Nikavier: 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.
Nikavier
Largest movements
- Intangible fixed assets -€63,000
down €63,000 (-51.6%), from €122,203 to €59,203
- Current investments -€29,771
down €29,771 (-37.1%), from €80,299 to €50,529
- Stocks and contracts +€23,114
up €23,114 (+78.2%), from €29,564 to €52,678
- Tangible fixed assets -€22,020
down €22,020 (-18.3%), from €120,629 to €98,609
of which Furniture and vehicles: -€12,230
- Cash +€13,066
up €13,066 (+15.6%), from €83,854 to €96,920
mainly Depreciation (+€86,723) and Current investments (+€29,771)
- Current portion of long-term debt -€47,562
down €47,562 (-64.7%), from €73,542 to €25,980
- Debts after one year -€25,980
down €25,980 (-18.7%), from €139,035 to €113,055
- Tax, wage and social debts -€12,423
down €12,423 (-27.2%), from €45,676 to €33,253
of which Taxes: -€23,922
- Trade debts +€8,686
up €8,686 (+21.5%), from €40,334 to €49,020
- Profit (loss) carried forward +€6,474
up €6,474 (+8.6%), from €75,590 to €82,064
- Gross operating margin -€112,388
down €112,388 (-15.2%), from €739,034 to €626,646
- Taxes -€25,643
down €25,643 (-86.6%), from €29,624 to €3,980
- Staff costs -€19,749
down €19,749 (-3.7%), from €539,809 to €520,060
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 | €622,045 | €553,924 | -€68,121 | -11.0% |
| Fixed assets | 21/28 | €242,832 | €157,812 | -€85,020 | -35.0% |
| Intangible fixed assets | 21 | €122,203 | €59,203 | -€63,000 | -51.6% |
| Tangible fixed assets | 22/27 | €120,629 | €98,609 | -€22,020 | -18.3% |
| Land and buildings | 22 | €20,710 | €20,022 | -€688 | -3.3% |
| Plant, machinery and equipment | 23 | €51,985 | €42,884 | -€9,101 | -17.5% |
| Furniture and vehicles | 24 | €47,934 | €35,704 | -€12,230 | -25.5% |
| Current assets | 29/58 | €379,213 | €396,112 | +€16,899 | +4.5% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Trade receivables | 290 | €175,000 | €175,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €29,564 | €52,678 | +€23,114 | +78.2% |
| Stocks | 30/36 | €29,564 | €52,678 | +€23,114 | +78.2% |
| Amounts receivable within one year | 40/41 | €10,496 | €20,986 | +€10,490 | +99.9% |
| Trade receivables | 40 | €4,376 | €3,773 | -€603 | -13.8% |
| Other amounts receivable | 41 | €6,120 | €17,213 | +€11,093 | +181.2% |
| Current investments | 50/53 | €80,299 | €50,529 | -€29,771 | -37.1% |
| Cash at bank and in hand | 54/58 | €83,854 | €96,920 | +€13,066 | +15.6% |
| Total equity and liabilities | 10/49 | €622,045 | €553,924 | -€68,121 | -11.0% |
| Equity | 10/15 | €207,092 | €213,566 | +€6,474 | +3.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €111,502 | €111,502 | = | 0.0% |
| Distributable reserves | 133 | €111,502 | €111,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,590 | €82,064 | +€6,474 | +8.6% |
| Amounts payable | 17/49 | €414,953 | €340,358 | -€74,595 | -18.0% |
| Amounts payable after more than one year | 17 | €139,035 | €113,055 | -€25,980 | -18.7% |
| Financial debts | 170/4 | €139,035 | €113,055 | -€25,980 | -18.7% |
| Amounts payable within one year | 42/48 | €275,918 | €227,304 | -€48,615 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €73,542 | €25,980 | -€47,562 | -64.7% |
| Trade debts | 44 | €40,334 | €49,020 | +€8,686 | +21.5% |
| Suppliers | 440/4 | €40,334 | €49,020 | +€8,686 | +21.5% |
| Taxes, remuneration and social security | 45 | €45,676 | €33,253 | -€12,423 | -27.2% |
| Taxes | 450/3 | €43,116 | €19,194 | -€23,922 | -55.5% |
| Remuneration and social security | 454/9 | €2,560 | €14,060 | +€11,499 | +449.1% |
| Other amounts payable | 47/48 | €116,367 | €119,050 | +€2,684 | +2.3% |
| Remuneration, social security and pensions | 62 | €539,809 | €520,060 | -€19,749 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,954 | €86,723 | +€5,769 | +7.1% |
| Other operating charges | 640/8 | €5,164 | €1,750 | -€3,414 | -66.1% |
| Gross operating margin | 9900 | €739,034 | €626,646 | -€112,388 | -15.2% |
| Operating profit (loss) | 9901 | €113,107 | €18,113 | -€94,994 | -84.0% |
| Financial income | 75/76B | €1,301 | €94 | -€1,207 | -92.8% |
| Recurring financial income | 75 | €1,301 | €94 | -€1,207 | -92.8% |
| Financial charges | 65/66B | €9,194 | €7,752 | -€1,442 | -15.7% |
| Recurring financial charges | 65 | €9,194 | €7,752 | -€1,442 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €105,214 | €10,454 | -€94,759 | -90.1% |
| Income taxes | 67/77 | €29,624 | €3,980 | -€25,643 | -86.6% |
| Profit (loss) for the period | 9904 | €75,590 | €6,474 | -€69,116 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,590 | €6,474 | -€69,116 | -91.4% |
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 30 September 2026 via checked.be.