NK PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year -€11,248
down €11,248 (-50.1%), from €22,437 to €11,190
of which Trade receivables: -€6,547
- Stocks and contracts +€8,318
up €8,318 (+72.4%), from €11,488 to €19,806
- Tangible fixed assets -€2,049
down €2,049 (-38.8%), from €5,282 to €3,233
- Deferred charges and accrued income +€625
up €625 (+89.5%), from €698 to €1,323
- Other debts -€31,688
down €31,688 (-38.1%), from €83,089 to €51,401
- Profit (loss) carried forward +€15,956
up €15,956 (+20.4%), from -€78,281 to -€62,325
- Short-term financial debts +€8,745
up €8,745 (+69.4%), from €12,602 to €21,346
- Tax, wage and social debts +€3,547
up €3,547 (+1,265%), from €280 to €3,827
- Trade debts -€1,001
down €1,001 (-12.6%), from €7,956 to €6,955
- Gross operating margin +€20,781
up €20,781 (+557%), from €3,734 to €24,515
- Taxes +€3,089
up €3,089 (+1,102%), from €280 to €3,369
- Depreciation -€1,675
down €1,675 (-45.0%), from €3,724 to €2,049
- Financial charges -€1,198
down €1,198 (-28.0%), from €4,271 to €3,073
- Other operating charges -€504
down €504 (-47.5%), from €1,061 to €557
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,906 | €35,552 | -€4,354 | -10.9% |
| Fixed assets | 21/28 | €5,282 | €3,233 | -€2,049 | -38.8% |
| Tangible fixed assets | 22/27 | €5,282 | €3,233 | -€2,049 | -38.8% |
| Land and buildings | 22 | €1,785 | €1,411 | -€374 | -20.9% |
| Plant, machinery and equipment | 23 | €839 | €51 | -€788 | -94.0% |
| Furniture and vehicles | 24 | €2,658 | €1,771 | -€887 | -33.4% |
| Current assets | 29/58 | €34,623 | €32,318 | -€2,305 | -6.7% |
| Stocks and contracts in progress | 3 | €11,488 | €19,806 | +€8,318 | +72.4% |
| Stocks | 30/36 | €11,488 | €19,806 | +€8,318 | +72.4% |
| Amounts receivable within one year | 40/41 | €22,437 | €11,190 | -€11,248 | -50.1% |
| Trade receivables | 40 | €15,124 | €8,577 | -€6,547 | -43.3% |
| Other amounts receivable | 41 | €7,313 | €2,612 | -€4,700 | -64.3% |
| Deferred charges and accrued income | 490/1 | €698 | €1,323 | +€625 | +89.5% |
| Total equity and liabilities | 10/49 | €39,906 | €35,552 | -€4,354 | -10.9% |
| Equity | 10/15 | -€64,021 | -€48,065 | +€15,956 | +24.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,281 | -€62,325 | +€15,956 | +20.4% |
| Amounts payable | 17/49 | €103,926 | €83,616 | -€20,310 | -19.5% |
| Amounts payable within one year | 42/48 | €103,926 | €83,529 | -€20,397 | -19.6% |
| Financial debts | 43 | €12,602 | €21,346 | +€8,745 | +69.4% |
| Other loans | 439 | €12,602 | €21,346 | +€8,745 | +69.4% |
| Trade debts | 44 | €7,956 | €6,955 | -€1,001 | -12.6% |
| Suppliers | 440/4 | €7,956 | €6,955 | -€1,001 | -12.6% |
| Taxes, remuneration and social security | 45 | €280 | €3,827 | +€3,547 | +1,265% |
| Taxes | 450/3 | €280 | €3,827 | +€3,547 | +1,265% |
| Other amounts payable | 47/48 | €83,089 | €51,401 | -€31,688 | -38.1% |
| Accrued charges and deferred income | 492/3 | - | €87 | +€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,724 | €2,049 | -€1,675 | -45.0% |
| Other operating charges | 640/8 | €1,061 | €557 | -€504 | -47.5% |
| Gross operating margin | 9900 | €3,734 | €24,515 | +€20,781 | +557% |
| Operating profit (loss) | 9901 | -€1,051 | €21,910 | +€22,960 | |
| Financial income | 75/76B | €919 | €489 | -€430 | -46.8% |
| Recurring financial income | 75 | €919 | €489 | -€430 | -46.8% |
| Financial charges | 65/66B | €4,271 | €3,073 | -€1,198 | -28.0% |
| Recurring financial charges | 65 | €4,271 | €3,073 | -€1,198 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,403 | €19,325 | +€23,728 | |
| Income taxes | 67/77 | €280 | €3,369 | +€3,089 | +1,102% |
| Profit (loss) for the period | 9904 | -€4,683 | €15,956 | +€20,639 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,683 | €15,956 | +€20,639 |
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 13 October 2026 via checked.be.