NICO LABS: 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 LABS
Largest movements
- Tangible fixed assets +€129,483
up €129,483 (+4,941%), from €2,620 to €132,104
- Receivables within one year -€58,556
down €58,556 (-77.4%), from €75,608 to €17,053
of which Trade receivables: -€58,342
- Cash -€47,611
down €47,611 (-96.4%), from €49,412 to €1,800
mainly Investment in fixed assets (net) (-€156,097) and Current investments (-€4,200)
- Current investments +€4,200
up €4,200 (+92.3%), from €4,550 to €8,750
- Other debts +€27,279
up €27,279 (+116%), from €23,534 to €50,813
- Depreciation +€24,544
up €24,544 (+1,186%), from €2,070 to €26,614
- Gross operating margin -€16,390
down €16,390 (-32.2%), from €50,958 to €34,568
- Taxes -€10,251
down €10,251 (-90.8%), from €11,285 to €1,034
- Financial income -€7,349
down €7,349 (-100.0%), from €7,350 to €1
- Financial charges +€3,747
up €3,747 (+316%), from €1,185 to €4,932
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 | €132,211 | €159,751 | +€27,541 | +20.8% |
| Fixed assets | 21/28 | €2,620 | €132,104 | +€129,483 | +4,941% |
| Tangible fixed assets | 22/27 | €2,620 | €132,104 | +€129,483 | +4,941% |
| Furniture and vehicles | 24 | €2,620 | €132,104 | +€129,483 | +4,941% |
| Current assets | 29/58 | €129,590 | €27,647 | -€101,943 | -78.7% |
| Amounts receivable within one year | 40/41 | €75,608 | €17,053 | -€58,556 | -77.4% |
| Trade receivables | 40 | €74,778 | €16,436 | -€58,342 | -78.0% |
| Other amounts receivable | 41 | €830 | €616 | -€214 | -25.7% |
| Current investments | 50/53 | €4,550 | €8,750 | +€4,200 | +92.3% |
| Cash at bank and in hand | 54/58 | €49,412 | €1,800 | -€47,611 | -96.4% |
| Deferred charges and accrued income | 490/1 | €20 | €44 | +€24 | +122% |
| Total equity and liabilities | 10/49 | €132,211 | €159,751 | +€27,541 | +20.8% |
| Equity | 10/15 | €91,252 | €91,881 | +€629 | +0.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €88,252 | €88,881 | +€629 | +0.7% |
| Distributable reserves | 133 | €88,252 | €88,881 | +€629 | +0.7% |
| Amounts payable | 17/49 | €40,959 | €67,870 | +€26,911 | +65.7% |
| Amounts payable within one year | 42/48 | €40,959 | €67,870 | +€26,911 | +65.7% |
| Financial debts | 43 | €408 | - | -€408 | |
| Credit institutions | 430/8 | €408 | - | -€408 | |
| Trade debts | 44 | €2,727 | €2,741 | +€13 | +0.5% |
| Suppliers | 440/4 | €2,727 | €2,741 | +€13 | +0.5% |
| Taxes, remuneration and social security | 45 | €14,289 | €14,316 | +€27 | +0.2% |
| Taxes | 450/3 | €12,339 | €12,386 | +€46 | +0.4% |
| Remuneration and social security | 454/9 | €1,950 | €1,930 | -€20 | -1.0% |
| Other amounts payable | 47/48 | €23,534 | €50,813 | +€27,279 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,070 | €26,614 | +€24,544 | +1,186% |
| Other operating charges | 640/8 | €502 | €1,360 | +€858 | +171% |
| Gross operating margin | 9900 | €50,958 | €34,568 | -€16,390 | -32.2% |
| Operating profit (loss) | 9901 | €48,386 | €6,594 | -€41,792 | -86.4% |
| Financial income | 75/76B | €7,350 | €1 | -€7,349 | -100.0% |
| Recurring financial income | 75 | €7,350 | €1 | -€7,349 | -100.0% |
| Financial charges | 65/66B | €1,185 | €4,932 | +€3,747 | +316% |
| Recurring financial charges | 65 | €1,185 | €4,932 | +€3,747 | +316% |
| Profit (loss) for the period before taxes | 9903 | €54,552 | €1,663 | -€52,888 | -97.0% |
| Income taxes | 67/77 | €11,285 | €1,034 | -€10,251 | -90.8% |
| Profit (loss) for the period | 9904 | €43,266 | €629 | -€42,637 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,266 | €629 | -€42,637 | -98.5% |
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 13 October 2026 via checked.be.