NICO EN KATRIEN: 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 EN KATRIEN
Largest movements
- Receivables after one year +€318,342
up €318,342 (+43.6%), from €730,687 to €1.0m
- Tangible fixed assets -€106,443
down €106,443 (-7.3%), from €1.5m to €1.4m
of which Land and buildings: -€82,439
- Receivables within one year +€78,141
up €78,141 (+594%), from €13,159 to €91,300
of which Other amounts receivable: +€87,038
- Cash -€65,121
down €65,121 (-13.1%), from €497,417 to €432,296
mainly Receivables after one year (-€318,342) and Receivables within one year (-€78,141)
- Reserves +€252,133
up €252,133 (+18.2%), from €1.4m to €1.6m
- Debts after one year -€60,000
down €60,000 (-37.5%), from €160,000 to €100,000
- Tax, wage and social debts +€55,965
up €55,965 (+127%), from €43,924 to €99,889
of which Taxes: +€50,716
- Gross operating margin +€142,018
up €142,018 (+20.7%), from €686,871 to €828,889
- Taxes +€47,666
up €47,666 (+72.1%), from €66,073 to €113,739
- Depreciation -€41,475
down €41,475 (-21.7%), from €191,332 to €149,856
- Staff costs +€32,649
up €32,649 (+12.4%), from €262,633 to €295,283
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 | €2,747,008 | €2,976,726 | +€229,718 | +8.4% |
| Fixed assets | 21/28 | €1,462,270 | €1,355,827 | -€106,443 | -7.3% |
| Tangible fixed assets | 22/27 | €1,462,270 | €1,355,827 | -€106,443 | -7.3% |
| Land and buildings | 22 | €1,388,131 | €1,305,692 | -€82,439 | -5.9% |
| Plant, machinery and equipment | 23 | €57,625 | €46,850 | -€10,775 | -18.7% |
| Furniture and vehicles | 24 | €16,514 | €3,285 | -€13,229 | -80.1% |
| Current assets | 29/58 | €1,284,738 | €1,620,899 | +€336,161 | +26.2% |
| Amounts receivable after more than one year | 29 | €730,687 | €1,049,030 | +€318,342 | +43.6% |
| Other amounts receivable | 291 | €730,687 | €1,049,030 | +€318,342 | +43.6% |
| Stocks and contracts in progress | 3 | €32,076 | €30,728 | -€1,347 | -4.2% |
| Stocks | 30/36 | €32,076 | €30,728 | -€1,347 | -4.2% |
| Amounts receivable within one year | 40/41 | €13,159 | €91,300 | +€78,141 | +594% |
| Trade receivables | 40 | €10,316 | €1,420 | -€8,896 | -86.2% |
| Other amounts receivable | 41 | €2,843 | €89,881 | +€87,038 | +3,062% |
| Cash at bank and in hand | 54/58 | €497,417 | €432,296 | -€65,121 | -13.1% |
| Deferred charges and accrued income | 490/1 | €11,399 | €17,544 | +€6,146 | +53.9% |
| Total equity and liabilities | 10/49 | €2,747,008 | €2,976,726 | +€229,718 | +8.4% |
| Equity | 10/15 | €2,370,304 | €2,622,437 | +€252,133 | +10.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,384,458 | €1,636,591 | +€252,133 | +18.2% |
| Distributable reserves | 133 | €1,384,458 | €1,636,591 | +€252,133 | +18.2% |
| Profit (loss) carried forward | 14 | €967,296 | €967,296 | = | 0.0% |
| Amounts payable | 17/49 | €376,704 | €354,289 | -€22,415 | -6.0% |
| Amounts payable after more than one year | 17 | €160,000 | €100,000 | -€60,000 | -37.5% |
| Financial debts | 170/4 | €160,000 | €100,000 | -€60,000 | -37.5% |
| Amounts payable within one year | 42/48 | €214,326 | €251,631 | +€37,306 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €89,119 | €88,360 | -€760 | -0.9% |
| Suppliers | 440/4 | €89,119 | €88,360 | -€760 | -0.9% |
| Advances received on contracts in progress | 46 | €4,415 | €3,382 | -€1,032 | -23.4% |
| Taxes, remuneration and social security | 45 | €43,924 | €99,889 | +€55,965 | +127% |
| Taxes | 450/3 | €4,528 | €55,243 | +€50,716 | +1,120% |
| Remuneration and social security | 454/9 | €39,396 | €44,646 | +€5,250 | +13.3% |
| Other amounts payable | 47/48 | €16,867 | €0 | -€16,867 | -100% |
| Accrued charges and deferred income | 492/3 | €2,378 | €2,657 | +€279 | +11.7% |
| Remuneration, social security and pensions | 62 | €262,633 | €295,283 | +€32,649 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,332 | €149,856 | -€41,475 | -21.7% |
| Other operating charges | 640/8 | €9,576 | €9,334 | -€242 | -2.5% |
| Gross operating margin | 9900 | €686,871 | €828,889 | +€142,018 | +20.7% |
| Operating profit (loss) | 9901 | €223,330 | €374,416 | +€151,087 | +67.7% |
| Financial income | 75/76B | €9,581 | €2,181 | -€7,401 | -77.2% |
| Recurring financial income | 75 | €9,581 | €2,181 | -€7,401 | -77.2% |
| Financial charges | 65/66B | €14,543 | €10,725 | -€3,818 | -26.3% |
| Recurring financial charges | 65 | €14,543 | €10,725 | -€3,818 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €218,368 | €365,872 | +€147,504 | +67.5% |
| Income taxes | 67/77 | €66,073 | €113,739 | +€47,666 | +72.1% |
| Profit (loss) for the period | 9904 | €152,295 | €252,133 | +€99,838 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €152,295 | €252,133 | +€99,838 | +65.6% |
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 29 October 2026 via checked.be.