NINOX: 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.
NINOX
Largest movements
- Cash -€28,925
down €28,925 (-38.2%), from €75,660 to €46,735
mainly Net result for the year (-€22,748) and Investment in fixed assets (net) (-€3,964)
- Receivables within one year -€5,892
down €5,892 (-54.8%), from €10,752 to €4,860
- Tangible fixed assets +€2,796
up €2,796 (+91.1%), from €3,070 to €5,865
- Profit (loss) carried forward -€22,748
new in 2025: -€22,748
- Accrued charges and deferred income -€3,631
down €3,631 (-51.0%), from €7,123 to €3,492
- Tax, wage and social debts -€3,286
no longer reported in 2025 (was €3,286)
- Trade debts -€2,158
down €2,158 (-26.7%), from €8,087 to €5,929
of which Suppliers: -€2,105
- Financial charges +€35,609
up €35,609 (+21,326%), from €167 to €35,776
- Gross operating margin -€11,720
down €11,720 (-41.9%), from €27,974 to €16,255
- Taxes -€7,886
no longer reported in 2025 (was €7,886)
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 | €90,598 | €58,223 | -€32,375 | -35.7% |
| Fixed assets | 21/28 | €3,070 | €5,865 | +€2,796 | +91.1% |
| Tangible fixed assets | 22/27 | €3,070 | €5,865 | +€2,796 | +91.1% |
| Furniture and vehicles | 24 | €3,070 | €5,865 | +€2,796 | +91.1% |
| Current assets | 29/58 | €87,529 | €52,358 | -€35,171 | -40.2% |
| Amounts receivable within one year | 40/41 | €10,752 | €4,860 | -€5,892 | -54.8% |
| Trade receivables | 40 | €10,752 | €4,860 | -€5,892 | -54.8% |
| Cash at bank and in hand | 54/58 | €75,660 | €46,735 | -€28,925 | -38.2% |
| Deferred charges and accrued income | 490/1 | €1,116 | €763 | -€353 | -31.7% |
| Total equity and liabilities | 10/49 | €90,598 | €58,223 | -€32,375 | -35.7% |
| Equity | 10/15 | €68,770 | €46,022 | -€22,748 | -33.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €65,770 | €65,770 | = | 0.0% |
| Distributable reserves | 133 | €65,770 | €65,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,748 | -€22,748 | |
| Amounts payable | 17/49 | €21,828 | €12,201 | -€9,627 | -44.1% |
| Amounts payable within one year | 42/48 | €14,705 | €8,709 | -€5,996 | -40.8% |
| Trade debts | 44 | €8,087 | €5,929 | -€2,158 | -26.7% |
| Suppliers | 440/4 | €8,034 | €5,929 | -€2,105 | -26.2% |
| Bills of exchange payable | 441 | €53 | - | -€53 | |
| Taxes, remuneration and social security | 45 | €3,286 | - | -€3,286 | |
| Taxes | 450/3 | €3,286 | - | -€3,286 | |
| Other amounts payable | 47/48 | €3,331 | €2,780 | -€551 | -16.6% |
| Accrued charges and deferred income | 492/3 | €7,123 | €3,492 | -€3,631 | -51.0% |
| Remuneration, social security and pensions | 62 | €1,696 | €1,970 | +€274 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,290 | €1,168 | -€122 | -9.5% |
| Other operating charges | 640/8 | - | €88 | +€88 | |
| Gross operating margin | 9900 | €27,974 | €16,255 | -€11,720 | -41.9% |
| Operating profit (loss) | 9901 | €24,988 | €13,028 | -€11,960 | -47.9% |
| Financial charges | 65/66B | €167 | €35,776 | +€35,609 | +21,326% |
| Recurring financial charges | 65 | €167 | €35,776 | +€35,609 | +21,326% |
| Profit (loss) for the period before taxes | 9903 | €24,821 | -€22,748 | -€47,569 | |
| Income taxes | 67/77 | €7,886 | - | -€7,886 | |
| Profit (loss) for the period | 9904 | €16,936 | -€22,748 | -€39,684 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,936 | -€22,748 | -€39,684 |
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 14 October 2026 via checked.be.