Nilico: 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.
Nilico
Largest movements
- Tangible fixed assets -€261,141
down €261,141 (-98.5%), from €265,051 to €3,910
of which Land and buildings: -€250,000
- Cash +€18,054
up €18,054 (+212.7%), from €8,486 to €26,540
mainly Investment in fixed assets (net) (+€258,151) and Other debts (+€22,098)
- Receivables within one year -€4,611
down €4,611 (-8.8%), from €52,563 to €47,952
of which Other amounts receivable: -€5,108
- Debts after one year -€164,420
no longer reported in 2023 (was €164,420)
- Short-term financial debts -€50,000
no longer reported in 2023 (was €50,000)
- Trade debts -€45,095
down €45,095 (-23.6%), from €190,742 to €145,646
- Current portion of long-term debt -€24,963
no longer reported in 2023 (was €24,963)
- Other debts +€22,098
up €22,098 (+28.4%), from €77,926 to €100,024
- Gross operating margin +€104,103
up €104,103, from -€72,087 to €32,016
- Taxes +€16,610
up €16,610 (+12629.1%), from €132 to €16,741
- Depreciation -€8,279
down €8,279 (-73.5%), from €11,269 to €2,990
- Financial charges -€2,634
down €2,634 (-34.9%), from €7,540 to €4,905
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,170 | €144,472 | -€247,698 | -63.2% |
| Fixed assets | 21/28 | €267,301 | €6,160 | -€261,141 | -97.7% |
| Tangible fixed assets | 22/27 | €265,051 | €3,910 | -€261,141 | -98.5% |
| Land and buildings | 22 | €250,000 | - | -€250,000 | |
| Plant, machinery and equipment | 23 | €854 | €250 | -€604 | -70.8% |
| Furniture and vehicles | 24 | €232 | €3,660 | +€3,428 | +1481.0% |
| Leasing and similar rights | 25 | €13,965 | - | -€13,965 | |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €124,869 | €138,312 | +€13,443 | +10.8% |
| Stocks and contracts in progress | 3 | €63,820 | €63,820 | = | 0.0% |
| Stocks | 30/36 | €63,820 | €63,820 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,563 | €47,952 | -€4,611 | -8.8% |
| Trade receivables | 40 | €30,239 | €30,737 | +€498 | +1.6% |
| Other amounts receivable | 41 | €22,324 | €17,216 | -€5,108 | -22.9% |
| Cash at bank and in hand | 54/58 | €8,486 | €26,540 | +€18,054 | +212.7% |
| Total equity and liabilities | 10/49 | €392,170 | €144,472 | -€247,698 | -63.2% |
| Equity | 10/15 | -€135,645 | -€132,311 | +€3,334 | +2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,105 | €3,105 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €2,485 | €2,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,950 | -€141,616 | +€3,334 | +2.3% |
| Amounts payable | 17/49 | €527,815 | €276,783 | -€251,032 | -47.6% |
| Amounts payable after more than one year | 17 | €164,420 | - | -€164,420 | |
| Financial debts | 170/4 | €164,420 | - | -€164,420 | |
| Amounts payable within one year | 42/48 | €357,355 | €270,743 | -€86,612 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €24,963 | - | -€24,963 | |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €190,742 | €145,646 | -€45,095 | -23.6% |
| Suppliers | 440/4 | €190,742 | €145,646 | -€45,095 | -23.6% |
| Taxes, remuneration and social security | 45 | €13,724 | €25,073 | +€11,349 | +82.7% |
| Taxes | 450/3 | €13,724 | €11,528 | -€2,196 | -16.0% |
| Remuneration and social security | 454/9 | - | €13,544 | +€13,544 | |
| Other amounts payable | 47/48 | €77,926 | €100,024 | +€22,098 | +28.4% |
| Accrued charges and deferred income | 492/3 | €6,040 | €6,040 | = | 0.0% |
| Non-recurring operating income | 76A | - | €63,849 | +€63,849 | |
| Remuneration, social security and pensions | 62 | - | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,269 | €2,990 | -€8,279 | -73.5% |
| Other operating charges | 640/8 | €4,093 | €4,023 | -€70 | -1.7% |
| Gross operating margin | 9900 | -€72,087 | €32,016 | +€104,103 | |
| Operating profit (loss) | 9901 | -€87,449 | €24,980 | +€112,429 | |
| Financial income | 75/76B | €39 | - | -€39 | |
| Recurring financial income | 75 | €39 | - | -€39 | |
| Financial charges | 65/66B | €7,540 | €4,905 | -€2,634 | -34.9% |
| Recurring financial charges | 65 | €7,540 | €4,905 | -€2,634 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€94,950 | €20,075 | +€115,025 | |
| Income taxes | 67/77 | €132 | €16,741 | +€16,610 | +12629.1% |
| Profit (loss) for the period | 9904 | -€95,081 | €3,334 | +€98,415 | |
| Profit (loss) for the period to be appropriated | 9905 | -€95,081 | €3,334 | +€98,415 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.