NITIMED: 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.
NITIMED
Largest movements
- Cash +€24,453
up €24,453 (+3.4%), from €714,070 to €738,523
mainly Net result for the year (+€51,836) and Receivables within one year (+€23,710)
- Receivables within one year -€23,710
down €23,710 (-74.8%), from €31,702 to €7,991
of which Other amounts receivable: -€23,368
- Deferred charges and accrued income -€17,516
down €17,516 (-77.4%), from €22,626 to €5,111
- Tax, wage and social debts -€15,600
down €15,600 (-75.1%), from €20,780 to €5,180
- Reserves +€13,400
up €13,400 (+1.8%), from €738,565 to €751,965
of which Distributable reserves: +€13,400
- Gross operating margin -€119,907
down €119,907 (-62.4%), from €192,276 to €72,369
- Taxes -€50,930
down €50,930 (-76.2%), from €66,881 to €15,951
- Financial income -€20,286
down €20,286 (-99.5%), from €20,380 to €94
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 | €774,073 | €765,011 | -€9,062 | -1.2% |
| Fixed assets | 21/28 | €5,675 | €13,386 | +€7,711 | +135.9% |
| Tangible fixed assets | 22/27 | €5,504 | €13,215 | +€7,711 | +140.1% |
| Plant, machinery and equipment | 23 | €5,055 | €3,991 | -€1,064 | -21.0% |
| Furniture and vehicles | 24 | €449 | €9,224 | +€8,775 | +1954.8% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €768,398 | €751,625 | -€16,773 | -2.2% |
| Amounts receivable within one year | 40/41 | €31,702 | €7,991 | -€23,710 | -74.8% |
| Trade receivables | 40 | €342 | - | -€342 | |
| Other amounts receivable | 41 | €31,360 | €7,991 | -€23,368 | -74.5% |
| Cash at bank and in hand | 54/58 | €714,070 | €738,523 | +€24,453 | +3.4% |
| Deferred charges and accrued income | 490/1 | €22,626 | €5,111 | -€17,516 | -77.4% |
| Total equity and liabilities | 10/49 | €774,073 | €765,011 | -€9,062 | -1.2% |
| Equity | 10/15 | €744,963 | €758,398 | +€13,436 | +1.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €738,565 | €751,965 | +€13,400 | +1.8% |
| Tax-exempt reserves | 132 | €4,465 | €4,465 | = | 0.0% |
| Distributable reserves | 133 | €734,100 | €747,500 | +€13,400 | +1.8% |
| Profit (loss) carried forward | 14 | €200 | €235 | +€36 | +17.8% |
| Amounts payable | 17/49 | €29,110 | €6,613 | -€22,497 | -77.3% |
| Amounts payable within one year | 42/48 | €28,963 | €6,613 | -€22,350 | -77.2% |
| Trade debts | 44 | €1,898 | €1,433 | -€465 | -24.5% |
| Suppliers | 440/4 | €1,898 | €1,433 | -€465 | -24.5% |
| Taxes, remuneration and social security | 45 | €20,780 | €5,180 | -€15,600 | -75.1% |
| Taxes | 450/3 | €20,780 | €5,180 | -€15,600 | -75.1% |
| Other amounts payable | 47/48 | €6,285 | - | -€6,285 | |
| Accrued charges and deferred income | 492/3 | €147 | - | -€147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,339 | €3,536 | +€1,198 | +51.2% |
| Other operating charges | 640/8 | €1,168 | €686 | -€482 | -41.3% |
| Gross operating margin | 9900 | €192,276 | €72,369 | -€119,907 | -62.4% |
| Operating profit (loss) | 9901 | €188,770 | €68,147 | -€120,623 | -63.9% |
| Financial income | 75/76B | €20,380 | €94 | -€20,286 | -99.5% |
| Recurring financial income | 75 | €20,380 | €94 | -€20,286 | -99.5% |
| Financial charges | 65/66B | €768 | €455 | -€313 | -40.8% |
| Recurring financial charges | 65 | €768 | €455 | -€313 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €208,382 | €67,787 | -€140,595 | -67.5% |
| Income taxes | 67/77 | €66,881 | €15,951 | -€50,930 | -76.2% |
| Profit (loss) for the period | 9904 | €141,501 | €51,836 | -€89,665 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €141,501 | €51,836 | -€89,665 | -63.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.