Niena: 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.
Niena
Largest movements
- Cash +€16,423
up €16,423 (+154%), from €10,699 to €27,122
mainly Net result for the year (+€36,210) and Depreciation (+€7,736)
- Tangible fixed assets -€5,958
down €5,958 (-77.6%), from €7,676 to €1,718
of which Leasing and similar rights: -€7,676
- Reserves +€36,210
up €36,210 (+48.7%), from €74,394 to €110,604
- Debts after one year -€18,757
down €18,757 (-16.1%), from €116,461 to €97,704
of which Financial debts: -€19,000
- Current portion of long-term debt -€7,325
down €7,325 (-27.8%), from €26,325 to €19,000
- Gross operating margin +€9,648
up €9,648 (+19.0%), from €50,746 to €60,393
- Taxes +€2,638
up €2,638 (+27.4%), from €9,624 to €12,262
- Depreciation -€1,050
down €1,050 (-11.9%), from €8,786 to €7,736
- Other operating charges +€845
up €845 (+429%), from €197 to €1,042
- Financial charges -€720
down €720 (-16.7%), from €4,320 to €3,599
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 | €232,625 | €241,424 | +€8,800 | +3.8% |
| Fixed assets | 21/28 | €192,676 | €186,718 | -€5,958 | -3.1% |
| Tangible fixed assets | 22/27 | €7,676 | €1,718 | -€5,958 | -77.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €1,718 | +€1,718 | |
| Leasing and similar rights | 25 | €7,676 | €0 | -€7,676 | -100% |
| Financial fixed assets | 28 | €185,000 | €185,000 | = | 0.0% |
| Current assets | 29/58 | €39,949 | €54,707 | +€14,758 | +36.9% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,850 | €7,184 | -€1,665 | -18.8% |
| Trade receivables | 40 | €8,470 | €6,050 | -€2,420 | -28.6% |
| Other amounts receivable | 41 | €380 | €1,134 | +€755 | +199% |
| Cash at bank and in hand | 54/58 | €10,699 | €27,122 | +€16,423 | +154% |
| Deferred charges and accrued income | 490/1 | €400 | €400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €232,625 | €241,424 | +€8,800 | +3.8% |
| Equity | 10/15 | €84,394 | €120,604 | +€36,210 | +42.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €74,394 | €110,604 | +€36,210 | +48.7% |
| Distributable reserves | 133 | €74,394 | €110,604 | +€36,210 | +48.7% |
| Amounts payable | 17/49 | €148,230 | €120,820 | -€27,410 | -18.5% |
| Amounts payable after more than one year | 17 | €116,461 | €97,704 | -€18,757 | -16.1% |
| Financial debts | 170/4 | €76,000 | €57,000 | -€19,000 | -25.0% |
| Other amounts payable | 178/9 | €40,461 | €40,704 | +€243 | +0.6% |
| Amounts payable within one year | 42/48 | €31,769 | €23,116 | -€8,654 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €26,325 | €19,000 | -€7,325 | -27.8% |
| Trade debts | 44 | €1,369 | €1,382 | +€13 | +0.9% |
| Suppliers | 440/4 | €1,369 | €1,382 | +€13 | +0.9% |
| Taxes, remuneration and social security | 45 | €4,075 | €2,734 | -€1,341 | -32.9% |
| Taxes | 450/3 | €4,075 | €2,734 | -€1,341 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,786 | €7,736 | -€1,050 | -11.9% |
| Other operating charges | 640/8 | €197 | €1,042 | +€845 | +429% |
| Gross operating margin | 9900 | €50,746 | €60,393 | +€9,648 | +19.0% |
| Operating profit (loss) | 9901 | €41,763 | €51,615 | +€9,852 | +23.6% |
| Financial income | 75/76B | €412 | €456 | +€44 | +10.7% |
| Recurring financial income | 75 | €412 | €456 | +€44 | +10.7% |
| Financial charges | 65/66B | €4,320 | €3,599 | -€720 | -16.7% |
| Recurring financial charges | 65 | €4,320 | €3,599 | -€720 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €37,855 | €48,472 | +€10,617 | +28.0% |
| Income taxes | 67/77 | €9,624 | €12,262 | +€2,638 | +27.4% |
| Profit (loss) for the period | 9904 | €28,231 | €36,210 | +€7,979 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,231 | €36,210 | +€7,979 | +28.3% |
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 24 October 2026 via checked.be.