NINAP: 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.
NINAP
Largest movements
- Cash -€15,352
down €15,352 (-83.1%), from €18,475 to €3,122
mainly Debts after one year (-€11,854) and Net result for the year (-€7,522)
- Tangible fixed assets -€2,488
down €2,488 (-1.2%), from €200,644 to €198,156
- Debts after one year -€11,854
down €11,854 (-12.1%), from €97,740 to €85,886
- Profit (loss) carried forward -€7,522
down €7,522 (-11.9%), from -€63,098 to -€70,620
- Gross operating margin +€679
up €679 (+32.9%), from -€2,061 to -€1,382
- Financial charges -€223
down €223 (-7.2%), from €3,095 to €2,873
- Depreciation +€25
up €25 (+1.0%), from €2,463 to €2,488
- Other operating charges +€24
up €24 (+3.1%), from €756 to €779
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 | €220,435 | €201,278 | -€19,156 | -8.7% |
| Fixed assets | 21/28 | €200,644 | €198,156 | -€2,488 | -1.2% |
| Tangible fixed assets | 22/27 | €200,644 | €198,156 | -€2,488 | -1.2% |
| Land and buildings | 22 | €200,644 | €198,156 | -€2,488 | -1.2% |
| Current assets | 29/58 | €19,791 | €3,122 | -€16,669 | -84.2% |
| Cash at bank and in hand | 54/58 | €18,475 | €3,122 | -€15,352 | -83.1% |
| Deferred charges and accrued income | 490/1 | €1,317 | - | -€1,317 | |
| Total equity and liabilities | 10/49 | €220,435 | €201,278 | -€19,156 | -8.7% |
| Equity | 10/15 | -€13,098 | -€20,620 | -€7,522 | -57.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,098 | -€70,620 | -€7,522 | -11.9% |
| Amounts payable | 17/49 | €233,533 | €221,898 | -€11,635 | -5.0% |
| Amounts payable after more than one year | 17 | €97,740 | €85,886 | -€11,854 | -12.1% |
| Financial debts | 170/4 | €97,740 | €85,886 | -€11,854 | -12.1% |
| Amounts payable within one year | 42/48 | €135,792 | €136,012 | +€220 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €11,562 | €11,854 | +€292 | +2.5% |
| Trade debts | 44 | €387 | €424 | +€37 | +9.5% |
| Suppliers | 440/4 | €387 | €424 | +€37 | +9.5% |
| Other amounts payable | 47/48 | €123,843 | €123,734 | -€110 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,463 | €2,488 | +€25 | +1.0% |
| Other operating charges | 640/8 | €756 | €779 | +€24 | +3.1% |
| Gross operating margin | 9900 | -€2,061 | -€1,382 | +€679 | +32.9% |
| Operating profit (loss) | 9901 | -€5,280 | -€4,649 | +€631 | +11.9% |
| Financial charges | 65/66B | €3,095 | €2,873 | -€223 | -7.2% |
| Recurring financial charges | 65 | €3,095 | €2,873 | -€223 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,375 | -€7,522 | +€854 | +10.2% |
| Profit (loss) for the period | 9904 | -€8,375 | -€7,522 | +€854 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,375 | -€7,522 | +€854 | +10.2% |
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 9 October 2026 via checked.be.