NITRAMCO: 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.
What changed
NITRAMCO
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€541,000
2024 · €627,970-€86,970
Equity
€16.8m
2024 · €16.8m-€59,000
Cash
€494,784
2024 · €165,185+€329,599
Balance sheet total
€23.1m
2024 · €22.0m+€1.1m
Largest movements
Assets
- Financial fixed assets +€426,170
up €426,170 (+6.8%), from €6.2m to €6.7m
of which Affiliated companies: +€426,170
- Cash +€329,599
up €329,599 (+199.5%), from €165,185 to €494,784
mainly Other debts (+€858,791) and Current portion of long-term debt (+€559,976)
- Current investments +€313,392
up €313,392 (+5.2%), from €6.1m to €6.4m
- Receivables within one year +€286,562
up €286,562 (+5.8%), from €5.0m to €5.3m
of which Other amounts receivable: +€320,394
Equity and liabilities
- Other debts +€858,791
up €858,791 (+22.8%), from €3.8m to €4.6m
- Current portion of long-term debt +€559,976
up €559,976 (+261.3%), from €214,335 to €774,311
Income statement
- Other operating income -€269,358
down €269,358 (-21.5%), from €1.3m to €985,868
- Financial income +€108,960
up €108,960 (+24.1%), from €451,739 to €560,699
of which Financial income: +€93,960
- Goods and materials +€95,204
up €95,204 (+63.0%), from €151,177 to €246,382
- Services and other goods -€40,667
down €40,667 (-5.4%), from €758,272 to €717,605
- Financial charges -€36,801
down €36,801 (-16.2%), from €226,615 to €189,813
of which Non-recurring financial charges: -€50,043
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.
Result 2024
€627,970
Turnover
+€35,514
Other operating income
-€269,358
Goods and materials
-€95,204
Services and other goods
+€40,667
Depreciation
-€9,486
Write-downs
+€31,600
Other operating charges
-€2,603
Financial income
+€108,960
Financial charges
+€36,801
Taxes
+€36,138
Result 2025
€541,000
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.
From operations
+€1.3m
Investment
-€804,035
Financing
-€213,806
Cash 2024
€165,185
From operations (derived)
+€1.3m
Net result for the year
+€541,000
Depreciation
+€235,180
Receivables within one year
-€286,562
Deferred charges and accrued income
+€51,061
Trade debts
-€53,680
Other debts
+€858,791
Accrued charges and deferred income
+€1,649
Investment (derived)
-€804,035
Investment in fixed assets (net)
-€490,643
Current investments
-€313,392
Financing
-€213,806
Debts after one year
-€173,782
Current portion of long-term debt
+€559,976
Contributions, distributions and other
-€600,000
Cash 2025
€494,784
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,002,339 | €23,136,293 | +€1.1m | +5.2% |
| Fixed assets | 21/28 | €10,733,205 | €10,988,667 | +€255,462 | +2.4% |
| Tangible fixed assets | 22/27 | €4,504,944 | €4,334,236 | -€170,708 | -3.8% |
| Land and buildings | 22 | €4,491,208 | €4,267,294 | -€223,914 | -5.0% |
| Plant, machinery and equipment | 23 | €9,644 | €44,556 | +€34,912 | +362.0% |
| Furniture and vehicles | 24 | €4,092 | €22,386 | +€18,294 | +447.1% |
| Financial fixed assets | 28 | €6,228,261 | €6,654,431 | +€426,170 | +6.8% |
| Affiliated companies | 280/1 | €6,225,355 | €6,651,525 | +€426,170 | +6.8% |
| Participating interests | 280 | €6,225,355 | €6,651,525 | +€426,170 | +6.8% |
| Other financial fixed assets | 284/8 | €2,906 | €2,906 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,906 | €2,906 | = | 0.0% |
| Current assets | 29/58 | €11,269,134 | €12,147,626 | +€878,492 | +7.8% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,976,164 | €5,262,726 | +€286,562 | +5.8% |
| Trade receivables | 40 | €1,242,665 | €1,208,833 | -€33,831 | -2.7% |
| Other amounts receivable | 41 | €3,733,499 | €4,053,893 | +€320,394 | +8.6% |
| Current investments | 50/53 | €6,076,724 | €6,390,116 | +€313,392 | +5.2% |
| Other investments | 51/53 | €6,076,724 | €6,390,116 | +€313,392 | +5.2% |
| Cash at bank and in hand | 54/58 | €165,185 | €494,784 | +€329,599 | +199.5% |
| Deferred charges and accrued income | 490/1 | €51,061 | €0 | -€51,061 | -100.0% |
| Total equity and liabilities | 10/49 | €22,002,339 | €23,136,293 | +€1.1m | +5.2% |
| Equity | 10/15 | €16,825,521 | €16,766,521 | -€59,000 | -0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €184,200 | €184,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €178,000 | €178,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,579,321 | €16,520,321 | -€59,000 | -0.4% |
| Amounts payable | 17/49 | €5,176,817 | €6,369,772 | +€1.2m | +23.0% |
| Amounts payable after more than one year | 17 | €826,630 | €652,848 | -€173,782 | -21.0% |
| Financial debts | 170/4 | €826,630 | €652,848 | -€173,782 | -21.0% |
| Credit institutions | 173 | €826,630 | €652,848 | -€173,782 | -21.0% |
| Amounts payable within one year | 42/48 | €4,298,537 | €5,663,625 | +€1.4m | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €214,335 | €774,311 | +€559,976 | +261.3% |
| Trade debts | 44 | €314,566 | €260,886 | -€53,680 | -17.1% |
| Suppliers | 440/4 | €314,566 | €260,886 | -€53,680 | -17.1% |
| Other amounts payable | 47/48 | €3,769,636 | €4,628,428 | +€858,791 | +22.8% |
| Accrued charges and deferred income | 492/3 | €51,650 | €53,299 | +€1,649 | +3.2% |
| Operating income | 70/76A | €1,753,296 | €1,519,452 | -€233,844 | -13.3% |
| Turnover | 70 | €498,070 | €533,584 | +€35,514 | +7.1% |
| Other operating income | 74 | €1,255,226 | €985,868 | -€269,358 | -21.5% |
| Operating charges | 60/66A | €1,186,999 | €1,222,025 | +€35,026 | +3.0% |
| Goods for resale, raw materials and consumables | 60 | €151,177 | €246,382 | +€95,204 | +63.0% |
| Purchases | 600/8 | €151,177 | €246,382 | +€95,204 | +63.0% |
| Services and other goods | 61 | €758,272 | €717,605 | -€40,667 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,694 | €235,180 | +€9,486 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€31,600 | -€31,600 | |
| Other operating charges | 640/8 | €51,855 | €54,458 | +€2,603 | +5.0% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Operating profit (loss) | 9901 | €566,297 | €297,427 | -€268,870 | -47.5% |
| Financial income | 75/76B | €451,739 | €560,699 | +€108,960 | +24.1% |
| Recurring financial income | 75 | €451,739 | €545,699 | +€93,960 | +20.8% |
| Income from financial fixed assets | 750 | €73,911 | - | -€73,911 | |
| Income from current assets | 751 | €192,478 | €409,102 | +€216,624 | +112.5% |
| Other financial income | 752/9 | €185,350 | €136,598 | -€48,753 | -26.3% |
| Non-recurring financial income | 76B | - | €15,000 | +€15,000 | |
| Financial charges | 65/66B | €226,615 | €189,813 | -€36,801 | -16.2% |
| Recurring financial charges | 65 | €176,571 | €189,813 | +€13,242 | +7.5% |
| Debt charges | 650 | €49,905 | €71,237 | +€21,332 | +42.7% |
| Other financial charges | 652/9 | €126,666 | €118,576 | -€8,090 | -6.4% |
| Non-recurring financial charges | 66B | €50,043 | - | -€50,043 | |
| Profit (loss) for the period before taxes | 9903 | €791,422 | €668,313 | -€123,109 | -15.6% |
| Income taxes | 67/77 | €163,452 | €127,313 | -€36,138 | -22.1% |
| Taxes | 670/3 | €163,452 | €127,313 | -€36,138 | -22.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €627,970 | €541,000 | -€86,970 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €627,970 | €541,000 | -€86,970 | -13.8% |
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 11 October 2026 via checked.be.