NIKOGEST: 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.
NIKOGEST
Largest movements
- Stocks and contracts +€179,747
new in 2025: €179,747
- Financial fixed assets -€99,075
down €99,075 (-50.0%), from €198,000 to €98,925
- Receivables within one year +€83,347
up €83,347 (+2381.3%), from €3,500 to €86,847
of which Trade receivables: +€82,000
- Tangible fixed assets +€14,261
up €14,261 (+3.5%), from €409,572 to €423,833
- Advances received +€110,000
new in 2025: €110,000
- Other debts +€76,859
up €76,859 (+43.9%), from €175,065 to €251,924
- Debts after one year -€17,292
down €17,292 (-14.5%), from €119,312 to €102,021
- Profit (loss) carried forward +€11,136
up €11,136 (+24.9%), from €44,770 to €55,906
- Financial income +€9,657
new in 2025: €9,657
of which Financial income: +€9,657
- Depreciation -€5,805
down €5,805 (-33.7%), from €17,244 to €11,439
- Gross operating margin -€5,512
down €5,512 (-18.3%), from €30,156 to €24,644
- Financial charges +€3,268
up €3,268 (+171.3%), from €1,908 to €5,177
- Other operating charges +€863
up €863 (+15.2%), from €5,686 to €6,550
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.
Cash bridge derived
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 | €612,918 | €792,525 | +€179,607 | +29.3% |
| Fixed assets | 21/28 | €607,572 | €522,758 | -€84,814 | -14.0% |
| Tangible fixed assets | 22/27 | €409,572 | €423,833 | +€14,261 | +3.5% |
| Land and buildings | 22 | €409,572 | €423,833 | +€14,261 | +3.5% |
| Financial fixed assets | 28 | €198,000 | €98,925 | -€99,075 | -50.0% |
| Current assets | 29/58 | €5,346 | €269,767 | +€264,420 | +4945.8% |
| Stocks and contracts in progress | 3 | - | €179,747 | +€179,747 | |
| Stocks | 30/36 | - | €179,747 | +€179,747 | |
| Amounts receivable within one year | 40/41 | €3,500 | €86,847 | +€83,347 | +2381.3% |
| Trade receivables | 40 | €3,500 | €85,500 | +€82,000 | +2342.9% |
| Other amounts receivable | 41 | - | €1,347 | +€1,347 | |
| Cash at bank and in hand | 54/58 | €321 | €3,172 | +€2,851 | +887.8% |
| Deferred charges and accrued income | 490/1 | €1,525 | - | -€1,525 | |
| Total equity and liabilities | 10/49 | €612,918 | €792,525 | +€179,607 | +29.3% |
| Equity | 10/15 | €300,153 | €311,289 | +€11,136 | +3.7% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €30,383 | €30,383 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,383 | €30,383 | = | 0.0% |
| Legal reserve | 130 | €22,500 | €22,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €7,883 | +€7,883 | |
| Other | 1319 | €7,883 | - | -€7,883 | |
| Profit (loss) carried forward | 14 | €44,770 | €55,906 | +€11,136 | +24.9% |
| Amounts payable | 17/49 | €312,765 | €481,236 | +€168,470 | +53.9% |
| Amounts payable after more than one year | 17 | €119,312 | €102,021 | -€17,292 | -14.5% |
| Financial debts | 170/4 | €119,312 | €102,021 | -€17,292 | -14.5% |
| Amounts payable within one year | 42/48 | €193,453 | €379,215 | +€185,762 | +96.0% |
| Current portion of amounts payable after more than one year | 42 | €17,084 | €17,292 | +€207 | +1.2% |
| Trade debts | 44 | €1,304 | - | -€1,304 | |
| Suppliers | 440/4 | €1,304 | - | -€1,304 | |
| Advances received on contracts in progress | 46 | - | €110,000 | +€110,000 | |
| Other amounts payable | 47/48 | €175,065 | €251,924 | +€76,859 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,244 | €11,439 | -€5,805 | -33.7% |
| Other operating charges | 640/8 | €5,686 | €6,550 | +€863 | +15.2% |
| Gross operating margin | 9900 | €30,156 | €24,644 | -€5,512 | -18.3% |
| Operating profit (loss) | 9901 | €7,226 | €6,655 | -€571 | -7.9% |
| Financial income | 75/76B | - | €9,657 | +€9,657 | |
| Recurring financial income | 75 | - | €9,657 | +€9,657 | |
| Non-recurring financial income | 76B | - | €9,657 | +€9,657 | |
| Financial charges | 65/66B | €1,908 | €5,177 | +€3,268 | +171.3% |
| Recurring financial charges | 65 | €1,908 | €5,177 | +€3,268 | +171.3% |
| Profit (loss) for the period before taxes | 9903 | €5,318 | €11,136 | +€5,818 | +109.4% |
| Profit (loss) for the period | 9904 | €5,318 | €11,136 | +€5,818 | +109.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,318 | €11,136 | +€5,818 | +109.4% |
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 9 October 2026 via checked.be.