NUKLEUS: 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.
NUKLEUS
Largest movements
- Cash +€116,865
up €116,865 (+117%), from €99,681 to €216,547
mainly Net result for the year (+€164,539) and Current investments (+€60,000)
- Receivables within one year +€79,338
up €79,338 (+133%), from €59,772 to €139,109
of which Trade receivables: +€76,685
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Profit (loss) carried forward +€104,539
up €104,539 (+137%), from €76,061 to €180,600
- Reserves +€60,000
up €60,000 (+89.3%), from €67,217 to €127,217
of which Distributable reserves: +€60,000
- Other debts -€20,053
down €20,053 (-87.7%), from €22,874 to €2,820
- Trade debts -€9,411
no longer reported in 2025 (was €9,411)
- Gross operating margin +€178,182
up €178,182 (+335%), from €53,268 to €231,451
- Taxes +€45,116
up €45,116 (+391%), from €11,525 to €56,641
- Staff costs +€7,832
new in 2025: €7,832
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 | €221,701 | €359,455 | +€137,754 | +62.1% |
| Fixed assets | 21/28 | €2,248 | €3,799 | +€1,551 | +69.0% |
| Tangible fixed assets | 22/27 | €2,223 | €3,774 | +€1,551 | +69.8% |
| Plant, machinery and equipment | 23 | €2,223 | €3,774 | +€1,551 | +69.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €219,453 | €355,656 | +€136,203 | +62.1% |
| Amounts receivable within one year | 40/41 | €59,772 | €139,109 | +€79,338 | +133% |
| Trade receivables | 40 | €59,727 | €136,413 | +€76,685 | +128% |
| Other amounts receivable | 41 | €44 | €2,697 | +€2,652 | +5,975% |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €99,681 | €216,547 | +€116,865 | +117% |
| Total equity and liabilities | 10/49 | €221,701 | €359,455 | +€137,754 | +62.1% |
| Equity | 10/15 | €163,738 | €328,277 | +€164,539 | +100% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €67,217 | €127,217 | +€60,000 | +89.3% |
| Tax-exempt reserves | 132 | €7,217 | €7,217 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €120,000 | +€60,000 | +100% |
| Profit (loss) carried forward | 14 | €76,061 | €180,600 | +€104,539 | +137% |
| Amounts payable | 17/49 | €57,963 | €31,178 | -€26,785 | -46.2% |
| Amounts payable within one year | 42/48 | €57,963 | €31,178 | -€26,785 | -46.2% |
| Trade debts | 44 | €9,411 | - | -€9,411 | |
| Suppliers | 440/4 | €9,411 | - | -€9,411 | |
| Taxes, remuneration and social security | 45 | €25,678 | €28,357 | +€2,680 | +10.4% |
| Taxes | 450/3 | €25,678 | €26,545 | +€867 | +3.4% |
| Remuneration and social security | 454/9 | - | €1,813 | +€1,813 | |
| Other amounts payable | 47/48 | €22,874 | €2,820 | -€20,053 | -87.7% |
| Remuneration, social security and pensions | 62 | - | €7,832 | +€7,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €1,004 | +€755 | +303% |
| Other operating charges | 640/8 | €488 | €632 | +€144 | +29.4% |
| Gross operating margin | 9900 | €53,268 | €231,451 | +€178,182 | +335% |
| Operating profit (loss) | 9901 | €52,530 | €221,983 | +€169,452 | +323% |
| Financial income | 75/76B | €94 | €235 | +€141 | +150% |
| Recurring financial income | 75 | €94 | €235 | +€141 | +150% |
| Financial charges | 65/66B | €1,361 | €1,038 | -€323 | -23.7% |
| Recurring financial charges | 65 | €1,361 | €1,038 | -€323 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €51,264 | €221,179 | +€169,916 | +331% |
| Income taxes | 67/77 | €11,525 | €56,641 | +€45,116 | +391% |
| Profit (loss) for the period | 9904 | €39,739 | €164,539 | +€124,800 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €39,739 | €164,539 | +€124,800 | +314% |
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 25 October 2026 via checked.be.