NINIA: 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.
NINIA
Largest movements
- Receivables within one year -€5.7m
down €5.7m (-94.1%), from €6.1m to €358,350
of which Other amounts receivable: -€5.8m
- Tangible fixed assets -€649,537
down €649,537 (-3.8%), from €17.1m to €16.5m
of which Land and buildings: -€649,537
- Deferred charges and accrued income +€370,463
up €370,463 (+737%), from €50,270 to €420,733
- Contributions -€6.3m
down €6.3m (-38.7%), from €16.3m to €10.0m
- Gross operating margin -€489,696
down €489,696 (-28.9%), from €1.7m to €1.2m
- Taxes -€139,658
down €139,658 (-79.4%), from €175,917 to €36,258
- Write-downs +€72,977
up €72,977, from -€58,727 to €14,249
- Other operating charges -€70,650
down €70,650 (-29.4%), from €240,097 to €169,447
- Financial income -€63,843
down €63,843 (-37.1%), from €171,935 to €108,093
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 | €23,392,655 | €17,394,036 | -€6.0m | -25.6% |
| Fixed assets | 21/28 | €17,122,425 | €16,472,888 | -€649,537 | -3.8% |
| Tangible fixed assets | 22/27 | €17,122,424 | €16,472,887 | -€649,537 | -3.8% |
| Land and buildings | 22 | €17,122,424 | €16,472,887 | -€649,537 | -3.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €6,270,230 | €921,148 | -€5.3m | -85.3% |
| Amounts receivable within one year | 40/41 | €6,087,299 | €358,350 | -€5.7m | -94.1% |
| Trade receivables | 40 | €247,043 | €294,608 | +€47,565 | +19.3% |
| Other amounts receivable | 41 | €5,840,256 | €63,742 | -€5.8m | -98.9% |
| Cash at bank and in hand | 54/58 | €132,661 | €142,065 | +€9,404 | +7.1% |
| Deferred charges and accrued income | 490/1 | €50,270 | €420,733 | +€370,463 | +737% |
| Total equity and liabilities | 10/49 | €23,392,655 | €17,394,036 | -€6.0m | -25.6% |
| Equity | 10/15 | €22,797,530 | €16,599,664 | -€6.2m | -27.2% |
| Contributions | 10/11 | €16,300,000 | €10,000,000 | -€6.3m | -38.7% |
| Capital | 10 | €16,300,000 | €10,000,000 | -€6.3m | -38.7% |
| Issued capital | 100 | €16,300,000 | €10,000,000 | -€6.3m | -38.7% |
| Reserves | 13 | €954,877 | €959,983 | +€5,107 | +0.5% |
| Non-distributable reserves | 130/1 | €954,877 | €959,983 | +€5,107 | +0.5% |
| Legal reserve | 130 | €954,877 | €959,983 | +€5,107 | +0.5% |
| Profit (loss) carried forward | 14 | €5,542,653 | €5,639,681 | +€97,027 | +1.8% |
| Amounts payable | 17/49 | €595,125 | €794,371 | +€199,247 | +33.5% |
| Amounts payable after more than one year | 17 | €7,187 | €35,599 | +€28,413 | +395% |
| Other amounts payable | 178/9 | €7,187 | €35,599 | +€28,413 | +395% |
| Amounts payable within one year | 42/48 | €166,883 | €326,272 | +€159,390 | +95.5% |
| Trade debts | 44 | €105,561 | €60,553 | -€45,008 | -42.6% |
| Suppliers | 440/4 | €105,561 | €60,553 | -€45,008 | -42.6% |
| Taxes, remuneration and social security | 45 | €61,321 | €45,428 | -€15,893 | -25.9% |
| Taxes | 450/3 | €61,321 | €45,428 | -€15,893 | -25.9% |
| Other amounts payable | 47/48 | - | €220,291 | +€220,291 | |
| Accrued charges and deferred income | 492/3 | €421,056 | €432,500 | +€11,444 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €979,291 | €988,057 | +€8,766 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€58,727 | €14,249 | +€72,977 | |
| Other operating charges | 640/8 | €240,097 | €169,447 | -€70,650 | -29.4% |
| Gross operating margin | 9900 | €1,693,339 | €1,203,643 | -€489,696 | -28.9% |
| Operating profit (loss) | 9901 | €532,679 | €31,889 | -€500,789 | -94.0% |
| Financial income | 75/76B | €171,935 | €108,093 | -€63,843 | -37.1% |
| Recurring financial income | 75 | €171,935 | €108,093 | -€63,843 | -37.1% |
| Financial charges | 65/66B | €948 | €1,590 | +€642 | +67.7% |
| Recurring financial charges | 65 | €948 | €1,590 | +€642 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €703,666 | €138,392 | -€565,274 | -80.3% |
| Income taxes | 67/77 | €175,917 | €36,258 | -€139,658 | -79.4% |
| Profit (loss) for the period | 9904 | €527,750 | €102,134 | -€425,615 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €527,750 | €102,134 | -€425,615 | -80.6% |
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 31 October 2026 via checked.be.