NINA's: 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's
Largest movements
- Tangible fixed assets -€7,724
down €7,724 (-24.1%), from €32,005 to €24,281
of which Plant, machinery and equipment: -€5,576
- Cash +€3,188
up €3,188 (+13.6%), from €23,450 to €26,638
mainly Depreciation (+€9,236) and Net result for the year (+€6,203)
- Receivables within one year -€691
down €691 (-73.3%), from €943 to €252
of which Other amounts receivable: -€543
- Debts after one year -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
- Profit (loss) carried forward +€6,203
up €6,203 (+83.0%), from -€7,474 to -€1,271
- Trade debts -€1,630
down €1,630 (-37.2%), from €4,389 to €2,758
- Other debts +€804
up €804 (+28.0%), from €2,878 to €3,682
- Tax, wage and social debts -€614
down €614 (-24.7%), from €2,491 to €1,876
of which Remuneration and social security: -€851
- Gross operating margin -€6,553
down €6,553 (-14.2%), from €46,164 to €39,611
- Financial charges -€534
down €534 (-23.8%), from €2,245 to €1,710
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 | €60,883 | €55,645 | -€5,237 | -8.6% |
| Fixed assets | 21/28 | €32,230 | €24,506 | -€7,724 | -24.0% |
| Tangible fixed assets | 22/27 | €32,005 | €24,281 | -€7,724 | -24.1% |
| Land and buildings | 22 | €1,743 | €1,333 | -€410 | -23.5% |
| Plant, machinery and equipment | 23 | €26,593 | €21,016 | -€5,576 | -21.0% |
| Furniture and vehicles | 24 | €3,669 | €1,932 | -€1,737 | -47.4% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €28,653 | €31,140 | +€2,486 | +8.7% |
| Stocks and contracts in progress | 3 | €2,970 | €2,750 | -€220 | -7.4% |
| Stocks | 30/36 | €2,970 | €2,750 | -€220 | -7.4% |
| Amounts receivable within one year | 40/41 | €943 | €252 | -€691 | -73.3% |
| Trade receivables | 40 | €232 | €84 | -€148 | -63.9% |
| Other amounts receivable | 41 | €711 | €168 | -€543 | -76.3% |
| Cash at bank and in hand | 54/58 | €23,450 | €26,638 | +€3,188 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,290 | €1,500 | +€210 | +16.2% |
| Total equity and liabilities | 10/49 | €60,883 | €55,645 | -€5,237 | -8.6% |
| Equity | 10/15 | €11,126 | €17,329 | +€6,203 | +55.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,474 | -€1,271 | +€6,203 | +83.0% |
| Amounts payable | 17/49 | €49,757 | €38,317 | -€11,440 | -23.0% |
| Amounts payable after more than one year | 17 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Financial debts | 170/4 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Amounts payable within one year | 42/48 | €9,757 | €8,317 | -€1,440 | -14.8% |
| Trade debts | 44 | €4,389 | €2,758 | -€1,630 | -37.2% |
| Suppliers | 440/4 | €4,389 | €2,758 | -€1,630 | -37.2% |
| Taxes, remuneration and social security | 45 | €2,491 | €1,876 | -€614 | -24.7% |
| Taxes | 450/3 | €25 | €262 | +€237 | +948% |
| Remuneration and social security | 454/9 | €2,466 | €1,614 | -€851 | -34.5% |
| Other amounts payable | 47/48 | €2,878 | €3,682 | +€804 | +28.0% |
| Remuneration, social security and pensions | 62 | €21,253 | €21,306 | +€52 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,088 | €9,236 | +€148 | +1.6% |
| Other operating charges | 640/8 | €863 | €1,179 | +€316 | +36.6% |
| Gross operating margin | 9900 | €46,164 | €39,611 | -€6,553 | -14.2% |
| Operating profit (loss) | 9901 | €14,960 | €7,890 | -€7,070 | -47.3% |
| Financial income | 75/76B | €5 | €23 | +€18 | +346% |
| Recurring financial income | 75 | €5 | €23 | +€18 | +346% |
| Financial charges | 65/66B | €2,245 | €1,710 | -€534 | -23.8% |
| Recurring financial charges | 65 | €2,245 | €1,710 | -€534 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €12,721 | €6,203 | -€6,518 | -51.2% |
| Profit (loss) for the period | 9904 | €12,721 | €6,203 | -€6,518 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,721 | €6,203 | -€6,518 | -51.2% |
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 18 October 2026 via checked.be.