Niklis Management: 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.
Niklis Management
Largest movements
- Current investments -€84,635
down €84,635 (-58.5%), from €144,635 to €60,000
- Cash +€39,097
up €39,097 (+35.0%), from €111,788 to €150,885
mainly Net result for the year (+€118,925) and Current investments (+€84,635)
- Receivables within one year -€23,625
down €23,625 (-84.3%), from €28,017 to €4,393
of which Trade receivables: -€25,494
- Tangible fixed assets -€7,583
down €7,583 (-21.5%), from €35,221 to €27,638
of which Furniture and vehicles: -€6,295
- Reserves -€103,821
down €103,821 (-52.5%), from €197,746 to €93,925
- Tax, wage and social debts +€30,129
up €30,129 (+275%), from €10,940 to €41,070
- Trade debts -€6,098
down €6,098 (-61.7%), from €9,884 to €3,786
- Gross operating margin +€43,569
up €43,569 (+35.3%), from €123,469 to €167,038
- Taxes +€10,113
up €10,113 (+42.1%), from €24,018 to €34,131
- Financial income -€4,147
down €4,147 (-91.7%), from €4,519 to €373
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 | €320,112 | €243,023 | -€77,089 | -24.1% |
| Fixed assets | 21/28 | €35,221 | €27,638 | -€7,583 | -21.5% |
| Tangible fixed assets | 22/27 | €35,221 | €27,638 | -€7,583 | -21.5% |
| Land and buildings | 22 | €5,673 | €4,385 | -€1,288 | -22.7% |
| Furniture and vehicles | 24 | €22,564 | €16,270 | -€6,295 | -27.9% |
| Other tangible fixed assets | 26 | €6,983 | €6,983 | = | 0.0% |
| Current assets | 29/58 | €284,892 | €215,386 | -€69,506 | -24.4% |
| Amounts receivable within one year | 40/41 | €28,017 | €4,393 | -€23,625 | -84.3% |
| Trade receivables | 40 | €28,017 | €2,523 | -€25,494 | -91.0% |
| Other amounts receivable | 41 | - | €1,869 | +€1,869 | |
| Current investments | 50/53 | €144,635 | €60,000 | -€84,635 | -58.5% |
| Cash at bank and in hand | 54/58 | €111,788 | €150,885 | +€39,097 | +35.0% |
| Deferred charges and accrued income | 490/1 | €451 | €108 | -€344 | -76.1% |
| Total equity and liabilities | 10/49 | €320,112 | €243,023 | -€77,089 | -24.1% |
| Equity | 10/15 | €216,346 | €112,525 | -€103,821 | -48.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €197,746 | €93,925 | -€103,821 | -52.5% |
| Distributable reserves | 133 | €197,746 | €93,925 | -€103,821 | -52.5% |
| Amounts payable | 17/49 | €103,766 | €130,498 | +€26,732 | +25.8% |
| Amounts payable within one year | 42/48 | €103,766 | €130,498 | +€26,732 | +25.8% |
| Trade debts | 44 | €9,884 | €3,786 | -€6,098 | -61.7% |
| Suppliers | 440/4 | €9,884 | €3,786 | -€6,098 | -61.7% |
| Taxes, remuneration and social security | 45 | €10,940 | €41,070 | +€30,129 | +275% |
| Taxes | 450/3 | €10,940 | €41,070 | +€30,129 | +275% |
| Other amounts payable | 47/48 | €82,942 | €85,642 | +€2,700 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,440 | €13,573 | +€133 | +1.0% |
| Other operating charges | 640/8 | €767 | €585 | -€181 | -23.6% |
| Gross operating margin | 9900 | €123,469 | €167,038 | +€43,569 | +35.3% |
| Operating profit (loss) | 9901 | €109,262 | €152,879 | +€43,617 | +39.9% |
| Financial income | 75/76B | €4,519 | €373 | -€4,147 | -91.7% |
| Recurring financial income | 75 | €4,519 | €373 | -€4,147 | -91.7% |
| Financial charges | 65/66B | €82 | €196 | +€114 | +139% |
| Recurring financial charges | 65 | €82 | €196 | +€114 | +139% |
| Profit (loss) for the period before taxes | 9903 | €113,700 | €153,056 | +€39,356 | +34.6% |
| Income taxes | 67/77 | €24,018 | €34,131 | +€10,113 | +42.1% |
| Profit (loss) for the period | 9904 | €89,682 | €118,925 | +€29,244 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,682 | €118,925 | +€29,244 | +32.6% |
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 1 November 2026 via checked.be.