NK ASSOCIATES: what changed
NK ASSOCIATES
Largest movements
- Receivables within one year +€10,164
up €10,164 (+83.3%), from €12,197 to €22,361
- Cash -€9,516
down €9,516 (-84.5%), from €11,263 to €1,747
mainly Other debts (-€19,724) and Receivables within one year (-€10,164)
- Tangible fixed assets -€1,810
down €1,810 (-26.5%), from €6,825 to €5,016
of which Furniture and vehicles: -€1,300
- Deferred charges and accrued income -€1,036
down €1,036 (-62.1%), from €1,668 to €632
- Other debts -€19,724
down €19,724 (-69.0%), from €28,597 to €8,873
- Profit (loss) carried forward +€18,442
no longer reported in 2025 (was -€18,442)
- Trade debts -€5,888
down €5,888 (-66.5%), from €8,860 to €2,973
- Tax, wage and social debts +€3,202
up €3,202 (+51.7%), from €6,193 to €9,395
of which Remuneration and social security: +€2,250
- Reserves +€1,770
up €1,770 (+325%), from €545 to €2,315
of which Distributable reserves: +€1,770
- Gross operating margin +€19,704
up €19,704 (+146%), from €13,481 to €33,185
- Taxes +€3,198
up €3,198 (+1,359%), from €235 to €3,434
- Other operating charges -€847
down €847 (-29.7%), from €2,849 to €2,002
- Financial charges +€381
up €381 (+14.3%), from €2,660 to €3,041
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,953 | €29,755 | -€2,198 | -6.9% |
| Fixed assets | 21/28 | €6,825 | €5,016 | -€1,810 | -26.5% |
| Tangible fixed assets | 22/27 | €6,825 | €5,016 | -€1,810 | -26.5% |
| Furniture and vehicles | 24 | €4,448 | €3,148 | -€1,300 | -29.2% |
| Other tangible fixed assets | 26 | €2,377 | €1,867 | -€510 | -21.5% |
| Current assets | 29/58 | €25,128 | €24,739 | -€389 | -1.5% |
| Amounts receivable within one year | 40/41 | €12,197 | €22,361 | +€10,164 | +83.3% |
| Trade receivables | 40 | €12,197 | €22,361 | +€10,164 | +83.3% |
| Cash at bank and in hand | 54/58 | €11,263 | €1,747 | -€9,516 | -84.5% |
| Deferred charges and accrued income | 490/1 | €1,668 | €632 | -€1,036 | -62.1% |
| Total equity and liabilities | 10/49 | €31,953 | €29,755 | -€2,198 | -6.9% |
| Equity | 10/15 | -€11,697 | €8,515 | +€20,211 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €545 | €2,315 | +€1,770 | +325% |
| Non-distributable reserves | 130/1 | €545 | €545 | = | 0.0% |
| Reserves not available under the articles | 1311 | €545 | €545 | = | 0.0% |
| Distributable reserves | 133 | - | €1,770 | +€1,770 | |
| Profit (loss) carried forward | 14 | -€18,442 | - | +€18,442 | |
| Amounts payable | 17/49 | €43,650 | €21,240 | -€22,409 | -51.3% |
| Amounts payable within one year | 42/48 | €43,650 | €21,240 | -€22,409 | -51.3% |
| Trade debts | 44 | €8,860 | €2,973 | -€5,888 | -66.5% |
| Suppliers | 440/4 | €8,860 | €2,973 | -€5,888 | -66.5% |
| Taxes, remuneration and social security | 45 | €6,193 | €9,395 | +€3,202 | +51.7% |
| Taxes | 450/3 | €6,193 | €7,145 | +€952 | +15.4% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €28,597 | €8,873 | -€19,724 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,003 | €2,999 | -€4 | -0.1% |
| Other operating charges | 640/8 | €2,849 | €2,002 | -€847 | -29.7% |
| Gross operating margin | 9900 | €13,481 | €33,185 | +€19,704 | +146% |
| Operating profit (loss) | 9901 | €7,629 | €28,184 | +€20,555 | +269% |
| Financial income | 75/76B | €163 | €168 | +€5 | +3.0% |
| Recurring financial income | 75 | €163 | €168 | +€5 | +3.0% |
| Financial charges | 65/66B | €2,660 | €3,041 | +€381 | +14.3% |
| Recurring financial charges | 65 | €2,660 | €3,041 | +€381 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €5,133 | €25,311 | +€20,179 | +393% |
| Income taxes | 67/77 | €235 | €3,434 | +€3,198 | +1,359% |
| Profit (loss) for the period | 9904 | €4,897 | €21,877 | +€16,980 | +347% |
| Profit (loss) for the period to be appropriated | 9905 | €4,897 | €21,877 | +€16,980 | +347% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.