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
- Tangible fixed assets +€11,828
up €11,828 (+531.4%), from €2,226 to €14,053
of which Other tangible fixed assets: +€9,346
- Cash -€2,210
down €2,210 (-14.1%), from €15,658 to €13,448
mainly Investment in fixed assets (net) (-€12,711) and Receivables within one year (-€460)
- Receivables within one year +€460
new in 2025: €460
- Profit (loss) carried forward +€8,604
up €8,604 (+159.9%), from €5,381 to €13,985
- Trade debts +€1,096
up €1,096 (+289.7%), from €378 to €1,474
- Tax, wage and social debts +€369
up €369 (+6.2%), from €5,932 to €6,302
- Gross operating margin +€9,535
up €9,535 (+110.7%), from €8,617 to €18,152
- Staff costs +€2,352
up €2,352 (+154.7%), from €1,520 to €3,872
- Other operating charges +€2,161
new in 2025: €2,161
- Taxes +€909
up €909 (+55.8%), from €1,630 to €2,540
- Depreciation +€874
up €874 (+8943.5%), from €10 to €884
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 | €17,883 | €27,961 | +€10,078 | +56.4% |
| Fixed assets | 21/28 | €2,226 | €14,053 | +€11,828 | +531.4% |
| Tangible fixed assets | 22/27 | €2,226 | €14,053 | +€11,828 | +531.4% |
| Furniture and vehicles | 24 | - | €2,482 | +€2,482 | |
| Other tangible fixed assets | 26 | €2,226 | €11,572 | +€9,346 | +419.9% |
| Current assets | 29/58 | €15,658 | €13,908 | -€1,749 | -11.2% |
| Amounts receivable within one year | 40/41 | - | €460 | +€460 | |
| Other amounts receivable | 41 | - | €460 | +€460 | |
| Cash at bank and in hand | 54/58 | €15,658 | €13,448 | -€2,210 | -14.1% |
| Total equity and liabilities | 10/49 | €17,883 | €27,961 | +€10,078 | +56.4% |
| Equity | 10/15 | €7,381 | €15,985 | +€8,604 | +116.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,381 | €13,985 | +€8,604 | +159.9% |
| Amounts payable | 17/49 | €10,502 | €11,976 | +€1,474 | +14.0% |
| Amounts payable within one year | 42/48 | €10,502 | €11,976 | +€1,474 | +14.0% |
| Trade debts | 44 | €378 | €1,474 | +€1,096 | +289.7% |
| Suppliers | 440/4 | €378 | €1,474 | +€1,096 | +289.7% |
| Taxes, remuneration and social security | 45 | €5,932 | €6,302 | +€369 | +6.2% |
| Taxes | 450/3 | €5,932 | €6,302 | +€369 | +6.2% |
| Other amounts payable | 47/48 | €4,192 | €4,201 | +€9 | +0.2% |
| Remuneration, social security and pensions | 62 | €1,520 | €3,872 | +€2,352 | +154.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10 | €884 | +€874 | +8943.5% |
| Other operating charges | 640/8 | - | €2,161 | +€2,161 | |
| Gross operating margin | 9900 | €8,617 | €18,152 | +€9,535 | +110.7% |
| Operating profit (loss) | 9901 | €7,087 | €11,235 | +€4,148 | +58.5% |
| Financial charges | 65/66B | €76 | €92 | +€16 | +21.0% |
| Recurring financial charges | 65 | €76 | €92 | +€16 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €7,011 | €11,144 | +€4,133 | +58.9% |
| Income taxes | 67/77 | €1,630 | €2,540 | +€909 | +55.8% |
| Profit (loss) for the period | 9904 | €5,381 | €8,604 | +€3,223 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,381 | €8,604 | +€3,223 | +59.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.