NiKaTo: what changed
Two fiscal 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.
NiKaTo
Largest movements
- Cash +€103,171
new in 2025: €103,171
mainly Net result for the year (+€160,203) and Current investments (+€34,985)
- Current investments -€34,985
down €34,985 (-6.1%), from €570,585 to €535,600
- Receivables within one year +€14,418
up €14,418 (+65.9%), from €21,871 to €36,289
- Tangible fixed assets -€12,600
down €12,600 (-15.2%), from €82,731 to €70,131
of which Land and buildings: -€12,600
- Reserves +€72,436
up €72,436 (+17.8%), from €407,892 to €480,328
of which Distributable reserves: +€72,436
- Debts after one year -€14,000
down €14,000 (-10.0%), from €140,001 to €126,001
- Other debts +€11,733
up €11,733 (+14.8%), from €79,431 to €91,164
- Financial income +€54,415
up €54,415 (+458.2%), from €11,876 to €66,291
- Financial charges +€4,674
up €4,674 (+88.1%), from €5,305 to €9,979
- Gross operating margin -€2,594
down €2,594 (-1.7%), from €152,249 to €149,655
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 | €675,187 | €745,502 | +€70,315 | +10.4% |
| Fixed assets | 21/28 | €82,731 | €70,131 | -€12,600 | -15.2% |
| Tangible fixed assets | 22/27 | €82,731 | €70,131 | -€12,600 | -15.2% |
| Land and buildings | 22 | €82,731 | €70,131 | -€12,600 | -15.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €592,456 | €675,371 | +€82,915 | +14.0% |
| Amounts receivable within one year | 40/41 | €21,871 | €36,289 | +€14,418 | +65.9% |
| Trade receivables | 40 | €21,871 | €36,289 | +€14,418 | +65.9% |
| Current investments | 50/53 | €570,585 | €535,600 | -€34,985 | -6.1% |
| Cash at bank and in hand | 54/58 | - | €103,171 | +€103,171 | |
| Deferred charges and accrued income | 490/1 | - | €311 | +€311 | |
| Total equity and liabilities | 10/49 | €675,187 | €745,502 | +€70,315 | +10.4% |
| Equity | 10/15 | €414,092 | €486,528 | +€72,436 | +17.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €407,892 | €480,328 | +€72,436 | +17.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,903 | €32,903 | = | 0.0% |
| Distributable reserves | 133 | €373,129 | €445,565 | +€72,436 | +19.4% |
| Amounts payable | 17/49 | €261,095 | €258,974 | -€2,121 | -0.8% |
| Amounts payable after more than one year | 17 | €140,001 | €126,001 | -€14,000 | -10.0% |
| Financial debts | 170/4 | €140,001 | €126,001 | -€14,000 | -10.0% |
| Amounts payable within one year | 42/48 | €121,094 | €132,662 | +€11,568 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €14,000 | = | 0.0% |
| Trade debts | 44 | €1,386 | €1,869 | +€483 | +34.8% |
| Suppliers | 440/4 | €1,386 | €1,869 | +€483 | +34.8% |
| Taxes, remuneration and social security | 45 | €26,277 | €25,629 | -€648 | -2.5% |
| Taxes | 450/3 | €26,277 | €25,629 | -€648 | -2.5% |
| Other amounts payable | 47/48 | €79,431 | €91,164 | +€11,733 | +14.8% |
| Accrued charges and deferred income | 492/3 | - | €311 | +€311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,221 | €12,600 | -€621 | -4.7% |
| Other operating charges | 640/8 | €2,043 | €2,158 | +€115 | +5.6% |
| Gross operating margin | 9900 | €152,249 | €149,655 | -€2,594 | -1.7% |
| Operating profit (loss) | 9901 | €136,985 | €134,897 | -€2,088 | -1.5% |
| Financial income | 75/76B | €11,876 | €66,291 | +€54,415 | +458.2% |
| Recurring financial income | 75 | €11,876 | €66,291 | +€54,415 | +458.2% |
| Financial charges | 65/66B | €5,305 | €9,979 | +€4,674 | +88.1% |
| Recurring financial charges | 65 | €5,305 | €9,979 | +€4,674 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €143,556 | €191,209 | +€47,653 | +33.2% |
| Income taxes | 67/77 | €29,658 | €31,006 | +€1,348 | +4.5% |
| Profit (loss) for the period | 9904 | €113,898 | €160,203 | +€46,305 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €113,898 | €160,203 | +€46,305 | +40.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.