nKot: 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.
nKot
Largest movements
- Receivables within one year +€54,592
up €54,592 (+69.6%), from €78,493 to €133,085
of which Trade receivables: +€54,592
- Tangible fixed assets -€23,817
down €23,817 (-5.2%), from €455,512 to €431,695
of which Land and buildings: -€21,753
- Advances received -€44,785
down €44,785 (-62.6%), from €71,567 to €26,782
- Trade debts +€42,426
up €42,426 (+194%), from €21,824 to €64,250
- Profit (loss) carried forward +€20,358
up €20,358 (+2.7%), from -€740,451 to -€720,093
- Debts after one year -€15,306
down €15,306 (-1.5%), from €1.0m to €994,246
- Depreciation -€9,757
down €9,757 (-22.6%), from €43,109 to €33,352
- Gross operating margin -€9,034
down €9,034 (-8.8%), from €102,277 to €93,242
- Write-downs -€4,852
no longer reported in 2025 (was €4,852)
- Other operating charges -€3,324
down €3,324 (-16.6%), from €20,082 to €16,758
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 | €1,376,112 | €1,396,039 | +€19,928 | +1.4% |
| Fixed assets | 21/28 | €514,997 | €481,645 | -€33,352 | -6.5% |
| Intangible fixed assets | 21 | €54,636 | €45,101 | -€9,535 | -17.5% |
| Tangible fixed assets | 22/27 | €455,512 | €431,695 | -€23,817 | -5.2% |
| Land and buildings | 22 | €448,148 | €426,395 | -€21,753 | -4.9% |
| Plant, machinery and equipment | 23 | €5,114 | €3,874 | -€1,240 | -24.2% |
| Furniture and vehicles | 24 | €2,249 | €1,426 | -€823 | -36.6% |
| Financial fixed assets | 28 | €4,849 | €4,849 | = | 0.0% |
| Current assets | 29/58 | €861,115 | €914,394 | +€53,279 | +6.2% |
| Stocks and contracts in progress | 3 | €776,764 | €776,764 | = | 0.0% |
| Stocks | 30/36 | €626,911 | €626,911 | = | 0.0% |
| Contracts in progress | 37 | €149,853 | €149,853 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,493 | €133,085 | +€54,592 | +69.6% |
| Trade receivables | 40 | €77,865 | €132,457 | +€54,592 | +70.1% |
| Other amounts receivable | 41 | €628 | €628 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,233 | €1,032 | -€2,202 | -68.1% |
| Deferred charges and accrued income | 490/1 | €2,625 | €3,514 | +€889 | +33.9% |
| Total equity and liabilities | 10/49 | €1,376,112 | €1,396,039 | +€19,928 | +1.4% |
| Equity | 10/15 | €80,923 | €101,281 | +€20,358 | +25.2% |
| Contributions | 10/11 | €787,411 | €787,411 | = | 0.0% |
| Reserves | 13 | €33,964 | €33,964 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,572 | €28,572 | = | 0.0% |
| Distributable reserves | 133 | €5,392 | €5,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€740,451 | -€720,093 | +€20,358 | +2.7% |
| Amounts payable | 17/49 | €1,295,189 | €1,294,758 | -€431 | 0.0% |
| Amounts payable after more than one year | 17 | €1,009,552 | €994,246 | -€15,306 | -1.5% |
| Financial debts | 170/4 | €1,009,552 | €994,246 | -€15,306 | -1.5% |
| Amounts payable within one year | 42/48 | €282,572 | €297,667 | +€15,095 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €29,667 | €26,976 | -€2,690 | -9.1% |
| Financial debts | 43 | €150,000 | €160,312 | +€10,312 | +6.9% |
| Credit institutions | 430/8 | €150,000 | €160,312 | +€10,312 | +6.9% |
| Trade debts | 44 | €21,824 | €64,250 | +€42,426 | +194% |
| Suppliers | 440/4 | €21,824 | €64,250 | +€42,426 | +194% |
| Advances received on contracts in progress | 46 | €71,567 | €26,782 | -€44,785 | -62.6% |
| Taxes, remuneration and social security | 45 | €4,457 | €14,290 | +€9,832 | +221% |
| Taxes | 450/3 | €4,457 | €14,290 | +€9,832 | +221% |
| Other amounts payable | 47/48 | €5,057 | €5,057 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,065 | €2,845 | -€220 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,109 | €33,352 | -€9,757 | -22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,852 | - | -€4,852 | |
| Other operating charges | 640/8 | €20,082 | €16,758 | -€3,324 | -16.6% |
| Gross operating margin | 9900 | €102,277 | €93,242 | -€9,034 | -8.8% |
| Operating profit (loss) | 9901 | €34,234 | €43,132 | +€8,898 | +26.0% |
| Financial income | 75/76B | €0 | €24 | +€24 | +244,200% |
| Recurring financial income | 75 | €0 | €24 | +€24 | +244,200% |
| Financial charges | 65/66B | €21,916 | €22,799 | +€883 | +4.0% |
| Recurring financial charges | 65 | €21,916 | €22,799 | +€883 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €12,319 | €20,358 | +€8,040 | +65.3% |
| Profit (loss) for the period | 9904 | €12,319 | €20,358 | +€8,040 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,319 | €20,358 | +€8,040 | +65.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.