NiCon: 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.
NiCon
Largest movements
- Financial fixed assets +€83,700
new in 2025: €83,700
- Receivables within one year -€22,312
down €22,312 (-84.2%), from €26,508 to €4,197
of which Trade receivables: -€15,889
- Tangible fixed assets -€22,289
down €22,289 (-13.5%), from €165,445 to €143,156
of which Furniture and vehicles: -€13,021
- Cash +€16,367
up €16,367 (+81.3%), from €20,132 to €36,499
mainly Debts after one year (+€57,581) and Depreciation (+€28,135)
- Deferred charges and accrued income -€3,197
down €3,197 (-78.3%), from €4,081 to €884
- Debts after one year +€57,581
up €57,581 (+49.9%), from €115,326 to €172,907
- Other debts +€11,332
up €11,332 (+994%), from €1,140 to €12,472
- Reserves -€5,000
down €5,000 (-13.5%), from €37,110 to €32,110
of which Distributable reserves: -€5,000
- Profit (loss) carried forward -€3,370
down €3,370 (-53.9%), from -€6,249 to -€9,619
- Depreciation -€12,915
down €12,915 (-31.5%), from €41,051 to €28,135
- Taxes -€2,595
down €2,595 (-34.6%), from €7,496 to €4,901
- Gross operating margin +€1,589
up €1,589 (+3.4%), from €46,952 to €48,541
- Financial charges -€1,411
down €1,411 (-22.1%), from €6,396 to €4,985
- Other operating charges -€866
down €866 (-23.8%), from €3,641 to €2,775
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 | €216,166 | €268,435 | +€52,270 | +24.2% |
| Fixed assets | 21/28 | €165,445 | €226,856 | +€61,411 | +37.1% |
| Tangible fixed assets | 22/27 | €165,445 | €143,156 | -€22,289 | -13.5% |
| Land and buildings | 22 | €140,381 | €132,357 | -€8,024 | -5.7% |
| Furniture and vehicles | 24 | €20,515 | €7,494 | -€13,021 | -63.5% |
| Other tangible fixed assets | 26 | €4,548 | €3,305 | -€1,243 | -27.3% |
| Financial fixed assets | 28 | - | €83,700 | +€83,700 | |
| Current assets | 29/58 | €50,721 | €41,580 | -€9,142 | -18.0% |
| Amounts receivable within one year | 40/41 | €26,508 | €4,197 | -€22,312 | -84.2% |
| Trade receivables | 40 | €20,086 | €4,197 | -€15,889 | -79.1% |
| Other amounts receivable | 41 | €6,422 | - | -€6,422 | |
| Cash at bank and in hand | 54/58 | €20,132 | €36,499 | +€16,367 | +81.3% |
| Deferred charges and accrued income | 490/1 | €4,081 | €884 | -€3,197 | -78.3% |
| Total equity and liabilities | 10/49 | €216,166 | €268,435 | +€52,270 | +24.2% |
| Equity | 10/15 | €49,461 | €41,091 | -€8,370 | -16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,110 | €32,110 | -€5,000 | -13.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,250 | €10,250 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Profit (loss) carried forward | 14 | -€6,249 | -€9,619 | -€3,370 | -53.9% |
| Amounts payable | 17/49 | €166,705 | €227,345 | +€60,640 | +36.4% |
| Amounts payable after more than one year | 17 | €115,326 | €172,907 | +€57,581 | +49.9% |
| Financial debts | 170/4 | €115,326 | €172,907 | +€57,581 | +49.9% |
| Amounts payable within one year | 42/48 | €50,812 | €54,438 | +€3,626 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €25,326 | €22,906 | -€2,420 | -9.6% |
| Trade debts | 44 | €4,434 | €1,794 | -€2,640 | -59.5% |
| Suppliers | 440/4 | €4,434 | €1,794 | -€2,640 | -59.5% |
| Taxes, remuneration and social security | 45 | €19,912 | €17,266 | -€2,647 | -13.3% |
| Taxes | 450/3 | €19,912 | €17,266 | -€2,647 | -13.3% |
| Other amounts payable | 47/48 | €1,140 | €12,472 | +€11,332 | +994% |
| Accrued charges and deferred income | 492/3 | €567 | - | -€567 | |
| Non-recurring operating income | 76A | €500 | €1,390 | +€890 | +178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,051 | €28,135 | -€12,915 | -31.5% |
| Other operating charges | 640/8 | €3,641 | €2,775 | -€866 | -23.8% |
| Non-recurring operating charges | 66A | - | €1,212 | +€1,212 | |
| Gross operating margin | 9900 | €46,952 | €48,541 | +€1,589 | +3.4% |
| Operating profit (loss) | 9901 | €2,261 | €16,419 | +€14,158 | +626% |
| Financial income | 75/76B | €489 | €97 | -€391 | -80.1% |
| Recurring financial income | 75 | €489 | €97 | -€391 | -80.1% |
| Financial charges | 65/66B | €6,396 | €4,985 | -€1,411 | -22.1% |
| Recurring financial charges | 65 | €6,396 | €4,985 | -€1,411 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,647 | €11,531 | +€15,178 | |
| Income taxes | 67/77 | €7,496 | €4,901 | -€2,595 | -34.6% |
| Profit (loss) for the period | 9904 | -€11,143 | €6,630 | +€17,773 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,143 | €6,630 | +€17,773 |
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 23 October 2026 via checked.be.