NICODONTIC: 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.
NICODONTIC
Largest movements
- Tangible fixed assets -€18,525
down €18,525 (-5.0%), from €367,833 to €349,308
of which Other tangible fixed assets: -€10,400
- Cash +€17,510
up €17,510 (+4.7%), from €376,345 to €393,855
mainly Net result for the year (+€72,608) and Depreciation (+€62,506)
- Receivables within one year +€9,522
up €9,522 (+149.0%), from €6,390 to €15,912
- Reserves +€72,608
up €72,608 (+42.9%), from €169,120 to €241,728
of which Distributable reserves: +€72,608
- Profit (loss) carried forward -€28,571
down €28,571 (-6.3%), from €450,684 to €422,113
- Tax, wage and social debts -€25,560
down €25,560 (-66.1%), from €38,673 to €13,113
of which Taxes: -€24,311
- Debts after one year -€25,475
down €25,475 (-48.1%), from €52,974 to €27,499
- Current portion of long-term debt +€15,620
up €15,620 (+48.3%), from €32,355 to €47,975
- Gross operating margin -€41,611
down €41,611 (-15.5%), from €268,645 to €227,034
- Taxes -€18,047
down €18,047 (-38.3%), from €47,129 to €29,082
- Staff costs +€7,333
up €7,333 (+13.6%), from €53,743 to €61,076
- Depreciation +€5,490
up €5,490 (+9.6%), from €57,016 to €62,506
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 | €762,561 | €777,904 | +€15,343 | +2.0% |
| Fixed assets | 21/28 | €367,883 | €349,358 | -€18,525 | -5.0% |
| Tangible fixed assets | 22/27 | €367,833 | €349,308 | -€18,525 | -5.0% |
| Land and buildings | 22 | €225,339 | €221,726 | -€3,613 | -1.6% |
| Plant, machinery and equipment | 23 | €54,805 | €50,354 | -€4,451 | -8.1% |
| Furniture and vehicles | 24 | €59,072 | €59,011 | -€61 | -0.1% |
| Other tangible fixed assets | 26 | €28,617 | €18,217 | -€10,400 | -36.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €394,678 | €428,546 | +€33,868 | +8.6% |
| Stocks and contracts in progress | 3 | €5,667 | €5,667 | = | 0.0% |
| Stocks | 30/36 | €5,667 | €5,667 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,390 | €15,912 | +€9,522 | +149.0% |
| Other amounts receivable | 41 | €6,390 | €15,912 | +€9,522 | +149.0% |
| Cash at bank and in hand | 54/58 | €376,345 | €393,855 | +€17,510 | +4.7% |
| Deferred charges and accrued income | 490/1 | €6,276 | €13,112 | +€6,836 | +108.9% |
| Total equity and liabilities | 10/49 | €762,561 | €777,904 | +€15,343 | +2.0% |
| Equity | 10/15 | €632,204 | €676,241 | +€44,037 | +7.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €169,120 | €241,728 | +€72,608 | +42.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €167,260 | €239,868 | +€72,608 | +43.4% |
| Profit (loss) carried forward | 14 | €450,684 | €422,113 | -€28,571 | -6.3% |
| Amounts payable | 17/49 | €130,357 | €101,663 | -€28,694 | -22.0% |
| Amounts payable after more than one year | 17 | €52,974 | €27,499 | -€25,475 | -48.1% |
| Financial debts | 170/4 | €52,974 | €27,499 | -€25,475 | -48.1% |
| Amounts payable within one year | 42/48 | €73,757 | €68,604 | -€5,153 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €32,355 | €47,975 | +€15,620 | +48.3% |
| Trade debts | 44 | €2,729 | - | -€2,729 | |
| Suppliers | 440/4 | €2,729 | - | -€2,729 | |
| Taxes, remuneration and social security | 45 | €38,673 | €13,113 | -€25,560 | -66.1% |
| Taxes | 450/3 | €31,572 | €7,261 | -€24,311 | -77.0% |
| Remuneration and social security | 454/9 | €7,101 | €5,852 | -€1,249 | -17.6% |
| Other amounts payable | 47/48 | - | €7,516 | +€7,516 | |
| Accrued charges and deferred income | 492/3 | €3,626 | €5,560 | +€1,934 | +53.3% |
| Remuneration, social security and pensions | 62 | €53,743 | €61,076 | +€7,333 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,016 | €62,506 | +€5,490 | +9.6% |
| Other operating charges | 640/8 | €3,011 | €1,970 | -€1,041 | -34.6% |
| Gross operating margin | 9900 | €268,645 | €227,034 | -€41,611 | -15.5% |
| Operating profit (loss) | 9901 | €154,875 | €101,482 | -€53,393 | -34.5% |
| Financial income | 75/76B | €1,982 | €3,857 | +€1,875 | +94.6% |
| Recurring financial income | 75 | €1,982 | €3,857 | +€1,875 | +94.6% |
| Financial charges | 65/66B | €4,306 | €3,649 | -€657 | -15.3% |
| Recurring financial charges | 65 | €4,306 | €3,649 | -€657 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €152,551 | €101,690 | -€50,861 | -33.3% |
| Income taxes | 67/77 | €47,129 | €29,082 | -€18,047 | -38.3% |
| Profit (loss) for the period | 9904 | €105,422 | €72,608 | -€32,814 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €105,422 | €72,608 | -€32,814 | -31.1% |
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 2 October 2026 via checked.be.