NITANCO: 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.
NITANCO
Largest movements
- Cash -€16,628
down €16,628 (-72.7%), from €22,864 to €6,235
mainly Contributions, distributions and other (-€24,706) and Net result for the year (-€2,050)
- Receivables within one year -€4,446
down €4,446 (-61.4%), from €7,236 to €2,789
of which Trade receivables: -€3,097
- Stocks and contracts -€1,479
no longer reported in 2025 (was €1,479)
- Tangible fixed assets -€711
down €711 (-69.3%), from €1,025 to €314
of which Plant, machinery and equipment: -€623
- Profit (loss) carried forward -€26,756
down €26,756 (-89.2%), from €29,994 to €3,238
- Tax, wage and social debts +€3,519
up €3,519 (+718.3%), from €490 to €4,008
- Gross operating margin -€2,940
down €2,940, from €2,015 to -€924
- Taxes -€880
down €880, from €763 to -€117
- Depreciation -€302
down €302 (-29.8%), from €1,013 to €711
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 | €32,603 | €9,339 | -€23,264 | -71.4% |
| Fixed assets | 21/28 | €1,025 | €314 | -€711 | -69.3% |
| Tangible fixed assets | 22/27 | €1,025 | €314 | -€711 | -69.3% |
| Plant, machinery and equipment | 23 | €937 | €314 | -€623 | -66.5% |
| Furniture and vehicles | 24 | €88 | - | -€88 | |
| Current assets | 29/58 | €31,578 | €9,025 | -€22,554 | -71.4% |
| Stocks and contracts in progress | 3 | €1,479 | - | -€1,479 | |
| Stocks | 30/36 | €1,479 | - | -€1,479 | |
| Amounts receivable within one year | 40/41 | €7,236 | €2,789 | -€4,446 | -61.4% |
| Trade receivables | 40 | €4,214 | €1,118 | -€3,097 | -73.5% |
| Other amounts receivable | 41 | €3,021 | €1,672 | -€1,350 | -44.7% |
| Cash at bank and in hand | 54/58 | €22,864 | €6,235 | -€16,628 | -72.7% |
| Total equity and liabilities | 10/49 | €32,603 | €9,339 | -€23,264 | -71.4% |
| Equity | 10/15 | €31,994 | €5,238 | -€26,756 | -83.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,994 | €3,238 | -€26,756 | -89.2% |
| Amounts payable | 17/49 | €609 | €4,100 | +€3,491 | +573.1% |
| Amounts payable within one year | 42/48 | €609 | €4,100 | +€3,491 | +573.1% |
| Trade debts | 44 | €119 | €92 | -€27 | -22.9% |
| Suppliers | 440/4 | €119 | €92 | -€27 | -22.9% |
| Taxes, remuneration and social security | 45 | €490 | €4,008 | +€3,519 | +718.3% |
| Taxes | 450/3 | €490 | €4,008 | +€3,519 | +718.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,013 | €711 | -€302 | -29.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,015 | -€924 | -€2,940 | |
| Operating profit (loss) | 9901 | €615 | -€2,035 | -€2,650 | |
| Financial charges | 65/66B | €125 | €132 | +€7 | +5.4% |
| Recurring financial charges | 65 | €125 | €132 | +€7 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €490 | -€2,166 | -€2,657 | |
| Income taxes | 67/77 | €763 | -€117 | -€880 | |
| Profit (loss) for the period | 9904 | -€273 | -€2,050 | -€1,777 | -650.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€273 | -€2,050 | -€1,777 | -650.7% |
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 6 October 2026 via checked.be.