NIKAN: 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.
NIKAN
Largest movements
- Receivables within one year -€13,065
down €13,065 (-17.7%), from €73,695 to €60,630
of which Trade receivables: -€12,499
- Tangible fixed assets -€6,997
down €6,997 (-14.1%), from €49,703 to €42,706
of which Plant, machinery and equipment: -€5,721
- Intangible fixed assets -€3,750
down €3,750 (-20.7%), from €18,125 to €14,375
- Cash +€2,905
up €2,905 (+8.2%), from €35,443 to €38,348
mainly Net result for the year (+€20,877) and Depreciation (+€14,903)
- Reserves +€16,591
up €16,591 (+18.4%), from €90,196 to €106,787
- Tax, wage and social debts -€14,892
down €14,892 (-47.1%), from €31,646 to €16,754
of which Taxes: -€14,092
- Debts after one year -€10,576
down €10,576 (-73.6%), from €14,361 to €3,786
- Current portion of long-term debt -€7,832
down €7,832 (-42.5%), from €18,408 to €10,576
- Trade debts -€6,313
down €6,313 (-25.0%), from €25,243 to €18,931
- Gross operating margin -€24,451
down €24,451 (-30.6%), from €79,932 to €55,481
- Taxes -€12,319
down €12,319 (-54.6%), from €22,551 to €10,232
- Financial income -€2,108
down €2,108 (-40.5%), from €5,207 to €3,099
- Depreciation +€993
up €993 (+7.1%), from €13,910 to €14,903
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 | €182,141 | €159,686 | -€22,455 | -12.3% |
| Fixed assets | 21/28 | €67,828 | €57,081 | -€10,747 | -15.8% |
| Intangible fixed assets | 21 | €18,125 | €14,375 | -€3,750 | -20.7% |
| Tangible fixed assets | 22/27 | €49,703 | €42,706 | -€6,997 | -14.1% |
| Plant, machinery and equipment | 23 | €42,770 | €37,049 | -€5,721 | -13.4% |
| Furniture and vehicles | 24 | €4,833 | €3,557 | -€1,276 | -26.4% |
| Other tangible fixed assets | 26 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €114,313 | €102,605 | -€11,708 | -10.2% |
| Amounts receivable within one year | 40/41 | €73,695 | €60,630 | -€13,065 | -17.7% |
| Trade receivables | 40 | €12,842 | €343 | -€12,499 | -97.3% |
| Other amounts receivable | 41 | €60,853 | €60,287 | -€566 | -0.9% |
| Cash at bank and in hand | 54/58 | €35,443 | €38,348 | +€2,905 | +8.2% |
| Deferred charges and accrued income | 490/1 | €5,175 | €3,627 | -€1,548 | -29.9% |
| Total equity and liabilities | 10/49 | €182,141 | €159,686 | -€22,455 | -12.3% |
| Equity | 10/15 | €90,696 | €107,287 | +€16,591 | +18.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €90,196 | €106,787 | +€16,591 | +18.4% |
| Distributable reserves | 133 | €90,196 | €106,787 | +€16,591 | +18.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,445 | €52,398 | -€39,047 | -42.7% |
| Amounts payable after more than one year | 17 | €14,361 | €3,786 | -€10,576 | -73.6% |
| Financial debts | 170/4 | €14,361 | €3,786 | -€10,576 | -73.6% |
| Amounts payable within one year | 42/48 | €77,084 | €48,612 | -€28,471 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €18,408 | €10,576 | -€7,832 | -42.5% |
| Financial debts | 43 | €1,767 | €2,353 | +€586 | +33.1% |
| Credit institutions | 430/8 | €1,767 | €2,353 | +€586 | +33.1% |
| Trade debts | 44 | €25,243 | €18,931 | -€6,313 | -25.0% |
| Suppliers | 440/4 | €25,243 | €18,931 | -€6,313 | -25.0% |
| Advances received on contracts in progress | 46 | €20 | €0 | -€20 | -100.0% |
| Taxes, remuneration and social security | 45 | €31,646 | €16,754 | -€14,892 | -47.1% |
| Taxes | 450/3 | €29,846 | €15,754 | -€14,092 | -47.2% |
| Remuneration and social security | 454/9 | €1,800 | €1,000 | -€800 | -44.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €231 | €0 | -€231 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,910 | €14,903 | +€993 | +7.1% |
| Other operating charges | 640/8 | €1,158 | €465 | -€693 | -59.8% |
| Non-recurring operating charges | 66A | - | €10,896 | +€10,896 | |
| Gross operating margin | 9900 | €79,932 | €55,481 | -€24,451 | -30.6% |
| Operating profit (loss) | 9901 | €64,632 | €29,216 | -€35,416 | -54.8% |
| Financial income | 75/76B | €5,207 | €3,099 | -€2,108 | -40.5% |
| Recurring financial income | 75 | €5,207 | €3,099 | -€2,108 | -40.5% |
| Financial charges | 65/66B | €1,825 | €1,207 | -€618 | -33.9% |
| Recurring financial charges | 65 | €1,825 | €1,207 | -€618 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €68,015 | €31,109 | -€36,906 | -54.3% |
| Income taxes | 67/77 | €22,551 | €10,232 | -€12,319 | -54.6% |
| Profit (loss) for the period | 9904 | €45,464 | €20,877 | -€24,587 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,464 | €20,877 | -€24,587 | -54.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.