Nikolay: 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.
Nikolay
Largest movements
- Receivables within one year +€34,201
up €34,201 (+37.8%), from €90,440 to €124,641
of which Other amounts receivable: +€24,138
- Cash +€16,212
up €16,212 (+5800.9%), from €279 to €16,491
mainly Depreciation (+€28,531) and Stocks and contracts (+€11,000)
- Stocks and contracts -€11,000
down €11,000 (-64.7%), from €17,000 to €6,000
- Tangible fixed assets +€10,347
up €10,347 (+19.8%), from €52,145 to €62,492
of which Plant, machinery and equipment: +€12,074
- Short-term financial debts +€10,930
up €10,930 (+96.4%), from €11,335 to €22,265
- Profit (loss) carried forward +€10,725
up €10,725 (+242.1%), from €4,430 to €15,155
- Trade debts +€10,488
up €10,488 (+25.2%), from €41,681 to €52,169
- Debts after one year +€8,123
up €8,123 (+23.4%), from €34,722 to €42,846
- Current portion of long-term debt +€5,551
up €5,551 (+52.5%), from €10,581 to €16,133
- Gross operating margin +€35,199
up €35,199 (+20.7%), from €170,134 to €205,333
- Staff costs +€22,574
up €22,574 (+17.7%), from €127,432 to €150,006
- Depreciation +€15,383
up €15,383 (+117.0%), from €13,148 to €28,531
- Other operating charges -€4,105
down €4,105 (-75.3%), from €5,449 to €1,344
- Taxes +€2,664
up €2,664 (+58.9%), from €4,523 to €7,187
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,301 | €219,832 | +€48,531 | +28.3% |
| Fixed assets | 21/28 | €62,353 | €72,700 | +€10,347 | +16.6% |
| Tangible fixed assets | 22/27 | €52,145 | €62,492 | +€10,347 | +19.8% |
| Plant, machinery and equipment | 23 | €20,290 | €32,364 | +€12,074 | +59.5% |
| Furniture and vehicles | 24 | €15,393 | €12,543 | -€2,851 | -18.5% |
| Other tangible fixed assets | 26 | €16,461 | €17,585 | +€1,123 | +6.8% |
| Financial fixed assets | 28 | €10,208 | €10,208 | = | 0.0% |
| Current assets | 29/58 | €108,948 | €147,132 | +€38,185 | +35.0% |
| Stocks and contracts in progress | 3 | €17,000 | €6,000 | -€11,000 | -64.7% |
| Stocks | 30/36 | €17,000 | €6,000 | -€11,000 | -64.7% |
| Amounts receivable within one year | 40/41 | €90,440 | €124,641 | +€34,201 | +37.8% |
| Trade receivables | 40 | €65,712 | €75,775 | +€10,063 | +15.3% |
| Other amounts receivable | 41 | €24,728 | €48,866 | +€24,138 | +97.6% |
| Cash at bank and in hand | 54/58 | €279 | €16,491 | +€16,212 | +5800.9% |
| Deferred charges and accrued income | 490/1 | €1,228 | - | -€1,228 | |
| Total equity and liabilities | 10/49 | €171,301 | €219,832 | +€48,531 | +28.3% |
| Equity | 10/15 | €28,201 | €38,926 | +€10,725 | +38.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,771 | €3,771 | = | 0.0% |
| Non-distributable reserves | 130/1 | €205 | €205 | = | 0.0% |
| Reserves not available under the articles | 1311 | €205 | €205 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €3,566 | +€3,566 | |
| Distributable reserves | 133 | €3,566 | - | -€3,566 | |
| Profit (loss) carried forward | 14 | €4,430 | €15,155 | +€10,725 | +242.1% |
| Amounts payable | 17/49 | €143,100 | €180,906 | +€37,806 | +26.4% |
| Amounts payable after more than one year | 17 | €34,722 | €42,846 | +€8,123 | +23.4% |
| Financial debts | 170/4 | €34,722 | €42,846 | +€8,123 | +23.4% |
| Amounts payable within one year | 42/48 | €108,002 | €138,060 | +€30,058 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €10,581 | €16,133 | +€5,551 | +52.5% |
| Financial debts | 43 | €11,335 | €22,265 | +€10,930 | +96.4% |
| Credit institutions | 430/8 | €11,335 | €22,265 | +€10,930 | +96.4% |
| Trade debts | 44 | €41,681 | €52,169 | +€10,488 | +25.2% |
| Suppliers | 440/4 | €41,681 | €52,169 | +€10,488 | +25.2% |
| Taxes, remuneration and social security | 45 | €44,405 | €47,493 | +€3,088 | +7.0% |
| Taxes | 450/3 | €14,472 | €23,784 | +€9,313 | +64.4% |
| Remuneration and social security | 454/9 | €29,933 | €23,709 | -€6,224 | -20.8% |
| Accrued charges and deferred income | 492/3 | €375 | - | -€375 | |
| Remuneration, social security and pensions | 62 | €127,432 | €150,006 | +€22,574 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,148 | €28,531 | +€15,383 | +117.0% |
| Other operating charges | 640/8 | €5,449 | €1,344 | -€4,105 | -75.3% |
| Gross operating margin | 9900 | €170,134 | €205,333 | +€35,199 | +20.7% |
| Operating profit (loss) | 9901 | €24,105 | €25,452 | +€1,347 | +5.6% |
| Financial income | 75/76B | €932 | €25 | -€908 | -97.3% |
| Recurring financial income | 75 | €932 | €25 | -€908 | -97.3% |
| Financial charges | 65/66B | €6,696 | €7,565 | +€868 | +13.0% |
| Recurring financial charges | 65 | €6,696 | €7,565 | +€868 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €18,341 | €17,912 | -€429 | -2.3% |
| Income taxes | 67/77 | €4,523 | €7,187 | +€2,664 | +58.9% |
| Profit (loss) for the period | 9904 | €13,818 | €10,725 | -€3,093 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,818 | €10,725 | -€3,093 | -22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.