NICOBA: what changed
What changed
NICOBA
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€279,397
2024 · -€78,245-€201,152
Equity
€5.8m
2024 · €6.1m-€279,397
Cash
€339,076
2024 · €143,519+€195,557
Balance sheet total
€14.8m
2024 · €15.1m-€269,570
Largest movements
Assets
- Receivables within one year -€552,709
down €552,709 (-32.3%), from €1.7m to €1.2m
of which Other amounts receivable: -€299,803
- Cash +€195,557
up €195,557 (+136%), from €143,519 to €339,076
mainly Receivables within one year (+€552,709) and Depreciation (+€37,979)
Equity and liabilities
- Profit (loss) carried forward -€279,397
down €279,397 (-4.2%), from -€6.6m to -€6.9m
Income statement
- Gross operating margin -€171,512
down €171,512 (-55.0%), from €312,025 to €140,512
- Financial income -€124,678
down €124,678 (-40.2%), from €310,413 to €185,735
of which Non-recurring financial income: -€83,239
- Financial charges -€107,864
down €107,864 (-18.0%), from €599,491 to €491,627
of which Financial charges: -€99,195
- Depreciation +€7,657
up €7,657 (+25.3%), from €30,322 to €37,979
- Staff costs +€5,372
up €5,372 (+8.4%), from €63,714 to €69,086
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€78,245
Gross operating margin
-€171,512
Staff costs
-€5,372
Depreciation
-€7,657
Other operating charges
+€467
Financial income
-€124,678
Financial charges
+€107,864
Taxes
-€263
Result 2025
-€279,397
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€196,207
Investment
-€650
Financing
€0
Cash 2024
€143,519
From operations (derived)
+€196,207
Net result for the year
-€279,397
Depreciation
+€37,979
Receivables within one year
+€552,709
Deferred charges and accrued income
-€124,911
Trade debts
+€11,532
Tax, wage and social debts
-€1,705
Investment (derived)
-€650
Investment in fixed assets (net)
-€650
Cash 2025
€339,076
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,071,198 | €14,801,628 | -€269,570 | -1.8% |
| Fixed assets | 21/28 | €10,656,803 | €10,619,475 | -€37,329 | -0.4% |
| Tangible fixed assets | 22/27 | €104,126 | €66,797 | -€37,329 | -35.8% |
| Furniture and vehicles | 24 | €104,126 | €66,797 | -€37,329 | -35.8% |
| Financial fixed assets | 28 | €10,552,678 | €10,552,678 | = | 0.0% |
| Current assets | 29/58 | €4,414,394 | €4,182,154 | -€232,241 | -5.3% |
| Amounts receivable after more than one year | 29 | €2,395,819 | €2,395,819 | = | 0.0% |
| Other amounts receivable | 291 | €2,395,819 | €2,395,819 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,711,036 | €1,158,327 | -€552,709 | -32.3% |
| Trade receivables | 40 | €410,716 | €157,811 | -€252,906 | -61.6% |
| Other amounts receivable | 41 | €1,300,320 | €1,000,516 | -€299,803 | -23.1% |
| Cash at bank and in hand | 54/58 | €143,519 | €339,076 | +€195,557 | +136% |
| Deferred charges and accrued income | 490/1 | €164,020 | €288,932 | +€124,911 | +76.2% |
| Total equity and liabilities | 10/49 | €15,071,198 | €14,801,628 | -€269,570 | -1.8% |
| Equity | 10/15 | €6,054,698 | €5,775,301 | -€279,397 | -4.6% |
| Contributions | 10/11 | €9,314,994 | €9,314,994 | = | 0.0% |
| Capital | 10 | €9,314,994 | €9,314,994 | = | 0.0% |
| Issued capital | 100 | €9,314,994 | €9,314,994 | = | 0.0% |
| Revaluation surpluses | 12 | €2,400,000 | €2,400,000 | = | 0.0% |
| Reserves | 13 | €931,499 | €931,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €931,499 | €931,499 | = | 0.0% |
| Legal reserve | 130 | €931,499 | €931,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,591,795 | -€6,871,192 | -€279,397 | -4.2% |
| Amounts payable | 17/49 | €9,016,500 | €9,026,327 | +€9,827 | +0.1% |
| Amounts payable after more than one year | 17 | €9,000,000 | €9,000,000 | = | 0.0% |
| Financial debts | 170/4 | €9,000,000 | €9,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,500 | €26,327 | +€9,827 | +59.6% |
| Trade debts | 44 | €5,637 | €17,169 | +€11,532 | +205% |
| Suppliers | 440/4 | €5,637 | €17,169 | +€11,532 | +205% |
| Taxes, remuneration and social security | 45 | €10,863 | €9,158 | -€1,705 | -15.7% |
| Taxes | 450/3 | €2,957 | €871 | -€2,085 | -70.5% |
| Remuneration and social security | 454/9 | €7,907 | €8,287 | +€381 | +4.8% |
| Non-recurring operating income | 76A | €16,624 | - | -€16,624 | |
| Remuneration, social security and pensions | 62 | €63,714 | €69,086 | +€5,372 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,322 | €37,979 | +€7,657 | +25.3% |
| Other operating charges | 640/8 | €6,548 | €6,081 | -€467 | -7.1% |
| Gross operating margin | 9900 | €312,025 | €140,512 | -€171,512 | -55.0% |
| Operating profit (loss) | 9901 | €211,441 | €27,367 | -€184,075 | -87.1% |
| Financial income | 75/76B | €310,413 | €185,735 | -€124,678 | -40.2% |
| Recurring financial income | 75 | €227,174 | €185,735 | -€41,439 | -18.2% |
| Non-recurring financial income | 76B | €83,239 | - | -€83,239 | |
| Financial charges | 65/66B | €599,491 | €491,627 | -€107,864 | -18.0% |
| Recurring financial charges | 65 | €590,822 | €491,627 | -€99,195 | -16.8% |
| Non-recurring financial charges | 66B | €8,669 | - | -€8,669 | |
| Profit (loss) for the period before taxes | 9903 | -€77,637 | -€278,526 | -€200,889 | -259% |
| Income taxes | 67/77 | €608 | €871 | +€263 | +43.2% |
| Profit (loss) for the period | 9904 | -€78,245 | -€279,397 | -€201,152 | -257% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,245 | -€279,397 | -€201,152 | -257% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.