NICOLETTO: 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.
NICOLETTO
Largest movements
- Receivables within one year +€13,831
up €13,831 (+47.4%), from €29,173 to €43,004
of which Other amounts receivable: +€13,159
- Financial fixed assets +€2,970
up €2,970 (+40.5%), from €7,335 to €10,305
- Deferred charges and accrued income +€2,466
up €2,466 (+18.0%), from €13,704 to €16,170
- Tangible fixed assets -€1,496
down €1,496 (-5.8%), from €25,924 to €24,428
of which Land and buildings: -€3,495
- Stocks and contracts -€1,145
down €1,145 (-26.7%), from €4,285 to €3,140
- Other debts +€13,552
up €13,552 (+56.2%), from €24,133 to €37,685
- Trade debts +€3,409
up €3,409 (+19.4%), from €17,570 to €20,978
- Tax, wage and social debts -€2,551
down €2,551 (-37.0%), from €6,898 to €4,347
of which Taxes: -€3,041
- Profit (loss) carried forward +€1,664
up €1,664 (+78.1%), from €2,131 to €3,794
- Gross operating margin +€9,979
up €9,979 (+24.0%), from €41,557 to €51,536
- Other operating charges +€8,007
up €8,007 (+698.6%), from €1,146 to €9,153
- Staff costs +€6,491
up €6,491 (+26.3%), from €24,674 to €31,165
- Financial charges -€1,054
down €1,054 (-27.7%), from €3,800 to €2,746
- Depreciation +€919
up €919 (+15.6%), from €5,890 to €6,809
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,521 | €103,594 | +€16,073 | +18.4% |
| Fixed assets | 21/28 | €33,652 | €34,866 | +€1,214 | +3.6% |
| Intangible fixed assets | 21 | €393 | €133 | -€260 | -66.2% |
| Tangible fixed assets | 22/27 | €25,924 | €24,428 | -€1,496 | -5.8% |
| Land and buildings | 22 | €4,383 | €888 | -€3,495 | -79.8% |
| Plant, machinery and equipment | 23 | €6,823 | €8,357 | +€1,534 | +22.5% |
| Furniture and vehicles | 24 | €5,834 | €5,048 | -€786 | -13.5% |
| Other tangible fixed assets | 26 | €8,885 | €10,136 | +€1,251 | +14.1% |
| Financial fixed assets | 28 | €7,335 | €10,305 | +€2,970 | +40.5% |
| Current assets | 29/58 | €53,869 | €68,728 | +€14,859 | +27.6% |
| Stocks and contracts in progress | 3 | €4,285 | €3,140 | -€1,145 | -26.7% |
| Stocks | 30/36 | €4,285 | €3,140 | -€1,145 | -26.7% |
| Amounts receivable within one year | 40/41 | €29,173 | €43,004 | +€13,831 | +47.4% |
| Trade receivables | 40 | €12,101 | €12,773 | +€673 | +5.6% |
| Other amounts receivable | 41 | €17,072 | €30,231 | +€13,159 | +77.1% |
| Cash at bank and in hand | 54/58 | €6,707 | €6,414 | -€293 | -4.4% |
| Deferred charges and accrued income | 490/1 | €13,704 | €16,170 | +€2,466 | +18.0% |
| Total equity and liabilities | 10/49 | €87,521 | €103,594 | +€16,073 | +18.4% |
| Equity | 10/15 | €38,920 | €40,584 | +€1,664 | +4.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €11,789 | €11,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €9,289 | €9,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,131 | €3,794 | +€1,664 | +78.1% |
| Amounts payable | 17/49 | €48,601 | €63,010 | +€14,409 | +29.6% |
| Amounts payable within one year | 42/48 | €48,601 | €63,010 | +€14,409 | +29.6% |
| Trade debts | 44 | €17,570 | €20,978 | +€3,409 | +19.4% |
| Suppliers | 440/4 | €17,570 | €20,978 | +€3,409 | +19.4% |
| Taxes, remuneration and social security | 45 | €6,898 | €4,347 | -€2,551 | -37.0% |
| Taxes | 450/3 | €3,608 | €568 | -€3,041 | -84.3% |
| Remuneration and social security | 454/9 | €3,290 | €3,779 | +€489 | +14.9% |
| Other amounts payable | 47/48 | €24,133 | €37,685 | +€13,552 | +56.2% |
| Remuneration, social security and pensions | 62 | €24,674 | €31,165 | +€6,491 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,890 | €6,809 | +€919 | +15.6% |
| Other operating charges | 640/8 | €1,146 | €9,153 | +€8,007 | +698.6% |
| Gross operating margin | 9900 | €41,557 | €51,536 | +€9,979 | +24.0% |
| Operating profit (loss) | 9901 | €9,847 | €4,408 | -€5,438 | -55.2% |
| Financial income | 75/76B | €70 | €1 | -€69 | -99.0% |
| Recurring financial income | 75 | €70 | €1 | -€69 | -99.0% |
| Financial charges | 65/66B | €3,800 | €2,746 | -€1,054 | -27.7% |
| Recurring financial charges | 65 | €3,800 | €2,746 | -€1,054 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €6,117 | €1,664 | -€4,453 | -72.8% |
| Income taxes | 67/77 | €114 | - | -€114 | |
| Profit (loss) for the period | 9904 | €6,003 | €1,664 | -€4,339 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,003 | €1,664 | -€4,339 | -72.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.