NINA: 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.
NINA
Largest movements
- Receivables within one year +€249,904
up €249,904 (+185.5%), from €134,752 to €384,656
of which Trade receivables: +€230,126
- Tangible fixed assets -€23,629
down €23,629 (-90.1%), from €26,218 to €2,589
of which Furniture and vehicles: -€23,046
- Profit (loss) carried forward +€230,849
up €230,849 (+86.0%), from €268,439 to €499,289
- Advances received +€191,785
new in 2024: €191,785
- Other debts -€137,050
down €137,050 (-100.0%), from €137,050 to €0
- Debts after one year -€69,436
down €69,436 (-100.0%), from €69,436 to €0
- Tax, wage and social debts +€49,786
up €49,786 (+67.6%), from €73,695 to €123,481
of which Taxes: +€39,230
- Gross operating margin +€262,958
up €262,958 (+504.3%), from €52,140 to €315,097
- Taxes +€68,747
up €68,747 (+633.1%), from €10,858 to €79,605
- Depreciation -€6,100
down €6,100 (-87.6%), from €6,963 to €863
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €679,224 | €910,874 | +€231,650 | +34.1% |
| Fixed assets | 21/28 | €496,218 | €472,589 | -€23,629 | -4.8% |
| Tangible fixed assets | 22/27 | €26,218 | €2,589 | -€23,629 | -90.1% |
| Furniture and vehicles | 24 | €23,301 | €255 | -€23,046 | -98.9% |
| Other tangible fixed assets | 26 | €2,917 | €2,334 | -€583 | -20.0% |
| Financial fixed assets | 28 | €470,000 | €470,000 | = | 0.0% |
| Current assets | 29/58 | €183,006 | €438,285 | +€255,279 | +139.5% |
| Amounts receivable within one year | 40/41 | €134,752 | €384,656 | +€249,904 | +185.5% |
| Trade receivables | 40 | €484 | €230,610 | +€230,126 | +47588.0% |
| Other amounts receivable | 41 | €134,268 | €154,046 | +€19,778 | +14.7% |
| Cash at bank and in hand | 54/58 | €48,254 | €53,629 | +€5,375 | +11.1% |
| Total equity and liabilities | 10/49 | €679,224 | €910,874 | +€231,650 | +34.1% |
| Equity | 10/15 | €287,039 | €517,889 | +€230,849 | +80.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,439 | €499,289 | +€230,849 | +86.0% |
| Amounts payable | 17/49 | €392,185 | €392,985 | +€800 | +0.2% |
| Amounts payable after more than one year | 17 | €69,436 | €0 | -€69,436 | -100.0% |
| Financial debts | 170/4 | €69,436 | €0 | -€69,436 | -100.0% |
| Amounts payable within one year | 42/48 | €322,748 | €392,985 | +€70,237 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €104,627 | €69,436 | -€35,191 | -33.6% |
| Financial debts | 43 | - | €4,251 | +€4,251 | |
| Credit institutions | 430/8 | - | €4,251 | +€4,251 | |
| Trade debts | 44 | €7,376 | €4,031 | -€3,344 | -45.3% |
| Suppliers | 440/4 | €7,376 | €4,031 | -€3,344 | -45.3% |
| Advances received on contracts in progress | 46 | - | €191,785 | +€191,785 | |
| Taxes, remuneration and social security | 45 | €73,695 | €123,481 | +€49,786 | +67.6% |
| Taxes | 450/3 | €73,695 | €112,926 | +€39,230 | +53.2% |
| Remuneration and social security | 454/9 | - | €10,555 | +€10,555 | |
| Other amounts payable | 47/48 | €137,050 | €0 | -€137,050 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,963 | €863 | -€6,100 | -87.6% |
| Other operating charges | 640/8 | €552 | €651 | +€99 | +17.9% |
| Gross operating margin | 9900 | €52,140 | €315,097 | +€262,958 | +504.3% |
| Operating profit (loss) | 9901 | €44,625 | €313,583 | +€268,958 | +602.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -23.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -23.1% |
| Financial charges | 65/66B | €2,558 | €3,129 | +€571 | +22.3% |
| Recurring financial charges | 65 | €2,558 | €3,129 | +€571 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €42,067 | €310,455 | +€268,387 | +638.0% |
| Income taxes | 67/77 | €10,858 | €79,605 | +€68,747 | +633.1% |
| Profit (loss) for the period | 9904 | €31,209 | €230,849 | +€199,640 | +639.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,209 | €230,849 | +€199,640 | +639.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.