NICOMANU: 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.
NICOMANU
Largest movements
- Receivables within one year +€3,480
up €3,480 (+194%), from €1,792 to €5,271
- Tangible fixed assets -€696
down €696 (-32.4%), from €2,152 to €1,456
- Cash +€673
up €673 (+13.3%), from €5,066 to €5,738
mainly Net result for the year (+€13,782) and Depreciation (+€696)
- Profit (loss) carried forward +€3,782
up €3,782 (+10.8%), from -€35,035 to -€31,253
- Trade debts -€180
down €180 (-4.7%), from €3,862 to €3,682
- Tax, wage and social debts -€146
down €146 (-4.6%), from €3,178 to €3,033
of which Remuneration and social security: -€1,271
- Staff costs -€22,391
down €22,391 (-58.3%), from €38,439 to €16,048
- Gross operating margin -€7,826
down €7,826 (-18.2%), from €42,991 to €35,165
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 | €9,679 | €13,135 | +€3,456 | +35.7% |
| Fixed assets | 21/28 | €2,821 | €2,125 | -€696 | -24.7% |
| Tangible fixed assets | 22/27 | €2,152 | €1,456 | -€696 | -32.4% |
| Furniture and vehicles | 24 | €2,152 | €1,456 | -€696 | -32.4% |
| Financial fixed assets | 28 | €669 | €669 | = | 0.0% |
| Current assets | 29/58 | €6,857 | €11,010 | +€4,152 | +60.6% |
| Amounts receivable within one year | 40/41 | €1,792 | €5,271 | +€3,480 | +194% |
| Other amounts receivable | 41 | €1,792 | €5,271 | +€3,480 | +194% |
| Cash at bank and in hand | 54/58 | €5,066 | €5,738 | +€673 | +13.3% |
| Total equity and liabilities | 10/49 | €9,679 | €13,135 | +€3,456 | +35.7% |
| Equity | 10/15 | €2,638 | €6,420 | +€3,782 | +143% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €19,081 | €19,081 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,781 | €4,781 | = | 0.0% |
| Distributable reserves | 133 | €14,300 | €14,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,035 | -€31,253 | +€3,782 | +10.8% |
| Amounts payable | 17/49 | €7,041 | €6,715 | -€326 | -4.6% |
| Amounts payable within one year | 42/48 | €7,041 | €6,715 | -€326 | -4.6% |
| Trade debts | 44 | €3,862 | €3,682 | -€180 | -4.7% |
| Suppliers | 440/4 | €3,862 | €3,682 | -€180 | -4.7% |
| Taxes, remuneration and social security | 45 | €3,178 | €3,033 | -€146 | -4.6% |
| Taxes | 450/3 | €982 | €2,107 | +€1,125 | +115% |
| Remuneration and social security | 454/9 | €2,197 | €926 | -€1,271 | -57.9% |
| Remuneration, social security and pensions | 62 | €38,439 | €16,048 | -€22,391 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €696 | €696 | = | 0.0% |
| Other operating charges | 640/8 | €1,205 | €1,162 | -€43 | -3.6% |
| Gross operating margin | 9900 | €42,991 | €35,165 | -€7,826 | -18.2% |
| Operating profit (loss) | 9901 | €2,650 | €17,258 | +€14,608 | +551% |
| Financial income | 75/76B | €26 | €34 | +€8 | +29.3% |
| Recurring financial income | 75 | €26 | €34 | +€8 | +29.3% |
| Financial charges | 65/66B | €3,244 | €3,510 | +€266 | +8.2% |
| Recurring financial charges | 65 | €3,244 | €3,510 | +€266 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€567 | €13,782 | +€14,349 | |
| Profit (loss) for the period | 9904 | -€567 | €13,782 | +€14,349 | |
| Profit (loss) for the period to be appropriated | 9905 | -€567 | €13,782 | +€14,349 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.