NINM: 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.
NINM
Largest movements
- Receivables within one year +€11,681
up €11,681 (+452.0%), from €2,584 to €14,265
of which Other amounts receivable: +€10,862
- Cash +€6,259
up €6,259 (+43.7%), from €14,338 to €20,596
mainly Net result for the year (+€11,094) and Depreciation (+€4,500)
- Tangible fixed assets -€4,500
down €4,500 (-57.2%), from €7,869 to €3,370
- Profit (loss) carried forward +€11,094
up €11,094 (+59.7%), from €18,570 to €29,663
- Tax, wage and social debts +€3,732
up €3,732 (+77.9%), from €4,790 to €8,522
- Trade debts -€1,386
down €1,386 (-96.8%), from €1,432 to €46
- Purchases and services +€18,254
up €18,254 (+79.7%), from €22,901 to €41,155
- Gross operating margin -€9,849
down €9,849 (-32.6%), from €30,179 to €20,331
- Turnover +€8,405
up €8,405 (+15.8%), from €53,081 to €61,486
- Taxes -€1,447
down €1,447 (-30.2%), from €4,790 to €3,343
- Depreciation -€1,131
down €1,131 (-20.1%), from €5,631 to €4,500
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.
Cash bridge derived
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 | €24,791 | €38,231 | +€13,440 | +54.2% |
| Fixed assets | 21/28 | €7,869 | €3,370 | -€4,500 | -57.2% |
| Tangible fixed assets | 22/27 | €7,869 | €3,370 | -€4,500 | -57.2% |
| Furniture and vehicles | 24 | €7,869 | €3,370 | -€4,500 | -57.2% |
| Current assets | 29/58 | €16,922 | €34,861 | +€17,940 | +106.0% |
| Amounts receivable within one year | 40/41 | €2,584 | €14,265 | +€11,681 | +452.0% |
| Trade receivables | 40 | - | €819 | +€819 | |
| Other amounts receivable | 41 | €2,584 | €13,446 | +€10,862 | +420.3% |
| Cash at bank and in hand | 54/58 | €14,338 | €20,596 | +€6,259 | +43.7% |
| Total equity and liabilities | 10/49 | €24,791 | €38,231 | +€13,440 | +54.2% |
| Equity | 10/15 | €18,570 | €29,663 | +€11,094 | +59.7% |
| Profit (loss) carried forward | 14 | €18,570 | €29,663 | +€11,094 | +59.7% |
| Amounts payable | 17/49 | €6,222 | €8,568 | +€2,346 | +37.7% |
| Amounts payable within one year | 42/48 | €6,222 | €8,568 | +€2,346 | +37.7% |
| Trade debts | 44 | €1,432 | €46 | -€1,386 | -96.8% |
| Suppliers | 440/4 | €1,432 | €46 | -€1,386 | -96.8% |
| Taxes, remuneration and social security | 45 | €4,790 | €8,522 | +€3,732 | +77.9% |
| Taxes | 450/3 | €4,790 | €8,522 | +€3,732 | +77.9% |
| Turnover | 70 | €53,081 | €61,486 | +€8,405 | +15.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,901 | €41,155 | +€18,254 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,631 | €4,500 | -€1,131 | -20.1% |
| Other operating charges | 640/8 | €1,065 | €1,659 | +€594 | +55.7% |
| Gross operating margin | 9900 | €30,179 | €20,331 | -€9,849 | -32.6% |
| Operating profit (loss) | 9901 | €23,483 | €14,172 | -€9,311 | -39.7% |
| Financial income | 75/76B | €57 | €414 | +€358 | +633.6% |
| Recurring financial income | 75 | €57 | €414 | +€358 | +633.6% |
| Financial charges | 65/66B | €180 | €150 | -€30 | -16.8% |
| Recurring financial charges | 65 | €180 | €150 | -€30 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €23,360 | €14,436 | -€8,923 | -38.2% |
| Income taxes | 67/77 | €4,790 | €3,343 | -€1,447 | -30.2% |
| Profit (loss) for the period | 9904 | €18,570 | €11,094 | -€7,476 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,570 | €11,094 | -€7,476 | -40.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.