NICOMAN IMMO: 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.
NICOMAN IMMO
Largest movements
- Tangible fixed assets -€10,971
down €10,971 (-4.2%), from €260,564 to €249,593
of which Land and buildings: -€10,262
- Debts after one year -€20,126
down €20,126 (-12.5%), from €161,331 to €141,205
- Other debts +€10,930
up €10,930 (+875%), from €1,249 to €12,179
- Tax, wage and social debts -€7,233
down €7,233 (-47.1%), from €15,347 to €8,114
of which Taxes: -€7,233
- Reserves +€5,796
up €5,796 (+7.8%), from €74,616 to €80,411
- Gross operating margin +€3,675
up €3,675 (+9.2%), from €40,050 to €43,725
- Taxes +€939
up €939 (+15.4%), from €6,080 to €7,019
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 | €274,208 | €263,375 | -€10,833 | -4.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €260,594 | €249,623 | -€10,971 | -4.2% |
| Tangible fixed assets | 22/27 | €260,564 | €249,593 | -€10,971 | -4.2% |
| Land and buildings | 22 | €258,674 | €248,411 | -€10,262 | -4.0% |
| Plant, machinery and equipment | 23 | €1,680 | €1,120 | -€560 | -33.3% |
| Furniture and vehicles | 24 | €210 | €62 | -€148 | -70.5% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €13,614 | €13,752 | +€138 | +1.0% |
| Amounts receivable within one year | 40/41 | €10,318 | €8,321 | -€1,997 | -19.4% |
| Trade receivables | 40 | €10,164 | €0 | -€10,164 | -100% |
| Other amounts receivable | 41 | €154 | €8,321 | +€8,167 | +5,308% |
| Cash at bank and in hand | 54/58 | €2,257 | €4,360 | +€2,103 | +93.2% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,071 | +€32 | +3.1% |
| Total equity and liabilities | 10/49 | €274,208 | €263,375 | -€10,833 | -4.0% |
| Equity | 10/15 | €72,804 | €78,599 | +€5,796 | +8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,616 | €80,411 | +€5,796 | +7.8% |
| Distributable reserves | 133 | €74,616 | €80,411 | +€5,796 | +7.8% |
| Profit (loss) carried forward | 14 | -€14,212 | -€14,212 | = | 0.0% |
| Amounts payable | 17/49 | €201,404 | €184,776 | -€16,628 | -8.3% |
| Amounts payable after more than one year | 17 | €161,331 | €141,205 | -€20,126 | -12.5% |
| Financial debts | 170/4 | €161,331 | €141,205 | -€20,126 | -12.5% |
| Amounts payable within one year | 42/48 | €37,073 | €40,571 | +€3,498 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €19,724 | €20,126 | +€402 | +2.0% |
| Trade debts | 44 | €753 | €152 | -€601 | -79.9% |
| Suppliers | 440/4 | €753 | €152 | -€601 | -79.9% |
| Taxes, remuneration and social security | 45 | €15,347 | €8,114 | -€7,233 | -47.1% |
| Taxes | 450/3 | €15,347 | €8,114 | -€7,233 | -47.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,249 | €12,179 | +€10,930 | +875% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,971 | €10,971 | = | 0.0% |
| Other operating charges | 640/8 | €3,718 | €3,731 | +€13 | +0.3% |
| Gross operating margin | 9900 | €40,050 | €43,725 | +€3,675 | +9.2% |
| Operating profit (loss) | 9901 | €25,361 | €29,023 | +€3,662 | +14.4% |
| Financial charges | 65/66B | €4,026 | €3,612 | -€414 | -10.3% |
| Recurring financial charges | 65 | €4,026 | €3,612 | -€414 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €21,335 | €25,412 | +€4,076 | +19.1% |
| Income taxes | 67/77 | €6,080 | €7,019 | +€939 | +15.4% |
| Profit (loss) for the period | 9904 | €15,255 | €18,392 | +€3,137 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,255 | €18,392 | +€3,137 | +20.6% |
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 23 October 2026 via checked.be.