NITRO: 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.
NITRO
Largest movements
- Cash +€36,959
up €36,959 (+31.2%), from €118,573 to €155,532
mainly Net result for the year (+€51,146) and Depreciation (+€9,752)
- Receivables within one year +€7,745
up €7,745 (+29.7%), from €26,094 to €33,839
- Tangible fixed assets -€6,032
down €6,032 (-22.1%), from €27,281 to €21,249
of which Furniture and vehicles: -€8,740
- Reserves +€51,146
up €51,146 (+37.5%), from €136,330 to €187,476
- Trade debts -€8,003
down €8,003 (-58.8%), from €13,617 to €5,613
- Current portion of long-term debt -€4,571
down €4,571 (-56.5%), from €8,094 to €3,524
- Tax, wage and social debts +€3,759
up €3,759 (+34.1%), from €11,030 to €14,789
of which Taxes: +€5,611
- Debts after one year -€3,524
no longer reported in 2025 (was €3,524)
- Gross operating margin +€25,518
up €25,518 (+34.9%), from €73,020 to €98,538
- Taxes +€6,693
up €6,693 (+38.4%), from €17,416 to €24,108
- Other operating charges +€4,812
up €4,812 (+53.4%), from €9,018 to €13,830
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 | €181,814 | €220,648 | +€38,834 | +21.4% |
| Fixed assets | 21/28 | €36,416 | €30,384 | -€6,032 | -16.6% |
| Tangible fixed assets | 22/27 | €27,281 | €21,249 | -€6,032 | -22.1% |
| Plant, machinery and equipment | 23 | €1,613 | €4,321 | +€2,708 | +168% |
| Furniture and vehicles | 24 | €25,669 | €16,929 | -€8,740 | -34.0% |
| Financial fixed assets | 28 | €9,135 | €9,135 | = | 0.0% |
| Current assets | 29/58 | €145,398 | €190,263 | +€44,866 | +30.9% |
| Amounts receivable within one year | 40/41 | €26,094 | €33,839 | +€7,745 | +29.7% |
| Trade receivables | 40 | €26,094 | €33,839 | +€7,745 | +29.7% |
| Cash at bank and in hand | 54/58 | €118,573 | €155,532 | +€36,959 | +31.2% |
| Deferred charges and accrued income | 490/1 | €730 | €892 | +€162 | +22.2% |
| Total equity and liabilities | 10/49 | €181,814 | €220,648 | +€38,834 | +21.4% |
| Equity | 10/15 | €145,330 | €196,476 | +€51,146 | +35.2% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €136,330 | €187,476 | +€51,146 | +37.5% |
| Distributable reserves | 133 | €136,330 | €187,476 | +€51,146 | +37.5% |
| Amounts payable | 17/49 | €36,483 | €24,171 | -€12,312 | -33.7% |
| Amounts payable after more than one year | 17 | €3,524 | - | -€3,524 | |
| Financial debts | 170/4 | €3,524 | - | -€3,524 | |
| Amounts payable within one year | 42/48 | €32,960 | €24,171 | -€8,788 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €8,094 | €3,524 | -€4,571 | -56.5% |
| Trade debts | 44 | €13,617 | €5,613 | -€8,003 | -58.8% |
| Suppliers | 440/4 | €13,617 | €5,613 | -€8,003 | -58.8% |
| Taxes, remuneration and social security | 45 | €11,030 | €14,789 | +€3,759 | +34.1% |
| Taxes | 450/3 | €9,178 | €14,789 | +€5,611 | +61.1% |
| Remuneration and social security | 454/9 | €1,852 | - | -€1,852 | |
| Other amounts payable | 47/48 | €219 | €246 | +€27 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,173 | €9,752 | +€579 | +6.3% |
| Other operating charges | 640/8 | €9,018 | €13,830 | +€4,812 | +53.4% |
| Gross operating margin | 9900 | €73,020 | €98,538 | +€25,518 | +34.9% |
| Operating profit (loss) | 9901 | €54,829 | €74,956 | +€20,128 | +36.7% |
| Financial income | 75/76B | €98 | €838 | +€741 | +758% |
| Recurring financial income | 75 | €98 | €838 | +€741 | +758% |
| Financial charges | 65/66B | €1,023 | €540 | -€483 | -47.2% |
| Recurring financial charges | 65 | €1,023 | €540 | -€483 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €53,903 | €75,254 | +€21,351 | +39.6% |
| Income taxes | 67/77 | €17,416 | €24,108 | +€6,693 | +38.4% |
| Profit (loss) for the period | 9904 | €36,487 | €51,146 | +€14,658 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,487 | €51,146 | +€14,658 | +40.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.