NIKAN'S: 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'S
Largest movements
- Receivables within one year +€18,683
up €18,683 (+34.8%), from €53,661 to €72,344
of which Other amounts receivable: +€47,548
- Cash -€6,765
down €6,765 (-35.5%), from €19,078 to €12,313
mainly Trade debts (-€30,039) and Receivables within one year (-€18,683)
- Tangible fixed assets -€5,600
down €5,600 (-26.4%), from €21,234 to €15,634
- Deferred charges and accrued income -€3,167
no longer reported in 2025 (was €3,167)
- Profit (loss) carried forward +€35,545
up €35,545 (+200%), from €17,777 to €53,322
- Trade debts -€30,039
down €30,039 (-88.8%), from €33,821 to €3,782
- Debts after one year -€5,631
down €5,631 (-34.1%), from €16,534 to €10,903
- Tax, wage and social debts +€2,426
up €2,426 (+15.5%), from €15,617 to €18,043
of which Taxes: +€9,126
- Gross operating margin +€8,751
up €8,751 (+17.6%), from €49,800 to €58,551
- Other operating charges -€7,443
down €7,443 (-54.5%), from €13,646 to €6,203
- Taxes +€4,831
up €4,831 (+109%), from €4,436 to €9,267
- Staff costs -€4,429
down €4,429 (-60.6%), from €7,303 to €2,874
- Financial income +€2,455
new in 2025: €2,455
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 | €97,140 | €100,291 | +€3,151 | +3.2% |
| Fixed assets | 21/28 | €21,234 | €15,634 | -€5,600 | -26.4% |
| Tangible fixed assets | 22/27 | €21,234 | €15,634 | -€5,600 | -26.4% |
| Furniture and vehicles | 24 | €21,234 | €15,634 | -€5,600 | -26.4% |
| Current assets | 29/58 | €75,906 | €84,657 | +€8,751 | +11.5% |
| Amounts receivable within one year | 40/41 | €53,661 | €72,344 | +€18,683 | +34.8% |
| Trade receivables | 40 | €52,794 | €23,929 | -€28,865 | -54.7% |
| Other amounts receivable | 41 | €867 | €48,415 | +€47,548 | +5,484% |
| Cash at bank and in hand | 54/58 | €19,078 | €12,313 | -€6,765 | -35.5% |
| Deferred charges and accrued income | 490/1 | €3,167 | - | -€3,167 | |
| Total equity and liabilities | 10/49 | €97,140 | €100,291 | +€3,151 | +3.2% |
| Equity | 10/15 | €25,777 | €61,322 | +€35,545 | +138% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Capital | 10 | €8,000 | €8,000 | = | 0.0% |
| Issued capital | 100 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,777 | €53,322 | +€35,545 | +200% |
| Amounts payable | 17/49 | €71,363 | €38,969 | -€32,394 | -45.4% |
| Amounts payable after more than one year | 17 | €16,534 | €10,903 | -€5,631 | -34.1% |
| Financial debts | 170/4 | €16,534 | €10,903 | -€5,631 | -34.1% |
| Amounts payable within one year | 42/48 | €54,829 | €28,066 | -€26,763 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €5,391 | €6,241 | +€850 | +15.8% |
| Trade debts | 44 | €33,821 | €3,782 | -€30,039 | -88.8% |
| Suppliers | 440/4 | €33,821 | €3,782 | -€30,039 | -88.8% |
| Taxes, remuneration and social security | 45 | €15,617 | €18,043 | +€2,426 | +15.5% |
| Taxes | 450/3 | €6,899 | €16,025 | +€9,126 | +132% |
| Remuneration and social security | 454/9 | €8,718 | €2,018 | -€6,700 | -76.9% |
| Remuneration, social security and pensions | 62 | €7,303 | €2,874 | -€4,429 | -60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,600 | €5,600 | = | 0.0% |
| Other operating charges | 640/8 | €13,646 | €6,203 | -€7,443 | -54.5% |
| Gross operating margin | 9900 | €49,800 | €58,551 | +€8,751 | +17.6% |
| Operating profit (loss) | 9901 | €23,251 | €43,874 | +€20,623 | +88.7% |
| Financial income | 75/76B | - | €2,455 | +€2,455 | |
| Recurring financial income | 75 | - | €2,455 | +€2,455 | |
| Financial charges | 65/66B | €1,195 | €1,517 | +€322 | +26.9% |
| Recurring financial charges | 65 | €1,195 | €1,517 | +€322 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €22,056 | €44,812 | +€22,756 | +103% |
| Income taxes | 67/77 | €4,436 | €9,267 | +€4,831 | +109% |
| Profit (loss) for the period | 9904 | €17,620 | €35,545 | +€17,925 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €17,620 | €35,545 | +€17,925 | +102% |
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 14 October 2026 via checked.be.