Nicolas Ory Construction: 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 Ory Construction
Largest movements
- Tangible fixed assets -€26,911
down €26,911 (-38.5%), from €69,949 to €43,038
of which Furniture and vehicles: -€20,519
- Receivables within one year -€16,508
down €16,508 (-17.5%), from €94,493 to €77,985
of which Other amounts receivable: -€26,065
- Tax, wage and social debts -€16,857
down €16,857 (-28.1%), from €59,937 to €43,081
of which Taxes: -€19,281
- Debts after one year -€15,979
down €15,979 (-64.1%), from €24,918 to €8,939
- Profit (loss) carried forward -€7,815
new in 2025: -€7,815
- Short-term financial debts -€6,477
no longer reported in 2025 (was €6,477)
- Trade debts +€6,296
up €6,296 (+16.4%), from €38,405 to €44,700
- Gross operating margin -€42,332
down €42,332 (-20.3%), from €208,060 to €165,728
- Staff costs -€34,984
down €34,984 (-21.0%), from €166,871 to €131,887
- Financial charges -€2,334
down €2,334 (-13.0%), from €17,925 to €15,591
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 | €165,892 | €122,230 | -€43,662 | -26.3% |
| Fixed assets | 21/28 | €69,949 | €43,038 | -€26,911 | -38.5% |
| Tangible fixed assets | 22/27 | €69,949 | €43,038 | -€26,911 | -38.5% |
| Plant, machinery and equipment | 23 | €20,340 | €13,948 | -€6,392 | -31.4% |
| Furniture and vehicles | 24 | €49,608 | €29,090 | -€20,519 | -41.4% |
| Current assets | 29/58 | €95,943 | €79,192 | -€16,751 | -17.5% |
| Amounts receivable within one year | 40/41 | €94,493 | €77,985 | -€16,508 | -17.5% |
| Trade receivables | 40 | €68,131 | €77,688 | +€9,557 | +14.0% |
| Other amounts receivable | 41 | €26,362 | €297 | -€26,065 | -98.9% |
| Cash at bank and in hand | 54/58 | - | €686 | +€686 | |
| Deferred charges and accrued income | 490/1 | €1,450 | €520 | -€930 | -64.1% |
| Total equity and liabilities | 10/49 | €165,892 | €122,230 | -€43,662 | -26.3% |
| Equity | 10/15 | €17,031 | €9,216 | -€7,815 | -45.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €5,031 | €5,031 | = | 0.0% |
| Distributable reserves | 133 | €5,031 | €5,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,815 | -€7,815 | |
| Amounts payable | 17/49 | €148,860 | €113,013 | -€35,847 | -24.1% |
| Amounts payable after more than one year | 17 | €24,918 | €8,939 | -€15,979 | -64.1% |
| Financial debts | 170/4 | €24,918 | €8,939 | -€15,979 | -64.1% |
| Amounts payable within one year | 42/48 | €123,943 | €104,075 | -€19,868 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €19,124 | €15,978 | -€3,146 | -16.5% |
| Financial debts | 43 | €6,477 | - | -€6,477 | |
| Credit institutions | 430/8 | €6,477 | - | -€6,477 | |
| Trade debts | 44 | €38,405 | €44,700 | +€6,296 | +16.4% |
| Suppliers | 440/4 | €38,405 | €44,700 | +€6,296 | +16.4% |
| Taxes, remuneration and social security | 45 | €59,937 | €43,081 | -€16,857 | -28.1% |
| Taxes | 450/3 | €35,649 | €16,367 | -€19,281 | -54.1% |
| Remuneration and social security | 454/9 | €24,288 | €26,713 | +€2,425 | +10.0% |
| Other amounts payable | 47/48 | - | €315 | +€315 | |
| Remuneration, social security and pensions | 62 | €166,871 | €131,887 | -€34,984 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,917 | €21,837 | -€2,081 | -8.7% |
| Other operating charges | 640/8 | €744 | €767 | +€23 | +3.1% |
| Non-recurring operating charges | 66A | - | €3,849 | +€3,849 | |
| Gross operating margin | 9900 | €208,060 | €165,728 | -€42,332 | -20.3% |
| Operating profit (loss) | 9901 | €16,528 | €7,389 | -€9,140 | -55.3% |
| Financial income | 75/76B | €460 | €790 | +€330 | +71.7% |
| Recurring financial income | 75 | €460 | €790 | +€330 | +71.7% |
| Financial charges | 65/66B | €17,925 | €15,591 | -€2,334 | -13.0% |
| Recurring financial charges | 65 | €17,925 | €15,591 | -€2,334 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€937 | -€7,412 | -€6,476 | -691% |
| Income taxes | 67/77 | €1,079 | €402 | -€677 | -62.7% |
| Profit (loss) for the period | 9904 | -€2,016 | -€7,815 | -€5,799 | -288% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,016 | -€7,815 | -€5,799 | -288% |
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 15 October 2026 via checked.be.