NICOLI: 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.
NICOLI
Largest movements
- Receivables within one year +€8,958
up €8,958 (+21,151%), from €42 to €9,000
of which Trade receivables: +€9,000
- Tangible fixed assets -€3,520
down €3,520 (-8.2%), from €42,964 to €39,445
of which Land and buildings: -€2,250
- Other debts +€16,165
up €16,165 (+12.7%), from €127,743 to €143,908
- Reserves -€11,100
down €11,100 (-13.0%), from €85,600 to €74,500
- Tax, wage and social debts +€4,182
new in 2025: €4,182
- Debts after one year -€4,134
down €4,134 (-15.6%), from €26,485 to €22,351
- Gross operating margin +€22,179
up €22,179 (+356%), from €6,239 to €28,417
- Taxes +€8,225
up €8,225 (+859%), from €958 to €9,182
- Staff costs +€1,865
new in 2025: €1,865
- Financial charges -€892
down €892 (-19.5%), from €4,575 to €3,683
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 | €249,354 | €254,831 | +€5,477 | +2.2% |
| Fixed assets | 21/28 | €246,964 | €243,445 | -€3,520 | -1.4% |
| Tangible fixed assets | 22/27 | €42,964 | €39,445 | -€3,520 | -8.2% |
| Land and buildings | 22 | €39,591 | €37,341 | -€2,250 | -5.7% |
| Furniture and vehicles | 24 | €3,373 | €2,104 | -€1,270 | -37.6% |
| Financial fixed assets | 28 | €204,000 | €204,000 | = | 0.0% |
| Current assets | 29/58 | €2,389 | €11,386 | +€8,997 | +377% |
| Amounts receivable within one year | 40/41 | €42 | €9,000 | +€8,958 | +21,151% |
| Trade receivables | 40 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 41 | €42 | - | -€42 | |
| Cash at bank and in hand | 54/58 | €1,462 | €1,513 | +€51 | +3.5% |
| Deferred charges and accrued income | 490/1 | €885 | €873 | -€12 | -1.3% |
| Total equity and liabilities | 10/49 | €249,354 | €254,831 | +€5,477 | +2.2% |
| Equity | 10/15 | €86,318 | €76,142 | -€10,176 | -11.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €85,600 | €74,500 | -€11,100 | -13.0% |
| Distributable reserves | 133 | €85,600 | €74,500 | -€11,100 | -13.0% |
| Profit (loss) carried forward | 14 | -€11,683 | -€10,758 | +€924 | +7.9% |
| Amounts payable | 17/49 | €163,036 | €178,689 | +€15,653 | +9.6% |
| Amounts payable after more than one year | 17 | €26,485 | €22,351 | -€4,134 | -15.6% |
| Financial debts | 170/4 | €26,485 | €22,351 | -€4,134 | -15.6% |
| Amounts payable within one year | 42/48 | €136,551 | €156,339 | +€19,788 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €4,052 | €4,134 | +€82 | +2.0% |
| Trade debts | 44 | €4,756 | €4,114 | -€642 | -13.5% |
| Suppliers | 440/4 | €4,756 | €4,114 | -€642 | -13.5% |
| Taxes, remuneration and social security | 45 | - | €4,182 | +€4,182 | |
| Taxes | 450/3 | - | €4,182 | +€4,182 | |
| Other amounts payable | 47/48 | €127,743 | €143,908 | +€16,165 | +12.7% |
| Remuneration, social security and pensions | 62 | - | €1,865 | +€1,865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,833 | €4,617 | -€217 | -4.5% |
| Other operating charges | 640/8 | €1,138 | €1,146 | +€9 | +0.8% |
| Gross operating margin | 9900 | €6,239 | €28,417 | +€22,179 | +356% |
| Operating profit (loss) | 9901 | €268 | €20,789 | +€20,522 | +7,663% |
| Financial charges | 65/66B | €4,575 | €3,683 | -€892 | -19.5% |
| Recurring financial charges | 65 | €4,575 | €3,683 | -€892 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,307 | €17,106 | +€21,413 | |
| Income taxes | 67/77 | €958 | €9,182 | +€8,225 | +859% |
| Profit (loss) for the period | 9904 | -€5,265 | €7,924 | +€13,189 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,265 | €7,924 | +€13,189 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.