NIKAFIN: 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.
NIKAFIN
Largest movements
- Receivables after one year -€448,500
down €448,500 (-79.7%), from €562,500 to €114,000
- Receivables within one year -€378,718
down €378,718 (-85.9%), from €440,662 to €61,944
- Cash -€88,755
down €88,755 (-56.1%), from €158,181 to €69,426
mainly Net result for the year (-€820,729) and Contributions, distributions and other (-€100,000)
- Profit (loss) carried forward -€820,729
down €820,729 (-711%), from -€115,450 to -€936,179
- Reserves -€100,000
down €100,000 (-8.0%), from €1.3m to €1.2m
of which Distributable reserves: -€100,000
- Gross operating margin +€88,591
up €88,591 (+79.8%), from -€111,055 to -€22,464
- Financial charges -€3,253
down €3,253 (-96.4%), from €3,373 to €120
of which Financial charges: -€3,253
- Other operating charges +€1,693
up €1,693 (+166%), from €1,022 to €2,715
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 | €1,161,343 | €245,370 | -€915,973 | -78.9% |
| Current assets | 29/58 | €1,161,343 | €245,370 | -€915,973 | -78.9% |
| Amounts receivable after more than one year | 29 | €562,500 | €114,000 | -€448,500 | -79.7% |
| Other amounts receivable | 291 | €562,500 | €114,000 | -€448,500 | -79.7% |
| Amounts receivable within one year | 40/41 | €440,662 | €61,944 | -€378,718 | -85.9% |
| Other amounts receivable | 41 | €440,662 | €61,944 | -€378,718 | -85.9% |
| Cash at bank and in hand | 54/58 | €158,181 | €69,426 | -€88,755 | -56.1% |
| Total equity and liabilities | 10/49 | €1,161,343 | €245,370 | -€915,973 | -78.9% |
| Equity | 10/15 | €1,160,597 | €239,867 | -€920,729 | -79.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,257,447 | €1,157,447 | -€100,000 | -8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,255,587 | €1,155,587 | -€100,000 | -8.0% |
| Profit (loss) carried forward | 14 | -€115,450 | -€936,179 | -€820,729 | -711% |
| Amounts payable | 17/49 | €747 | €5,503 | +€4,756 | +637% |
| Amounts payable within one year | 42/48 | €747 | €5,503 | +€4,756 | +637% |
| Trade debts | 44 | €599 | €3,183 | +€2,584 | +431% |
| Suppliers | 440/4 | €599 | €3,183 | +€2,584 | +431% |
| Taxes, remuneration and social security | 45 | €148 | - | -€148 | |
| Taxes | 450/3 | €148 | - | -€148 | |
| Other amounts payable | 47/48 | - | €2,320 | +€2,320 | |
| Other operating charges | 640/8 | €1,022 | €2,715 | +€1,693 | +166% |
| Non-recurring operating charges | 66A | - | €795,000 | +€795,000 | |
| Gross operating margin | 9900 | -€111,055 | -€22,464 | +€88,591 | +79.8% |
| Operating profit (loss) | 9901 | -€112,077 | -€820,179 | -€708,102 | -632% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,373 | €120 | -€3,253 | -96.4% |
| Recurring financial charges | 65 | €3,373 | €120 | -€3,253 | -96.4% |
| Non-recurring financial charges | 66B | - | €120 | +€120 | |
| Profit (loss) for the period before taxes | 9903 | -€115,450 | -€820,299 | -€704,849 | -611% |
| Income taxes | 67/77 | - | €431 | +€431 | |
| Profit (loss) for the period | 9904 | -€115,450 | -€820,729 | -€705,279 | -611% |
| Profit (loss) for the period to be appropriated | 9905 | -€115,450 | -€820,729 | -€705,279 | -611% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.