NIKè HENA: 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 HENA
Largest movements
- Cash +€9,055
up €9,055 (+8.8%), from €102,610 to €111,665
mainly Trade debts (+€82,687) and Net result for the year (+€17,600)
- Current investments +€7,948
up €7,948 (+12.3%), from €64,837 to €72,785
- Receivables within one year -€3,909
down €3,909 (-6.1%), from €63,759 to €59,850
of which Other amounts receivable: -€34,902
- Tangible fixed assets +€3,669
up €3,669 (+10.3%), from €35,651 to €39,320
of which Plant, machinery and equipment: +€10,368
- Trade debts +€82,687
up €82,687 (+236%), from €35,066 to €117,753
- Current portion of long-term debt -€59,582
down €59,582 (-85.8%), from €69,429 to €9,847
- Other debts -€31,823
down €31,823 (-73.2%), from €43,486 to €11,663
- Reserves +€23,607
up €23,607 (+51.7%), from €45,634 to €69,241
- Tax, wage and social debts +€9,583
up €9,583 (+30.6%), from €31,287 to €40,869
of which Remuneration and social security: +€7,992
- Depreciation -€105,471
down €105,471 (-87.0%), from €121,224 to €15,752
- Gross operating margin -€73,696
down €73,696 (-15.3%), from €480,793 to €407,097
- Staff costs +€54,884
up €54,884 (+19.1%), from €287,654 to €342,537
- Financial charges -€10,316
down €10,316 (-37.9%), from €27,226 to €16,909
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 | €290,711 | €309,142 | +€18,431 | +6.3% |
| Fixed assets | 21/28 | €35,651 | €39,320 | +€3,669 | +10.3% |
| Tangible fixed assets | 22/27 | €35,651 | €39,320 | +€3,669 | +10.3% |
| Plant, machinery and equipment | 23 | €13,599 | €23,967 | +€10,368 | +76.2% |
| Furniture and vehicles | 24 | €52 | €0 | -€52 | -100% |
| Leasing and similar rights | 25 | €22,000 | €15,353 | -€6,647 | -30.2% |
| Current assets | 29/58 | €255,060 | €269,822 | +€14,762 | +5.8% |
| Stocks and contracts in progress | 3 | €16,150 | €18,642 | +€2,492 | +15.4% |
| Stocks | 30/36 | €16,150 | €18,642 | +€2,492 | +15.4% |
| Amounts receivable within one year | 40/41 | €63,759 | €59,850 | -€3,909 | -6.1% |
| Trade receivables | 40 | €6,667 | €37,660 | +€30,993 | +465% |
| Other amounts receivable | 41 | €57,091 | €22,189 | -€34,902 | -61.1% |
| Current investments | 50/53 | €64,837 | €72,785 | +€7,948 | +12.3% |
| Cash at bank and in hand | 54/58 | €102,610 | €111,665 | +€9,055 | +8.8% |
| Deferred charges and accrued income | 490/1 | €7,704 | €6,880 | -€824 | -10.7% |
| Total equity and liabilities | 10/49 | €290,711 | €309,142 | +€18,431 | +6.3% |
| Equity | 10/15 | €95,634 | €119,241 | +€23,607 | +24.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €45,634 | €69,241 | +€23,607 | +51.7% |
| Distributable reserves | 133 | €45,634 | €69,241 | +€23,607 | +51.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €195,077 | €189,901 | -€5,176 | -2.7% |
| Amounts payable after more than one year | 17 | €15,808 | €9,768 | -€6,040 | -38.2% |
| Financial debts | 170/4 | €15,808 | €9,768 | -€6,040 | -38.2% |
| Amounts payable within one year | 42/48 | €179,269 | €180,133 | +€864 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €69,429 | €9,847 | -€59,582 | -85.8% |
| Trade debts | 44 | €35,066 | €117,753 | +€82,687 | +236% |
| Suppliers | 440/4 | €35,066 | €117,753 | +€82,687 | +236% |
| Taxes, remuneration and social security | 45 | €31,287 | €40,869 | +€9,583 | +30.6% |
| Taxes | 450/3 | €1,178 | €2,769 | +€1,591 | +135% |
| Remuneration and social security | 454/9 | €30,109 | €38,101 | +€7,992 | +26.5% |
| Other amounts payable | 47/48 | €43,486 | €11,663 | -€31,823 | -73.2% |
| Remuneration, social security and pensions | 62 | €287,654 | €342,537 | +€54,884 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,224 | €15,752 | -€105,471 | -87.0% |
| Other operating charges | 640/8 | €10,488 | €10,648 | +€160 | +1.5% |
| Gross operating margin | 9900 | €480,793 | €407,097 | -€73,696 | -15.3% |
| Operating profit (loss) | 9901 | €61,427 | €38,159 | -€23,268 | -37.9% |
| Financial income | 75/76B | €2,289 | €1,131 | -€1,158 | -50.6% |
| Recurring financial income | 75 | €2,289 | €1,131 | -€1,158 | -50.6% |
| Financial charges | 65/66B | €27,226 | €16,909 | -€10,316 | -37.9% |
| Recurring financial charges | 65 | €27,226 | €16,909 | -€10,316 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €36,491 | €22,381 | -€14,110 | -38.7% |
| Income taxes | 67/77 | €916 | €4,780 | +€3,864 | +422% |
| Profit (loss) for the period | 9904 | €35,574 | €17,600 | -€17,974 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,574 | €17,600 | -€17,974 | -50.5% |
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 23 October 2026 via checked.be.