Nikè: 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.
Nikè
Largest movements
- Tangible fixed assets +€913,071
up €913,071 (+15.8%), from €5.8m to €6.7m
of which Land and buildings: +€841,693
- Receivables within one year -€192,220
down €192,220 (-74.5%), from €257,986 to €65,766
of which Trade receivables: -€192,277
- Cash +€149,374
up €149,374 (+103%), from €145,147 to €294,521
mainly Debts after one year (+€556,143) and Depreciation (+€351,010)
- Debts after one year +€556,143
up €556,143 (+28.2%), from €2.0m to €2.5m
of which Other amounts payable: +€647,849
- Other debts +€285,554
up €285,554 (+199%), from €143,321 to €428,875
- Reserves +€113,591
up €113,591 (+209%), from €54,409 to €168,000
- Trade debts -€94,556
down €94,556 (-64.9%), from €145,754 to €51,198
- Depreciation +€92,821
up €92,821 (+36.0%), from €258,189 to €351,010
- Gross operating margin +€71,572
up €71,572 (+15.3%), from €466,994 to €538,566
- Other operating charges +€24,071
up €24,071 (+546%), from €4,406 to €28,477
- Financial charges -€19,304
down €19,304 (-14.7%), from €131,438 to €112,134
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 | €6,535,612 | €7,442,015 | +€906,403 | +13.9% |
| Fixed assets | 21/28 | €5,765,485 | €6,678,557 | +€913,071 | +15.8% |
| Tangible fixed assets | 22/27 | €5,765,372 | €6,678,443 | +€913,071 | +15.8% |
| Land and buildings | 22 | €5,085,834 | €5,927,528 | +€841,693 | +16.5% |
| Plant, machinery and equipment | 23 | €1,136 | €44,556 | +€43,420 | +3,821% |
| Furniture and vehicles | 24 | €8,939 | €38,595 | +€29,657 | +332% |
| Other tangible fixed assets | 26 | €669,462 | €667,763 | -€1,699 | -0.3% |
| Financial fixed assets | 28 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €770,127 | €763,458 | -€6,669 | -0.9% |
| Stocks and contracts in progress | 3 | €366,919 | €401,140 | +€34,221 | +9.3% |
| Stocks | 30/36 | €366,919 | €401,140 | +€34,221 | +9.3% |
| Amounts receivable within one year | 40/41 | €257,986 | €65,766 | -€192,220 | -74.5% |
| Trade receivables | 40 | €257,110 | €64,833 | -€192,277 | -74.8% |
| Other amounts receivable | 41 | €876 | €932 | +€56 | +6.4% |
| Cash at bank and in hand | 54/58 | €145,147 | €294,521 | +€149,374 | +103% |
| Deferred charges and accrued income | 490/1 | €75 | €2,031 | +€1,956 | +2,601% |
| Total equity and liabilities | 10/49 | €6,535,612 | €7,442,015 | +€906,403 | +13.9% |
| Equity | 10/15 | €4,102,162 | €4,216,467 | +€114,305 | +2.8% |
| Contributions | 10/11 | €3,750,000 | €3,750,000 | = | 0.0% |
| Reserves | 13 | €54,409 | €168,000 | +€113,591 | +209% |
| Tax-exempt reserves | 132 | €54,409 | €168,000 | +€113,591 | +209% |
| Profit (loss) carried forward | 14 | €297,753 | €298,468 | +€714 | +0.2% |
| Provisions and deferred taxes | 16 | €18,136 | €56,000 | +€37,864 | +209% |
| Deferred taxes | 168 | €18,136 | €56,000 | +€37,864 | +209% |
| Amounts payable | 17/49 | €2,415,314 | €3,169,548 | +€754,234 | +31.2% |
| Amounts payable after more than one year | 17 | €1,974,207 | €2,530,351 | +€556,143 | +28.2% |
| Financial debts | 170/4 | €357,579 | €265,873 | -€91,706 | -25.6% |
| Other amounts payable | 178/9 | €1,616,628 | €2,264,478 | +€647,849 | +40.1% |
| Amounts payable within one year | 42/48 | €424,133 | €639,197 | +€215,064 | +50.7% |
| Current portion of amounts payable after more than one year | 42 | €90,615 | €91,706 | +€1,091 | +1.2% |
| Trade debts | 44 | €145,754 | €51,198 | -€94,556 | -64.9% |
| Suppliers | 440/4 | €145,754 | €51,198 | -€94,556 | -64.9% |
| Taxes, remuneration and social security | 45 | €44,444 | €67,419 | +€22,975 | +51.7% |
| Taxes | 450/3 | €42,353 | €63,893 | +€21,539 | +50.9% |
| Remuneration and social security | 454/9 | €2,091 | €3,526 | +€1,436 | +68.7% |
| Other amounts payable | 47/48 | €143,321 | €428,875 | +€285,554 | +199% |
| Accrued charges and deferred income | 492/3 | €16,973 | - | -€16,973 | |
| Non-recurring operating income | 76A | €42,084 | - | -€42,084 | |
| Remuneration, social security and pensions | 62 | €48,556 | €52,556 | +€3,999 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,189 | €351,010 | +€92,821 | +36.0% |
| Other operating charges | 640/8 | €4,406 | €28,477 | +€24,071 | +546% |
| Gross operating margin | 9900 | €466,994 | €538,566 | +€71,572 | +15.3% |
| Operating profit (loss) | 9901 | €155,843 | €106,524 | -€49,319 | -31.6% |
| Financial income | 75/76B | €2,586 | €4,171 | +€1,585 | +61.3% |
| Recurring financial income | 75 | €2,586 | €4,171 | +€1,585 | +61.3% |
| Financial charges | 65/66B | €131,438 | €112,134 | -€19,304 | -14.7% |
| Recurring financial charges | 65 | €131,438 | €112,134 | -€19,304 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €26,992 | -€1,439 | -€28,431 | |
| Transfer from deferred taxes | 780 | €2,631 | €3,939 | +€1,307 | +49.7% |
| Income taxes | 67/77 | €1,784 | €3,098 | +€1,314 | +73.7% |
| Profit (loss) for the period | 9904 | €27,839 | -€599 | -€28,438 | |
| Transfer from tax-exempt reserves | 789 | €877 | €1,313 | +€436 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,716 | €714 | -€28,002 | -97.5% |
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 25 October 2026 via checked.be.