KLEIN NICOLAYE: 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.
KLEIN NICOLAYE
Largest movements
- Cash +€27,863
up €27,863 (+13.0%), from €214,985 to €242,848
mainly Other debts (+€63,007) and Depreciation (+€14,260)
- Tangible fixed assets -€11,627
down €11,627 (-20.5%), from €56,684 to €45,057
of which Furniture and vehicles: -€6,219
- Stocks and contracts -€11,357
down €11,357 (-7.2%), from €157,827 to €146,470
- Deferred charges and accrued income -€5,426
down €5,426 (-96.9%), from €5,600 to €173
- Receivables within one year +€5,100
up €5,100 (+758%), from €673 to €5,773
of which Other amounts receivable: +€4,641
- Other debts +€63,007
up €63,007 (+539%), from €11,694 to €74,700
- Profit (loss) carried forward -€37,870
down €37,870 (-11.5%), from €328,040 to €290,170
- Trade debts -€8,079
down €8,079 (-25.8%), from €31,317 to €23,238
- Debts after one year -€7,746
down €7,746 (-51.2%), from €15,119 to €7,373
- Financial charges +€37,235
up €37,235 (+75.3%), from €49,424 to €86,658
- Taxes -€4,331
down €4,331 (-96.9%), from €4,469 to €138
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,768 | €440,322 | +€4,554 | +1.0% |
| Fixed assets | 21/28 | €56,684 | €45,057 | -€11,627 | -20.5% |
| Tangible fixed assets | 22/27 | €56,684 | €45,057 | -€11,627 | -20.5% |
| Plant, machinery and equipment | 23 | €31,391 | €25,983 | -€5,408 | -17.2% |
| Furniture and vehicles | 24 | €25,293 | €19,075 | -€6,219 | -24.6% |
| Current assets | 29/58 | €379,084 | €395,265 | +€16,180 | +4.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €157,827 | €146,470 | -€11,357 | -7.2% |
| Stocks | 30/36 | €157,827 | €146,470 | -€11,357 | -7.2% |
| Amounts receivable within one year | 40/41 | €673 | €5,773 | +€5,100 | +758% |
| Trade receivables | 40 | €0 | €459 | +€459 | |
| Other amounts receivable | 41 | €673 | €5,314 | +€4,641 | +690% |
| Cash at bank and in hand | 54/58 | €214,985 | €242,848 | +€27,863 | +13.0% |
| Deferred charges and accrued income | 490/1 | €5,600 | €173 | -€5,426 | -96.9% |
| Total equity and liabilities | 10/49 | €435,768 | €440,322 | +€4,554 | +1.0% |
| Equity | 10/15 | €344,900 | €307,030 | -€37,870 | -11.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328,040 | €290,170 | -€37,870 | -11.5% |
| Amounts payable | 17/49 | €90,868 | €133,292 | +€42,423 | +46.7% |
| Amounts payable after more than one year | 17 | €15,119 | €7,373 | -€7,746 | -51.2% |
| Financial debts | 170/4 | €15,119 | €7,373 | -€7,746 | -51.2% |
| Amounts payable within one year | 42/48 | €74,448 | €125,919 | +€51,471 | +69.1% |
| Current portion of amounts payable after more than one year | 42 | €7,448 | €7,746 | +€298 | +4.0% |
| Trade debts | 44 | €31,317 | €23,238 | -€8,079 | -25.8% |
| Suppliers | 440/4 | €31,317 | €23,238 | -€8,079 | -25.8% |
| Taxes, remuneration and social security | 45 | €23,989 | €20,233 | -€3,755 | -15.7% |
| Taxes | 450/3 | €18,506 | €14,627 | -€3,878 | -21.0% |
| Remuneration and social security | 454/9 | €5,483 | €5,606 | +€123 | +2.2% |
| Other amounts payable | 47/48 | €11,694 | €74,700 | +€63,007 | +539% |
| Accrued charges and deferred income | 492/3 | €1,301 | €0 | -€1,301 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,696 | €14,260 | -€437 | -3.0% |
| Other operating charges | 640/8 | €1,483 | €1,909 | +€426 | +28.7% |
| Gross operating margin | 9900 | €74,915 | €75,487 | +€572 | +0.8% |
| Operating profit (loss) | 9901 | €58,736 | €59,318 | +€582 | +1.0% |
| Financial income | 75/76B | €6,991 | €6,752 | -€238 | -3.4% |
| Recurring financial income | 75 | €6,991 | €6,752 | -€238 | -3.4% |
| Financial charges | 65/66B | €49,424 | €86,658 | +€37,235 | +75.3% |
| Recurring financial charges | 65 | €49,424 | €86,658 | +€37,235 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €16,302 | -€20,588 | -€36,891 | |
| Income taxes | 67/77 | €4,469 | €138 | -€4,331 | -96.9% |
| Profit (loss) for the period | 9904 | €11,833 | -€20,727 | -€32,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,833 | -€20,727 | -€32,560 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.