NITRACO: 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.
What changed
NITRACO
NACE 42.220, Construction of utility projects for electricity and telecommunications
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€252,450
2025 · €252,450
Equity
€1.9m
2025 · €1.9m
Cash
€451,404
2025 · €215,702+€235,702
Balance sheet total
€24.0m
2025 · €25.8m-€1.7m
Largest movements
Assets
- Tangible fixed assets -€2.2m
down €2.2m (-8.9%), from €24.9m to €22.7m
Equity and liabilities
- Debts after one year -€2.3m
down €2.3m (-11.0%), from €21.4m to €19.0m
of which Trade debts: -€1.2m
- Trade debts +€608,956
up €608,956 (+269.0%), from €226,345 to €835,301
Income statement
- Services and other goods +€70,875
up €70,875 (+8.6%), from €826,094 to €896,969
- Turnover +€59,468
up €59,468 (+1.7%), from €3.5m to €3.5m
From the 2025 result to the 2026 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.
Result 2025
€252,450
Turnover
+€59,468
Services and other goods
-€70,875
Depreciation
-€192
Other operating charges
+€50
Financial charges
+€11,549
Result 2026
€252,450
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.8m
Investment
€0
Financing
-€2.6m
Cash 2025
€215,702
From operations (derived)
+€2.8m
Net result for the year
+€252,450
Depreciation
+€2.2m
Receivables within one year
-€243,349
Trade debts
+€608,956
Tax, wage and social debts
+€841
Accrued charges and deferred income
-€9,330
Financing
-€2.6m
Debts after one year
-€2.3m
Contributions, distributions and other
-€252,450
Cash 2026
€451,404
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,789,110 | €24,044,042 | -€1.7m | -6.8% |
| Fixed assets | 21/28 | €24,878,646 | €22,654,527 | -€2.2m | -8.9% |
| Tangible fixed assets | 22/27 | €24,878,646 | €22,654,527 | -€2.2m | -8.9% |
| Plant, machinery and equipment | 23 | €24,878,646 | €22,654,527 | -€2.2m | -8.9% |
| Current assets | 29/58 | €910,464 | €1,389,515 | +€479,051 | +52.6% |
| Amounts receivable within one year | 40/41 | €694,762 | €938,110 | +€243,349 | +35.0% |
| Trade receivables | 40 | €694,762 | €938,110 | +€243,349 | +35.0% |
| Cash at bank and in hand | 54/58 | €215,702 | €451,404 | +€235,702 | +109.3% |
| Total equity and liabilities | 10/49 | €25,789,110 | €24,044,042 | -€1.7m | -6.8% |
| Equity | 10/15 | €1,851,300 | €1,851,300 | = | 0.0% |
| Contributions | 10/11 | €1,683,000 | €1,683,000 | = | 0.0% |
| Capital | 10 | €1,683,000 | €1,683,000 | = | 0.0% |
| Issued capital | 100 | €1,683,000 | €1,683,000 | = | 0.0% |
| Reserves | 13 | €168,300 | €168,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €168,300 | €168,300 | = | 0.0% |
| Legal reserve | 130 | €168,300 | €168,300 | = | 0.0% |
| Amounts payable | 17/49 | €23,937,810 | €22,192,742 | -€1.7m | -7.3% |
| Amounts payable after more than one year | 17 | €21,390,259 | €19,044,725 | -€2.3m | -11.0% |
| Financial debts | 170/4 | €3,915,618 | €2,770,084 | -€1.1m | -29.3% |
| Other loans | 174 | €3,915,618 | €2,770,084 | -€1.1m | -29.3% |
| Trade debts | 175 | €17,474,641 | €16,274,641 | -€1.2m | -6.9% |
| Suppliers | 1750 | €17,474,641 | €16,274,641 | -€1.2m | -6.9% |
| Amounts payable within one year | 42/48 | €2,538,221 | €3,148,017 | +€609,797 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €2,000,000 | €2,000,000 | = | 0.0% |
| Trade debts | 44 | €226,345 | €835,301 | +€608,956 | +269.0% |
| Suppliers | 440/4 | €226,345 | €835,301 | +€608,956 | +269.0% |
| Taxes, remuneration and social security | 45 | €59,426 | €60,266 | +€841 | +1.4% |
| Taxes | 450/3 | €59,426 | €60,266 | +€841 | +1.4% |
| Other amounts payable | 47/48 | €252,450 | €252,450 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,330 | - | -€9,330 | |
| Operating income | 70/76A | €3,458,667 | €3,518,135 | +€59,468 | +1.7% |
| Turnover | 70 | €3,458,667 | €3,518,135 | +€59,468 | +1.7% |
| Operating charges | 60/66A | €3,055,629 | €3,126,646 | +€71,017 | +2.3% |
| Services and other goods | 61 | €826,094 | €896,969 | +€70,875 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,223,927 | €2,224,119 | +€192 | 0.0% |
| Other operating charges | 640/8 | €5,609 | €5,559 | -€50 | -0.9% |
| Operating profit (loss) | 9901 | €403,038 | €391,489 | -€11,549 | -2.9% |
| Financial charges | 65/66B | €66,438 | €54,889 | -€11,549 | -17.4% |
| Recurring financial charges | 65 | €66,438 | €54,889 | -€11,549 | -17.4% |
| Debt charges | 650 | €66,016 | €54,466 | -€11,551 | -17.5% |
| Other financial charges | 652/9 | €422 | €423 | +€2 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €336,600 | €336,600 | = | 0.0% |
| Income taxes | 67/77 | €84,150 | €84,150 | = | 0.0% |
| Taxes | 670/3 | €84,150 | €84,150 | = | 0.0% |
| Profit (loss) for the period | 9904 | €252,450 | €252,450 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €252,450 | €252,450 | = | 0.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.