NI HAO GROUP: what changed
What changed
NI HAO GROUP
NACE 47.120, Other non-specialised retail sale
filed annual accounts (NBB)
Net result for the year
-€18,750
2024 · -€18,659-€91
Equity
€12,592
2024 · €31,341-€18,750
Cash
€121,357
2024 · €88,987+€32,370
Balance sheet total
€1.1m
2024 · €690,215+€431,325
Largest movements
Assets
- Stocks and contracts +€458,801
up €458,801 (+139%), from €329,018 to €787,819
- Tangible fixed assets -€43,481
down €43,481 (-20.1%), from €215,789 to €172,308
of which Plant, machinery and equipment: -€30,079
- Cash +€32,370
up €32,370 (+36.4%), from €88,987 to €121,357
mainly Debts after one year (+€498,039) and Depreciation (+€48,787)
- Deferred charges and accrued income -€13,244
down €13,244 (-60.2%), from €22,013 to €8,769
Equity and liabilities
- Debts after one year +€498,039
up €498,039 (+958%), from €51,961 to €550,000
of which Trade debts: +€500,000
- Trade debts -€26,543
down €26,543 (-5.6%), from €475,093 to €448,550
- Profit (loss) carried forward -€18,750
down €18,750 (-100%), from -€18,659 to -€37,408
Income statement
- Staff costs -€34,765
down €34,765 (-17.0%), from €204,093 to €169,328
- Gross operating margin -€30,352
down €30,352 (-12.7%), from €239,637 to €209,285
- Depreciation +€4,971
up €4,971 (+11.3%), from €43,815 to €48,787
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.
Result 2024
-€18,659
Gross operating margin
-€30,352
Staff costs
+€34,765
Depreciation
-€4,971
Other operating charges
+€1,467
Financial income
+€596
Financial charges
-€1,596
Result 2025
-€18,750
raises the resultlowers the result
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.
From operations
-€452,973
Investment
-€3,149
Financing
+€488,492
Cash 2024
€88,987
From operations (derived)
-€452,973
Net result for the year
-€18,750
Depreciation
+€48,787
Stocks and contracts
-€458,801
Receivables within one year
+€965
Deferred charges and accrued income
+€13,244
Trade debts
-€26,543
Tax, wage and social debts
-€10,019
Accrued charges and deferred income
-€1,856
Investment (derived)
-€3,149
Investment in fixed assets (net)
-€3,149
Financing
+€488,492
Debts after one year
+€498,039
Current portion of long-term debt
-€9,546
Cash 2025
€121,357
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €690,215 | €1,121,540 | +€431,325 | +62.5% |
| Formation expenses | 20 | €4,230 | €3,384 | -€846 | -20.0% |
| Fixed assets | 21/28 | €243,610 | €198,818 | -€44,792 | -18.4% |
| Intangible fixed assets | 21 | €5,320 | €4,010 | -€1,310 | -24.6% |
| Tangible fixed assets | 22/27 | €215,789 | €172,308 | -€43,481 | -20.1% |
| Plant, machinery and equipment | 23 | €127,464 | €97,385 | -€30,079 | -23.6% |
| Furniture and vehicles | 24 | €24,093 | €18,492 | -€5,601 | -23.2% |
| Other tangible fixed assets | 26 | €64,233 | €56,431 | -€7,801 | -12.1% |
| Financial fixed assets | 28 | €22,500 | €22,500 | = | 0.0% |
| Current assets | 29/58 | €442,375 | €919,338 | +€476,962 | +108% |
| Stocks and contracts in progress | 3 | €329,018 | €787,819 | +€458,801 | +139% |
| Stocks | 30/36 | €329,018 | €787,819 | +€458,801 | +139% |
| Amounts receivable within one year | 40/41 | €2,357 | €1,393 | -€965 | -40.9% |
| Trade receivables | 40 | €2,309 | €1,393 | -€917 | -39.7% |
| Other amounts receivable | 41 | €48 | €0 | -€48 | -100% |
| Cash at bank and in hand | 54/58 | €88,987 | €121,357 | +€32,370 | +36.4% |
| Deferred charges and accrued income | 490/1 | €22,013 | €8,769 | -€13,244 | -60.2% |
| Total equity and liabilities | 10/49 | €690,215 | €1,121,540 | +€431,325 | +62.5% |
| Equity | 10/15 | €31,341 | €12,592 | -€18,750 | -59.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,659 | -€37,408 | -€18,750 | -100% |
| Amounts payable | 17/49 | €658,874 | €1,108,948 | +€450,074 | +68.3% |
| Amounts payable after more than one year | 17 | €51,961 | €550,000 | +€498,039 | +958% |
| Financial debts | 170/4 | €51,961 | €50,000 | -€1,961 | -3.8% |
| Trade debts | 175 | - | €500,000 | +€500,000 | |
| Amounts payable within one year | 42/48 | €604,977 | €558,869 | -€46,108 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €11,508 | €1,961 | -€9,546 | -83.0% |
| Trade debts | 44 | €475,093 | €448,550 | -€26,543 | -5.6% |
| Suppliers | 440/4 | €475,093 | €448,550 | -€26,543 | -5.6% |
| Taxes, remuneration and social security | 45 | €99,276 | €89,257 | -€10,019 | -10.1% |
| Taxes | 450/3 | €58,098 | €56,271 | -€1,827 | -3.1% |
| Remuneration and social security | 454/9 | €41,178 | €32,985 | -€8,192 | -19.9% |
| Other amounts payable | 47/48 | €19,100 | €19,100 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,936 | €80 | -€1,856 | -95.9% |
| Remuneration, social security and pensions | 62 | €204,093 | €169,328 | -€34,765 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,815 | €48,787 | +€4,971 | +11.3% |
| Other operating charges | 640/8 | €4,586 | €3,119 | -€1,467 | -32.0% |
| Gross operating margin | 9900 | €239,637 | €209,285 | -€30,352 | -12.7% |
| Operating profit (loss) | 9901 | -€12,857 | -€11,948 | +€909 | +7.1% |
| Financial income | 75/76B | €1,055 | €1,652 | +€596 | +56.5% |
| Recurring financial income | 75 | €1,055 | €1,652 | +€596 | +56.5% |
| Financial charges | 65/66B | €6,857 | €8,453 | +€1,596 | +23.3% |
| Recurring financial charges | 65 | €6,857 | €8,453 | +€1,596 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,659 | -€18,750 | -€91 | -0.5% |
| Profit (loss) for the period | 9904 | -€18,659 | -€18,750 | -€91 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,659 | -€18,750 | -€91 | -0.5% |
Next steps
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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.