Niklas VO: 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.
Niklas VO
Largest movements
- Receivables after one year +€23,980
new in 2025: €23,980
- Cash -€23,011
down €23,011 (-40.5%), from €56,864 to €33,852
mainly Advances received (-€41,000) and Investment in fixed assets (net) (-€36,189)
- Tangible fixed assets +€22,613
up €22,613 (+12.1%), from €186,594 to €209,208
of which Furniture and vehicles: +€34,074
- Receivables within one year +€4,535
up €4,535 (+6.1%), from €74,181 to €78,716
of which Trade receivables: +€5,297
- Profit (loss) carried forward +€43,097
up €43,097 (+68.1%), from €63,270 to €106,367
- Advances received -€41,000
no longer reported in 2025 (was €41,000)
- Debts after one year +€19,428
up €19,428 (+10.9%), from €177,999 to €197,427
- Tax, wage and social debts +€13,139
up €13,139 (+901%), from €1,458 to €14,598
of which Taxes: +€14,598
- Other debts -€8,624
no longer reported in 2025 (was €8,624)
- Gross operating margin +€63,265
up €63,265 (+266%), from €23,779 to €87,044
- Taxes +€14,041
up €14,041 (+2,293%), from €612 to €14,653
- Financial charges +€7,743
up €7,743 (+122%), from €6,359 to €14,102
- Depreciation -€3,259
down €3,259 (-19.4%), from €16,834 to €13,575
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 | €317,640 | €345,756 | +€28,116 | +8.9% |
| Fixed assets | 21/28 | €186,594 | €209,208 | +€22,613 | +12.1% |
| Tangible fixed assets | 22/27 | €186,594 | €209,208 | +€22,613 | +12.1% |
| Land and buildings | 22 | €69,379 | €63,765 | -€5,614 | -8.1% |
| Furniture and vehicles | 24 | - | €34,074 | +€34,074 | |
| Assets under construction and advance payments | 27 | €117,215 | €111,368 | -€5,847 | -5.0% |
| Current assets | 29/58 | €131,045 | €136,548 | +€5,503 | +4.2% |
| Amounts receivable after more than one year | 29 | - | €23,980 | +€23,980 | |
| Other amounts receivable | 291 | - | €23,980 | +€23,980 | |
| Amounts receivable within one year | 40/41 | €74,181 | €78,716 | +€4,535 | +6.1% |
| Trade receivables | 40 | €67,814 | €73,112 | +€5,297 | +7.8% |
| Other amounts receivable | 41 | €6,367 | €5,605 | -€762 | -12.0% |
| Cash at bank and in hand | 54/58 | €56,864 | €33,852 | -€23,011 | -40.5% |
| Total equity and liabilities | 10/49 | €317,640 | €345,756 | +€28,116 | +8.9% |
| Equity | 10/15 | €68,270 | €111,367 | +€43,097 | +63.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,270 | €106,367 | +€43,097 | +68.1% |
| Amounts payable | 17/49 | €249,369 | €234,389 | -€14,980 | -6.0% |
| Amounts payable after more than one year | 17 | €177,999 | €197,427 | +€19,428 | +10.9% |
| Financial debts | 170/4 | €177,999 | €197,427 | +€19,428 | +10.9% |
| Amounts payable within one year | 42/48 | €71,370 | €36,962 | -€34,409 | -48.2% |
| Financial debts | 43 | €14,418 | €13,883 | -€535 | -3.7% |
| Credit institutions | 430/8 | €14,418 | €13,883 | -€535 | -3.7% |
| Trade debts | 44 | €5,869 | €8,481 | +€2,612 | +44.5% |
| Suppliers | 440/4 | €5,869 | €8,481 | +€2,612 | +44.5% |
| Advances received on contracts in progress | 46 | €41,000 | - | -€41,000 | |
| Taxes, remuneration and social security | 45 | €1,458 | €14,598 | +€13,139 | +901% |
| Taxes | 450/3 | - | €14,598 | +€14,598 | |
| Remuneration and social security | 454/9 | €1,458 | - | -€1,458 | |
| Other amounts payable | 47/48 | €8,624 | - | -€8,624 | |
| Non-recurring operating income | 76A | - | €60,062 | +€60,062 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,834 | €13,575 | -€3,259 | -19.4% |
| Other operating charges | 640/8 | €1,001 | €1,616 | +€615 | +61.5% |
| Gross operating margin | 9900 | €23,779 | €87,044 | +€63,265 | +266% |
| Operating profit (loss) | 9901 | €5,944 | €71,852 | +€65,909 | +1,109% |
| Financial income | 75/76B | €289 | - | -€289 | |
| Recurring financial income | 75 | €289 | - | -€289 | |
| Financial charges | 65/66B | €6,359 | €14,102 | +€7,743 | +122% |
| Recurring financial charges | 65 | €6,359 | €14,102 | +€7,743 | +122% |
| Profit (loss) for the period before taxes | 9903 | -€126 | €57,750 | +€57,876 | |
| Income taxes | 67/77 | €612 | €14,653 | +€14,041 | +2,293% |
| Profit (loss) for the period | 9904 | -€738 | €43,097 | +€43,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€738 | €43,097 | +€43,835 |
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 18 October 2026 via checked.be.