NIKWIST: 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.
NIKWIST
Largest movements
- Cash +€37,105
up €37,105 (+154.3%), from €24,053 to €61,158
mainly Net result for the year (+€41,614) and Tax, wage and social debts (+€14,315)
- Receivables within one year +€17,801
up €17,801 (+93.3%), from €19,082 to €36,882
- Tangible fixed assets -€1,122
down €1,122 (-33.6%), from €3,335 to €2,213
- Profit (loss) carried forward +€41,614
up €41,614 (+192.4%), from €21,633 to €63,247
- Tax, wage and social debts +€14,315
up €14,315 (+135.9%), from €10,533 to €24,847
- Trade debts -€2,104
down €2,104 (-48.1%), from €4,372 to €2,268
- Gross operating margin +€26,277
up €26,277 (+96.1%), from €27,340 to €53,617
- Taxes +€5,229
up €5,229 (+95.0%), from €5,504 to €10,733
- Depreciation +€1,091
up €1,091 (+3549.6%), from €31 to €1,122
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 | €52,538 | €107,046 | +€54,508 | +103.7% |
| Fixed assets | 21/28 | €4,435 | €3,313 | -€1,122 | -25.3% |
| Tangible fixed assets | 22/27 | €3,335 | €2,213 | -€1,122 | -33.6% |
| Plant, machinery and equipment | 23 | €3,335 | €2,213 | -€1,122 | -33.6% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €48,103 | €103,733 | +€55,630 | +115.6% |
| Amounts receivable within one year | 40/41 | €19,082 | €36,882 | +€17,801 | +93.3% |
| Trade receivables | 40 | €19,082 | €36,882 | +€17,801 | +93.3% |
| Cash at bank and in hand | 54/58 | €24,053 | €61,158 | +€37,105 | +154.3% |
| Deferred charges and accrued income | 490/1 | €4,968 | €5,693 | +€725 | +14.6% |
| Total equity and liabilities | 10/49 | €52,538 | €107,046 | +€54,508 | +103.7% |
| Equity | 10/15 | €37,633 | €79,247 | +€41,614 | +110.6% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,633 | €63,247 | +€41,614 | +192.4% |
| Amounts payable | 17/49 | €14,905 | €27,799 | +€12,894 | +86.5% |
| Amounts payable within one year | 42/48 | €14,905 | €27,115 | +€12,210 | +81.9% |
| Trade debts | 44 | €4,372 | €2,268 | -€2,104 | -48.1% |
| Suppliers | 440/4 | €4,372 | €2,268 | -€2,104 | -48.1% |
| Taxes, remuneration and social security | 45 | €10,533 | €24,847 | +€14,315 | +135.9% |
| Taxes | 450/3 | €10,533 | €24,847 | +€14,315 | +135.9% |
| Accrued charges and deferred income | 492/3 | - | €684 | +€684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31 | €1,122 | +€1,091 | +3549.6% |
| Other operating charges | 640/8 | €143 | €101 | -€43 | -29.7% |
| Gross operating margin | 9900 | €27,340 | €53,617 | +€26,277 | +96.1% |
| Operating profit (loss) | 9901 | €27,166 | €52,395 | +€25,229 | +92.9% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €29 | €70 | +€41 | +142.1% |
| Recurring financial charges | 65 | €29 | €70 | +€41 | +142.1% |
| Profit (loss) for the period before taxes | 9903 | €27,137 | €52,347 | +€25,210 | +92.9% |
| Income taxes | 67/77 | €5,504 | €10,733 | +€5,229 | +95.0% |
| Profit (loss) for the period | 9904 | €21,633 | €41,614 | +€19,981 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,633 | €41,614 | +€19,981 | +92.4% |
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 12 October 2026 via checked.be.