NINJACE: 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.
NINJACE
Largest movements
- Cash -€40,541
down €40,541 (-52.0%), from €77,889 to €37,348
mainly Contributions, distributions and other (-€28,381) and Trade debts (-€25,409)
- Receivables within one year +€22,067
up €22,067 (+134%), from €16,501 to €38,568
of which Trade receivables: +€19,724
- Tangible fixed assets -€7,970
down €7,970 (-15.7%), from €50,799 to €42,829
of which Furniture and vehicles: -€6,770
- Trade debts -€25,409
down €25,409 (-89.0%), from €28,557 to €3,148
- Tax, wage and social debts -€16,008
down €16,008 (-64.8%), from €24,697 to €8,688
of which Taxes: -€14,853
- Profit (loss) carried forward +€15,942
up €15,942 (+18.6%), from €85,841 to €101,783
- Turnover +€420,666
new in 2025: €420,666
- Purchases and services +€291,198
new in 2025: €291,198
- Staff costs +€34,250
up €34,250 (+142%), from €24,140 to €58,390
- Taxes -€20,293
down €20,293 (-79.3%), from €25,579 to €5,286
- Depreciation +€7,340
up €7,340 (+101%), from €7,232 to €14,572
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 | €149,094 | €123,619 | -€25,475 | -17.1% |
| Fixed assets | 21/28 | €53,768 | €45,798 | -€7,970 | -14.8% |
| Tangible fixed assets | 22/27 | €50,799 | €42,829 | -€7,970 | -15.7% |
| Plant, machinery and equipment | 23 | €10,078 | €8,878 | -€1,200 | -11.9% |
| Furniture and vehicles | 24 | €40,721 | €33,952 | -€6,770 | -16.6% |
| Financial fixed assets | 28 | €2,969 | €2,969 | = | 0.0% |
| Current assets | 29/58 | €95,327 | €77,822 | -€17,505 | -18.4% |
| Stocks and contracts in progress | 3 | €552 | €505 | -€47 | -8.5% |
| Stocks | 30/36 | €552 | €505 | -€47 | -8.5% |
| Amounts receivable within one year | 40/41 | €16,501 | €38,568 | +€22,067 | +134% |
| Trade receivables | 40 | €2,234 | €21,959 | +€19,724 | +883% |
| Other amounts receivable | 41 | €14,266 | €16,609 | +€2,343 | +16.4% |
| Cash at bank and in hand | 54/58 | €77,889 | €37,348 | -€40,541 | -52.0% |
| Deferred charges and accrued income | 490/1 | €385 | €1,400 | +€1,015 | +264% |
| Total equity and liabilities | 10/49 | €149,094 | €123,619 | -€25,475 | -17.1% |
| Equity | 10/15 | €95,841 | €111,783 | +€15,942 | +16.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,841 | €101,783 | +€15,942 | +18.6% |
| Amounts payable | 17/49 | €53,253 | €11,836 | -€41,417 | -77.8% |
| Amounts payable within one year | 42/48 | €53,253 | €11,836 | -€41,417 | -77.8% |
| Trade debts | 44 | €28,557 | €3,148 | -€25,409 | -89.0% |
| Suppliers | 440/4 | €28,557 | €3,148 | -€25,409 | -89.0% |
| Taxes, remuneration and social security | 45 | €24,697 | €8,688 | -€16,008 | -64.8% |
| Taxes | 450/3 | €21,689 | €6,836 | -€14,853 | -68.5% |
| Remuneration and social security | 454/9 | €3,007 | €1,852 | -€1,155 | -38.4% |
| Turnover | 70 | - | €420,666 | +€420,666 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €291,198 | +€291,198 | |
| Remuneration, social security and pensions | 62 | €24,140 | €58,390 | +€34,250 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,232 | €14,572 | +€7,340 | +101% |
| Other operating charges | 640/8 | €1,194 | €5,456 | +€4,262 | +357% |
| Gross operating margin | 9900 | €127,038 | €133,308 | +€6,270 | +4.9% |
| Operating profit (loss) | 9901 | €94,471 | €54,890 | -€39,581 | -41.9% |
| Financial income | 75/76B | €1,302 | - | -€1,302 | |
| Recurring financial income | 75 | €1,302 | - | -€1,302 | |
| Financial charges | 65/66B | €186 | €5,281 | +€5,095 | +2,733% |
| Recurring financial charges | 65 | €186 | €5,281 | +€5,095 | +2,733% |
| Profit (loss) for the period before taxes | 9903 | €95,586 | €49,609 | -€45,978 | -48.1% |
| Income taxes | 67/77 | €25,579 | €5,286 | -€20,293 | -79.3% |
| Profit (loss) for the period | 9904 | €70,007 | €44,323 | -€25,685 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,007 | €44,323 | -€25,685 | -36.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.