N2IT: what changed
Two fiscal 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.
N2IT
Largest movements
- Intangible fixed assets -€14,759
down €14,759 (-4.6%), from €323,735 to €308,976
- Cash +€10,629
up €10,629 (+41.7%), from €25,485 to €36,114
mainly Net result for the year (+€23,700) and Depreciation (+€18,801)
- Receivables within one year -€6,457
down €6,457 (-15.3%), from €42,063 to €35,607
of which Trade receivables: -€5,947
- Reserves +€23,700
up €23,700 (+36.0%), from €65,813 to €89,513
- Other debts -€18,618
down €18,618 (-8.8%), from €212,182 to €193,564
- Trade debts -€7,987
down €7,987 (-63.6%), from €12,568 to €4,581
- Debts after one year -€4,835
down €4,835 (-5.9%), from €82,031 to €77,195
- Gross operating margin +€24,965
up €24,965 (+86.7%), from €28,800 to €53,765
- Taxes +€6,411
up €6,411 (+270.6%), from €2,369 to €8,780
- Financial charges -€654
down €654 (-25.6%), from €2,553 to €1,899
of which Financial charges: -€654
- Other operating charges +€641
up €641 (+313.8%), from €204 to €845
- Depreciation +€541
up €541 (+3.0%), from €18,260 to €18,801
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.
Cash bridge derived
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 | €417,299 | €409,511 | -€7,788 | -1.9% |
| Fixed assets | 21/28 | €336,328 | €324,455 | -€11,872 | -3.5% |
| Intangible fixed assets | 21 | €323,735 | €308,976 | -€14,759 | -4.6% |
| Tangible fixed assets | 22/27 | €12,592 | €15,479 | +€2,886 | +22.9% |
| Land and buildings | 22 | €7,639 | €12,799 | +€5,159 | +67.5% |
| Plant, machinery and equipment | 23 | €2,817 | €1,186 | -€1,631 | -57.9% |
| Furniture and vehicles | 24 | €2,136 | €1,495 | -€642 | -30.0% |
| Current assets | 29/58 | €80,972 | €85,056 | +€4,085 | +5.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €42,063 | €35,607 | -€6,457 | -15.3% |
| Trade receivables | 40 | €35,666 | €29,718 | -€5,947 | -16.7% |
| Other amounts receivable | 41 | €6,398 | €5,888 | -€510 | -8.0% |
| Cash at bank and in hand | 54/58 | €25,485 | €36,114 | +€10,629 | +41.7% |
| Deferred charges and accrued income | 490/1 | €13,423 | €13,336 | -€87 | -0.7% |
| Total equity and liabilities | 10/49 | €417,299 | €409,511 | -€7,788 | -1.9% |
| Equity | 10/15 | €92,921 | €116,621 | +€23,700 | +25.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €65,813 | €89,513 | +€23,700 | +36.0% |
| Distributable reserves | 133 | €65,813 | €89,513 | +€23,700 | +36.0% |
| Profit (loss) carried forward | 14 | €8,108 | €8,108 | = | 0.0% |
| Amounts payable | 17/49 | €324,378 | €292,890 | -€31,488 | -9.7% |
| Amounts payable after more than one year | 17 | €82,031 | €77,195 | -€4,835 | -5.9% |
| Financial debts | 170/4 | €82,031 | €77,195 | -€4,835 | -5.9% |
| Amounts payable within one year | 42/48 | €242,347 | €215,695 | -€26,653 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €6,532 | €7,194 | +€662 | +10.1% |
| Trade debts | 44 | €12,568 | €4,581 | -€7,987 | -63.6% |
| Suppliers | 440/4 | €12,568 | €4,581 | -€7,987 | -63.6% |
| Taxes, remuneration and social security | 45 | €11,066 | €10,356 | -€709 | -6.4% |
| Taxes | 450/3 | €9,066 | €8,356 | -€709 | -7.8% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €212,182 | €193,564 | -€18,618 | -8.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,260 | €18,801 | +€541 | +3.0% |
| Other operating charges | 640/8 | €204 | €845 | +€641 | +313.8% |
| Gross operating margin | 9900 | €28,800 | €53,765 | +€24,965 | +86.7% |
| Operating profit (loss) | 9901 | €10,336 | €34,119 | +€23,783 | +230.1% |
| Financial income | 75/76B | €20 | €261 | +€241 | +1199.3% |
| Recurring financial income | 75 | €20 | €261 | +€241 | +1199.3% |
| Financial charges | 65/66B | €2,553 | €1,899 | -€654 | -25.6% |
| Recurring financial charges | 65 | €2,553 | €1,899 | -€654 | -25.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €7,803 | €32,480 | +€24,677 | +316.2% |
| Income taxes | 67/77 | €2,369 | €8,780 | +€6,411 | +270.6% |
| Profit (loss) for the period | 9904 | €5,434 | €23,700 | +€18,266 | +336.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,434 | €23,700 | +€18,266 | +336.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.