NICODEMUS: 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.
NICODEMUS
Largest movements
- Stocks and contracts -€29,953
down €29,953 (-16.9%), from €177,078 to €147,125
- Cash -€3,000
down €3,000 (-4.1%), from €73,232 to €70,232
mainly Debts after one year (-€18,000) and Net result for the year (-€16,246)
- Debts after one year -€18,000
down €18,000 (-51.4%), from €35,000 to €17,000
- Profit (loss) carried forward -€16,246
down €16,246 (-19.7%), from -€82,592 to -€98,839
- Other debts -€9,733
down €9,733 (-4.1%), from €237,564 to €227,831
- Trade debts +€6,570
up €6,570 (+282.5%), from €2,326 to €8,896
- Advances received +€3,961
up €3,961 (+17.6%), from €22,558 to €26,519
- Gross operating margin -€6,405
down €6,405 (-4.1%), from €156,921 to €150,516
- Staff costs +€4,114
up €4,114 (+2.7%), from €151,215 to €155,329
- Depreciation -€2,000
down €2,000 (-29.6%), from €6,765 to €4,766
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 | €267,740 | €232,537 | -€35,203 | -13.1% |
| Fixed assets | 21/28 | €11,551 | €9,946 | -€1,605 | -13.9% |
| Tangible fixed assets | 22/27 | €11,551 | €9,946 | -€1,605 | -13.9% |
| Plant, machinery and equipment | 23 | €5,272 | €6,626 | +€1,354 | +25.7% |
| Leasing and similar rights | 25 | €1,947 | €1,259 | -€689 | -35.4% |
| Other tangible fixed assets | 26 | €4,332 | €2,062 | -€2,270 | -52.4% |
| Current assets | 29/58 | €256,189 | €222,591 | -€33,598 | -13.1% |
| Stocks and contracts in progress | 3 | €177,078 | €147,125 | -€29,953 | -16.9% |
| Stocks | 30/36 | €177,078 | €147,125 | -€29,953 | -16.9% |
| Amounts receivable within one year | 40/41 | €5,541 | €5,234 | -€307 | -5.5% |
| Trade receivables | 40 | €3,573 | €2,484 | -€1,088 | -30.5% |
| Other amounts receivable | 41 | €1,968 | €2,749 | +€781 | +39.7% |
| Cash at bank and in hand | 54/58 | €73,232 | €70,232 | -€3,000 | -4.1% |
| Deferred charges and accrued income | 490/1 | €339 | - | -€339 | |
| Total equity and liabilities | 10/49 | €267,740 | €232,537 | -€35,203 | -13.1% |
| Equity | 10/15 | -€63,992 | -€80,239 | -€16,246 | -25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,592 | -€98,839 | -€16,246 | -19.7% |
| Amounts payable | 17/49 | €331,733 | €312,776 | -€18,957 | -5.7% |
| Amounts payable after more than one year | 17 | €35,000 | €17,000 | -€18,000 | -51.4% |
| Financial debts | 170/4 | €35,000 | €17,000 | -€18,000 | -51.4% |
| Amounts payable within one year | 42/48 | €296,733 | €295,776 | -€957 | -0.3% |
| Trade debts | 44 | €2,326 | €8,896 | +€6,570 | +282.5% |
| Suppliers | 440/4 | €2,326 | €8,896 | +€6,570 | +282.5% |
| Advances received on contracts in progress | 46 | €22,558 | €26,519 | +€3,961 | +17.6% |
| Taxes, remuneration and social security | 45 | €34,285 | €32,531 | -€1,755 | -5.1% |
| Taxes | 450/3 | €11,010 | €13,028 | +€2,017 | +18.3% |
| Remuneration and social security | 454/9 | €23,275 | €19,503 | -€3,772 | -16.2% |
| Other amounts payable | 47/48 | €237,564 | €227,831 | -€9,733 | -4.1% |
| Remuneration, social security and pensions | 62 | €151,215 | €155,329 | +€4,114 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,765 | €4,766 | -€2,000 | -29.6% |
| Other operating charges | 640/8 | €2,110 | €3,179 | +€1,068 | +50.6% |
| Gross operating margin | 9900 | €156,921 | €150,516 | -€6,405 | -4.1% |
| Operating profit (loss) | 9901 | -€3,170 | -€12,757 | -€9,587 | -302.5% |
| Financial income | 75/76B | €151 | - | -€151 | |
| Recurring financial income | 75 | €151 | - | -€151 | |
| Financial charges | 65/66B | €2,750 | €3,350 | +€599 | +21.8% |
| Recurring financial charges | 65 | €2,750 | €3,350 | +€599 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,769 | -€16,107 | -€10,338 | -179.2% |
| Income taxes | 67/77 | €137 | €140 | +€2 | +1.6% |
| Profit (loss) for the period | 9904 | -€5,906 | -€16,246 | -€10,340 | -175.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,906 | -€16,246 | -€10,340 | -175.1% |
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 7 October 2026 via checked.be.