NICO-LUC CONSTRUCT: what changed
Two fiscal 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-LUC CONSTRUCT
Largest movements
- Receivables within one year +€13,925
up €13,925 (+111.1%), from €12,533 to €26,458
of which Trade receivables: +€14,629
- Cash +€2,883
up €2,883 (+203.2%), from €1,419 to €4,302
mainly Trade debts (+€21,956) and Depreciation (+€1,337)
- Tangible fixed assets -€1,337
down €1,337 (-46.3%), from €2,891 to €1,554
of which Furniture and vehicles: -€1,102
- Trade debts +€21,956
up €21,956 (+1120.1%), from €1,960 to €23,916
- Accrued charges and deferred income -€5,210
no longer reported in 2025 (was €5,210)
- Profit (loss) carried forward -€1,858
down €1,858 (-40.5%), from €4,583 to €2,725
- Other debts +€582
up €582 (+640.4%), from €91 to €672
- Gross operating margin +€992
up €992, from -€317 to €675
- Financial charges +€313
up €313 (+104.3%), from €300 to €613
- Financial income -€21
no longer reported in 2025 (was €21)
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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.
Cash bridge derived
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 | €16,844 | €32,314 | +€15,470 | +91.8% |
| Fixed assets | 21/28 | €2,891 | €1,554 | -€1,337 | -46.3% |
| Tangible fixed assets | 22/27 | €2,891 | €1,554 | -€1,337 | -46.3% |
| Plant, machinery and equipment | 23 | €388 | €152 | -€236 | -60.8% |
| Furniture and vehicles | 24 | €2,504 | €1,402 | -€1,102 | -44.0% |
| Current assets | 29/58 | €13,952 | €30,760 | +€16,808 | +120.5% |
| Amounts receivable within one year | 40/41 | €12,533 | €26,458 | +€13,925 | +111.1% |
| Trade receivables | 40 | €10,832 | €25,461 | +€14,629 | +135.0% |
| Other amounts receivable | 41 | €1,701 | €997 | -€704 | -41.4% |
| Cash at bank and in hand | 54/58 | €1,419 | €4,302 | +€2,883 | +203.2% |
| Total equity and liabilities | 10/49 | €16,844 | €32,314 | +€15,470 | +91.8% |
| Equity | 10/15 | €9,583 | €7,725 | -€1,858 | -19.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,583 | €2,725 | -€1,858 | -40.5% |
| Amounts payable | 17/49 | €7,261 | €24,589 | +€17,328 | +238.6% |
| Amounts payable within one year | 42/48 | €2,051 | €24,589 | +€22,538 | +1098.9% |
| Trade debts | 44 | €1,960 | €23,916 | +€21,956 | +1120.1% |
| Suppliers | 440/4 | €1,960 | €23,916 | +€21,956 | +1120.1% |
| Other amounts payable | 47/48 | €91 | €672 | +€582 | +640.4% |
| Accrued charges and deferred income | 492/3 | €5,210 | - | -€5,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,337 | €1,337 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€317 | €675 | +€992 | |
| Operating profit (loss) | 9901 | -€2,042 | -€1,063 | +€980 | +48.0% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €300 | €613 | +€313 | +104.3% |
| Recurring financial charges | 65 | €300 | €613 | +€313 | +104.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,321 | -€1,675 | +€646 | +27.8% |
| Income taxes | 67/77 | €186 | €182 | -€3 | -1.8% |
| Profit (loss) for the period | 9904 | -€2,507 | -€1,858 | +€649 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,507 | -€1,858 | +€649 | +25.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.