NITRA: 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.
NITRA
Largest movements
- Tangible fixed assets +€891,891
up €891,891 (+22.5%), from €4.0m to €4.9m
of which Furniture and vehicles: +€976,496
- Receivables within one year -€396,812
down €396,812 (-27.7%), from €1.4m to €1.0m
of which Trade receivables: -€381,879
- Cash -€100,709
down €100,709 (-37.0%), from €272,506 to €171,798
mainly Investment in fixed assets (net) (-€1.8m) and Trade debts (-€415,011)
- Profit (loss) carried forward +€791,089
up €791,089 (+33.0%), from €2.4m to €3.2m
- Trade debts -€415,011
down €415,011 (-85.1%), from €487,483 to €72,472
- Debts after one year -€108,248
down €108,248 (-10.2%), from €1.1m to €950,665
- Current portion of long-term debt +€92,760
up €92,760 (+11.0%), from €841,608 to €934,368
- Gross operating margin +€629,634
up €629,634 (+15.6%), from €4.0m to €4.7m
- Depreciation +€391,543
up €391,543 (+76.4%), from €512,581 to €904,123
- Staff costs +€121,314
up €121,314 (+6.0%), from €2.0m to €2.1m
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 | €5,834,629 | €6,202,842 | +€368,213 | +6.3% |
| Fixed assets | 21/28 | €3,981,109 | €4,873,794 | +€892,686 | +22.4% |
| Tangible fixed assets | 22/27 | €3,964,696 | €4,856,587 | +€891,891 | +22.5% |
| Land and buildings | 22 | €1,755,815 | €1,707,076 | -€48,739 | -2.8% |
| Plant, machinery and equipment | 23 | €119,662 | €83,796 | -€35,866 | -30.0% |
| Furniture and vehicles | 24 | €2,089,220 | €3,065,716 | +€976,496 | +46.7% |
| Financial fixed assets | 28 | €16,412 | €17,207 | +€795 | +4.8% |
| Current assets | 29/58 | €1,853,521 | €1,329,048 | -€524,473 | -28.3% |
| Amounts receivable within one year | 40/41 | €1,433,505 | €1,036,693 | -€396,812 | -27.7% |
| Trade receivables | 40 | €1,407,004 | €1,025,126 | -€381,879 | -27.1% |
| Other amounts receivable | 41 | €26,501 | €11,568 | -€14,933 | -56.3% |
| Cash at bank and in hand | 54/58 | €272,506 | €171,798 | -€100,709 | -37.0% |
| Deferred charges and accrued income | 490/1 | €147,510 | €120,557 | -€26,953 | -18.3% |
| Total equity and liabilities | 10/49 | €5,834,629 | €6,202,842 | +€368,213 | +6.3% |
| Equity | 10/15 | €2,886,599 | €3,677,688 | +€791,089 | +27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €467,811 | €467,811 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €443,811 | €443,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,400,188 | €3,191,277 | +€791,089 | +33.0% |
| Amounts payable | 17/49 | €2,948,030 | €2,525,155 | -€422,876 | -14.3% |
| Amounts payable after more than one year | 17 | €1,058,912 | €950,665 | -€108,248 | -10.2% |
| Financial debts | 170/4 | €1,058,912 | €950,665 | -€108,248 | -10.2% |
| Amounts payable within one year | 42/48 | €1,889,118 | €1,574,490 | -€314,628 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €841,608 | €934,368 | +€92,760 | +11.0% |
| Trade debts | 44 | €487,483 | €72,472 | -€415,011 | -85.1% |
| Suppliers | 440/4 | €487,483 | €72,472 | -€415,011 | -85.1% |
| Taxes, remuneration and social security | 45 | €370,796 | €422,359 | +€51,563 | +13.9% |
| Taxes | 450/3 | €104,797 | €71,671 | -€33,126 | -31.6% |
| Remuneration and social security | 454/9 | €265,999 | €350,688 | +€84,689 | +31.8% |
| Other amounts payable | 47/48 | €189,231 | €145,291 | -€43,940 | -23.2% |
| Remuneration, social security and pensions | 62 | €2,006,561 | €2,127,876 | +€121,314 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512,581 | €904,123 | +€391,543 | +76.4% |
| Other operating charges | 640/8 | €524,083 | €546,052 | +€21,969 | +4.2% |
| Gross operating margin | 9900 | €4,032,064 | €4,661,698 | +€629,634 | +15.6% |
| Operating profit (loss) | 9901 | €988,839 | €1,083,647 | +€94,808 | +9.6% |
| Financial income | 75/76B | €206 | €35 | -€171 | -83.1% |
| Recurring financial income | 75 | €206 | €35 | -€171 | -83.1% |
| Financial charges | 65/66B | €67,583 | €76,813 | +€9,230 | +13.7% |
| Recurring financial charges | 65 | €67,583 | €76,813 | +€9,230 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €921,463 | €1,006,869 | +€85,406 | +9.3% |
| Income taxes | 67/77 | €197,741 | €214,947 | +€17,206 | +8.7% |
| Profit (loss) for the period | 9904 | €723,721 | €791,922 | +€68,200 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €723,721 | €791,922 | +€68,200 | +9.4% |
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 30 September 2026 via checked.be.