NIKKA MANAGEMENT: 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.
NIKKA MANAGEMENT
Largest movements
- Receivables within one year +€76,909
up €76,909 (+774.9%), from €9,925 to €86,834
of which Other amounts receivable: +€40,000
- Cash +€76,100
up €76,100 (+72.3%), from €105,314 to €181,414
mainly Net result for the year (+€160,483) and Other debts (+€88,115)
- Tangible fixed assets +€64,494
up €64,494 (+34.7%), from €185,915 to €250,409
of which Land and buildings: +€50,311
- Profit (loss) carried forward +€160,483
up €160,483 (+109.6%), from €146,382 to €306,865
- Other debts +€88,115
up €88,115 (+205.3%), from €42,922 to €131,037
- Tax, wage and social debts -€41,647
down €41,647 (-63.9%), from €65,195 to €23,548
of which Taxes: -€28,966
- Trade debts +€14,839
up €14,839 (+476.9%), from €3,111 to €17,951
of which Bills of exchange payable: +€17,351
- Gross operating margin +€226,074
up €226,074 (+201.8%), from €112,016 to €338,089
- Financial charges +€56,355
up €56,355 (+136.0%), from €41,432 to €97,787
- Taxes +€37,347
up €37,347 (+367.8%), from €10,153 to €47,500
- Depreciation +€7,776
up €7,776 (+39.5%), from €19,663 to €27,439
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 | €301,154 | €518,658 | +€217,503 | +72.2% |
| Fixed assets | 21/28 | €185,915 | €250,409 | +€64,494 | +34.7% |
| Tangible fixed assets | 22/27 | €185,915 | €250,409 | +€64,494 | +34.7% |
| Land and buildings | 22 | €165,437 | €215,747 | +€50,311 | +30.4% |
| Furniture and vehicles | 24 | €20,478 | €34,662 | +€14,183 | +69.3% |
| Current assets | 29/58 | €115,239 | €268,249 | +€153,009 | +132.8% |
| Amounts receivable within one year | 40/41 | €9,925 | €86,834 | +€76,909 | +774.9% |
| Trade receivables | 40 | €9,590 | €46,499 | +€36,909 | +384.9% |
| Other amounts receivable | 41 | €335 | €40,335 | +€40,000 | +11942.8% |
| Cash at bank and in hand | 54/58 | €105,314 | €181,414 | +€76,100 | +72.3% |
| Total equity and liabilities | 10/49 | €301,154 | €518,658 | +€217,503 | +72.2% |
| Equity | 10/15 | €148,382 | €308,865 | +€160,483 | +108.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,382 | €306,865 | +€160,483 | +109.6% |
| Amounts payable | 17/49 | €152,772 | €209,792 | +€57,020 | +37.3% |
| Amounts payable after more than one year | 17 | €37,257 | €32,706 | -€4,551 | -12.2% |
| Financial debts | 170/4 | €37,257 | €32,706 | -€4,551 | -12.2% |
| Amounts payable within one year | 42/48 | €115,516 | €177,086 | +€61,571 | +53.3% |
| Current portion of amounts payable after more than one year | 42 | €4,287 | €4,551 | +€264 | +6.1% |
| Trade debts | 44 | €3,111 | €17,951 | +€14,839 | +476.9% |
| Suppliers | 440/4 | €3,111 | €600 | -€2,511 | -80.7% |
| Bills of exchange payable | 441 | - | €17,351 | +€17,351 | |
| Taxes, remuneration and social security | 45 | €65,195 | €23,548 | -€41,647 | -63.9% |
| Taxes | 450/3 | €52,513 | €23,548 | -€28,966 | -55.2% |
| Remuneration and social security | 454/9 | €12,681 | - | -€12,681 | |
| Other amounts payable | 47/48 | €42,922 | €131,037 | +€88,115 | +205.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,663 | €27,439 | +€7,776 | +39.5% |
| Other operating charges | 640/8 | €4,359 | €3,576 | -€783 | -18.0% |
| Non-recurring operating charges | 66A | - | €1,368 | +€1,368 | |
| Gross operating margin | 9900 | €112,016 | €338,089 | +€226,074 | +201.8% |
| Operating profit (loss) | 9901 | €87,993 | €305,706 | +€217,713 | +247.4% |
| Financial income | 75/76B | €7 | €64 | +€58 | +863.3% |
| Recurring financial income | 75 | €7 | €64 | +€58 | +863.3% |
| Financial charges | 65/66B | €41,432 | €97,787 | +€56,355 | +136.0% |
| Recurring financial charges | 65 | €41,432 | €97,787 | +€56,355 | +136.0% |
| Profit (loss) for the period before taxes | 9903 | €46,568 | €207,983 | +€161,415 | +346.6% |
| Income taxes | 67/77 | €10,153 | €47,500 | +€37,347 | +367.8% |
| Profit (loss) for the period | 9904 | €36,415 | €160,483 | +€124,068 | +340.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,415 | €160,483 | +€124,068 | +340.7% |
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 7 October 2026 via checked.be.