NICOTINE: what changed
Two fiscal 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.
NICOTINE
Largest movements
- Tangible fixed assets -€45,450
down €45,450 (-7.2%), from €627,701 to €582,251
of which Land and buildings: -€45,002
- Receivables within one year +€21,413
up €21,413 (+78.0%), from €27,448 to €48,862
of which Other amounts receivable: +€21,413
- Debts after one year -€44,261
down €44,261 (-11.2%), from €394,094 to €349,833
- Other debts +€19,403
up €19,403 (+3.5%), from €557,333 to €576,736
- Reserves +€14,710
up €14,710 (+31.3%), from €47,018 to €61,728
of which Distributable reserves: +€14,710
- Taxes +€8,365
up €8,365 (+1458.8%), from €573 to €8,939
- Gross operating margin -€4,433
down €4,433 (-4.6%), from €97,387 to €92,955
- Financial charges -€1,252
down €1,252 (-11.7%), from €10,672 to €9,420
- Financial income +€988
up €988 (+75.0%), from €1,317 to €2,305
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,067,855 | €1,063,485 | -€4,370 | -0.4% |
| Fixed assets | 21/28 | €627,701 | €582,251 | -€45,450 | -7.2% |
| Tangible fixed assets | 22/27 | €627,701 | €582,251 | -€45,450 | -7.2% |
| Land and buildings | 22 | €623,980 | €578,977 | -€45,002 | -7.2% |
| Plant, machinery and equipment | 23 | €873 | €1,006 | +€133 | +15.2% |
| Other tangible fixed assets | 26 | €2,848 | €2,267 | -€581 | -20.4% |
| Current assets | 29/58 | €440,154 | €481,234 | +€41,080 | +9.3% |
| Stocks and contracts in progress | 3 | €400,180 | €401,932 | +€1,752 | +0.4% |
| Stocks | 30/36 | €400,180 | €401,932 | +€1,752 | +0.4% |
| Amounts receivable within one year | 40/41 | €27,448 | €48,862 | +€21,413 | +78.0% |
| Trade receivables | 40 | €459 | €459 | = | 0.0% |
| Other amounts receivable | 41 | €26,989 | €48,403 | +€21,413 | +79.3% |
| Cash at bank and in hand | 54/58 | €12,217 | €21,552 | +€9,334 | +76.4% |
| Deferred charges and accrued income | 490/1 | €308 | €8,888 | +€8,581 | +2788.8% |
| Total equity and liabilities | 10/49 | €1,067,855 | €1,063,485 | -€4,370 | -0.4% |
| Equity | 10/15 | €53,218 | €67,928 | +€14,710 | +27.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,018 | €61,728 | +€14,710 | +31.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,158 | €59,868 | +€14,710 | +32.6% |
| Provisions and deferred taxes | 16 | €7,350 | €13,015 | +€5,665 | +77.1% |
| Provisions for liabilities and charges | 160/5 | €7,350 | €13,015 | +€5,665 | +77.1% |
| Other liabilities and charges | 164/5 | €7,350 | €13,015 | +€5,665 | +77.1% |
| Amounts payable | 17/49 | €1,007,287 | €982,542 | -€24,745 | -2.5% |
| Amounts payable after more than one year | 17 | €394,094 | €349,833 | -€44,261 | -11.2% |
| Financial debts | 170/4 | €394,094 | €349,833 | -€44,261 | -11.2% |
| Amounts payable within one year | 42/48 | €613,193 | €630,906 | +€17,714 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €43,366 | €44,261 | +€895 | +2.1% |
| Trade debts | 44 | €10,495 | €971 | -€9,524 | -90.7% |
| Suppliers | 440/4 | €10,495 | €971 | -€9,524 | -90.7% |
| Taxes, remuneration and social security | 45 | €1,999 | €8,939 | +€6,940 | +347.2% |
| Taxes | 450/3 | €1,999 | €8,939 | +€6,940 | +347.2% |
| Other amounts payable | 47/48 | €557,333 | €576,736 | +€19,403 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €1,802 | +€1,802 | |
| Non-recurring operating income | 76A | - | €3,311 | +€3,311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,852 | €46,089 | +€238 | +0.5% |
| Other operating charges | 640/8 | €9,561 | €10,437 | +€876 | +9.2% |
| Non-recurring operating charges | 66A | €36,330 | €5,665 | -€30,665 | -84.4% |
| Gross operating margin | 9900 | €97,387 | €92,955 | -€4,433 | -4.6% |
| Operating profit (loss) | 9901 | €5,645 | €30,764 | +€25,119 | +445.0% |
| Financial income | 75/76B | €1,317 | €2,305 | +€988 | +75.0% |
| Recurring financial income | 75 | €1,317 | €2,305 | +€988 | +75.0% |
| Financial charges | 65/66B | €10,672 | €9,420 | -€1,252 | -11.7% |
| Recurring financial charges | 65 | €10,672 | €9,420 | -€1,252 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,710 | €23,648 | +€27,358 | |
| Income taxes | 67/77 | €573 | €8,939 | +€8,365 | +1458.8% |
| Profit (loss) for the period | 9904 | -€4,283 | €14,710 | +€18,993 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,283 | €14,710 | +€18,993 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.