NICOFOOD: 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.
NICOFOOD
Largest movements
- Tangible fixed assets +€183,993
up €183,993 (+39.8%), from €462,568 to €646,561
of which Land and buildings: +€185,041
- Cash +€52,726
up €52,726 (+35.3%), from €149,435 to €202,160
mainly Contributions, distributions and other (+€194,443) and Net result for the year (+€65,587)
- Revaluation surpluses +€194,443
new in 2025: €194,443
- Reserves +€65,587
up €65,587 (+26.9%), from €243,620 to €309,207
of which Distributable reserves: +€65,587
- Debts after one year -€29,325
down €29,325 (-22.7%), from €129,325 to €100,000
- Gross operating margin -€7,247
down €7,247 (-4.6%), from €158,693 to €151,446
- Taxes -€3,570
down €3,570 (-10.0%), from €35,845 to €32,275
- Staff costs +€2,267
up €2,267 (+11.0%), from €20,676 to €22,943
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 | €660,146 | €888,716 | +€228,571 | +34.6% |
| Fixed assets | 21/28 | €463,089 | €647,082 | +€183,993 | +39.7% |
| Tangible fixed assets | 22/27 | €462,568 | €646,561 | +€183,993 | +39.8% |
| Land and buildings | 22 | €412,993 | €598,035 | +€185,041 | +44.8% |
| Plant, machinery and equipment | 23 | €5,970 | €14,814 | +€8,844 | +148.2% |
| Furniture and vehicles | 24 | €43,605 | €33,713 | -€9,892 | -22.7% |
| Financial fixed assets | 28 | €521 | €521 | = | 0.0% |
| Current assets | 29/58 | €197,057 | €241,634 | +€44,577 | +22.6% |
| Amounts receivable within one year | 40/41 | €47,622 | €39,474 | -€8,149 | -17.1% |
| Trade receivables | 40 | €46,522 | €39,474 | -€7,049 | -15.2% |
| Other amounts receivable | 41 | €1,100 | - | -€1,100 | |
| Cash at bank and in hand | 54/58 | €149,435 | €202,160 | +€52,726 | +35.3% |
| Total equity and liabilities | 10/49 | €660,146 | €888,716 | +€228,571 | +34.6% |
| Equity | 10/15 | €409,742 | €669,772 | +€260,030 | +63.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | - | -€6,197 | |
| Other | 1109/19 | €6,197 | - | -€6,197 | |
| Revaluation surpluses | 12 | - | €194,443 | +€194,443 | |
| Reserves | 13 | €243,620 | €309,207 | +€65,587 | +26.9% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €243,000 | €308,587 | +€65,587 | +27.0% |
| Profit (loss) carried forward | 14 | €159,925 | €159,925 | = | 0.0% |
| Amounts payable | 17/49 | €250,404 | €218,944 | -€31,460 | -12.6% |
| Amounts payable after more than one year | 17 | €129,325 | €100,000 | -€29,325 | -22.7% |
| Financial debts | 170/4 | €129,325 | €100,000 | -€29,325 | -22.7% |
| Amounts payable within one year | 42/48 | €121,079 | €118,944 | -€2,135 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €26,074 | €29,325 | +€3,251 | +12.5% |
| Trade debts | 44 | €23,554 | €27,197 | +€3,643 | +15.5% |
| Suppliers | 440/4 | €23,554 | €27,197 | +€3,643 | +15.5% |
| Taxes, remuneration and social security | 45 | €18,056 | €15,041 | -€3,016 | -16.7% |
| Taxes | 450/3 | €16,369 | €13,673 | -€2,696 | -16.5% |
| Remuneration and social security | 454/9 | €1,688 | €1,368 | -€320 | -18.9% |
| Other amounts payable | 47/48 | €53,395 | €47,381 | -€6,014 | -11.3% |
| Non-recurring operating income | 76A | €84 | - | -€84 | |
| Remuneration, social security and pensions | 62 | €20,676 | €22,943 | +€2,267 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,663 | €25,922 | +€1,259 | +5.1% |
| Other operating charges | 640/8 | €2,354 | €2,862 | +€508 | +21.6% |
| Gross operating margin | 9900 | €158,693 | €151,446 | -€7,247 | -4.6% |
| Operating profit (loss) | 9901 | €111,000 | €99,719 | -€11,281 | -10.2% |
| Financial income | 75/76B | €21 | €260 | +€239 | +1149.0% |
| Recurring financial income | 75 | €21 | €260 | +€239 | +1149.0% |
| Financial charges | 65/66B | €2,675 | €2,116 | -€559 | -20.9% |
| Recurring financial charges | 65 | €2,675 | €2,116 | -€559 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €108,346 | €97,863 | -€10,483 | -9.7% |
| Income taxes | 67/77 | €35,845 | €32,275 | -€3,570 | -10.0% |
| Profit (loss) for the period | 9904 | €72,500 | €65,587 | -€6,913 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,500 | €65,587 | -€6,913 | -9.5% |
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 10 October 2026 via checked.be.