NK LAW: 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.
NK LAW
Largest movements
- Receivables within one year +€60,644
up €60,644 (+146%), from €41,449 to €102,093
- Cash +€26,643
up €26,643 (+24.2%), from €109,974 to €136,617
mainly Net result for the year (+€100,904) and Trade debts (+€794)
- Profit (loss) carried forward +€100,904
up €100,904 (+82.1%), from €122,874 to €223,777
- Tax, wage and social debts -€12,483
down €12,483 (-50.1%), from €24,917 to €12,433
- Gross operating margin +€41,019
up €41,019 (+43.0%), from €95,408 to €136,426
- Taxes +€15,337
up €15,337 (+78.6%), from €19,522 to €34,859
- Financial income +€2,633
up €2,633 (+210%), from €1,256 to €3,889
- Other operating charges +€1,975
up €1,975 (+84.6%), from €2,334 to €4,310
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 | €151,423 | €239,837 | +€88,414 | +58.4% |
| Fixed assets | 21/28 | - | €1,127 | +€1,127 | |
| Tangible fixed assets | 22/27 | - | €1,127 | +€1,127 | |
| Plant, machinery and equipment | 23 | - | €1,127 | +€1,127 | |
| Current assets | 29/58 | €151,423 | €238,710 | +€87,287 | +57.6% |
| Amounts receivable within one year | 40/41 | €41,449 | €102,093 | +€60,644 | +146% |
| Other amounts receivable | 41 | €41,449 | €102,093 | +€60,644 | +146% |
| Cash at bank and in hand | 54/58 | €109,974 | €136,617 | +€26,643 | +24.2% |
| Total equity and liabilities | 10/49 | €151,423 | €239,837 | +€88,414 | +58.4% |
| Equity | 10/15 | €124,874 | €225,777 | +€100,904 | +80.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,874 | €223,777 | +€100,904 | +82.1% |
| Amounts payable | 17/49 | €26,549 | €14,060 | -€12,489 | -47.0% |
| Amounts payable within one year | 42/48 | €26,549 | €14,060 | -€12,489 | -47.0% |
| Trade debts | 44 | €833 | €1,627 | +€794 | +95.3% |
| Suppliers | 440/4 | €833 | €1,627 | +€794 | +95.3% |
| Taxes, remuneration and social security | 45 | €24,917 | €12,433 | -€12,483 | -50.1% |
| Taxes | 450/3 | €24,917 | €12,433 | -€12,483 | -50.1% |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €53 | +€53 | |
| Other operating charges | 640/8 | €2,334 | €4,310 | +€1,975 | +84.6% |
| Gross operating margin | 9900 | €95,408 | €136,426 | +€41,019 | +43.0% |
| Operating profit (loss) | 9901 | €93,073 | €132,064 | +€38,990 | +41.9% |
| Financial income | 75/76B | €1,256 | €3,889 | +€2,633 | +210% |
| Recurring financial income | 75 | €1,256 | €3,889 | +€2,633 | +210% |
| Financial charges | 65/66B | €161 | €190 | +€29 | +18.0% |
| Recurring financial charges | 65 | €161 | €190 | +€29 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €94,168 | €135,763 | +€41,595 | +44.2% |
| Income taxes | 67/77 | €19,522 | €34,859 | +€15,337 | +78.6% |
| Profit (loss) for the period | 9904 | €74,646 | €100,904 | +€26,258 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,646 | €100,904 | +€26,258 | +35.2% |
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 17 October 2026 via checked.be.