NNI Management: 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.
NNI Management
Largest movements
- Current investments +€181,362
up €181,362 (+90.4%), from €200,512 to €381,874
- Receivables within one year +€17,843
up €17,843 (+282%), from €6,319 to €24,162
of which Trade receivables: +€17,485
- Cash -€7,682
down €7,682 (-8.2%), from €93,742 to €86,060
mainly Current investments (-€181,362) and Receivables within one year (-€17,843)
- Reserves +€192,831
up €192,831 (+86.6%), from €222,753 to €415,583
- Gross operating margin -€42,065
down €42,065 (-14.6%), from €289,105 to €247,040
- Taxes -€10,545
down €10,545 (-15.4%), from €68,449 to €57,905
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 | €300,573 | €493,957 | +€193,384 | +64.3% |
| Fixed assets | 21/28 | - | €1,861 | +€1,861 | |
| Tangible fixed assets | 22/27 | - | €1,861 | +€1,861 | |
| Plant, machinery and equipment | 23 | - | €1,861 | +€1,861 | |
| Current assets | 29/58 | €300,573 | €492,096 | +€191,523 | +63.7% |
| Amounts receivable within one year | 40/41 | €6,319 | €24,162 | +€17,843 | +282% |
| Trade receivables | 40 | €70 | €17,555 | +€17,485 | +24,978% |
| Other amounts receivable | 41 | €6,249 | €6,607 | +€359 | +5.7% |
| Current investments | 50/53 | €200,512 | €381,874 | +€181,362 | +90.4% |
| Cash at bank and in hand | 54/58 | €93,742 | €86,060 | -€7,682 | -8.2% |
| Total equity and liabilities | 10/49 | €300,573 | €493,957 | +€193,384 | +64.3% |
| Equity | 10/15 | €232,753 | €425,583 | +€192,831 | +82.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €222,753 | €415,583 | +€192,831 | +86.6% |
| Distributable reserves | 133 | €222,753 | €415,583 | +€192,831 | +86.6% |
| Amounts payable | 17/49 | €67,820 | €68,373 | +€553 | +0.8% |
| Amounts payable within one year | 42/48 | €67,820 | €68,373 | +€553 | +0.8% |
| Trade debts | 44 | €205 | €200 | -€6 | -2.7% |
| Suppliers | 440/4 | €205 | €200 | -€6 | -2.7% |
| Taxes, remuneration and social security | 45 | €67,615 | €68,174 | +€559 | +0.8% |
| Taxes | 450/3 | €67,615 | €68,174 | +€559 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €167 | +€167 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €289,105 | €247,040 | -€42,065 | -14.6% |
| Operating profit (loss) | 9901 | €288,987 | €246,752 | -€42,235 | -14.6% |
| Financial income | 75/76B | €2,781 | €4,268 | +€1,487 | +53.4% |
| Recurring financial income | 75 | €2,781 | €4,268 | +€1,487 | +53.4% |
| Financial charges | 65/66B | €566 | €285 | -€281 | -49.7% |
| Recurring financial charges | 65 | €566 | €285 | -€281 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €291,202 | €250,735 | -€40,467 | -13.9% |
| Income taxes | 67/77 | €68,449 | €57,905 | -€10,545 | -15.4% |
| Profit (loss) for the period | 9904 | €222,753 | €192,831 | -€29,922 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €222,753 | €192,831 | -€29,922 | -13.4% |
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 30 October 2026 via checked.be.