SO NICE: what changed
Two fiscal 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.
SO NICE
Largest movements
- Stocks and contracts -€9,516
down €9,516 (-39.3%), from €24,206 to €14,690
- Receivables within one year +€4,887
up €4,887 (+58.9%), from €8,303 to €13,190
of which Trade receivables: +€4,664
- Tangible fixed assets -€2,415
down €2,415 (-24.6%), from €9,830 to €7,414
of which Plant, machinery and equipment: -€1,645
- Cash +€633
up €633 (+27.9%), from €2,267 to €2,900
mainly Trade debts (+€14,306) and Stocks and contracts (+€9,516)
- Trade debts +€14,306
up €14,306 (+135.2%), from €10,581 to €24,887
- Profit (loss) carried forward -€13,145
down €13,145 (-941.4%), from -€1,396 to -€14,541
- Debts after one year -€5,483
no longer reported in 2025 (was €5,483)
- Current portion of long-term debt -€2,656
down €2,656 (-32.6%), from €8,139 to €5,483
- Gross operating margin -€38,607
down €38,607 (-56.3%), from €68,537 to €29,930
- Staff costs -€15,210
down €15,210 (-29.4%), from €51,759 to €36,550
- Taxes -€2,170
down €2,170 (-91.6%), from €2,369 to €200
- Other operating charges -€689
down €689 (-36.1%), from €1,908 to €1,220
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.
Cash bridge derived
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 | €47,987 | €41,567 | -€6,420 | -13.4% |
| Fixed assets | 21/28 | €12,890 | €10,474 | -€2,415 | -18.7% |
| Tangible fixed assets | 22/27 | €9,830 | €7,414 | -€2,415 | -24.6% |
| Plant, machinery and equipment | 23 | €6,749 | €5,104 | -€1,645 | -24.4% |
| Other tangible fixed assets | 26 | €3,081 | €2,311 | -€770 | -25.0% |
| Financial fixed assets | 28 | €3,060 | €3,060 | = | 0.0% |
| Current assets | 29/58 | €35,097 | €31,093 | -€4,004 | -11.4% |
| Stocks and contracts in progress | 3 | €24,206 | €14,690 | -€9,516 | -39.3% |
| Stocks | 30/36 | €24,206 | €14,690 | -€9,516 | -39.3% |
| Amounts receivable within one year | 40/41 | €8,303 | €13,190 | +€4,887 | +58.9% |
| Trade receivables | 40 | €8,088 | €12,752 | +€4,664 | +57.7% |
| Other amounts receivable | 41 | €215 | €438 | +€223 | +103.8% |
| Cash at bank and in hand | 54/58 | €2,267 | €2,900 | +€633 | +27.9% |
| Deferred charges and accrued income | 490/1 | €321 | €313 | -€8 | -2.5% |
| Total equity and liabilities | 10/49 | €47,987 | €41,567 | -€6,420 | -13.4% |
| Equity | 10/15 | €4,804 | -€8,341 | -€13,145 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,396 | -€14,541 | -€13,145 | -941.4% |
| Amounts payable | 17/49 | €43,183 | €49,908 | +€6,725 | +15.6% |
| Amounts payable after more than one year | 17 | €5,483 | - | -€5,483 | |
| Financial debts | 170/4 | €5,483 | - | -€5,483 | |
| Amounts payable within one year | 42/48 | €37,700 | €49,908 | +€12,208 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €8,139 | €5,483 | -€2,656 | -32.6% |
| Trade debts | 44 | €10,581 | €24,887 | +€14,306 | +135.2% |
| Suppliers | 440/4 | €10,581 | €24,887 | +€14,306 | +135.2% |
| Taxes, remuneration and social security | 45 | €12,792 | €13,116 | +€324 | +2.5% |
| Taxes | 450/3 | €5,592 | €7,078 | +€1,487 | +26.6% |
| Remuneration and social security | 454/9 | €7,200 | €6,037 | -€1,163 | -16.2% |
| Other amounts payable | 47/48 | €6,188 | €6,422 | +€235 | +3.8% |
| Remuneration, social security and pensions | 62 | €51,759 | €36,550 | -€15,210 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,304 | €2,415 | +€112 | +4.8% |
| Other operating charges | 640/8 | €1,908 | €1,220 | -€689 | -36.1% |
| Gross operating margin | 9900 | €68,537 | €29,930 | -€38,607 | -56.3% |
| Operating profit (loss) | 9901 | €12,566 | -€10,254 | -€22,820 | |
| Financial income | 75/76B | €111 | €135 | +€24 | +21.5% |
| Recurring financial income | 75 | €111 | €135 | +€24 | +21.5% |
| Financial charges | 65/66B | €3,101 | €2,825 | -€276 | -8.9% |
| Recurring financial charges | 65 | €3,101 | €2,825 | -€276 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €9,576 | -€12,945 | -€22,521 | |
| Income taxes | 67/77 | €2,369 | €200 | -€2,170 | -91.6% |
| Profit (loss) for the period | 9904 | €7,206 | -€13,145 | -€20,351 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,206 | -€13,145 | -€20,351 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.