NIKOLA: 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.
NIKOLA
Largest movements
- Receivables within one year -€553,031
down €553,031 (-78.8%), from €701,504 to €148,473
of which Other amounts receivable: -€539,962
- Tangible fixed assets -€67,207
down €67,207 (-4.0%), from €1.7m to €1.6m
of which Land and buildings: -€54,333
- Cash +€48,985
up €48,985 (+11.9%), from €410,604 to €459,589
mainly Receivables within one year (+€553,031) and Provisions (+€103,000)
- Stocks and contracts -€35,978
down €35,978 (-7.9%), from €455,888 to €419,910
- Other debts -€568,000
down €568,000 (-98.8%), from €574,770 to €6,770
- Debts after one year -€160,398
down €160,398 (-21.7%), from €737,786 to €577,388
- Trade debts -€117,588
down €117,588 (-79.0%), from €148,891 to €31,303
- Provisions +€103,000
up €103,000 (+736%), from €14,000 to €117,000
- Reserves +€97,750
up €97,750 (+5.7%), from €1.7m to €1.8m
- Provisions +€143,000
up €143,000, from -€40,000 to €103,000
- Gross operating margin +€86,481
up €86,481 (+27.8%), from €310,684 to €397,165
- Taxes +€28,951
up €28,951 (+186%), from €15,575 to €44,525
- Other operating charges -€25,987
down €25,987 (-56.7%), from €45,828 to €19,841
- Financial income -€13,700
down €13,700 (-88.2%), from €15,535 to €1,835
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 | €3,241,215 | €2,633,805 | -€607,410 | -18.7% |
| Fixed assets | 21/28 | €1,664,087 | €1,596,535 | -€67,551 | -4.1% |
| Intangible fixed assets | 21 | €344 | - | -€344 | |
| Tangible fixed assets | 22/27 | €1,663,742 | €1,596,535 | -€67,207 | -4.0% |
| Land and buildings | 22 | €1,593,741 | €1,539,408 | -€54,333 | -3.4% |
| Plant, machinery and equipment | 23 | €17,881 | €14,774 | -€3,107 | -17.4% |
| Furniture and vehicles | 24 | €52,120 | €42,352 | -€9,767 | -18.7% |
| Current assets | 29/58 | €1,577,128 | €1,037,270 | -€539,858 | -34.2% |
| Stocks and contracts in progress | 3 | €455,888 | €419,910 | -€35,978 | -7.9% |
| Stocks | 30/36 | €455,888 | €419,910 | -€35,978 | -7.9% |
| Amounts receivable within one year | 40/41 | €701,504 | €148,473 | -€553,031 | -78.8% |
| Trade receivables | 40 | €160,319 | €147,250 | -€13,069 | -8.2% |
| Other amounts receivable | 41 | €541,185 | €1,223 | -€539,962 | -99.8% |
| Cash at bank and in hand | 54/58 | €410,604 | €459,589 | +€48,985 | +11.9% |
| Deferred charges and accrued income | 490/1 | €9,133 | €9,299 | +€166 | +1.8% |
| Total equity and liabilities | 10/49 | €3,241,215 | €2,633,805 | -€607,410 | -18.7% |
| Equity | 10/15 | €1,544,057 | €1,641,815 | +€97,758 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,729,410 | €1,827,160 | +€97,750 | +5.7% |
| Distributable reserves | 133 | €1,729,410 | €1,827,160 | +€97,750 | +5.7% |
| Profit (loss) carried forward | 14 | -€203,953 | -€203,945 | +€8 | 0.0% |
| Provisions and deferred taxes | 16 | €14,000 | €117,000 | +€103,000 | +736% |
| Provisions for liabilities and charges | 160/5 | €14,000 | €117,000 | +€103,000 | +736% |
| Environmental obligations | 163 | €14,000 | €117,000 | +€103,000 | +736% |
| Amounts payable | 17/49 | €1,683,158 | €874,990 | -€808,168 | -48.0% |
| Amounts payable after more than one year | 17 | €737,786 | €577,388 | -€160,398 | -21.7% |
| Financial debts | 170/4 | €737,786 | €577,388 | -€160,398 | -21.7% |
| Amounts payable within one year | 42/48 | €944,576 | €296,852 | -€647,724 | -68.6% |
| Current portion of amounts payable after more than one year | 42 | €158,411 | €160,398 | +€1,987 | +1.3% |
| Trade debts | 44 | €148,891 | €31,303 | -€117,588 | -79.0% |
| Suppliers | 440/4 | €148,891 | €31,303 | -€117,588 | -79.0% |
| Taxes, remuneration and social security | 45 | €62,504 | €98,381 | +€35,878 | +57.4% |
| Taxes | 450/3 | €57,562 | €93,048 | +€35,486 | +61.6% |
| Remuneration and social security | 454/9 | €4,941 | €5,333 | +€392 | +7.9% |
| Other amounts payable | 47/48 | €574,770 | €6,770 | -€568,000 | -98.8% |
| Accrued charges and deferred income | 492/3 | €796 | €749 | -€47 | -5.9% |
| Remuneration, social security and pensions | 62 | €57,090 | €54,020 | -€3,070 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,792 | €68,625 | -€167 | -0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€40,000 | €103,000 | +€143,000 | |
| Other operating charges | 640/8 | €45,828 | €19,841 | -€25,987 | -56.7% |
| Gross operating margin | 9900 | €310,684 | €397,165 | +€86,481 | +27.8% |
| Operating profit (loss) | 9901 | €178,974 | €151,680 | -€27,294 | -15.3% |
| Financial income | 75/76B | €15,535 | €1,835 | -€13,700 | -88.2% |
| Recurring financial income | 75 | €15,535 | €1,835 | -€13,700 | -88.2% |
| Financial charges | 65/66B | €23,183 | €11,231 | -€11,953 | -51.6% |
| Recurring financial charges | 65 | €13,183 | €11,231 | -€1,953 | -14.8% |
| Non-recurring financial charges | 66B | €10,000 | - | -€10,000 | |
| Profit (loss) for the period before taxes | 9903 | €171,325 | €142,284 | -€29,042 | -17.0% |
| Income taxes | 67/77 | €15,575 | €44,525 | +€28,951 | +186% |
| Profit (loss) for the period | 9904 | €155,750 | €97,758 | -€57,992 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €155,750 | €97,758 | -€57,992 | -37.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.