NINU: 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.
NINU
Largest movements
- Receivables within one year +€70,099
up €70,099 (+101%), from €69,529 to €139,628
- Cash +€15,691
up €15,691 (+22,893%), from €69 to €15,760
mainly Net result for the year (+€59,885) and Debts after one year (+€20,000)
- Profit (loss) carried forward +€59,885
up €59,885 (+52.8%), from -€113,345 to -€53,459
- Debts after one year +€20,000
up €20,000 (+18.2%), from €110,000 to €130,000
- Tax, wage and social debts +€16,530
up €16,530 (+85.2%), from €19,406 to €35,936
- Other debts -€13,470
down €13,470 (-42.4%), from €31,797 to €18,327
- Trade debts +€2,292
up €2,292 (+34.1%), from €6,716 to €9,007
- Gross operating margin +€97,839
up €97,839, from -€26,435 to €71,404
- Taxes +€4,576
up €4,576 (+1,426%), from €321 to €4,897
- Other operating charges +€1,207
up €1,207 (+82.2%), from €1,468 to €2,675
- Depreciation -€1,105
down €1,105 (-66.7%), from €1,657 to €553
- Financial charges +€1,000
up €1,000 (+41.5%), from €2,406 to €3,406
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 | €72,913 | €158,150 | +€85,237 | +117% |
| Fixed assets | 21/28 | €3,315 | €2,763 | -€553 | -16.7% |
| Tangible fixed assets | 22/27 | €3,315 | €2,763 | -€553 | -16.7% |
| Land and buildings | 22 | €3,315 | €2,763 | -€553 | -16.7% |
| Current assets | 29/58 | €69,598 | €155,387 | +€85,790 | +123% |
| Amounts receivable within one year | 40/41 | €69,529 | €139,628 | +€70,099 | +101% |
| Trade receivables | 40 | €69,529 | €139,628 | +€70,099 | +101% |
| Cash at bank and in hand | 54/58 | €69 | €15,760 | +€15,691 | +22,893% |
| Total equity and liabilities | 10/49 | €72,913 | €158,150 | +€85,237 | +117% |
| Equity | 10/15 | -€95,005 | -€35,120 | +€59,885 | +63.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,140 | €12,140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €11,210 | €11,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,345 | -€53,459 | +€59,885 | +52.8% |
| Amounts payable | 17/49 | €167,918 | €193,270 | +€25,352 | +15.1% |
| Amounts payable after more than one year | 17 | €110,000 | €130,000 | +€20,000 | +18.2% |
| Other amounts payable | 178/9 | €110,000 | €130,000 | +€20,000 | +18.2% |
| Amounts payable within one year | 42/48 | €57,918 | €63,270 | +€5,352 | +9.2% |
| Trade debts | 44 | €6,716 | €9,007 | +€2,292 | +34.1% |
| Suppliers | 440/4 | €6,716 | €9,007 | +€2,292 | +34.1% |
| Taxes, remuneration and social security | 45 | €19,406 | €35,936 | +€16,530 | +85.2% |
| Taxes | 450/3 | €19,406 | €35,936 | +€16,530 | +85.2% |
| Other amounts payable | 47/48 | €31,797 | €18,327 | -€13,470 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,657 | €553 | -€1,105 | -66.7% |
| Other operating charges | 640/8 | €1,468 | €2,675 | +€1,207 | +82.2% |
| Gross operating margin | 9900 | -€26,435 | €71,404 | +€97,839 | |
| Operating profit (loss) | 9901 | -€29,560 | €68,177 | +€97,737 | |
| Financial income | 75/76B | €33 | €12 | -€22 | -64.7% |
| Recurring financial income | 75 | €33 | €12 | -€22 | -64.7% |
| Financial charges | 65/66B | €2,406 | €3,406 | +€1,000 | +41.5% |
| Recurring financial charges | 65 | €2,406 | €3,406 | +€1,000 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,933 | €64,783 | +€96,715 | |
| Income taxes | 67/77 | €321 | €4,897 | +€4,576 | +1,426% |
| Profit (loss) for the period | 9904 | -€32,254 | €59,885 | +€92,139 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,254 | €59,885 | +€92,139 |
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 25 October 2026 via checked.be.