NITISEN: 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.
NITISEN
Largest movements
- Cash +€78,547
up €78,547 (+93.9%), from €83,660 to €162,207
mainly Net result for the year (+€83,426) and Tax, wage and social debts (+€9,097)
- Receivables within one year +€17,263
up €17,263 (+85.7%), from €20,134 to €37,397
- Tangible fixed assets +€2,880
up €2,880 (+52.0%), from €5,543 to €8,423
of which Furniture and vehicles: +€2,644
- Reserves +€83,426
up €83,426 (+131%), from €63,744 to €147,170
- Tax, wage and social debts +€9,097
up €9,097 (+32.1%), from €28,340 to €37,437
of which Taxes: +€5,351
- Trade debts +€7,175
up €7,175 (+53.7%), from €13,353 to €20,528
- Gross operating margin +€26,878
up €26,878 (+32.2%), from €83,539 to €110,417
- Taxes +€6,030
up €6,030 (+36.5%), from €16,500 to €22,530
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.
Derived cash bridge
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 | €110,437 | €210,135 | +€99,698 | +90.3% |
| Fixed assets | 21/28 | €5,543 | €8,423 | +€2,880 | +52.0% |
| Tangible fixed assets | 22/27 | €5,543 | €8,423 | +€2,880 | +52.0% |
| Plant, machinery and equipment | 23 | €2,790 | €3,026 | +€236 | +8.5% |
| Furniture and vehicles | 24 | €2,753 | €5,397 | +€2,644 | +96.0% |
| Current assets | 29/58 | €104,894 | €201,712 | +€96,818 | +92.3% |
| Amounts receivable within one year | 40/41 | €20,134 | €37,397 | +€17,263 | +85.7% |
| Trade receivables | 40 | €20,134 | €37,397 | +€17,263 | +85.7% |
| Cash at bank and in hand | 54/58 | €83,660 | €162,207 | +€78,547 | +93.9% |
| Deferred charges and accrued income | 490/1 | €1,100 | €2,108 | +€1,008 | +91.6% |
| Total equity and liabilities | 10/49 | €110,437 | €210,135 | +€99,698 | +90.3% |
| Equity | 10/15 | €68,744 | €152,170 | +€83,426 | +121% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,744 | €147,170 | +€83,426 | +131% |
| Distributable reserves | 133 | €63,744 | €147,170 | +€83,426 | +131% |
| Amounts payable | 17/49 | €41,693 | €57,965 | +€16,272 | +39.0% |
| Amounts payable within one year | 42/48 | €41,693 | €57,965 | +€16,272 | +39.0% |
| Trade debts | 44 | €13,353 | €20,528 | +€7,175 | +53.7% |
| Suppliers | 440/4 | €13,353 | €20,528 | +€7,175 | +53.7% |
| Taxes, remuneration and social security | 45 | €28,340 | €37,437 | +€9,097 | +32.1% |
| Taxes | 450/3 | €28,303 | €33,654 | +€5,351 | +18.9% |
| Remuneration and social security | 454/9 | €37 | €3,783 | +€3,746 | +10,124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €702 | €1,722 | +€1,020 | +145% |
| Other operating charges | 640/8 | €2,210 | €1,592 | -€618 | -28.0% |
| Non-recurring operating charges | 66A | - | €697 | +€697 | |
| Gross operating margin | 9900 | €83,539 | €110,417 | +€26,878 | +32.2% |
| Operating profit (loss) | 9901 | €80,627 | €106,406 | +€25,779 | +32.0% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €383 | €459 | +€76 | +19.8% |
| Recurring financial charges | 65 | €383 | €459 | +€76 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €80,244 | €105,956 | +€25,712 | +32.0% |
| Income taxes | 67/77 | €16,500 | €22,530 | +€6,030 | +36.5% |
| Profit (loss) for the period | 9904 | €63,744 | €83,426 | +€19,682 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,744 | €83,426 | +€19,682 | +30.9% |
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 14 October 2026 via checked.be.