NIKKEL ART: 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.
NIKKEL ART
Largest movements
- Cash -€243,008
down €243,008 (-59.2%), from €410,371 to €167,363
mainly Debts after one year (-€221,233) and Contributions, distributions and other (-€155,000)
- Tangible fixed assets -€148,515
down €148,515 (-12.7%), from €1.2m to €1.0m
of which Leasing and similar rights: -€97,053
- Receivables within one year -€35,737
down €35,737 (-50.4%), from €70,924 to €35,188
of which Other amounts receivable: -€25,182
- Stocks and contracts -€27,145
down €27,145 (-15.5%), from €175,291 to €148,145
- Debts after one year -€221,233
down €221,233 (-39.3%), from €562,879 to €341,646
- Reserves -€155,000
down €155,000 (-14.9%), from €1.0m to €887,592
of which Distributable reserves: -€155,000
- Tax, wage and social debts -€55,028
down €55,028 (-31.6%), from €173,980 to €118,952
of which Taxes: -€38,871
- Accrued charges and deferred income -€51,514
down €51,514 (-96.3%), from €53,470 to €1,956
- Trade debts +€41,239
up €41,239 (+149%), from €27,688 to €68,927
- Gross operating margin -€324,523
down €324,523 (-34.6%), from €938,769 to €614,247
- Depreciation -€58,017
down €58,017 (-24.3%), from €239,197 to €181,181
- Staff costs -€35,696
down €35,696 (-8.0%), from €444,064 to €408,368
- Financial charges -€24,672
down €24,672 (-40.4%), from €61,070 to €36,398
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 | €1,864,121 | €1,418,239 | -€445,883 | -23.9% |
| Fixed assets | 21/28 | €1,173,089 | €1,034,052 | -€139,037 | -11.9% |
| Intangible fixed assets | 21 | - | €9,479 | +€9,479 | |
| Tangible fixed assets | 22/27 | €1,173,089 | €1,024,573 | -€148,515 | -12.7% |
| Land and buildings | 22 | €619,757 | €571,406 | -€48,351 | -7.8% |
| Plant, machinery and equipment | 23 | €35,442 | €51,419 | +€15,977 | +45.1% |
| Furniture and vehicles | 24 | €97,349 | €78,262 | -€19,087 | -19.6% |
| Leasing and similar rights | 25 | €420,540 | €323,487 | -€97,053 | -23.1% |
| Current assets | 29/58 | €691,033 | €384,187 | -€306,846 | -44.4% |
| Stocks and contracts in progress | 3 | €175,291 | €148,145 | -€27,145 | -15.5% |
| Stocks | 30/36 | €175,291 | €148,145 | -€27,145 | -15.5% |
| Amounts receivable within one year | 40/41 | €70,924 | €35,188 | -€35,737 | -50.4% |
| Trade receivables | 40 | €31,045 | €20,490 | -€10,555 | -34.0% |
| Other amounts receivable | 41 | €39,879 | €14,697 | -€25,182 | -63.1% |
| Cash at bank and in hand | 54/58 | €410,371 | €167,363 | -€243,008 | -59.2% |
| Deferred charges and accrued income | 490/1 | €34,447 | €33,491 | -€956 | -2.8% |
| Total equity and liabilities | 10/49 | €1,864,121 | €1,418,239 | -€445,883 | -23.9% |
| Equity | 10/15 | €831,781 | €648,945 | -€182,837 | -22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,042,592 | €887,592 | -€155,000 | -14.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,042,592 | €887,592 | -€155,000 | -14.9% |
| Profit (loss) carried forward | 14 | -€229,411 | -€257,248 | -€27,837 | -12.1% |
| Amounts payable | 17/49 | €1,032,340 | €769,294 | -€263,046 | -25.5% |
| Amounts payable after more than one year | 17 | €562,879 | €341,646 | -€221,233 | -39.3% |
| Financial debts | 170/4 | €562,879 | €341,646 | -€221,233 | -39.3% |
| Amounts payable within one year | 42/48 | €415,991 | €425,692 | +€9,701 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €214,323 | €221,233 | +€6,910 | +3.2% |
| Financial debts | 43 | - | €71 | +€71 | |
| Credit institutions | 430/8 | - | €71 | +€71 | |
| Trade debts | 44 | €27,688 | €68,927 | +€41,239 | +149% |
| Suppliers | 440/4 | €27,688 | €68,927 | +€41,239 | +149% |
| Advances received on contracts in progress | 46 | €0 | €16,509 | +€16,509 | |
| Taxes, remuneration and social security | 45 | €173,980 | €118,952 | -€55,028 | -31.6% |
| Taxes | 450/3 | €111,629 | €72,758 | -€38,871 | -34.8% |
| Remuneration and social security | 454/9 | €62,351 | €46,194 | -€16,156 | -25.9% |
| Accrued charges and deferred income | 492/3 | €53,470 | €1,956 | -€51,514 | -96.3% |
| Non-recurring operating income | 76A | €0 | €34,778 | +€34,778 | |
| Remuneration, social security and pensions | 62 | €444,064 | €408,368 | -€35,696 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,197 | €181,181 | -€58,017 | -24.3% |
| Other operating charges | 640/8 | €15,212 | €18,677 | +€3,465 | +22.8% |
| Gross operating margin | 9900 | €938,769 | €614,247 | -€324,523 | -34.6% |
| Operating profit (loss) | 9901 | €240,296 | €6,021 | -€234,275 | -97.5% |
| Financial income | 75/76B | €4,000 | €4,568 | +€567 | +14.2% |
| Recurring financial income | 75 | €4,000 | €4,568 | +€567 | +14.2% |
| Financial charges | 65/66B | €61,070 | €36,398 | -€24,672 | -40.4% |
| Recurring financial charges | 65 | €61,070 | €36,398 | -€24,672 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €183,226 | -€25,810 | -€209,035 | |
| Income taxes | 67/77 | €2,200 | €2,027 | -€173 | -7.9% |
| Profit (loss) for the period | 9904 | €181,026 | -€27,837 | -€208,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €181,026 | -€27,837 | -€208,862 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.