NKAI: 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.
NKAI
Largest movements
- Cash -€55,225
down €55,225 (-80.0%), from €69,033 to €13,808
mainly Contributions, distributions and other (-€61,176) and Receivables within one year (-€39,474)
- Receivables within one year +€39,474
up €39,474 (+241.1%), from €16,374 to €55,848
of which Other amounts receivable: +€38,442
- Tangible fixed assets +€6,580
up €6,580 (+3612.8%), from €182 to €6,763
- Profit (loss) carried forward -€30,260
down €30,260 (-61.0%), from €49,627 to €19,366
- Other debts +€17,769
up €17,769 (+682.0%), from €2,605 to €20,374
- Short-term financial debts +€3,847
new in 2025: €3,847
- Tax, wage and social debts -€2,135
down €2,135 (-8.9%), from €23,955 to €21,820
of which Remuneration and social security: -€3,250
- Trade debts +€1,416
up €1,416 (+82.8%), from €1,710 to €3,127
- Gross operating margin +€14,743
up €14,743 (+61.4%), from €24,028 to €38,771
- Taxes +€3,849
up €3,849 (+71.2%), from €5,407 to €9,256
- Financial income +€3,281
up €3,281 (+48173.6%), from €7 to €3,287
- Depreciation +€652
up €652 (+321.6%), from €203 to €854
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 | €88,185 | €78,535 | -€9,650 | -10.9% |
| Fixed assets | 21/28 | €822 | €7,203 | +€6,380 | +776.1% |
| Tangible fixed assets | 22/27 | €182 | €6,763 | +€6,580 | +3612.8% |
| Furniture and vehicles | 24 | €182 | €6,763 | +€6,580 | +3612.8% |
| Financial fixed assets | 28 | €640 | €440 | -€200 | -31.3% |
| Current assets | 29/58 | €87,363 | €71,332 | -€16,030 | -18.3% |
| Amounts receivable within one year | 40/41 | €16,374 | €55,848 | +€39,474 | +241.1% |
| Trade receivables | 40 | €16,374 | €17,406 | +€1,032 | +6.3% |
| Other amounts receivable | 41 | - | €38,442 | +€38,442 | |
| Cash at bank and in hand | 54/58 | €69,033 | €13,808 | -€55,225 | -80.0% |
| Deferred charges and accrued income | 490/1 | €1,956 | €1,676 | -€280 | -14.3% |
| Total equity and liabilities | 10/49 | €88,185 | €78,535 | -€9,650 | -10.9% |
| Equity | 10/15 | €59,627 | €29,366 | -€30,260 | -50.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,627 | €19,366 | -€30,260 | -61.0% |
| Amounts payable | 17/49 | €28,558 | €49,169 | +€20,610 | +72.2% |
| Amounts payable within one year | 42/48 | €28,271 | €49,169 | +€20,898 | +73.9% |
| Financial debts | 43 | - | €3,847 | +€3,847 | |
| Credit institutions | 430/8 | - | €3,847 | +€3,847 | |
| Trade debts | 44 | €1,710 | €3,127 | +€1,416 | +82.8% |
| Suppliers | 440/4 | €1,710 | €3,127 | +€1,416 | +82.8% |
| Taxes, remuneration and social security | 45 | €23,955 | €21,820 | -€2,135 | -8.9% |
| Taxes | 450/3 | €20,705 | €21,820 | +€1,115 | +5.4% |
| Remuneration and social security | 454/9 | €3,250 | - | -€3,250 | |
| Other amounts payable | 47/48 | €2,605 | €20,374 | +€17,769 | +682.0% |
| Accrued charges and deferred income | 492/3 | €287 | - | -€287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203 | €854 | +€652 | +321.6% |
| Other operating charges | 640/8 | €623 | €641 | +€18 | +2.8% |
| Gross operating margin | 9900 | €24,028 | €38,771 | +€14,743 | +61.4% |
| Operating profit (loss) | 9901 | €23,202 | €37,276 | +€14,074 | +60.7% |
| Financial income | 75/76B | €7 | €3,287 | +€3,281 | +48173.6% |
| Recurring financial income | 75 | €7 | €3,287 | +€3,281 | +48173.6% |
| Financial charges | 65/66B | €413 | €391 | -€22 | -5.3% |
| Recurring financial charges | 65 | €413 | €391 | -€22 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €22,796 | €40,172 | +€17,376 | +76.2% |
| Income taxes | 67/77 | €5,407 | €9,256 | +€3,849 | +71.2% |
| Profit (loss) for the period | 9904 | €17,389 | €30,916 | +€13,528 | +77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,389 | €30,916 | +€13,528 | +77.8% |
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 4 October 2026 via checked.be.