NINKI: 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.
NINKI
Largest movements
- Cash +€274,612
up €274,612 (+137.1%), from €200,320 to €474,933
mainly Net result for the year (+€174,613) and Tax, wage and social debts (+€81,868)
- Reserves +€174,613
up €174,613 (+175.3%), from €99,612 to €274,225
of which Distributable reserves: +€174,613
- Tax, wage and social debts +€81,868
up €81,868 (+207.8%), from €39,389 to €121,257
of which Taxes: +€77,647
- Trade debts +€14,269
up €14,269 (+79.4%), from €17,964 to €32,233
- Gross operating margin +€164,325
up €164,325 (+74.6%), from €220,409 to €384,734
- Taxes +€51,293
up €51,293 (+163.3%), from €31,401 to €82,695
- Staff costs +€19,611
up €19,611 (+20.5%), from €95,562 to €115,173
- Financial charges -€6,000
down €6,000 (-99.3%), from €6,045 to €45
From the 2023 result to the 2024 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,514 | €511,926 | +€272,412 | +113.7% |
| Fixed assets | 21/28 | €26,509 | €28,544 | +€2,035 | +7.7% |
| Tangible fixed assets | 22/27 | €22,579 | €24,614 | +€2,035 | +9.0% |
| Plant, machinery and equipment | 23 | €7,384 | €14,039 | +€6,656 | +90.1% |
| Furniture and vehicles | 24 | €25 | - | -€25 | |
| Other tangible fixed assets | 26 | €15,171 | €10,575 | -€4,596 | -30.3% |
| Financial fixed assets | 28 | €3,930 | €3,930 | = | 0.0% |
| Current assets | 29/58 | €213,005 | €483,381 | +€270,377 | +126.9% |
| Amounts receivable within one year | 40/41 | €12,684 | €8,449 | -€4,236 | -33.4% |
| Trade receivables | 40 | €6,888 | - | -€6,888 | |
| Other amounts receivable | 41 | €5,797 | €8,449 | +€2,652 | +45.8% |
| Cash at bank and in hand | 54/58 | €200,320 | €474,933 | +€274,612 | +137.1% |
| Total equity and liabilities | 10/49 | €239,514 | €511,926 | +€272,412 | +113.7% |
| Equity | 10/15 | €181,018 | €355,631 | +€174,613 | +96.5% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Reserves | 13 | €99,612 | €274,225 | +€174,613 | +175.3% |
| Non-distributable reserves | 130/1 | €1,400 | €1,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,400 | €1,400 | = | 0.0% |
| Distributable reserves | 133 | €98,212 | €272,825 | +€174,613 | +177.8% |
| Profit (loss) carried forward | 14 | €63,205 | €63,205 | = | 0.0% |
| Amounts payable | 17/49 | €58,496 | €156,295 | +€97,799 | +167.2% |
| Amounts payable within one year | 42/48 | €58,496 | €156,295 | +€97,799 | +167.2% |
| Current portion of amounts payable after more than one year | 42 | €1,144 | €936 | -€208 | -18.2% |
| Trade debts | 44 | €17,964 | €32,233 | +€14,269 | +79.4% |
| Suppliers | 440/4 | €17,964 | €32,233 | +€14,269 | +79.4% |
| Taxes, remuneration and social security | 45 | €39,389 | €121,257 | +€81,868 | +207.8% |
| Taxes | 450/3 | €27,907 | €105,554 | +€77,647 | +278.2% |
| Remuneration and social security | 454/9 | €11,482 | €15,702 | +€4,221 | +36.8% |
| Other amounts payable | 47/48 | - | €1,869 | +€1,869 | |
| Remuneration, social security and pensions | 62 | €95,562 | €115,173 | +€19,611 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,073 | €11,587 | -€486 | -4.0% |
| Other operating charges | 640/8 | €524 | €621 | +€97 | +18.5% |
| Gross operating margin | 9900 | €220,409 | €384,734 | +€164,325 | +74.6% |
| Operating profit (loss) | 9901 | €112,250 | €257,353 | +€145,103 | +129.3% |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €6,045 | €45 | -€6,000 | -99.3% |
| Recurring financial charges | 65 | €6,045 | €45 | -€6,000 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €106,233 | €257,308 | +€151,075 | +142.2% |
| Income taxes | 67/77 | €31,401 | €82,695 | +€51,293 | +163.3% |
| Profit (loss) for the period | 9904 | €74,832 | €174,613 | +€99,782 | +133.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,832 | €174,613 | +€99,782 | +133.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.