NIKORT: 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.
NIKORT
Largest movements
- Cash +€17,886
up €17,886 (+1,378%), from €1,298 to €19,184
mainly Trade debts (+€18,233) and Depreciation (+€8,853)
- Receivables within one year +€10,975
up €10,975 (+38.5%), from €28,494 to €39,469
of which Other amounts receivable: +€7,863
- Tangible fixed assets -€8,853
down €8,853 (-5.5%), from €159,819 to €150,965
of which Other tangible fixed assets: -€8,853
- Trade debts +€18,233
up €18,233 (+1,329%), from €1,372 to €19,605
- Debts after one year -€5,149
down €5,149 (-5.7%), from €90,107 to €84,958
- Profit (loss) carried forward +€3,874
up €3,874 (+9.0%), from -€43,118 to -€39,244
- Gross operating margin +€14,504
up €14,504 (+1,996%), from €727 to €15,231
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 | €191,051 | €211,150 | +€20,099 | +10.5% |
| Fixed assets | 21/28 | €159,819 | €150,965 | -€8,853 | -5.5% |
| Tangible fixed assets | 22/27 | €159,819 | €150,965 | -€8,853 | -5.5% |
| Land and buildings | 22 | €74,428 | €74,428 | = | 0.0% |
| Furniture and vehicles | 24 | €48,850 | €48,850 | = | 0.0% |
| Other tangible fixed assets | 26 | €36,541 | €27,687 | -€8,853 | -24.2% |
| Current assets | 29/58 | €31,232 | €60,184 | +€28,952 | +92.7% |
| Amounts receivable within one year | 40/41 | €28,494 | €39,469 | +€10,975 | +38.5% |
| Trade receivables | 40 | €8,018 | €11,131 | +€3,113 | +38.8% |
| Other amounts receivable | 41 | €20,475 | €28,338 | +€7,863 | +38.4% |
| Cash at bank and in hand | 54/58 | €1,298 | €19,184 | +€17,886 | +1,378% |
| Deferred charges and accrued income | 490/1 | €1,440 | €1,531 | +€91 | +6.3% |
| Total equity and liabilities | 10/49 | €191,051 | €211,150 | +€20,099 | +10.5% |
| Equity | 10/15 | €61,280 | €65,154 | +€3,874 | +6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,198 | €98,198 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,338 | €96,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,118 | -€39,244 | +€3,874 | +9.0% |
| Amounts payable | 17/49 | €129,771 | €145,996 | +€16,225 | +12.5% |
| Amounts payable after more than one year | 17 | €90,107 | €84,958 | -€5,149 | -5.7% |
| Financial debts | 170/4 | €90,107 | €84,958 | -€5,149 | -5.7% |
| Amounts payable within one year | 42/48 | €37,120 | €57,164 | +€20,045 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €5,078 | €5,149 | +€71 | +1.4% |
| Trade debts | 44 | €1,372 | €19,605 | +€18,233 | +1,329% |
| Suppliers | 440/4 | €1,372 | €19,605 | +€18,233 | +1,329% |
| Taxes, remuneration and social security | 45 | €954 | €2,695 | +€1,741 | +182% |
| Taxes | 450/3 | €954 | €2,695 | +€1,741 | +182% |
| Other amounts payable | 47/48 | €29,715 | €29,715 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,544 | €3,874 | +€1,330 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,853 | €8,853 | = | 0.0% |
| Other operating charges | 640/8 | €895 | €919 | +€24 | +2.7% |
| Gross operating margin | 9900 | €727 | €15,231 | +€14,504 | +1,996% |
| Operating profit (loss) | 9901 | -€9,021 | €5,459 | +€14,480 | |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €1,689 | €1,615 | -€74 | -4.4% |
| Recurring financial charges | 65 | €1,689 | €1,615 | -€74 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,711 | €3,874 | +€14,584 | |
| Profit (loss) for the period | 9904 | -€10,711 | €3,874 | +€14,584 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,711 | €3,874 | +€14,584 |
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 29 October 2026 via checked.be.