NiNe Projects: 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.
NiNe Projects
Largest movements
- Stocks and contracts -€627,213
no longer reported in 2025 (was €627,213)
- Short-term financial debts -€522,384
no longer reported in 2025 (was €522,384)
- Debts after one year -€144,000
no longer reported in 2025 (was €144,000)
- Profit (loss) carried forward +€58,253
up €58,253 (+96.9%), from -€60,131 to -€1,878
- Trade debts -€11,164
down €11,164 (-50.8%), from €21,963 to €10,800
- Gross operating margin +€77,991
up €77,991, from -€3,656 to €74,335
- Financial charges -€15,017
down €15,017 (-49.2%), from €30,501 to €15,484
- Other operating charges -€2,015
down €2,015 (-76.8%), from €2,622 to €608
- Financial income -€821
down €821 (-85.8%), from €957 to €136
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 | €630,020 | €10,852 | -€619,168 | -98.3% |
| Current assets | 29/58 | €630,020 | €10,852 | -€619,168 | -98.3% |
| Stocks and contracts in progress | 3 | €627,213 | - | -€627,213 | |
| Stocks | 30/36 | €627,213 | - | -€627,213 | |
| Amounts receivable within one year | 40/41 | €2,306 | €6,189 | +€3,883 | +168% |
| Trade receivables | 40 | €2,232 | €6,000 | +€3,768 | +169% |
| Other amounts receivable | 41 | €75 | €189 | +€114 | +153% |
| Cash at bank and in hand | 54/58 | €500 | €4,663 | +€4,162 | +832% |
| Total equity and liabilities | 10/49 | €630,020 | €10,852 | -€619,168 | -98.3% |
| Equity | 10/15 | -€58,331 | -€78 | +€58,253 | +99.9% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,131 | -€1,878 | +€58,253 | +96.9% |
| Amounts payable | 17/49 | €688,351 | €10,930 | -€677,421 | -98.4% |
| Amounts payable after more than one year | 17 | €144,000 | - | -€144,000 | |
| Other amounts payable | 178/9 | €144,000 | - | -€144,000 | |
| Amounts payable within one year | 42/48 | €544,351 | €10,930 | -€533,421 | -98.0% |
| Financial debts | 43 | €522,384 | - | -€522,384 | |
| Credit institutions | 430/8 | €522,384 | - | -€522,384 | |
| Trade debts | 44 | €21,963 | €10,800 | -€11,164 | -50.8% |
| Suppliers | 440/4 | €21,963 | €10,800 | -€11,164 | -50.8% |
| Taxes, remuneration and social security | 45 | €3 | €130 | +€127 | +4,275% |
| Taxes | 450/3 | €3 | €130 | +€127 | +4,275% |
| Other operating charges | 640/8 | €2,622 | €608 | -€2,015 | -76.8% |
| Gross operating margin | 9900 | -€3,656 | €74,335 | +€77,991 | |
| Operating profit (loss) | 9901 | -€6,278 | €73,727 | +€80,005 | |
| Financial income | 75/76B | €957 | €136 | -€821 | -85.8% |
| Recurring financial income | 75 | €957 | €136 | -€821 | -85.8% |
| Financial charges | 65/66B | €30,501 | €15,484 | -€15,017 | -49.2% |
| Recurring financial charges | 65 | €30,501 | €15,484 | -€15,017 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,822 | €58,379 | +€94,201 | |
| Income taxes | 67/77 | - | €126 | +€126 | |
| Profit (loss) for the period | 9904 | -€35,822 | €58,253 | +€94,075 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,822 | €58,253 | +€94,075 |
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 14 October 2026 via checked.be.