NINI: 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.
NINI
Largest movements
- Cash +€5,134
up €5,134 (+180.2%), from €2,848 to €7,982
- Financial fixed assets +€1,890
new in 2025: €1,890
- Receivables within one year +€1,794
up €1,794 (+177.7%), from €1,010 to €2,804
of which Trade receivables: +€1,187
- Tangible fixed assets -€1,164
down €1,164 (-50.0%), from €2,329 to €1,164
of which Plant, machinery and equipment: -€1,164
- Stocks and contracts +€831
up €831 (+67.5%), from €1,230 to €2,061
- Profit (loss) carried forward +€28,074
up €28,074 (+56.4%), from -€49,774 to -€21,700
- Tax, wage and social debts -€8,750
down €8,750 (-49.6%), from €17,639 to €8,889
of which Remuneration and social security: -€11,422
- Other debts -€8,449
down €8,449 (-45.0%), from €18,791 to €10,341
- Trade debts -€1,981
no longer reported in 2025 (was €1,981)
- Gross operating margin +€48,296
up €48,296, from -€14,744 to €33,551
- Staff costs +€15,478
up €15,478 (+270.7%), from €5,717 to €21,195
- Other operating charges +€715
up €715 (+190.6%), from €375 to €1,090
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,417 | €16,310 | +€8,894 | +119.9% |
| Fixed assets | 21/28 | €2,329 | €3,054 | +€726 | +31.2% |
| Tangible fixed assets | 22/27 | €2,329 | €1,164 | -€1,164 | -50.0% |
| Plant, machinery and equipment | 23 | €2,329 | €1,164 | -€1,164 | -50.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | - | €1,890 | +€1,890 | |
| Current assets | 29/58 | €5,088 | €13,256 | +€8,168 | +160.5% |
| Stocks and contracts in progress | 3 | €1,230 | €2,061 | +€831 | +67.5% |
| Stocks | 30/36 | €1,230 | €2,061 | +€831 | +67.5% |
| Amounts receivable within one year | 40/41 | €1,010 | €2,804 | +€1,794 | +177.7% |
| Trade receivables | 40 | - | €1,187 | +€1,187 | |
| Other amounts receivable | 41 | €1,010 | €1,617 | +€607 | +60.1% |
| Cash at bank and in hand | 54/58 | €2,848 | €7,982 | +€5,134 | +180.2% |
| Deferred charges and accrued income | 490/1 | - | €410 | +€410 | |
| Total equity and liabilities | 10/49 | €7,417 | €16,310 | +€8,894 | +119.9% |
| Equity | 10/15 | -€30,994 | -€2,920 | +€28,074 | +90.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181 | €181 | = | 0.0% |
| Non-distributable reserves | 130/1 | €181 | €181 | = | 0.0% |
| Reserves not available under the articles | 1311 | €181 | €181 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,774 | -€21,700 | +€28,074 | +56.4% |
| Amounts payable | 17/49 | €38,410 | €19,230 | -€19,180 | -49.9% |
| Amounts payable within one year | 42/48 | €38,410 | €19,230 | -€19,180 | -49.9% |
| Trade debts | 44 | €1,981 | - | -€1,981 | |
| Suppliers | 440/4 | €1,981 | - | -€1,981 | |
| Taxes, remuneration and social security | 45 | €17,639 | €8,889 | -€8,750 | -49.6% |
| Taxes | 450/3 | €5,011 | €7,684 | +€2,673 | +53.3% |
| Remuneration and social security | 454/9 | €12,627 | €1,205 | -€11,422 | -90.5% |
| Other amounts payable | 47/48 | €18,791 | €10,341 | -€8,449 | -45.0% |
| Remuneration, social security and pensions | 62 | €5,717 | €21,195 | +€15,478 | +270.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582 | €582 | = | 0.0% |
| Other operating charges | 640/8 | €375 | €1,090 | +€715 | +190.6% |
| Gross operating margin | 9900 | -€14,744 | €33,551 | +€48,296 | |
| Operating profit (loss) | 9901 | -€21,419 | €10,685 | +€32,103 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €99 | €97 | -€2 | -2.3% |
| Recurring financial charges | 65 | €99 | €97 | -€2 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,518 | €10,588 | +€32,106 | |
| Profit (loss) for the period | 9904 | -€21,518 | €10,588 | +€32,106 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,518 | €10,588 | +€32,106 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.