NIKOLAS PROJECTS: what changed
Two fiscal 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.
NIKOLAS PROJECTS
Largest movements
- Receivables within one year -€99,602
down €99,602 (-61.6%), from €161,752 to €62,150
of which Trade receivables: -€84,224
- Tangible fixed assets -€11,181
down €11,181 (-48.7%), from €22,939 to €11,758
- Trade debts -€85,580
down €85,580 (-75.7%), from €113,123 to €27,543
- Profit (loss) carried forward -€20,854
down €20,854 (-29.6%), from €70,335 to €49,481
- Tax, wage and social debts -€5,745
down €5,745 (-75.1%), from €7,650 to €1,906
- Gross operating margin -€7,572
down €7,572 (-59.7%), from €12,673 to €5,101
- Depreciation -€1,993
down €1,993 (-15.1%), from €13,174 to €11,181
- Other operating charges -€1,073
down €1,073 (-25.7%), from €4,180 to €3,108
- Financial charges +€1,025
up €1,025 (+225.2%), from €455 to €1,480
- Taxes -€796
down €796 (-58.9%), from €1,351 to €555
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 | €196,108 | €83,930 | -€112,179 | -57.2% |
| Fixed assets | 21/28 | €22,939 | €11,758 | -€11,181 | -48.7% |
| Tangible fixed assets | 22/27 | €22,939 | €11,758 | -€11,181 | -48.7% |
| Furniture and vehicles | 24 | €22,939 | €11,758 | -€11,181 | -48.7% |
| Current assets | 29/58 | €173,169 | €72,171 | -€100,998 | -58.3% |
| Amounts receivable within one year | 40/41 | €161,752 | €62,150 | -€99,602 | -61.6% |
| Trade receivables | 40 | €124,142 | €39,918 | -€84,224 | -67.8% |
| Other amounts receivable | 41 | €37,610 | €22,232 | -€15,378 | -40.9% |
| Cash at bank and in hand | 54/58 | €10,998 | €9,309 | -€1,689 | -15.4% |
| Deferred charges and accrued income | 490/1 | €419 | €712 | +€293 | +70.0% |
| Total equity and liabilities | 10/49 | €196,108 | €83,930 | -€112,179 | -57.2% |
| Equity | 10/15 | €75,335 | €54,481 | -€20,854 | -27.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,335 | €49,481 | -€20,854 | -29.6% |
| Amounts payable | 17/49 | €120,773 | €29,449 | -€91,324 | -75.6% |
| Amounts payable within one year | 42/48 | €120,773 | €29,449 | -€91,324 | -75.6% |
| Trade debts | 44 | €113,123 | €27,543 | -€85,580 | -75.7% |
| Suppliers | 440/4 | €113,123 | €27,543 | -€85,580 | -75.7% |
| Taxes, remuneration and social security | 45 | €7,650 | €1,906 | -€5,745 | -75.1% |
| Taxes | 450/3 | €7,650 | €1,906 | -€5,745 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,174 | €11,181 | -€1,993 | -15.1% |
| Other operating charges | 640/8 | €4,180 | €3,108 | -€1,073 | -25.7% |
| Non-recurring operating charges | 66A | - | €9,759 | +€9,759 | |
| Gross operating margin | 9900 | €12,673 | €5,101 | -€7,572 | -59.7% |
| Operating profit (loss) | 9901 | -€4,681 | -€18,947 | -€14,266 | -304.8% |
| Financial income | 75/76B | €3 | €127 | +€124 | +4805.4% |
| Recurring financial income | 75 | €3 | €127 | +€124 | +4805.4% |
| Financial charges | 65/66B | €455 | €1,480 | +€1,025 | +225.2% |
| Recurring financial charges | 65 | €455 | €1,480 | +€1,025 | +225.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,133 | -€20,299 | -€15,166 | -295.4% |
| Income taxes | 67/77 | €1,351 | €555 | -€796 | -58.9% |
| Profit (loss) for the period | 9904 | -€6,484 | -€20,854 | -€14,370 | -221.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,484 | -€20,854 | -€14,370 | -221.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.