NINA GROUP: 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 GROUP
Largest movements
- Cash +€28,190
up €28,190 (+33.6%), from €83,830 to €112,020
mainly Net result for the year (+€48,785) and Stocks and contracts (+€1,051)
- Tangible fixed assets +€4,186
new in 2025: €4,186
- Profit (loss) carried forward +€48,785
up €48,785 (+87.4%), from €55,811 to €104,596
- Tax, wage and social debts -€8,443
down €8,443 (-47.9%), from €17,631 to €9,188
of which Remuneration and social security: -€13,298
- Trade debts -€7,766
down €7,766 (-44.1%), from €17,604 to €9,837
- Turnover +€79,704
up €79,704 (+17.8%), from €447,722 to €527,426
- Purchases and services +€71,331
up €71,331 (+20.2%), from €353,518 to €424,849
- Staff costs -€36,008
down €36,008 (-49.2%), from €73,210 to €37,202
- Gross operating margin +€8,373
up €8,373 (+8.9%), from €94,204 to €102,577
- Taxes +€6,227
up €6,227 (+66.4%), from €9,384 to €15,611
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 | €103,891 | €136,467 | +€32,576 | +31.4% |
| Fixed assets | 21/28 | €7,500 | €11,686 | +€4,186 | +55.8% |
| Tangible fixed assets | 22/27 | - | €4,186 | +€4,186 | |
| Furniture and vehicles | 24 | - | €4,186 | +€4,186 | |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €96,391 | €124,781 | +€28,390 | +29.5% |
| Stocks and contracts in progress | 3 | €8,176 | €7,125 | -€1,051 | -12.9% |
| Stocks | 30/36 | €8,176 | €7,125 | -€1,051 | -12.9% |
| Amounts receivable within one year | 40/41 | €57 | €1,307 | +€1,250 | +2,199% |
| Trade receivables | 40 | €57 | €57 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €1,250 | +€1,250 | |
| Cash at bank and in hand | 54/58 | €83,830 | €112,020 | +€28,190 | +33.6% |
| Deferred charges and accrued income | 490/1 | €4,329 | €4,329 | = | 0.0% |
| Total equity and liabilities | 10/49 | €103,891 | €136,467 | +€32,576 | +31.4% |
| Equity | 10/15 | €68,657 | €117,442 | +€48,785 | +71.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €446 | €446 | = | 0.0% |
| Non-distributable reserves | 130/1 | €446 | €446 | = | 0.0% |
| Legal reserve | 130 | €446 | €446 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,811 | €104,596 | +€48,785 | +87.4% |
| Amounts payable | 17/49 | €35,234 | €19,025 | -€16,209 | -46.0% |
| Amounts payable within one year | 42/48 | €35,234 | €19,025 | -€16,209 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €17,604 | €9,837 | -€7,766 | -44.1% |
| Suppliers | 440/4 | €17,604 | €9,837 | -€7,766 | -44.1% |
| Taxes, remuneration and social security | 45 | €17,631 | €9,188 | -€8,443 | -47.9% |
| Taxes | 450/3 | €2,114 | €6,969 | +€4,855 | +230% |
| Remuneration and social security | 454/9 | €15,517 | €2,219 | -€13,298 | -85.7% |
| Turnover | 70 | €447,722 | €527,426 | +€79,704 | +17.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €353,518 | €424,849 | +€71,331 | +20.2% |
| Remuneration, social security and pensions | 62 | €73,210 | €37,202 | -€36,008 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €355 | +€355 | |
| Other operating charges | 640/8 | €710 | €233 | -€478 | -67.3% |
| Gross operating margin | 9900 | €94,204 | €102,577 | +€8,373 | +8.9% |
| Operating profit (loss) | 9901 | €20,283 | €64,788 | +€44,504 | +219% |
| Financial charges | 65/66B | €254 | €391 | +€137 | +53.9% |
| Recurring financial charges | 65 | €254 | €391 | +€137 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €20,029 | €64,396 | +€44,367 | +222% |
| Income taxes | 67/77 | €9,384 | €15,611 | +€6,227 | +66.4% |
| Profit (loss) for the period | 9904 | €10,645 | €48,785 | +€38,140 | +358% |
| Profit (loss) for the period to be appropriated | 9905 | €10,645 | €48,785 | +€38,140 | +358% |
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 24 October 2026 via checked.be.