Ninavar: 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.
Ninavar
Largest movements
- Receivables within one year -€27,285
down €27,285 (-83.2%), from €32,797 to €5,512
of which Trade receivables: -€27,285
- Tangible fixed assets -€17,228
down €17,228 (-13.8%), from €124,973 to €107,744
of which Furniture and vehicles: -€16,048
- Other debts -€30,091
down €30,091 (-8.9%), from €339,865 to €309,774
- Debts after one year -€18,664
down €18,664 (-28.9%), from €64,545 to €45,881
- Profit (loss) carried forward +€17,270
up €17,270 (+4.3%), from -€401,254 to -€383,984
- Trade debts -€9,512
down €9,512 (-11.2%), from €85,256 to €75,744
- Gross operating margin -€26,072
down €26,072 (-40.1%), from €65,000 to €38,928
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 | €190,273 | €147,724 | -€42,549 | -22.4% |
| Fixed assets | 21/28 | €125,523 | €110,050 | -€15,472 | -12.3% |
| Tangible fixed assets | 22/27 | €124,973 | €107,744 | -€17,228 | -13.8% |
| Plant, machinery and equipment | 23 | €2,061 | €881 | -€1,180 | -57.3% |
| Furniture and vehicles | 24 | €122,912 | €106,864 | -€16,048 | -13.1% |
| Financial fixed assets | 28 | €550 | €2,306 | +€1,756 | +319.4% |
| Current assets | 29/58 | €64,751 | €37,674 | -€27,077 | -41.8% |
| Stocks and contracts in progress | 3 | €30,014 | €31,237 | +€1,223 | +4.1% |
| Stocks | 30/36 | €30,014 | €31,237 | +€1,223 | +4.1% |
| Amounts receivable within one year | 40/41 | €32,797 | €5,512 | -€27,285 | -83.2% |
| Trade receivables | 40 | €32,797 | €5,512 | -€27,285 | -83.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,940 | €925 | -€1,014 | -52.3% |
| Total equity and liabilities | 10/49 | €190,273 | €147,724 | -€42,549 | -22.4% |
| Equity | 10/15 | -€320,688 | -€303,419 | +€17,270 | +5.4% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€401,254 | -€383,984 | +€17,270 | +4.3% |
| Amounts payable | 17/49 | €510,962 | €451,143 | -€59,819 | -11.7% |
| Amounts payable after more than one year | 17 | €64,545 | €45,881 | -€18,664 | -28.9% |
| Financial debts | 170/4 | €64,545 | €45,881 | -€18,664 | -28.9% |
| Amounts payable within one year | 42/48 | €446,416 | €405,261 | -€41,155 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €18,664 | €18,664 | = | 0.0% |
| Trade debts | 44 | €85,256 | €75,744 | -€9,512 | -11.2% |
| Suppliers | 440/4 | €85,256 | €75,744 | -€9,512 | -11.2% |
| Taxes, remuneration and social security | 45 | €2,632 | €1,080 | -€1,552 | -59.0% |
| Taxes | 450/3 | €2,632 | €1,080 | -€1,552 | -59.0% |
| Other amounts payable | 47/48 | €339,865 | €309,774 | -€30,091 | -8.9% |
| Non-recurring operating income | 76A | €13,123 | €0 | -€13,123 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,212 | €18,228 | +€16 | +0.1% |
| Other operating charges | 640/8 | €3,052 | €3,186 | +€135 | +4.4% |
| Gross operating margin | 9900 | €65,000 | €38,928 | -€26,072 | -40.1% |
| Operating profit (loss) | 9901 | €43,736 | €17,513 | -€26,222 | -60.0% |
| Financial income | 75/76B | €31 | €0 | -€31 | -100.0% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -100.0% |
| Financial charges | 65/66B | €172 | €244 | +€71 | +41.5% |
| Recurring financial charges | 65 | €172 | €244 | +€71 | +41.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €43,594 | €17,270 | -€26,325 | -60.4% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | €43,593 | €17,270 | -€26,323 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,593 | €17,270 | -€26,323 | -60.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.