The 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.
The Nice
Largest movements
- Receivables within one year -€20,830
down €20,830 (-67.1%), from €31,038 to €10,207
of which Trade receivables: -€20,841
- Cash -€7,355
down €7,355 (-51.7%), from €14,226 to €6,871
mainly Trade debts (-€16,553) and Other debts (-€13,174)
- Tangible fixed assets -€2,103
down €2,103 (-6.7%), from €31,470 to €29,367
of which Other tangible fixed assets: -€1,556
- Trade debts -€16,553
down €16,553 (-94.5%), from €17,511 to €957
- Other debts -€13,174
down €13,174 (-89.6%), from €14,702 to €1,528
- Reserves +€9,375
up €9,375 (+41.6%), from €22,532 to €31,907
- Tax, wage and social debts -€5,953
down €5,953 (-38.2%), from €15,576 to €9,623
- Profit (loss) carried forward -€4,000
down €4,000 (-100.0%), from €4,000 to €0
- Gross operating margin -€7,301
down €7,301 (-35.0%), from €20,870 to €13,569
- Taxes -€653
down €653 (-13.1%), from €4,991 to €4,338
- Other operating charges -€546
down €546 (-21.0%), from €2,597 to €2,051
- Depreciation +€458
up €458 (+42.7%), from €1,072 to €1,529
- Financial charges +€250
up €250 (+834.2%), from €30 to €280
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 | €77,105 | €47,274 | -€29,832 | -38.7% |
| Fixed assets | 21/28 | €31,470 | €29,367 | -€2,103 | -6.7% |
| Tangible fixed assets | 22/27 | €31,470 | €29,367 | -€2,103 | -6.7% |
| Plant, machinery and equipment | 23 | €1,998 | €1,777 | -€221 | -11.0% |
| Furniture and vehicles | 24 | €1,017 | €480 | -€537 | -52.8% |
| Leasing and similar rights | 25 | - | €210 | +€210 | |
| Other tangible fixed assets | 26 | €28,455 | €26,899 | -€1,556 | -5.5% |
| Current assets | 29/58 | €45,635 | €17,907 | -€27,729 | -60.8% |
| Amounts receivable within one year | 40/41 | €31,038 | €10,207 | -€20,830 | -67.1% |
| Trade receivables | 40 | €31,038 | €10,197 | -€20,841 | -67.1% |
| Other amounts receivable | 41 | €0 | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €14,226 | €6,871 | -€7,355 | -51.7% |
| Deferred charges and accrued income | 490/1 | €371 | €828 | +€457 | +123.1% |
| Total equity and liabilities | 10/49 | €77,105 | €47,274 | -€29,832 | -38.7% |
| Equity | 10/15 | €29,032 | €34,407 | +€5,375 | +18.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,532 | €31,907 | +€9,375 | +41.6% |
| Distributable reserves | 133 | €22,532 | €31,907 | +€9,375 | +41.6% |
| Profit (loss) carried forward | 14 | €4,000 | €0 | -€4,000 | -100.0% |
| Amounts payable | 17/49 | €48,073 | €12,867 | -€35,207 | -73.2% |
| Amounts payable within one year | 42/48 | €48,073 | €12,867 | -€35,207 | -73.2% |
| Financial debts | 43 | €285 | €758 | +€474 | +166.5% |
| Credit institutions | 430/8 | €285 | €758 | +€474 | +166.5% |
| Trade debts | 44 | €17,511 | €957 | -€16,553 | -94.5% |
| Suppliers | 440/4 | €17,511 | €957 | -€16,553 | -94.5% |
| Taxes, remuneration and social security | 45 | €15,576 | €9,623 | -€5,953 | -38.2% |
| Taxes | 450/3 | €15,576 | €9,623 | -€5,953 | -38.2% |
| Other amounts payable | 47/48 | €14,702 | €1,528 | -€13,174 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,072 | €1,529 | +€458 | +42.7% |
| Other operating charges | 640/8 | €2,597 | €2,051 | -€546 | -21.0% |
| Gross operating margin | 9900 | €20,870 | €13,569 | -€7,301 | -35.0% |
| Operating profit (loss) | 9901 | €17,201 | €9,988 | -€7,213 | -41.9% |
| Financial income | 75/76B | €35 | €4 | -€30 | -88.3% |
| Recurring financial income | 75 | €35 | €4 | -€30 | -88.3% |
| Financial charges | 65/66B | €30 | €280 | +€250 | +834.2% |
| Recurring financial charges | 65 | €30 | €280 | +€250 | +834.2% |
| Profit (loss) for the period before taxes | 9903 | €17,206 | €9,712 | -€7,493 | -43.6% |
| Income taxes | 67/77 | €4,991 | €4,338 | -€653 | -13.1% |
| Profit (loss) for the period | 9904 | €12,215 | €5,375 | -€6,840 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,215 | €5,375 | -€6,840 | -56.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.