Concept Nikèl: 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.
Concept Nikèl
Largest movements
- Receivables within one year +€194,463
up €194,463 (+55.7%), from €349,042 to €543,506
of which Trade receivables: +€172,228
- Current investments +€94,702
new in 2025: €94,702
- Cash +€59,494
up €59,494 (+972.2%), from €6,119 to €65,613
mainly Net result for the year (+€271,103) and Tax, wage and social debts (+€50,148)
- Tangible fixed assets -€23,447
down €23,447 (-20.2%), from €116,315 to €92,867
of which Furniture and vehicles: -€22,110
- Financial fixed assets -€15,791
no longer reported in 2025 (was €15,791)
- Reserves +€271,103
up €271,103 (+72.8%), from €372,205 to €643,308
of which Distributable reserves: +€271,103
- Tax, wage and social debts +€50,148
up €50,148 (+189.1%), from €26,518 to €76,667
of which Taxes: +€48,965
- Debts after one year -€13,562
down €13,562 (-23.9%), from €56,851 to €43,289
- Gross operating margin +€170,002
up €170,002 (+76.7%), from €221,787 to €391,789
- Taxes +€37,392
up €37,392 (+73.8%), from €50,691 to €88,082
- Depreciation +€17,457
up €17,457 (+136.7%), from €12,767 to €30,224
- Financial charges +€7,264
up €7,264 (+2041.8%), from €356 to €7,620
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 | €490,598 | €799,839 | +€309,241 | +63.0% |
| Fixed assets | 21/28 | €132,106 | €92,867 | -€39,238 | -29.7% |
| Tangible fixed assets | 22/27 | €116,315 | €92,867 | -€23,447 | -20.2% |
| Plant, machinery and equipment | 23 | €661 | €520 | -€141 | -21.4% |
| Furniture and vehicles | 24 | €112,087 | €89,977 | -€22,110 | -19.7% |
| Other tangible fixed assets | 26 | €3,567 | €2,371 | -€1,196 | -33.5% |
| Financial fixed assets | 28 | €15,791 | - | -€15,791 | |
| Current assets | 29/58 | €358,492 | €706,971 | +€348,479 | +97.2% |
| Amounts receivable within one year | 40/41 | €349,042 | €543,506 | +€194,463 | +55.7% |
| Trade receivables | 40 | €143,757 | €315,985 | +€172,228 | +119.8% |
| Other amounts receivable | 41 | €205,285 | €227,521 | +€22,236 | +10.8% |
| Current investments | 50/53 | - | €94,702 | +€94,702 | |
| Cash at bank and in hand | 54/58 | €6,119 | €65,613 | +€59,494 | +972.2% |
| Deferred charges and accrued income | 490/1 | €3,331 | €3,151 | -€180 | -5.4% |
| Total equity and liabilities | 10/49 | €490,598 | €799,839 | +€309,241 | +63.0% |
| Equity | 10/15 | €390,805 | €661,908 | +€271,103 | +69.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €372,205 | €643,308 | +€271,103 | +72.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €403 | €403 | = | 0.0% |
| Distributable reserves | 133 | €369,942 | €641,045 | +€271,103 | +73.3% |
| Amounts payable | 17/49 | €99,793 | €137,931 | +€38,138 | +38.2% |
| Amounts payable after more than one year | 17 | €56,851 | €43,289 | -€13,562 | -23.9% |
| Financial debts | 170/4 | €56,851 | €43,289 | -€13,562 | -23.9% |
| Amounts payable within one year | 42/48 | €42,178 | €93,629 | +€51,451 | +122.0% |
| Current portion of amounts payable after more than one year | 42 | €13,149 | €13,562 | +€412 | +3.1% |
| Trade debts | 44 | €2,510 | €3,400 | +€890 | +35.5% |
| Suppliers | 440/4 | €2,510 | €3,400 | +€890 | +35.5% |
| Taxes, remuneration and social security | 45 | €26,518 | €76,667 | +€50,148 | +189.1% |
| Taxes | 450/3 | €22,301 | €71,267 | +€48,965 | +219.6% |
| Remuneration and social security | 454/9 | €4,217 | €5,400 | +€1,183 | +28.1% |
| Accrued charges and deferred income | 492/3 | €764 | €1,013 | +€249 | +32.6% |
| Non-recurring operating income | 76A | - | €24,174 | +€24,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,767 | €30,224 | +€17,457 | +136.7% |
| Other operating charges | 640/8 | €969 | €690 | -€279 | -28.8% |
| Gross operating margin | 9900 | €221,787 | €391,789 | +€170,002 | +76.7% |
| Operating profit (loss) | 9901 | €208,051 | €360,876 | +€152,825 | +73.5% |
| Financial income | 75/76B | €6,208 | €5,929 | -€279 | -4.5% |
| Recurring financial income | 75 | €6,208 | €5,929 | -€279 | -4.5% |
| Financial charges | 65/66B | €356 | €7,620 | +€7,264 | +2041.8% |
| Recurring financial charges | 65 | €356 | €7,620 | +€7,264 | +2041.8% |
| Profit (loss) for the period before taxes | 9903 | €213,904 | €359,185 | +€145,281 | +67.9% |
| Income taxes | 67/77 | €50,691 | €88,082 | +€37,392 | +73.8% |
| Profit (loss) for the period | 9904 | €163,213 | €271,103 | +€107,890 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €163,213 | €271,103 | +€107,890 | +66.1% |
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 12 October 2026 via checked.be.