NICOBO: 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.
NICOBO
Largest movements
- Cash +€30,063
up €30,063 (+495%), from €6,074 to €36,137
mainly Debts after one year (+€31,352) and Net result for the year (+€24,505)
- Tangible fixed assets -€19,618
down €19,618 (-9.2%), from €214,309 to €194,691
of which Land and buildings: -€15,888
- Current portion of long-term debt -€41,147
down €41,147 (-65.9%), from €62,431 to €21,285
- Debts after one year +€31,352
up €31,352 (+60.4%), from €51,941 to €83,293
- Reserves +€24,505
up €24,505 (+72.8%), from €33,674 to €58,179
of which Distributable reserves: +€24,505
- Other debts -€6,843
down €6,843 (-25.9%), from €26,442 to €19,598
- Tax, wage and social debts +€5,970
up €5,970 (+125%), from €4,792 to €10,762
of which Remuneration and social security: +€3,332
- Gross operating margin +€2,973
up €2,973 (+5.2%), from €57,619 to €60,592
- Depreciation +€2,798
up €2,798 (+16.6%), from €16,820 to €19,618
- Financial charges -€1,596
down €1,596 (-27.1%), from €5,897 to €4,300
- Taxes +€735
up €735 (+7.8%), from €9,381 to €10,116
- Staff costs +€629
up €629 (+198%), from €318 to €947
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 | €230,577 | €239,270 | +€8,693 | +3.8% |
| Fixed assets | 21/28 | €214,426 | €194,808 | -€19,618 | -9.1% |
| Tangible fixed assets | 22/27 | €214,309 | €194,691 | -€19,618 | -9.2% |
| Land and buildings | 22 | €202,892 | €187,004 | -€15,888 | -7.8% |
| Plant, machinery and equipment | 23 | €8,340 | €5,668 | -€2,673 | -32.0% |
| Furniture and vehicles | 24 | €3,077 | €2,020 | -€1,057 | -34.4% |
| Financial fixed assets | 28 | €118 | €118 | = | 0.0% |
| Current assets | 29/58 | €16,151 | €44,462 | +€28,311 | +175% |
| Stocks and contracts in progress | 3 | €7,294 | €7,294 | = | 0.0% |
| Stocks | 30/36 | €7,294 | €7,294 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,783 | €1,031 | -€1,752 | -62.9% |
| Trade receivables | 40 | - | €59 | +€59 | |
| Other amounts receivable | 41 | €2,783 | €973 | -€1,810 | -65.0% |
| Cash at bank and in hand | 54/58 | €6,074 | €36,137 | +€30,063 | +495% |
| Total equity and liabilities | 10/49 | €230,577 | €239,270 | +€8,693 | +3.8% |
| Equity | 10/15 | €73,910 | €98,415 | +€24,505 | +33.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €33,674 | €58,179 | +€24,505 | +72.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €33,674 | €58,179 | +€24,505 | +72.8% |
| Profit (loss) carried forward | 14 | €10,237 | €10,237 | = | 0.0% |
| Amounts payable | 17/49 | €156,666 | €140,855 | -€15,812 | -10.1% |
| Amounts payable after more than one year | 17 | €51,941 | €83,293 | +€31,352 | +60.4% |
| Financial debts | 170/4 | €51,941 | €83,293 | +€31,352 | +60.4% |
| Amounts payable within one year | 42/48 | €100,492 | €57,562 | -€42,930 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €62,431 | €21,285 | -€41,147 | -65.9% |
| Trade debts | 44 | €6,827 | €5,917 | -€910 | -13.3% |
| Suppliers | 440/4 | €6,827 | €5,917 | -€910 | -13.3% |
| Taxes, remuneration and social security | 45 | €4,792 | €10,762 | +€5,970 | +125% |
| Taxes | 450/3 | €4,792 | €7,430 | +€2,638 | +55.0% |
| Remuneration and social security | 454/9 | €0 | €3,332 | +€3,332 | |
| Other amounts payable | 47/48 | €26,442 | €19,598 | -€6,843 | -25.9% |
| Accrued charges and deferred income | 492/3 | €4,234 | - | -€4,234 | |
| Remuneration, social security and pensions | 62 | €318 | €947 | +€629 | +198% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,820 | €19,618 | +€2,798 | +16.6% |
| Other operating charges | 640/8 | €1,940 | €1,421 | -€519 | -26.8% |
| Gross operating margin | 9900 | €57,619 | €60,592 | +€2,973 | +5.2% |
| Operating profit (loss) | 9901 | €38,540 | €38,606 | +€66 | +0.2% |
| Financial income | 75/76B | €130 | €315 | +€185 | +143% |
| Recurring financial income | 75 | €130 | €315 | +€185 | +143% |
| Financial charges | 65/66B | €5,897 | €4,300 | -€1,596 | -27.1% |
| Recurring financial charges | 65 | €5,897 | €4,300 | -€1,596 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €32,773 | €34,621 | +€1,847 | +5.6% |
| Income taxes | 67/77 | €9,381 | €10,116 | +€735 | +7.8% |
| Profit (loss) for the period | 9904 | €23,392 | €24,505 | +€1,113 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,392 | €24,505 | +€1,113 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.