Ninatrust: 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.
Ninatrust
Largest movements
- Cash +€20,097
up €20,097 (+112.6%), from €17,844 to €37,941
mainly Trade debts (+€13,123) and Net result for the year (+€11,744)
- Receivables within one year -€5,123
down €5,123 (-2.7%), from €188,068 to €182,945
of which Other amounts receivable: -€6,431
- Trade debts +€13,123
up €13,123 (+10415.3%), from €126 to €13,249
- Gross operating margin -€387,204
down €387,204 (-94.2%), from €410,962 to €23,758
- Taxes -€120,548
down €120,548 (-96.3%), from €125,221 to €4,674
- Financial charges -€5,748
down €5,748 (-99.2%), from €5,793 to €45
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 | €381,524 | €395,485 | +€13,961 | +3.7% |
| Fixed assets | 21/28 | €137,612 | €136,599 | -€1,013 | -0.7% |
| Tangible fixed assets | 22/27 | €137,612 | €136,599 | -€1,013 | -0.7% |
| Land and buildings | 22 | €137,612 | €136,599 | -€1,013 | -0.7% |
| Current assets | 29/58 | €243,912 | €258,886 | +€14,974 | +6.1% |
| Amounts receivable within one year | 40/41 | €188,068 | €182,945 | -€5,123 | -2.7% |
| Trade receivables | 40 | - | €1,308 | +€1,308 | |
| Other amounts receivable | 41 | €188,068 | €181,637 | -€6,431 | -3.4% |
| Current investments | 50/53 | €38,000 | €38,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,844 | €37,941 | +€20,097 | +112.6% |
| Total equity and liabilities | 10/49 | €381,524 | €395,485 | +€13,961 | +3.7% |
| Equity | 10/15 | €366,726 | €365,430 | -€1,296 | -0.4% |
| Contributions | 10/11 | €58,498 | €58,498 | = | 0.0% |
| Reserves | 13 | €308,228 | €306,932 | -€1,296 | -0.4% |
| Distributable reserves | 133 | €308,228 | €306,932 | -€1,296 | -0.4% |
| Amounts payable | 17/49 | €14,798 | €30,055 | +€15,257 | +103.1% |
| Amounts payable within one year | 42/48 | €14,798 | €30,055 | +€15,257 | +103.1% |
| Trade debts | 44 | €126 | €13,249 | +€13,123 | +10415.3% |
| Suppliers | 440/4 | €126 | €13,249 | +€13,123 | +10415.3% |
| Taxes, remuneration and social security | 45 | €14,672 | €16,806 | +€2,134 | +14.5% |
| Taxes | 450/3 | €14,672 | €16,806 | +€2,134 | +14.5% |
| Non-recurring operating income | 76A | €379,758 | - | -€379,758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,013 | €1,013 | = | 0.0% |
| Other operating charges | 640/8 | €10,103 | €9,363 | -€740 | -7.3% |
| Gross operating margin | 9900 | €410,962 | €23,758 | -€387,204 | -94.2% |
| Operating profit (loss) | 9901 | €399,846 | €13,382 | -€386,464 | -96.7% |
| Financial income | 75/76B | €550 | €3,081 | +€2,531 | +460.2% |
| Recurring financial income | 75 | €550 | €3,081 | +€2,531 | +460.2% |
| Financial charges | 65/66B | €5,793 | €45 | -€5,748 | -99.2% |
| Recurring financial charges | 65 | €5,793 | €45 | -€5,748 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €394,604 | €16,418 | -€378,186 | -95.8% |
| Income taxes | 67/77 | €125,221 | €4,674 | -€120,548 | -96.3% |
| Profit (loss) for the period | 9904 | €269,382 | €11,744 | -€257,638 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €269,382 | €11,744 | -€257,638 | -95.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.