NITTO EMEA: 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.
What changed
NITTO EMEA
NACE 64.210, Activities of holding companies
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€8.3m
2025 · €1.2m+€7.1m
Equity
€266.6m
2025 · €258.3m+€8.3m
Cash
€26.6m
2025 · €20.6m+€6.0m
Balance sheet total
€270.0m
2025 · €262.5m+€7.5m
Largest movements
Assets
- Current investments -€10.6m
down €10.6m (-44.8%), from €23.7m to €13.1m
- Financial fixed assets +€8.7m
up €8.7m (+4.2%), from €205.8m to €214.5m
of which Affiliated companies: +€8.7m
- Cash +€6.0m
up €6.0m (+28.9%), from €20.6m to €26.6m
mainly Current investments (+€10.6m) and Net result for the year (+€8.3m)
- Receivables within one year +€2.9m
up €2.9m (+25.1%), from €11.5m to €14.3m
of which Other amounts receivable: +€4.4m
Equity and liabilities
- Profit (loss) carried forward +€7.9m
up €7.9m (+21.9%), from €36.2m to €44.1m
Income statement
No income-statement line moved by more than 1% of the activity.
From the 2025 result to the 2026 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.
Result 2025
€1.2m
Staff costs
-€781,646
Depreciation
-€4,483
Other operating charges
-€125
Other operating items
+€1.8m
Financial income
+€2.3m
Financial charges
+€2.2m
Taxes
+€1.6m
Result 2026
€8.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€4.6m
Investment
+€1.3m
Financing
€0
Cash 2025
€20.6m
From operations (derived)
+€4.6m
Net result for the year
+€8.3m
Depreciation
+€373,625
Receivables within one year
-€2.9m
Deferred charges and accrued income
-€352,690
Trade debts
-€1.1m
Tax, wage and social debts
+€516,629
Other debts
-€193,712
Investment (derived)
+€1.3m
Investment in fixed assets (net)
-€9.3m
Current investments
+€10.6m
Cash 2026
€26.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,544,331 | €270,042,386 | +€7.5m | +2.9% |
| Fixed assets | 21/28 | €206,716,354 | €215,651,923 | +€8.9m | +4.3% |
| Intangible fixed assets | 21 | €739,291 | €966,158 | +€226,867 | +30.7% |
| Tangible fixed assets | 22/27 | €194,513 | €221,215 | +€26,702 | +13.7% |
| Plant, machinery and equipment | 23 | €57,500 | €27,500 | -€30,000 | -52.2% |
| Furniture and vehicles | 24 | €137,013 | €193,715 | +€56,702 | +41.4% |
| Financial fixed assets | 28 | €205,782,549 | €214,464,549 | +€8.7m | +4.2% |
| Affiliated companies | 280/1 | €205,777,419 | €214,447,419 | +€8.7m | +4.2% |
| Participating interests | 280 | €189,977,419 | €189,247,419 | -€730,000 | -0.4% |
| Amounts receivable | 281 | €15,800,000 | €25,200,000 | +€9.4m | +59.5% |
| Other financial fixed assets | 284/8 | €5,130 | €17,130 | +€12,000 | +234% |
| Amounts receivable and cash guarantees | 285/8 | €5,130 | €17,130 | +€12,000 | +234% |
| Current assets | 29/58 | €55,827,977 | €54,390,464 | -€1.4m | -2.6% |
| Amounts receivable within one year | 40/41 | €11,454,905 | €14,331,578 | +€2.9m | +25.1% |
| Trade receivables | 40 | €3,502,671 | €2,012,257 | -€1.5m | -42.6% |
| Other amounts receivable | 41 | €7,952,233 | €12,319,321 | +€4.4m | +54.9% |
| Current investments | 50/53 | €23,689,043 | €13,065,520 | -€10.6m | -44.8% |
| Other investments | 51/53 | €23,689,043 | €13,065,520 | -€10.6m | -44.8% |
| Cash at bank and in hand | 54/58 | €20,602,992 | €26,559,637 | +€6.0m | +28.9% |
| Deferred charges and accrued income | 490/1 | €81,038 | €433,728 | +€352,690 | +435% |
| Total equity and liabilities | 10/49 | €262,544,331 | €270,042,386 | +€7.5m | +2.9% |
| Equity | 10/15 | €258,275,847 | €266,598,568 | +€8.3m | +3.2% |
| Contributions | 10/11 | €216,754,790 | €216,754,790 | = | 0.0% |
| Capital | 10 | €212,282,384 | €212,282,384 | = | 0.0% |
| Issued capital | 100 | €212,282,384 | €212,282,384 | = | 0.0% |
| Contributions outside capital | 11 | €4,472,405 | €4,472,405 | = | 0.0% |
| Share premium | 1100/10 | €4,472,405 | €4,472,405 | = | 0.0% |
| Reserves | 13 | €5,368,743 | €5,788,743 | +€420,000 | +7.8% |
| Non-distributable reserves | 130/1 | €3,616,000 | €4,036,000 | +€420,000 | +11.6% |
| Legal reserve | 130 | €3,616,000 | €4,036,000 | +€420,000 | +11.6% |
| Distributable reserves | 133 | €1,752,743 | €1,752,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,152,315 | €44,055,035 | +€7.9m | +21.9% |
| Amounts payable | 17/49 | €4,268,484 | €3,443,818 | -€824,666 | -19.3% |
| Amounts payable within one year | 42/48 | €4,268,484 | €3,443,818 | -€824,666 | -19.3% |
| Trade debts | 44 | €3,406,636 | €2,259,053 | -€1.1m | -33.7% |
| Suppliers | 440/4 | €3,406,636 | €2,259,053 | -€1.1m | -33.7% |
| Taxes, remuneration and social security | 45 | €668,136 | €1,184,765 | +€516,629 | +77.3% |
| Taxes | 450/3 | €62,395 | €65,159 | +€2,763 | +4.4% |
| Remuneration and social security | 454/9 | €605,740 | €1,119,606 | +€513,866 | +84.8% |
| Other amounts payable | 47/48 | €193,712 | - | -€193,712 | |
| Operating income | 70/76A | €15,491,076 | €16,569,254 | +€1.1m | +7.0% |
| Other operating income | 74 | €15,491,076 | €16,569,254 | +€1.1m | +7.0% |
| Operating charges | 60/66A | €15,403,637 | €15,458,179 | +€54,542 | +0.4% |
| Services and other goods | 61 | €11,307,645 | €10,837,715 | -€469,931 | -4.2% |
| Remuneration, social security and pensions | 62 | €3,403,843 | €4,185,490 | +€781,646 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369,142 | €373,625 | +€4,483 | +1.2% |
| Other operating charges | 640/8 | €62 | €187 | +€125 | +202% |
| Non-recurring operating charges | 66A | €322,945 | €61,164 | -€261,781 | -81.1% |
| Operating profit (loss) | 9901 | €87,439 | €1,111,074 | +€1.0m | +1,171% |
| Financial income | 75/76B | €9,958,176 | €12,304,674 | +€2.3m | +23.6% |
| Recurring financial income | 75 | €9,958,176 | €12,304,674 | +€2.3m | +23.6% |
| Income from financial fixed assets | 750 | €8,152,076 | €10,242,500 | +€2.1m | +25.6% |
| Income from current assets | 751 | €1,805,168 | €2,058,639 | +€253,471 | +14.0% |
| Other financial income | 752/9 | €932 | €3,535 | +€2,603 | +279% |
| Financial charges | 65/66B | €7,970,126 | €5,803,530 | -€2.2m | -27.2% |
| Recurring financial charges | 65 | €1,577,026 | €73,530 | -€1.5m | -95.3% |
| Debt charges | 650 | €44,510 | €52,244 | +€7,734 | +17.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €1,500,000 | - | -€1.5m | |
| Other financial charges | 652/9 | €32,517 | €21,286 | -€11,230 | -34.5% |
| Non-recurring financial charges | 66B | €6,393,100 | €5,730,000 | -€663,100 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €2,075,489 | €7,612,218 | +€5.5m | +267% |
| Income taxes | 67/77 | €856,095 | -€710,502 | -€1.6m | |
| Taxes | 670/3 | €856,095 | - | -€856,095 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €710,502 | +€710,502 | |
| Profit (loss) for the period | 9904 | €1,219,394 | €8,322,720 | +€7.1m | +583% |
| Profit (loss) for the period to be appropriated | 9905 | €1,219,394 | €8,322,720 | +€7.1m | +583% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.