Nitrac: 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.
Nitrac
Largest movements
- Cash +€40,428
up €40,428 (+42.2%), from €95,691 to €136,118
mainly Net result for the year (+€54,859) and Depreciation (+€4,509)
- Profit (loss) carried forward +€54,859
up €54,859 (+51.7%), from €106,046 to €160,905
- Tax, wage and social debts -€12,550
down €12,550 (-91.3%), from €13,750 to €1,200
- Trade debts -€3,954
down €3,954 (-54.4%), from €7,265 to €3,312
- Gross operating margin +€7,197
up €7,197 (+10.1%), from €71,025 to €78,222
- Other operating charges +€1,765
up €1,765 (+143.2%), from €1,233 to €2,998
- Taxes +€1,383
up €1,383 (+10.2%), from €13,602 to €14,984
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 | €139,561 | €177,916 | +€38,355 | +27.5% |
| Fixed assets | 21/28 | €15,468 | €13,952 | -€1,516 | -9.8% |
| Tangible fixed assets | 22/27 | €11,268 | €9,752 | -€1,516 | -13.5% |
| Plant, machinery and equipment | 23 | - | €1,469 | +€1,469 | |
| Furniture and vehicles | 24 | €11,268 | €8,283 | -€2,985 | -26.5% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €124,094 | €163,965 | +€39,871 | +32.1% |
| Amounts receivable within one year | 40/41 | €28,403 | €27,846 | -€556 | -2.0% |
| Trade receivables | 40 | €626 | €8,734 | +€8,107 | +1294.9% |
| Other amounts receivable | 41 | €27,777 | €19,113 | -€8,664 | -31.2% |
| Cash at bank and in hand | 54/58 | €95,691 | €136,118 | +€40,428 | +42.2% |
| Total equity and liabilities | 10/49 | €139,561 | €177,916 | +€38,355 | +27.5% |
| Equity | 10/15 | €118,546 | €173,405 | +€54,859 | +46.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,046 | €160,905 | +€54,859 | +51.7% |
| Amounts payable | 17/49 | €21,015 | €4,512 | -€16,504 | -78.5% |
| Amounts payable within one year | 42/48 | €21,015 | €4,512 | -€16,504 | -78.5% |
| Trade debts | 44 | €7,265 | €3,312 | -€3,954 | -54.4% |
| Suppliers | 440/4 | €7,265 | €3,312 | -€3,954 | -54.4% |
| Taxes, remuneration and social security | 45 | €13,750 | €1,200 | -€12,550 | -91.3% |
| Taxes | 450/3 | €13,750 | €1,200 | -€12,550 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,756 | €4,509 | +€753 | +20.0% |
| Other operating charges | 640/8 | €1,233 | €2,998 | +€1,765 | +143.2% |
| Gross operating margin | 9900 | €71,025 | €78,222 | +€7,197 | +10.1% |
| Operating profit (loss) | 9901 | €66,037 | €70,716 | +€4,679 | +7.1% |
| Financial income | 75/76B | €74 | €247 | +€173 | +232.3% |
| Recurring financial income | 75 | €74 | €247 | +€173 | +232.3% |
| Financial charges | 65/66B | €610 | €1,119 | +€510 | +83.6% |
| Recurring financial charges | 65 | €610 | €1,119 | +€510 | +83.6% |
| Profit (loss) for the period before taxes | 9903 | €65,501 | €69,843 | +€4,342 | +6.6% |
| Income taxes | 67/77 | €13,602 | €14,984 | +€1,383 | +10.2% |
| Profit (loss) for the period | 9904 | €51,900 | €54,859 | +€2,959 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,900 | €54,859 | +€2,959 | +5.7% |
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 3 October 2026 via checked.be.