Nicos & Partners: 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.
Nicos & Partners
Largest movements
- Tangible fixed assets +€11,724
up €11,724 (+5.5%), from €213,153 to €224,877
of which Land and buildings: +€12,810
- Receivables within one year +€5,044
up €5,044 (+82.7%), from €6,097 to €11,141
of which Trade receivables: +€8,544
- Trade debts +€9,027
up €9,027 (+1836.6%), from €492 to €9,519
- Debts after one year -€7,960
down €7,960 (-6.8%), from €117,139 to €109,179
- Profit (loss) carried forward +€6,517
up €6,517 (+29.6%), from -€22,019 to -€15,502
- Current portion of long-term debt +€5,455
up €5,455 (+37.2%), from €14,678 to €20,133
- Taxes +€3,844
up €3,844 (+1325658.6%), from €0 to €3,845
- Financial income +€1,854
up €1,854 (+429.5%), from €432 to €2,286
- Gross operating margin -€1,444
down €1,444 (-5.2%), from €27,941 to €26,498
- Other operating charges +€498
up €498 (+10.4%), from €4,791 to €5,289
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.
Cash bridge derived
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 | €220,471 | €236,404 | +€15,934 | +7.2% |
| Fixed assets | 21/28 | €213,153 | €224,877 | +€11,724 | +5.5% |
| Tangible fixed assets | 22/27 | €213,153 | €224,877 | +€11,724 | +5.5% |
| Land and buildings | 22 | €203,568 | €216,378 | +€12,810 | +6.3% |
| Plant, machinery and equipment | 23 | €3,772 | €2,582 | -€1,190 | -31.5% |
| Furniture and vehicles | 24 | €2,078 | €2,768 | +€690 | +33.2% |
| Other tangible fixed assets | 26 | €3,734 | €3,149 | -€586 | -15.7% |
| Current assets | 29/58 | €7,318 | €11,528 | +€4,210 | +57.5% |
| Amounts receivable within one year | 40/41 | €6,097 | €11,141 | +€5,044 | +82.7% |
| Trade receivables | 40 | €2,597 | €11,141 | +€8,544 | +329.0% |
| Other amounts receivable | 41 | €3,500 | - | -€3,500 | |
| Cash at bank and in hand | 54/58 | €1,221 | €133 | -€1,087 | -89.1% |
| Deferred charges and accrued income | 490/1 | - | €253 | +€253 | |
| Total equity and liabilities | 10/49 | €220,471 | €236,404 | +€15,934 | +7.2% |
| Equity | 10/15 | -€1,559 | €4,958 | +€6,517 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,019 | -€15,502 | +€6,517 | +29.6% |
| Amounts payable | 17/49 | €222,029 | €231,446 | +€9,417 | +4.2% |
| Amounts payable after more than one year | 17 | €117,139 | €109,179 | -€7,960 | -6.8% |
| Financial debts | 170/4 | €117,139 | €109,179 | -€7,960 | -6.8% |
| Amounts payable within one year | 42/48 | €104,890 | €122,267 | +€17,377 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €14,678 | €20,133 | +€5,455 | +37.2% |
| Trade debts | 44 | €492 | €9,519 | +€9,027 | +1836.6% |
| Suppliers | 440/4 | €492 | €9,519 | +€9,027 | +1836.6% |
| Taxes, remuneration and social security | 45 | €5,761 | €7,858 | +€2,097 | +36.4% |
| Taxes | 450/3 | €5,761 | €7,858 | +€2,097 | +36.4% |
| Other amounts payable | 47/48 | €83,960 | €84,757 | +€798 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,923 | €10,758 | -€165 | -1.5% |
| Other operating charges | 640/8 | €4,791 | €5,289 | +€498 | +10.4% |
| Gross operating margin | 9900 | €27,941 | €26,498 | -€1,444 | -5.2% |
| Operating profit (loss) | 9901 | €12,227 | €10,451 | -€1,777 | -14.5% |
| Financial income | 75/76B | €432 | €2,286 | +€1,854 | +429.5% |
| Recurring financial income | 75 | €432 | €2,286 | +€1,854 | +429.5% |
| Financial charges | 65/66B | €2,588 | €2,375 | -€213 | -8.2% |
| Recurring financial charges | 65 | €2,588 | €2,375 | -€213 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €10,071 | €10,362 | +€291 | +2.9% |
| Income taxes | 67/77 | €0 | €3,845 | +€3,844 | +1325658.6% |
| Profit (loss) for the period | 9904 | €10,071 | €6,517 | -€3,554 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,071 | €6,517 | -€3,554 | -35.3% |
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 12 October 2026 via checked.be.