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 -€150,466
down €150,466 (-36.9%), from €407,927 to €257,461
- Deferred charges and accrued income +€11,394
up €11,394 (+1,790%), from €637 to €12,031
- Tax, wage and social debts -€108,835
down €108,835 (-97.9%), from €111,134 to €2,299
- Trade debts -€27,247
no longer reported in 2025 (was €27,247)
- Other debts -€8,880
down €8,880 (-81.6%), from €10,880 to €2,000
- Reserves +€4,490
up €4,490 (+2.1%), from €214,996 to €219,486
- Gross operating margin -€314,290
down €314,290, from €311,445 to -€2,845
- Taxes -€100,454
down €100,454 (-97.8%), from €102,750 to €2,296
- Financial income +€12,031
new in 2025: €12,031
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 | €412,996 | €270,215 | -€142,780 | -34.6% |
| Current assets | 29/58 | €412,996 | €270,215 | -€142,780 | -34.6% |
| Amounts receivable within one year | 40/41 | €407,927 | €257,461 | -€150,466 | -36.9% |
| Other amounts receivable | 41 | €407,927 | €257,461 | -€150,466 | -36.9% |
| Cash at bank and in hand | 54/58 | €4,432 | €724 | -€3,708 | -83.7% |
| Deferred charges and accrued income | 490/1 | €637 | €12,031 | +€11,394 | +1,790% |
| Total equity and liabilities | 10/49 | €412,996 | €270,215 | -€142,780 | -34.6% |
| Equity | 10/15 | €261,426 | €265,916 | +€4,490 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214,996 | €219,486 | +€4,490 | +2.1% |
| Distributable reserves | 133 | €214,996 | €219,486 | +€4,490 | +2.1% |
| Profit (loss) carried forward | 14 | €27,830 | €27,830 | = | 0.0% |
| Amounts payable | 17/49 | €151,570 | €4,299 | -€147,271 | -97.2% |
| Amounts payable within one year | 42/48 | €149,261 | €4,299 | -€144,962 | -97.1% |
| Trade debts | 44 | €27,247 | - | -€27,247 | |
| Suppliers | 440/4 | €27,247 | - | -€27,247 | |
| Taxes, remuneration and social security | 45 | €111,134 | €2,299 | -€108,835 | -97.9% |
| Taxes | 450/3 | €111,134 | €2,299 | -€108,835 | -97.9% |
| Other amounts payable | 47/48 | €10,880 | €2,000 | -€8,880 | -81.6% |
| Accrued charges and deferred income | 492/3 | €2,309 | - | -€2,309 | |
| Non-recurring operating income | 76A | €309,711 | - | -€309,711 | |
| Other operating charges | 640/8 | €1,418 | €2,374 | +€956 | +67.5% |
| Gross operating margin | 9900 | €311,445 | -€2,845 | -€314,290 | |
| Operating profit (loss) | 9901 | €310,027 | -€5,219 | -€315,247 | |
| Financial income | 75/76B | - | €12,031 | +€12,031 | |
| Recurring financial income | 75 | - | €12,031 | +€12,031 | |
| Financial charges | 65/66B | €1,954 | €25 | -€1,929 | -98.7% |
| Recurring financial charges | 65 | €1,954 | €25 | -€1,929 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | €308,073 | €6,786 | -€301,287 | -97.8% |
| Income taxes | 67/77 | €102,750 | €2,296 | -€100,454 | -97.8% |
| Profit (loss) for the period | 9904 | €205,323 | €4,490 | -€200,833 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €205,323 | €4,490 | -€200,833 | -97.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.