NUKAVEE: 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.
NUKAVEE
Largest movements
- Receivables within one year +€163,490
up €163,490 (+799%), from €20,450 to €183,939
of which Trade receivables: +€163,605
- Cash +€40,106
up €40,106 (+22.3%), from €179,623 to €219,730
mainly Trade debts (+€109,858) and Net result for the year (+€97,604)
- Tangible fixed assets -€32,894
down €32,894 (-27.3%), from €120,377 to €87,484
of which Furniture and vehicles: -€31,121
- Stocks and contracts +€15,799
new in 2025: €15,799
- Trade debts +€109,858
up €109,858 (+729%), from €15,067 to €124,925
- Reserves +€97,604
up €97,604 (+53.1%), from €183,748 to €281,352
of which Distributable reserves: +€100,539
- Debts after one year -€20,950
down €20,950 (-39.4%), from €53,200 to €32,250
of which Financial debts: -€20,950
- Current portion of long-term debt -€11,250
down €11,250 (-34.9%), from €32,200 to €20,950
- Tax, wage and social debts +€10,363
up €10,363 (+102%), from €10,125 to €20,488
- Gross operating margin +€84,045
up €84,045 (+88.8%), from €94,657 to €178,702
- Taxes +€25,170
up €25,170 (+145%), from €17,412 to €42,582
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 | €329,379 | €515,820 | +€186,441 | +56.6% |
| Fixed assets | 21/28 | €120,562 | €87,668 | -€32,894 | -27.3% |
| Tangible fixed assets | 22/27 | €120,377 | €87,484 | -€32,894 | -27.3% |
| Land and buildings | 22 | €4,749 | €3,715 | -€1,034 | -21.8% |
| Plant, machinery and equipment | 23 | €2,155 | €1,416 | -€739 | -34.3% |
| Furniture and vehicles | 24 | €113,473 | €82,352 | -€31,121 | -27.4% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €208,816 | €428,152 | +€219,335 | +105% |
| Stocks and contracts in progress | 3 | - | €15,799 | +€15,799 | |
| Stocks | 30/36 | - | €15,799 | +€15,799 | |
| Amounts receivable within one year | 40/41 | €20,450 | €183,939 | +€163,490 | +799% |
| Trade receivables | 40 | €19,805 | €183,410 | +€163,605 | +826% |
| Other amounts receivable | 41 | €645 | €529 | -€115 | -17.9% |
| Cash at bank and in hand | 54/58 | €179,623 | €219,730 | +€40,106 | +22.3% |
| Deferred charges and accrued income | 490/1 | €8,743 | €8,684 | -€60 | -0.7% |
| Total equity and liabilities | 10/49 | €329,379 | €515,820 | +€186,441 | +56.6% |
| Equity | 10/15 | €202,340 | €299,944 | +€97,604 | +48.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €183,748 | €281,352 | +€97,604 | +53.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €15,488 | €12,552 | -€2,936 | -19.0% |
| Distributable reserves | 133 | €168,260 | €268,799 | +€100,539 | +59.8% |
| Provisions and deferred taxes | 16 | €2,857 | €2,123 | -€734 | -25.7% |
| Deferred taxes | 168 | €2,857 | €2,123 | -€734 | -25.7% |
| Amounts payable | 17/49 | €124,182 | €213,753 | +€89,572 | +72.1% |
| Amounts payable after more than one year | 17 | €53,200 | €32,250 | -€20,950 | -39.4% |
| Financial debts | 170/4 | €48,200 | €27,250 | -€20,950 | -43.5% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,238 | €180,083 | +€110,846 | +160% |
| Current portion of amounts payable after more than one year | 42 | €32,200 | €20,950 | -€11,250 | -34.9% |
| Trade debts | 44 | €15,067 | €124,925 | +€109,858 | +729% |
| Suppliers | 440/4 | €15,067 | €124,925 | +€109,858 | +729% |
| Taxes, remuneration and social security | 45 | €10,125 | €20,488 | +€10,363 | +102% |
| Taxes | 450/3 | €10,125 | €20,488 | +€10,363 | +102% |
| Other amounts payable | 47/48 | €11,846 | €13,720 | +€1,874 | +15.8% |
| Accrued charges and deferred income | 492/3 | €1,744 | €1,420 | -€324 | -18.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,007 | €32,894 | -€113 | -0.3% |
| Other operating charges | 640/8 | €1,507 | €1,704 | +€197 | +13.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €94,657 | €178,702 | +€84,045 | +88.8% |
| Operating profit (loss) | 9901 | €60,143 | €144,105 | +€83,961 | +140% |
| Financial income | 75/76B | €13 | €21 | +€8 | +65.2% |
| Recurring financial income | 75 | €13 | €21 | +€8 | +65.2% |
| Financial charges | 65/66B | €4,932 | €4,674 | -€259 | -5.2% |
| Recurring financial charges | 65 | €4,932 | €4,674 | -€259 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €55,224 | €139,452 | +€84,228 | +153% |
| Transfer from deferred taxes | 780 | €734 | €734 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €17,412 | €42,582 | +€25,170 | +145% |
| Profit (loss) for the period | 9904 | €38,545 | €97,604 | +€59,058 | +153% |
| Transfer from tax-exempt reserves | 789 | €2,936 | €2,936 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €41,481 | €100,539 | +€59,058 | +142% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.