NOKAT: 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.
NOKAT
Largest movements
- Receivables within one year +€45,616
up €45,616 (+460.9%), from €9,898 to €55,514
of which Trade receivables: +€42,431
- Tangible fixed assets +€20,501
up €20,501 (+471.6%), from €4,347 to €24,848
of which Other tangible fixed assets: +€14,359
- Cash +€13,690
up €13,690 (+59.6%), from €22,963 to €36,653
mainly Net result for the year (+€29,805) and Other debts (+€28,696)
- Financial fixed assets +€5,000
up €5,000 (+941.0%), from €531 to €5,531
- Stocks and contracts -€5,000
down €5,000 (-37.3%), from €13,400 to €8,400
- Profit (loss) carried forward +€29,805
up €29,805 (+255.8%), from €11,653 to €41,458
- Other debts +€28,696
new in 2025: €28,696
- Tax, wage and social debts +€24,614
up €24,614 (+281.8%), from €8,734 to €33,348
of which Remuneration and social security: +€20,345
- Trade debts -€3,340
down €3,340 (-11.6%), from €28,785 to €25,445
- Gross operating margin +€75,874
up €75,874 (+114.9%), from €66,011 to €141,886
- Staff costs +€56,344
up €56,344 (+132.0%), from €42,701 to €99,045
- Other operating charges -€6,315
down €6,315 (-99.2%), from €6,365 to €50
- Taxes +€4,505
up €4,505 (+152.9%), from €2,946 to €7,451
- Depreciation +€3,052
up €3,052 (+135.7%), from €2,249 to €5,301
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 | €51,171 | €130,946 | +€79,775 | +155.9% |
| Fixed assets | 21/28 | €4,879 | €30,380 | +€25,501 | +522.7% |
| Tangible fixed assets | 22/27 | €4,347 | €24,848 | +€20,501 | +471.6% |
| Plant, machinery and equipment | 23 | €1,474 | €2,305 | +€832 | +56.4% |
| Furniture and vehicles | 24 | €753 | €6,064 | +€5,311 | +705.0% |
| Other tangible fixed assets | 26 | €2,120 | €16,479 | +€14,359 | +677.3% |
| Financial fixed assets | 28 | €531 | €5,531 | +€5,000 | +941.0% |
| Current assets | 29/58 | €46,293 | €100,567 | +€54,274 | +117.2% |
| Stocks and contracts in progress | 3 | €13,400 | €8,400 | -€5,000 | -37.3% |
| Stocks | 30/36 | €13,400 | €8,400 | -€5,000 | -37.3% |
| Amounts receivable within one year | 40/41 | €9,898 | €55,514 | +€45,616 | +460.9% |
| Trade receivables | 40 | €9,853 | €52,284 | +€42,431 | +430.7% |
| Other amounts receivable | 41 | €46 | €3,230 | +€3,185 | +6994.6% |
| Cash at bank and in hand | 54/58 | €22,963 | €36,653 | +€13,690 | +59.6% |
| Deferred charges and accrued income | 490/1 | €32 | - | -€32 | |
| Total equity and liabilities | 10/49 | €51,171 | €130,946 | +€79,775 | +155.9% |
| Equity | 10/15 | €13,653 | €43,458 | +€29,805 | +218.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,653 | €41,458 | +€29,805 | +255.8% |
| Amounts payable | 17/49 | €37,518 | €87,488 | +€49,970 | +133.2% |
| Amounts payable within one year | 42/48 | €37,518 | €87,488 | +€49,970 | +133.2% |
| Trade debts | 44 | €28,785 | €25,445 | -€3,340 | -11.6% |
| Suppliers | 440/4 | €28,785 | €25,445 | -€3,340 | -11.6% |
| Taxes, remuneration and social security | 45 | €8,734 | €33,348 | +€24,614 | +281.8% |
| Taxes | 450/3 | €6,129 | €10,398 | +€4,269 | +69.7% |
| Remuneration and social security | 454/9 | €2,605 | €22,950 | +€20,345 | +781.0% |
| Other amounts payable | 47/48 | - | €28,696 | +€28,696 | |
| Remuneration, social security and pensions | 62 | €42,701 | €99,045 | +€56,344 | +132.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,249 | €5,301 | +€3,052 | +135.7% |
| Other operating charges | 640/8 | €6,365 | €50 | -€6,315 | -99.2% |
| Gross operating margin | 9900 | €66,011 | €141,886 | +€75,874 | +114.9% |
| Operating profit (loss) | 9901 | €14,697 | €37,490 | +€22,793 | +155.1% |
| Financial income | 75/76B | €75 | €1 | -€74 | -99.2% |
| Recurring financial income | 75 | €75 | €1 | -€74 | -99.2% |
| Financial charges | 65/66B | €172 | €233 | +€61 | +35.4% |
| Recurring financial charges | 65 | €172 | €233 | +€61 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €14,599 | €37,257 | +€22,658 | +155.2% |
| Income taxes | 67/77 | €2,946 | €7,451 | +€4,505 | +152.9% |
| Profit (loss) for the period | 9904 | €11,653 | €29,805 | +€18,153 | +155.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,653 | €29,805 | +€18,153 | +155.8% |
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 7 October 2026 via checked.be.