NLC UNICORN: 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.
NLC UNICORN
Largest movements
- Cash -€22,855
down €22,855 (-44.4%), from €51,528 to €28,673
mainly Contributions, distributions and other (-€29,874) and Receivables within one year (-€16,038)
- Receivables within one year +€16,038
up €16,038 (+105%), from €15,302 to €31,340
of which Trade receivables: +€16,305
- Deferred charges and accrued income -€4,184
down €4,184 (-59.6%), from €7,022 to €2,838
- Tangible fixed assets -€3,613
down €3,613 (-21.5%), from €16,794 to €13,181
of which Furniture and vehicles: -€5,707
- Reserves -€10,210
down €10,210 (-16.0%), from €63,696 to €53,486
of which Distributable reserves: -€10,210
- Debts after one year -€6,561
down €6,561 (-56.3%), from €11,654 to €5,093
- Trade debts +€1,293
up €1,293 (+417%), from €310 to €1,603
- Gross operating margin +€9,565
up €9,565 (+24.8%), from €38,528 to €48,093
- Depreciation +€4,215
up €4,215 (+172%), from €2,451 to €6,666
- Staff costs -€497
down €497 (-3.7%), from €13,359 to €12,862
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 | €90,902 | €76,287 | -€14,615 | -16.1% |
| Fixed assets | 21/28 | €17,049 | €13,436 | -€3,613 | -21.2% |
| Tangible fixed assets | 22/27 | €16,794 | €13,181 | -€3,613 | -21.5% |
| Plant, machinery and equipment | 23 | - | €2,094 | +€2,094 | |
| Furniture and vehicles | 24 | €16,794 | €11,087 | -€5,707 | -34.0% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €73,853 | €62,851 | -€11,002 | -14.9% |
| Amounts receivable within one year | 40/41 | €15,302 | €31,340 | +€16,038 | +105% |
| Trade receivables | 40 | €14,791 | €31,096 | +€16,305 | +110% |
| Other amounts receivable | 41 | €511 | €244 | -€267 | -52.3% |
| Cash at bank and in hand | 54/58 | €51,528 | €28,673 | -€22,855 | -44.4% |
| Deferred charges and accrued income | 490/1 | €7,022 | €2,838 | -€4,184 | -59.6% |
| Total equity and liabilities | 10/49 | €90,902 | €76,287 | -€14,615 | -16.1% |
| Equity | 10/15 | €66,687 | €56,476 | -€10,210 | -15.3% |
| Reserves | 13 | €63,696 | €53,486 | -€10,210 | -16.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €61,836 | €51,626 | -€10,210 | -16.5% |
| Profit (loss) carried forward | 14 | €2,990 | €2,990 | = | 0.0% |
| Amounts payable | 17/49 | €24,215 | €19,811 | -€4,404 | -18.2% |
| Amounts payable after more than one year | 17 | €11,654 | €5,093 | -€6,561 | -56.3% |
| Financial debts | 170/4 | €11,654 | €5,093 | -€6,561 | -56.3% |
| Amounts payable within one year | 42/48 | €12,561 | €14,717 | +€2,157 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €6,307 | €6,561 | +€254 | +4.0% |
| Trade debts | 44 | €310 | €1,603 | +€1,293 | +417% |
| Suppliers | 440/4 | €310 | €1,603 | +€1,293 | +417% |
| Taxes, remuneration and social security | 45 | €5,943 | €6,553 | +€610 | +10.3% |
| Taxes | 450/3 | €4,947 | €6,553 | +€1,606 | +32.5% |
| Remuneration and social security | 454/9 | €996 | - | -€996 | |
| Remuneration, social security and pensions | 62 | €13,359 | €12,862 | -€497 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,451 | €6,666 | +€4,215 | +172% |
| Other operating charges | 640/8 | €959 | €808 | -€151 | -15.8% |
| Non-recurring operating charges | 66A | €512 | €138 | -€374 | -73.1% |
| Gross operating margin | 9900 | €38,528 | €48,093 | +€9,565 | +24.8% |
| Operating profit (loss) | 9901 | €21,247 | €27,619 | +€6,372 | +30.0% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €713 | €700 | -€12 | -1.7% |
| Recurring financial charges | 65 | €713 | €700 | -€12 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €20,534 | €26,929 | +€6,394 | +31.1% |
| Income taxes | 67/77 | €7,571 | €7,265 | -€306 | -4.0% |
| Profit (loss) for the period | 9904 | €12,963 | €19,664 | +€6,700 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,963 | €19,664 | +€6,700 | +51.7% |
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 27 October 2026 via checked.be.