Nicovanbe: 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.
Nicovanbe
Largest movements
- Cash +€151,079
up €151,079 (+672.9%), from €22,452 to €173,531
mainly Net result for the year (+€75,902) and Debts after one year (+€57,000)
- Reserves +€60,209
new in 2025: €60,209
- Debts after one year +€57,000
up €57,000 (+3.6%), from €1.6m to €1.6m
of which Financial debts: +€157,000
- Other debts +€18,740
up €18,740 (+194.9%), from €9,617 to €28,357
- Financial income +€97,500
up €97,500 (+3900.0%), from €2,500 to €100,000
- Financial charges +€7,576
up €7,576 (+67.2%), from €11,271 to €18,847
- Gross operating margin +€1,392
up €1,392 (+22.8%), from -€6,100 to -€4,708
- Other operating charges -€278
down €278 (-33.8%), from €822 to €544
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 | €1,619,487 | €1,770,566 | +€151,079 | +9.3% |
| Fixed assets | 21/28 | €1,597,036 | €1,597,036 | = | 0.0% |
| Financial fixed assets | 28 | €1,597,036 | €1,597,036 | = | 0.0% |
| Current assets | 29/58 | €22,452 | €173,531 | +€151,079 | +672.9% |
| Cash at bank and in hand | 54/58 | €22,452 | €173,531 | +€151,079 | +672.9% |
| Total equity and liabilities | 10/49 | €1,619,487 | €1,770,566 | +€151,079 | +9.3% |
| Equity | 10/15 | €29,307 | €105,209 | +€75,902 | +259.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | - | €60,209 | +€60,209 | |
| Distributable reserves | 133 | - | €60,209 | +€60,209 | |
| Profit (loss) carried forward | 14 | -€15,693 | €0 | +€15,693 | |
| Amounts payable | 17/49 | €1,590,180 | €1,665,357 | +€75,177 | +4.7% |
| Amounts payable after more than one year | 17 | €1,580,000 | €1,637,000 | +€57,000 | +3.6% |
| Financial debts | 170/4 | €780,000 | €937,000 | +€157,000 | +20.1% |
| Other amounts payable | 178/9 | €800,000 | €700,000 | -€100,000 | -12.5% |
| Amounts payable within one year | 42/48 | €10,180 | €28,357 | +€18,177 | +178.6% |
| Trade debts | 44 | €563 | €0 | -€563 | -100.0% |
| Suppliers | 440/4 | €563 | €0 | -€563 | -100.0% |
| Other amounts payable | 47/48 | €9,617 | €28,357 | +€18,740 | +194.9% |
| Other operating charges | 640/8 | €822 | €544 | -€278 | -33.8% |
| Gross operating margin | 9900 | -€6,100 | -€4,708 | +€1,392 | +22.8% |
| Operating profit (loss) | 9901 | -€6,922 | -€5,252 | +€1,670 | +24.1% |
| Financial income | 75/76B | €2,500 | €100,000 | +€97,500 | +3900.0% |
| Recurring financial income | 75 | €2,500 | €100,000 | +€97,500 | +3900.0% |
| Financial charges | 65/66B | €11,271 | €18,847 | +€7,576 | +67.2% |
| Recurring financial charges | 65 | €11,271 | €18,847 | +€7,576 | +67.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,693 | €75,902 | +€91,594 | |
| Profit (loss) for the period | 9904 | -€15,693 | €75,902 | +€91,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,693 | €75,902 | +€91,594 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.