NICODEME B: what changed
NICODEME B
Largest movements
- Cash +€24,428
up €24,428 (+208%), from €11,754 to €36,182
mainly Net result for the year (+€16,251) and Accrued charges and deferred income (+€10,074)
- Receivables within one year -€8,826
down €8,826 (-7.8%), from €113,874 to €105,048
of which Trade receivables: -€16,507
- Intangible fixed assets +€4,732
new in 2025: €4,732
- Financial fixed assets +€2,550
up €2,550 (+2,217%), from €115 to €2,665
- Profit (loss) carried forward +€16,251
up €16,251 (+33.0%), from €49,217 to €65,469
- Accrued charges and deferred income +€10,074
up €10,074 (+64.7%), from €15,561 to €25,635
- Other debts -€3,603
no longer reported in 2025 (was €3,603)
- Trade debts -€2,319
down €2,319 (-6.1%), from €38,285 to €35,966
of which Bills of exchange payable: -€2,118
- Tax, wage and social debts +€2,198
up €2,198 (+11.3%), from €19,444 to €21,642
of which Remuneration and social security: +€1,578
- Gross operating margin +€35,509
up €35,509 (+49.1%), from €72,268 to €107,777
- Staff costs +€15,956
up €15,956 (+27.5%), from €58,050 to €74,005
- Taxes +€3,998
up €3,998 (+125%), from €3,200 to €7,198
- Depreciation +€1,106
up €1,106 (+23.1%), from €4,792 to €5,899
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,431 | €174,032 | +€22,601 | +14.9% |
| Fixed assets | 21/28 | €25,281 | €32,087 | +€6,805 | +26.9% |
| Intangible fixed assets | 21 | - | €4,732 | +€4,732 | |
| Tangible fixed assets | 22/27 | €25,166 | €24,689 | -€477 | -1.9% |
| Land and buildings | 22 | €21,472 | €18,964 | -€2,509 | -11.7% |
| Plant, machinery and equipment | 23 | €1,124 | €1,570 | +€446 | +39.7% |
| Furniture and vehicles | 24 | €2,570 | €4,156 | +€1,586 | +61.7% |
| Financial fixed assets | 28 | €115 | €2,665 | +€2,550 | +2,217% |
| Current assets | 29/58 | €126,150 | €141,945 | +€15,795 | +12.5% |
| Amounts receivable within one year | 40/41 | €113,874 | €105,048 | -€8,826 | -7.8% |
| Trade receivables | 40 | €113,874 | €97,368 | -€16,507 | -14.5% |
| Other amounts receivable | 41 | - | €7,680 | +€7,680 | |
| Cash at bank and in hand | 54/58 | €11,754 | €36,182 | +€24,428 | +208% |
| Deferred charges and accrued income | 490/1 | €522 | €716 | +€194 | +37.2% |
| Total equity and liabilities | 10/49 | €151,431 | €174,032 | +€22,601 | +14.9% |
| Equity | 10/15 | €74,538 | €90,789 | +€16,251 | +21.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,120 | €19,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,120 | €19,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,217 | €65,469 | +€16,251 | +33.0% |
| Amounts payable | 17/49 | €76,894 | €83,243 | +€6,349 | +8.3% |
| Amounts payable within one year | 42/48 | €61,332 | €57,608 | -€3,724 | -6.1% |
| Trade debts | 44 | €38,285 | €35,966 | -€2,319 | -6.1% |
| Suppliers | 440/4 | €36,167 | €35,966 | -€201 | -0.6% |
| Bills of exchange payable | 441 | €2,118 | - | -€2,118 | |
| Taxes, remuneration and social security | 45 | €19,444 | €21,642 | +€2,198 | +11.3% |
| Taxes | 450/3 | €14,587 | €15,206 | +€620 | +4.2% |
| Remuneration and social security | 454/9 | €4,858 | €6,436 | +€1,578 | +32.5% |
| Other amounts payable | 47/48 | €3,603 | - | -€3,603 | |
| Accrued charges and deferred income | 492/3 | €15,561 | €25,635 | +€10,074 | +64.7% |
| Remuneration, social security and pensions | 62 | €58,050 | €74,005 | +€15,956 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,792 | €5,899 | +€1,106 | +23.1% |
| Other operating charges | 640/8 | €1,640 | €827 | -€814 | -49.6% |
| Gross operating margin | 9900 | €72,268 | €107,777 | +€35,509 | +49.1% |
| Operating profit (loss) | 9901 | €7,786 | €27,047 | +€19,261 | +247% |
| Financial income | 75/76B | €159 | €5 | -€154 | -96.6% |
| Recurring financial income | 75 | €159 | €5 | -€154 | -96.6% |
| Financial charges | 65/66B | €2,584 | €3,603 | +€1,020 | +39.5% |
| Recurring financial charges | 65 | €2,584 | €3,603 | +€1,020 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €5,361 | €23,449 | +€18,088 | +337% |
| Income taxes | 67/77 | €3,200 | €7,198 | +€3,998 | +125% |
| Profit (loss) for the period | 9904 | €2,161 | €16,251 | +€14,090 | +652% |
| Profit (loss) for the period to be appropriated | 9905 | €2,161 | €16,251 | +€14,090 | +652% |
Next steps
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 1 November 2026 via checked.be.