NITEO: 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.
NITEO
Largest movements
- Cash +€24,707
up €24,707 (+1086.3%), from €2,274 to €26,981
mainly Net result for the year (+€95,222) and Depreciation (+€18,212)
- Receivables within one year +€22,836
up €22,836 (+153.3%), from €14,892 to €37,729
of which Trade receivables: +€27,491
- Tangible fixed assets +€17,731
up €17,731 (+12.4%), from €142,673 to €160,405
of which Plant, machinery and equipment: +€20,571
- Reserves +€95,222
up €95,222 (+72.6%), from €131,102 to €226,324
- Debts after one year -€20,610
down €20,610 (-17.2%), from €119,910 to €99,300
- Tax, wage and social debts -€9,029
down €9,029 (-23.9%), from €37,714 to €28,685
- Other operating charges -€11,444
down €11,444 (-97.6%), from €11,722 to €278
- Gross operating margin +€6,334
up €6,334 (+4.9%), from €129,788 to €136,122
- Financial income +€4,094
up €4,094 (+82.8%), from €4,948 to €9,042
- Depreciation +€3,961
up €3,961 (+27.8%), from €14,251 to €18,212
- Taxes +€3,664
up €3,664 (+16.8%), from €21,752 to €25,415
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 | €312,347 | €380,423 | +€68,076 | +21.8% |
| Fixed assets | 21/28 | €142,673 | €160,405 | +€17,731 | +12.4% |
| Tangible fixed assets | 22/27 | €142,673 | €160,405 | +€17,731 | +12.4% |
| Land and buildings | 22 | €98,274 | €101,751 | +€3,477 | +3.5% |
| Plant, machinery and equipment | 23 | - | €20,571 | +€20,571 | |
| Furniture and vehicles | 24 | €41,682 | €29,472 | -€12,210 | -29.3% |
| Other tangible fixed assets | 26 | €2,718 | €8,612 | +€5,894 | +216.9% |
| Current assets | 29/58 | €169,673 | €220,018 | +€50,345 | +29.7% |
| Amounts receivable after more than one year | 29 | €152,000 | €154,749 | +€2,749 | +1.8% |
| Other amounts receivable | 291 | €152,000 | €154,749 | +€2,749 | +1.8% |
| Amounts receivable within one year | 40/41 | €14,892 | €37,729 | +€22,836 | +153.3% |
| Trade receivables | 40 | €9,890 | €37,381 | +€27,491 | +278.0% |
| Other amounts receivable | 41 | €5,003 | €348 | -€4,655 | -93.0% |
| Cash at bank and in hand | 54/58 | €2,274 | €26,981 | +€24,707 | +1086.3% |
| Deferred charges and accrued income | 490/1 | €507 | €560 | +€53 | +10.4% |
| Total equity and liabilities | 10/49 | €312,347 | €380,423 | +€68,076 | +21.8% |
| Equity | 10/15 | €132,102 | €227,324 | +€95,222 | +72.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €131,102 | €226,324 | +€95,222 | +72.6% |
| Distributable reserves | 133 | €131,102 | €226,324 | +€95,222 | +72.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €180,244 | €153,099 | -€27,146 | -15.1% |
| Amounts payable after more than one year | 17 | €119,910 | €99,300 | -€20,610 | -17.2% |
| Financial debts | 170/4 | €119,910 | €99,300 | -€20,610 | -17.2% |
| Amounts payable within one year | 42/48 | €60,334 | €53,799 | -€6,536 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €19,659 | €20,610 | +€951 | +4.8% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €1,959 | €4,487 | +€2,528 | +129.0% |
| Suppliers | 440/4 | €1,959 | €4,487 | +€2,528 | +129.0% |
| Taxes, remuneration and social security | 45 | €37,714 | €28,685 | -€9,029 | -23.9% |
| Taxes | 450/3 | €37,714 | €28,685 | -€9,029 | -23.9% |
| Other amounts payable | 47/48 | €1,002 | €0 | -€1,002 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,251 | €18,212 | +€3,961 | +27.8% |
| Other operating charges | 640/8 | €11,722 | €278 | -€11,444 | -97.6% |
| Gross operating margin | 9900 | €129,788 | €136,122 | +€6,334 | +4.9% |
| Operating profit (loss) | 9901 | €103,814 | €117,631 | +€13,817 | +13.3% |
| Financial income | 75/76B | €4,948 | €9,042 | +€4,094 | +82.8% |
| Recurring financial income | 75 | €4,948 | €9,042 | +€4,094 | +82.8% |
| Financial charges | 65/66B | €4,958 | €6,036 | +€1,079 | +21.8% |
| Recurring financial charges | 65 | €4,958 | €6,036 | +€1,079 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €103,804 | €120,637 | +€16,833 | +16.2% |
| Income taxes | 67/77 | €21,752 | €25,415 | +€3,664 | +16.8% |
| Profit (loss) for the period | 9904 | €82,052 | €95,222 | +€13,169 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,052 | €95,222 | +€13,169 | +16.0% |
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 8 October 2026 via checked.be.