NITICO: 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.
NITICO
Largest movements
- Deferred charges and accrued income +€88,712
up €88,712 (+121.4%), from €73,060 to €161,772
- Receivables within one year +€86,774
up €86,774 (+23.9%), from €363,806 to €450,579
of which Other amounts receivable: +€83,424
- Tangible fixed assets -€76,138
down €76,138 (-3.8%), from €2.0m to €1.9m
of which Land and buildings: -€48,382
- Profit (loss) carried forward +€208,042
up €208,042 (+27.1%), from €768,052 to €976,095
- Debts after one year -€129,938
down €129,938 (-17.1%), from €758,457 to €628,519
- Tax, wage and social debts +€60,556
up €60,556 (+173.2%), from €34,972 to €95,528
of which Taxes: +€60,556
- Trade debts -€59,243
down €59,243 (-76.9%), from €77,025 to €17,782
- Gross operating margin +€99,054
up €99,054 (+26.9%), from €367,579 to €466,633
- Taxes +€24,685
up €24,685 (+55.3%), from €44,671 to €69,356
- Financial charges +€7,813
up €7,813 (+24.6%), from €31,717 to €39,530
- Depreciation +€6,844
up €6,844 (+5.0%), from €135,652 to €142,497
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 | €2,468,567 | €2,555,031 | +€86,464 | +3.5% |
| Fixed assets | 21/28 | €2,013,374 | €1,937,237 | -€76,138 | -3.8% |
| Tangible fixed assets | 22/27 | €2,013,374 | €1,937,237 | -€76,138 | -3.8% |
| Land and buildings | 22 | €1,904,146 | €1,855,764 | -€48,382 | -2.5% |
| Plant, machinery and equipment | 23 | €8,433 | €5,134 | -€3,299 | -39.1% |
| Furniture and vehicles | 24 | €100,795 | €76,339 | -€24,456 | -24.3% |
| Current assets | 29/58 | €455,192 | €617,794 | +€162,602 | +35.7% |
| Amounts receivable within one year | 40/41 | €363,806 | €450,579 | +€86,774 | +23.9% |
| Trade receivables | 40 | €357,126 | €360,475 | +€3,350 | +0.9% |
| Other amounts receivable | 41 | €6,680 | €90,104 | +€83,424 | +1248.9% |
| Cash at bank and in hand | 54/58 | €18,326 | €5,443 | -€12,884 | -70.3% |
| Deferred charges and accrued income | 490/1 | €73,060 | €161,772 | +€88,712 | +121.4% |
| Total equity and liabilities | 10/49 | €2,468,567 | €2,555,031 | +€86,464 | +3.5% |
| Equity | 10/15 | €1,158,283 | €1,366,325 | +€208,042 | +18.0% |
| Contributions | 10/11 | €288,600 | €288,600 | = | 0.0% |
| Reserves | 13 | €101,630 | €101,630 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,860 | €28,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,860 | €28,860 | = | 0.0% |
| Distributable reserves | 133 | €72,770 | €72,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | €768,052 | €976,095 | +€208,042 | +27.1% |
| Amounts payable | 17/49 | €1,310,284 | €1,188,706 | -€121,578 | -9.3% |
| Amounts payable after more than one year | 17 | €758,457 | €628,519 | -€129,938 | -17.1% |
| Financial debts | 170/4 | €758,457 | €628,519 | -€129,938 | -17.1% |
| Amounts payable within one year | 42/48 | €551,660 | €558,847 | +€7,186 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €197,879 | €190,796 | -€7,083 | -3.6% |
| Financial debts | 43 | - | €5,007 | +€5,007 | |
| Credit institutions | 430/8 | - | €5,007 | +€5,007 | |
| Trade debts | 44 | €77,025 | €17,782 | -€59,243 | -76.9% |
| Suppliers | 440/4 | €77,025 | €17,782 | -€59,243 | -76.9% |
| Taxes, remuneration and social security | 45 | €34,972 | €95,528 | +€60,556 | +173.2% |
| Taxes | 450/3 | €31,972 | €92,528 | +€60,556 | +189.4% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €241,785 | €249,734 | +€7,949 | +3.3% |
| Accrued charges and deferred income | 492/3 | €167 | €1,340 | +€1,173 | +701.6% |
| Non-recurring operating income | 76A | €16,501 | - | -€16,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,652 | €142,497 | +€6,844 | +5.0% |
| Other operating charges | 640/8 | €8,496 | €5,541 | -€2,955 | -34.8% |
| Gross operating margin | 9900 | €367,579 | €466,633 | +€99,054 | +26.9% |
| Operating profit (loss) | 9901 | €223,430 | €318,594 | +€95,164 | +42.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €31,717 | €39,530 | +€7,813 | +24.6% |
| Recurring financial charges | 65 | €31,717 | €39,530 | +€7,813 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €191,713 | €279,065 | +€87,351 | +45.6% |
| Income taxes | 67/77 | €44,671 | €69,356 | +€24,685 | +55.3% |
| Profit (loss) for the period | 9904 | €147,042 | €209,708 | +€62,666 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €147,042 | €209,708 | +€62,666 | +42.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.