NKZ: 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.
NKZ
Largest movements
- Cash +€52,659
up €52,659 (+5.5%), from €953,264 to €1.0m
mainly Net result for the year (+€407,612) and Tax, wage and social debts (+€54,221)
- Stocks and contracts -€29,615
down €29,615 (-8.8%), from €338,156 to €308,541
- Tangible fixed assets +€24,641
up €24,641 (+19.1%), from €128,810 to €153,451
of which Leasing and similar rights: +€57,661
- Trade debts -€218,520
down €218,520 (-25.2%), from €866,795 to €648,275
- Profit (loss) carried forward +€157,612
new in 2025: €157,612
- Tax, wage and social debts +€54,221
up €54,221 (+51.9%), from €104,406 to €158,627
of which Taxes: +€31,342
- Debts after one year +€24,879
new in 2025: €24,879
- Accrued charges and deferred income +€20,381
up €20,381 (+32.1%), from €63,451 to €83,832
- Gross operating margin +€106,605
up €106,605 (+12.9%), from €826,546 to €933,151
- Taxes +€34,642
up €34,642 (+33.5%), from €103,430 to €138,071
- Staff costs -€20,844
down €20,844 (-5.6%), from €374,495 to €353,651
- Write-downs -€15,631
down €15,631, from €12,340 to -€3,291
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 | €1,912,474 | €1,976,085 | +€63,611 | +3.3% |
| Fixed assets | 21/28 | €132,901 | €156,377 | +€23,476 | +17.7% |
| Intangible fixed assets | 21 | €4,091 | €2,926 | -€1,165 | -28.5% |
| Tangible fixed assets | 22/27 | €128,810 | €153,451 | +€24,641 | +19.1% |
| Land and buildings | 22 | €23,443 | €19,163 | -€4,280 | -18.3% |
| Plant, machinery and equipment | 23 | €1,037 | €13,449 | +€12,412 | +1,197% |
| Furniture and vehicles | 24 | €104,330 | €63,178 | -€41,152 | -39.4% |
| Leasing and similar rights | 25 | - | €57,661 | +€57,661 | |
| Current assets | 29/58 | €1,779,573 | €1,819,708 | +€40,135 | +2.3% |
| Stocks and contracts in progress | 3 | €338,156 | €308,541 | -€29,615 | -8.8% |
| Stocks | 30/36 | €338,156 | €308,541 | -€29,615 | -8.8% |
| Amounts receivable within one year | 40/41 | €465,498 | €475,082 | +€9,584 | +2.1% |
| Trade receivables | 40 | €433,281 | €474,465 | +€41,183 | +9.5% |
| Other amounts receivable | 41 | €32,217 | €618 | -€31,600 | -98.1% |
| Cash at bank and in hand | 54/58 | €953,264 | €1,005,923 | +€52,659 | +5.5% |
| Deferred charges and accrued income | 490/1 | €22,655 | €30,162 | +€7,507 | +33.1% |
| Total equity and liabilities | 10/49 | €1,912,474 | €1,976,085 | +€63,611 | +3.3% |
| Equity | 10/15 | €616,644 | €774,256 | +€157,612 | +25.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €516,644 | €516,644 | = | 0.0% |
| Distributable reserves | 133 | €516,644 | €516,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €157,612 | +€157,612 | |
| Amounts payable | 17/49 | €1,295,829 | €1,201,829 | -€94,000 | -7.3% |
| Amounts payable after more than one year | 17 | - | €24,879 | +€24,879 | |
| Financial debts | 170/4 | - | €24,879 | +€24,879 | |
| Amounts payable within one year | 42/48 | €1,232,378 | €1,093,118 | -€139,261 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | - | €15,130 | +€15,130 | |
| Trade debts | 44 | €866,795 | €648,275 | -€218,520 | -25.2% |
| Suppliers | 440/4 | €866,795 | €648,275 | -€218,520 | -25.2% |
| Taxes, remuneration and social security | 45 | €104,406 | €158,627 | +€54,221 | +51.9% |
| Taxes | 450/3 | €73,966 | €105,308 | +€31,342 | +42.4% |
| Remuneration and social security | 454/9 | €30,440 | €53,319 | +€22,879 | +75.2% |
| Other amounts payable | 47/48 | €261,178 | €271,086 | +€9,908 | +3.8% |
| Accrued charges and deferred income | 492/3 | €63,451 | €83,832 | +€20,381 | +32.1% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €374,495 | €353,651 | -€20,844 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,958 | €52,729 | +€6,771 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,340 | -€3,291 | -€15,631 | |
| Other operating charges | 640/8 | €4,913 | €5,745 | +€832 | +16.9% |
| Non-recurring operating charges | 66A | - | €4,632 | +€4,632 | |
| Gross operating margin | 9900 | €826,546 | €933,151 | +€106,605 | +12.9% |
| Operating profit (loss) | 9901 | €388,840 | €519,686 | +€130,846 | +33.7% |
| Financial income | 75/76B | €27,085 | €32,117 | +€5,033 | +18.6% |
| Recurring financial income | 75 | €27,085 | €32,117 | +€5,033 | +18.6% |
| Financial charges | 65/66B | €15,307 | €6,120 | -€9,187 | -60.0% |
| Recurring financial charges | 65 | €15,307 | €6,120 | -€9,187 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €400,618 | €545,683 | +€145,065 | +36.2% |
| Income taxes | 67/77 | €103,430 | €138,071 | +€34,642 | +33.5% |
| Profit (loss) for the period | 9904 | €297,188 | €407,612 | +€110,423 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €297,188 | €407,612 | +€110,423 | +37.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.