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
- Receivables within one year +€37,818
up €37,818 (+31.2%), from €121,089 to €158,906
of which Trade receivables: +€47,000
- Tangible fixed assets +€26,068
up €26,068 (+14.3%), from €182,787 to €208,856
- Receivables after one year -€9,926
down €9,926 (-15.9%), from €62,280 to €52,355
- Cash +€8,563
up €8,563 (+11.1%), from €77,348 to €85,911
mainly Net result for the year (+€34,845) and Trade debts (+€13,907)
- Deferred charges and accrued income -€8,171
down €8,171 (-66.9%), from €12,212 to €4,041
- Profit (loss) carried forward +€34,845
up €34,845 (+5.6%), from -€623,937 to -€589,092
- Trade debts +€13,907
up €13,907 (+1,474%), from €943 to €14,850
- Accrued charges and deferred income +€5,600
new in 2025: €5,600
- Depreciation +€2,528
up €2,528 (+43.0%), from €5,875 to €8,404
- Gross operating margin +€1,176
up €1,176 (+2.6%), from €44,714 to €45,890
- Financial charges +€540
up €540 (+692%), from €78 to €618
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 | €455,717 | €510,069 | +€54,352 | +11.9% |
| Fixed assets | 21/28 | €182,787 | €208,856 | +€26,068 | +14.3% |
| Tangible fixed assets | 22/27 | €182,787 | €208,856 | +€26,068 | +14.3% |
| Land and buildings | 22 | €182,787 | €208,856 | +€26,068 | +14.3% |
| Current assets | 29/58 | €272,929 | €301,213 | +€28,284 | +10.4% |
| Amounts receivable after more than one year | 29 | €62,280 | €52,355 | -€9,926 | -15.9% |
| Other amounts receivable | 291 | €62,280 | €52,355 | -€9,926 | -15.9% |
| Amounts receivable within one year | 40/41 | €121,089 | €158,906 | +€37,818 | +31.2% |
| Trade receivables | 40 | €106,000 | €153,000 | +€47,000 | +44.3% |
| Other amounts receivable | 41 | €15,089 | €5,906 | -€9,182 | -60.9% |
| Cash at bank and in hand | 54/58 | €77,348 | €85,911 | +€8,563 | +11.1% |
| Deferred charges and accrued income | 490/1 | €12,212 | €4,041 | -€8,171 | -66.9% |
| Total equity and liabilities | 10/49 | €455,717 | €510,069 | +€54,352 | +11.9% |
| Equity | 10/15 | €451,912 | €486,757 | +€34,845 | +7.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €75,849 | €75,849 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,849 | €75,849 | = | 0.0% |
| Legal reserve | 130 | €75,849 | €75,849 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€623,937 | -€589,092 | +€34,845 | +5.6% |
| Amounts payable | 17/49 | €3,805 | €23,311 | +€19,507 | +513% |
| Amounts payable within one year | 42/48 | €3,805 | €17,711 | +€13,907 | +366% |
| Trade debts | 44 | €943 | €14,850 | +€13,907 | +1,474% |
| Suppliers | 440/4 | €943 | €14,850 | +€13,907 | +1,474% |
| Other amounts payable | 47/48 | €2,861 | €2,861 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €5,600 | +€5,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,875 | €8,404 | +€2,528 | +43.0% |
| Other operating charges | 640/8 | €2,164 | €2,477 | +€313 | +14.5% |
| Gross operating margin | 9900 | €44,714 | €45,890 | +€1,176 | +2.6% |
| Operating profit (loss) | 9901 | €36,674 | €35,009 | -€1,665 | -4.5% |
| Financial income | 75/76B | €608 | €582 | -€25 | -4.2% |
| Recurring financial income | 75 | €608 | €582 | -€25 | -4.2% |
| Financial charges | 65/66B | €78 | €618 | +€540 | +692% |
| Recurring financial charges | 65 | €78 | €618 | +€540 | +692% |
| Profit (loss) for the period before taxes | 9903 | €37,204 | €34,973 | -€2,231 | -6.0% |
| Income taxes | 67/77 | €182 | €128 | -€54 | -29.6% |
| Profit (loss) for the period | 9904 | €37,022 | €34,845 | -€2,177 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,022 | €34,845 | -€2,177 | -5.9% |
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 16 October 2026 via checked.be.