NINO SERVICES: 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 SERVICES
Largest movements
- Cash +€29,320
up €29,320 (+283%), from €10,375 to €39,694
mainly Net result for the year (+€22,292) and Receivables within one year (+€19,796)
- Receivables within one year -€19,796
down €19,796 (-63.8%), from €31,013 to €11,217
of which Trade receivables: -€21,117
- Stocks and contracts +€7,000
up €7,000 (+25.2%), from €27,798 to €34,798
- Tangible fixed assets +€2,887
up €2,887 (+24.0%), from €12,038 to €14,925
of which Furniture and vehicles: +€6,256
- Profit (loss) carried forward +€22,292
up €22,292 (+68.6%), from €32,493 to €54,785
- Current portion of long-term debt -€7,885
down €7,885 (-42.4%), from €18,617 to €10,732
- Trade debts +€2,680
up €2,680 (+181%), from €1,481 to €4,161
- Tax, wage and social debts +€2,324
up €2,324 (+42.8%), from €5,433 to €7,757
of which Taxes: +€5,882
- Gross operating margin +€12,474
up €12,474 (+52.0%), from €23,991 to €36,464
- Depreciation -€4,899
down €4,899 (-43.6%), from €11,241 to €6,342
- Taxes +€4,123
up €4,123 (+213%), from €1,934 to €6,057
- Other operating charges +€480
up €480 (+102%), from €470 to €950
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.
Derived cash bridge
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 | €83,485 | €102,895 | +€19,411 | +23.3% |
| Fixed assets | 21/28 | €14,298 | €17,185 | +€2,887 | +20.2% |
| Tangible fixed assets | 22/27 | €12,038 | €14,925 | +€2,887 | +24.0% |
| Plant, machinery and equipment | 23 | €12,038 | €8,669 | -€3,369 | -28.0% |
| Furniture and vehicles | 24 | €0 | €6,256 | +€6,256 | +62,561,200% |
| Financial fixed assets | 28 | €2,260 | €2,260 | = | 0.0% |
| Current assets | 29/58 | €69,186 | €85,710 | +€16,524 | +23.9% |
| Stocks and contracts in progress | 3 | €27,798 | €34,798 | +€7,000 | +25.2% |
| Stocks | 30/36 | €27,798 | €34,798 | +€7,000 | +25.2% |
| Amounts receivable within one year | 40/41 | €31,013 | €11,217 | -€19,796 | -63.8% |
| Trade receivables | 40 | €27,684 | €6,567 | -€21,117 | -76.3% |
| Other amounts receivable | 41 | €3,330 | €4,650 | +€1,321 | +39.7% |
| Cash at bank and in hand | 54/58 | €10,375 | €39,694 | +€29,320 | +283% |
| Total equity and liabilities | 10/49 | €83,485 | €102,895 | +€19,411 | +23.3% |
| Equity | 10/15 | €52,953 | €75,245 | +€22,292 | +42.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,493 | €54,785 | +€22,292 | +68.6% |
| Amounts payable | 17/49 | €30,531 | €27,650 | -€2,881 | -9.4% |
| Amounts payable within one year | 42/48 | €30,531 | €27,650 | -€2,881 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €18,617 | €10,732 | -€7,885 | -42.4% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €1,481 | €4,161 | +€2,680 | +181% |
| Suppliers | 440/4 | €1,481 | €4,161 | +€2,680 | +181% |
| Taxes, remuneration and social security | 45 | €5,433 | €7,757 | +€2,324 | +42.8% |
| Taxes | 450/3 | €1,875 | €7,757 | +€5,882 | +314% |
| Remuneration and social security | 454/9 | €3,558 | - | -€3,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,241 | €6,342 | -€4,899 | -43.6% |
| Other operating charges | 640/8 | €470 | €950 | +€480 | +102% |
| Gross operating margin | 9900 | €23,991 | €36,464 | +€12,474 | +52.0% |
| Operating profit (loss) | 9901 | €12,280 | €29,173 | +€16,893 | +138% |
| Financial charges | 65/66B | €893 | €824 | -€70 | -7.8% |
| Recurring financial charges | 65 | €893 | €824 | -€70 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €11,386 | €28,349 | +€16,963 | +149% |
| Income taxes | 67/77 | €1,934 | €6,057 | +€4,123 | +213% |
| Profit (loss) for the period | 9904 | €9,453 | €22,292 | +€12,840 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €9,453 | €22,292 | +€12,840 | +136% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.