NITAC: 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.
NITAC
Largest movements
- Cash +€6,089
up €6,089 (+44.7%), from €13,621 to €19,710
mainly Net result for the year (+€87,809) and Short-term financial debts (+€5,560)
- Reserves +€75,353
up €75,353 (+118.3%), from €63,706 to €139,059
- Other debts -€72,775
down €72,775 (-28.7%), from €253,878 to €181,103
- Debts after one year -€19,072
down €19,072 (-100.0%), from €19,072 to €0
- Profit (loss) carried forward +€12,456
up €12,456, from -€12,456 to €0
- Short-term financial debts +€5,560
up €5,560 (+266.9%), from €2,083 to €7,643
- Financial income +€20,000
up €20,000 (+50.0%), from €40,000 to €60,000
- Gross operating margin +€4,335
up €4,335 (+12.3%), from €35,271 to €39,606
- Taxes +€541
up €541 (+5.6%), from €9,734 to €10,274
- Financial charges -€481
down €481 (-34.4%), from €1,397 to €916
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,059 | €361,274 | +€5,216 | +1.5% |
| Fixed assets | 21/28 | €341,871 | €341,264 | -€607 | -0.2% |
| Tangible fixed assets | 22/27 | €1,197 | €590 | -€607 | -50.7% |
| Furniture and vehicles | 24 | €1,197 | €590 | -€607 | -50.7% |
| Financial fixed assets | 28 | €340,674 | €340,674 | = | 0.0% |
| Current assets | 29/58 | €14,188 | €20,010 | +€5,822 | +41.0% |
| Amounts receivable within one year | 40/41 | €266 | €0 | -€266 | -100.0% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €266 | €0 | -€266 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,621 | €19,710 | +€6,089 | +44.7% |
| Deferred charges and accrued income | 490/1 | €300 | €300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €356,059 | €361,274 | +€5,216 | +1.5% |
| Equity | 10/15 | €57,450 | €145,259 | +€87,809 | +152.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,706 | €139,059 | +€75,353 | +118.3% |
| Distributable reserves | 133 | €63,706 | €139,059 | +€75,353 | +118.3% |
| Profit (loss) carried forward | 14 | -€12,456 | €0 | +€12,456 | |
| Amounts payable | 17/49 | €298,609 | €216,016 | -€82,594 | -27.7% |
| Amounts payable after more than one year | 17 | €19,072 | €0 | -€19,072 | -100.0% |
| Financial debts | 170/4 | €19,072 | €0 | -€19,072 | -100.0% |
| Amounts payable within one year | 42/48 | €279,537 | €216,016 | -€63,522 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €20,246 | €20,652 | +€406 | +2.0% |
| Financial debts | 43 | €2,083 | €7,643 | +€5,560 | +266.9% |
| Credit institutions | 430/8 | €2,083 | €7,643 | +€5,560 | +266.9% |
| Trade debts | 44 | €233 | €5,134 | +€4,901 | +2100.4% |
| Suppliers | 440/4 | €233 | €5,134 | +€4,901 | +2100.4% |
| Taxes, remuneration and social security | 45 | €3,096 | €1,483 | -€1,613 | -52.1% |
| Taxes | 450/3 | €3,096 | €1,483 | -€1,613 | -52.1% |
| Other amounts payable | 47/48 | €253,878 | €181,103 | -€72,775 | -28.7% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €607 | €607 | = | 0.0% |
| Gross operating margin | 9900 | €35,271 | €39,606 | +€4,335 | +12.3% |
| Operating profit (loss) | 9901 | €34,664 | €39,000 | +€4,335 | +12.5% |
| Financial income | 75/76B | €40,000 | €60,000 | +€20,000 | +50.0% |
| Recurring financial income | 75 | €40,000 | €60,000 | +€20,000 | +50.0% |
| Financial charges | 65/66B | €1,397 | €916 | -€481 | -34.4% |
| Recurring financial charges | 65 | €1,397 | €916 | -€481 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €73,267 | €98,083 | +€24,816 | +33.9% |
| Income taxes | 67/77 | €9,734 | €10,274 | +€541 | +5.6% |
| Profit (loss) for the period | 9904 | €63,534 | €87,809 | +€24,276 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,534 | €87,809 | +€24,276 | +38.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.