NKW: 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.
NKW
Largest movements
- Cash -€2,892
down €2,892 (-54.9%), from €5,270 to €2,378
mainly Net result for the year (-€2,128) and Trade debts (-€387)
- Reserves -€1,506
no longer reported in 2025 (was €1,506)
- Profit (loss) carried forward -€622
new in 2025: -€622
- Trade debts -€387
no longer reported in 2025 (was €387)
- Tax, wage and social debts -€377
no longer reported in 2025 (was €377)
- Gross operating margin -€3,980
down €3,980, from €1,927 to -€2,053
- Taxes -€377
no longer reported in 2025 (was €377)
- Financial charges +€31
up €31 (+70.5%), from €44 to €75
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 | €5,270 | €2,378 | -€2,892 | -54.9% |
| Current assets | 29/58 | €5,270 | €2,378 | -€2,892 | -54.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,270 | €2,378 | -€2,892 | -54.9% |
| Total equity and liabilities | 10/49 | €5,270 | €2,378 | -€2,892 | -54.9% |
| Equity | 10/15 | €4,506 | €2,378 | -€2,128 | -47.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,506 | - | -€1,506 | |
| Distributable reserves | 133 | €1,506 | - | -€1,506 | |
| Profit (loss) carried forward | 14 | - | -€622 | -€622 | |
| Amounts payable | 17/49 | €764 | - | -€764 | |
| Amounts payable within one year | 42/48 | €764 | - | -€764 | |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Taxes, remuneration and social security | 45 | €377 | - | -€377 | |
| Taxes | 450/3 | €377 | - | -€377 | |
| Gross operating margin | 9900 | €1,927 | -€2,053 | -€3,980 | |
| Operating profit (loss) | 9901 | €1,927 | -€2,053 | -€3,980 | |
| Financial charges | 65/66B | €44 | €75 | +€31 | +70.5% |
| Recurring financial charges | 65 | €44 | €75 | +€31 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | €1,883 | -€2,128 | -€4,011 | |
| Income taxes | 67/77 | €377 | - | -€377 | |
| Profit (loss) for the period | 9904 | €1,506 | -€2,128 | -€3,634 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,506 | -€2,128 | -€3,634 |
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 6 October 2026 via checked.be.