NITRO 44: 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.
NITRO 44
Largest movements
- Cash -€5,126
down €5,126 (-100.0%), from €5,126 to €0
mainly Investment in fixed assets (net) (-€7,169) and Current portion of long-term debt (-€5,166)
- Receivables within one year -€2,548
down €2,548 (-6.3%), from €40,212 to €37,664
of which Trade receivables: -€3,806
- Tangible fixed assets -€1,398
down €1,398 (-3.3%), from €42,839 to €41,441
of which Other tangible fixed assets: -€5,863
- Deferred charges and accrued income +€1,314
up €1,314 (+44.6%), from €2,949 to €4,263
- Current portion of long-term debt -€5,166
down €5,166 (-83.1%), from €6,214 to €1,048
- Tax, wage and social debts -€4,302
down €4,302 (-66.9%), from €6,426 to €2,124
of which Taxes: -€4,302
- Short-term financial debts +€3,210
up €3,210 (+63.0%), from €5,098 to €8,308
- Other debts -€2,545
down €2,545 (-74.7%), from €3,405 to €860
- Accrued charges and deferred income +€2,262
up €2,262 (+134.1%), from €1,687 to €3,950
- Gross operating margin -€3,563
down €3,563 (-24.3%), from €14,672 to €11,109
- Financial charges -€1,465
down €1,465 (-28.9%), from €5,066 to €3,601
- Depreciation +€1,180
up €1,180 (+16.2%), from €7,289 to €8,469
- Taxes -€697
down €697 (-54.8%), from €1,271 to €574
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 | €91,126 | €83,467 | -€7,660 | -8.4% |
| Fixed assets | 21/28 | €42,839 | €41,539 | -€1,300 | -3.0% |
| Tangible fixed assets | 22/27 | €42,839 | €41,441 | -€1,398 | -3.3% |
| Furniture and vehicles | 24 | €0 | €4,465 | +€4,465 | |
| Other tangible fixed assets | 26 | €42,839 | €36,976 | -€5,863 | -13.7% |
| Financial fixed assets | 28 | €0 | €98 | +€98 | |
| Current assets | 29/58 | €48,287 | €41,927 | -€6,360 | -13.2% |
| Amounts receivable within one year | 40/41 | €40,212 | €37,664 | -€2,548 | -6.3% |
| Trade receivables | 40 | €9,856 | €6,050 | -€3,806 | -38.6% |
| Other amounts receivable | 41 | €30,356 | €31,614 | +€1,258 | +4.1% |
| Cash at bank and in hand | 54/58 | €5,126 | €0 | -€5,126 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,949 | €4,263 | +€1,314 | +44.6% |
| Total equity and liabilities | 10/49 | €91,126 | €83,467 | -€7,660 | -8.4% |
| Equity | 10/15 | €59,670 | €59,366 | -€304 | -0.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,670 | €24,366 | -€304 | -1.2% |
| Amounts payable | 17/49 | €31,456 | €24,101 | -€7,356 | -23.4% |
| Amounts payable after more than one year | 17 | €1,048 | €0 | -€1,048 | -100.0% |
| Financial debts | 170/4 | €1,048 | €0 | -€1,048 | -100.0% |
| Amounts payable within one year | 42/48 | €28,722 | €20,151 | -€8,571 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €6,214 | €1,048 | -€5,166 | -83.1% |
| Financial debts | 43 | €5,098 | €8,308 | +€3,210 | +63.0% |
| Credit institutions | 430/8 | €5,098 | €8,308 | +€3,210 | +63.0% |
| Trade debts | 44 | €7,579 | €7,811 | +€232 | +3.1% |
| Suppliers | 440/4 | €7,579 | €7,811 | +€232 | +3.1% |
| Taxes, remuneration and social security | 45 | €6,426 | €2,124 | -€4,302 | -66.9% |
| Taxes | 450/3 | €6,426 | €2,124 | -€4,302 | -66.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,405 | €860 | -€2,545 | -74.7% |
| Accrued charges and deferred income | 492/3 | €1,687 | €3,950 | +€2,262 | +134.1% |
| Non-recurring operating income | 76A | - | €4,007 | +€4,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,289 | €8,469 | +€1,180 | +16.2% |
| Other operating charges | 640/8 | €610 | €647 | +€37 | +6.1% |
| Gross operating margin | 9900 | €14,672 | €11,109 | -€3,563 | -24.3% |
| Operating profit (loss) | 9901 | €6,773 | €1,994 | -€4,780 | -70.6% |
| Financial income | 75/76B | €1,748 | €1,878 | +€130 | +7.4% |
| Recurring financial income | 75 | €1,748 | €1,878 | +€130 | +7.4% |
| Financial charges | 65/66B | €5,066 | €3,601 | -€1,465 | -28.9% |
| Recurring financial charges | 65 | €5,066 | €3,601 | -€1,465 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €3,456 | €271 | -€3,185 | -92.2% |
| Income taxes | 67/77 | €1,271 | €574 | -€697 | -54.8% |
| Profit (loss) for the period | 9904 | €2,185 | -€304 | -€2,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,185 | -€304 | -€2,488 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.