NICOLAU-COMPERE: 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.
NICOLAU-COMPERE
Largest movements
- Cash +€20,760
up €20,760 (+438%), from €4,735 to €25,496
mainly Net result for the year (+€32,501) and Tax, wage and social debts (+€3,004)
- Receivables within one year +€6,309
up €6,309 (+21.1%), from €29,864 to €36,173
of which Other amounts receivable: +€7,902
- Stocks and contracts +€1,255
up €1,255 (+104%), from €1,209 to €2,464
- Reserves +€18,000
up €18,000 (+110%), from €16,430 to €34,430
- Profit (loss) carried forward +€14,501
up €14,501 (+70.6%), from -€20,554 to -€6,053
- Short-term financial debts -€3,064
no longer reported in 2025 (was €3,064)
- Tax, wage and social debts +€3,004
up €3,004 (+23.1%), from €13,000 to €16,004
of which Taxes: +€3,985
- Trade debts -€2,112
down €2,112 (-60.0%), from €3,520 to €1,408
- Gross operating margin +€22,913
up €22,913 (+52.5%), from €43,657 to €66,571
- Taxes +€8,084
up €8,084 (+539%), from €1,500 to €9,584
- Staff costs -€1,328
down €1,328 (-6.0%), from €22,321 to €20,993
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 | €36,641 | €64,389 | +€27,748 | +75.7% |
| Fixed assets | 21/28 | €833 | €257 | -€576 | -69.1% |
| Tangible fixed assets | 22/27 | €833 | €257 | -€576 | -69.1% |
| Plant, machinery and equipment | 23 | €833 | €257 | -€576 | -69.1% |
| Current assets | 29/58 | €35,808 | €64,132 | +€28,324 | +79.1% |
| Stocks and contracts in progress | 3 | €1,209 | €2,464 | +€1,255 | +104% |
| Stocks | 30/36 | €1,209 | €2,464 | +€1,255 | +104% |
| Amounts receivable within one year | 40/41 | €29,864 | €36,173 | +€6,309 | +21.1% |
| Trade receivables | 40 | €3,576 | €1,982 | -€1,594 | -44.6% |
| Other amounts receivable | 41 | €26,288 | €34,190 | +€7,902 | +30.1% |
| Cash at bank and in hand | 54/58 | €4,735 | €25,496 | +€20,760 | +438% |
| Total equity and liabilities | 10/49 | €36,641 | €64,389 | +€27,748 | +75.7% |
| Equity | 10/15 | €14,476 | €46,977 | +€32,501 | +225% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,430 | €34,430 | +€18,000 | +110% |
| Distributable reserves | 133 | €16,430 | €34,430 | +€18,000 | +110% |
| Profit (loss) carried forward | 14 | -€20,554 | -€6,053 | +€14,501 | +70.6% |
| Amounts payable | 17/49 | €22,166 | €17,412 | -€4,753 | -21.4% |
| Amounts payable within one year | 42/48 | €21,876 | €17,412 | -€4,464 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €1,092 | - | -€1,092 | |
| Financial debts | 43 | €3,064 | - | -€3,064 | |
| Credit institutions | 430/8 | €3,064 | - | -€3,064 | |
| Trade debts | 44 | €3,520 | €1,408 | -€2,112 | -60.0% |
| Suppliers | 440/4 | €3,520 | €1,408 | -€2,112 | -60.0% |
| Taxes, remuneration and social security | 45 | €13,000 | €16,004 | +€3,004 | +23.1% |
| Taxes | 450/3 | €6,513 | €10,498 | +€3,985 | +61.2% |
| Remuneration and social security | 454/9 | €6,486 | €5,506 | -€981 | -15.1% |
| Other amounts payable | 47/48 | €1,200 | - | -€1,200 | |
| Accrued charges and deferred income | 492/3 | €290 | - | -€290 | |
| Remuneration, social security and pensions | 62 | €22,321 | €20,993 | -€1,328 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €576 | €576 | = | 0.0% |
| Other operating charges | 640/8 | €591 | €858 | +€267 | +45.1% |
| Gross operating margin | 9900 | €43,657 | €66,571 | +€22,913 | +52.5% |
| Operating profit (loss) | 9901 | €20,169 | €44,144 | +€23,975 | +119% |
| Financial income | 75/76B | €1 | €1 | +€0 | +13.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +13.7% |
| Financial charges | 65/66B | €2,568 | €2,059 | -€510 | -19.8% |
| Recurring financial charges | 65 | €2,568 | €2,059 | -€510 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €17,601 | €42,085 | +€24,484 | +139% |
| Income taxes | 67/77 | €1,500 | €9,584 | +€8,084 | +539% |
| Profit (loss) for the period | 9904 | €16,101 | €32,501 | +€16,400 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €16,101 | €32,501 | +€16,400 | +102% |
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 25 October 2026 via checked.be.