NITO: 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.
NITO
Largest movements
- Receivables within one year -€7,874
down €7,874 (-10.9%), from €72,479 to €64,606
of which Trade receivables: -€21,726
- Stocks and contracts -€2,389
down €2,389 (-11.9%), from €20,027 to €17,638
- Cash -€1,438
down €1,438 (-11.4%), from €12,628 to €11,190
mainly Contributions, distributions and other (-€23,429) and Investment in fixed assets (net) (-€2,565)
- Reserves -€24,583
down €24,583 (-37.4%), from €65,797 to €41,213
- Accrued charges and deferred income +€11,883
new in 2025: €11,883
- Profit (loss) carried forward +€2,123
up €2,123 (+52.3%), from -€4,058 to -€1,935
- Trade debts -€1,268
down €1,268 (-3.7%), from €34,642 to €33,374
- Gross operating margin -€29,929
down €29,929 (-20.9%), from €143,079 to €113,150
- Staff costs -€6,101
down €6,101 (-5.5%), from €111,456 to €105,355
- Depreciation -€4,605
down €4,605 (-63.4%), from €7,269 to €2,664
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 | €111,973 | €100,718 | -€11,255 | -10.1% |
| Fixed assets | 21/28 | €4,339 | €4,240 | -€99 | -2.3% |
| Tangible fixed assets | 22/27 | €4,339 | €4,240 | -€99 | -2.3% |
| Furniture and vehicles | 24 | €4,339 | €4,240 | -€99 | -2.3% |
| Current assets | 29/58 | €107,634 | €96,478 | -€11,156 | -10.4% |
| Stocks and contracts in progress | 3 | €20,027 | €17,638 | -€2,389 | -11.9% |
| Stocks | 30/36 | €20,027 | €17,638 | -€2,389 | -11.9% |
| Amounts receivable within one year | 40/41 | €72,479 | €64,606 | -€7,874 | -10.9% |
| Trade receivables | 40 | €63,999 | €42,273 | -€21,726 | -33.9% |
| Other amounts receivable | 41 | €8,480 | €22,333 | +€13,853 | +163.4% |
| Cash at bank and in hand | 54/58 | €12,628 | €11,190 | -€1,438 | -11.4% |
| Deferred charges and accrued income | 490/1 | €2,499 | €3,044 | +€544 | +21.8% |
| Total equity and liabilities | 10/49 | €111,973 | €100,718 | -€11,255 | -10.1% |
| Equity | 10/15 | €67,939 | €45,479 | -€22,460 | -33.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,797 | €41,213 | -€24,583 | -37.4% |
| Distributable reserves | 133 | €65,797 | €41,213 | -€24,583 | -37.4% |
| Profit (loss) carried forward | 14 | -€4,058 | -€1,935 | +€2,123 | +52.3% |
| Amounts payable | 17/49 | €44,034 | €55,239 | +€11,205 | +25.4% |
| Amounts payable within one year | 42/48 | €44,034 | €43,356 | -€678 | -1.5% |
| Trade debts | 44 | €34,642 | €33,374 | -€1,268 | -3.7% |
| Suppliers | 440/4 | €34,642 | €33,374 | -€1,268 | -3.7% |
| Taxes, remuneration and social security | 45 | €7,946 | €8,569 | +€624 | +7.9% |
| Taxes | 450/3 | €72 | €1,215 | +€1,143 | +1578.1% |
| Remuneration and social security | 454/9 | €7,873 | €7,354 | -€519 | -6.6% |
| Other amounts payable | 47/48 | €1,446 | €1,412 | -€34 | -2.4% |
| Accrued charges and deferred income | 492/3 | - | €11,883 | +€11,883 | |
| Non-recurring operating income | 76A | €11,777 | €737 | -€11,039 | -93.7% |
| Remuneration, social security and pensions | 62 | €111,456 | €105,355 | -€6,101 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,269 | €2,664 | -€4,605 | -63.4% |
| Other operating charges | 640/8 | €2,206 | €1,408 | -€798 | -36.2% |
| Non-recurring operating charges | 66A | - | €1,423 | +€1,423 | |
| Gross operating margin | 9900 | €143,079 | €113,150 | -€29,929 | -20.9% |
| Operating profit (loss) | 9901 | €22,147 | €2,299 | -€19,848 | -89.6% |
| Financial income | 75/76B | €185 | €151 | -€34 | -18.4% |
| Recurring financial income | 75 | €185 | €151 | -€34 | -18.4% |
| Financial charges | 65/66B | €348 | €338 | -€10 | -2.9% |
| Recurring financial charges | 65 | €348 | €338 | -€10 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €21,984 | €2,112 | -€19,872 | -90.4% |
| Income taxes | 67/77 | €1,072 | €1,143 | +€70 | +6.6% |
| Profit (loss) for the period | 9904 | €20,911 | €969 | -€19,942 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,911 | €969 | -€19,942 | -95.4% |
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.