NFTEK: 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.
NFTEK
Largest movements
- Tangible fixed assets +€47,007
up €47,007 (+5.7%), from €824,971 to €871,978
of which Land and buildings: +€53,950
- Receivables within one year -€36,991
down €36,991 (-76.3%), from €48,465 to €11,474
of which Trade receivables: -€29,832
- Cash +€15,039
up €15,039 (+35.3%), from €42,595 to €57,634
mainly Depreciation (+€61,520) and Other debts (+€40,290)
- Other debts +€40,290
up €40,290 (+7.7%), from €523,649 to €563,939
- Trade debts -€29,112
down €29,112 (-89.6%), from €32,479 to €3,367
- Reserves +€23,631
up €23,631 (+8.7%), from €272,654 to €296,285
of which Distributable reserves: +€23,631
- Gross operating margin +€39,595
up €39,595 (+44.1%), from €89,709 to €129,304
- Depreciation +€14,605
up €14,605 (+31.1%), from €46,915 to €61,520
- Staff costs +€13,898
up €13,898 (+128.1%), from €10,852 to €24,750
- Other operating charges +€2,892
up €2,892 (+81.9%), from €3,530 to €6,423
- Taxes +€2,562
up €2,562 (+26.5%), from €9,663 to €12,225
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 | €916,834 | €941,868 | +€25,035 | +2.7% |
| Fixed assets | 21/28 | €824,971 | €871,978 | +€47,007 | +5.7% |
| Tangible fixed assets | 22/27 | €824,971 | €871,978 | +€47,007 | +5.7% |
| Land and buildings | 22 | €797,299 | €851,248 | +€53,950 | +6.8% |
| Plant, machinery and equipment | 23 | €15,327 | €13,729 | -€1,597 | -10.4% |
| Furniture and vehicles | 24 | €12,346 | €7,000 | -€5,346 | -43.3% |
| Current assets | 29/58 | €91,863 | €69,891 | -€21,972 | -23.9% |
| Amounts receivable within one year | 40/41 | €48,465 | €11,474 | -€36,991 | -76.3% |
| Trade receivables | 40 | €35,675 | €5,843 | -€29,832 | -83.6% |
| Other amounts receivable | 41 | €12,790 | €5,630 | -€7,159 | -56.0% |
| Cash at bank and in hand | 54/58 | €42,595 | €57,634 | +€15,039 | +35.3% |
| Deferred charges and accrued income | 490/1 | €803 | €783 | -€20 | -2.4% |
| Total equity and liabilities | 10/49 | €916,834 | €941,868 | +€25,035 | +2.7% |
| Equity | 10/15 | €291,654 | €315,285 | +€23,631 | +8.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €272,654 | €296,285 | +€23,631 | +8.7% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €270,754 | €294,385 | +€23,631 | +8.7% |
| Amounts payable | 17/49 | €625,180 | €626,584 | +€1,404 | +0.2% |
| Amounts payable after more than one year | 17 | €31,747 | €24,623 | -€7,124 | -22.4% |
| Financial debts | 170/4 | €31,747 | €24,623 | -€7,124 | -22.4% |
| Amounts payable within one year | 42/48 | €593,433 | €601,961 | +€8,528 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €18,501 | €9,243 | -€9,259 | -50.0% |
| Trade debts | 44 | €32,479 | €3,367 | -€29,112 | -89.6% |
| Suppliers | 440/4 | €32,479 | €3,367 | -€29,112 | -89.6% |
| Taxes, remuneration and social security | 45 | €18,804 | €25,412 | +€6,609 | +35.1% |
| Taxes | 450/3 | €11,961 | €12,828 | +€867 | +7.2% |
| Remuneration and social security | 454/9 | €6,843 | €12,585 | +€5,742 | +83.9% |
| Other amounts payable | 47/48 | €523,649 | €563,939 | +€40,290 | +7.7% |
| Remuneration, social security and pensions | 62 | €10,852 | €24,750 | +€13,898 | +128.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,915 | €61,520 | +€14,605 | +31.1% |
| Other operating charges | 640/8 | €3,530 | €6,423 | +€2,892 | +81.9% |
| Gross operating margin | 9900 | €89,709 | €129,304 | +€39,595 | +44.1% |
| Operating profit (loss) | 9901 | €28,412 | €36,612 | +€8,200 | +28.9% |
| Financial income | 75/76B | €18 | €185 | +€166 | +917.5% |
| Recurring financial income | 75 | €18 | €185 | +€166 | +917.5% |
| Financial charges | 65/66B | €1,427 | €940 | -€486 | -34.1% |
| Recurring financial charges | 65 | €1,427 | €940 | -€486 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €27,003 | €35,856 | +€8,852 | +32.8% |
| Income taxes | 67/77 | €9,663 | €12,225 | +€2,562 | +26.5% |
| Profit (loss) for the period | 9904 | €17,340 | €23,631 | +€6,291 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,340 | €23,631 | +€6,291 | +36.3% |
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 8 October 2026 via checked.be.