NK PROJECT: 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 PROJECT
Largest movements
- Deferred charges and accrued income +€8,281
up €8,281 (+624.6%), from €1,326 to €9,607
- Receivables within one year +€6,108
up €6,108 (+7.9%), from €77,593 to €83,701
of which Other amounts receivable: +€57,630
- Tangible fixed assets -€4,844
down €4,844 (-73.1%), from €6,630 to €1,786
of which Leasing and similar rights: -€5,682
- Cash +€4,447
up €4,447 (+117.9%), from €3,772 to €8,219
mainly Debts after one year (+€31,923) and Current portion of long-term debt (+€6,099)
- Debts after one year +€31,923
new in 2025: €31,923
- Other debts -€17,394
no longer reported in 2025 (was €17,394)
- Current portion of long-term debt +€6,099
up €6,099 (+445.8%), from €1,368 to €7,467
- Trade debts -€5,033
down €5,033 (-64.4%), from €7,815 to €2,782
- Tax, wage and social debts -€2,210
down €2,210 (-29.3%), from €7,553 to €5,343
of which Taxes: -€3,210
- Turnover +€105,000
new in 2025: €105,000
- Purchases and services +€95,079
new in 2025: €95,079
- Taxes -€10,112
down €10,112 (-85.1%), from €11,887 to €1,775
- Depreciation -€7,131
down €7,131 (-94.7%), from €7,532 to €401
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 | €89,320 | €103,313 | +€13,993 | +15.7% |
| Fixed assets | 21/28 | €6,630 | €1,786 | -€4,844 | -73.1% |
| Tangible fixed assets | 22/27 | €6,630 | €1,786 | -€4,844 | -73.1% |
| Plant, machinery and equipment | 23 | €680 | €680 | = | 0.0% |
| Furniture and vehicles | 24 | €269 | €1,106 | +€837 | +311.8% |
| Leasing and similar rights | 25 | €5,682 | - | -€5,682 | |
| Current assets | 29/58 | €82,690 | €101,527 | +€18,837 | +22.8% |
| Amounts receivable within one year | 40/41 | €77,593 | €83,701 | +€6,108 | +7.9% |
| Trade receivables | 40 | €75,689 | €24,167 | -€51,522 | -68.1% |
| Other amounts receivable | 41 | €1,904 | €59,534 | +€57,630 | +3026.9% |
| Cash at bank and in hand | 54/58 | €3,772 | €8,219 | +€4,447 | +117.9% |
| Deferred charges and accrued income | 490/1 | €1,326 | €9,607 | +€8,281 | +624.6% |
| Total equity and liabilities | 10/49 | €89,320 | €103,313 | +€13,993 | +15.7% |
| Equity | 10/15 | €55,168 | €55,793 | +€625 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €930 | €930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Legal reserve | 130 | €930 | €930 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,638 | €36,263 | +€625 | +1.8% |
| Amounts payable | 17/49 | €34,153 | €47,520 | +€13,367 | +39.1% |
| Amounts payable after more than one year | 17 | - | €31,923 | +€31,923 | |
| Financial debts | 170/4 | - | €31,923 | +€31,923 | |
| Amounts payable within one year | 42/48 | €34,130 | €15,597 | -€18,533 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €1,368 | €7,467 | +€6,099 | +445.8% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €7,815 | €2,782 | -€5,033 | -64.4% |
| Suppliers | 440/4 | €7,815 | €2,782 | -€5,033 | -64.4% |
| Taxes, remuneration and social security | 45 | €7,553 | €5,343 | -€2,210 | -29.3% |
| Taxes | 450/3 | €7,553 | €4,343 | -€3,210 | -42.5% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €17,394 | - | -€17,394 | |
| Accrued charges and deferred income | 492/3 | €23 | - | -€23 | |
| Turnover | 70 | - | €105,000 | +€105,000 | |
| Non-recurring operating income | 76A | - | €12,478 | +€12,478 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €95,079 | +€95,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,532 | €401 | -€7,131 | -94.7% |
| Other operating charges | 640/8 | €3,600 | €3,074 | -€526 | -14.6% |
| Non-recurring operating charges | 66A | - | €18,404 | +€18,404 | |
| Gross operating margin | 9900 | €25,006 | €24,716 | -€290 | -1.2% |
| Operating profit (loss) | 9901 | €13,873 | €2,837 | -€11,036 | -79.6% |
| Financial income | 75/76B | €1 | €1 | +€0 | +26.6% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +26.6% |
| Financial charges | 65/66B | €603 | €437 | -€166 | -27.6% |
| Recurring financial charges | 65 | €603 | €437 | -€166 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €13,271 | €2,401 | -€10,870 | -81.9% |
| Income taxes | 67/77 | €11,887 | €1,775 | -€10,112 | -85.1% |
| Profit (loss) for the period | 9904 | €1,384 | €626 | -€758 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,384 | €626 | -€758 | -54.8% |
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 10 October 2026 via checked.be.