NHKL: what changed
NHKL
Largest movements
- Receivables within one year -€6,586
down €6,586 (-50.7%), from €12,991 to €6,405
of which Other amounts receivable: -€5,936
- Cash -€1,840
down €1,840 (-21.8%), from €8,443 to €6,603
mainly Trade debts (-€5,522) and Net result for the year (-€3,854)
- Trade debts -€5,522
down €5,522 (-34.8%), from €15,860 to €10,338
- Profit (loss) carried forward -€3,854
down €3,854 (-26.7%), from -€14,426 to -€18,280
- Accrued charges and deferred income +€965
up €965 (+41.2%), from €2,341 to €3,306
- Gross operating margin +€7,674
up €7,674 (+71.5%), from -€10,737 to -€3,063
- Depreciation -€2,593
no longer reported in 2025 (was €2,593)
- Other operating charges -€264
down €264 (-26.1%), from €1,012 to €749
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 | €26,817 | €18,406 | -€8,411 | -31.4% |
| Current assets | 29/58 | €26,817 | €18,406 | -€8,411 | -31.4% |
| Amounts receivable within one year | 40/41 | €12,991 | €6,405 | -€6,586 | -50.7% |
| Trade receivables | 40 | €6,674 | €6,024 | -€650 | -9.7% |
| Other amounts receivable | 41 | €6,317 | €381 | -€5,936 | -94.0% |
| Cash at bank and in hand | 54/58 | €8,443 | €6,603 | -€1,840 | -21.8% |
| Deferred charges and accrued income | 490/1 | €5,383 | €5,399 | +€16 | +0.3% |
| Total equity and liabilities | 10/49 | €26,817 | €18,406 | -€8,411 | -31.4% |
| Equity | 10/15 | -€6,482 | -€10,336 | -€3,854 | -59.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,944 | €2,944 | = | 0.0% |
| Distributable reserves | 133 | €2,944 | €2,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,426 | -€18,280 | -€3,854 | -26.7% |
| Amounts payable | 17/49 | €33,299 | €28,742 | -€4,557 | -13.7% |
| Amounts payable within one year | 42/48 | €30,958 | €25,436 | -€5,522 | -17.8% |
| Trade debts | 44 | €15,860 | €10,338 | -€5,522 | -34.8% |
| Suppliers | 440/4 | €15,860 | €10,338 | -€5,522 | -34.8% |
| Other amounts payable | 47/48 | €15,098 | €15,098 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,341 | €3,306 | +€965 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,593 | - | -€2,593 | |
| Other operating charges | 640/8 | €1,012 | €749 | -€264 | -26.1% |
| Gross operating margin | 9900 | -€10,737 | -€3,063 | +€7,674 | +71.5% |
| Operating profit (loss) | 9901 | -€14,342 | -€3,811 | +€10,531 | +73.4% |
| Financial charges | 65/66B | €84 | €42 | -€42 | -49.7% |
| Recurring financial charges | 65 | €84 | €42 | -€42 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,426 | -€3,854 | +€10,572 | +73.3% |
| Profit (loss) for the period | 9904 | -€14,426 | -€3,854 | +€10,572 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,426 | -€3,854 | +€10,572 | +73.3% |
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 1 November 2026 via checked.be.