NINA HELLEMANS: 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 HELLEMANS
Largest movements
- Tangible fixed assets +€14,735
new in 2025: €14,735
of which Furniture and vehicles: +€13,580
- Cash +€13,088
up €13,088 (+765%), from €1,711 to €14,799
mainly Net result for the year (+€25,150) and Depreciation (+€3,135)
- Profit (loss) carried forward +€25,150
up €25,150, from -€1,553 to €23,598
- Debts after one year +€1,646
up €1,646 (+65.8%), from €2,500 to €4,146
- Tax, wage and social debts +€1,155
new in 2025: €1,155
- Gross operating margin +€38,877
up €38,877, from -€1,503 to €37,374
- Taxes +€7,364
new in 2025: €7,364
- Depreciation +€3,135
new in 2025: €3,135
- Financial charges +€1,262
new in 2025: €1,262
- Other operating charges +€413
up €413 (+827%), from €50 to €463
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 | €1,947 | €29,954 | +€28,006 | +1,438% |
| Fixed assets | 21/28 | - | €14,735 | +€14,735 | |
| Tangible fixed assets | 22/27 | - | €14,735 | +€14,735 | |
| Plant, machinery and equipment | 23 | - | €1,155 | +€1,155 | |
| Furniture and vehicles | 24 | - | €13,580 | +€13,580 | |
| Current assets | 29/58 | €1,947 | €15,219 | +€13,272 | +682% |
| Amounts receivable within one year | 40/41 | €236 | €316 | +€79 | +33.6% |
| Other amounts receivable | 41 | €236 | €316 | +€79 | +33.6% |
| Cash at bank and in hand | 54/58 | €1,711 | €14,799 | +€13,088 | +765% |
| Deferred charges and accrued income | 490/1 | - | €104 | +€104 | |
| Total equity and liabilities | 10/49 | €1,947 | €29,954 | +€28,006 | +1,438% |
| Equity | 10/15 | -€553 | €24,598 | +€25,150 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,553 | €23,598 | +€25,150 | |
| Amounts payable | 17/49 | €2,500 | €5,356 | +€2,856 | +114% |
| Amounts payable after more than one year | 17 | €2,500 | €4,146 | +€1,646 | +65.8% |
| Financial debts | 170/4 | €2,500 | €4,146 | +€1,646 | +65.8% |
| Amounts payable within one year | 42/48 | - | €1,182 | +€1,182 | |
| Trade debts | 44 | - | €27 | +€27 | |
| Suppliers | 440/4 | - | €27 | +€27 | |
| Taxes, remuneration and social security | 45 | - | €1,155 | +€1,155 | |
| Taxes | 450/3 | - | €1,155 | +€1,155 | |
| Accrued charges and deferred income | 492/3 | - | €28 | +€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,135 | +€3,135 | |
| Other operating charges | 640/8 | €50 | €463 | +€413 | +827% |
| Gross operating margin | 9900 | -€1,503 | €37,374 | +€38,877 | |
| Operating profit (loss) | 9901 | -€1,553 | €33,776 | +€35,328 | |
| Financial charges | 65/66B | - | €1,262 | +€1,262 | |
| Recurring financial charges | 65 | - | €1,262 | +€1,262 | |
| Profit (loss) for the period before taxes | 9903 | -€1,553 | €32,514 | +€34,066 | |
| Income taxes | 67/77 | - | €7,364 | +€7,364 | |
| Profit (loss) for the period | 9904 | -€1,553 | €25,150 | +€26,703 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,553 | €25,150 | +€26,703 |
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 16 October 2026 via checked.be.