NICRA: 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.
NICRA
Largest movements
- Cash +€98,403
up €98,403 (+29206.7%), from €337 to €98,740
- Tangible fixed assets +€33,593
up €33,593 (+7.7%), from €438,497 to €472,090
of which Land and buildings: +€23,635
- Receivables within one year +€16,332
up €16,332 (+15.7%), from €103,772 to €120,104
of which Other amounts receivable: +€81,976
- Trade debts +€370,253
up €370,253 (+2535.9%), from €14,601 to €384,854
- Other debts -€82,669
down €82,669 (-11.5%), from €719,448 to €636,779
- Profit (loss) carried forward -€76,657
down €76,657 (-43.8%), from €174,859 to €98,202
- Tax, wage and social debts -€55,783
down €55,783 (-69.1%), from €80,773 to €24,990
- Gross operating margin -€918,826
down €918,826, from €870,911 to -€47,915
- Other operating charges -€172,651
down €172,651 (-98.8%), from €174,708 to €2,056
- Taxes -€70,743
down €70,743 (-87.6%), from €80,773 to €10,030
- Depreciation -€17,205
down €17,205 (-70.9%), from €24,251 to €7,046
- Financial income -€12,732
down €12,732 (-79.3%), from €16,065 to €3,333
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,268,314 | €1,415,562 | +€147,248 | +11.6% |
| Fixed assets | 21/28 | €439,577 | €472,090 | +€32,513 | +7.4% |
| Tangible fixed assets | 22/27 | €438,497 | €472,090 | +€33,593 | +7.7% |
| Land and buildings | 22 | €307,815 | €331,451 | +€23,635 | +7.7% |
| Plant, machinery and equipment | 23 | - | €14,637 | +€14,637 | |
| Furniture and vehicles | 24 | - | €4,411 | +€4,411 | |
| Other tangible fixed assets | 26 | €130,682 | €121,591 | -€9,091 | -7.0% |
| Financial fixed assets | 28 | €1,080 | - | -€1,080 | |
| Current assets | 29/58 | €828,737 | €943,472 | +€114,735 | +13.8% |
| Stocks and contracts in progress | 3 | €691,024 | €691,024 | = | 0.0% |
| Stocks | 30/36 | €14,500 | €14,500 | = | 0.0% |
| Contracts in progress | 37 | €676,524 | €676,524 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,772 | €120,104 | +€16,332 | +15.7% |
| Trade receivables | 40 | €70,283 | €4,639 | -€65,644 | -93.4% |
| Other amounts receivable | 41 | €33,489 | €115,465 | +€81,976 | +244.8% |
| Current investments | 50/53 | €33,605 | €33,605 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €337 | €98,740 | +€98,403 | +29206.7% |
| Total equity and liabilities | 10/49 | €1,268,314 | €1,415,562 | +€147,248 | +11.6% |
| Equity | 10/15 | €292,894 | €216,237 | -€76,657 | -26.2% |
| Contributions | 10/11 | €101,092 | €101,092 | = | 0.0% |
| Contributions outside capital | 11 | €101,092 | €101,092 | = | 0.0% |
| Other | 1109/19 | €101,092 | €101,092 | = | 0.0% |
| Reserves | 13 | €16,943 | €16,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,250 | €10,250 | = | 0.0% |
| Legal reserve | 130 | €10,250 | - | -€10,250 | |
| Reserves not available under the articles | 1311 | - | €10,250 | +€10,250 | |
| Distributable reserves | 133 | €6,693 | €6,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,859 | €98,202 | -€76,657 | -43.8% |
| Provisions and deferred taxes | 16 | €150,000 | €150,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €150,000 | €150,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable | 17/49 | €825,420 | €1,049,325 | +€223,905 | +27.1% |
| Amounts payable after more than one year | 17 | €10,599 | €2,702 | -€7,896 | -74.5% |
| Financial debts | 170/4 | €7,896 | - | -€7,896 | |
| Other amounts payable | 178/9 | €2,702 | €2,702 | = | 0.0% |
| Amounts payable within one year | 42/48 | €814,822 | €1,046,623 | +€231,801 | +28.4% |
| Trade debts | 44 | €14,601 | €384,854 | +€370,253 | +2535.9% |
| Suppliers | 440/4 | €14,601 | €384,854 | +€370,253 | +2535.9% |
| Taxes, remuneration and social security | 45 | €80,773 | €24,990 | -€55,783 | -69.1% |
| Taxes | 450/3 | €80,773 | €24,990 | -€55,783 | -69.1% |
| Other amounts payable | 47/48 | €719,448 | €636,779 | -€82,669 | -11.5% |
| Non-recurring operating income | 76A | €841,053 | - | -€841,053 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,251 | €7,046 | -€17,205 | -70.9% |
| Other operating charges | 640/8 | €174,708 | €2,056 | -€172,651 | -98.8% |
| Non-recurring operating charges | 66A | €57,973 | - | -€57,973 | |
| Gross operating margin | 9900 | €870,911 | -€47,915 | -€918,826 | |
| Operating profit (loss) | 9901 | €613,979 | -€57,017 | -€670,996 | |
| Financial income | 75/76B | €16,065 | €3,333 | -€12,732 | -79.3% |
| Recurring financial income | 75 | €16,065 | €3,333 | -€12,732 | -79.3% |
| Financial charges | 65/66B | - | €192 | +€192 | |
| Recurring financial charges | 65 | - | €192 | +€192 | |
| Profit (loss) for the period before taxes | 9903 | €630,044 | -€53,876 | -€683,920 | |
| Income taxes | 67/77 | €80,773 | €10,030 | -€70,743 | -87.6% |
| Profit (loss) for the period | 9904 | €549,271 | -€63,906 | -€613,177 | |
| Profit (loss) for the period to be appropriated | 9905 | €549,271 | -€63,906 | -€613,177 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.