NICO4JACO: 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.
NICO4JACO
Largest movements
- Intangible fixed assets -€40,529
down €40,529 (-19.8%), from €204,932 to €164,403
- Cash -€20,378
down €20,378 (-41.8%), from €48,724 to €28,346
mainly Net result for the year (-€88,998) and Debts after one year (-€47,734)
- Receivables within one year -€12,188
down €12,188 (-20.9%), from €58,179 to €45,991
of which Other amounts receivable: -€8,156
- Stocks and contracts +€4,666
up €4,666 (+7.1%), from €65,621 to €70,287
- Profit (loss) carried forward -€88,998
down €88,998 (-26.7%), from -€333,259 to -€422,258
- Trade debts +€78,881
up €78,881 (+18.5%), from €426,823 to €505,704
- Debts after one year -€47,734
down €47,734 (-45.7%), from €104,361 to €56,627
- Tax, wage and social debts -€11,336
down €11,336 (-28.3%), from €40,085 to €28,748
of which Remuneration and social security: -€12,107
- Gross operating margin +€74,822
up €74,822 (+39.8%), from €187,871 to €262,693
- Staff costs +€28,570
up €28,570 (+11.0%), from €259,859 to €288,428
- Other operating charges +€4,520
up €4,520 (+420.4%), from €1,075 to €5,596
- Financial charges -€3,645
down €3,645 (-17.1%), from €21,286 to €17,641
of which Financial charges: -€3,585
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 | €389,014 | €321,874 | -€67,140 | -17.3% |
| Fixed assets | 21/28 | €216,408 | €177,250 | -€39,157 | -18.1% |
| Intangible fixed assets | 21 | €204,932 | €164,403 | -€40,529 | -19.8% |
| Tangible fixed assets | 22/27 | €8,541 | €10,347 | +€1,806 | +21.1% |
| Furniture and vehicles | 24 | €8,541 | €10,347 | +€1,806 | +21.1% |
| Financial fixed assets | 28 | €2,935 | €2,500 | -€435 | -14.8% |
| Current assets | 29/58 | €172,607 | €144,624 | -€27,983 | -16.2% |
| Stocks and contracts in progress | 3 | €65,621 | €70,287 | +€4,666 | +7.1% |
| Stocks | 30/36 | €65,621 | €70,287 | +€4,666 | +7.1% |
| Amounts receivable within one year | 40/41 | €58,179 | €45,991 | -€12,188 | -20.9% |
| Trade receivables | 40 | €47,064 | €43,033 | -€4,032 | -8.6% |
| Other amounts receivable | 41 | €11,114 | €2,958 | -€8,156 | -73.4% |
| Cash at bank and in hand | 54/58 | €48,724 | €28,346 | -€20,378 | -41.8% |
| Deferred charges and accrued income | 490/1 | €82 | - | -€82 | |
| Total equity and liabilities | 10/49 | €389,014 | €321,874 | -€67,140 | -17.3% |
| Equity | 10/15 | -€229,259 | -€318,258 | -€88,998 | -38.8% |
| Contributions | 10/11 | €104,000 | €104,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€333,259 | -€422,258 | -€88,998 | -26.7% |
| Amounts payable | 17/49 | €618,274 | €640,132 | +€21,858 | +3.5% |
| Amounts payable after more than one year | 17 | €104,361 | €56,627 | -€47,734 | -45.7% |
| Financial debts | 170/4 | €104,361 | €56,627 | -€47,734 | -45.7% |
| Amounts payable within one year | 42/48 | €513,913 | €583,505 | +€69,592 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €47,005 | €47,734 | +€730 | +1.6% |
| Trade debts | 44 | €426,823 | €505,704 | +€78,881 | +18.5% |
| Suppliers | 440/4 | €426,823 | €505,704 | +€78,881 | +18.5% |
| Taxes, remuneration and social security | 45 | €40,085 | €28,748 | -€11,336 | -28.3% |
| Taxes | 450/3 | €822 | €1,592 | +€770 | +93.7% |
| Remuneration and social security | 454/9 | €39,263 | €27,156 | -€12,107 | -30.8% |
| Other amounts payable | 47/48 | - | €1,318 | +€1,318 | |
| Remuneration, social security and pensions | 62 | €259,859 | €288,428 | +€28,570 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,092 | €43,823 | +€730 | +1.7% |
| Other operating charges | 640/8 | €1,075 | €5,596 | +€4,520 | +420.4% |
| Gross operating margin | 9900 | €187,871 | €262,693 | +€74,822 | +39.8% |
| Operating profit (loss) | 9901 | -€116,155 | -€75,154 | +€41,002 | +35.3% |
| Financial income | 75/76B | €1,637 | €3,797 | +€2,160 | +131.9% |
| Recurring financial income | 75 | €1,583 | €3,797 | +€2,214 | +139.9% |
| Non-recurring financial income | 76B | €54 | - | -€54 | |
| Financial charges | 65/66B | €21,286 | €17,641 | -€3,645 | -17.1% |
| Recurring financial charges | 65 | €20,863 | €17,278 | -€3,585 | -17.2% |
| Non-recurring financial charges | 66B | €423 | €364 | -€60 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€135,804 | -€88,998 | +€46,806 | +34.5% |
| Profit (loss) for the period | 9904 | -€135,804 | -€88,998 | +€46,806 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€135,804 | -€88,998 | +€46,806 | +34.5% |
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 7 October 2026 via checked.be.