NICOKARTS: 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.
NICOKARTS
Largest movements
- Tangible fixed assets +€286,773
up €286,773 (+561%), from €51,080 to €337,853
of which Land and buildings: +€302,209
- Receivables after one year -€85,000
down €85,000 (-100%), from €85,000 to €0
- Cash -€55,308
down €55,308 (-60.3%), from €91,761 to €36,453
mainly Investment in fixed assets (net) (-€362,353) and Other debts (-€38,000)
- Receivables within one year +€34,135
up €34,135 (+417%), from €8,193 to €42,328
of which Trade receivables: +€34,135
- Intangible fixed assets -€34,000
down €34,000 (-23.5%), from €144,500 to €110,500
- Debts after one year +€214,519
up €214,519 (+305%), from €70,233 to €284,752
- Other debts -€38,000
down €38,000 (-47.5%), from €80,000 to €42,000
- Accrued charges and deferred income +€23,260
up €23,260 (+3,145%), from €740 to €24,000
- Reserves -€22,954
down €22,954 (-6.6%), from €348,454 to €325,500
- Current portion of long-term debt -€9,997
down €9,997 (-9.8%), from €101,636 to €91,639
- Financial income -€50,018
down €50,018 (-100%), from €50,018 to €0
- Gross operating margin -€34,456
down €34,456 (-16.8%), from €205,337 to €170,882
- Depreciation +€27,718
up €27,718 (+33.9%), from €81,862 to €109,580
- Other operating charges -€3,041
down €3,041 (-34.7%), from €8,762 to €5,721
- Staff costs -€2,551
down €2,551 (-3.4%), from €74,396 to €71,845
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €644,535 | €806,135 | +€161,601 | +25.1% |
| Fixed assets | 21/28 | €459,580 | €712,353 | +€252,773 | +55.0% |
| Intangible fixed assets | 21 | €144,500 | €110,500 | -€34,000 | -23.5% |
| Tangible fixed assets | 22/27 | €51,080 | €337,853 | +€286,773 | +561% |
| Land and buildings | 22 | - | €302,209 | +€302,209 | |
| Plant, machinery and equipment | 23 | €47,479 | €25,969 | -€21,510 | -45.3% |
| Furniture and vehicles | 24 | €3,601 | €9,676 | +€6,075 | +169% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €264,000 | €264,000 | = | 0.0% |
| Current assets | 29/58 | €184,954 | €93,782 | -€91,172 | -49.3% |
| Amounts receivable after more than one year | 29 | €85,000 | €0 | -€85,000 | -100% |
| Other amounts receivable | 291 | €85,000 | €0 | -€85,000 | -100% |
| Amounts receivable within one year | 40/41 | €8,193 | €42,328 | +€34,135 | +417% |
| Trade receivables | 40 | €4,193 | €38,328 | +€34,135 | +814% |
| Other amounts receivable | 41 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,761 | €36,453 | -€55,308 | -60.3% |
| Deferred charges and accrued income | 490/1 | - | €15,000 | +€15,000 | |
| Total equity and liabilities | 10/49 | €644,535 | €806,135 | +€161,601 | +25.1% |
| Equity | 10/15 | €372,454 | €349,500 | -€22,954 | -6.2% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €348,454 | €325,500 | -€22,954 | -6.6% |
| Distributable reserves | 133 | €348,454 | €325,500 | -€22,954 | -6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €272,081 | €456,635 | +€184,554 | +67.8% |
| Amounts payable after more than one year | 17 | €70,233 | €284,752 | +€214,519 | +305% |
| Financial debts | 170/4 | €70,233 | €284,752 | +€214,519 | +305% |
| Amounts payable within one year | 42/48 | €201,108 | €147,883 | -€53,225 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €101,636 | €91,639 | -€9,997 | -9.8% |
| Trade debts | 44 | €7,897 | €7,333 | -€565 | -7.1% |
| Suppliers | 440/4 | €7,897 | €7,333 | -€565 | -7.1% |
| Taxes, remuneration and social security | 45 | €11,575 | €6,911 | -€4,663 | -40.3% |
| Taxes | 450/3 | €8,444 | €4,990 | -€3,454 | -40.9% |
| Remuneration and social security | 454/9 | €3,130 | €1,921 | -€1,209 | -38.6% |
| Other amounts payable | 47/48 | €80,000 | €42,000 | -€38,000 | -47.5% |
| Accrued charges and deferred income | 492/3 | €740 | €24,000 | +€23,260 | +3,145% |
| Remuneration, social security and pensions | 62 | €74,396 | €71,845 | -€2,551 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,862 | €109,580 | +€27,718 | +33.9% |
| Other operating charges | 640/8 | €8,762 | €5,721 | -€3,041 | -34.7% |
| Gross operating margin | 9900 | €205,337 | €170,882 | -€34,456 | -16.8% |
| Operating profit (loss) | 9901 | €40,318 | -€16,264 | -€56,582 | |
| Financial income | 75/76B | €50,018 | €0 | -€50,018 | -100% |
| Recurring financial income | 75 | €50,018 | €0 | -€50,018 | -100% |
| Financial charges | 65/66B | €7,568 | €6,690 | -€877 | -11.6% |
| Recurring financial charges | 65 | €7,568 | €6,690 | -€877 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €82,768 | -€22,954 | -€105,722 | |
| Income taxes | 67/77 | -€60 | €0 | +€60 | |
| Profit (loss) for the period | 9904 | €82,828 | -€22,954 | -€105,782 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,828 | -€22,954 | -€105,782 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.