NITABA: 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
NITABA
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€68,896
2024 · €70,243-€1,347
Equity
€639,273
2024 · €630,377+€8,896
Cash
€173,623
2024 · €151,868+€21,755
Balance sheet total
€794,216
2024 · €791,274+€2,942
Largest movements
Assets
- Cash +€21,755
up €21,755 (+14.3%), from €151,868 to €173,623
mainly Depreciation (+€82,877) and Net result for the year (+€68,896)
- Tangible fixed assets -€20,090
down €20,090 (-3.8%), from €533,699 to €513,609
of which Land and buildings: -€19,611
Equity and liabilities
- Profit (loss) carried forward +€18,914
up €18,914 (+6.1%), from €312,284 to €331,198
- Reserves -€10,018
down €10,018 (-3.9%), from €259,938 to €249,920
of which Tax-exempt reserves: -€10,018
Income statement
- Depreciation +€4,416
up €4,416 (+5.6%), from €78,461 to €82,877
- Gross operating margin +€2,459
up €2,459 (+1.2%), from €205,871 to €208,330
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
€70,243
Gross operating margin
+€2,459
Depreciation
-€4,416
Other operating charges
+€85
Financial income
-€1
Financial charges
+€46
Taxes
+€479
Result 2025
€68,896
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
+€141,179
Investment
-€56,787
Financing
-€62,638
Cash 2024
€151,868
From operations (derived)
+€141,179
Net result for the year
+€68,896
Depreciation
+€82,877
Receivables within one year
-€3,776
Deferred charges and accrued income
-€3,502
Provisions
-€3,339
Trade debts
+€50
Tax, wage and social debts
+€1,371
Accrued charges and deferred income
-€1,397
Investment (derived)
-€56,787
Investment in fixed assets (net)
-€56,787
Financing
-€62,638
Debts after one year
-€6,000
Current portion of long-term debt
+€3,362
Contributions, distributions and other
-€60,000
Cash 2025
€173,623
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €791,274 | €794,216 | +€2,942 | +0.4% |
| Fixed assets | 21/28 | €575,224 | €549,134 | -€26,090 | -4.5% |
| Tangible fixed assets | 22/27 | €533,699 | €513,609 | -€20,090 | -3.8% |
| Land and buildings | 22 | €532,533 | €512,921 | -€19,611 | -3.7% |
| Plant, machinery and equipment | 23 | €1,166 | €688 | -€479 | -41.1% |
| Financial fixed assets | 28 | €41,525 | €35,525 | -€6,000 | -14.4% |
| Current assets | 29/58 | €216,050 | €245,083 | +€29,032 | +13.4% |
| Amounts receivable within one year | 40/41 | €35,579 | €39,355 | +€3,776 | +10.6% |
| Trade receivables | 40 | €2,400 | €0 | -€2,400 | -100% |
| Other amounts receivable | 41 | €33,179 | €39,355 | +€6,176 | +18.6% |
| Cash at bank and in hand | 54/58 | €151,868 | €173,623 | +€21,755 | +14.3% |
| Deferred charges and accrued income | 490/1 | €28,603 | €32,104 | +€3,502 | +12.2% |
| Total equity and liabilities | 10/49 | €791,274 | €794,216 | +€2,942 | +0.4% |
| Equity | 10/15 | €630,377 | €639,273 | +€8,896 | +1.4% |
| Contributions | 10/11 | €58,155 | €58,155 | = | 0.0% |
| Reserves | 13 | €259,938 | €249,920 | -€10,018 | -3.9% |
| Tax-exempt reserves | 132 | €67,321 | €57,303 | -€10,018 | -14.9% |
| Distributable reserves | 133 | €192,616 | €192,616 | = | 0.0% |
| Profit (loss) carried forward | 14 | €312,284 | €331,198 | +€18,914 | +6.1% |
| Provisions and deferred taxes | 16 | €27,944 | €24,604 | -€3,339 | -12.0% |
| Provisions for liabilities and charges | 160/5 | €5,503 | €5,503 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,503 | €5,503 | = | 0.0% |
| Deferred taxes | 168 | €22,440 | €19,101 | -€3,339 | -14.9% |
| Amounts payable | 17/49 | €132,953 | €130,339 | -€2,614 | -2.0% |
| Amounts payable after more than one year | 17 | €41,525 | €35,525 | -€6,000 | -14.4% |
| Other amounts payable | 178/9 | €41,525 | €35,525 | -€6,000 | -14.4% |
| Amounts payable within one year | 42/48 | €60,784 | €65,567 | +€4,783 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,362 | +€3,362 | |
| Trade debts | 44 | €0 | €50 | +€50 | |
| Suppliers | 440/4 | €0 | €50 | +€50 | |
| Taxes, remuneration and social security | 45 | €784 | €2,155 | +€1,371 | +175% |
| Taxes | 450/3 | €784 | €2,155 | +€1,371 | +175% |
| Other amounts payable | 47/48 | €60,000 | €60,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €30,644 | €29,247 | -€1,397 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,461 | €82,877 | +€4,416 | +5.6% |
| Other operating charges | 640/8 | €32,954 | €32,869 | -€85 | -0.3% |
| Gross operating margin | 9900 | €205,871 | €208,330 | +€2,459 | +1.2% |
| Operating profit (loss) | 9901 | €94,456 | €92,585 | -€1,872 | -2.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €800 | €754 | -€46 | -5.8% |
| Recurring financial charges | 65 | €800 | €754 | -€46 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €93,657 | €91,831 | -€1,827 | -2.0% |
| Transfer from deferred taxes | 780 | €3,339 | €3,339 | = | 0.0% |
| Income taxes | 67/77 | €26,754 | €26,274 | -€479 | -1.8% |
| Profit (loss) for the period | 9904 | €70,243 | €68,896 | -€1,347 | -1.9% |
| Transfer from tax-exempt reserves | 789 | €10,018 | €10,018 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,261 | €78,914 | -€1,347 | -1.7% |
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 17 October 2026 via checked.be.