Niticon: 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.
Niticon
Largest movements
- Cash +€94,199
up €94,199 (+50.4%), from €186,848 to €281,047
mainly Net result for the year (+€96,047) and Depreciation (+€7,588)
- Reserves +€96,047
up €96,047 (+49.5%), from €194,132 to €290,180
- Gross operating margin +€20,121
up €20,121 (+15.6%), from €128,974 to €149,095
- Depreciation +€7,320
up €7,320 (+2,726%), from €269 to €7,588
- Taxes +€4,228
up €4,228 (+10.3%), from €40,923 to €45,150
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 | €218,616 | €314,013 | +€95,396 | +43.6% |
| Fixed assets | 21/28 | €61 | €1,755 | +€1,694 | +2,774% |
| Tangible fixed assets | 22/27 | €61 | €1,755 | +€1,694 | +2,774% |
| Furniture and vehicles | 24 | €61 | €1,755 | +€1,694 | +2,774% |
| Current assets | 29/58 | €218,555 | €312,258 | +€93,703 | +42.9% |
| Amounts receivable within one year | 40/41 | €31,051 | €30,471 | -€580 | -1.9% |
| Trade receivables | 40 | €30,250 | €30,250 | = | 0.0% |
| Other amounts receivable | 41 | €801 | €221 | -€580 | -72.4% |
| Cash at bank and in hand | 54/58 | €186,848 | €281,047 | +€94,199 | +50.4% |
| Deferred charges and accrued income | 490/1 | €656 | €740 | +€84 | +12.8% |
| Total equity and liabilities | 10/49 | €218,616 | €314,013 | +€95,396 | +43.6% |
| Equity | 10/15 | €204,132 | €300,180 | +€96,047 | +47.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €194,132 | €290,180 | +€96,047 | +49.5% |
| Distributable reserves | 133 | €194,132 | €290,180 | +€96,047 | +49.5% |
| Amounts payable | 17/49 | €14,484 | €13,833 | -€651 | -4.5% |
| Amounts payable within one year | 42/48 | €14,404 | €13,734 | -€670 | -4.7% |
| Financial debts | 43 | €12 | €27 | +€15 | +128% |
| Credit institutions | 430/8 | €12 | €27 | +€15 | +128% |
| Trade debts | 44 | €528 | €772 | +€245 | +46.3% |
| Suppliers | 440/4 | €528 | €772 | +€245 | +46.3% |
| Taxes, remuneration and social security | 45 | €13,322 | €12,392 | -€930 | -7.0% |
| Taxes | 450/3 | €13,322 | €12,392 | -€930 | -7.0% |
| Other amounts payable | 47/48 | €543 | €543 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €79 | €99 | +€19 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €7,588 | +€7,320 | +2,726% |
| Other operating charges | 640/8 | €1,259 | €1,302 | +€43 | +3.4% |
| Gross operating margin | 9900 | €128,974 | €149,095 | +€20,121 | +15.6% |
| Operating profit (loss) | 9901 | €127,447 | €140,205 | +€12,758 | +10.0% |
| Financial income | 75/76B | €1,026 | €1,238 | +€213 | +20.8% |
| Recurring financial income | 75 | €1,026 | €1,238 | +€213 | +20.8% |
| Financial charges | 65/66B | €657 | €246 | -€412 | -62.6% |
| Recurring financial charges | 65 | €657 | €246 | -€412 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €127,815 | €141,198 | +€13,383 | +10.5% |
| Income taxes | 67/77 | €40,923 | €45,150 | +€4,228 | +10.3% |
| Profit (loss) for the period | 9904 | €86,892 | €96,047 | +€9,155 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,892 | €96,047 | +€9,155 | +10.5% |
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 14 October 2026 via checked.be.