NICO IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€21,936
down €21,936 (-4.2%), from €523,464 to €501,528
of which Land and buildings: -€21,613
- Other debts -€12,903
down €12,903 (-39.7%), from €32,471 to €19,569
- Reserves -€6,138
down €6,138 (-1.8%), from €333,952 to €327,814
of which Tax-exempt reserves: -€12,898
- Gross operating margin -€575
down €575 (-2.9%), from €20,163 to €19,588
- Taxes -€298
down €298 (-8.1%), from €3,682 to €3,383
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 | €528,709 | €507,792 | -€20,917 | -4.0% |
| Fixed assets | 21/28 | €523,464 | €501,528 | -€21,936 | -4.2% |
| Tangible fixed assets | 22/27 | €523,464 | €501,528 | -€21,936 | -4.2% |
| Land and buildings | 22 | €522,982 | €501,369 | -€21,613 | -4.1% |
| Furniture and vehicles | 24 | €482 | €159 | -€323 | -67.0% |
| Current assets | 29/58 | €5,245 | €6,263 | +€1,019 | +19.4% |
| Cash at bank and in hand | 54/58 | €4,975 | €6,011 | +€1,037 | +20.8% |
| Deferred charges and accrued income | 490/1 | €270 | €252 | -€18 | -6.6% |
| Total equity and liabilities | 10/49 | €528,709 | €507,792 | -€20,917 | -4.0% |
| Equity | 10/15 | €378,939 | €372,801 | -€6,138 | -1.6% |
| Contributions | 10/11 | €31,200 | €31,200 | = | 0.0% |
| Reserves | 13 | €333,952 | €327,814 | -€6,138 | -1.8% |
| Tax-exempt reserves | 132 | €326,761 | €313,863 | -€12,898 | -3.9% |
| Distributable reserves | 133 | €7,190 | €13,951 | +€6,761 | +94.0% |
| Profit (loss) carried forward | 14 | €13,787 | €13,787 | = | 0.0% |
| Provisions and deferred taxes | 16 | €108,920 | €104,621 | -€4,299 | -3.9% |
| Deferred taxes | 168 | €108,920 | €104,621 | -€4,299 | -3.9% |
| Amounts payable | 17/49 | €40,850 | €30,370 | -€10,480 | -25.7% |
| Amounts payable within one year | 42/48 | €40,164 | €29,669 | -€10,495 | -26.1% |
| Trade debts | 44 | €2,028 | €3,035 | +€1,007 | +49.7% |
| Suppliers | 440/4 | €2,028 | €3,035 | +€1,007 | +49.7% |
| Taxes, remuneration and social security | 45 | €5,665 | €7,065 | +€1,400 | +24.7% |
| Taxes | 450/3 | €5,665 | €7,065 | +€1,400 | +24.7% |
| Other amounts payable | 47/48 | €32,471 | €19,569 | -€12,903 | -39.7% |
| Accrued charges and deferred income | 492/3 | €686 | €701 | +€15 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,934 | €21,936 | +€2 | 0.0% |
| Other operating charges | 640/8 | €4,496 | €4,627 | +€131 | +2.9% |
| Gross operating margin | 9900 | €20,163 | €19,588 | -€575 | -2.9% |
| Operating profit (loss) | 9901 | -€6,267 | -€6,975 | -€709 | -11.3% |
| Financial charges | 65/66B | €59 | €79 | +€20 | +33.2% |
| Recurring financial charges | 65 | €59 | €79 | +€20 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,326 | -€7,054 | -€728 | -11.5% |
| Transfer from deferred taxes | 780 | €4,299 | €4,299 | = | 0.0% |
| Income taxes | 67/77 | €3,682 | €3,383 | -€298 | -8.1% |
| Profit (loss) for the period | 9904 | -€5,708 | -€6,138 | -€430 | -7.5% |
| Transfer from tax-exempt reserves | 789 | €12,898 | €12,898 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,190 | €6,761 | -€430 | -6.0% |
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 14 October 2026 via checked.be.