N.I.N.: 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.
N.I.N.
Largest movements
- Cash +€141,537
up €141,537 (+162%), from €87,446 to €228,984
mainly Net result for the year (+€151,806) and Tax, wage and social debts (+€67,558)
- Receivables within one year -€29,254
down €29,254 (-25.1%), from €116,514 to €87,260
of which Other amounts receivable: -€38,517
- Tangible fixed assets -€6,127
down €6,127 (-11.5%), from €53,082 to €46,955
of which Other tangible fixed assets: -€3,501
- Tax, wage and social debts +€67,558
up €67,558 (+211%), from €32,055 to €99,614
of which Taxes: +€66,999
- Other debts +€41,200
up €41,200 (+27.1%), from €152,292 to €193,492
- Trade debts -€9,756
down €9,756 (-13.7%), from €71,420 to €61,664
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin +€144,584
up €144,584 (+75.7%), from €190,891 to €335,475
- Taxes +€43,847
up €43,847 (+279%), from €15,740 to €59,587
- Staff costs -€10,896
down €10,896 (-9.5%), from €114,223 to €103,327
- Other operating charges -€4,815
down €4,815 (-63.6%), from €7,567 to €2,751
- Financial charges +€3,635
up €3,635 (+1,405%), from €259 to €3,894
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 | €268,231 | €373,739 | +€105,508 | +39.3% |
| Fixed assets | 21/28 | €62,082 | €55,955 | -€6,127 | -9.9% |
| Tangible fixed assets | 22/27 | €53,082 | €46,955 | -€6,127 | -11.5% |
| Furniture and vehicles | 24 | €37,357 | €34,731 | -€2,626 | -7.0% |
| Other tangible fixed assets | 26 | €15,725 | €12,224 | -€3,501 | -22.3% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €206,149 | €317,784 | +€111,635 | +54.2% |
| Stocks and contracts in progress | 3 | €1,912 | €1,263 | -€649 | -33.9% |
| Stocks | 30/36 | €1,912 | €1,263 | -€649 | -33.9% |
| Amounts receivable within one year | 40/41 | €116,514 | €87,260 | -€29,254 | -25.1% |
| Trade receivables | 40 | €57,293 | €66,556 | +€9,263 | +16.2% |
| Other amounts receivable | 41 | €59,221 | €20,704 | -€38,517 | -65.0% |
| Cash at bank and in hand | 54/58 | €87,446 | €228,984 | +€141,537 | +162% |
| Deferred charges and accrued income | 490/1 | €277 | €277 | = | 0.0% |
| Total equity and liabilities | 10/49 | €268,231 | €373,739 | +€105,508 | +39.3% |
| Equity | 10/15 | €12,464 | €18,969 | +€6,506 | +52.2% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Profit (loss) carried forward | 14 | €64 | €369 | +€306 | +480% |
| Amounts payable | 17/49 | €255,767 | €354,769 | +€99,003 | +38.7% |
| Amounts payable within one year | 42/48 | €255,767 | €354,769 | +€99,003 | +38.7% |
| Trade debts | 44 | €71,420 | €61,664 | -€9,756 | -13.7% |
| Suppliers | 440/4 | €71,420 | €61,664 | -€9,756 | -13.7% |
| Taxes, remuneration and social security | 45 | €32,055 | €99,614 | +€67,558 | +211% |
| Taxes | 450/3 | €17,272 | €84,271 | +€66,999 | +388% |
| Remuneration and social security | 454/9 | €14,783 | €15,342 | +€560 | +3.8% |
| Other amounts payable | 47/48 | €152,292 | €193,492 | +€41,200 | +27.1% |
| Remuneration, social security and pensions | 62 | €114,223 | €103,327 | -€10,896 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,487 | €14,110 | +€1,623 | +13.0% |
| Other operating charges | 640/8 | €7,567 | €2,751 | -€4,815 | -63.6% |
| Gross operating margin | 9900 | €190,891 | €335,475 | +€144,584 | +75.7% |
| Operating profit (loss) | 9901 | €56,614 | €215,287 | +€158,673 | +280% |
| Financial charges | 65/66B | €259 | €3,894 | +€3,635 | +1,405% |
| Recurring financial charges | 65 | €259 | €3,894 | +€3,635 | +1,405% |
| Profit (loss) for the period before taxes | 9903 | €56,355 | €211,393 | +€155,038 | +275% |
| Income taxes | 67/77 | €15,740 | €59,587 | +€43,847 | +279% |
| Profit (loss) for the period | 9904 | €40,616 | €151,806 | +€111,190 | +274% |
| Profit (loss) for the period to be appropriated | 9905 | €40,616 | €151,806 | +€111,190 | +274% |
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 27 October 2026 via checked.be.