NICOLAS: 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.
NICOLAS
Largest movements
- Cash -€146,871
down €146,871 (-47.1%), from €311,739 to €164,868
mainly Investment in fixed assets (net) (-€129,280) and Stocks and contracts (-€95,401)
- Tangible fixed assets +€107,303
up €107,303 (+2705.4%), from €3,966 to €111,269
of which Furniture and vehicles: +€107,604
- Stocks and contracts +€95,401
up €95,401 (+15.9%), from €598,986 to €694,387
of which Contracts in progress: +€165,213
- Receivables within one year +€30,000
up €30,000 (+9.1%), from €327,944 to €357,945
of which Other amounts receivable: +€46,375
- Trade debts +€88,394
up €88,394 (+41.1%), from €215,194 to €303,588
- Debts after one year +€76,450
new in 2024: €76,450
- Reserves -€40,000
down €40,000 (-6.6%), from €607,963 to €567,963
- Profit (loss) carried forward -€25,818
new in 2024: -€25,818
- Accrued charges and deferred income -€14,029
down €14,029 (-45.3%), from €30,953 to €16,924
- Gross operating margin -€107,847
down €107,847 (-17.1%), from €629,664 to €521,817
- Taxes -€42,686
down €42,686 (-99.2%), from €43,047 to €361
- Staff costs +€22,090
up €22,090 (+4.6%), from €476,850 to €498,939
- Depreciation +€15,191
up €15,191 (+223.9%), from €6,786 to €21,977
- Financial charges +€10,098
up €10,098 (+118.6%), from €8,517 to €18,615
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,285,753 | €1,376,719 | +€90,966 | +7.1% |
| Fixed assets | 21/28 | €34,747 | €142,050 | +€107,303 | +308.8% |
| Tangible fixed assets | 22/27 | €3,966 | €111,269 | +€107,303 | +2705.4% |
| Plant, machinery and equipment | 23 | €1,356 | €1,054 | -€301 | -22.2% |
| Furniture and vehicles | 24 | €2,611 | €110,215 | +€107,604 | +4121.6% |
| Financial fixed assets | 28 | €30,781 | €30,781 | = | 0.0% |
| Current assets | 29/58 | €1,251,006 | €1,234,669 | -€16,337 | -1.3% |
| Stocks and contracts in progress | 3 | €598,986 | €694,387 | +€95,401 | +15.9% |
| Stocks | 30/36 | €313,902 | €244,090 | -€69,812 | -22.2% |
| Contracts in progress | 37 | €285,084 | €450,297 | +€165,213 | +58.0% |
| Amounts receivable within one year | 40/41 | €327,944 | €357,945 | +€30,000 | +9.1% |
| Trade receivables | 40 | €291,675 | €275,301 | -€16,374 | -5.6% |
| Other amounts receivable | 41 | €36,269 | €82,644 | +€46,375 | +127.9% |
| Cash at bank and in hand | 54/58 | €311,739 | €164,868 | -€146,871 | -47.1% |
| Deferred charges and accrued income | 490/1 | €12,338 | €17,470 | +€5,132 | +41.6% |
| Total equity and liabilities | 10/49 | €1,285,753 | €1,376,719 | +€90,966 | +7.1% |
| Equity | 10/15 | €734,563 | €668,745 | -€65,818 | -9.0% |
| Contributions | 10/11 | €126,600 | €126,600 | = | 0.0% |
| Reserves | 13 | €607,963 | €567,963 | -€40,000 | -6.6% |
| Distributable reserves | 133 | €607,963 | €567,963 | -€40,000 | -6.6% |
| Profit (loss) carried forward | 14 | - | -€25,818 | -€25,818 | |
| Amounts payable | 17/49 | €551,190 | €707,974 | +€156,783 | +28.4% |
| Amounts payable after more than one year | 17 | - | €76,450 | +€76,450 | |
| Financial debts | 170/4 | - | €76,450 | +€76,450 | |
| Amounts payable within one year | 42/48 | €520,238 | €614,600 | +€94,363 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €175,000 | €188,226 | +€13,226 | +7.6% |
| Trade debts | 44 | €215,194 | €303,588 | +€88,394 | +41.1% |
| Suppliers | 440/4 | €215,194 | €303,588 | +€88,394 | +41.1% |
| Taxes, remuneration and social security | 45 | €76,398 | €74,756 | -€1,642 | -2.1% |
| Taxes | 450/3 | €9,773 | €8,543 | -€1,230 | -12.6% |
| Remuneration and social security | 454/9 | €66,625 | €66,213 | -€413 | -0.6% |
| Other amounts payable | 47/48 | €53,646 | €48,031 | -€5,615 | -10.5% |
| Accrued charges and deferred income | 492/3 | €30,953 | €16,924 | -€14,029 | -45.3% |
| Non-recurring operating income | 76A | - | €12,370 | +€12,370 | |
| Remuneration, social security and pensions | 62 | €476,850 | €498,939 | +€22,090 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,786 | €21,977 | +€15,191 | +223.9% |
| Other operating charges | 640/8 | €2,141 | €2,278 | +€137 | +6.4% |
| Non-recurring operating charges | 66A | - | €6,494 | +€6,494 | |
| Gross operating margin | 9900 | €629,664 | €521,817 | -€107,847 | -17.1% |
| Operating profit (loss) | 9901 | €143,887 | -€7,872 | -€151,759 | |
| Financial income | 75/76B | €1,802 | €1,029 | -€773 | -42.9% |
| Recurring financial income | 75 | €1,802 | €1,029 | -€773 | -42.9% |
| Financial charges | 65/66B | €8,517 | €18,615 | +€10,098 | +118.6% |
| Recurring financial charges | 65 | €8,517 | €18,615 | +€10,098 | +118.6% |
| Profit (loss) for the period before taxes | 9903 | €137,173 | -€25,457 | -€162,630 | |
| Income taxes | 67/77 | €43,047 | €361 | -€42,686 | -99.2% |
| Profit (loss) for the period | 9904 | €94,126 | -€25,818 | -€119,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,126 | -€25,818 | -€119,944 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.