N.K.S.: 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.
N.K.S.
Largest movements
- Financial fixed assets +€575,000
new in 2025: €575,000
- Receivables within one year -€24,015
down €24,015 (-13.2%), from €181,860 to €157,845
of which Other amounts receivable: -€21,800
- Tangible fixed assets +€12,899
up €12,899 (+4.5%), from €287,176 to €300,075
- Debts after one year +€446,678
new in 2025: €446,678
- Other debts +€68,314
up €68,314 (+1,214%), from €5,628 to €73,942
- Current portion of long-term debt +€46,136
new in 2025: €46,136
- Trade debts +€12,293
up €12,293 (+7,187%), from €171 to €12,464
- Gross operating margin -€36,266
down €36,266 (-42.0%), from €86,357 to €50,092
- Financial charges +€17,537
up €17,537 (+1,142%), from €1,536 to €19,073
- Taxes -€12,463
down €12,463 (-87.2%), from €14,290 to €1,827
- Depreciation +€2,153
up €2,153 (+10.7%), from €20,164 to €22,317
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 | €471,482 | €1,041,959 | +€570,477 | +121% |
| Fixed assets | 21/28 | €287,176 | €875,075 | +€587,899 | +205% |
| Tangible fixed assets | 22/27 | €287,176 | €300,075 | +€12,899 | +4.5% |
| Land and buildings | 22 | €287,176 | €300,075 | +€12,899 | +4.5% |
| Financial fixed assets | 28 | - | €575,000 | +€575,000 | |
| Current assets | 29/58 | €184,306 | €166,884 | -€17,422 | -9.5% |
| Amounts receivable within one year | 40/41 | €181,860 | €157,845 | -€24,015 | -13.2% |
| Trade receivables | 40 | €11,398 | €9,183 | -€2,215 | -19.4% |
| Other amounts receivable | 41 | €170,462 | €148,662 | -€21,800 | -12.8% |
| Cash at bank and in hand | 54/58 | €162 | €6,645 | +€6,483 | +3,992% |
| Deferred charges and accrued income | 490/1 | €2,284 | €2,394 | +€110 | +4.8% |
| Total equity and liabilities | 10/49 | €471,482 | €1,041,959 | +€570,477 | +121% |
| Equity | 10/15 | €454,437 | €460,913 | +€6,476 | +1.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €386,266 | €392,742 | +€6,476 | +1.7% |
| Amounts payable | 17/49 | €17,045 | €581,046 | +€564,001 | +3,309% |
| Amounts payable after more than one year | 17 | - | €446,678 | +€446,678 | |
| Financial debts | 170/4 | - | €446,678 | +€446,678 | |
| Amounts payable within one year | 42/48 | €17,045 | €134,368 | +€117,323 | +688% |
| Current portion of amounts payable after more than one year | 42 | - | €46,136 | +€46,136 | |
| Trade debts | 44 | €171 | €12,464 | +€12,293 | +7,187% |
| Suppliers | 440/4 | €171 | €12,464 | +€12,293 | +7,187% |
| Taxes, remuneration and social security | 45 | €11,246 | €1,827 | -€9,419 | -83.8% |
| Taxes | 450/3 | €11,046 | €1,827 | -€9,219 | -83.5% |
| Remuneration and social security | 454/9 | €200 | - | -€200 | |
| Other amounts payable | 47/48 | €5,628 | €73,942 | +€68,314 | +1,214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,164 | €22,317 | +€2,153 | +10.7% |
| Other operating charges | 640/8 | €735 | €400 | -€335 | -45.6% |
| Gross operating margin | 9900 | €86,357 | €50,092 | -€36,266 | -42.0% |
| Operating profit (loss) | 9901 | €65,458 | €27,375 | -€38,083 | -58.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,536 | €19,073 | +€17,537 | +1,142% |
| Recurring financial charges | 65 | €1,536 | €19,073 | +€17,537 | +1,142% |
| Profit (loss) for the period before taxes | 9903 | €63,923 | €8,303 | -€55,620 | -87.0% |
| Income taxes | 67/77 | €14,290 | €1,827 | -€12,463 | -87.2% |
| Profit (loss) for the period | 9904 | €49,633 | €6,476 | -€43,157 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,633 | €6,476 | -€43,157 | -87.0% |
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 14 October 2026 via checked.be.