NITRAMESTATE: 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.
NITRAMESTATE
Largest movements
- Tangible fixed assets -€30,984
down €30,984 (-2.4%), from €1.3m to €1.2m
- Debts after one year -€27,618
down €27,618 (-5.3%), from €521,346 to €493,728
- Other debts -€16,859
down €16,859 (-7.4%), from €227,740 to €210,881
- Gross operating margin +€2,862
up €2,862 (+6.6%), from €43,266 to €46,128
- Financial charges -€559
down €559 (-5.4%), from €10,362 to €9,803
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 | €1,306,375 | €1,269,130 | -€37,245 | -2.9% |
| Fixed assets | 21/28 | €1,265,744 | €1,234,759 | -€30,984 | -2.4% |
| Tangible fixed assets | 22/27 | €1,265,744 | €1,234,759 | -€30,984 | -2.4% |
| Land and buildings | 22 | €1,265,744 | €1,234,759 | -€30,984 | -2.4% |
| Current assets | 29/58 | €40,631 | €34,371 | -€6,260 | -15.4% |
| Cash at bank and in hand | 54/58 | €39,483 | €33,058 | -€6,425 | -16.3% |
| Deferred charges and accrued income | 490/1 | €1,148 | €1,313 | +€165 | +14.3% |
| Total equity and liabilities | 10/49 | €1,306,375 | €1,269,130 | -€37,245 | -2.9% |
| Equity | 10/15 | €530,006 | €531,434 | +€1,428 | +0.3% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,994 | -€68,566 | +€1,428 | +2.0% |
| Amounts payable | 17/49 | €776,369 | €737,696 | -€38,673 | -5.0% |
| Amounts payable after more than one year | 17 | €521,346 | €493,728 | -€27,618 | -5.3% |
| Financial debts | 170/4 | €521,346 | €493,728 | -€27,618 | -5.3% |
| Amounts payable within one year | 42/48 | €255,023 | €243,968 | -€11,055 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €27,283 | €27,618 | +€335 | +1.2% |
| Trade debts | 44 | - | €5,469 | +€5,469 | |
| Suppliers | 440/4 | - | €5,469 | +€5,469 | |
| Other amounts payable | 47/48 | €227,740 | €210,881 | -€16,859 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,984 | €30,984 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,793 | €3,912 | +€119 | +3.1% |
| Gross operating margin | 9900 | €43,266 | €46,128 | +€2,862 | +6.6% |
| Operating profit (loss) | 9901 | €8,489 | €11,231 | +€2,742 | +32.3% |
| Financial charges | 65/66B | €10,362 | €9,803 | -€559 | -5.4% |
| Recurring financial charges | 65 | €10,362 | €9,803 | -€559 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,873 | €1,428 | +€3,301 | |
| Profit (loss) for the period | 9904 | -€1,873 | €1,428 | +€3,301 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,873 | €1,428 | +€3,301 |
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 12 October 2026 via checked.be.