Ninho: 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.
Ninho
Largest movements
- Cash +€247,269
up €247,269 (+130%), from €189,809 to €437,078
mainly Other debts (+€1.2m) and Net result for the year (+€778,923)
- Other debts +€1.2m
up €1.2m (+1,201%), from €100,000 to €1.3m
- Reserves -€632,842
down €632,842 (-72.5%), from €872,546 to €239,703
of which Distributable reserves: -€632,842
- Debts after one year -€575,389
down €575,389 (-29.9%), from €1.9m to €1.3m
- Current portion of long-term debt +€232,986
up €232,986 (+59.4%), from €392,270 to €625,256
- Financial income +€647,948
up €647,948 (+65,192%), from €994 to €648,941
- Gross operating margin -€5,458
down €5,458 (-2.6%), from €209,846 to €204,389
- Other operating charges -€3,715
down €3,715 (-76.5%), from €4,858 to €1,143
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 | €5,542,634 | €5,795,907 | +€253,274 | +4.6% |
| Fixed assets | 21/28 | €5,310,000 | €5,310,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,310,000 | €5,310,000 | = | 0.0% |
| Current assets | 29/58 | €232,634 | €485,907 | +€253,274 | +109% |
| Amounts receivable within one year | 40/41 | €42,825 | €48,830 | +€6,005 | +14.0% |
| Trade receivables | 40 | €36,300 | €36,300 | = | 0.0% |
| Other amounts receivable | 41 | €6,525 | €12,530 | +€6,005 | +92.0% |
| Cash at bank and in hand | 54/58 | €189,809 | €437,078 | +€247,269 | +130% |
| Total equity and liabilities | 10/49 | €5,542,634 | €5,795,907 | +€253,274 | +4.6% |
| Equity | 10/15 | €3,094,768 | €2,461,926 | -€632,842 | -20.4% |
| Contributions | 10/11 | €2,222,222 | €2,222,222 | = | 0.0% |
| Capital | 10 | €2,222,222 | €2,222,222 | = | 0.0% |
| Issued capital | 100 | €2,222,222 | €2,222,222 | = | 0.0% |
| Reserves | 13 | €872,546 | €239,703 | -€632,842 | -72.5% |
| Non-distributable reserves | 130/1 | €222,222 | €222,222 | = | 0.0% |
| Legal reserve | 130 | €222,222 | €222,222 | = | 0.0% |
| Distributable reserves | 133 | €650,323 | €17,481 | -€632,842 | -97.3% |
| Amounts payable | 17/49 | €2,447,866 | €3,333,982 | +€886,116 | +36.2% |
| Amounts payable after more than one year | 17 | €1,924,382 | €1,348,992 | -€575,389 | -29.9% |
| Financial debts | 170/4 | €1,924,382 | €1,348,992 | -€575,389 | -29.9% |
| Amounts payable within one year | 42/48 | €521,885 | €1,980,292 | +€1.5m | +279% |
| Current portion of amounts payable after more than one year | 42 | €392,270 | €625,256 | +€232,986 | +59.4% |
| Trade debts | 44 | €1,078 | €1,263 | +€186 | +17.2% |
| Suppliers | 440/4 | €1,078 | €1,263 | +€186 | +17.2% |
| Taxes, remuneration and social security | 45 | €28,538 | €52,306 | +€23,769 | +83.3% |
| Taxes | 450/3 | €19,534 | €43,249 | +€23,715 | +121% |
| Remuneration and social security | 454/9 | €9,004 | €9,057 | +€54 | +0.6% |
| Other amounts payable | 47/48 | €100,000 | €1,301,466 | +€1.2m | +1,201% |
| Accrued charges and deferred income | 492/3 | €1,599 | €4,698 | +€3,098 | +194% |
| Other operating charges | 640/8 | €4,858 | €1,143 | -€3,715 | -76.5% |
| Gross operating margin | 9900 | €209,846 | €204,389 | -€5,458 | -2.6% |
| Operating profit (loss) | 9901 | €204,988 | €203,246 | -€1,742 | -0.8% |
| Financial income | 75/76B | €994 | €648,941 | +€647,948 | +65,192% |
| Recurring financial income | 75 | €994 | €648,941 | +€647,948 | +65,192% |
| Financial charges | 65/66B | €36,962 | €35,795 | -€1,167 | -3.2% |
| Recurring financial charges | 65 | €36,962 | €35,795 | -€1,167 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €169,020 | €816,393 | +€647,373 | +383% |
| Income taxes | 67/77 | €38,565 | €37,470 | -€1,094 | -2.8% |
| Profit (loss) for the period | 9904 | €130,455 | €778,923 | +€648,467 | +497% |
| Profit (loss) for the period to be appropriated | 9905 | €130,455 | €778,923 | +€648,467 | +497% |
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 15 October 2026 via checked.be.