Ninane E. Management: 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.
Ninane E. Management
Largest movements
- Current investments +€55,000
up €55,000 (+157%), from €35,000 to €90,000
- Receivables after one year +€27,500
new in 2025: €27,500
- Cash +€3,715
up €3,715 (+49.8%), from €7,467 to €11,183
mainly Net result for the year (+€72,054) and Tax, wage and social debts (+€18,794)
- Tangible fixed assets +€3,344
up €3,344 (+61.5%), from €5,439 to €8,783
- Profit (loss) carried forward +€71,221
up €71,221 (+178%), from €40,015 to €111,236
- Tax, wage and social debts +€18,794
up €18,794 (+553%), from €3,400 to €22,194
- Gross operating margin +€39,934
up €39,934 (+72.9%), from €54,754 to €94,689
- Taxes +€8,093
up €8,093 (+74.2%), from €10,900 to €18,992
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 | €49,906 | €139,466 | +€89,559 | +179% |
| Fixed assets | 21/28 | €7,439 | €10,783 | +€3,344 | +45.0% |
| Tangible fixed assets | 22/27 | €5,439 | €8,783 | +€3,344 | +61.5% |
| Furniture and vehicles | 24 | €5,439 | €8,783 | +€3,344 | +61.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €42,467 | €128,683 | +€86,215 | +203% |
| Amounts receivable after more than one year | 29 | - | €27,500 | +€27,500 | |
| Trade receivables | 290 | - | €27,500 | +€27,500 | |
| Current investments | 50/53 | €35,000 | €90,000 | +€55,000 | +157% |
| Cash at bank and in hand | 54/58 | €7,467 | €11,183 | +€3,715 | +49.8% |
| Total equity and liabilities | 10/49 | €49,906 | €139,466 | +€89,559 | +179% |
| Equity | 10/15 | €45,015 | €116,236 | +€71,221 | +158% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,015 | €111,236 | +€71,221 | +178% |
| Amounts payable | 17/49 | €4,891 | €23,229 | +€18,338 | +375% |
| Amounts payable within one year | 42/48 | €4,891 | €23,229 | +€18,338 | +375% |
| Trade debts | 44 | €216 | €40 | -€176 | -81.4% |
| Suppliers | 440/4 | €216 | €40 | -€176 | -81.4% |
| Taxes, remuneration and social security | 45 | €3,400 | €22,194 | +€18,794 | +553% |
| Taxes | 450/3 | €3,400 | €22,194 | +€18,794 | +553% |
| Other amounts payable | 47/48 | €1,275 | €995 | -€280 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,161 | €1,584 | +€423 | +36.4% |
| Other operating charges | 640/8 | €1,168 | €1,730 | +€562 | +48.1% |
| Gross operating margin | 9900 | €54,754 | €94,689 | +€39,934 | +72.9% |
| Operating profit (loss) | 9901 | €52,425 | €91,375 | +€38,950 | +74.3% |
| Financial income | 75/76B | - | €747 | +€747 | |
| Recurring financial income | 75 | - | €680 | +€680 | |
| Non-recurring financial income | 76B | - | €67 | +€67 | |
| Financial charges | 65/66B | €710 | €1,076 | +€366 | +51.5% |
| Recurring financial charges | 65 | €710 | €1,076 | +€366 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €51,715 | €91,046 | +€39,331 | +76.1% |
| Income taxes | 67/77 | €10,900 | €18,992 | +€8,093 | +74.2% |
| Profit (loss) for the period | 9904 | €40,815 | €72,054 | +€31,239 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,815 | €72,054 | +€31,239 | +76.5% |
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 15 October 2026 via checked.be.