NINEF: 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.
NINEF
Largest movements
- Tangible fixed assets +€15,864
new in 2024: €15,864
of which Furniture and vehicles: +€8,671
- Receivables within one year +€5,171
up €5,171 (+142.4%), from €3,630 to €8,802
of which Other amounts receivable: +€7,127
- Deferred charges and accrued income +€3,825
new in 2024: €3,825
- Formation expenses -€743
no longer reported in 2024 (was €743)
- Cash -€733
down €733 (-33.4%), from €2,194 to €1,461
mainly Investment in fixed assets (net) (-€18,204) and Receivables within one year (-€5,171)
- Trade debts +€15,322
up €15,322 (+536.0%), from €2,859 to €18,181
- Other debts +€6,154
up €6,154 (+86.1%), from €7,150 to €13,304
- Profit (loss) carried forward +€1,909
up €1,909 (+10.4%), from -€18,442 to -€16,533
- Gross operating margin +€23,904
up €23,904, from -€18,370 to €5,534
- Depreciation +€3,082
new in 2024: €3,082
- Financial charges +€420
up €420 (+569.7%), from €74 to €494
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,567 | €29,952 | +€23,385 | +356.1% |
| Formation expenses | 20 | €743 | - | -€743 | |
| Fixed assets | 21/28 | - | €15,864 | +€15,864 | |
| Tangible fixed assets | 22/27 | - | €15,864 | +€15,864 | |
| Furniture and vehicles | 24 | - | €8,671 | +€8,671 | |
| Other tangible fixed assets | 26 | - | €7,193 | +€7,193 | |
| Current assets | 29/58 | €5,824 | €14,087 | +€8,263 | +141.9% |
| Amounts receivable within one year | 40/41 | €3,630 | €8,802 | +€5,171 | +142.4% |
| Trade receivables | 40 | €2,001 | €45 | -€1,956 | -97.7% |
| Other amounts receivable | 41 | €1,629 | €8,756 | +€7,127 | +437.4% |
| Cash at bank and in hand | 54/58 | €2,194 | €1,461 | -€733 | -33.4% |
| Deferred charges and accrued income | 490/1 | - | €3,825 | +€3,825 | |
| Total equity and liabilities | 10/49 | €6,567 | €29,952 | +€23,385 | +356.1% |
| Equity | 10/15 | -€3,442 | -€1,533 | +€1,909 | +55.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,442 | -€16,533 | +€1,909 | +10.4% |
| Amounts payable | 17/49 | €10,009 | €31,485 | +€21,476 | +214.6% |
| Amounts payable within one year | 42/48 | €10,009 | €31,485 | +€21,476 | +214.6% |
| Trade debts | 44 | €2,859 | €18,181 | +€15,322 | +536.0% |
| Suppliers | 440/4 | €2,859 | €18,181 | +€15,322 | +536.0% |
| Other amounts payable | 47/48 | €7,150 | €13,304 | +€6,154 | +86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,082 | +€3,082 | |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Gross operating margin | 9900 | -€18,370 | €5,534 | +€23,904 | |
| Operating profit (loss) | 9901 | -€18,370 | €2,402 | +€20,772 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €74 | €494 | +€420 | +569.7% |
| Recurring financial charges | 65 | €74 | €494 | +€420 | +569.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,442 | €1,909 | +€20,351 | |
| Profit (loss) for the period | 9904 | -€18,442 | €1,909 | +€20,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,442 | €1,909 | +€20,351 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.