NINNIN: 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.
NINNIN
Largest movements
- Receivables within one year +€58,320
up €58,320 (+497.9%), from €11,713 to €70,033
of which Trade receivables: +€37,337
- Cash +€47,406
up €47,406 (+3303.3%), from €1,435 to €48,841
mainly Net result for the year (+€98,287) and Tax, wage and social debts (+€12,774)
- Tangible fixed assets +€5,914
up €5,914 (+73.6%), from €8,033 to €13,947
of which Plant, machinery and equipment: +€3,080
- Deferred charges and accrued income +€1,660
up €1,660 (+371.9%), from €446 to €2,106
- Reserves +€98,287
up €98,287 (+1205.8%), from €8,151 to €106,438
- Tax, wage and social debts +€12,774
up €12,774 (+205.1%), from €6,230 to €19,004
- Short-term financial debts +€2,232
new in 2025: €2,232
- Gross operating margin +€120,485
up €120,485 (+1106.7%), from €10,886 to €131,371
- Taxes +€27,529
up €27,529 (+1244.6%), from €2,212 to €29,741
- Depreciation +€2,240
up €2,240 (+1196.9%), from €187 to €2,427
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 | €21,627 | €134,926 | +€113,300 | +523.9% |
| Fixed assets | 21/28 | €8,033 | €13,947 | +€5,914 | +73.6% |
| Tangible fixed assets | 22/27 | €8,033 | €13,947 | +€5,914 | +73.6% |
| Plant, machinery and equipment | 23 | - | €3,080 | +€3,080 | |
| Furniture and vehicles | 24 | €8,033 | €10,867 | +€2,834 | +35.3% |
| Current assets | 29/58 | €13,594 | €120,980 | +€107,385 | +789.9% |
| Amounts receivable within one year | 40/41 | €11,713 | €70,033 | +€58,320 | +497.9% |
| Trade receivables | 40 | €11,713 | €49,050 | +€37,337 | +318.8% |
| Other amounts receivable | 41 | - | €20,983 | +€20,983 | |
| Cash at bank and in hand | 54/58 | €1,435 | €48,841 | +€47,406 | +3303.3% |
| Deferred charges and accrued income | 490/1 | €446 | €2,106 | +€1,660 | +371.9% |
| Total equity and liabilities | 10/49 | €21,627 | €134,926 | +€113,300 | +523.9% |
| Equity | 10/15 | €13,151 | €111,438 | +€98,287 | +747.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,151 | €106,438 | +€98,287 | +1205.8% |
| Distributable reserves | 133 | €8,151 | €106,438 | +€98,287 | +1205.8% |
| Amounts payable | 17/49 | €8,476 | €23,488 | +€15,013 | +177.1% |
| Amounts payable within one year | 42/48 | €8,476 | €23,488 | +€15,013 | +177.1% |
| Financial debts | 43 | - | €2,232 | +€2,232 | |
| Credit institutions | 430/8 | - | €2,232 | +€2,232 | |
| Trade debts | 44 | €1,211 | €2,253 | +€1,042 | +86.1% |
| Suppliers | 440/4 | €1,211 | €2,253 | +€1,042 | +86.1% |
| Taxes, remuneration and social security | 45 | €6,230 | €19,004 | +€12,774 | +205.1% |
| Taxes | 450/3 | €6,230 | €19,004 | +€12,774 | +205.1% |
| Other amounts payable | 47/48 | €1,035 | €0 | -€1,035 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €2,427 | +€2,240 | +1196.9% |
| Other operating charges | 640/8 | €280 | €1,285 | +€1,005 | +358.8% |
| Gross operating margin | 9900 | €10,886 | €131,371 | +€120,485 | +1106.7% |
| Operating profit (loss) | 9901 | €10,419 | €127,658 | +€117,239 | +1125.2% |
| Financial income | 75/76B | - | €555 | +€555 | |
| Recurring financial income | 75 | - | €555 | +€555 | |
| Financial charges | 65/66B | €56 | €186 | +€130 | +231.3% |
| Recurring financial charges | 65 | €56 | €186 | +€130 | +231.3% |
| Profit (loss) for the period before taxes | 9903 | €10,363 | €128,028 | +€117,665 | +1135.4% |
| Income taxes | 67/77 | €2,212 | €29,741 | +€27,529 | +1244.6% |
| Profit (loss) for the period | 9904 | €8,151 | €98,287 | +€90,136 | +1105.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,151 | €98,287 | +€90,136 | +1105.8% |
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.