NICOLAS ELEC: 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.
NICOLAS ELEC
Largest movements
- Tangible fixed assets +€36,701
new in 2025: €36,701
of which Furniture and vehicles: +€27,706
- Cash +€3,426
up €3,426 (+143%), from €2,393 to €5,819
mainly Net result for the year (+€20,339) and Trade debts (+€12,998)
- Receivables within one year +€1,482
up €1,482 (+15.0%), from €9,865 to €11,347
of which Other amounts receivable: +€5,316
- Intangible fixed assets -€1,440
down €1,440 (-84.6%), from €1,703 to €263
- Stocks and contracts -€1,005
no longer reported in 2025 (was €1,005)
- Profit (loss) carried forward +€20,339
up €20,339 (+257%), from €7,913 to €28,252
- Trade debts +€12,998
up €12,998 (+463%), from €2,805 to €15,803
- Tax, wage and social debts +€5,302
up €5,302 (+191%), from €2,773 to €8,074
- Gross operating margin +€25,885
up €25,885 (+1,467%), from €1,764 to €27,649
- Taxes +€6,782
up €6,782 (+7,374%), from €92 to €6,874
- Write-downs -€3,423
down €3,423 (-484%), from -€708 to -€4,130
- Other operating charges +€2,485
up €2,485 (+1,243%), from €200 to €2,685
- Staff costs -€492
no longer reported in 2025 (was €492)
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.
Derived cash bridge
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 | €15,490 | €54,130 | +€38,640 | +249% |
| Fixed assets | 21/28 | €1,703 | €36,964 | +€35,261 | +2,071% |
| Intangible fixed assets | 21 | €1,703 | €263 | -€1,440 | -84.6% |
| Tangible fixed assets | 22/27 | - | €36,701 | +€36,701 | |
| Plant, machinery and equipment | 23 | - | €1,499 | +€1,499 | |
| Furniture and vehicles | 24 | - | €27,706 | +€27,706 | |
| Other tangible fixed assets | 26 | - | €7,496 | +€7,496 | |
| Current assets | 29/58 | €13,787 | €17,166 | +€3,379 | +24.5% |
| Stocks and contracts in progress | 3 | €1,005 | - | -€1,005 | |
| Stocks | 30/36 | €1,005 | - | -€1,005 | |
| Amounts receivable within one year | 40/41 | €9,865 | €11,347 | +€1,482 | +15.0% |
| Trade receivables | 40 | €6,180 | €2,346 | -€3,834 | -62.0% |
| Other amounts receivable | 41 | €3,685 | €9,001 | +€5,316 | +144% |
| Cash at bank and in hand | 54/58 | €2,393 | €5,819 | +€3,426 | +143% |
| Deferred charges and accrued income | 490/1 | €525 | - | -€525 | |
| Total equity and liabilities | 10/49 | €15,490 | €54,130 | +€38,640 | +249% |
| Equity | 10/15 | €9,913 | €30,252 | +€20,339 | +205% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,913 | €28,252 | +€20,339 | +257% |
| Amounts payable | 17/49 | €5,578 | €23,878 | +€18,300 | +328% |
| Amounts payable within one year | 42/48 | €5,578 | €23,878 | +€18,300 | +328% |
| Trade debts | 44 | €2,805 | €15,803 | +€12,998 | +463% |
| Suppliers | 440/4 | €2,805 | €15,803 | +€12,998 | +463% |
| Taxes, remuneration and social security | 45 | €2,773 | €8,074 | +€5,302 | +191% |
| Taxes | 450/3 | €2,773 | €8,074 | +€5,302 | +191% |
| Remuneration, social security and pensions | 62 | €492 | - | -€492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,440 | €1,850 | +€410 | +28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€708 | -€4,130 | -€3,423 | -484% |
| Other operating charges | 640/8 | €200 | €2,685 | +€2,485 | +1,243% |
| Gross operating margin | 9900 | €1,764 | €27,649 | +€25,885 | +1,467% |
| Operating profit (loss) | 9901 | €340 | €27,244 | +€26,904 | +7,916% |
| Financial income | 75/76B | €90 | €297 | +€207 | +229% |
| Recurring financial income | 75 | €90 | €297 | +€207 | +229% |
| Financial charges | 65/66B | €80 | €328 | +€248 | +310% |
| Recurring financial charges | 65 | €80 | €328 | +€248 | +310% |
| Profit (loss) for the period before taxes | 9903 | €350 | €27,214 | +€26,863 | +7,672% |
| Income taxes | 67/77 | €92 | €6,874 | +€6,782 | +7,374% |
| Profit (loss) for the period | 9904 | €258 | €20,339 | +€20,081 | +7,779% |
| Profit (loss) for the period to be appropriated | 9905 | €258 | €20,339 | +€20,081 | +7,779% |
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 19 October 2026 via checked.be.