NITOR Consultancy: 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.
NITOR Consultancy
Largest movements
- Current investments -€260,809
no longer reported in 2025 (was €260,809)
- Cash +€238,343
up €238,343 (+200%), from €119,400 to €357,743
mainly Current investments (+€260,809) and Depreciation (+€20,604)
- Receivables within one year +€31,178
up €31,178 (+113%), from €27,491 to €58,669
of which Trade receivables: +€16,532
- Tangible fixed assets -€20,604
down €20,604 (-29.5%), from €69,792 to €49,188
of which Furniture and vehicles: -€20,008
- Reserves -€7,113
down €7,113 (-1.6%), from €443,317 to €436,204
- Financial charges +€54,229
up €54,229 (+24,257%), from €224 to €54,452
- Taxes -€11,306
down €11,306 (-97.7%), from €11,570 to €264
- Gross operating margin +€9,192
up €9,192 (+17.5%), from €52,383 to €61,575
- Financial income -€1,905
down €1,905 (-20.8%), from €9,157 to €7,252
- Depreciation +€1,324
up €1,324 (+6.9%), from €19,281 to €20,604
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 | €477,492 | €465,720 | -€11,772 | -2.5% |
| Fixed assets | 21/28 | €69,792 | €49,188 | -€20,604 | -29.5% |
| Tangible fixed assets | 22/27 | €69,792 | €49,188 | -€20,604 | -29.5% |
| Plant, machinery and equipment | 23 | €1,504 | €1,128 | -€376 | -25.0% |
| Furniture and vehicles | 24 | €66,504 | €46,496 | -€20,008 | -30.1% |
| Other tangible fixed assets | 26 | €1,784 | €1,564 | -€220 | -12.3% |
| Current assets | 29/58 | €407,700 | €416,533 | +€8,832 | +2.2% |
| Amounts receivable within one year | 40/41 | €27,491 | €58,669 | +€31,178 | +113% |
| Trade receivables | 40 | €26,957 | €43,489 | +€16,532 | +61.3% |
| Other amounts receivable | 41 | €534 | €15,180 | +€14,646 | +2,744% |
| Current investments | 50/53 | €260,809 | - | -€260,809 | |
| Cash at bank and in hand | 54/58 | €119,400 | €357,743 | +€238,343 | +200% |
| Deferred charges and accrued income | 490/1 | - | €120 | +€120 | |
| Total equity and liabilities | 10/49 | €477,492 | €465,720 | -€11,772 | -2.5% |
| Equity | 10/15 | €455,717 | €448,604 | -€7,113 | -1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €443,317 | €436,204 | -€7,113 | -1.6% |
| Distributable reserves | 133 | €443,317 | €436,204 | -€7,113 | -1.6% |
| Amounts payable | 17/49 | €21,775 | €17,116 | -€4,659 | -21.4% |
| Amounts payable within one year | 42/48 | €21,512 | €16,846 | -€4,666 | -21.7% |
| Trade debts | 44 | €1,717 | €1,629 | -€88 | -5.1% |
| Suppliers | 440/4 | €1,717 | €1,629 | -€88 | -5.1% |
| Taxes, remuneration and social security | 45 | €13,852 | €9,343 | -€4,509 | -32.6% |
| Taxes | 450/3 | €13,852 | €9,343 | -€4,509 | -32.6% |
| Other amounts payable | 47/48 | €5,943 | €5,874 | -€68 | -1.2% |
| Accrued charges and deferred income | 492/3 | €264 | €270 | +€6 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,281 | €20,604 | +€1,324 | +6.9% |
| Other operating charges | 640/8 | €1,116 | €619 | -€497 | -44.5% |
| Gross operating margin | 9900 | €52,383 | €61,575 | +€9,192 | +17.5% |
| Operating profit (loss) | 9901 | €31,986 | €40,351 | +€8,365 | +26.2% |
| Financial income | 75/76B | €9,157 | €7,252 | -€1,905 | -20.8% |
| Recurring financial income | 75 | €9,157 | €7,252 | -€1,905 | -20.8% |
| Financial charges | 65/66B | €224 | €54,452 | +€54,229 | +24,257% |
| Recurring financial charges | 65 | €224 | €54,452 | +€54,229 | +24,257% |
| Profit (loss) for the period before taxes | 9903 | €40,919 | -€6,849 | -€47,768 | |
| Income taxes | 67/77 | €11,570 | €264 | -€11,306 | -97.7% |
| Profit (loss) for the period | 9904 | €29,349 | -€7,113 | -€36,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,349 | -€7,113 | -€36,462 |
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 24 October 2026 via checked.be.