NYKORENOV: what changed
NYKORENOV
Largest movements
- Cash -€6,606
down €6,606 (-13.1%), from €50,566 to €43,959
mainly Tax, wage and social debts (-€9,371) and Trade debts (-€5,373)
- Tangible fixed assets -€4,774
down €4,774 (-30.4%), from €15,702 to €10,928
- Receivables within one year -€3,704
down €3,704 (-6.6%), from €55,723 to €52,019
of which Other amounts receivable: -€2,442
- Deferred charges and accrued income +€1,253
up €1,253 (+351%), from €357 to €1,609
- Reserves +€91,690
new in 2025: €91,690
- Profit (loss) carried forward -€90,778
no longer reported in 2025 (was €90,778)
- Tax, wage and social debts -€9,371
down €9,371 (-81.4%), from €11,511 to €2,141
of which Taxes: -€10,941
- Trade debts -€5,373
down €5,373 (-31.5%), from €17,058 to €11,685
- Gross operating margin -€35,441
down €35,441 (-85.3%), from €41,572 to €6,131
- Taxes -€7,831
down €7,831 (-79.5%), from €9,844 to €2,013
- Financial charges -€4,105
down €4,105 (-98.3%), from €4,175 to €70
- Other operating charges -€3,240
down €3,240 (-95.6%), from €3,389 to €149
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,348 | €108,516 | -€13,832 | -11.3% |
| Fixed assets | 21/28 | €15,702 | €10,928 | -€4,774 | -30.4% |
| Tangible fixed assets | 22/27 | €15,702 | €10,928 | -€4,774 | -30.4% |
| Furniture and vehicles | 24 | €15,702 | €10,928 | -€4,774 | -30.4% |
| Current assets | 29/58 | €106,646 | €97,587 | -€9,058 | -8.5% |
| Amounts receivable within one year | 40/41 | €55,723 | €52,019 | -€3,704 | -6.6% |
| Trade receivables | 40 | €26,418 | €25,155 | -€1,263 | -4.8% |
| Other amounts receivable | 41 | €29,306 | €26,864 | -€2,442 | -8.3% |
| Cash at bank and in hand | 54/58 | €50,566 | €43,959 | -€6,606 | -13.1% |
| Deferred charges and accrued income | 490/1 | €357 | €1,609 | +€1,253 | +351% |
| Total equity and liabilities | 10/49 | €122,348 | €108,516 | -€13,832 | -11.3% |
| Equity | 10/15 | €93,778 | €94,690 | +€912 | +1.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €91,690 | +€91,690 | |
| Distributable reserves | 133 | - | €91,690 | +€91,690 | |
| Profit (loss) carried forward | 14 | €90,778 | - | -€90,778 | |
| Amounts payable | 17/49 | €28,569 | €13,826 | -€14,744 | -51.6% |
| Amounts payable within one year | 42/48 | €28,569 | €13,826 | -€14,744 | -51.6% |
| Trade debts | 44 | €17,058 | €11,685 | -€5,373 | -31.5% |
| Suppliers | 440/4 | €17,058 | €11,685 | -€5,373 | -31.5% |
| Taxes, remuneration and social security | 45 | €11,511 | €2,141 | -€9,371 | -81.4% |
| Taxes | 450/3 | €11,511 | €571 | -€10,941 | -95.0% |
| Remuneration and social security | 454/9 | - | €1,570 | +€1,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,792 | €4,774 | -€18 | -0.4% |
| Other operating charges | 640/8 | €3,389 | €149 | -€3,240 | -95.6% |
| Gross operating margin | 9900 | €41,572 | €6,131 | -€35,441 | -85.3% |
| Operating profit (loss) | 9901 | €33,391 | €1,208 | -€32,183 | -96.4% |
| Financial income | 75/76B | €1,686 | €1,787 | +€101 | +6.0% |
| Recurring financial income | 75 | €1,686 | €1,787 | +€101 | +6.0% |
| Financial charges | 65/66B | €4,175 | €70 | -€4,105 | -98.3% |
| Recurring financial charges | 65 | €4,175 | €70 | -€4,105 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €30,902 | €2,925 | -€27,977 | -90.5% |
| Income taxes | 67/77 | €9,844 | €2,013 | -€7,831 | -79.5% |
| Profit (loss) for the period | 9904 | €21,058 | €912 | -€20,146 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,058 | €912 | -€20,146 | -95.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.