NINI CONSTRUCT: 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.
NINI CONSTRUCT
Largest movements
- Receivables within one year -€658,233
down €658,233 (-86.8%), from €758,562 to €100,329
- Stocks and contracts +€262,746
up €262,746 (+560%), from €46,959 to €309,704
- Cash +€9,538
up €9,538 (+11,975%), from €80 to €9,618
mainly Receivables within one year (+€658,233) and Net result for the year (+€48,841)
- Other debts -€278,151
down €278,151 (-56.8%), from €489,751 to €211,600
- Reserves -€111,159
down €111,159 (-66.8%), from €166,303 to €55,144
- Gross operating margin +€105,154
up €105,154, from -€5,655 to €99,499
- Other operating charges +€32,661
up €32,661 (+2,987%), from €1,094 to €33,755
- Taxes +€15,079
up €15,079, from €0 to €15,079
- Financial income -€6,530
down €6,530 (-36.8%), from €17,760 to €11,230
- Financial charges -€1,560
down €1,560 (-10.7%), from €14,615 to €13,054
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 | €822,311 | €430,881 | -€391,429 | -47.6% |
| Current assets | 29/58 | €822,311 | €430,881 | -€391,429 | -47.6% |
| Stocks and contracts in progress | 3 | €46,959 | €309,704 | +€262,746 | +560% |
| Stocks | 30/36 | €46,959 | €309,704 | +€262,746 | +560% |
| Amounts receivable within one year | 40/41 | €758,562 | €100,329 | -€658,233 | -86.8% |
| Other amounts receivable | 41 | €758,562 | €100,329 | -€658,233 | -86.8% |
| Cash at bank and in hand | 54/58 | €80 | €9,618 | +€9,538 | +11,975% |
| Deferred charges and accrued income | 490/1 | €16,710 | €11,230 | -€5,480 | -32.8% |
| Total equity and liabilities | 10/49 | €822,311 | €430,881 | -€391,429 | -47.6% |
| Equity | 10/15 | €316,303 | €205,144 | -€111,159 | -35.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €166,303 | €55,144 | -€111,159 | -66.8% |
| Distributable reserves | 133 | €166,303 | €55,144 | -€111,159 | -66.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €506,007 | €225,737 | -€280,270 | -55.4% |
| Amounts payable within one year | 42/48 | €491,542 | €212,972 | -€278,571 | -56.7% |
| Trade debts | 44 | €1,792 | €1,372 | -€420 | -23.4% |
| Suppliers | 440/4 | €1,792 | €1,372 | -€420 | -23.4% |
| Other amounts payable | 47/48 | €489,751 | €211,600 | -€278,151 | -56.8% |
| Accrued charges and deferred income | 492/3 | €14,465 | €12,765 | -€1,700 | -11.8% |
| Other operating charges | 640/8 | €1,094 | €33,755 | +€32,661 | +2,987% |
| Gross operating margin | 9900 | -€5,655 | €99,499 | +€105,154 | |
| Operating profit (loss) | 9901 | -€6,749 | €65,745 | +€72,493 | |
| Financial income | 75/76B | €17,760 | €11,230 | -€6,530 | -36.8% |
| Recurring financial income | 75 | €17,760 | €11,230 | -€6,530 | -36.8% |
| Financial charges | 65/66B | €14,615 | €13,054 | -€1,560 | -10.7% |
| Recurring financial charges | 65 | €14,615 | €13,054 | -€1,560 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,604 | €63,920 | +€67,524 | |
| Income taxes | 67/77 | €0 | €15,079 | +€15,079 | |
| Profit (loss) for the period | 9904 | -€3,604 | €48,841 | +€52,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,604 | €48,841 | +€52,445 |
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 13 October 2026 via checked.be.