NICODELPH: 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.
NICODELPH
Largest movements
- Cash +€16,873
up €16,873 (+70.4%), from €23,962 to €40,835
mainly Net result for the year (+€28,705) and Tax, wage and social debts (+€12,717)
- Receivables within one year +€4,520
up €4,520 (+26.4%), from €17,099 to €21,619
- Tangible fixed assets -€790
down €790 (-40.5%), from €1,953 to €1,163
- Tax, wage and social debts +€12,717
up €12,717 (+115.3%), from €11,032 to €23,749
- Other debts +€9,294
up €9,294 (+36.7%), from €25,328 to €34,621
- Trade debts -€1,092
down €1,092 (-20.9%), from €5,231 to €4,139
- Gross operating margin +€10,017
up €10,017 (+30.9%), from €32,447 to €42,464
- Taxes +€3,805
up €3,805 (+43.6%), from €8,721 to €12,526
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 | €43,778 | €64,402 | +€20,624 | +47.1% |
| Fixed assets | 21/28 | €1,953 | €1,163 | -€790 | -40.5% |
| Tangible fixed assets | 22/27 | €1,953 | €1,163 | -€790 | -40.5% |
| Furniture and vehicles | 24 | €1,953 | €1,163 | -€790 | -40.5% |
| Current assets | 29/58 | €41,825 | €63,239 | +€21,414 | +51.2% |
| Amounts receivable within one year | 40/41 | €17,099 | €21,619 | +€4,520 | +26.4% |
| Trade receivables | 40 | €17,099 | €21,619 | +€4,520 | +26.4% |
| Cash at bank and in hand | 54/58 | €23,962 | €40,835 | +€16,873 | +70.4% |
| Deferred charges and accrued income | 490/1 | €764 | €785 | +€21 | +2.8% |
| Total equity and liabilities | 10/49 | €43,778 | €64,402 | +€20,624 | +47.1% |
| Equity | 10/15 | €2,187 | €1,892 | -€295 | -13.5% |
| Contributions | 10/11 | €1,592 | €1,592 | = | 0.0% |
| Reserves | 13 | €157 | €157 | = | 0.0% |
| Non-distributable reserves | 130/1 | €157 | €157 | = | 0.0% |
| Reserves not available under the articles | 1311 | €157 | €157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €437 | €143 | -€295 | -67.4% |
| Amounts payable | 17/49 | €41,591 | €62,510 | +€20,919 | +50.3% |
| Amounts payable within one year | 42/48 | €41,591 | €62,510 | +€20,919 | +50.3% |
| Trade debts | 44 | €5,231 | €4,139 | -€1,092 | -20.9% |
| Suppliers | 440/4 | €5,231 | €4,139 | -€1,092 | -20.9% |
| Taxes, remuneration and social security | 45 | €11,032 | €23,749 | +€12,717 | +115.3% |
| Taxes | 450/3 | €11,032 | €23,749 | +€12,717 | +115.3% |
| Other amounts payable | 47/48 | €25,328 | €34,621 | +€9,294 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €790 | +€60 | +8.3% |
| Other operating charges | 640/8 | €504 | €367 | -€136 | -27.1% |
| Gross operating margin | 9900 | €32,447 | €42,464 | +€10,017 | +30.9% |
| Operating profit (loss) | 9901 | €31,213 | €41,307 | +€10,093 | +32.3% |
| Financial charges | 65/66B | €80 | €75 | -€5 | -6.8% |
| Recurring financial charges | 65 | €80 | €75 | -€5 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €31,133 | €41,232 | +€10,099 | +32.4% |
| Income taxes | 67/77 | €8,721 | €12,526 | +€3,805 | +43.6% |
| Profit (loss) for the period | 9904 | €22,412 | €28,705 | +€6,294 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,412 | €28,705 | +€6,294 | +28.1% |
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 8 October 2026 via checked.be.