Nitec: 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.
Nitec
Largest movements
- Cash +€27,158
up €27,158 (+9.2%), from €295,931 to €323,089
mainly Net result for the year (+€86,981) and Other debts (+€56,289)
- Tangible fixed assets +€24,127
up €24,127 (+9.2%), from €260,891 to €285,018
of which Furniture and vehicles: +€39,641
- Current investments +€14,000
up €14,000 (+18.7%), from €75,000 to €89,000
- Stocks and contracts +€10,036
up €10,036 (+17.0%), from €59,086 to €69,122
- Other debts +€56,289
up €56,289 (+73.1%), from €77,012 to €133,301
- Reserves +€34,945
up €34,945 (+6.2%), from €564,757 to €599,702
- Current portion of long-term debt +€25,905
up €25,905 (+85.0%), from €30,459 to €56,364
- Trade debts -€21,319
down €21,319 (-38.5%), from €55,441 to €34,122
- Tax, wage and social debts -€17,730
down €17,730 (-30.1%), from €58,942 to €41,212
of which Taxes: -€18,963
- Gross operating margin -€37,465
down €37,465 (-10.1%), from €371,276 to €333,811
- Staff costs +€34,587
up €34,587 (+30.2%), from €114,561 to €149,147
- Taxes -€27,618
down €27,618 (-43.6%), from €63,305 to €35,686
- Depreciation +€9,404
up €9,404 (+20.6%), from €45,615 to €55,019
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 | €876,093 | €959,987 | +€83,894 | +9.6% |
| Fixed assets | 21/28 | €260,891 | €285,018 | +€24,127 | +9.2% |
| Tangible fixed assets | 22/27 | €260,891 | €285,018 | +€24,127 | +9.2% |
| Land and buildings | 22 | €168,303 | €153,010 | -€15,293 | -9.1% |
| Plant, machinery and equipment | 23 | €221 | - | -€221 | |
| Furniture and vehicles | 24 | €92,367 | €132,009 | +€39,641 | +42.9% |
| Current assets | 29/58 | €615,201 | €674,968 | +€59,767 | +9.7% |
| Stocks and contracts in progress | 3 | €59,086 | €69,122 | +€10,036 | +17.0% |
| Stocks | 30/36 | €59,086 | €69,122 | +€10,036 | +17.0% |
| Amounts receivable within one year | 40/41 | €183,983 | €193,412 | +€9,429 | +5.1% |
| Trade receivables | 40 | €162,201 | €144,529 | -€17,672 | -10.9% |
| Other amounts receivable | 41 | €21,781 | €48,883 | +€27,101 | +124.4% |
| Current investments | 50/53 | €75,000 | €89,000 | +€14,000 | +18.7% |
| Cash at bank and in hand | 54/58 | €295,931 | €323,089 | +€27,158 | +9.2% |
| Deferred charges and accrued income | 490/1 | €1,202 | €346 | -€856 | -71.2% |
| Total equity and liabilities | 10/49 | €876,093 | €959,987 | +€83,894 | +9.6% |
| Equity | 10/15 | €583,357 | €618,302 | +€34,945 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €564,757 | €599,702 | +€34,945 | +6.2% |
| Distributable reserves | 133 | €564,757 | €599,702 | +€34,945 | +6.2% |
| Provisions and deferred taxes | 16 | €25,663 | €25,663 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,663 | €25,663 | = | 0.0% |
| Pensions and similar obligations | 160 | €25,663 | €25,663 | = | 0.0% |
| Amounts payable | 17/49 | €267,072 | €316,021 | +€48,949 | +18.3% |
| Amounts payable after more than one year | 17 | €45,219 | €51,023 | +€5,804 | +12.8% |
| Financial debts | 170/4 | €45,219 | €51,023 | +€5,804 | +12.8% |
| Amounts payable within one year | 42/48 | €221,853 | €264,998 | +€43,145 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €30,459 | €56,364 | +€25,905 | +85.0% |
| Trade debts | 44 | €55,441 | €34,122 | -€21,319 | -38.5% |
| Suppliers | 440/4 | €55,441 | €34,122 | -€21,319 | -38.5% |
| Taxes, remuneration and social security | 45 | €58,942 | €41,212 | -€17,730 | -30.1% |
| Taxes | 450/3 | €43,467 | €24,504 | -€18,963 | -43.6% |
| Remuneration and social security | 454/9 | €15,475 | €16,708 | +€1,233 | +8.0% |
| Other amounts payable | 47/48 | €77,012 | €133,301 | +€56,289 | +73.1% |
| Non-recurring operating income | 76A | - | €6,618 | +€6,618 | |
| Remuneration, social security and pensions | 62 | €114,561 | €149,147 | +€34,587 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,615 | €55,019 | +€9,404 | +20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,154 | +€1,154 | |
| Other operating charges | 640/8 | €2,150 | €2,013 | -€137 | -6.4% |
| Gross operating margin | 9900 | €371,276 | €333,811 | -€37,465 | -10.1% |
| Operating profit (loss) | 9901 | €208,951 | €126,478 | -€82,473 | -39.5% |
| Financial income | 75/76B | €4,725 | €6,962 | +€2,237 | +47.4% |
| Recurring financial income | 75 | €4,725 | €6,962 | +€2,237 | +47.4% |
| Financial charges | 65/66B | €9,996 | €10,773 | +€777 | +7.8% |
| Recurring financial charges | 65 | €9,996 | €10,773 | +€777 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €203,679 | €122,667 | -€81,013 | -39.8% |
| Income taxes | 67/77 | €63,305 | €35,686 | -€27,618 | -43.6% |
| Profit (loss) for the period | 9904 | €140,375 | €86,981 | -€53,394 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €140,375 | €86,981 | -€53,394 | -38.0% |
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.