Nikkei Antwerp: what changed
Nikkei Antwerp
Largest movements
- Intangible fixed assets +€68,037
up €68,037 (+157%), from €43,379 to €111,416
- Receivables within one year +€21,539
up €21,539 (+101%), from €21,347 to €42,886
of which Trade receivables: +€17,590
- Tangible fixed assets +€20,987
up €20,987 (+18.1%), from €116,244 to €137,230
of which Plant, machinery and equipment: +€21,986
- Cash +€12,063
up €12,063 (+32.9%), from €36,694 to €48,758
mainly Debts after one year (+€45,181) and Net result for the year (+€36,555)
- Stocks and contracts +€6,100
up €6,100 (+74.4%), from €8,200 to €14,300
- Debts after one year +€45,181
up €45,181 (+37.6%), from €120,125 to €165,306
- Reserves +€36,555
up €36,555 (+286%), from €12,776 to €49,331
- Short-term financial debts +€24,196
up €24,196 (+250%), from €9,677 to €33,873
- Current portion of long-term debt +€14,030
up €14,030 (+50.1%), from €28,000 to €42,030
- Tax, wage and social debts +€9,346
up €9,346 (+20.2%), from €46,319 to €55,665
of which Remuneration and social security: +€15,344
- Gross operating margin +€313,929
up €313,929 (+103%), from €304,696 to €618,624
- Staff costs +€257,604
up €257,604 (+100%), from €257,086 to €514,690
- Taxes +€10,859
up €10,859 (+218%), from €4,976 to €15,835
- Other operating charges +€7,779
up €7,779 (+121%), from €6,429 to €14,208
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,506 | €364,232 | +€128,726 | +54.7% |
| Fixed assets | 21/28 | €169,265 | €258,289 | +€89,024 | +52.6% |
| Intangible fixed assets | 21 | €43,379 | €111,416 | +€68,037 | +157% |
| Tangible fixed assets | 22/27 | €116,244 | €137,230 | +€20,987 | +18.1% |
| Plant, machinery and equipment | 23 | €102,500 | €124,487 | +€21,986 | +21.5% |
| Furniture and vehicles | 24 | €13,744 | €12,744 | -€1,000 | -7.3% |
| Financial fixed assets | 28 | €9,642 | €9,642 | = | 0.0% |
| Current assets | 29/58 | €66,241 | €105,944 | +€39,702 | +59.9% |
| Stocks and contracts in progress | 3 | €8,200 | €14,300 | +€6,100 | +74.4% |
| Stocks | 30/36 | €8,200 | €14,300 | +€6,100 | +74.4% |
| Amounts receivable within one year | 40/41 | €21,347 | €42,886 | +€21,539 | +101% |
| Trade receivables | 40 | €5,411 | €23,001 | +€17,590 | +325% |
| Other amounts receivable | 41 | €15,936 | €19,885 | +€3,949 | +24.8% |
| Cash at bank and in hand | 54/58 | €36,694 | €48,758 | +€12,063 | +32.9% |
| Total equity and liabilities | 10/49 | €235,506 | €364,232 | +€128,726 | +54.7% |
| Equity | 10/15 | €17,776 | €54,331 | +€36,555 | +206% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,776 | €49,331 | +€36,555 | +286% |
| Distributable reserves | 133 | €12,776 | €49,331 | +€36,555 | +286% |
| Amounts payable | 17/49 | €217,730 | €309,901 | +€92,171 | +42.3% |
| Amounts payable after more than one year | 17 | €120,125 | €165,306 | +€45,181 | +37.6% |
| Financial debts | 170/4 | €120,125 | €165,306 | +€45,181 | +37.6% |
| Amounts payable within one year | 42/48 | €97,605 | €144,595 | +€46,990 | +48.1% |
| Current portion of amounts payable after more than one year | 42 | €28,000 | €42,030 | +€14,030 | +50.1% |
| Financial debts | 43 | €9,677 | €33,873 | +€24,196 | +250% |
| Other loans | 439 | €9,677 | €33,873 | +€24,196 | +250% |
| Trade debts | 44 | €8,438 | €13,027 | +€4,589 | +54.4% |
| Suppliers | 440/4 | €8,438 | €13,027 | +€4,589 | +54.4% |
| Advances received on contracts in progress | 46 | €5,171 | - | -€5,171 | |
| Taxes, remuneration and social security | 45 | €46,319 | €55,665 | +€9,346 | +20.2% |
| Taxes | 450/3 | €21,707 | €15,709 | -€5,998 | -27.6% |
| Remuneration and social security | 454/9 | €24,612 | €39,956 | +€15,344 | +62.3% |
| Remuneration, social security and pensions | 62 | €257,086 | €514,690 | +€257,604 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,805 | €25,457 | +€1,652 | +6.9% |
| Other operating charges | 640/8 | €6,429 | €14,208 | +€7,779 | +121% |
| Non-recurring operating charges | 66A | - | €1,397 | +€1,397 | |
| Gross operating margin | 9900 | €304,696 | €618,624 | +€313,929 | +103% |
| Operating profit (loss) | 9901 | €17,375 | €62,872 | +€45,496 | +262% |
| Financial income | 75/76B | €837 | €1,060 | +€223 | +26.7% |
| Recurring financial income | 75 | €837 | €1,060 | +€223 | +26.7% |
| Financial charges | 65/66B | €9,552 | €11,541 | +€1,990 | +20.8% |
| Recurring financial charges | 65 | €7,110 | €11,541 | +€4,432 | +62.3% |
| Non-recurring financial charges | 66B | €2,442 | - | -€2,442 | |
| Profit (loss) for the period before taxes | 9903 | €8,660 | €52,391 | +€43,730 | +505% |
| Income taxes | 67/77 | €4,976 | €15,835 | +€10,859 | +218% |
| Profit (loss) for the period | 9904 | €3,684 | €36,555 | +€32,871 | +892% |
| Profit (loss) for the period to be appropriated | 9905 | €3,684 | €36,555 | +€32,871 | +892% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.