WILLIAM NICORA CONSULTING: 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.
WILLIAM NICORA CONSULTING
Largest movements
- Cash +€32,939
up €32,939 (+56.9%), from €57,844 to €90,783
mainly Net result for the year (+€73,026) and Depreciation (+€14,230)
- Tangible fixed assets -€11,843
down €11,843 (-43.8%), from €27,015 to €15,172
of which Furniture and vehicles: -€7,675
- Receivables within one year -€4,110
down €4,110 (-8.0%), from €51,684 to €47,574
of which Trade receivables: -€8,304
- Profit (loss) carried forward +€24,192
up €24,192 (+49.5%), from €48,834 to €73,026
- Debts after one year -€6,727
down €6,727 (-92.3%), from €7,291 to €564
- Gross operating margin +€32,856
up €32,856 (+43.9%), from €74,790 to €107,646
- Taxes +€7,169
up €7,169 (+57.6%), from €12,437 to €19,605
- Depreciation +€1,373
up €1,373 (+10.7%), from €12,857 to €14,230
- Financial income -€1,240
down €1,240 (-77.9%), from €1,592 to €352
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 | €138,304 | €155,669 | +€17,365 | +12.6% |
| Fixed assets | 21/28 | €27,015 | €15,172 | -€11,843 | -43.8% |
| Tangible fixed assets | 22/27 | €27,015 | €15,172 | -€11,843 | -43.8% |
| Plant, machinery and equipment | 23 | €11,245 | €7,076 | -€4,168 | -37.1% |
| Furniture and vehicles | 24 | €15,770 | €8,095 | -€7,675 | -48.7% |
| Current assets | 29/58 | €111,288 | €140,497 | +€29,208 | +26.2% |
| Amounts receivable within one year | 40/41 | €51,684 | €47,574 | -€4,110 | -8.0% |
| Trade receivables | 40 | €40,429 | €32,126 | -€8,304 | -20.5% |
| Other amounts receivable | 41 | €11,255 | €15,449 | +€4,194 | +37.3% |
| Cash at bank and in hand | 54/58 | €57,844 | €90,783 | +€32,939 | +56.9% |
| Deferred charges and accrued income | 490/1 | €1,760 | €2,139 | +€380 | +21.6% |
| Total equity and liabilities | 10/49 | €138,304 | €155,669 | +€17,365 | +12.6% |
| Equity | 10/15 | €113,934 | €138,126 | +€24,192 | +21.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,100 | €62,100 | = | 0.0% |
| Distributable reserves | 133 | €62,100 | €62,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,834 | €73,026 | +€24,192 | +49.5% |
| Amounts payable | 17/49 | €24,370 | €17,543 | -€6,827 | -28.0% |
| Amounts payable after more than one year | 17 | €7,291 | €564 | -€6,727 | -92.3% |
| Financial debts | 170/4 | €7,291 | €564 | -€6,727 | -92.3% |
| Amounts payable within one year | 42/48 | €17,079 | €16,979 | -€100 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €6,660 | €6,727 | +€67 | +1.0% |
| Trade debts | 44 | €3,261 | €2,856 | -€405 | -12.4% |
| Suppliers | 440/4 | €3,261 | €2,856 | -€405 | -12.4% |
| Taxes, remuneration and social security | 45 | €6,402 | €7,395 | +€994 | +15.5% |
| Taxes | 450/3 | €6,402 | €7,395 | +€994 | +15.5% |
| Other amounts payable | 47/48 | €756 | - | -€756 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,857 | €14,230 | +€1,373 | +10.7% |
| Other operating charges | 640/8 | €448 | €576 | +€128 | +28.6% |
| Non-recurring operating charges | 66A | €1,249 | - | -€1,249 | |
| Gross operating margin | 9900 | €74,790 | €107,646 | +€32,856 | +43.9% |
| Operating profit (loss) | 9901 | €60,236 | €92,840 | +€32,604 | +54.1% |
| Financial income | 75/76B | €1,592 | €352 | -€1,240 | -77.9% |
| Recurring financial income | 75 | €1,592 | €352 | -€1,240 | -77.9% |
| Financial charges | 65/66B | €557 | €560 | +€3 | +0.6% |
| Recurring financial charges | 65 | €557 | €560 | +€3 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €61,270 | €92,631 | +€31,361 | +51.2% |
| Income taxes | 67/77 | €12,437 | €19,605 | +€7,169 | +57.6% |
| Profit (loss) for the period | 9904 | €48,834 | €73,026 | +€24,192 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,834 | €73,026 | +€24,192 | +49.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.