NINA CIAO: 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 CIAO
Largest movements
- Cash +€19,559
up €19,559 (+263%), from €7,449 to €27,008
mainly Net result for the year (+€12,920) and Depreciation (+€5,005)
- Receivables within one year -€4,038
down €4,038 (-55.0%), from €7,345 to €3,307
of which Trade receivables: -€3,386
- Stocks and contracts -€2,000
down €2,000 (-42.0%), from €4,760 to €2,760
- Tangible fixed assets +€1,917
up €1,917 (+22.2%), from €8,647 to €10,564
of which Furniture and vehicles: +€1,446
- Profit (loss) carried forward +€12,920
up €12,920, from -€6,732 to €6,188
- Tax, wage and social debts +€3,861
new in 2025: €3,861
of which Taxes: +€2,025
- Trade debts -€972
down €972 (-26.4%), from €3,682 to €2,710
- Gross operating margin +€34,721
up €34,721, from -€3,972 to €30,749
- Staff costs +€9,121
new in 2025: €9,121
- Depreciation +€3,017
up €3,017 (+152%), from €1,988 to €5,005
- Taxes +€2,025
new in 2025: €2,025
- Financial charges +€966
up €966 (+337%), from €287 to €1,253
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 | €35,501 | €50,939 | +€15,438 | +43.5% |
| Fixed assets | 21/28 | €15,947 | €17,864 | +€1,917 | +12.0% |
| Tangible fixed assets | 22/27 | €8,647 | €10,564 | +€1,917 | +22.2% |
| Land and buildings | 22 | - | €1,433 | +€1,433 | |
| Plant, machinery and equipment | 23 | €8,647 | €7,685 | -€962 | -11.1% |
| Furniture and vehicles | 24 | - | €1,446 | +€1,446 | |
| Financial fixed assets | 28 | €7,300 | €7,300 | = | 0.0% |
| Current assets | 29/58 | €19,554 | €33,075 | +€13,521 | +69.1% |
| Stocks and contracts in progress | 3 | €4,760 | €2,760 | -€2,000 | -42.0% |
| Stocks | 30/36 | €4,760 | €2,760 | -€2,000 | -42.0% |
| Amounts receivable within one year | 40/41 | €7,345 | €3,307 | -€4,038 | -55.0% |
| Trade receivables | 40 | €6,198 | €2,812 | -€3,386 | -54.6% |
| Other amounts receivable | 41 | €1,147 | €495 | -€652 | -56.8% |
| Cash at bank and in hand | 54/58 | €7,449 | €27,008 | +€19,559 | +263% |
| Total equity and liabilities | 10/49 | €35,501 | €50,939 | +€15,438 | +43.5% |
| Equity | 10/15 | -€3,732 | €9,188 | +€12,920 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,732 | €6,188 | +€12,920 | |
| Amounts payable | 17/49 | €39,233 | €41,751 | +€2,518 | +6.4% |
| Amounts payable within one year | 42/48 | €39,233 | €41,751 | +€2,518 | +6.4% |
| Trade debts | 44 | €3,682 | €2,710 | -€972 | -26.4% |
| Suppliers | 440/4 | €3,682 | €2,710 | -€972 | -26.4% |
| Taxes, remuneration and social security | 45 | - | €3,861 | +€3,861 | |
| Taxes | 450/3 | - | €2,025 | +€2,025 | |
| Remuneration and social security | 454/9 | - | €1,836 | +€1,836 | |
| Other amounts payable | 47/48 | €35,551 | €35,180 | -€371 | -1.0% |
| Remuneration, social security and pensions | 62 | - | €9,121 | +€9,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,988 | €5,005 | +€3,017 | +152% |
| Other operating charges | 640/8 | €485 | €435 | -€50 | -10.3% |
| Gross operating margin | 9900 | -€3,972 | €30,749 | +€34,721 | |
| Operating profit (loss) | 9901 | -€6,445 | €16,188 | +€22,633 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €287 | €1,253 | +€966 | +337% |
| Recurring financial charges | 65 | €287 | €1,253 | +€966 | +337% |
| Profit (loss) for the period before taxes | 9903 | -€6,732 | €14,945 | +€21,677 | |
| Income taxes | 67/77 | - | €2,025 | +€2,025 | |
| Profit (loss) for the period | 9904 | -€6,732 | €12,920 | +€19,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,732 | €12,920 | +€19,652 |
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 26 October 2026 via checked.be.