NIKA: what changed
Two fiscal 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.
NIKA
Largest movements
- Tangible fixed assets +€44,919
up €44,919 (+20.0%), from €224,893 to €269,812
of which Plant, machinery and equipment: +€58,046
- Receivables within one year -€39,523
down €39,523 (-99.4%), from €39,760 to €237
of which Other amounts receivable: -€39,212
- Cash +€27,983
up €27,983 (+389.9%), from €7,176 to €35,159
mainly Net result for the year (+€64,210) and Depreciation (+€44,691)
- Intangible fixed assets -€15,200
down €15,200 (-63.4%), from €23,987 to €8,787
- Profit (loss) carried forward -€44,976
no longer reported in 2025 (was €44,976)
- Debts after one year +€30,141
up €30,141 (+20.8%), from €145,053 to €175,194
- Tax, wage and social debts +€16,883
up €16,883 (+1281.8%), from €1,317 to €18,200
of which Taxes: +€18,159
- Other debts +€9,078
new in 2025: €9,078
- Current portion of long-term debt +€6,148
up €6,148 (+21.4%), from €28,759 to €34,907
- Gross operating margin +€44,870
up €44,870 (+36.8%), from €121,827 to €166,697
- Taxes +€5,993
up €5,993 (+36.3%), from €16,512 to €22,505
- Financial charges +€3,495
up €3,495 (+33.8%), from €10,326 to €13,821
- Staff costs +€3,332
up €3,332 (+59.9%), from €5,559 to €8,891
- Other operating charges +€2,319
up €2,319 (+142.9%), from €1,623 to €3,942
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.
Cash bridge derived
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 | €310,375 | €327,895 | +€17,520 | +5.6% |
| Fixed assets | 21/28 | €248,880 | €278,598 | +€29,719 | +11.9% |
| Intangible fixed assets | 21 | €23,987 | €8,787 | -€15,200 | -63.4% |
| Tangible fixed assets | 22/27 | €224,893 | €269,812 | +€44,919 | +20.0% |
| Land and buildings | 22 | €109,411 | €103,334 | -€6,077 | -5.6% |
| Plant, machinery and equipment | 23 | €74,136 | €132,181 | +€58,046 | +78.3% |
| Furniture and vehicles | 24 | €8,455 | €6,406 | -€2,050 | -24.2% |
| Other tangible fixed assets | 26 | €32,890 | €27,890 | -€5,000 | -15.2% |
| Current assets | 29/58 | €61,495 | €49,297 | -€12,199 | -19.8% |
| Stocks and contracts in progress | 3 | €13,736 | €11,880 | -€1,857 | -13.5% |
| Stocks | 30/36 | €13,736 | €11,880 | -€1,857 | -13.5% |
| Amounts receivable within one year | 40/41 | €39,760 | €237 | -€39,523 | -99.4% |
| Trade receivables | 40 | €311 | - | -€311 | |
| Other amounts receivable | 41 | €39,449 | €237 | -€39,212 | -99.4% |
| Cash at bank and in hand | 54/58 | €7,176 | €35,159 | +€27,983 | +389.9% |
| Deferred charges and accrued income | 490/1 | €823 | €2,021 | +€1,198 | +145.6% |
| Total equity and liabilities | 10/49 | €310,375 | €327,895 | +€17,520 | +5.6% |
| Equity | 10/15 | €126,293 | €81,317 | -€44,976 | -35.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €78,317 | €78,317 | = | 0.0% |
| Distributable reserves | 133 | €78,317 | €78,317 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,976 | - | -€44,976 | |
| Amounts payable | 17/49 | €184,082 | €246,578 | +€62,496 | +34.0% |
| Amounts payable after more than one year | 17 | €145,053 | €175,194 | +€30,141 | +20.8% |
| Financial debts | 170/4 | €145,053 | €175,194 | +€30,141 | +20.8% |
| Amounts payable within one year | 42/48 | €37,444 | €68,062 | +€30,618 | +81.8% |
| Current portion of amounts payable after more than one year | 42 | €28,759 | €34,907 | +€6,148 | +21.4% |
| Trade debts | 44 | €7,368 | €5,876 | -€1,492 | -20.2% |
| Suppliers | 440/4 | €7,368 | €5,876 | -€1,492 | -20.2% |
| Taxes, remuneration and social security | 45 | €1,317 | €18,200 | +€16,883 | +1281.8% |
| Taxes | 450/3 | €41 | €18,200 | +€18,159 | +43915.1% |
| Remuneration and social security | 454/9 | €1,276 | - | -€1,276 | |
| Other amounts payable | 47/48 | - | €9,078 | +€9,078 | |
| Accrued charges and deferred income | 492/3 | €1,586 | €3,322 | +€1,737 | +109.5% |
| Remuneration, social security and pensions | 62 | €5,559 | €8,891 | +€3,332 | +59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,837 | €44,691 | +€1,854 | +4.3% |
| Other operating charges | 640/8 | €1,623 | €3,942 | +€2,319 | +142.9% |
| Non-recurring operating charges | 66A | - | €8,653 | +€8,653 | |
| Gross operating margin | 9900 | €121,827 | €166,697 | +€44,870 | +36.8% |
| Operating profit (loss) | 9901 | €71,808 | €100,520 | +€28,712 | +40.0% |
| Financial income | 75/76B | €5 | €16 | +€11 | +199.6% |
| Recurring financial income | 75 | €5 | €16 | +€11 | +199.6% |
| Financial charges | 65/66B | €10,326 | €13,821 | +€3,495 | +33.8% |
| Recurring financial charges | 65 | €10,326 | €13,821 | +€3,495 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €61,487 | €86,715 | +€25,228 | +41.0% |
| Income taxes | 67/77 | €16,512 | €22,505 | +€5,993 | +36.3% |
| Profit (loss) for the period | 9904 | €44,976 | €64,210 | +€19,234 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,976 | €64,210 | +€19,234 | +42.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.