NITROGENIUS: 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.
NITROGENIUS
Largest movements
- Tangible fixed assets -€69,548
down €69,548 (-11.9%), from €585,685 to €516,137
of which Plant, machinery and equipment: -€50,437
- Cash -€14,147
down €14,147 (-80.4%), from €17,595 to €3,448
mainly Net result for the year (-€58,387) and Debts after one year (-€10,790)
- Receivables within one year +€9,451
up €9,451 (+410.2%), from €2,304 to €11,755
of which Trade receivables: +€10,335
- Profit (loss) carried forward -€58,387
down €58,387 (-29.9%), from -€195,008 to -€253,394
- Debts after one year -€10,790
down €10,790 (-6.8%), from €158,531 to €147,741
- Gross operating margin +€30,677
up €30,677 (+144.6%), from €21,210 to €51,887
- Financial charges -€2,796
down €2,796 (-27.1%), from €10,330 to €7,534
- Staff costs -€1,595
down €1,595 (-6.0%), from €26,726 to €25,131
- Depreciation -€1,101
down €1,101 (-1.4%), from €77,399 to €76,298
- Other operating charges +€550
up €550 (+103.7%), from €530 to €1,080
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 | €606,617 | €534,442 | -€72,175 | -11.9% |
| Fixed assets | 21/28 | €585,685 | €516,137 | -€69,548 | -11.9% |
| Tangible fixed assets | 22/27 | €585,685 | €516,137 | -€69,548 | -11.9% |
| Land and buildings | 22 | €113,435 | €110,310 | -€3,125 | -2.8% |
| Plant, machinery and equipment | 23 | €415,994 | €365,557 | -€50,437 | -12.1% |
| Furniture and vehicles | 24 | €56,255 | €40,270 | -€15,985 | -28.4% |
| Current assets | 29/58 | €20,932 | €18,304 | -€2,627 | -12.6% |
| Stocks and contracts in progress | 3 | - | €2,014 | +€2,014 | |
| Stocks | 30/36 | - | €2,014 | +€2,014 | |
| Amounts receivable within one year | 40/41 | €2,304 | €11,755 | +€9,451 | +410.2% |
| Trade receivables | 40 | €0 | €10,335 | +€10,335 | |
| Other amounts receivable | 41 | €2,304 | €1,420 | -€884 | -38.4% |
| Cash at bank and in hand | 54/58 | €17,595 | €3,448 | -€14,147 | -80.4% |
| Deferred charges and accrued income | 490/1 | €1,033 | €1,087 | +€55 | +5.3% |
| Total equity and liabilities | 10/49 | €606,617 | €534,442 | -€72,175 | -11.9% |
| Equity | 10/15 | -€44,251 | -€102,637 | -€58,387 | -131.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €138,357 | €138,357 | = | 0.0% |
| Distributable reserves | 133 | €138,357 | €138,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,008 | -€253,394 | -€58,387 | -29.9% |
| Amounts payable | 17/49 | €650,867 | €637,079 | -€13,789 | -2.1% |
| Amounts payable after more than one year | 17 | €158,531 | €147,741 | -€10,790 | -6.8% |
| Financial debts | 170/4 | €158,531 | €147,741 | -€10,790 | -6.8% |
| Amounts payable within one year | 42/48 | €492,336 | €489,338 | -€2,999 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €10,775 | €10,790 | +€15 | +0.1% |
| Trade debts | 44 | €1,159 | €1,486 | +€327 | +28.2% |
| Suppliers | 440/4 | €1,159 | €1,486 | +€327 | +28.2% |
| Taxes, remuneration and social security | 45 | €216 | €216 | = | 0.0% |
| Taxes | 450/3 | €216 | €216 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €480,186 | €476,846 | -€3,340 | -0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €26,726 | €25,131 | -€1,595 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,399 | €76,298 | -€1,101 | -1.4% |
| Other operating charges | 640/8 | €530 | €1,080 | +€550 | +103.7% |
| Gross operating margin | 9900 | €21,210 | €51,887 | +€30,677 | +144.6% |
| Operating profit (loss) | 9901 | -€83,445 | -€50,621 | +€32,824 | +39.3% |
| Financial charges | 65/66B | €10,330 | €7,534 | -€2,796 | -27.1% |
| Recurring financial charges | 65 | €10,330 | €7,534 | -€2,796 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€93,775 | -€58,155 | +€35,620 | +38.0% |
| Income taxes | 67/77 | €216 | €232 | +€15 | +7.0% |
| Profit (loss) for the period | 9904 | -€93,991 | -€58,387 | +€35,605 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,991 | -€58,387 | +€35,605 | +37.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.