Nicolas & Romy: 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 & Romy
Largest movements
- Tangible fixed assets -€15,796
down €15,796 (-4.2%), from €373,702 to €357,906
of which Land and buildings: -€21,723
- Cash +€6,699
up €6,699 (+129%), from €5,198 to €11,897
mainly Net result for the year (+€46,534) and Depreciation (+€35,089)
- Profit (loss) carried forward +€46,534
up €46,534 (+34.3%), from -€135,613 to -€89,078
- Trade debts -€30,684
down €30,684 (-32.8%), from €93,530 to €62,847
- Debts after one year -€26,097
down €26,097 (-11.0%), from €237,481 to €211,384
- Current portion of long-term debt -€5,044
down €5,044 (-16.2%), from €31,141 to €26,097
- Depreciation -€27,453
down €27,453 (-43.9%), from €62,542 to €35,089
- Staff costs -€23,088
down €23,088 (-18.9%), from €122,059 to €98,971
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 | €401,557 | €390,920 | -€10,636 | -2.6% |
| Fixed assets | 21/28 | €376,011 | €357,906 | -€18,105 | -4.8% |
| Intangible fixed assets | 21 | €2,309 | - | -€2,309 | |
| Tangible fixed assets | 22/27 | €373,702 | €357,906 | -€15,796 | -4.2% |
| Land and buildings | 22 | €351,441 | €329,718 | -€21,723 | -6.2% |
| Plant, machinery and equipment | 23 | €20,536 | €24,722 | +€4,187 | +20.4% |
| Furniture and vehicles | 24 | €1,725 | €3,466 | +€1,741 | +101% |
| Current assets | 29/58 | €25,545 | €33,014 | +€7,469 | +29.2% |
| Stocks and contracts in progress | 3 | €6,701 | €6,837 | +€136 | +2.0% |
| Stocks | 30/36 | €6,701 | €6,837 | +€136 | +2.0% |
| Amounts receivable within one year | 40/41 | €10,426 | €13,877 | +€3,451 | +33.1% |
| Trade receivables | 40 | €2,453 | €9,996 | +€7,543 | +307% |
| Other amounts receivable | 41 | €7,972 | €3,881 | -€4,092 | -51.3% |
| Cash at bank and in hand | 54/58 | €5,198 | €11,897 | +€6,699 | +129% |
| Deferred charges and accrued income | 490/1 | €3,221 | €404 | -€2,817 | -87.5% |
| Total equity and liabilities | 10/49 | €401,557 | €390,920 | -€10,636 | -2.6% |
| Equity | 10/15 | -€57,063 | -€10,528 | +€46,534 | +81.5% |
| Contributions | 10/11 | €78,550 | €78,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,613 | -€89,078 | +€46,534 | +34.3% |
| Amounts payable | 17/49 | €458,619 | €401,449 | -€57,171 | -12.5% |
| Amounts payable after more than one year | 17 | €237,481 | €211,384 | -€26,097 | -11.0% |
| Financial debts | 170/4 | €237,481 | €211,384 | -€26,097 | -11.0% |
| Amounts payable within one year | 42/48 | €220,832 | €189,571 | -€31,262 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €31,141 | €26,097 | -€5,044 | -16.2% |
| Trade debts | 44 | €93,530 | €62,847 | -€30,684 | -32.8% |
| Suppliers | 440/4 | €93,530 | €62,847 | -€30,684 | -32.8% |
| Taxes, remuneration and social security | 45 | €13,004 | €14,975 | +€1,971 | +15.2% |
| Taxes | 450/3 | €1,330 | €4,858 | +€3,528 | +265% |
| Remuneration and social security | 454/9 | €11,674 | €10,117 | -€1,557 | -13.3% |
| Other amounts payable | 47/48 | €83,158 | €85,653 | +€2,495 | +3.0% |
| Accrued charges and deferred income | 492/3 | €306 | €494 | +€188 | +61.4% |
| Non-recurring operating income | 76A | - | €764 | +€764 | |
| Remuneration, social security and pensions | 62 | €122,059 | €98,971 | -€23,088 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,542 | €35,089 | -€27,453 | -43.9% |
| Other operating charges | 640/8 | €6,689 | €5,491 | -€1,198 | -17.9% |
| Gross operating margin | 9900 | €198,121 | €199,779 | +€1,659 | +0.8% |
| Operating profit (loss) | 9901 | €6,831 | €60,229 | +€53,398 | +782% |
| Financial income | 75/76B | €5 | €10 | +€4 | +85.0% |
| Recurring financial income | 75 | €5 | €10 | +€4 | +85.0% |
| Financial charges | 65/66B | €11,397 | €13,166 | +€1,769 | +15.5% |
| Recurring financial charges | 65 | €11,397 | €13,166 | +€1,769 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,561 | €47,073 | +€51,634 | |
| Income taxes | 67/77 | €750 | €538 | -€212 | -28.2% |
| Profit (loss) for the period | 9904 | -€5,311 | €46,534 | +€51,845 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,311 | €46,534 | +€51,845 |
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 16 October 2026 via checked.be.