NiNo-Co: what changed
NiNo-Co
Largest movements
- Cash -€26,165
down €26,165 (-59.3%), from €44,144 to €17,979
mainly Receivables within one year (-€13,510) and Investment in fixed assets (net) (-€8,973)
- Receivables within one year +€13,510
up €13,510 (+645%), from €2,096 to €15,607
of which Trade receivables: +€14,612
- Financial fixed assets +€8,000
new in 2025: €8,000
- Deferred charges and accrued income -€2,753
down €2,753 (-23.1%), from €11,913 to €9,160
- Tangible fixed assets +€781
new in 2025: €781
- Profit (loss) carried forward -€8,054
new in 2025: -€8,054
- Trade debts +€1,290
up €1,290 (+738%), from €175 to €1,465
- Tax, wage and social debts +€795
up €795 (+4.6%), from €17,199 to €17,994
- Other debts -€658
down €658 (-8.8%), from €7,466 to €6,808
- Gross operating margin -€42,003
down €42,003, from €39,717 to -€2,286
- Taxes -€8,368
down €8,368 (-88.9%), from €9,413 to €1,045
- Financial charges -€734
down €734 (-21.9%), from €3,357 to €2,622
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,154 | €51,527 | -€6,627 | -11.4% |
| Fixed assets | 21/28 | - | €8,781 | +€8,781 | |
| Tangible fixed assets | 22/27 | - | €781 | +€781 | |
| Plant, machinery and equipment | 23 | - | €781 | +€781 | |
| Financial fixed assets | 28 | - | €8,000 | +€8,000 | |
| Current assets | 29/58 | €58,154 | €42,746 | -€15,408 | -26.5% |
| Amounts receivable within one year | 40/41 | €2,096 | €15,607 | +€13,510 | +645% |
| Trade receivables | 40 | €968 | €15,580 | +€14,612 | +1,510% |
| Other amounts receivable | 41 | €1,128 | €27 | -€1,102 | -97.7% |
| Cash at bank and in hand | 54/58 | €44,144 | €17,979 | -€26,165 | -59.3% |
| Deferred charges and accrued income | 490/1 | €11,913 | €9,160 | -€2,753 | -23.1% |
| Total equity and liabilities | 10/49 | €58,154 | €51,527 | -€6,627 | -11.4% |
| Equity | 10/15 | €33,314 | €25,260 | -€8,054 | -24.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,314 | €31,314 | = | 0.0% |
| Distributable reserves | 133 | €31,314 | €31,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,054 | -€8,054 | |
| Amounts payable | 17/49 | €24,840 | €26,266 | +€1,427 | +5.7% |
| Amounts payable within one year | 42/48 | €24,840 | €26,266 | +€1,427 | +5.7% |
| Trade debts | 44 | €175 | €1,465 | +€1,290 | +738% |
| Suppliers | 440/4 | €175 | €1,465 | +€1,290 | +738% |
| Taxes, remuneration and social security | 45 | €17,199 | €17,994 | +€795 | +4.6% |
| Taxes | 450/3 | €17,199 | €17,994 | +€795 | +4.6% |
| Other amounts payable | 47/48 | €7,466 | €6,808 | -€658 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €192 | +€192 | |
| Other operating charges | 640/8 | €1,741 | €1,908 | +€167 | +9.6% |
| Gross operating margin | 9900 | €39,717 | -€2,286 | -€42,003 | |
| Operating profit (loss) | 9901 | €37,975 | -€4,386 | -€42,362 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,357 | €2,622 | -€734 | -21.9% |
| Recurring financial charges | 65 | €3,357 | €2,622 | -€734 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €34,619 | -€7,008 | -€41,627 | |
| Income taxes | 67/77 | €9,413 | €1,045 | -€8,368 | -88.9% |
| Profit (loss) for the period | 9904 | €25,206 | -€8,054 | -€33,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,206 | -€8,054 | -€33,260 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.