NICOKONSTRUCT: 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.
NICOKONSTRUCT
Largest movements
- Receivables within one year +€105,972
up €105,972 (+206.7%), from €51,276 to €157,248
of which Trade receivables: +€105,696
- Cash +€20,978
up €20,978 (+3497.7%), from €600 to €21,577
mainly Trade debts (+€102,010) and Net result for the year (+€20,625)
- Deferred charges and accrued income -€11,483
no longer reported in 2025 (was €11,483)
- Tangible fixed assets -€5,909
down €5,909 (-20.5%), from €28,798 to €22,889
of which Plant, machinery and equipment: -€3,500
- Trade debts +€102,010
up €102,010 (+2665.3%), from €3,827 to €105,837
- Profit (loss) carried forward +€20,625
up €20,625 (+31.1%), from €66,300 to €86,925
- Tax, wage and social debts -€13,078
down €13,078 (-65.3%), from €20,029 to €6,952
- Turnover +€47,740
up €47,740 (+29.7%), from €160,935 to €208,675
- Gross operating margin +€24,249
up €24,249 (+221.5%), from €10,947 to €35,196
- Purchases and services +€23,491
up €23,491 (+15.7%), from €149,987 to €173,478
- Taxes +€5,021
up €5,021 (+315.5%), from €1,591 to €6,613
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 | €92,157 | €201,714 | +€109,557 | +118.9% |
| Fixed assets | 21/28 | €28,798 | €22,889 | -€5,909 | -20.5% |
| Tangible fixed assets | 22/27 | €28,798 | €22,889 | -€5,909 | -20.5% |
| Plant, machinery and equipment | 23 | €17,500 | €14,000 | -€3,500 | -20.0% |
| Furniture and vehicles | 24 | €11,298 | €8,889 | -€2,409 | -21.3% |
| Current assets | 29/58 | €63,359 | €178,825 | +€115,466 | +182.2% |
| Amounts receivable within one year | 40/41 | €51,276 | €157,248 | +€105,972 | +206.7% |
| Trade receivables | 40 | €37,347 | €143,044 | +€105,696 | +283.0% |
| Other amounts receivable | 41 | €13,929 | €14,204 | +€275 | +2.0% |
| Cash at bank and in hand | 54/58 | €600 | €21,577 | +€20,978 | +3497.7% |
| Deferred charges and accrued income | 490/1 | €11,483 | - | -€11,483 | |
| Total equity and liabilities | 10/49 | €92,157 | €201,714 | +€109,557 | +118.9% |
| Equity | 10/15 | €68,300 | €88,925 | +€20,625 | +30.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,300 | €86,925 | +€20,625 | +31.1% |
| Amounts payable | 17/49 | €23,857 | €112,789 | +€88,932 | +372.8% |
| Amounts payable within one year | 42/48 | €23,857 | €112,789 | +€88,932 | +372.8% |
| Trade debts | 44 | €3,827 | €105,837 | +€102,010 | +2665.3% |
| Suppliers | 440/4 | €3,827 | €105,837 | +€102,010 | +2665.3% |
| Taxes, remuneration and social security | 45 | €20,029 | €6,952 | -€13,078 | -65.3% |
| Taxes | 450/3 | €20,029 | €6,952 | -€13,078 | -65.3% |
| Turnover | 70 | €160,935 | €208,675 | +€47,740 | +29.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €149,987 | €173,478 | +€23,491 | +15.7% |
| Remuneration, social security and pensions | 62 | €237 | - | -€237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,889 | €5,909 | -€1,980 | -25.1% |
| Other operating charges | 640/8 | €1,464 | €1,170 | -€293 | -20.0% |
| Gross operating margin | 9900 | €10,947 | €35,196 | +€24,249 | +221.5% |
| Operating profit (loss) | 9901 | €1,358 | €28,117 | +€26,759 | +1970.4% |
| Financial income | 75/76B | - | €482 | +€482 | |
| Recurring financial income | 75 | - | €482 | +€482 | |
| Non-recurring financial income | 76B | - | €482 | +€482 | |
| Financial charges | 65/66B | €1,140 | €1,361 | +€221 | +19.4% |
| Recurring financial charges | 65 | €1,140 | €1,361 | +€221 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €218 | €27,238 | +€27,020 | +12390.9% |
| Income taxes | 67/77 | €1,591 | €6,613 | +€5,021 | +315.5% |
| Profit (loss) for the period | 9904 | -€1,373 | €20,625 | +€21,998 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,373 | €20,625 | +€21,998 |
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.