Nino: 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.
Nino
Largest movements
- Tangible fixed assets -€38,574
down €38,574 (-48.9%), from €78,824 to €40,250
of which Furniture and vehicles: -€33,880
- Cash +€25,621
up €25,621 (+259.1%), from €9,890 to €35,511
mainly Depreciation (+€21,755) and Investment in fixed assets (net) (+€16,819)
- Receivables within one year +€7,753
up €7,753 (+86.9%), from €8,918 to €16,671
of which Other amounts receivable: +€9,133
- Stocks and contracts -€4,805
down €4,805 (-43.1%), from €11,151 to €6,346
- Debts after one year -€18,889
no longer reported in 2024 (was €18,889)
- Trade debts +€11,510
up €11,510 (+226.7%), from €5,078 to €16,587
- Reserves -€7,957
down €7,957 (-29.6%), from €26,924 to €18,967
- Tax, wage and social debts +€4,737
up €4,737 (+19.7%), from €24,035 to €28,772
of which Taxes: +€4,479
- Depreciation -€16,895
down €16,895 (-43.7%), from €38,650 to €21,755
- Staff costs +€14,400
up €14,400 (+28.0%), from €51,359 to €65,759
- Gross operating margin -€7,495
down €7,495 (-8.0%), from €93,357 to €85,862
- Financial charges -€5,782
down €5,782 (-64.4%), from €8,973 to €3,191
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 | €114,113 | €104,696 | -€9,417 | -8.3% |
| Fixed assets | 21/28 | €83,324 | €44,750 | -€38,574 | -46.3% |
| Tangible fixed assets | 22/27 | €78,824 | €40,250 | -€38,574 | -48.9% |
| Plant, machinery and equipment | 23 | €24,121 | €16,773 | -€7,348 | -30.5% |
| Furniture and vehicles | 24 | €54,703 | €20,824 | -€33,880 | -61.9% |
| Other tangible fixed assets | 26 | - | €2,654 | +€2,654 | |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €30,789 | €59,946 | +€29,157 | +94.7% |
| Stocks and contracts in progress | 3 | €11,151 | €6,346 | -€4,805 | -43.1% |
| Stocks | 30/36 | €11,151 | €6,346 | -€4,805 | -43.1% |
| Amounts receivable within one year | 40/41 | €8,918 | €16,671 | +€7,753 | +86.9% |
| Trade receivables | 40 | €2,530 | €1,150 | -€1,380 | -54.5% |
| Other amounts receivable | 41 | €6,388 | €15,521 | +€9,133 | +143.0% |
| Cash at bank and in hand | 54/58 | €9,890 | €35,511 | +€25,621 | +259.1% |
| Deferred charges and accrued income | 490/1 | €831 | €1,418 | +€587 | +70.7% |
| Total equity and liabilities | 10/49 | €114,113 | €104,696 | -€9,417 | -8.3% |
| Equity | 10/15 | €46,924 | €38,967 | -€7,957 | -17.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €26,924 | €18,967 | -€7,957 | -29.6% |
| Distributable reserves | 133 | €26,924 | €18,967 | -€7,957 | -29.6% |
| Amounts payable | 17/49 | €67,189 | €65,729 | -€1,460 | -2.2% |
| Amounts payable after more than one year | 17 | €18,889 | - | -€18,889 | |
| Financial debts | 170/4 | €18,889 | - | -€18,889 | |
| Amounts payable within one year | 42/48 | €48,300 | €65,729 | +€17,429 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €17,983 | €18,889 | +€906 | +5.0% |
| Financial debts | 43 | €1,206 | €1,481 | +€275 | +22.9% |
| Credit institutions | 430/8 | €1,206 | €1,481 | +€275 | +22.9% |
| Trade debts | 44 | €5,078 | €16,587 | +€11,510 | +226.7% |
| Suppliers | 440/4 | €5,078 | €16,587 | +€11,510 | +226.7% |
| Taxes, remuneration and social security | 45 | €24,035 | €28,772 | +€4,737 | +19.7% |
| Taxes | 450/3 | €11,502 | €15,982 | +€4,479 | +38.9% |
| Remuneration and social security | 454/9 | €12,532 | €12,790 | +€258 | +2.1% |
| Remuneration, social security and pensions | 62 | €51,359 | €65,759 | +€14,400 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,650 | €21,755 | -€16,895 | -43.7% |
| Other operating charges | 640/8 | €3,235 | €2,822 | -€413 | -12.8% |
| Gross operating margin | 9900 | €93,357 | €85,862 | -€7,495 | -8.0% |
| Operating profit (loss) | 9901 | €113 | -€4,474 | -€4,587 | |
| Financial income | 75/76B | €580 | €0 | -€580 | -100.0% |
| Recurring financial income | 75 | €580 | €0 | -€580 | -100.0% |
| Financial charges | 65/66B | €8,973 | €3,191 | -€5,782 | -64.4% |
| Recurring financial charges | 65 | €8,973 | €3,191 | -€5,782 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,280 | -€7,664 | +€615 | +7.4% |
| Income taxes | 67/77 | €263 | €293 | +€29 | +11.2% |
| Profit (loss) for the period | 9904 | -€8,543 | -€7,957 | +€586 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,543 | -€7,957 | +€586 | +6.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.