NICRIS CONSTRUCT: 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.
NICRIS CONSTRUCT
Largest movements
- Receivables within one year +€96,938
up €96,938 (+377%), from €25,715 to €122,653
of which Trade receivables: +€84,280
- Tangible fixed assets +€51,139
up €51,139 (+1,156%), from €4,422 to €55,561
of which Furniture and vehicles: +€48,842
- Cash -€25,097
down €25,097 (-96.3%), from €26,062 to €965
mainly Receivables within one year (-€96,938) and Investment in fixed assets (net) (-€59,658)
- Trade debts +€111,490
up €111,490 (+6,977%), from €1,598 to €113,088
- Profit (loss) carried forward +€10,445
up €10,445 (+25.6%), from €40,735 to €51,180
- Tax, wage and social debts +€3,000
up €3,000 (+27.7%), from €10,811 to €13,811
- Other debts -€1,955
no longer reported in 2025 (was €1,955)
- Turnover -€256,244
no longer reported in 2025 (was €256,244)
- Purchases and services -€198,352
no longer reported in 2025 (was €198,352)
- Gross operating margin -€35,611
down €35,611 (-61.5%), from €57,892 to €22,281
- Taxes -€7,811
down €7,811 (-72.3%), from €10,810 to €2,999
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 | €56,199 | €179,179 | +€122,980 | +219% |
| Fixed assets | 21/28 | €4,422 | €55,561 | +€51,139 | +1,156% |
| Tangible fixed assets | 22/27 | €4,422 | €55,561 | +€51,139 | +1,156% |
| Plant, machinery and equipment | 23 | - | €2,297 | +€2,297 | |
| Furniture and vehicles | 24 | €4,422 | €53,264 | +€48,842 | +1,105% |
| Current assets | 29/58 | €51,777 | €123,618 | +€71,841 | +139% |
| Amounts receivable within one year | 40/41 | €25,715 | €122,653 | +€96,938 | +377% |
| Trade receivables | 40 | €18,326 | €102,606 | +€84,280 | +460% |
| Other amounts receivable | 41 | €7,389 | €20,048 | +€12,659 | +171% |
| Cash at bank and in hand | 54/58 | €26,062 | €965 | -€25,097 | -96.3% |
| Total equity and liabilities | 10/49 | €56,199 | €179,179 | +€122,980 | +219% |
| Equity | 10/15 | €41,835 | €52,280 | +€10,445 | +25.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | - | -€100 | |
| Legal reserve | 130 | €100 | - | -€100 | |
| Distributable reserves | 133 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | €40,735 | €51,180 | +€10,445 | +25.6% |
| Amounts payable | 17/49 | €14,364 | €126,898 | +€112,534 | +783% |
| Amounts payable within one year | 42/48 | €14,364 | €126,898 | +€112,534 | +783% |
| Trade debts | 44 | €1,598 | €113,088 | +€111,490 | +6,977% |
| Suppliers | 440/4 | €1,598 | €113,088 | +€111,490 | +6,977% |
| Taxes, remuneration and social security | 45 | €10,811 | €13,811 | +€3,000 | +27.7% |
| Taxes | 450/3 | €10,811 | €13,811 | +€3,000 | +27.7% |
| Other amounts payable | 47/48 | €1,955 | - | -€1,955 | |
| Turnover | 70 | €256,244 | - | -€256,244 | |
| Goods, raw materials, services and sundry goods | 60/61 | €198,352 | - | -€198,352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,190 | €8,520 | +€2,330 | +37.6% |
| Other operating charges | 640/8 | - | €157 | +€157 | |
| Gross operating margin | 9900 | €57,892 | €22,281 | -€35,611 | -61.5% |
| Operating profit (loss) | 9901 | €51,702 | €13,604 | -€38,098 | -73.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €57 | €159 | +€102 | +180% |
| Recurring financial charges | 65 | €57 | €159 | +€102 | +180% |
| Profit (loss) for the period before taxes | 9903 | €51,645 | €13,445 | -€38,200 | -74.0% |
| Income taxes | 67/77 | €10,810 | €2,999 | -€7,811 | -72.3% |
| Profit (loss) for the period | 9904 | €40,835 | €10,446 | -€30,389 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,835 | €10,446 | -€30,389 | -74.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.