Nientedeve: 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.
What changed
Nientedeve
NACE 93.199, Other sports activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €1.4m+€486,515
Equity
€2.2m
2024 · €2.2m
Cash
€601,661
2024 · €946,926-€345,265
Balance sheet total
€8.3m
2024 · €7.6m+€638,991
Largest movements
Assets
- Tangible fixed assets +€544,475
up €544,475 (+27.8%), from €2.0m to €2.5m
of which Land and buildings: +€552,987
- Receivables within one year +€390,243
up €390,243 (+61.9%), from €630,905 to €1.0m
of which Trade receivables: +€392,663
- Cash -€345,265
down €345,265 (-36.5%), from €946,926 to €601,661
mainly Contributions, distributions and other (-€1.8m) and Investment in fixed assets (net) (-€736,929)
Equity and liabilities
- Other debts +€465,165
up €465,165 (+29.8%), from €1.6m to €2.0m
- Short-term financial debts +€137,838
new in 2025: €137,838
Income statement
- Gross operating margin +€607,328
up €607,328 (+28.5%), from €2.1m to €2.7m
- Taxes +€93,526
up €93,526 (+17.7%), from €529,031 to €622,558
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.
Result 2024
€1.4m
Gross operating margin
+€607,328
Staff costs
-€6,882
Depreciation
-€1,035
Other operating charges
-€1,787
Financial income
+€2,636
Financial charges
-€20,218
Taxes
-€93,526
Result 2025
€1.8m
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.
From operations
+€2.1m
Investment
-€736,929
Financing
-€1.7m
Cash 2024
€946,926
From operations (derived)
+€2.1m
Net result for the year
+€1.8m
Depreciation
+€142,916
Receivables within one year
-€390,243
Trade debts
+€4,578
Tax, wage and social debts
+€53,356
Other debts
+€465,165
Accrued charges and deferred income
-€46,048
Investment (derived)
-€736,929
Investment in fixed assets (net)
-€736,929
Financing
-€1.7m
Debts after one year
-€7,188
Current portion of long-term debt
+€31,291
Short-term financial debts
+€137,838
Contributions, distributions and other
-€1.8m
Cash 2025
€601,661
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,615,834 | €8,254,826 | +€638,991 | +8.4% |
| Fixed assets | 21/28 | €5,778,970 | €6,372,983 | +€594,013 | +10.3% |
| Tangible fixed assets | 22/27 | €1,960,098 | €2,504,573 | +€544,475 | +27.8% |
| Land and buildings | 22 | €1,900,204 | €2,453,191 | +€552,987 | +29.1% |
| Plant, machinery and equipment | 23 | €1,265 | €26,426 | +€25,161 | +1989.3% |
| Furniture and vehicles | 24 | €58,629 | €24,956 | -€33,673 | -57.4% |
| Financial fixed assets | 28 | €3,818,872 | €3,868,410 | +€49,538 | +1.3% |
| Current assets | 29/58 | €1,836,864 | €1,881,843 | +€44,979 | +2.4% |
| Stocks and contracts in progress | 3 | €9,034 | €9,034 | = | 0.0% |
| Stocks | 30/36 | €9,034 | €9,034 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €630,905 | €1,021,148 | +€390,243 | +61.9% |
| Trade receivables | 40 | €628,227 | €1,020,890 | +€392,663 | +62.5% |
| Other amounts receivable | 41 | €2,678 | €258 | -€2,420 | -90.4% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €946,926 | €601,661 | -€345,265 | -36.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €7,615,834 | €8,254,826 | +€638,991 | +8.4% |
| Equity | 10/15 | €2,192,187 | €2,192,187 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,173,587 | €2,173,587 | = | 0.0% |
| Distributable reserves | 133 | €2,173,587 | €2,173,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,423,647 | €6,062,638 | +€638,991 | +11.8% |
| Amounts payable after more than one year | 17 | €3,200,363 | €3,193,174 | -€7,188 | -0.2% |
| Financial debts | 170/4 | €3,200,363 | €3,193,174 | -€7,188 | -0.2% |
| Amounts payable within one year | 42/48 | €2,177,131 | €2,869,358 | +€692,227 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €475,898 | €507,188 | +€31,291 | +6.6% |
| Financial debts | 43 | - | €137,838 | +€137,838 | |
| Credit institutions | 430/8 | - | €137,838 | +€137,838 | |
| Trade debts | 44 | €20,704 | €25,282 | +€4,578 | +22.1% |
| Suppliers | 440/4 | €20,704 | €25,282 | +€4,578 | +22.1% |
| Taxes, remuneration and social security | 45 | €120,124 | €173,480 | +€53,356 | +44.4% |
| Taxes | 450/3 | €108,095 | €160,909 | +€52,814 | +48.9% |
| Remuneration and social security | 454/9 | €12,028 | €12,570 | +€542 | +4.5% |
| Other amounts payable | 47/48 | €1,560,406 | €2,025,571 | +€465,165 | +29.8% |
| Accrued charges and deferred income | 492/3 | €46,154 | €106 | -€46,048 | -99.8% |
| Remuneration, social security and pensions | 62 | €43,636 | €50,519 | +€6,882 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,881 | €142,916 | +€1,035 | +0.7% |
| Other operating charges | 640/8 | €5,032 | €6,819 | +€1,787 | +35.5% |
| Gross operating margin | 9900 | €2,131,717 | €2,739,044 | +€607,328 | +28.5% |
| Operating profit (loss) | 9901 | €1,941,167 | €2,538,791 | +€597,623 | +30.8% |
| Financial income | 75/76B | €5,554 | €8,190 | +€2,636 | +47.5% |
| Recurring financial income | 75 | €5,554 | €8,190 | +€2,636 | +47.5% |
| Financial charges | 65/66B | €64,002 | €84,220 | +€20,218 | +31.6% |
| Recurring financial charges | 65 | €64,002 | €84,220 | +€20,218 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €1,882,720 | €2,462,761 | +€580,041 | +30.8% |
| Income taxes | 67/77 | €529,031 | €622,558 | +€93,526 | +17.7% |
| Profit (loss) for the period | 9904 | €1,353,689 | €1,840,203 | +€486,515 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,353,689 | €1,840,203 | +€486,515 | +35.9% |
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 5 October 2026 via checked.be.