"NK": 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.
"NK"
Largest movements
- Tangible fixed assets +€929,123
up €929,123 (+97.0%), from €957,799 to €1.9m
of which Land and buildings: +€467,859
- Other debts +€968,365
up €968,365 (+17021.0%), from €5,689 to €974,054
- Profit (loss) carried forward -€22,987
down €22,987 (-20.6%), from -€111,849 to -€134,836
- Gross operating margin -€81,629
down €81,629 (-48.7%), from €167,741 to €86,113
- Other operating charges -€18,198
down €18,198 (-94.3%), from €19,304 to €1,106
- Depreciation +€16,262
up €16,262 (+18.1%), from €89,838 to €106,100
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 | €1,130,694 | €2,068,699 | +€938,005 | +83.0% |
| Fixed assets | 21/28 | €957,799 | €1,886,922 | +€929,123 | +97.0% |
| Tangible fixed assets | 22/27 | €957,799 | €1,886,922 | +€929,123 | +97.0% |
| Land and buildings | 22 | €343,493 | €811,352 | +€467,859 | +136.2% |
| Other tangible fixed assets | 26 | €614,306 | €1,075,571 | +€461,265 | +75.1% |
| Current assets | 29/58 | €172,895 | €181,776 | +€8,881 | +5.1% |
| Amounts receivable within one year | 40/41 | €142,173 | €142,173 | = | 0.0% |
| Trade receivables | 40 | €142,173 | €142,173 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,121 | €36,002 | +€7,881 | +28.0% |
| Deferred charges and accrued income | 490/1 | €2,602 | €3,602 | +€1,000 | +38.4% |
| Total equity and liabilities | 10/49 | €1,130,694 | €2,068,699 | +€938,005 | +83.0% |
| Equity | 10/15 | -€109,849 | -€132,836 | -€22,987 | -20.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,849 | -€134,836 | -€22,987 | -20.6% |
| Amounts payable | 17/49 | €1,240,543 | €2,201,535 | +€960,991 | +77.5% |
| Amounts payable after more than one year | 17 | €1,189,163 | €1,173,465 | -€15,697 | -1.3% |
| Financial debts | 170/4 | €169,722 | €154,024 | -€15,697 | -9.2% |
| Other amounts payable | 178/9 | €1,019,441 | €1,019,441 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,381 | €1,028,069 | +€976,688 | +1900.9% |
| Current portion of amounts payable after more than one year | 42 | €15,547 | €15,697 | +€150 | +1.0% |
| Trade debts | 44 | €30,145 | €38,318 | +€8,173 | +27.1% |
| Suppliers | 440/4 | €30,145 | €38,318 | +€8,173 | +27.1% |
| Other amounts payable | 47/48 | €5,689 | €974,054 | +€968,365 | +17021.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,838 | €106,100 | +€16,262 | +18.1% |
| Other operating charges | 640/8 | €19,304 | €1,106 | -€18,198 | -94.3% |
| Gross operating margin | 9900 | €167,741 | €86,113 | -€81,629 | -48.7% |
| Operating profit (loss) | 9901 | €58,599 | -€21,094 | -€79,692 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,071 | €1,893 | -€178 | -8.6% |
| Recurring financial charges | 65 | €2,071 | €1,893 | -€178 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €56,528 | -€22,987 | -€79,514 | |
| Profit (loss) for the period | 9904 | €56,528 | -€22,987 | -€79,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,528 | -€22,987 | -€79,514 |
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 3 October 2026 via checked.be.