NICOSIA FRERES: 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.
NICOSIA FRERES
Largest movements
- Receivables within one year +€11,636
up €11,636 (+30.4%), from €38,225 to €49,861
of which Other amounts receivable: +€26,769
- Cash -€6,787
down €6,787 (-63.9%), from €10,622 to €3,835
mainly Net result for the year (-€28,490) and Receivables within one year (-€11,636)
- Tangible fixed assets +€2,651
up €2,651 (+9.7%), from €27,468 to €30,119
of which Plant, machinery and equipment: +€3,395
- Debts after one year +€50,225
new in 2025: €50,225
- Profit (loss) carried forward -€28,490
down €28,490 (-1,306%), from -€2,181 to -€30,671
- Trade debts -€9,564
down €9,564 (-28.7%), from €33,310 to €23,746
- Other debts -€6,273
down €6,273 (-88.1%), from €7,123 to €850
- Tax, wage and social debts +€1,602
up €1,602 (+128%), from €1,247 to €2,849
- Gross operating margin -€43,366
down €43,366, from €35,080 to -€8,286
- Staff costs -€16,088
down €16,088 (-54.4%), from €29,594 to €13,506
- Depreciation +€1,903
up €1,903 (+126%), from €1,513 to €3,416
- Other operating charges +€1,835
up €1,835 (+178%), from €1,032 to €2,867
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 | €78,912 | €86,412 | +€7,500 | +9.5% |
| Fixed assets | 21/28 | €30,065 | €32,716 | +€2,651 | +8.8% |
| Tangible fixed assets | 22/27 | €27,468 | €30,119 | +€2,651 | +9.7% |
| Plant, machinery and equipment | 23 | €26,724 | €30,119 | +€3,395 | +12.7% |
| Furniture and vehicles | 24 | €744 | - | -€744 | |
| Financial fixed assets | 28 | €2,597 | €2,597 | = | 0.0% |
| Current assets | 29/58 | €48,847 | €53,696 | +€4,849 | +9.9% |
| Amounts receivable within one year | 40/41 | €38,225 | €49,861 | +€11,636 | +30.4% |
| Trade receivables | 40 | €33,005 | €17,872 | -€15,133 | -45.9% |
| Other amounts receivable | 41 | €5,220 | €31,989 | +€26,769 | +513% |
| Cash at bank and in hand | 54/58 | €10,622 | €3,835 | -€6,787 | -63.9% |
| Total equity and liabilities | 10/49 | €78,912 | €86,412 | +€7,500 | +9.5% |
| Equity | 10/15 | €37,232 | €8,742 | -€28,490 | -76.5% |
| Contributions | 10/11 | €20,166 | €20,166 | = | 0.0% |
| Reserves | 13 | €19,247 | €19,247 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €16,747 | €16,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,181 | -€30,671 | -€28,490 | -1,306% |
| Amounts payable | 17/49 | €41,680 | €77,670 | +€35,990 | +86.3% |
| Amounts payable after more than one year | 17 | - | €50,225 | +€50,225 | |
| Other amounts payable | 178/9 | - | €50,225 | +€50,225 | |
| Amounts payable within one year | 42/48 | €41,680 | €27,445 | -€14,235 | -34.2% |
| Trade debts | 44 | €33,310 | €23,746 | -€9,564 | -28.7% |
| Suppliers | 440/4 | €33,310 | €23,746 | -€9,564 | -28.7% |
| Taxes, remuneration and social security | 45 | €1,247 | €2,849 | +€1,602 | +128% |
| Taxes | 450/3 | €1,247 | €2,849 | +€1,602 | +128% |
| Other amounts payable | 47/48 | €7,123 | €850 | -€6,273 | -88.1% |
| Remuneration, social security and pensions | 62 | €29,594 | €13,506 | -€16,088 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,513 | €3,416 | +€1,903 | +126% |
| Other operating charges | 640/8 | €1,032 | €2,867 | +€1,835 | +178% |
| Gross operating margin | 9900 | €35,080 | -€8,286 | -€43,366 | |
| Operating profit (loss) | 9901 | €2,941 | -€28,075 | -€31,016 | |
| Financial income | 75/76B | €1 | €2 | +€1 | +100% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +100% |
| Financial charges | 65/66B | €313 | €417 | +€104 | +33.2% |
| Recurring financial charges | 65 | €313 | €417 | +€104 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €2,629 | -€28,490 | -€31,119 | |
| Profit (loss) for the period | 9904 | €2,629 | -€28,490 | -€31,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,629 | -€28,490 | -€31,119 |
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 26 October 2026 via checked.be.