NICOLAY DECOR: 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.
NICOLAY DECOR
Largest movements
- Cash +€13,236
up €13,236 (+18.0%), from €73,662 to €86,899
mainly Net result for the year (+€23,150) and Depreciation (+€5,382)
- Receivables within one year +€4,861
up €4,861 (+44.4%), from €10,946 to €15,807
of which Trade receivables: +€3,204
- Tangible fixed assets +€3,818
up €3,818 (+3.6%), from €106,374 to €110,192
of which Furniture and vehicles: +€2,896
- Reserves +€23,150
up €23,150 (+10.8%), from €214,956 to €238,106
- Current portion of long-term debt -€6,142
down €6,142 (-78.5%), from €7,824 to €1,683
- Trade debts +€5,289
up €5,289 (+92.6%), from €5,714 to €11,003
- Financial income +€14,539
up €14,539 (+3,525%), from €412 to €14,951
of which Non-recurring financial income: +€14,951
- Gross operating margin +€6,667
up €6,667 (+37.7%), from €17,673 to €24,340
- Taxes +€6,335
up €6,335 (+353%), from €1,794 to €8,130
- Depreciation -€3,576
down €3,576 (-39.9%), from €8,958 to €5,382
- Other operating charges -€2,866
down €2,866 (-70.1%), from €4,090 to €1,224
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 | €240,741 | €262,412 | +€21,671 | +9.0% |
| Fixed assets | 21/28 | €106,746 | €110,564 | +€3,818 | +3.6% |
| Tangible fixed assets | 22/27 | €106,374 | €110,192 | +€3,818 | +3.6% |
| Land and buildings | 22 | €91,583 | €93,911 | +€2,328 | +2.5% |
| Plant, machinery and equipment | 23 | €3,397 | €1,990 | -€1,406 | -41.4% |
| Furniture and vehicles | 24 | €11,395 | €14,291 | +€2,896 | +25.4% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €133,995 | €151,848 | +€17,853 | +13.3% |
| Amounts receivable after more than one year | 29 | €23,354 | €23,354 | = | 0.0% |
| Other amounts receivable | 291 | €23,354 | €23,354 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,946 | €15,807 | +€4,861 | +44.4% |
| Trade receivables | 40 | €7,552 | €10,755 | +€3,204 | +42.4% |
| Other amounts receivable | 41 | €3,395 | €5,051 | +€1,657 | +48.8% |
| Current investments | 50/53 | €25,326 | €25,326 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,662 | €86,899 | +€13,236 | +18.0% |
| Deferred charges and accrued income | 490/1 | €706 | €462 | -€244 | -34.5% |
| Total equity and liabilities | 10/49 | €240,741 | €262,412 | +€21,671 | +9.0% |
| Equity | 10/15 | €218,720 | €241,870 | +€23,150 | +10.6% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €214,956 | €238,106 | +€23,150 | +10.8% |
| Distributable reserves | 133 | €214,956 | €238,106 | +€23,150 | +10.8% |
| Profit (loss) carried forward | 14 | -€15,736 | -€15,736 | = | 0.0% |
| Amounts payable | 17/49 | €22,021 | €20,542 | -€1,478 | -6.7% |
| Amounts payable after more than one year | 17 | €1,540 | €0 | -€1,540 | -100% |
| Financial debts | 170/4 | €1,540 | €0 | -€1,540 | -100% |
| Amounts payable within one year | 42/48 | €20,480 | €20,542 | +€62 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €7,824 | €1,683 | -€6,142 | -78.5% |
| Trade debts | 44 | €5,714 | €11,003 | +€5,289 | +92.6% |
| Suppliers | 440/4 | €5,714 | €11,003 | +€5,289 | +92.6% |
| Taxes, remuneration and social security | 45 | €6,942 | €7,242 | +€300 | +4.3% |
| Taxes | 450/3 | €3,572 | €3,872 | +€300 | +8.4% |
| Remuneration and social security | 454/9 | €3,370 | €3,370 | = | 0.0% |
| Other amounts payable | 47/48 | - | €615 | +€615 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,958 | €5,382 | -€3,576 | -39.9% |
| Other operating charges | 640/8 | €4,090 | €1,224 | -€2,866 | -70.1% |
| Gross operating margin | 9900 | €17,673 | €24,340 | +€6,667 | +37.7% |
| Operating profit (loss) | 9901 | €4,625 | €17,734 | +€13,109 | +283% |
| Financial income | 75/76B | €412 | €14,951 | +€14,539 | +3,525% |
| Recurring financial income | 75 | €412 | €0 | -€412 | -100.0% |
| Non-recurring financial income | 76B | - | €14,951 | +€14,951 | |
| Financial charges | 65/66B | €1,993 | €1,406 | -€586 | -29.4% |
| Recurring financial charges | 65 | €1,993 | €1,406 | -€586 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €3,045 | €31,279 | +€28,234 | +927% |
| Income taxes | 67/77 | €1,794 | €8,130 | +€6,335 | +353% |
| Profit (loss) for the period | 9904 | €1,250 | €23,150 | +€21,899 | +1,751% |
| Profit (loss) for the period to be appropriated | 9905 | €1,250 | €23,150 | +€21,899 | +1,751% |
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 24 October 2026 via checked.be.