NINKASI: 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.
NINKASI
Largest movements
- Receivables within one year +€14,532
up €14,532 (+19,011%), from €76 to €14,609
of which Trade receivables: +€13,936
- Cash +€3,223
up €3,223 (+206%), from €1,562 to €4,785
mainly Net result for the year (+€36,382) and Trade debts (+€13,492)
- Tangible fixed assets -€1,159
down €1,159 (-58.4%), from €1,985 to €826
- Profit (loss) carried forward +€36,382
up €36,382 (+65.9%), from -€55,247 to -€18,866
- Other debts -€19,849
down €19,849 (-70.0%), from €28,366 to €8,517
- Trade debts +€13,492
up €13,492 (+202%), from €6,689 to €20,182
- Accrued charges and deferred income -€13,333
no longer reported in 2025 (was €13,333)
- Gross operating margin -€17,589
down €17,589 (-31.5%), from €55,818 to €38,229
- Staff costs +€774
no longer reported in 2025 (was -€774)
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 | €3,623 | €20,220 | +€16,596 | +458% |
| Fixed assets | 21/28 | €1,985 | €826 | -€1,159 | -58.4% |
| Tangible fixed assets | 22/27 | €1,985 | €826 | -€1,159 | -58.4% |
| Furniture and vehicles | 24 | €1,985 | €826 | -€1,159 | -58.4% |
| Current assets | 29/58 | €1,638 | €19,393 | +€17,755 | +1,084% |
| Amounts receivable within one year | 40/41 | €76 | €14,609 | +€14,532 | +19,011% |
| Trade receivables | 40 | €76 | €14,013 | +€13,936 | +18,232% |
| Other amounts receivable | 41 | - | €596 | +€596 | |
| Cash at bank and in hand | 54/58 | €1,562 | €4,785 | +€3,223 | +206% |
| Total equity and liabilities | 10/49 | €3,623 | €20,220 | +€16,596 | +458% |
| Equity | 10/15 | -€45,247 | -€8,866 | +€36,382 | +80.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,247 | -€18,866 | +€36,382 | +65.9% |
| Amounts payable | 17/49 | €48,871 | €29,085 | -€19,785 | -40.5% |
| Amounts payable within one year | 42/48 | €35,537 | €29,085 | -€6,452 | -18.2% |
| Trade debts | 44 | €6,689 | €20,182 | +€13,492 | +202% |
| Suppliers | 440/4 | €6,689 | €20,182 | +€13,492 | +202% |
| Taxes, remuneration and social security | 45 | €482 | €387 | -€95 | -19.8% |
| Taxes | 450/3 | €482 | €387 | -€95 | -19.8% |
| Other amounts payable | 47/48 | €28,366 | €8,517 | -€19,849 | -70.0% |
| Accrued charges and deferred income | 492/3 | €13,333 | - | -€13,333 | |
| Non-recurring operating income | 76A | €21,690 | - | -€21,690 | |
| Remuneration, social security and pensions | 62 | -€774 | - | +€774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,365 | €1,159 | -€206 | -15.1% |
| Other operating charges | 640/8 | €594 | €523 | -€72 | -12.1% |
| Gross operating margin | 9900 | €55,818 | €38,229 | -€17,589 | -31.5% |
| Operating profit (loss) | 9901 | €54,632 | €36,547 | -€18,085 | -33.1% |
| Financial income | 75/76B | €69 | - | -€69 | |
| Recurring financial income | 75 | €69 | - | -€69 | |
| Financial charges | 65/66B | €152 | €165 | +€13 | +8.8% |
| Recurring financial charges | 65 | €152 | €207 | +€55 | +36.5% |
| Non-recurring financial charges | 66B | - | -€42 | -€42 | |
| Profit (loss) for the period before taxes | 9903 | €54,550 | €36,382 | -€18,168 | -33.3% |
| Profit (loss) for the period | 9904 | €54,550 | €36,382 | -€18,168 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,550 | €36,382 | -€18,168 | -33.3% |
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 16 October 2026 via checked.be.