NK MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€35,354
up €35,354 (+191.8%), from €18,431 to €53,785
mainly Net result for the year (+€29,663) and Other debts (+€24,365)
- Tangible fixed assets +€12,612
new in 2025: €12,612
- Receivables within one year +€5,154
up €5,154 (+19.3%), from €26,688 to €31,841
of which Trade receivables: +€7,964
- Profit (loss) carried forward +€29,663
up €29,663 (+113.5%), from €26,130 to €55,793
- Other debts +€24,365
up €24,365 (+24355.7%), from €100 to €24,465
- Trade debts -€1,010
down €1,010 (-63.2%), from €1,598 to €588
- Gross operating margin +€9,845
up €9,845 (+30.1%), from €32,696 to €42,541
- Depreciation +€3,888
new in 2025: €3,888
- Taxes +€1,894
up €1,894 (+29.0%), from €6,540 to €8,434
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 | €45,119 | €98,820 | +€53,702 | +119.0% |
| Fixed assets | 21/28 | - | €13,194 | +€13,194 | |
| Tangible fixed assets | 22/27 | - | €12,612 | +€12,612 | |
| Furniture and vehicles | 24 | - | €12,612 | +€12,612 | |
| Financial fixed assets | 28 | - | €582 | +€582 | |
| Current assets | 29/58 | €45,119 | €85,626 | +€40,507 | +89.8% |
| Amounts receivable within one year | 40/41 | €26,688 | €31,841 | +€5,154 | +19.3% |
| Trade receivables | 40 | €23,479 | €31,443 | +€7,964 | +33.9% |
| Other amounts receivable | 41 | €3,208 | €398 | -€2,810 | -87.6% |
| Cash at bank and in hand | 54/58 | €18,431 | €53,785 | +€35,354 | +191.8% |
| Total equity and liabilities | 10/49 | €45,119 | €98,820 | +€53,702 | +119.0% |
| Equity | 10/15 | €29,130 | €58,793 | +€29,663 | +101.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,130 | €55,793 | +€29,663 | +113.5% |
| Amounts payable | 17/49 | €15,989 | €40,027 | +€24,039 | +150.4% |
| Amounts payable within one year | 42/48 | €15,989 | €40,027 | +€24,039 | +150.4% |
| Trade debts | 44 | €1,598 | €588 | -€1,010 | -63.2% |
| Suppliers | 440/4 | €1,598 | €588 | -€1,010 | -63.2% |
| Taxes, remuneration and social security | 45 | €14,291 | €14,974 | +€683 | +4.8% |
| Taxes | 450/3 | €14,291 | €14,974 | +€683 | +4.8% |
| Other amounts payable | 47/48 | €100 | €24,465 | +€24,365 | +24355.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,888 | +€3,888 | |
| Other operating charges | 640/8 | - | €406 | +€406 | |
| Gross operating margin | 9900 | €32,696 | €42,541 | +€9,845 | +30.1% |
| Operating profit (loss) | 9901 | €32,696 | €38,247 | +€5,551 | +17.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €25 | €150 | +€125 | +491.0% |
| Recurring financial charges | 65 | €25 | €150 | +€125 | +491.0% |
| Profit (loss) for the period before taxes | 9903 | €32,671 | €38,097 | +€5,426 | +16.6% |
| Income taxes | 67/77 | €6,540 | €8,434 | +€1,894 | +29.0% |
| Profit (loss) for the period | 9904 | €26,130 | €29,663 | +€3,532 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,130 | €29,663 | +€3,532 | +13.5% |
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 5 October 2026 via checked.be.