NICOVER: 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.
NICOVER
Largest movements
- Cash +€7,007
up €7,007 (+43.8%), from €15,981 to €22,988
mainly Net result for the year (+€10,730) and Other debts (+€691)
- Tangible fixed assets +€1,831
up €1,831 (+186.9%), from €980 to €2,811
- Reserves +€10,730
up €10,730 (+20.5%), from €52,322 to €63,053
- Tax, wage and social debts -€2,889
down €2,889 (-33.8%), from €8,552 to €5,663
- Staff costs -€385
down €385 (-90.2%), from €427 to €42
- Financial income -€369
down €369 (-33.4%), from €1,107 to €738
- Gross operating margin +€324
up €324 (+2.3%), from €14,307 to €14,631
- Taxes +€254
up €254 (+7.9%), from €3,194 to €3,448
- Depreciation +€240
up €240 (+71.4%), from €337 to €577
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 | €72,500 | €81,629 | +€9,128 | +12.6% |
| Fixed assets | 21/28 | €980 | €2,811 | +€1,831 | +186.9% |
| Tangible fixed assets | 22/27 | €980 | €2,811 | +€1,831 | +186.9% |
| Furniture and vehicles | 24 | €980 | €2,811 | +€1,831 | +186.9% |
| Current assets | 29/58 | €71,521 | €78,818 | +€7,297 | +10.2% |
| Amounts receivable within one year | 40/41 | €4,840 | €4,830 | -€10 | -0.2% |
| Trade receivables | 40 | €4,840 | €4,830 | -€10 | -0.2% |
| Current investments | 50/53 | €50,700 | €51,000 | +€300 | +0.6% |
| Cash at bank and in hand | 54/58 | €15,981 | €22,988 | +€7,007 | +43.8% |
| Total equity and liabilities | 10/49 | €72,500 | €81,629 | +€9,128 | +12.6% |
| Equity | 10/15 | €53,822 | €64,553 | +€10,730 | +19.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €52,322 | €63,053 | +€10,730 | +20.5% |
| Distributable reserves | 133 | €52,322 | €63,053 | +€10,730 | +20.5% |
| Amounts payable | 17/49 | €18,678 | €17,076 | -€1,602 | -8.6% |
| Amounts payable within one year | 42/48 | €18,678 | €17,076 | -€1,602 | -8.6% |
| Trade debts | 44 | €688 | €1,284 | +€596 | +86.7% |
| Suppliers | 440/4 | €688 | €1,284 | +€596 | +86.7% |
| Taxes, remuneration and social security | 45 | €8,552 | €5,663 | -€2,889 | -33.8% |
| Taxes | 450/3 | €8,552 | €5,663 | -€2,889 | -33.8% |
| Other amounts payable | 47/48 | €9,439 | €10,129 | +€691 | +7.3% |
| Remuneration, social security and pensions | 62 | €427 | €42 | -€385 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €577 | +€240 | +71.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €14,307 | €14,631 | +€324 | +2.3% |
| Operating profit (loss) | 9901 | €13,031 | €13,484 | +€454 | +3.5% |
| Financial income | 75/76B | €1,107 | €738 | -€369 | -33.4% |
| Recurring financial income | 75 | €1,107 | €738 | -€369 | -33.4% |
| Financial charges | 65/66B | €40 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €40 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €14,098 | €14,178 | +€80 | +0.6% |
| Income taxes | 67/77 | €3,194 | €3,448 | +€254 | +7.9% |
| Profit (loss) for the period | 9904 | €10,904 | €10,730 | -€174 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,904 | €10,730 | -€174 | -1.6% |
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 6 October 2026 via checked.be.