Nitraminvest: 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.
Nitraminvest
Largest movements
- Cash +€353,805
up €353,805 (+759%), from €46,630 to €400,435
mainly Depreciation (+€349,077) and Deferred charges and accrued income (+€303,811)
- Deferred charges and accrued income -€303,811
down €303,811 (-61.1%), from €497,613 to €193,802
- Tangible fixed assets -€287,577
down €287,577 (-5.2%), from €5.5m to €5.2m
of which Land and buildings: -€262,277
- Receivables within one year +€194,701
up €194,701 (+26.2%), from €743,123 to €937,824
of which Other amounts receivable: +€188,230
- Debts after one year -€395,489
down €395,489 (-9.2%), from €4.3m to €3.9m
- Other debts +€200,000
up €200,000 (+250%), from €80,000 to €280,000
- Profit (loss) carried forward +€84,841
up €84,841 (+7.9%), from €1.1m to €1.2m
- Gross operating margin -€59,950
down €59,950 (-5.8%), from €1.0m to €979,496
- Taxes +€31,269
up €31,269 (+25.3%), from €123,608 to €154,877
- Financial charges -€25,389
down €25,389 (-15.8%), from €160,842 to €135,453
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.
Derived cash bridge
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 | €6,814,144 | €6,771,261 | -€42,882 | -0.6% |
| Fixed assets | 21/28 | €5,526,778 | €5,239,201 | -€287,577 | -5.2% |
| Tangible fixed assets | 22/27 | €5,517,507 | €5,229,930 | -€287,577 | -5.2% |
| Land and buildings | 22 | €5,436,359 | €5,174,082 | -€262,277 | -4.8% |
| Plant, machinery and equipment | 23 | €71,500 | €1,239 | -€70,261 | -98.3% |
| Furniture and vehicles | 24 | €9,648 | €54,609 | +€44,961 | +466% |
| Financial fixed assets | 28 | €9,271 | €9,271 | = | 0.0% |
| Current assets | 29/58 | €1,287,366 | €1,532,061 | +€244,695 | +19.0% |
| Amounts receivable within one year | 40/41 | €743,123 | €937,824 | +€194,701 | +26.2% |
| Trade receivables | 40 | €949 | €7,420 | +€6,471 | +682% |
| Other amounts receivable | 41 | €742,174 | €930,404 | +€188,230 | +25.4% |
| Cash at bank and in hand | 54/58 | €46,630 | €400,435 | +€353,805 | +759% |
| Deferred charges and accrued income | 490/1 | €497,613 | €193,802 | -€303,811 | -61.1% |
| Total equity and liabilities | 10/49 | €6,814,144 | €6,771,261 | -€42,882 | -0.6% |
| Equity | 10/15 | €1,806,846 | €1,893,516 | +€86,671 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €721,856 | €723,686 | +€1,830 | +0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €719,996 | €616,576 | -€103,420 | -14.4% |
| Distributable reserves | 133 | - | €107,110 | +€107,110 | |
| Profit (loss) carried forward | 14 | €1,078,789 | €1,163,630 | +€84,841 | +7.9% |
| Provisions and deferred taxes | 16 | €138,487 | €125,063 | -€13,423 | -9.7% |
| Deferred taxes | 168 | €138,487 | €125,063 | -€13,423 | -9.7% |
| Amounts payable | 17/49 | €4,868,811 | €4,752,682 | -€116,130 | -2.4% |
| Amounts payable after more than one year | 17 | €4,291,418 | €3,895,929 | -€395,489 | -9.2% |
| Financial debts | 170/4 | €4,291,418 | €3,895,929 | -€395,489 | -9.2% |
| Amounts payable within one year | 42/48 | €577,394 | €817,347 | +€239,954 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €395,396 | €397,414 | +€2,017 | +0.5% |
| Trade debts | 44 | €101,998 | €115,045 | +€13,048 | +12.8% |
| Suppliers | 440/4 | €101,998 | €115,045 | +€13,048 | +12.8% |
| Taxes, remuneration and social security | 45 | - | €24,888 | +€24,888 | |
| Taxes | 450/3 | - | €24,888 | +€24,888 | |
| Other amounts payable | 47/48 | €80,000 | €280,000 | +€200,000 | +250% |
| Accrued charges and deferred income | 492/3 | - | €39,406 | +€39,406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347,105 | €349,077 | +€1,972 | +0.6% |
| Other operating charges | 640/8 | €79,412 | €82,449 | +€3,037 | +3.8% |
| Gross operating margin | 9900 | €1,039,446 | €979,496 | -€59,950 | -5.8% |
| Operating profit (loss) | 9901 | €612,928 | €547,970 | -€64,958 | -10.6% |
| Financial income | 75/76B | €11,824 | €15,607 | +€3,784 | +32.0% |
| Recurring financial income | 75 | €11,824 | €15,607 | +€3,784 | +32.0% |
| Financial charges | 65/66B | €160,842 | €135,453 | -€25,389 | -15.8% |
| Recurring financial charges | 65 | €160,842 | €135,453 | -€25,389 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €463,910 | €428,124 | -€35,786 | -7.7% |
| Income taxes | 67/77 | €123,608 | €154,877 | +€31,269 | +25.3% |
| Profit (loss) for the period | 9904 | €340,302 | €273,247 | -€67,055 | -19.7% |
| Transfer from tax-exempt reserves | 789 | €53,694 | €53,694 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €42,100 | -€21,050 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €330,846 | €284,841 | -€46,005 | -13.9% |
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 23 October 2026 via checked.be.