NCKiné: 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.
NCKiné
Largest movements
- Tangible fixed assets -€16,626
down €16,626 (-5.2%), from €319,489 to €302,863
of which Land and buildings: -€18,273
- Cash +€12,684
up €12,684 (+55.8%), from €22,723 to €35,408
mainly Depreciation (+€45,180) and Net result for the year (+€18,312)
- Formation expenses -€10,373
down €10,373 (-48.8%), from €21,258 to €10,885
- Receivables within one year +€5,067
up €5,067 (+935%), from €542 to €5,609
- Deferred charges and accrued income -€3,794
down €3,794 (-80.6%), from €4,705 to €911
- Debts after one year -€22,811
down €22,811 (-7.6%), from €300,567 to €277,757
- Profit (loss) carried forward +€4,352
up €4,352, from -€4,344 to €8
- Gross operating margin +€24,316
up €24,316 (+44.0%), from €55,318 to €79,635
- Taxes +€5,999
up €5,999 (+243%), from €2,464 to €8,463
- Depreciation -€2,257
down €2,257 (-4.8%), from €47,437 to €45,180
- Other operating charges -€1,618
down €1,618 (-39.9%), from €4,053 to €2,435
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 | €368,718 | €355,676 | -€13,042 | -3.5% |
| Formation expenses | 20 | €21,258 | €10,885 | -€10,373 | -48.8% |
| Fixed assets | 21/28 | €319,489 | €302,863 | -€16,626 | -5.2% |
| Tangible fixed assets | 22/27 | €319,489 | €302,863 | -€16,626 | -5.2% |
| Land and buildings | 22 | €290,404 | €272,131 | -€18,273 | -6.3% |
| Plant, machinery and equipment | 23 | €1,492 | - | -€1,492 | |
| Furniture and vehicles | 24 | €27,594 | €15,446 | -€12,148 | -44.0% |
| Other tangible fixed assets | 26 | - | €15,287 | +€15,287 | |
| Current assets | 29/58 | €27,970 | €41,928 | +€13,957 | +49.9% |
| Amounts receivable within one year | 40/41 | €542 | €5,609 | +€5,067 | +935% |
| Other amounts receivable | 41 | €542 | €5,609 | +€5,067 | +935% |
| Cash at bank and in hand | 54/58 | €22,723 | €35,408 | +€12,684 | +55.8% |
| Deferred charges and accrued income | 490/1 | €4,705 | €911 | -€3,794 | -80.6% |
| Total equity and liabilities | 10/49 | €368,718 | €355,676 | -€13,042 | -3.5% |
| Equity | 10/15 | €17,556 | €21,908 | +€4,352 | +24.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,900 | €16,900 | = | 0.0% |
| Distributable reserves | 133 | €16,900 | €16,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,344 | €8 | +€4,352 | |
| Amounts payable | 17/49 | €351,162 | €333,768 | -€17,394 | -5.0% |
| Amounts payable after more than one year | 17 | €300,567 | €277,757 | -€22,811 | -7.6% |
| Financial debts | 170/4 | €300,567 | €277,757 | -€22,811 | -7.6% |
| Amounts payable within one year | 42/48 | €50,594 | €56,011 | +€5,417 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €22,284 | €22,811 | +€527 | +2.4% |
| Trade debts | 44 | €74 | €358 | +€284 | +381% |
| Suppliers | 440/4 | €74 | €358 | +€284 | +381% |
| Taxes, remuneration and social security | 45 | €1,181 | €3,794 | +€2,613 | +221% |
| Taxes | 450/3 | €1,181 | €3,794 | +€2,613 | +221% |
| Other amounts payable | 47/48 | €27,055 | €29,049 | +€1,993 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,437 | €45,180 | -€2,257 | -4.8% |
| Other operating charges | 640/8 | €4,053 | €2,435 | -€1,618 | -39.9% |
| Gross operating margin | 9900 | €55,318 | €79,635 | +€24,316 | +44.0% |
| Operating profit (loss) | 9901 | €3,828 | €32,019 | +€28,191 | +736% |
| Financial income | 75/76B | €21 | €101 | +€80 | +384% |
| Recurring financial income | 75 | €21 | €101 | +€80 | +384% |
| Financial charges | 65/66B | €5,854 | €5,345 | -€509 | -8.7% |
| Recurring financial charges | 65 | €5,854 | €5,345 | -€509 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,005 | €26,775 | +€28,780 | |
| Income taxes | 67/77 | €2,464 | €8,463 | +€5,999 | +243% |
| Profit (loss) for the period | 9904 | -€4,470 | €18,312 | +€22,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,470 | €18,312 | +€22,781 |
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.