45 | €5,477 | €9,271 | +€3,794 | +69.3% |
| Taxes | 450/3 | €5,477 | €9,271 | +€3,794 | +69.3% |
| Other amounts payable | 47/48 | €5,104 | €4,810 | -€293 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,500 | €7,425 | -€75 | -1.0% |
| Other operating charges | 640/8 | €928 | €1,007 | +€79 | +8.6% |
| Gross operating margin | 9900 | €48,014 | €87,860 | +€39,845 | +83.0% |
| Operating profit (loss) | 9901 | €39,586 | €79,427 | +€39,840 | +101% |
| Financial income | 75/76B | €1,095 | €1,022 | -€73 | -6.7% |
| Recurring financial income | 75 | €1,095 | €1,022 | -€73 | -6.7% |
| Financial charges | 65/66B | €836 | €474 | -€361 | -43.3% |
| Recurring financial charges | 65 | €836 | €474 | -€361 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €39,846 | €79,975 | +€40,129 | +101% |
| Transfer from deferred taxes | 780 | €803 | - | -€803 | |
| Income taxes | 67/77 | €10,435 | €26,836 | +€16,401 | +157% |
| Profit (loss) for the period | 9904 | €30,213 | €53,139 | +€22,925 | +75.9% |
| Transfer from tax-exempt reserves | 789 | €2,408 | - | -€2,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,622 | €53,139 | +€20,517 | +62.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.