NICSTEE: 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.
NICSTEE
Largest movements
- Tangible fixed assets -€68,909
down €68,909 (-4.6%), from €1.5m to €1.4m
- Other debts -€91,600
down €91,600 (-11.4%), from €805,111 to €713,511
- Gross operating margin +€12,520
up €12,520 (+10.3%), from €121,990 to €134,510
- Other operating charges +€3,256
up €3,256 (+9.5%), from €34,370 to €37,626
- Taxes -€2,333
down €2,333 (-9.2%), from €25,245 to €22,912
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 | €1,644,268 | €1,562,689 | -€81,579 | -5.0% |
| Fixed assets | 21/28 | €1,492,084 | €1,423,175 | -€68,909 | -4.6% |
| Tangible fixed assets | 22/27 | €1,492,084 | €1,423,175 | -€68,909 | -4.6% |
| Land and buildings | 22 | €1,492,084 | €1,423,175 | -€68,909 | -4.6% |
| Current assets | 29/58 | €152,184 | €139,514 | -€12,670 | -8.3% |
| Amounts receivable within one year | 40/41 | €374 | €773 | +€399 | +106% |
| Trade receivables | 40 | €374 | €773 | +€399 | +106% |
| Cash at bank and in hand | 54/58 | €151,810 | €138,741 | -€13,069 | -8.6% |
| Total equity and liabilities | 10/49 | €1,644,268 | €1,562,689 | -€81,579 | -5.0% |
| Equity | 10/15 | €800,112 | €804,734 | +€4,623 | +0.6% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €831,921 | €831,921 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,971 | €47,971 | = | 0.0% |
| Distributable reserves | 133 | €774,035 | €774,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,967 | -€126,344 | +€4,623 | +3.5% |
| Provisions and deferred taxes | 16 | €3,750 | €3,750 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,750 | €3,750 | = | 0.0% |
| Taxes | 161 | €3,750 | €3,750 | = | 0.0% |
| Amounts payable | 17/49 | €840,407 | €754,205 | -€86,202 | -10.3% |
| Amounts payable within one year | 42/48 | €840,407 | €754,205 | -€86,202 | -10.3% |
| Trade debts | 44 | €314 | €10,771 | +€10,457 | +3,332% |
| Suppliers | 440/4 | €314 | €10,771 | +€10,457 | +3,332% |
| Advances received on contracts in progress | 46 | €5,443 | €0 | -€5,443 | -100% |
| Taxes, remuneration and social security | 45 | €29,539 | €29,923 | +€384 | +1.3% |
| Taxes | 450/3 | €29,539 | €29,923 | +€384 | +1.3% |
| Other amounts payable | 47/48 | €805,111 | €713,511 | -€91,600 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,909 | €68,909 | = | 0.0% |
| Other operating charges | 640/8 | €34,370 | €37,626 | +€3,256 | +9.5% |
| Gross operating margin | 9900 | €121,990 | €134,510 | +€12,520 | +10.3% |
| Operating profit (loss) | 9901 | €18,711 | €27,975 | +€9,265 | +49.5% |
| Financial charges | 65/66B | €362 | €441 | +€79 | +21.7% |
| Recurring financial charges | 65 | €362 | €441 | +€79 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €18,348 | €27,534 | +€9,186 | +50.1% |
| Income taxes | 67/77 | €25,245 | €22,912 | -€2,333 | -9.2% |
| Profit (loss) for the period | 9904 | -€6,896 | €4,623 | +€11,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,896 | €4,623 | +€11,519 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.