NINOVE 550: 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.
NINOVE 550
Largest movements
- Receivables within one year +€42,542
up €42,542 (+138%), from €30,900 to €73,441
of which Trade receivables: +€55,080
- Cash -€28,449
down €28,449 (-75.5%), from €37,660 to €9,211
mainly Receivables within one year (-€42,542) and Investment in fixed assets (net) (-€3,389)
- Stocks and contracts -€1,224
no longer reported in 2024 (was €1,224)
- Trade debts +€12,071
up €12,071 (+66.2%), from €18,221 to €30,292
- Profit (loss) carried forward +€3,203
up €3,203 (+9.1%), from €35,013 to €38,216
- Provisions -€2,700
down €2,700 (-100%), from €2,700 to €0
- Other operating charges -€1,282
down €1,282 (-27.1%), from €4,725 to €3,443
- Depreciation +€678
up €678 (+22.3%), from €3,038 to €3,716
- Financial charges +€307
up €307 (+29.6%), from €1,037 to €1,344
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.
Derived cash bridge
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 | €74,895 | €87,470 | +€12,574 | +16.8% |
| Fixed assets | 21/28 | €4,552 | €4,225 | -€327 | -7.2% |
| Tangible fixed assets | 22/27 | €4,552 | €4,225 | -€327 | -7.2% |
| Plant, machinery and equipment | 23 | €2,799 | €2,314 | -€485 | -17.3% |
| Furniture and vehicles | 24 | €1,753 | €640 | -€1,113 | -63.5% |
| Other tangible fixed assets | 26 | - | €1,271 | +€1,271 | |
| Current assets | 29/58 | €70,344 | €83,245 | +€12,901 | +18.3% |
| Stocks and contracts in progress | 3 | €1,224 | - | -€1,224 | |
| Stocks | 30/36 | €1,224 | - | -€1,224 | |
| Amounts receivable within one year | 40/41 | €30,900 | €73,441 | +€42,542 | +138% |
| Trade receivables | 40 | €7,050 | €62,130 | +€55,080 | +781% |
| Other amounts receivable | 41 | €23,850 | €11,311 | -€12,538 | -52.6% |
| Cash at bank and in hand | 54/58 | €37,660 | €9,211 | -€28,449 | -75.5% |
| Deferred charges and accrued income | 490/1 | €560 | €593 | +€33 | +5.8% |
| Total equity and liabilities | 10/49 | €74,895 | €87,470 | +€12,574 | +16.8% |
| Equity | 10/15 | €53,613 | €56,816 | +€3,203 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,013 | €38,216 | +€3,203 | +9.1% |
| Provisions and deferred taxes | 16 | €2,700 | €0 | -€2,700 | -100% |
| Provisions for liabilities and charges | 160/5 | €2,700 | €0 | -€2,700 | -100% |
| Environmental obligations | 163 | €2,700 | €0 | -€2,700 | -100% |
| Amounts payable | 17/49 | €18,583 | €30,654 | +€12,071 | +65.0% |
| Amounts payable within one year | 42/48 | €18,583 | €30,654 | +€12,071 | +65.0% |
| Trade debts | 44 | €18,221 | €30,292 | +€12,071 | +66.2% |
| Suppliers | 440/4 | €18,221 | €30,292 | +€12,071 | +66.2% |
| Taxes, remuneration and social security | 45 | €362 | €362 | = | 0.0% |
| Taxes | 450/3 | €362 | €362 | = | 0.0% |
| Non-recurring operating income | 76A | €2,210 | €36,146 | +€33,936 | +1,536% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,038 | €3,716 | +€678 | +22.3% |
| Other operating charges | 640/8 | €4,725 | €3,443 | -€1,282 | -27.1% |
| Gross operating margin | 9900 | €11,803 | €11,706 | -€97 | -0.8% |
| Operating profit (loss) | 9901 | €4,040 | €4,547 | +€507 | +12.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,037 | €1,344 | +€307 | +29.6% |
| Recurring financial charges | 65 | €1,037 | €1,344 | +€307 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €3,003 | €3,203 | +€201 | +6.7% |
| Profit (loss) for the period | 9904 | €3,003 | €3,203 | +€201 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,003 | €3,203 | +€201 | +6.7% |
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 26 October 2026 via checked.be.