NINET Services: 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.
NINET Services
Largest movements
- Cash +€29,381
up €29,381 (+73.5%), from €39,979 to €69,360
mainly Other debts (+€33,141) and Net result for the year (+€13,595)
- Tangible fixed assets -€15,075
down €15,075 (-74.6%), from €20,200 to €5,125
- Receivables within one year -€6,012
down €6,012 (-18.1%), from €33,215 to €27,203
of which Other amounts receivable: -€6,639
- Intangible fixed assets +€3,413
new in 2025: €3,413
- Other debts +€33,141
new in 2025: €33,141
- Profit (loss) carried forward -€19,546
down €19,546 (-28.1%), from €69,546 to €50,000
- Tax, wage and social debts +€11,242
up €11,242 (+322%), from €3,495 to €14,737
of which Taxes: +€8,835
- Debts after one year -€10,317
no longer reported in 2025 (was €10,317)
- Current portion of long-term debt -€7,252
down €7,252 (-95.6%), from €7,586 to €334
- Depreciation -€4,444
down €4,444 (-56.3%), from €7,887 to €3,443
- Gross operating margin +€3,178
up €3,178 (+16.8%), from €18,906 to €22,085
- Taxes +€1,693
up €1,693 (+79.6%), from €2,127 to €3,820
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 | €109,545 | €121,744 | +€12,199 | +11.1% |
| Fixed assets | 21/28 | €21,517 | €9,485 | -€12,032 | -55.9% |
| Intangible fixed assets | 21 | - | €3,413 | +€3,413 | |
| Tangible fixed assets | 22/27 | €20,200 | €5,125 | -€15,075 | -74.6% |
| Furniture and vehicles | 24 | €20,200 | €5,125 | -€15,075 | -74.6% |
| Financial fixed assets | 28 | €1,317 | €947 | -€370 | -28.1% |
| Current assets | 29/58 | €88,028 | €112,259 | +€24,231 | +27.5% |
| Amounts receivable within one year | 40/41 | €33,215 | €27,203 | -€6,012 | -18.1% |
| Trade receivables | 40 | €23,530 | €24,157 | +€627 | +2.7% |
| Other amounts receivable | 41 | €9,685 | €3,046 | -€6,639 | -68.5% |
| Current investments | 50/53 | €14,700 | €14,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,979 | €69,360 | +€29,381 | +73.5% |
| Deferred charges and accrued income | 490/1 | €135 | €996 | +€861 | +640% |
| Total equity and liabilities | 10/49 | €109,545 | €121,744 | +€12,199 | +11.1% |
| Equity | 10/15 | €88,146 | €68,600 | -€19,546 | -22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,546 | €50,000 | -€19,546 | -28.1% |
| Amounts payable | 17/49 | €21,399 | €53,144 | +€31,745 | +148% |
| Amounts payable after more than one year | 17 | €10,317 | - | -€10,317 | |
| Financial debts | 170/4 | €10,317 | - | -€10,317 | |
| Amounts payable within one year | 42/48 | €11,081 | €53,144 | +€42,063 | +380% |
| Current portion of amounts payable after more than one year | 42 | €7,586 | €334 | -€7,252 | -95.6% |
| Trade debts | 44 | - | €4,932 | +€4,932 | |
| Suppliers | 440/4 | - | €4,932 | +€4,932 | |
| Taxes, remuneration and social security | 45 | €3,495 | €14,737 | +€11,242 | +322% |
| Taxes | 450/3 | €3,495 | €12,331 | +€8,835 | +253% |
| Remuneration and social security | 454/9 | - | €2,407 | +€2,407 | |
| Other amounts payable | 47/48 | - | €33,141 | +€33,141 | |
| Non-recurring operating income | 76A | - | €2,827 | +€2,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,887 | €3,443 | -€4,444 | -56.3% |
| Other operating charges | 640/8 | €1,182 | €1,113 | -€69 | -5.8% |
| Gross operating margin | 9900 | €18,906 | €22,085 | +€3,178 | +16.8% |
| Operating profit (loss) | 9901 | €9,837 | €17,529 | +€7,691 | +78.2% |
| Financial income | 75/76B | €397 | €265 | -€133 | -33.4% |
| Recurring financial income | 75 | €397 | €265 | -€133 | -33.4% |
| Financial charges | 65/66B | €578 | €379 | -€199 | -34.5% |
| Recurring financial charges | 65 | €578 | €379 | -€199 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €9,657 | €17,415 | +€7,758 | +80.3% |
| Income taxes | 67/77 | €2,127 | €3,820 | +€1,693 | +79.6% |
| Profit (loss) for the period | 9904 | €7,530 | €13,595 | +€6,065 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,530 | €13,595 | +€6,065 | +80.5% |
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.