Nicli: 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.
Nicli
Largest movements
- Tangible fixed assets -€17,766
down €17,766 (-6.2%), from €285,698 to €267,932
of which Land and buildings: -€16,898
- Receivables within one year +€13,859
up €13,859 (+74.7%), from €18,545 to €32,404
- Cash -€6,634
down €6,634 (-34.5%), from €19,248 to €12,614
mainly Debts after one year (-€19,380) and Receivables within one year (-€13,859)
- Debts after one year -€19,380
down €19,380 (-7.0%), from €278,845 to €259,465
- Other debts +€15,419
up €15,419 (+6.3%), from €244,357 to €259,777
- Tax, wage and social debts +€7,014
up €7,014 (+183%), from €3,838 to €10,852
- Trade debts -€6,120
down €6,120 (-74.7%), from €8,196 to €2,076
- Depreciation +€633
up €633 (+3.2%), from €19,580 to €20,213
- Gross operating margin +€512
up €512 (+1.9%), from €26,909 to €27,422
- Financial charges +€290
up €290 (+6.9%), from €4,181 to €4,470
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 | €530,897 | €523,413 | -€7,485 | -1.4% |
| Fixed assets | 21/28 | €285,698 | €267,932 | -€17,766 | -6.2% |
| Tangible fixed assets | 22/27 | €285,698 | €267,932 | -€17,766 | -6.2% |
| Land and buildings | 22 | €278,680 | €261,782 | -€16,898 | -6.1% |
| Plant, machinery and equipment | 23 | €7,017 | €6,150 | -€868 | -12.4% |
| Current assets | 29/58 | €245,200 | €255,481 | +€10,281 | +4.2% |
| Stocks and contracts in progress | 3 | €204,753 | €209,335 | +€4,582 | +2.2% |
| Stocks | 30/36 | €204,753 | €209,335 | +€4,582 | +2.2% |
| Amounts receivable within one year | 40/41 | €18,545 | €32,404 | +€13,859 | +74.7% |
| Trade receivables | 40 | €18,545 | €32,404 | +€13,859 | +74.7% |
| Cash at bank and in hand | 54/58 | €19,248 | €12,614 | -€6,634 | -34.5% |
| Deferred charges and accrued income | 490/1 | €2,654 | €1,128 | -€1,526 | -57.5% |
| Total equity and liabilities | 10/49 | €530,897 | €523,413 | -€7,485 | -1.4% |
| Equity | 10/15 | -€28,648 | -€28,144 | +€504 | +1.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €25,178 | €25,178 | = | 0.0% |
| Distributable reserves | 133 | €25,178 | €25,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,826 | -€54,322 | +€504 | +0.9% |
| Amounts payable | 17/49 | €559,545 | €551,556 | -€7,989 | -1.4% |
| Amounts payable after more than one year | 17 | €278,845 | €259,465 | -€19,380 | -7.0% |
| Financial debts | 170/4 | €278,845 | €259,465 | -€19,380 | -7.0% |
| Amounts payable within one year | 42/48 | €280,285 | €292,074 | +€11,789 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €23,894 | €19,370 | -€4,524 | -18.9% |
| Trade debts | 44 | €8,196 | €2,076 | -€6,120 | -74.7% |
| Suppliers | 440/4 | €8,196 | €2,076 | -€6,120 | -74.7% |
| Taxes, remuneration and social security | 45 | €3,838 | €10,852 | +€7,014 | +183% |
| Taxes | 450/3 | €3,838 | €10,852 | +€7,014 | +183% |
| Other amounts payable | 47/48 | €244,357 | €259,777 | +€15,419 | +6.3% |
| Accrued charges and deferred income | 492/3 | €415 | €18 | -€398 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,580 | €20,213 | +€633 | +3.2% |
| Other operating charges | 640/8 | €2,259 | €2,235 | -€24 | -1.1% |
| Gross operating margin | 9900 | €26,909 | €27,422 | +€512 | +1.9% |
| Operating profit (loss) | 9901 | €5,070 | €4,975 | -€96 | -1.9% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100% |
| Financial charges | 65/66B | €4,181 | €4,470 | +€290 | +6.9% |
| Recurring financial charges | 65 | €4,181 | €4,470 | +€290 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €897 | €504 | -€393 | -43.8% |
| Income taxes | 67/77 | €7 | €0 | -€7 | -100% |
| Profit (loss) for the period | 9904 | €891 | €504 | -€387 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €891 | €504 | -€387 | -43.4% |
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 23 October 2026 via checked.be.