NICO VANO: 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 VANO
Largest movements
- Cash -€8,163
down €8,163 (-26.9%), from €30,395 to €22,232
mainly Contributions, distributions and other (-€20,048) and Tax, wage and social debts (-€4,924)
- Other debts +€18,015
up €18,015 (+31.5%), from €57,230 to €75,245
- Reserves -€16,078
down €16,078 (-39.5%), from €40,722 to €24,644
- Tax, wage and social debts -€4,924
down €4,924 (-100%), from €4,924 to €0
- Debts after one year -€4,002
down €4,002 (-9.5%), from €42,217 to €38,215
- Gross operating margin -€9,226
down €9,226 (-45.8%), from €20,154 to €10,928
- Taxes -€2,067
down €2,067 (-39.1%), from €5,292 to €3,225
- Financial charges +€1,126
up €1,126 (+54.2%), from €2,080 to €3,206
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 | €153,670 | €146,347 | -€7,322 | -4.8% |
| Fixed assets | 21/28 | €120,567 | €120,567 | = | 0.0% |
| Financial fixed assets | 28 | €120,567 | €120,567 | = | 0.0% |
| Current assets | 29/58 | €33,103 | €25,781 | -€7,322 | -22.1% |
| Amounts receivable within one year | 40/41 | €2,708 | €2,771 | +€63 | +2.3% |
| Other amounts receivable | 41 | €2,708 | €2,771 | +€63 | +2.3% |
| Cash at bank and in hand | 54/58 | €30,395 | €22,232 | -€8,163 | -26.9% |
| Deferred charges and accrued income | 490/1 | - | €777 | +€777 | |
| Total equity and liabilities | 10/49 | €153,670 | €146,347 | -€7,322 | -4.8% |
| Equity | 10/15 | €43,722 | €27,644 | -€16,078 | -36.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,722 | €24,644 | -€16,078 | -39.5% |
| Distributable reserves | 133 | €40,722 | €24,644 | -€16,078 | -39.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €109,948 | €118,703 | +€8,755 | +8.0% |
| Amounts payable after more than one year | 17 | €42,217 | €38,215 | -€4,002 | -9.5% |
| Financial debts | 170/4 | €42,217 | €38,215 | -€4,002 | -9.5% |
| Amounts payable within one year | 42/48 | €67,731 | €80,488 | +€12,757 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €3,958 | €4,002 | +€44 | +1.1% |
| Trade debts | 44 | €1,619 | €1,242 | -€377 | -23.3% |
| Suppliers | 440/4 | €1,619 | €1,242 | -€377 | -23.3% |
| Taxes, remuneration and social security | 45 | €4,924 | €0 | -€4,924 | -100% |
| Taxes | 450/3 | €4,924 | €0 | -€4,924 | -100% |
| Other amounts payable | 47/48 | €57,230 | €75,245 | +€18,015 | +31.5% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €20,154 | €10,928 | -€9,226 | -45.8% |
| Operating profit (loss) | 9901 | €19,641 | €10,401 | -€9,240 | -47.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,080 | €3,206 | +€1,126 | +54.2% |
| Recurring financial charges | 65 | €2,080 | €3,206 | +€1,126 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €17,561 | €7,195 | -€10,366 | -59.0% |
| Income taxes | 67/77 | €5,292 | €3,225 | -€2,067 | -39.1% |
| Profit (loss) for the period | 9904 | €12,270 | €3,970 | -€8,300 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,270 | €3,970 | -€8,300 | -67.6% |
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 28 October 2026 via checked.be.