Nani: 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.
Nani
Largest movements
- Receivables within one year +€70,864
up €70,864 (+448.4%), from €15,804 to €86,669
of which Other amounts receivable: +€53,519
- Cash -€45,466
down €45,466 (-40.8%), from €111,538 to €66,072
mainly Receivables within one year (-€70,864) and Other debts (-€16,758)
- Reserves +€55,241
up €55,241 (+65.8%), from €83,912 to €139,153
- Other debts -€16,758
no longer reported in 2025 (was €16,758)
- Trade debts -€6,834
down €6,834 (-82.2%), from €8,310 to €1,476
- Tax, wage and social debts -€6,116
down €6,116 (-20.0%), from €30,588 to €24,472
- Gross operating margin -€36,750
down €36,750 (-31.3%), from €117,344 to €80,593
- Taxes -€8,167
down €8,167 (-32.3%), from €25,314 to €17,147
- Other operating charges +€2,879
up €2,879 (+864.9%), from €333 to €3,212
- Depreciation -€2,013
down €2,013 (-29.3%), from €6,867 to €4,855
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.
Cash bridge derived
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 | €142,068 | €167,602 | +€25,533 | +18.0% |
| Fixed assets | 21/28 | €14,726 | €14,861 | +€135 | +0.9% |
| Tangible fixed assets | 22/27 | €14,726 | €14,861 | +€135 | +0.9% |
| Plant, machinery and equipment | 23 | - | €4,453 | +€4,453 | |
| Furniture and vehicles | 24 | €14,726 | €10,407 | -€4,319 | -29.3% |
| Current assets | 29/58 | €127,342 | €152,741 | +€25,399 | +19.9% |
| Amounts receivable within one year | 40/41 | €15,804 | €86,669 | +€70,864 | +448.4% |
| Trade receivables | 40 | €13,587 | €30,933 | +€17,346 | +127.7% |
| Other amounts receivable | 41 | €2,217 | €55,736 | +€53,519 | +2414.0% |
| Cash at bank and in hand | 54/58 | €111,538 | €66,072 | -€45,466 | -40.8% |
| Total equity and liabilities | 10/49 | €142,068 | €167,602 | +€25,533 | +18.0% |
| Equity | 10/15 | €86,412 | €141,653 | +€55,241 | +63.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €83,912 | €139,153 | +€55,241 | +65.8% |
| Distributable reserves | 133 | €83,912 | €139,153 | +€55,241 | +65.8% |
| Amounts payable | 17/49 | €55,656 | €25,948 | -€29,708 | -53.4% |
| Amounts payable within one year | 42/48 | €55,656 | €25,948 | -€29,708 | -53.4% |
| Trade debts | 44 | €8,310 | €1,476 | -€6,834 | -82.2% |
| Suppliers | 440/4 | €8,310 | €1,476 | -€6,834 | -82.2% |
| Taxes, remuneration and social security | 45 | €30,588 | €24,472 | -€6,116 | -20.0% |
| Taxes | 450/3 | €30,588 | €24,472 | -€6,116 | -20.0% |
| Other amounts payable | 47/48 | €16,758 | - | -€16,758 | |
| Remuneration, social security and pensions | 62 | - | €78 | +€78 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,867 | €4,855 | -€2,013 | -29.3% |
| Other operating charges | 640/8 | €333 | €3,212 | +€2,879 | +864.9% |
| Gross operating margin | 9900 | €117,344 | €80,593 | -€36,750 | -31.3% |
| Operating profit (loss) | 9901 | €110,143 | €72,449 | -€37,695 | -34.2% |
| Financial income | 75/76B | €18 | €0 | -€18 | -99.9% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -99.9% |
| Financial charges | 65/66B | €935 | €61 | -€874 | -93.5% |
| Recurring financial charges | 65 | €935 | €61 | -€874 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €109,227 | €72,388 | -€36,839 | -33.7% |
| Income taxes | 67/77 | €25,314 | €17,147 | -€8,167 | -32.3% |
| Profit (loss) for the period | 9904 | €83,912 | €55,241 | -€28,671 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,912 | €55,241 | -€28,671 | -34.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.