NICOLAS ORTS: 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.
What changed
NICOLAS ORTS
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€519,025
2024 · €201,863+€317,162
Equity
€3.1m
2024 · €2.6m+€436,561
Cash
€202,088
2024 · €214,062-€11,973
Balance sheet total
€12.6m
2024 · €13.0m-€480,901
Largest movements
Assets
- Tangible fixed assets -€549,973
down €549,973 (-4.3%), from €12.8m to €12.2m
of which Land and buildings: -€499,955
Equity and liabilities
- Debts after one year -€925,144
down €925,144 (-9.8%), from €9.4m to €8.5m
of which Financial debts: -€925,144
- Reserves +€436,561
up €436,561 (+37.7%), from €1.2m to €1.6m
of which Distributable reserves: +€441,576
Income statement
- Gross operating margin +€446,068
up €446,068 (+36.5%), from €1.2m to €1.7m
- Taxes +€150,853
up €150,853 (+146%), from €103,448 to €254,301
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.
Result 2024
€201,863
Gross operating margin
+€446,068
Staff costs
-€11,949
Depreciation
+€8,283
Other operating charges
+€13,666
Financial income
-€7
Financial charges
+€8,467
Taxes
-€150,853
Deferred taxes and other
+€3,486
Result 2025
€519,025
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€915,540
Investment
+€46,873
Financing
-€974,387
Cash 2024
€214,062
From operations (derived)
+€915,540
Net result for the year
+€519,025
Depreciation
+€503,100
Receivables within one year
-€78,906
Smaller working-capital items
-€1,505
Provisions
-€2,582
Trade debts
+€54,923
Tax, wage and social debts
+€32,740
Other debts
-€111,253
Investment (derived)
+€46,873
Investment in fixed assets (net)
+€46,873
Financing
-€974,387
Debts after one year
-€925,144
Current portion of long-term debt
+€33,222
Contributions, distributions and other
-€82,464
Cash 2025
€202,088
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,044,326 | €12,563,425 | -€480,901 | -3.7% |
| Fixed assets | 21/28 | €12,784,979 | €12,235,006 | -€549,973 | -4.3% |
| Tangible fixed assets | 22/27 | €12,783,979 | €12,234,006 | -€549,973 | -4.3% |
| Land and buildings | 22 | €9,315,433 | €8,815,478 | -€499,955 | -5.4% |
| Plant, machinery and equipment | 23 | €3,240,050 | €3,222,819 | -€17,231 | -0.5% |
| Furniture and vehicles | 24 | €128,359 | €108,694 | -€19,665 | -15.3% |
| Leasing and similar rights | 25 | €45,404 | €32,281 | -€13,123 | -28.9% |
| Other tangible fixed assets | 26 | €54,732 | €54,732 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €259,347 | €328,419 | +€69,072 | +26.6% |
| Amounts receivable within one year | 40/41 | €38,033 | €116,940 | +€78,906 | +207% |
| Trade receivables | 40 | €0 | €57,613 | +€57,613 | |
| Other amounts receivable | 41 | €38,033 | €59,326 | +€21,293 | +56.0% |
| Current investments | 50/53 | €176 | €176 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €214,062 | €202,088 | -€11,973 | -5.6% |
| Deferred charges and accrued income | 490/1 | €7,077 | €9,215 | +€2,139 | +30.2% |
| Total equity and liabilities | 10/49 | €13,044,326 | €12,563,425 | -€480,901 | -3.7% |
| Equity | 10/15 | €2,616,311 | €3,052,872 | +€436,561 | +16.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,158,761 | €1,595,322 | +€436,561 | +37.7% |
| Tax-exempt reserves | 132 | €115,987 | €110,972 | -€5,015 | -4.3% |
| Distributable reserves | 133 | €1,042,774 | €1,484,350 | +€441,576 | +42.3% |
| Profit (loss) carried forward | 14 | €1,438,958 | €1,438,958 | = | 0.0% |
| Provisions and deferred taxes | 16 | €59,724 | €57,142 | -€2,582 | -4.3% |
| Deferred taxes | 168 | €59,724 | €57,142 | -€2,582 | -4.3% |
| Amounts payable | 17/49 | €10,368,290 | €9,453,411 | -€914,879 | -8.8% |
| Amounts payable after more than one year | 17 | €9,441,480 | €8,516,336 | -€925,144 | -9.8% |
| Financial debts | 170/4 | €9,431,480 | €8,506,336 | -€925,144 | -9.8% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €926,810 | €936,442 | +€9,631 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €631,549 | €664,771 | +€33,222 | +5.3% |
| Trade debts | 44 | €21,742 | €76,665 | +€54,923 | +253% |
| Suppliers | 440/4 | €21,742 | €76,665 | +€54,923 | +253% |
| Taxes, remuneration and social security | 45 | €23,505 | €56,246 | +€32,740 | +139% |
| Taxes | 450/3 | €16,387 | €50,189 | +€33,803 | +206% |
| Remuneration and social security | 454/9 | €7,119 | €6,056 | -€1,063 | -14.9% |
| Other amounts payable | 47/48 | €250,013 | €138,760 | -€111,253 | -44.5% |
| Accrued charges and deferred income | 492/3 | - | €634 | +€634 | |
| Remuneration, social security and pensions | 62 | €63,498 | €75,447 | +€11,949 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €511,383 | €503,100 | -€8,283 | -1.6% |
| Other operating charges | 640/8 | €128,226 | €114,559 | -€13,666 | -10.7% |
| Gross operating margin | 9900 | €1,221,950 | €1,668,018 | +€446,068 | +36.5% |
| Operating profit (loss) | 9901 | €518,843 | €974,911 | +€456,069 | +87.9% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €217,650 | €209,184 | -€8,467 | -3.9% |
| Recurring financial charges | 65 | €217,650 | €209,184 | -€8,467 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €301,199 | €765,728 | +€464,528 | +154% |
| Transfer from deferred taxes | 780 | €4,111 | €7,598 | +€3,486 | +84.8% |
| Income taxes | 67/77 | €103,448 | €254,301 | +€150,853 | +146% |
| Profit (loss) for the period | 9904 | €201,863 | €519,025 | +€317,162 | +157% |
| Transfer from tax-exempt reserves | 789 | €7,985 | €0 | -€7,985 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €209,848 | €519,025 | +€309,177 | +147% |
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 22 October 2026 via checked.be.