NICODAMCONSTRUCT: 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.
NICODAMCONSTRUCT
Largest movements
- Tangible fixed assets -€62,757
down €62,757 (-36.5%), from €172,159 to €109,401
of which Furniture and vehicles: -€59,899
- Cash +€5,313
up €5,313 (+2.3%), from €230,025 to €235,338
mainly Net result for the year (+€75,849) and Investment in fixed assets (net) (+€50,909)
- Receivables within one year +€4,205
up €4,205 (+172.6%), from €2,436 to €6,641
of which Trade receivables: +€3,530
- Other debts -€49,959
down €49,959 (-45.3%), from €110,400 to €60,441
- Profit (loss) carried forward +€18,625
up €18,625 (+11.0%), from €169,928 to €188,553
- Debts after one year -€16,478
down €16,478 (-25.2%), from €65,296 to €48,818
- Trade debts -€5,427
down €5,427 (-79.3%), from €6,839 to €1,412
- Gross operating margin +€75,249
up €75,249 (+84.5%), from €89,096 to €164,345
- Other operating charges +€51,519
new in 2025: €51,519
- Depreciation -€16,796
down €16,796 (-58.6%), from €28,644 to €11,849
- Taxes +€10,272
up €10,272 (+87.7%), from €11,718 to €21,990
- Financial charges +€2,068
up €2,068 (+191.3%), from €1,081 to €3,149
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 | €408,228 | €353,411 | -€54,817 | -13.4% |
| Fixed assets | 21/28 | €172,159 | €109,401 | -€62,757 | -36.5% |
| Tangible fixed assets | 22/27 | €172,159 | €109,401 | -€62,757 | -36.5% |
| Land and buildings | 22 | €94,921 | €93,628 | -€1,293 | -1.4% |
| Plant, machinery and equipment | 23 | €2,364 | €798 | -€1,566 | -66.2% |
| Furniture and vehicles | 24 | €74,874 | €14,975 | -€59,899 | -80.0% |
| Current assets | 29/58 | €236,069 | €244,009 | +€7,940 | +3.4% |
| Amounts receivable within one year | 40/41 | €2,436 | €6,641 | +€4,205 | +172.6% |
| Trade receivables | 40 | €190 | €3,720 | +€3,530 | +1862.9% |
| Other amounts receivable | 41 | €2,247 | €2,921 | +€675 | +30.0% |
| Cash at bank and in hand | 54/58 | €230,025 | €235,338 | +€5,313 | +2.3% |
| Deferred charges and accrued income | 490/1 | €3,608 | €2,030 | -€1,577 | -43.7% |
| Total equity and liabilities | 10/49 | €408,228 | €353,411 | -€54,817 | -13.4% |
| Equity | 10/15 | €170,928 | €189,553 | +€18,625 | +10.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,928 | €188,553 | +€18,625 | +11.0% |
| Amounts payable | 17/49 | €237,300 | €163,858 | -€73,442 | -30.9% |
| Amounts payable after more than one year | 17 | €65,296 | €48,818 | -€16,478 | -25.2% |
| Financial debts | 170/4 | €65,296 | €48,818 | -€16,478 | -25.2% |
| Amounts payable within one year | 42/48 | €172,004 | €115,040 | -€56,964 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €15,841 | €16,478 | +€638 | +4.0% |
| Trade debts | 44 | €6,839 | €1,412 | -€5,427 | -79.3% |
| Suppliers | 440/4 | €6,839 | €1,412 | -€5,427 | -79.3% |
| Taxes, remuneration and social security | 45 | €38,925 | €36,709 | -€2,216 | -5.7% |
| Taxes | 450/3 | €38,925 | €36,709 | -€2,216 | -5.7% |
| Other amounts payable | 47/48 | €110,400 | €60,441 | -€49,959 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,644 | €11,849 | -€16,796 | -58.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,153 | - | -€1,153 | |
| Other operating charges | 640/8 | - | €51,519 | +€51,519 | |
| Gross operating margin | 9900 | €89,096 | €164,345 | +€75,249 | +84.5% |
| Operating profit (loss) | 9901 | €59,299 | €100,978 | +€41,679 | +70.3% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,081 | €3,149 | +€2,068 | +191.3% |
| Recurring financial charges | 65 | €1,081 | €3,149 | +€2,068 | +191.3% |
| Profit (loss) for the period before taxes | 9903 | €58,218 | €97,839 | +€39,621 | +68.1% |
| Income taxes | 67/77 | €11,718 | €21,990 | +€10,272 | +87.7% |
| Profit (loss) for the period | 9904 | €46,499 | €75,849 | +€29,350 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,499 | €75,849 | +€29,350 | +63.1% |
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 11 October 2026 via checked.be.