INE NUYTS: 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.
What changed
INE NUYTS
NACE 69.203, Activities of company auditors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€512,192
2024 · €422,235+€89,956
Equity
€80,396
2024 · €80,205+€192
Cash
€230,284
2024 · €226,316+€3,968
Balance sheet total
€1.4m
2024 · €1.3m+€122,465
Largest movements
Assets
- Receivables after one year +€68,000
up €68,000 (+9.1%), from €748,000 to €816,000
- Receivables within one year +€53,107
up €53,107 (+15.9%), from €333,327 to €386,434
of which Trade receivables: +€52,971
Equity and liabilities
- Short-term financial debts +€68,932
up €68,932 (+14.2%), from €484,967 to €553,898
of which Other loans: +€68,800
- Other debts +€52,118
up €52,118 (+11.3%), from €459,911 to €512,029
- Tax, wage and social debts +€41,498
up €41,498 (+27.4%), from €151,430 to €192,928
of which Taxes: +€37,870
- Debts after one year -€39,819
down €39,819 (-49.8%), from €79,908 to €40,089
Income statement
- Gross operating margin +€118,056
up €118,056 (+20.4%), from €577,801 to €695,857
- Taxes +€26,026
up €26,026 (+18.8%), from €138,587 to €164,612
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.
Result 2024
€422,235
Gross operating margin
+€118,056
Depreciation
+€37
Other operating charges
+€99
Financial income
+€1,797
Financial charges
-€4,008
Taxes
-€26,026
Result 2025
€512,192
raises the resultlowers the result
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.
From operations
+€490,302
Investment
-€3,718
Financing
-€482,616
Cash 2024
€226,316
From operations (derived)
+€490,302
Net result for the year
+€512,192
Depreciation
+€6,777
Receivables after one year
-€68,000
Receivables within one year
-€53,107
Smaller working-capital items
+€646
Trade debts
-€1,822
Tax, wage and social debts
+€41,498
Other debts
+€52,118
Investment (derived)
-€3,718
Investment in fixed assets (net)
-€3,718
Financing
-€482,616
Debts after one year
-€39,819
Current portion of long-term debt
+€271
Short-term financial debts
+€68,932
Contributions, distributions and other
-€512,000
Cash 2025
€230,284
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,326,684 | €1,449,149 | +€122,465 | +9.2% |
| Fixed assets | 21/28 | €7,698 | €4,639 | -€3,059 | -39.7% |
| Tangible fixed assets | 22/27 | €7,534 | €4,475 | -€3,059 | -40.6% |
| Plant, machinery and equipment | 23 | €773 | €533 | -€240 | -31.1% |
| Furniture and vehicles | 24 | €6,761 | €3,942 | -€2,818 | -41.7% |
| Financial fixed assets | 28 | €164 | €164 | = | 0.0% |
| Current assets | 29/58 | €1,318,987 | €1,444,510 | +€125,523 | +9.5% |
| Amounts receivable after more than one year | 29 | €748,000 | €816,000 | +€68,000 | +9.1% |
| Other amounts receivable | 291 | €748,000 | €816,000 | +€68,000 | +9.1% |
| Amounts receivable within one year | 40/41 | €333,327 | €386,434 | +€53,107 | +15.9% |
| Trade receivables | 40 | €321,824 | €374,796 | +€52,971 | +16.5% |
| Other amounts receivable | 41 | €11,503 | €11,638 | +€136 | +1.2% |
| Cash at bank and in hand | 54/58 | €226,316 | €230,284 | +€3,968 | +1.8% |
| Deferred charges and accrued income | 490/1 | €11,344 | €11,792 | +€448 | +4.0% |
| Total equity and liabilities | 10/49 | €1,326,684 | €1,449,149 | +€122,465 | +9.2% |
| Equity | 10/15 | €80,205 | €80,396 | +€192 | +0.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205 | €396 | +€192 | +93.5% |
| Amounts payable | 17/49 | €1,246,480 | €1,368,753 | +€122,273 | +9.8% |
| Amounts payable after more than one year | 17 | €79,908 | €40,089 | -€39,819 | -49.8% |
| Financial debts | 170/4 | €79,908 | €40,089 | -€39,819 | -49.8% |
| Amounts payable within one year | 42/48 | €1,140,512 | €1,301,509 | +€160,997 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €39,548 | €39,819 | +€271 | +0.7% |
| Financial debts | 43 | €484,967 | €553,898 | +€68,932 | +14.2% |
| Credit institutions | 430/8 | - | €132 | +€132 | |
| Other loans | 439 | €484,967 | €553,767 | +€68,800 | +14.2% |
| Trade debts | 44 | €4,657 | €2,835 | -€1,822 | -39.1% |
| Suppliers | 440/4 | €4,657 | €2,835 | -€1,822 | -39.1% |
| Taxes, remuneration and social security | 45 | €151,430 | €192,928 | +€41,498 | +27.4% |
| Taxes | 450/3 | €151,430 | €189,300 | +€37,870 | +25.0% |
| Remuneration and social security | 454/9 | - | €3,628 | +€3,628 | |
| Other amounts payable | 47/48 | €459,911 | €512,029 | +€52,118 | +11.3% |
| Accrued charges and deferred income | 492/3 | €26,059 | €27,154 | +€1,095 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,814 | €6,777 | -€37 | -0.5% |
| Other operating charges | 640/8 | €1,331 | €1,231 | -€99 | -7.5% |
| Gross operating margin | 9900 | €577,801 | €695,857 | +€118,056 | +20.4% |
| Operating profit (loss) | 9901 | €569,657 | €687,849 | +€118,192 | +20.7% |
| Financial income | 75/76B | €16,272 | €18,069 | +€1,797 | +11.0% |
| Recurring financial income | 75 | €16,272 | €18,069 | +€1,797 | +11.0% |
| Financial charges | 65/66B | €25,107 | €29,114 | +€4,008 | +16.0% |
| Recurring financial charges | 65 | €25,107 | €29,114 | +€4,008 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €560,822 | €676,804 | +€115,982 | +20.7% |
| Income taxes | 67/77 | €138,587 | €164,612 | +€26,026 | +18.8% |
| Profit (loss) for the period | 9904 | €422,235 | €512,192 | +€89,956 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €422,235 | €512,192 | +€89,956 | +21.3% |
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 30 October 2026 via checked.be.