NITRON: 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.
NITRON
Largest movements
- Tangible fixed assets -€113,269
down €113,269 (-15.6%), from €727,619 to €614,350
of which Furniture and vehicles: -€60,545
- Cash -€50,879
down €50,879 (-9.6%), from €528,670 to €477,791
mainly Contributions, distributions and other (-€211,701) and Trade debts (-€99,266)
- Receivables within one year -€48,647
down €48,647 (-4.1%), from €1.2m to €1.1m
of which Trade receivables: -€53,700
- Stocks and contracts -€29,261
down €29,261 (-7.0%), from €420,204 to €390,943
- Trade debts -€99,266
down €99,266 (-21.6%), from €460,284 to €361,018
- Debts after one year -€79,216
down €79,216 (-59.4%), from €133,355 to €54,139
- Tax, wage and social debts -€61,316
down €61,316 (-47.4%), from €129,422 to €68,105
of which Taxes: -€64,985
- Other debts +€30,734
up €30,734 (+11.7%), from €263,814 to €294,549
- Current portion of long-term debt -€29,245
down €29,245 (-27.0%), from €108,462 to €79,217
- Gross operating margin +€99,659
up €99,659 (+14.9%), from €666,744 to €766,403
- Taxes +€30,088
up €30,088 (+64.1%), from €46,912 to €77,000
- Financial income +€29,653
up €29,653 (+110.1%), from €26,928 to €56,581
- Staff costs +€12,049
up €12,049 (+3.5%), from €345,130 to €357,179
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 | €2,885,975 | €2,638,258 | -€247,717 | -8.6% |
| Fixed assets | 21/28 | €727,902 | €614,632 | -€113,269 | -15.6% |
| Tangible fixed assets | 22/27 | €727,619 | €614,350 | -€113,269 | -15.6% |
| Land and buildings | 22 | €524,430 | €478,207 | -€46,223 | -8.8% |
| Plant, machinery and equipment | 23 | €46,943 | €40,442 | -€6,501 | -13.8% |
| Furniture and vehicles | 24 | €156,246 | €95,701 | -€60,545 | -38.7% |
| Financial fixed assets | 28 | €282 | €282 | = | 0.0% |
| Current assets | 29/58 | €2,158,073 | €2,023,626 | -€134,448 | -6.2% |
| Stocks and contracts in progress | 3 | €420,204 | €390,943 | -€29,261 | -7.0% |
| Stocks | 30/36 | €420,204 | €390,943 | -€29,261 | -7.0% |
| Amounts receivable within one year | 40/41 | €1,185,400 | €1,136,754 | -€48,647 | -4.1% |
| Trade receivables | 40 | €878,640 | €824,940 | -€53,700 | -6.1% |
| Other amounts receivable | 41 | €306,760 | €311,813 | +€5,053 | +1.6% |
| Cash at bank and in hand | 54/58 | €528,670 | €477,791 | -€50,879 | -9.6% |
| Deferred charges and accrued income | 490/1 | €23,799 | €18,138 | -€5,661 | -23.8% |
| Total equity and liabilities | 10/49 | €2,885,975 | €2,638,258 | -€247,717 | -8.6% |
| Equity | 10/15 | €1,696,648 | €1,695,346 | -€1,302 | -0.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,552,339 | €1,554,826 | +€2,487 | +0.2% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €164,839 | €149,326 | -€15,513 | -9.4% |
| Distributable reserves | 133 | €1,375,000 | €1,393,000 | +€18,000 | +1.3% |
| Profit (loss) carried forward | 14 | €1,326 | €106 | -€1,220 | -92.0% |
| Investment grants | 15 | €17,983 | €15,414 | -€2,569 | -14.3% |
| Provisions and deferred taxes | 16 | €55,915 | €47,927 | -€7,988 | -14.3% |
| Deferred taxes | 168 | €55,915 | €47,927 | -€7,988 | -14.3% |
| Amounts payable | 17/49 | €1,133,412 | €894,985 | -€238,427 | -21.0% |
| Amounts payable after more than one year | 17 | €133,355 | €54,139 | -€79,216 | -59.4% |
| Financial debts | 170/4 | €133,355 | €54,139 | -€79,216 | -59.4% |
| Amounts payable within one year | 42/48 | €1,000,058 | €840,846 | -€159,212 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €108,462 | €79,217 | -€29,245 | -27.0% |
| Financial debts | 43 | €38,076 | €37,958 | -€118 | -0.3% |
| Credit institutions | 430/8 | €38,076 | €37,958 | -€118 | -0.3% |
| Trade debts | 44 | €460,284 | €361,018 | -€99,266 | -21.6% |
| Suppliers | 440/4 | €460,284 | €361,018 | -€99,266 | -21.6% |
| Taxes, remuneration and social security | 45 | €129,422 | €68,105 | -€61,316 | -47.4% |
| Taxes | 450/3 | €84,925 | €19,939 | -€64,985 | -76.5% |
| Remuneration and social security | 454/9 | €44,497 | €48,166 | +€3,669 | +8.2% |
| Other amounts payable | 47/48 | €263,814 | €294,549 | +€30,734 | +11.7% |
| Remuneration, social security and pensions | 62 | €345,130 | €357,179 | +€12,049 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,968 | €127,550 | -€418 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,268 | €407 | -€3,861 | -90.5% |
| Other operating charges | 640/8 | €20,320 | €17,858 | -€2,462 | -12.1% |
| Gross operating margin | 9900 | €666,744 | €766,403 | +€99,659 | +14.9% |
| Operating profit (loss) | 9901 | €169,059 | €263,409 | +€94,350 | +55.8% |
| Financial income | 75/76B | €26,928 | €56,581 | +€29,653 | +110.1% |
| Recurring financial income | 75 | €26,928 | €56,581 | +€29,653 | +110.1% |
| Financial charges | 65/66B | €34,141 | €40,578 | +€6,437 | +18.9% |
| Recurring financial charges | 65 | €34,141 | €40,578 | +€6,437 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €161,846 | €279,412 | +€117,566 | +72.6% |
| Transfer from deferred taxes | 780 | €7,988 | €7,988 | = | 0.0% |
| Income taxes | 67/77 | €46,912 | €77,000 | +€30,088 | +64.1% |
| Profit (loss) for the period | 9904 | €122,922 | €210,400 | +€87,477 | +71.2% |
| Transfer from tax-exempt reserves | 789 | €15,513 | €15,513 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €138,435 | €225,912 | +€87,477 | +63.2% |
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 8 October 2026 via checked.be.