Nina Consulting: what changed
Nina Consulting
Largest movements
- Receivables within one year -€81,405
down €81,405 (-63.5%), from €128,229 to €46,825
of which Trade receivables: -€91,532
- Deferred charges and accrued income -€25,441
down €25,441 (-99.0%), from €25,711 to €270
- Stocks and contracts +€14,152
new in 2025: €14,152
- Tangible fixed assets -€4,804
down €4,804 (-18.7%), from €25,649 to €20,844
of which Leasing and similar rights: -€6,610
- Cash -€2,525
down €2,525 (-13.8%), from €18,287 to €15,762
mainly Trade debts (-€68,686) and Advances received (-€22,410)
- Trade debts -€68,686
down €68,686 (-85.7%), from €80,191 to €11,505
of which Suppliers: -€61,498
- Advances received -€22,410
down €22,410 (-93.5%), from €23,973 to €1,563
- Profit (loss) carried forward -€10,197
down €10,197 (-15.2%), from €67,092 to €56,895
- Other debts +€7,950
new in 2025: €7,950
- Debts after one year -€6,418
down €6,418 (-33.6%), from €19,076 to €12,658
- Gross operating margin -€27,975
down €27,975 (-96.8%), from €28,913 to €938
- Financial income -€3,980
down €3,980 (-79.9%), from €4,980 to €1,000
of which Non-recurring financial income: -€4,018
- Taxes +€3,774
up €3,774, from -€3,704 to €71
- Other operating charges -€2,297
down €2,297 (-46.2%), from €4,977 to €2,680
- Financial charges -€1,518
down €1,518 (-45.4%), from €3,344 to €1,826
of which Non-recurring financial charges: -€1,270
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,876 | €97,854 | -€100,022 | -50.5% |
| Fixed assets | 21/28 | €25,649 | €20,844 | -€4,804 | -18.7% |
| Tangible fixed assets | 22/27 | €25,649 | €20,844 | -€4,804 | -18.7% |
| Plant, machinery and equipment | 23 | €515 | €2,128 | +€1,613 | +313% |
| Furniture and vehicles | 24 | €1,157 | €1,350 | +€193 | +16.7% |
| Leasing and similar rights | 25 | €23,977 | €17,367 | -€6,610 | -27.6% |
| Current assets | 29/58 | €172,227 | €77,010 | -€95,218 | -55.3% |
| Stocks and contracts in progress | 3 | - | €14,152 | +€14,152 | |
| Stocks | 30/36 | - | €14,152 | +€14,152 | |
| Amounts receivable within one year | 40/41 | €128,229 | €46,825 | -€81,405 | -63.5% |
| Trade receivables | 40 | €113,482 | €21,950 | -€91,532 | -80.7% |
| Other amounts receivable | 41 | €14,748 | €24,875 | +€10,127 | +68.7% |
| Cash at bank and in hand | 54/58 | €18,287 | €15,762 | -€2,525 | -13.8% |
| Deferred charges and accrued income | 490/1 | €25,711 | €270 | -€25,441 | -99.0% |
| Total equity and liabilities | 10/49 | €197,876 | €97,854 | -€100,022 | -50.5% |
| Equity | 10/15 | €67,592 | €57,395 | -€10,197 | -15.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,092 | €56,895 | -€10,197 | -15.2% |
| Amounts payable | 17/49 | €130,284 | €40,459 | -€89,825 | -68.9% |
| Amounts payable after more than one year | 17 | €19,076 | €12,658 | -€6,418 | -33.6% |
| Financial debts | 170/4 | €19,076 | €12,658 | -€6,418 | -33.6% |
| Amounts payable within one year | 42/48 | €111,208 | €27,756 | -€83,452 | -75.0% |
| Current portion of amounts payable after more than one year | 42 | €6,035 | €6,418 | +€383 | +6.3% |
| Trade debts | 44 | €80,191 | €11,505 | -€68,686 | -85.7% |
| Suppliers | 440/4 | €73,004 | €11,505 | -€61,498 | -84.2% |
| Bills of exchange payable | 441 | €7,188 | - | -€7,188 | |
| Advances received on contracts in progress | 46 | €23,973 | €1,563 | -€22,410 | -93.5% |
| Taxes, remuneration and social security | 45 | €1,009 | €319 | -€690 | -68.3% |
| Taxes | 450/3 | €1,009 | €319 | -€690 | -68.3% |
| Other amounts payable | 47/48 | - | €7,950 | +€7,950 | |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,381 | €7,559 | +€178 | +2.4% |
| Other operating charges | 640/8 | €4,977 | €2,680 | -€2,297 | -46.2% |
| Gross operating margin | 9900 | €28,913 | €938 | -€27,975 | -96.8% |
| Operating profit (loss) | 9901 | €16,555 | -€9,301 | -€25,856 | |
| Financial income | 75/76B | €4,980 | €1,000 | -€3,980 | -79.9% |
| Recurring financial income | 75 | €962 | €1,000 | +€38 | +3.9% |
| Non-recurring financial income | 76B | €4,018 | - | -€4,018 | |
| Financial charges | 65/66B | €3,344 | €1,826 | -€1,518 | -45.4% |
| Recurring financial charges | 65 | €2,074 | €1,826 | -€249 | -12.0% |
| Non-recurring financial charges | 66B | €1,270 | - | -€1,270 | |
| Profit (loss) for the period before taxes | 9903 | €18,191 | -€10,126 | -€28,317 | |
| Income taxes | 67/77 | -€3,704 | €71 | +€3,774 | |
| Profit (loss) for the period | 9904 | €21,895 | -€10,197 | -€32,092 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,895 | -€10,197 | -€32,092 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.