NIKKY SELLESLAGH: 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.
NIKKY SELLESLAGH
Largest movements
- Tangible fixed assets -€58,321
down €58,321 (-17.8%), from €328,002 to €269,680
of which Other tangible fixed assets: -€52,761
- Cash +€13,740
up €13,740 (+9.9%), from €138,231 to €151,971
mainly Depreciation (+€80,010) and Tax, wage and social debts (+€13,473)
- Receivables within one year -€5,278
down €5,278 (-74.8%), from €7,055 to €1,778
of which Trade receivables: -€5,278
- Debts after one year -€38,084
down €38,084 (-24.9%), from €152,954 to €114,870
- Trade debts -€21,413
down €21,413 (-100%), from €21,413 to €0
- Tax, wage and social debts +€13,473
up €13,473 (+269%), from €4,999 to €18,472
of which Taxes: +€11,590
- Other debts -€10,499
down €10,499 (-20.9%), from €50,140 to €39,641
- Taxes -€10,954
down €10,954, from €5,921 to -€5,033
- Depreciation +€7,049
up €7,049 (+9.7%), from €72,961 to €80,010
- Staff costs -€2,968
down €2,968 (-6.1%), from €48,911 to €45,944
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 | €500,241 | €444,600 | -€55,641 | -11.1% |
| Fixed assets | 21/28 | €349,762 | €290,011 | -€59,751 | -17.1% |
| Intangible fixed assets | 21 | €14,261 | €12,661 | -€1,600 | -11.2% |
| Tangible fixed assets | 22/27 | €328,002 | €269,680 | -€58,321 | -17.8% |
| Land and buildings | 22 | €180,200 | €134,342 | -€45,858 | -25.4% |
| Plant, machinery and equipment | 23 | €25,537 | €21,870 | -€3,667 | -14.4% |
| Furniture and vehicles | 24 | €69,503 | €113,468 | +€43,965 | +63.3% |
| Other tangible fixed assets | 26 | €52,761 | - | -€52,761 | |
| Financial fixed assets | 28 | €7,500 | €7,670 | +€170 | +2.3% |
| Current assets | 29/58 | €150,479 | €154,589 | +€4,111 | +2.7% |
| Amounts receivable within one year | 40/41 | €7,055 | €1,778 | -€5,278 | -74.8% |
| Trade receivables | 40 | €7,055 | €1,778 | -€5,278 | -74.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €138,231 | €151,971 | +€13,740 | +9.9% |
| Deferred charges and accrued income | 490/1 | €5,192 | €840 | -€4,352 | -83.8% |
| Total equity and liabilities | 10/49 | €500,241 | €444,600 | -€55,641 | -11.1% |
| Equity | 10/15 | €234,100 | €233,533 | -€567 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,500 | €214,933 | -€567 | -0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €213,640 | €213,073 | -€567 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €266,141 | €211,067 | -€55,074 | -20.7% |
| Amounts payable after more than one year | 17 | €152,954 | €114,870 | -€38,084 | -24.9% |
| Financial debts | 170/4 | €152,954 | €114,870 | -€38,084 | -24.9% |
| Amounts payable within one year | 42/48 | €113,187 | €96,197 | -€16,990 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €36,634 | €38,084 | +€1,450 | +4.0% |
| Trade debts | 44 | €21,413 | €0 | -€21,413 | -100% |
| Suppliers | 440/4 | €21,413 | €0 | -€21,413 | -100% |
| Taxes, remuneration and social security | 45 | €4,999 | €18,472 | +€13,473 | +269% |
| Taxes | 450/3 | €771 | €12,361 | +€11,590 | +1,503% |
| Remuneration and social security | 454/9 | €4,228 | €6,111 | +€1,883 | +44.5% |
| Other amounts payable | 47/48 | €50,140 | €39,641 | -€10,499 | -20.9% |
| Remuneration, social security and pensions | 62 | €48,911 | €45,944 | -€2,968 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,961 | €80,010 | +€7,049 | +9.7% |
| Other operating charges | 640/8 | €9,339 | €7,987 | -€1,353 | -14.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €137,157 | €136,860 | -€297 | -0.2% |
| Operating profit (loss) | 9901 | €5,945 | €2,919 | -€3,025 | -50.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,159 | €8,519 | -€640 | -7.0% |
| Recurring financial charges | 65 | €9,159 | €8,519 | -€640 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,214 | -€5,600 | -€2,385 | -74.2% |
| Income taxes | 67/77 | €5,921 | -€5,033 | -€10,954 | |
| Profit (loss) for the period | 9904 | -€9,136 | -€567 | +€8,569 | +93.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,136 | -€567 | +€8,569 | +93.8% |
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 26 October 2026 via checked.be.