NIKAL DECORS: 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.
What changed
NIKAL DECORS
NACE 43.350, Other building finishing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,064
2024 · €2,269-€205
Equity
€300,348
2024 · €298,285+€2,064
Cash
€10,511
2024 · €16,581-€6,070
Balance sheet total
€802,550
2024 · €787,949+€14,600
Largest movements
Assets
- Receivables within one year +€42,564
up €42,564 (+6.1%), from €701,215 to €743,779
of which Trade receivables: +€73,199
- Stocks and contracts -€13,820
down €13,820 (-42.6%), from €32,449 to €18,629
Equity and liabilities
- Trade debts +€68,132
up €68,132 (+22.3%), from €305,209 to €373,340
- Debts after one year -€41,000
down €41,000 (-35.6%), from €115,281 to €74,281
- Tax, wage and social debts -€28,419
down €28,419 (-66.2%), from €42,912 to €14,494
of which Taxes: -€28,951
- Short-term financial debts +€13,824
up €13,824 (+221%), from €6,263 to €20,087
Income statement
- Purchases and services +€160,366
up €160,366 (+19.0%), from €844,687 to €1.0m
- Turnover +€108,339
up €108,339 (+11.6%), from €932,510 to €1.0m
- Gross operating margin -€44,265
down €44,265 (-47.5%), from €93,124 to €48,859
- Other operating charges -€14,100
down €14,100 (-61.7%), from €22,838 to €8,737
- Staff costs -€12,635
no longer reported in 2025 (was €12,635)
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.
Result 2024
€2,269
Gross operating margin
-€44,265
Staff costs
+€12,635
Depreciation
-€5,606
Other operating charges
+€14,100
Other operating items
+€34,247
Financial income
-€2,587
Financial charges
+€1,467
Taxes
-€10,195
Result 2025
€2,064
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€28,788
Investment
-€7,682
Financing
-€27,176
Cash 2024
€16,581
From operations (derived)
+€28,788
Net result for the year
+€2,064
Depreciation
+€14,759
Stocks and contracts
+€13,820
Receivables within one year
-€42,564
Deferred charges and accrued income
+€997
Trade debts
+€68,132
Tax, wage and social debts
-€28,419
Investment (derived)
-€7,682
Investment in fixed assets (net)
-€7,785
Current investments
+€103
Financing
-€27,176
Debts after one year
-€41,000
Short-term financial debts
+€13,824
Cash 2025
€10,511
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €787,949 | €802,550 | +€14,600 | +1.9% |
| Fixed assets | 21/28 | €36,605 | €29,630 | -€6,974 | -19.1% |
| Tangible fixed assets | 22/27 | €27,505 | €20,530 | -€6,974 | -25.4% |
| Plant, machinery and equipment | 23 | €4,018 | €3,215 | -€804 | -20.0% |
| Furniture and vehicles | 24 | €10,089 | €10,709 | +€620 | +6.1% |
| Other tangible fixed assets | 26 | €13,397 | €6,607 | -€6,790 | -50.7% |
| Financial fixed assets | 28 | €9,100 | €9,100 | = | 0.0% |
| Current assets | 29/58 | €751,345 | €772,919 | +€21,575 | +2.9% |
| Stocks and contracts in progress | 3 | €32,449 | €18,629 | -€13,820 | -42.6% |
| Stocks | 30/36 | €32,449 | €18,629 | -€13,820 | -42.6% |
| Amounts receivable within one year | 40/41 | €701,215 | €743,779 | +€42,564 | +6.1% |
| Trade receivables | 40 | €670,580 | €743,779 | +€73,199 | +10.9% |
| Other amounts receivable | 41 | €30,634 | - | -€30,634 | |
| Current investments | 50/53 | €103 | - | -€103 | |
| Cash at bank and in hand | 54/58 | €16,581 | €10,511 | -€6,070 | -36.6% |
| Deferred charges and accrued income | 490/1 | €997 | - | -€997 | |
| Total equity and liabilities | 10/49 | €787,949 | €802,550 | +€14,600 | +1.9% |
| Equity | 10/15 | €298,285 | €300,348 | +€2,064 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,833 | €279,897 | +€2,064 | +0.7% |
| Amounts payable | 17/49 | €489,665 | €502,201 | +€12,537 | +2.6% |
| Amounts payable after more than one year | 17 | €115,281 | €74,281 | -€41,000 | -35.6% |
| Financial debts | 170/4 | €115,281 | €74,281 | -€41,000 | -35.6% |
| Amounts payable within one year | 42/48 | €374,384 | €427,921 | +€53,537 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €6,263 | €20,087 | +€13,824 | +221% |
| Credit institutions | 430/8 | €6,263 | €20,087 | +€13,824 | +221% |
| Trade debts | 44 | €305,209 | €373,340 | +€68,132 | +22.3% |
| Suppliers | 440/4 | €305,209 | €373,340 | +€68,132 | +22.3% |
| Taxes, remuneration and social security | 45 | €42,912 | €14,494 | -€28,419 | -66.2% |
| Taxes | 450/3 | €41,012 | €12,061 | -€28,951 | -70.6% |
| Remuneration and social security | 454/9 | €1,900 | €2,432 | +€532 | +28.0% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Turnover | 70 | €932,510 | €1,040,850 | +€108,339 | +11.6% |
| Non-recurring operating income | 76A | €5,301 | €11,269 | +€5,968 | +113% |
| Goods, raw materials, services and sundry goods | 60/61 | €844,687 | €1,005,054 | +€160,366 | +19.0% |
| Remuneration, social security and pensions | 62 | €12,635 | - | -€12,635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,153 | €14,759 | +€5,606 | +61.3% |
| Other operating charges | 640/8 | €22,838 | €8,737 | -€14,100 | -61.7% |
| Non-recurring operating charges | 66A | €45,138 | €10,891 | -€34,247 | -75.9% |
| Gross operating margin | 9900 | €93,124 | €48,859 | -€44,265 | -47.5% |
| Operating profit (loss) | 9901 | €3,361 | €14,472 | +€11,111 | +331% |
| Financial income | 75/76B | €6,498 | €3,911 | -€2,587 | -39.8% |
| Recurring financial income | 75 | €6,498 | €3,911 | -€2,587 | -39.8% |
| Financial charges | 65/66B | €5,699 | €4,232 | -€1,467 | -25.7% |
| Recurring financial charges | 65 | €5,699 | €4,232 | -€1,467 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €4,160 | €14,150 | +€9,990 | +240% |
| Income taxes | 67/77 | €1,891 | €12,087 | +€10,195 | +539% |
| Profit (loss) for the period | 9904 | €2,269 | €2,064 | -€205 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,269 | €2,064 | -€205 | -9.0% |
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 18 October 2026 via checked.be.