N.I.K.O.: what changed
N.I.K.O.
Largest movements
- Receivables within one year -€17,853
down €17,853 (-52.7%), from €33,903 to €16,050
of which Trade receivables: -€17,880
- Tangible fixed assets +€16,913
up €16,913 (+1,443%), from €1,172 to €18,084
of which Leasing and similar rights: +€16,066
- Cash +€13,683
up €13,683 (+41.8%), from €32,730 to €46,413
mainly Receivables within one year (+€17,853) and Net result for the year (+€9,950)
- Financial fixed assets +€3,000
new in 2025: €3,000
- Deferred charges and accrued income +€1,901
up €1,901 (+2,459%), from €77 to €1,978
- Profit (loss) carried forward +€9,950
up €9,950 (+712%), from €1,397 to €11,347
- Tax, wage and social debts +€6,170
up €6,170 (+45.9%), from €13,430 to €19,600
of which Taxes: +€6,170
- Trade debts +€5,927
up €5,927 (+19.1%), from €31,007 to €36,934
- Other debts -€4,403
down €4,403 (-23.1%), from €19,049 to €14,646
- Gross operating margin +€20,247
up €20,247 (+288%), from €7,031 to €27,279
- Taxes +€5,116
up €5,116 (+573%), from €893 to €6,009
- Depreciation +€4,115
up €4,115 (+3,584%), from €115 to €4,230
- Financial charges +€3,551
up €3,551 (+565%), from €628 to €4,180
- Other operating charges +€669
up €669 (+61.4%), from €1,090 to €1,759
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,882 | €85,527 | +€17,644 | +26.0% |
| Fixed assets | 21/28 | €1,172 | €21,084 | +€19,913 | +1,700% |
| Tangible fixed assets | 22/27 | €1,172 | €18,084 | +€16,913 | +1,443% |
| Furniture and vehicles | 24 | €1,172 | €2,019 | +€847 | +72.3% |
| Leasing and similar rights | 25 | - | €16,066 | +€16,066 | |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €66,711 | €64,442 | -€2,269 | -3.4% |
| Amounts receivable within one year | 40/41 | €33,903 | €16,050 | -€17,853 | -52.7% |
| Trade receivables | 40 | €33,880 | €16,000 | -€17,880 | -52.8% |
| Other amounts receivable | 41 | €23 | €50 | +€27 | +116% |
| Cash at bank and in hand | 54/58 | €32,730 | €46,413 | +€13,683 | +41.8% |
| Deferred charges and accrued income | 490/1 | €77 | €1,978 | +€1,901 | +2,459% |
| Total equity and liabilities | 10/49 | €67,882 | €85,527 | +€17,644 | +26.0% |
| Equity | 10/15 | €4,397 | €14,347 | +€9,950 | +226% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,397 | €11,347 | +€9,950 | +712% |
| Amounts payable | 17/49 | €63,485 | €71,180 | +€7,695 | +12.1% |
| Amounts payable within one year | 42/48 | €63,485 | €71,180 | +€7,695 | +12.1% |
| Trade debts | 44 | €31,007 | €36,934 | +€5,927 | +19.1% |
| Suppliers | 440/4 | €31,007 | €36,934 | +€5,927 | +19.1% |
| Taxes, remuneration and social security | 45 | €13,430 | €19,600 | +€6,170 | +45.9% |
| Taxes | 450/3 | €10,430 | €16,600 | +€6,170 | +59.2% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €19,049 | €14,646 | -€4,403 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115 | €4,230 | +€4,115 | +3,584% |
| Other operating charges | 640/8 | €1,090 | €1,759 | +€669 | +61.4% |
| Non-recurring operating charges | 66A | €2,945 | €1,172 | -€1,774 | -60.2% |
| Gross operating margin | 9900 | €7,031 | €27,279 | +€20,247 | +288% |
| Operating profit (loss) | 9901 | €2,881 | €20,117 | +€17,237 | +598% |
| Financial income | 75/76B | €37 | €20 | -€17 | -45.2% |
| Recurring financial income | 75 | €37 | €20 | -€17 | -45.2% |
| Financial charges | 65/66B | €628 | €4,180 | +€3,551 | +565% |
| Recurring financial charges | 65 | €628 | €4,180 | +€3,551 | +565% |
| Profit (loss) for the period before taxes | 9903 | €2,290 | €15,958 | +€13,669 | +597% |
| Income taxes | 67/77 | €893 | €6,009 | +€5,116 | +573% |
| Profit (loss) for the period | 9904 | €1,397 | €9,950 | +€8,553 | +612% |
| Profit (loss) for the period to be appropriated | 9905 | €1,397 | €9,950 | +€8,553 | +612% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.