NINALIPA: what changed
Two fiscal 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.
NINALIPA
Largest movements
- Financial fixed assets -€149,897
down €149,897 (-11.9%), from €1.3m to €1.1m
- Cash -€51,489
down €51,489 (-83.1%), from €61,937 to €10,448
mainly Debts after one year (-€140,812) and Other debts (-€58,064)
- Receivables within one year +€21,243
up €21,243 (+40.9%), from €51,966 to €73,210
of which Other amounts receivable: +€50,659
- Debts after one year -€140,812
down €140,812 (-32.1%), from €438,887 to €298,075
- Other debts -€58,064
down €58,064 (-23.2%), from €250,570 to €192,506
- Reserves +€44,000
up €44,000 (+14.0%), from €315,000 to €359,000
of which Distributable reserves: +€44,000
- Tax, wage and social debts -€41,786
down €41,786 (-48.6%), from €85,979 to €44,193
of which Taxes: -€42,066
- Short-term financial debts +€17,631
new in 2025: €17,631
- Financial income -€299,900
down €299,900 (-100.0%), from €300,000 to €100
- Staff costs -€13,667
down €13,667 (-14.2%), from €96,059 to €82,392
- Gross operating margin -€9,418
down €9,418 (-3.8%), from €246,629 to €237,212
- Taxes +€4,071
up €4,071 (+12.6%), from €32,323 to €36,394
- Financial charges -€3,159
down €3,159 (-15.4%), from €20,482 to €17,323
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.
Cash bridge derived
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 | €1,377,798 | €1,196,443 | -€181,356 | -13.2% |
| Fixed assets | 21/28 | €1,254,500 | €1,104,603 | -€149,897 | -11.9% |
| Financial fixed assets | 28 | €1,254,500 | €1,104,603 | -€149,897 | -11.9% |
| Current assets | 29/58 | €123,298 | €91,840 | -€31,458 | -25.5% |
| Amounts receivable within one year | 40/41 | €51,966 | €73,210 | +€21,243 | +40.9% |
| Trade receivables | 40 | €50,420 | €21,004 | -€29,416 | -58.3% |
| Other amounts receivable | 41 | €1,546 | €52,206 | +€50,659 | +3275.9% |
| Cash at bank and in hand | 54/58 | €61,937 | €10,448 | -€51,489 | -83.1% |
| Deferred charges and accrued income | 490/1 | €9,395 | €8,182 | -€1,213 | -12.9% |
| Total equity and liabilities | 10/49 | €1,377,798 | €1,196,443 | -€181,356 | -13.2% |
| Equity | 10/15 | €465,024 | €509,525 | +€44,501 | +9.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €315,000 | €359,000 | +€44,000 | +14.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €344,000 | +€44,000 | +14.7% |
| Profit (loss) carried forward | 14 | €24 | €525 | +€501 | +2091.2% |
| Amounts payable | 17/49 | €912,774 | €686,918 | -€225,857 | -24.7% |
| Amounts payable after more than one year | 17 | €438,887 | €298,075 | -€140,812 | -32.1% |
| Financial debts | 170/4 | €438,887 | €298,075 | -€140,812 | -32.1% |
| Amounts payable within one year | 42/48 | €473,887 | €388,843 | -€85,044 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €113,886 | €116,812 | +€2,926 | +2.6% |
| Financial debts | 43 | - | €17,631 | +€17,631 | |
| Credit institutions | 430/8 | - | €17,631 | +€17,631 | |
| Trade debts | 44 | €23,452 | €17,701 | -€5,751 | -24.5% |
| Suppliers | 440/4 | €23,452 | €17,701 | -€5,751 | -24.5% |
| Taxes, remuneration and social security | 45 | €85,979 | €44,193 | -€41,786 | -48.6% |
| Taxes | 450/3 | €76,819 | €34,753 | -€42,066 | -54.8% |
| Remuneration and social security | 454/9 | €9,160 | €9,440 | +€280 | +3.1% |
| Other amounts payable | 47/48 | €250,570 | €192,506 | -€58,064 | -23.2% |
| Remuneration, social security and pensions | 62 | €96,059 | €82,392 | -€13,667 | -14.2% |
| Other operating charges | 640/8 | €4,136 | €1,701 | -€2,435 | -58.9% |
| Gross operating margin | 9900 | €246,629 | €237,212 | -€9,418 | -3.8% |
| Operating profit (loss) | 9901 | €146,434 | €153,118 | +€6,684 | +4.6% |
| Financial income | 75/76B | €300,000 | €100 | -€299,900 | -100.0% |
| Recurring financial income | 75 | €300,000 | €100 | -€299,900 | -100.0% |
| Financial charges | 65/66B | €20,482 | €17,323 | -€3,159 | -15.4% |
| Recurring financial charges | 65 | €20,482 | €17,323 | -€3,159 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €425,952 | €135,895 | -€290,057 | -68.1% |
| Income taxes | 67/77 | €32,323 | €36,394 | +€4,071 | +12.6% |
| Profit (loss) for the period | 9904 | €393,629 | €99,501 | -€294,128 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €393,629 | €99,501 | -€294,128 | -74.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.