NICO-LAS: 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-LAS
Largest movements
- Stocks and contracts +€9,678
up €9,678 (+13.3%), from €72,603 to €82,281
- Trade debts +€32,114
up €32,114 (+23.3%), from €137,813 to €169,927
- Other debts +€15,412
up €15,412 (+40.0%), from €38,551 to €53,963
- Reserves -€13,413
down €13,413 (-9.1%), from €147,680 to €134,267
of which Distributable reserves: -€13,413
- Tax, wage and social debts -€12,021
down €12,021 (-76.2%), from €15,779 to €3,758
of which Taxes: -€12,072
- Debts after one year -€8,659
down €8,659 (-2.3%), from €372,789 to €364,130
- Gross operating margin -€11,114
down €11,114 (-11.6%), from €95,717 to €84,603
- Financial charges +€10,294
up €10,294 (+60.0%), from €17,165 to €27,459
- Financial income +€3,619
up €3,619 (+633%), from €572 to €4,191
of which Non-recurring financial income: +€4,159
- Taxes -€2,808
down €2,808 (-29.5%), from €9,529 to €6,721
- Depreciation +€1,683
up €1,683 (+5.2%), from €32,172 to €33,854
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 | €804,700 | €815,525 | +€10,825 | +1.3% |
| Fixed assets | 21/28 | €495,084 | €495,952 | +€868 | +0.2% |
| Tangible fixed assets | 22/27 | €495,084 | €495,952 | +€868 | +0.2% |
| Land and buildings | 22 | €441,880 | €422,050 | -€19,830 | -4.5% |
| Plant, machinery and equipment | 23 | €9,873 | €5,856 | -€4,017 | -40.7% |
| Furniture and vehicles | 24 | €43,330 | €68,045 | +€24,715 | +57.0% |
| Current assets | 29/58 | €309,616 | €319,573 | +€9,957 | +3.2% |
| Stocks and contracts in progress | 3 | €72,603 | €82,281 | +€9,678 | +13.3% |
| Stocks | 30/36 | €72,603 | €82,281 | +€9,678 | +13.3% |
| Amounts receivable within one year | 40/41 | €169,669 | €171,704 | +€2,035 | +1.2% |
| Trade receivables | 40 | €150,804 | €150,185 | -€619 | -0.4% |
| Other amounts receivable | 41 | €18,865 | €21,519 | +€2,654 | +14.1% |
| Cash at bank and in hand | 54/58 | €65,069 | €65,588 | +€520 | +0.8% |
| Deferred charges and accrued income | 490/1 | €2,276 | - | -€2,276 | |
| Total equity and liabilities | 10/49 | €804,700 | €815,525 | +€10,825 | +1.3% |
| Equity | 10/15 | €160,080 | €146,667 | -€13,413 | -8.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €147,680 | €134,267 | -€13,413 | -9.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €145,820 | €132,407 | -€13,413 | -9.2% |
| Amounts payable | 17/49 | €644,620 | €668,858 | +€24,238 | +3.8% |
| Amounts payable after more than one year | 17 | €372,789 | €364,130 | -€8,659 | -2.3% |
| Financial debts | 170/4 | €372,789 | €364,130 | -€8,659 | -2.3% |
| Amounts payable within one year | 42/48 | €270,507 | €304,728 | +€34,221 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €38,363 | €42,079 | +€3,716 | +9.7% |
| Financial debts | 43 | €40,000 | €35,000 | -€5,000 | -12.5% |
| Other loans | 439 | €40,000 | €35,000 | -€5,000 | -12.5% |
| Trade debts | 44 | €137,813 | €169,927 | +€32,114 | +23.3% |
| Suppliers | 440/4 | €137,813 | €169,927 | +€32,114 | +23.3% |
| Taxes, remuneration and social security | 45 | €15,779 | €3,758 | -€12,021 | -76.2% |
| Taxes | 450/3 | €13,668 | €1,597 | -€12,072 | -88.3% |
| Remuneration and social security | 454/9 | €2,111 | €2,162 | +€51 | +2.4% |
| Other amounts payable | 47/48 | €38,551 | €53,963 | +€15,412 | +40.0% |
| Accrued charges and deferred income | 492/3 | €1,324 | - | -€1,324 | |
| Non-recurring operating income | 76A | - | €312 | +€312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,172 | €33,854 | +€1,683 | +5.2% |
| Other operating charges | 640/8 | €804 | €450 | -€354 | -44.0% |
| Gross operating margin | 9900 | €95,717 | €84,603 | -€11,114 | -11.6% |
| Operating profit (loss) | 9901 | €62,741 | €50,299 | -€12,443 | -19.8% |
| Financial income | 75/76B | €572 | €4,191 | +€3,619 | +633% |
| Recurring financial income | 75 | €572 | €32 | -€539 | -94.3% |
| Non-recurring financial income | 76B | - | €4,159 | +€4,159 | |
| Financial charges | 65/66B | €17,165 | €27,459 | +€10,294 | +60.0% |
| Recurring financial charges | 65 | €17,165 | €27,459 | +€10,294 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €46,148 | €27,030 | -€19,117 | -41.4% |
| Income taxes | 67/77 | €9,529 | €6,721 | -€2,808 | -29.5% |
| Profit (loss) for the period | 9904 | €36,618 | €20,309 | -€16,309 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,618 | €20,309 | -€16,309 | -44.5% |
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 14 October 2026 via checked.be.