Nico SH: 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 SH
Largest movements
- Receivables within one year +€61,690
up €61,690 (+6873.7%), from €897 to €62,588
- Trade debts +€33,791
up €33,791 (+1105.9%), from €3,055 to €36,847
- Profit (loss) carried forward +€25,211
up €25,211, from -€10,213 to €14,999
- Tax, wage and social debts +€8,233
new in 2025: €8,233
- Other debts -€5,545
no longer reported in 2025 (was €5,545)
- Gross operating margin +€41,340
up €41,340, from -€6,551 to €34,789
- Write-downs +€1,990
new in 2025: €1,990
- Other operating charges +€621
new in 2025: €621
From the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €897 | €62,588 | +€61,690 | +6873.7% |
| Fixed assets | 21/28 | - | €0 | = | |
| Intangible fixed assets | 21 | - | €0 | = | |
| Current assets | 29/58 | €897 | €62,588 | +€61,690 | +6873.7% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €897 | €62,588 | +€61,690 | +6873.7% |
| Other amounts receivable | 41 | €897 | €62,588 | +€61,690 | +6873.7% |
| Total equity and liabilities | 10/49 | €897 | €62,588 | +€61,690 | +6873.7% |
| Equity | 10/15 | -€7,713 | €17,499 | +€25,211 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,213 | €14,999 | +€25,211 | |
| Amounts payable | 17/49 | €8,610 | €45,089 | +€36,479 | +423.7% |
| Amounts payable within one year | 42/48 | €8,610 | €45,089 | +€36,479 | +423.7% |
| Financial debts | 43 | €9 | €10 | +€0 | +0.5% |
| Credit institutions | 430/8 | €9 | €10 | +€0 | +0.5% |
| Trade debts | 44 | €3,055 | €36,847 | +€33,791 | +1105.9% |
| Suppliers | 440/4 | €3,055 | €36,847 | +€33,791 | +1105.9% |
| Taxes, remuneration and social security | 45 | - | €8,233 | +€8,233 | |
| Taxes | 450/3 | - | €8,233 | +€8,233 | |
| Other amounts payable | 47/48 | €5,545 | - | -€5,545 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €0 | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,990 | +€1,990 | |
| Other operating charges | 640/8 | - | €621 | +€621 | |
| Non-recurring operating charges | 66A | - | €36,000 | +€36,000 | |
| Gross operating margin | 9900 | -€6,551 | €34,789 | +€41,340 | |
| Operating profit (loss) | 9901 | -€6,551 | -€3,822 | +€2,729 | +41.7% |
| Financial charges | 65/66B | €320 | €11 | -€310 | -96.7% |
| Recurring financial charges | 65 | €320 | €11 | -€310 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,871 | -€3,833 | +€3,039 | +44.2% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€6,871 | -€3,833 | +€3,039 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,871 | -€3,833 | +€3,039 | +44.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.