NICO-DU-WEB: 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-DU-WEB
Largest movements
- Tangible fixed assets -€319,470
down €319,470 (-6.6%), from €4.9m to €4.6m
- Cash +€64,289
up €64,289 (+56.5%), from €113,749 to €178,038
mainly Depreciation (+€319,470) and Net result for the year (+€87,967)
- Debts after one year -€389,062
down €389,062 (-14.8%), from €2.6m to €2.2m
- Reserves +€87,900
up €87,900 (+6.0%), from €1.5m to €1.6m
- Gross operating margin +€146,116
up €146,116 (+36.5%), from €399,796 to €545,912
- Taxes +€30,597
up €30,597 (+18,595%), from €165 to €30,761
- Other operating charges +€21,350
up €21,350 (+366%), from €5,826 to €27,176
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 | €5,036,334 | €4,748,067 | -€288,267 | -5.7% |
| Fixed assets | 21/28 | €4,877,075 | €4,557,605 | -€319,470 | -6.6% |
| Tangible fixed assets | 22/27 | €4,876,870 | €4,557,400 | -€319,470 | -6.6% |
| Land and buildings | 22 | €3,123,530 | €2,985,479 | -€138,051 | -4.4% |
| Plant, machinery and equipment | 23 | €181,201 | €141,498 | -€39,704 | -21.9% |
| Other tangible fixed assets | 26 | €1,572,139 | €1,430,424 | -€141,715 | -9.0% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €159,259 | €190,462 | +€31,203 | +19.6% |
| Stocks and contracts in progress | 3 | - | €589 | +€589 | |
| Stocks | 30/36 | - | €589 | +€589 | |
| Amounts receivable within one year | 40/41 | €45,510 | €11,834 | -€33,675 | -74.0% |
| Trade receivables | 40 | €45,510 | €11,834 | -€33,675 | -74.0% |
| Cash at bank and in hand | 54/58 | €113,749 | €178,038 | +€64,289 | +56.5% |
| Total equity and liabilities | 10/49 | €5,036,334 | €4,748,067 | -€288,267 | -5.7% |
| Equity | 10/15 | €1,741,617 | €1,829,584 | +€87,967 | +5.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,469,882 | €1,557,782 | +€87,900 | +6.0% |
| Distributable reserves | 133 | €1,469,882 | €1,557,782 | +€87,900 | +6.0% |
| Profit (loss) carried forward | 14 | €256,736 | €256,803 | +€67 | 0.0% |
| Amounts payable | 17/49 | €3,294,717 | €2,918,482 | -€376,234 | -11.4% |
| Amounts payable after more than one year | 17 | €2,632,702 | €2,243,640 | -€389,062 | -14.8% |
| Financial debts | 170/4 | €2,632,702 | €2,243,640 | -€389,062 | -14.8% |
| Amounts payable within one year | 42/48 | €662,014 | €674,842 | +€12,828 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €385,349 | €389,062 | +€3,713 | +1.0% |
| Trade debts | 44 | €5,748 | €10,642 | +€4,895 | +85.2% |
| Suppliers | 440/4 | €5,748 | €10,642 | +€4,895 | +85.2% |
| Taxes, remuneration and social security | 45 | €49,004 | €49,551 | +€547 | +1.1% |
| Taxes | 450/3 | €42,304 | €45,648 | +€3,343 | +7.9% |
| Remuneration and social security | 454/9 | €6,700 | €3,903 | -€2,797 | -41.7% |
| Other amounts payable | 47/48 | €221,913 | €225,587 | +€3,674 | +1.7% |
| Remuneration, social security and pensions | 62 | €48,656 | €47,990 | -€666 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320,243 | €319,470 | -€773 | -0.2% |
| Other operating charges | 640/8 | €5,826 | €27,176 | +€21,350 | +366% |
| Gross operating margin | 9900 | €399,796 | €545,912 | +€146,116 | +36.5% |
| Operating profit (loss) | 9901 | €25,070 | €151,276 | +€126,206 | +503% |
| Financial income | 75/76B | - | €3,128 | +€3,128 | |
| Recurring financial income | 75 | - | €3,128 | +€3,128 | |
| Financial charges | 65/66B | €35,380 | €35,676 | +€296 | +0.8% |
| Recurring financial charges | 65 | €35,380 | €35,676 | +€296 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,310 | €118,728 | +€129,038 | |
| Income taxes | 67/77 | €165 | €30,761 | +€30,597 | +18,595% |
| Profit (loss) for the period | 9904 | -€10,474 | €87,967 | +€98,441 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,474 | €87,967 | +€98,441 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.