NITO: 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.
NITO
Largest movements
- Cash +€246,257
up €246,257 (+86.4%), from €284,879 to €531,136
mainly Receivables within one year (+€172,881) and Net result for the year (+€94,489)
- Receivables within one year -€172,881
down €172,881 (-25.0%), from €691,622 to €518,741
of which Other amounts receivable: -€172,881
- Tangible fixed assets -€41,200
down €41,200 (-5.5%), from €750,872 to €709,672
of which Land and buildings: -€22,600
- Reserves +€32,086
up €32,086 (+6.7%), from €477,936 to €510,022
- Gross operating margin -€13,289
down €13,289 (-7.7%), from €172,514 to €159,225
- Financial charges -€4,461
down €4,461 (-91.7%), from €4,864 to €403
- Depreciation -€4,022
down €4,022 (-8.9%), from €45,223 to €41,200
- Financial income +€2,378
up €2,378 (+13.9%), from €17,092 to €19,470
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 | €2,200,359 | €2,232,465 | +€32,106 | +1.5% |
| Fixed assets | 21/28 | €750,872 | €709,672 | -€41,200 | -5.5% |
| Tangible fixed assets | 22/27 | €750,872 | €709,672 | -€41,200 | -5.5% |
| Land and buildings | 22 | €730,800 | €708,200 | -€22,600 | -3.1% |
| Furniture and vehicles | 24 | €20,073 | €1,472 | -€18,600 | -92.7% |
| Current assets | 29/58 | €1,449,487 | €1,522,793 | +€73,306 | +5.1% |
| Amounts receivable after more than one year | 29 | €470,959 | €470,959 | = | 0.0% |
| Other amounts receivable | 291 | €470,959 | €470,959 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €691,622 | €518,741 | -€172,881 | -25.0% |
| Trade receivables | 40 | €16,571 | €16,571 | = | 0.0% |
| Other amounts receivable | 41 | €675,051 | €502,170 | -€172,881 | -25.6% |
| Cash at bank and in hand | 54/58 | €284,879 | €531,136 | +€246,257 | +86.4% |
| Deferred charges and accrued income | 490/1 | €2,028 | €1,958 | -€70 | -3.4% |
| Total equity and liabilities | 10/49 | €2,200,359 | €2,232,465 | +€32,106 | +1.5% |
| Equity | 10/15 | €2,125,334 | €2,157,421 | +€32,086 | +1.5% |
| Contributions | 10/11 | €1,568,600 | €1,568,600 | = | 0.0% |
| Reserves | 13 | €477,936 | €510,022 | +€32,086 | +6.7% |
| Distributable reserves | 133 | €477,936 | €510,022 | +€32,086 | +6.7% |
| Profit (loss) carried forward | 14 | €78,799 | €78,799 | = | 0.0% |
| Amounts payable | 17/49 | €75,025 | €75,044 | +€19 | 0.0% |
| Amounts payable within one year | 42/48 | €74,559 | €74,746 | +€187 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €217 | €0 | -€217 | -100.0% |
| Suppliers | 440/4 | €217 | €0 | -€217 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,497 | €7,668 | -€2,829 | -26.9% |
| Taxes | 450/3 | €10,497 | €7,668 | -€2,829 | -26.9% |
| Other amounts payable | 47/48 | €63,845 | €67,078 | +€3,233 | +5.1% |
| Accrued charges and deferred income | 492/3 | €466 | €298 | -€168 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,223 | €41,200 | -€4,022 | -8.9% |
| Other operating charges | 640/8 | €2,198 | €1,272 | -€926 | -42.1% |
| Gross operating margin | 9900 | €172,514 | €159,225 | -€13,289 | -7.7% |
| Operating profit (loss) | 9901 | €125,093 | €116,753 | -€8,341 | -6.7% |
| Financial income | 75/76B | €17,092 | €19,470 | +€2,378 | +13.9% |
| Recurring financial income | 75 | €17,092 | €19,470 | +€2,378 | +13.9% |
| Financial charges | 65/66B | €4,864 | €403 | -€4,461 | -91.7% |
| Recurring financial charges | 65 | €4,864 | €403 | -€4,461 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €137,321 | €135,820 | -€1,501 | -1.1% |
| Income taxes | 67/77 | €42,086 | €41,330 | -€756 | -1.8% |
| Profit (loss) for the period | 9904 | €95,235 | €94,489 | -€746 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €95,235 | €94,489 | -€746 | -0.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.