NZKT: 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.
NZKT
Largest movements
- Receivables within one year +€339,512
up €339,512 (+293.3%), from €115,757 to €455,269
of which Trade receivables: +€418,661
- Deferred charges and accrued income +€39,512
up €39,512 (+29706.3%), from €133 to €39,645
- Cash -€30,897
down €30,897 (-10.1%), from €305,479 to €274,581
mainly Receivables within one year (-€339,512) and Contributions, distributions and other (-€235,000)
- Tangible fixed assets -€27,217
down €27,217 (-5.0%), from €545,877 to €518,660
of which Land and buildings: -€17,150
- Other debts +€259,592
up €259,592 (+1034.7%), from €25,089 to €284,681
- Tax, wage and social debts +€65,487
up €65,487 (+950.8%), from €6,888 to €72,375
- Debts after one year -€39,328
down €39,328 (-41.3%), from €95,217 to €55,889
- Trade debts +€26,565
up €26,565 (+85.2%), from €31,182 to €57,747
- Gross operating margin +€192,622
up €192,622 (+119.9%), from €160,589 to €353,211
- Taxes +€54,836
up €54,836 (+251.7%), from €21,785 to €76,621
- Financial charges -€16,831
down €16,831 (-74.4%), from €22,614 to €5,784
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €969,745 | €1,290,655 | +€320,910 | +33.1% |
| Fixed assets | 21/28 | €548,377 | €521,160 | -€27,217 | -5.0% |
| Tangible fixed assets | 22/27 | €545,877 | €518,660 | -€27,217 | -5.0% |
| Land and buildings | 22 | €488,094 | €470,945 | -€17,150 | -3.5% |
| Plant, machinery and equipment | 23 | €6,390 | €3,565 | -€2,826 | -44.2% |
| Furniture and vehicles | 24 | €917 | €467 | -€450 | -49.1% |
| Other tangible fixed assets | 26 | €50,475 | €43,683 | -€6,792 | -13.5% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €421,369 | €769,496 | +€348,127 | +82.6% |
| Amounts receivable within one year | 40/41 | €115,757 | €455,269 | +€339,512 | +293.3% |
| Trade receivables | 40 | €36,603 | €455,263 | +€418,661 | +1143.8% |
| Other amounts receivable | 41 | €79,154 | €6 | -€79,148 | -100.0% |
| Cash at bank and in hand | 54/58 | €305,479 | €274,581 | -€30,897 | -10.1% |
| Deferred charges and accrued income | 490/1 | €133 | €39,645 | +€39,512 | +29706.3% |
| Total equity and liabilities | 10/49 | €969,745 | €1,290,655 | +€320,910 | +33.1% |
| Equity | 10/15 | €766,180 | €773,962 | +€7,782 | +1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €745,000 | €750,000 | +€5,000 | +0.7% |
| Distributable reserves | 133 | €745,000 | €750,000 | +€5,000 | +0.7% |
| Profit (loss) carried forward | 14 | €1,180 | €3,962 | +€2,782 | +235.8% |
| Amounts payable | 17/49 | €203,565 | €516,693 | +€313,128 | +153.8% |
| Amounts payable after more than one year | 17 | €95,217 | €55,889 | -€39,328 | -41.3% |
| Financial debts | 170/4 | €95,217 | €55,889 | -€39,328 | -41.3% |
| Amounts payable within one year | 42/48 | €107,904 | €460,271 | +€352,367 | +326.6% |
| Current portion of amounts payable after more than one year | 42 | €44,745 | €42,836 | -€1,909 | -4.3% |
| Financial debts | 43 | - | €2,632 | +€2,632 | |
| Credit institutions | 430/8 | - | €2,632 | +€2,632 | |
| Trade debts | 44 | €31,182 | €57,747 | +€26,565 | +85.2% |
| Suppliers | 440/4 | €31,182 | €57,747 | +€26,565 | +85.2% |
| Taxes, remuneration and social security | 45 | €6,888 | €72,375 | +€65,487 | +950.8% |
| Taxes | 450/3 | €6,888 | €72,375 | +€65,487 | +950.8% |
| Other amounts payable | 47/48 | €25,089 | €284,681 | +€259,592 | +1034.7% |
| Accrued charges and deferred income | 492/3 | €444 | €533 | +€89 | +20.0% |
| Non-recurring operating income | 76A | €1,438 | €0 | -€1,438 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,853 | €27,217 | -€636 | -2.3% |
| Other operating charges | 640/8 | €1,366 | €808 | -€558 | -40.9% |
| Gross operating margin | 9900 | €160,589 | €353,211 | +€192,622 | +119.9% |
| Operating profit (loss) | 9901 | €131,370 | €325,187 | +€193,817 | +147.5% |
| Financial charges | 65/66B | €22,614 | €5,784 | -€16,831 | -74.4% |
| Recurring financial charges | 65 | €22,614 | €5,784 | -€16,831 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | €108,755 | €319,403 | +€210,648 | +193.7% |
| Income taxes | 67/77 | €21,785 | €76,621 | +€54,836 | +251.7% |
| Profit (loss) for the period | 9904 | €86,970 | €242,782 | +€155,812 | +179.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,970 | €242,782 | +€155,812 | +179.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.