N.L.K.: 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.L.K.
Largest movements
- Receivables within one year +€7,937
up €7,937 (+43.3%), from €18,339 to €26,276
of which Other amounts receivable: +€14,116
- Tangible fixed assets -€7,294
down €7,294 (-33.1%), from €22,065 to €14,771
of which Furniture and vehicles: -€8,240
- Deferred charges and accrued income +€875
new in 2025: €875
- Trade debts -€2,622
down €2,622 (-36.0%), from €7,280 to €4,658
- Profit (loss) carried forward +€2,504
up €2,504 (+17.1%), from €14,676 to €17,180
- Tax, wage and social debts +€1,635
new in 2025: €1,635
- Gross operating margin -€9,785
down €9,785 (-34.1%), from €28,700 to €18,915
- Staff costs +€3,836
new in 2025: €3,836
- Financial charges +€1,748
up €1,748 (+71.5%), from €2,444 to €4,192
- Taxes -€1,300
no longer reported in 2025 (was €1,300)
- Financial income +€427
up €427 (+184%), from €232 to €659
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 | €40,556 | €42,073 | +€1,517 | +3.7% |
| Fixed assets | 21/28 | €22,215 | €14,921 | -€7,294 | -32.8% |
| Tangible fixed assets | 22/27 | €22,065 | €14,771 | -€7,294 | -33.1% |
| Plant, machinery and equipment | 23 | €1,182 | €2,128 | +€946 | +80.0% |
| Furniture and vehicles | 24 | €20,883 | €12,643 | -€8,240 | -39.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €18,341 | €27,152 | +€8,811 | +48.0% |
| Amounts receivable within one year | 40/41 | €18,339 | €26,276 | +€7,937 | +43.3% |
| Trade receivables | 40 | €8,417 | €2,238 | -€6,179 | -73.4% |
| Other amounts receivable | 41 | €9,922 | €24,038 | +€14,116 | +142% |
| Cash at bank and in hand | 54/58 | €2 | €1 | -€1 | -50.0% |
| Deferred charges and accrued income | 490/1 | - | €875 | +€875 | |
| Total equity and liabilities | 10/49 | €40,556 | €42,073 | +€1,517 | +3.7% |
| Equity | 10/15 | €33,276 | €35,780 | +€2,504 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,676 | €17,180 | +€2,504 | +17.1% |
| Amounts payable | 17/49 | €7,280 | €6,293 | -€987 | -13.6% |
| Amounts payable within one year | 42/48 | €7,280 | €6,293 | -€987 | -13.6% |
| Trade debts | 44 | €7,280 | €4,658 | -€2,622 | -36.0% |
| Suppliers | 440/4 | €7,280 | €4,658 | -€2,622 | -36.0% |
| Taxes, remuneration and social security | 45 | - | €1,635 | +€1,635 | |
| Remuneration and social security | 454/9 | - | €1,635 | +€1,635 | |
| Remuneration, social security and pensions | 62 | - | €3,836 | +€3,836 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,875 | €9,009 | +€134 | +1.5% |
| Other operating charges | 640/8 | - | €33 | +€33 | |
| Gross operating margin | 9900 | €28,700 | €18,915 | -€9,785 | -34.1% |
| Operating profit (loss) | 9901 | €19,825 | €6,037 | -€13,788 | -69.5% |
| Financial income | 75/76B | €232 | €659 | +€427 | +184% |
| Recurring financial income | 75 | €232 | €659 | +€427 | +184% |
| Financial charges | 65/66B | €2,444 | €4,192 | +€1,748 | +71.5% |
| Recurring financial charges | 65 | €2,444 | €4,192 | +€1,748 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €17,613 | €2,504 | -€15,109 | -85.8% |
| Income taxes | 67/77 | €1,300 | - | -€1,300 | |
| Profit (loss) for the period | 9904 | €16,313 | €2,504 | -€13,809 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,313 | €2,504 | -€13,809 | -84.7% |
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 31 October 2026 via checked.be.