Nikao.co: 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.
Nikao.co
Largest movements
- Cash +€38,916
up €38,916 (+30.3%), from €128,380 to €167,296
mainly Net result for the year (+€83,343) and Depreciation (+€4,477)
- Receivables within one year +€14,459
up €14,459 (+36.2%), from €39,985 to €54,444
of which Other amounts receivable: +€11,621
- Receivables after one year +€6,220
up €6,220 (+4.7%), from €132,577 to €138,797
of which Trade receivables: +€138,797
- Profit (loss) carried forward +€83,343
up €83,343 (+49.9%), from €167,050 to €250,393
- Trade debts -€16,511
down €16,511 (-82.1%), from €20,104 to €3,593
- Debts after one year -€5,440
down €5,440 (-9.1%), from €59,456 to €54,016
- Advances received -€4,298
down €4,298 (-19.1%), from €22,448 to €18,150
- Gross operating margin +€13,947
up €13,947 (+13.1%), from €106,407 to €120,354
- Financial income -€7,249
down €7,249 (-92.8%), from €7,812 to €563
- Taxes +€1,588
up €1,588 (+7.1%), from €22,461 to €24,049
- Depreciation +€1,566
up €1,566 (+53.8%), from €2,911 to €4,477
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 | €327,884 | €383,766 | +€55,882 | +17.0% |
| Fixed assets | 21/28 | €24,325 | €21,488 | -€2,837 | -11.7% |
| Tangible fixed assets | 22/27 | €24,325 | €21,488 | -€2,837 | -11.7% |
| Plant, machinery and equipment | 23 | €1,024 | €200 | -€824 | -80.5% |
| Furniture and vehicles | 24 | €7,218 | €6,859 | -€359 | -5.0% |
| Other tangible fixed assets | 26 | €16,083 | €14,429 | -€1,654 | -10.3% |
| Current assets | 29/58 | €303,559 | €362,278 | +€58,719 | +19.3% |
| Amounts receivable after more than one year | 29 | €132,577 | €138,797 | +€6,220 | +4.7% |
| Trade receivables | 290 | - | €138,797 | +€138,797 | |
| Other amounts receivable | 291 | €132,577 | - | -€132,577 | |
| Amounts receivable within one year | 40/41 | €39,985 | €54,444 | +€14,459 | +36.2% |
| Trade receivables | 40 | €39,985 | €42,823 | +€2,838 | +7.1% |
| Other amounts receivable | 41 | - | €11,621 | +€11,621 | |
| Cash at bank and in hand | 54/58 | €128,380 | €167,296 | +€38,916 | +30.3% |
| Deferred charges and accrued income | 490/1 | €2,617 | €1,741 | -€876 | -33.5% |
| Total equity and liabilities | 10/49 | €327,884 | €383,766 | +€55,882 | +17.0% |
| Equity | 10/15 | €172,050 | €255,393 | +€83,343 | +48.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,050 | €250,393 | +€83,343 | +49.9% |
| Amounts payable | 17/49 | €155,834 | €128,373 | -€27,461 | -17.6% |
| Amounts payable after more than one year | 17 | €59,456 | €54,016 | -€5,440 | -9.1% |
| Financial debts | 170/4 | €59,456 | €54,016 | -€5,440 | -9.1% |
| Amounts payable within one year | 42/48 | €96,378 | €74,357 | -€22,021 | -22.8% |
| Trade debts | 44 | €20,104 | €3,593 | -€16,511 | -82.1% |
| Suppliers | 440/4 | €20,104 | €3,593 | -€16,511 | -82.1% |
| Advances received on contracts in progress | 46 | €22,448 | €18,150 | -€4,298 | -19.1% |
| Taxes, remuneration and social security | 45 | €53,826 | €52,614 | -€1,212 | -2.3% |
| Taxes | 450/3 | €53,824 | €52,614 | -€1,210 | -2.2% |
| Remuneration and social security | 454/9 | €2 | - | -€2 | |
| Remuneration, social security and pensions | 62 | €4,109 | €4,241 | +€132 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,911 | €4,477 | +€1,566 | +53.8% |
| Other operating charges | 640/8 | €127 | €127 | = | 0.0% |
| Gross operating margin | 9900 | €106,407 | €120,354 | +€13,947 | +13.1% |
| Operating profit (loss) | 9901 | €99,260 | €111,509 | +€12,249 | +12.3% |
| Financial income | 75/76B | €7,812 | €563 | -€7,249 | -92.8% |
| Recurring financial income | 75 | €7,812 | €563 | -€7,249 | -92.8% |
| Financial charges | 65/66B | €3,752 | €4,680 | +€928 | +24.7% |
| Recurring financial charges | 65 | €3,752 | €4,680 | +€928 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €103,320 | €107,392 | +€4,072 | +3.9% |
| Income taxes | 67/77 | €22,461 | €24,049 | +€1,588 | +7.1% |
| Profit (loss) for the period | 9904 | €80,859 | €83,343 | +€2,484 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,859 | €83,343 | +€2,484 | +3.1% |
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 31 October 2026 via checked.be.