N.K.N.: 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.
What changed
N.K.N.
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€118,357
2025 · -€90,990-€27,367
Equity
€1.1m
2025 · €1.2m-€118,357
Cash
€21,760
2025 · €18,423+€3,337
Balance sheet total
€2.0m
2025 · €2.1m-€103,296
Largest movements
Assets
- Tangible fixed assets -€111,278
down €111,278 (-5.7%), from €2.0m to €1.9m
of which Other tangible fixed assets: -€69,795
Equity and liabilities
- Reserves -€118,357
down €118,357 (-38.1%), from €310,823 to €192,466
of which Distributable reserves: -€118,357
- Other debts +€21,305
up €21,305 (+4.8%), from €442,353 to €463,658
Income statement
- Gross operating margin +€42,519
up €42,519, from -€21,090 to €21,429
- Financial charges -€409
down €409 (-2.8%), from €14,404 to €13,995
- Depreciation +€364
up €364 (+0.9%), from €41,119 to €41,483
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.
Result 2025
-€90,990
Gross operating margin
+€42,519
Depreciation
-€364
Other operating charges
-€136
Other operating items
-€69,795
Financial income
-€0
Financial charges
+€409
Taxes
+€0
Result 2026
-€118,357
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€66,458
Investment
+€69,795
Financing
€0
Cash 2025
€18,423
From operations (derived)
-€66,458
Net result for the year
-€118,357
Depreciation
+€41,483
Receivables within one year
-€7,556
Deferred charges and accrued income
+€2,912
Trade debts
-€9,334
Advances received
+€3,090
Other debts
+€21,305
Investment (derived)
+€69,795
Investment in fixed assets (net)
+€69,795
Cash 2026
€21,760
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,084,053 | €1,980,757 | -€103,296 | -5.0% |
| Fixed assets | 21/28 | €1,969,895 | €1,858,617 | -€111,278 | -5.6% |
| Tangible fixed assets | 22/27 | €1,964,895 | €1,853,617 | -€111,278 | -5.7% |
| Land and buildings | 22 | €1,637,772 | €1,598,475 | -€39,297 | -2.4% |
| Plant, machinery and equipment | 23 | €4,312 | €3,661 | -€651 | -15.1% |
| Furniture and vehicles | 24 | €3,015 | €1,481 | -€1,534 | -50.9% |
| Other tangible fixed assets | 26 | €319,795 | €250,000 | -€69,795 | -21.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €114,158 | €122,140 | +€7,982 | +7.0% |
| Stocks and contracts in progress | 3 | €74,912 | €74,912 | = | 0.0% |
| Stocks | 30/36 | €74,912 | €74,912 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28 | €7,585 | +€7,556 | +26,910% |
| Trade receivables | 40 | €28 | €6,554 | +€6,526 | +23,240% |
| Other amounts receivable | 41 | - | €1,031 | +€1,031 | |
| Cash at bank and in hand | 54/58 | €18,423 | €21,760 | +€3,337 | +18.1% |
| Deferred charges and accrued income | 490/1 | €20,796 | €17,884 | -€2,912 | -14.0% |
| Total equity and liabilities | 10/49 | €2,084,053 | €1,980,757 | -€103,296 | -5.0% |
| Equity | 10/15 | €1,210,823 | €1,092,466 | -€118,357 | -9.8% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €310,823 | €192,466 | -€118,357 | -38.1% |
| Non-distributable reserves | 130/1 | €36,866 | €36,866 | = | 0.0% |
| Legal reserve | 130 | €36,866 | €36,866 | = | 0.0% |
| Distributable reserves | 133 | €273,957 | €155,600 | -€118,357 | -43.2% |
| Amounts payable | 17/49 | €873,230 | €888,291 | +€15,061 | +1.7% |
| Amounts payable after more than one year | 17 | €410,400 | €410,400 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Other amounts payable | 178/9 | €10,400 | €10,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €462,830 | €477,891 | +€15,061 | +3.3% |
| Trade debts | 44 | €20,478 | €11,143 | -€9,334 | -45.6% |
| Suppliers | 440/4 | €20,478 | €11,143 | -€9,334 | -45.6% |
| Advances received on contracts in progress | 46 | - | €3,090 | +€3,090 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €442,353 | €463,658 | +€21,305 | +4.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,119 | €41,483 | +€364 | +0.9% |
| Other operating charges | 640/8 | €14,377 | €14,513 | +€136 | +0.9% |
| Non-recurring operating charges | 66A | - | €69,795 | +€69,795 | |
| Gross operating margin | 9900 | -€21,090 | €21,429 | +€42,519 | |
| Operating profit (loss) | 9901 | -€76,585 | -€104,362 | -€27,777 | -36.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €14,404 | €13,995 | -€409 | -2.8% |
| Recurring financial charges | 65 | €14,404 | €13,995 | -€409 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€90,989 | -€118,357 | -€27,368 | -30.1% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period | 9904 | -€90,990 | -€118,357 | -€27,367 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,990 | -€118,357 | -€27,367 | -30.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.