NiThi MANAGEMENT: 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.
NiThi MANAGEMENT
Largest movements
- Tangible fixed assets +€254,071
up €254,071 (+126.0%), from €201,617 to €455,687
of which Land and buildings: +€264,946
- Reserves +€185,000
up €185,000 (+41.1%), from €450,000 to €635,000
- Other debts +€97,500
up €97,500 (+102.8%), from €94,847 to €192,347
- Debts after one year -€49,711
down €49,711 (-3.7%), from €1.3m to €1.3m
of which Other amounts payable: -€154,951
- Gross operating margin -€46,448
down €46,448 (-11.7%), from €397,607 to €351,159
- Taxes -€24,100
down €24,100 (-28.5%), from €84,706 to €60,606
- Depreciation +€19,574
up €19,574 (+43.2%), from €45,316 to €64,889
- Financial charges +€6,102
up €6,102 (+16.4%), from €37,098 to €43,201
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 | €2,040,826 | €2,291,673 | +€250,846 | +12.3% |
| Fixed assets | 21/28 | €1,866,617 | €2,120,687 | +€254,071 | +13.6% |
| Tangible fixed assets | 22/27 | €201,617 | €455,687 | +€254,071 | +126.0% |
| Land and buildings | 22 | €187,017 | €451,963 | +€264,946 | +141.7% |
| Furniture and vehicles | 24 | €14,599 | €3,724 | -€10,875 | -74.5% |
| Financial fixed assets | 28 | €1,665,000 | €1,665,000 | = | 0.0% |
| Current assets | 29/58 | €174,210 | €170,985 | -€3,224 | -1.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,488 | €3,555 | +€1,067 | +42.9% |
| Trade receivables | 40 | €2,488 | €584 | -€1,904 | -76.5% |
| Other amounts receivable | 41 | €0 | €2,971 | +€2,971 | |
| Current investments | 50/53 | €131,333 | €142,667 | +€11,333 | +8.6% |
| Cash at bank and in hand | 54/58 | €40,388 | €24,757 | -€15,632 | -38.7% |
| Deferred charges and accrued income | 490/1 | - | €7 | +€7 | |
| Total equity and liabilities | 10/49 | €2,040,826 | €2,291,673 | +€250,846 | +12.3% |
| Equity | 10/15 | €462,853 | €646,457 | +€183,605 | +39.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €450,000 | €635,000 | +€185,000 | +41.1% |
| Distributable reserves | 133 | €450,000 | €635,000 | +€185,000 | +41.1% |
| Profit (loss) carried forward | 14 | €7,853 | €6,457 | -€1,395 | -17.8% |
| Amounts payable | 17/49 | €1,577,974 | €1,645,216 | +€67,242 | +4.3% |
| Amounts payable after more than one year | 17 | €1,333,109 | €1,283,397 | -€49,711 | -3.7% |
| Financial debts | 170/4 | €818,520 | €923,760 | +€105,240 | +12.9% |
| Other amounts payable | 178/9 | €514,589 | €359,638 | -€154,951 | -30.1% |
| Amounts payable within one year | 42/48 | €244,865 | €361,816 | +€116,951 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €137,271 | €155,526 | +€18,255 | +13.3% |
| Trade debts | 44 | €757 | €866 | +€109 | +14.5% |
| Suppliers | 440/4 | €757 | €866 | +€109 | +14.5% |
| Taxes, remuneration and social security | 45 | €11,991 | €13,077 | +€1,086 | +9.1% |
| Taxes | 450/3 | €11,991 | €13,077 | +€1,086 | +9.1% |
| Other amounts payable | 47/48 | €94,847 | €192,347 | +€97,500 | +102.8% |
| Accrued charges and deferred income | 492/3 | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,316 | €64,889 | +€19,574 | +43.2% |
| Other operating charges | 640/8 | €594 | €1,647 | +€1,054 | +177.4% |
| Gross operating margin | 9900 | €397,607 | €351,159 | -€46,448 | -11.7% |
| Operating profit (loss) | 9901 | €351,697 | €284,622 | -€67,075 | -19.1% |
| Financial income | 75/76B | €6,708 | €3,589 | -€3,119 | -46.5% |
| Recurring financial income | 75 | €6,708 | €3,589 | -€3,119 | -46.5% |
| Financial charges | 65/66B | €37,098 | €43,201 | +€6,102 | +16.4% |
| Recurring financial charges | 65 | €37,098 | €43,201 | +€6,102 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €321,307 | €245,010 | -€76,297 | -23.7% |
| Income taxes | 67/77 | €84,706 | €60,606 | -€24,100 | -28.5% |
| Profit (loss) for the period | 9904 | €236,601 | €184,405 | -€52,197 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €236,601 | €184,405 | -€52,197 | -22.1% |
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 12 October 2026 via checked.be.