NITU: 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.
NITU
Largest movements
- Stocks and contracts -€39,880
down €39,880 (-6.6%), from €607,101 to €567,220
- Cash +€21,468
up €21,468 (+429%), from €5,002 to €26,470
mainly Short-term financial debts (+€52,019) and Stocks and contracts (+€39,880)
- Trade debts -€61,131
down €61,131 (-32.6%), from €187,715 to €126,584
- Short-term financial debts +€52,019
up €52,019 (+32.5%), from €160,000 to €212,019
- Debts after one year -€17,763
down €17,763 (-19.8%), from €89,916 to €72,153
- Profit (loss) carried forward +€7,683
up €7,683 (+5.0%), from €152,211 to €159,894
- Gross operating margin +€26,635
up €26,635 (+20.2%), from €131,821 to €158,456
- Write-downs +€20,000
up €20,000 (+100%), from €20,000 to €40,000
- Financial charges -€3,692
down €3,692 (-17.9%), from €20,579 to €16,888
of which Financial charges: -€3,692
- Taxes +€2,727
up €2,727 (+56.7%), from €4,813 to €7,539
- Financial income -€2,532
down €2,532 (-55.0%), from €4,603 to €2,071
of which Financial income: -€2,532
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 | €660,506 | €635,328 | -€25,178 | -3.8% |
| Fixed assets | 21/28 | €34,306 | €28,533 | -€5,773 | -16.8% |
| Tangible fixed assets | 22/27 | €34,306 | €28,533 | -€5,773 | -16.8% |
| Plant, machinery and equipment | 23 | - | €2,847 | +€2,847 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €10,326 | €5,009 | -€5,316 | -51.5% |
| Other tangible fixed assets | 26 | €23,980 | €20,676 | -€3,304 | -13.8% |
| Current assets | 29/58 | €626,200 | €606,795 | -€19,405 | -3.1% |
| Stocks and contracts in progress | 3 | €607,101 | €567,220 | -€39,880 | -6.6% |
| Stocks | 30/36 | €607,101 | €567,220 | -€39,880 | -6.6% |
| Amounts receivable within one year | 40/41 | €13,641 | €12,640 | -€1,002 | -7.3% |
| Trade receivables | 40 | €8,487 | €10,403 | +€1,915 | +22.6% |
| Other amounts receivable | 41 | €5,154 | €2,237 | -€2,917 | -56.6% |
| Cash at bank and in hand | 54/58 | €5,002 | €26,470 | +€21,468 | +429% |
| Deferred charges and accrued income | 490/1 | €456 | €465 | +€9 | +2.0% |
| Total equity and liabilities | 10/49 | €660,506 | €635,328 | -€25,178 | -3.8% |
| Equity | 10/15 | €172,671 | €180,354 | +€7,683 | +4.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,211 | €159,894 | +€7,683 | +5.0% |
| Amounts payable | 17/49 | €487,835 | €454,974 | -€32,861 | -6.7% |
| Amounts payable after more than one year | 17 | €89,916 | €72,153 | -€17,763 | -19.8% |
| Financial debts | 170/4 | €89,916 | €72,153 | -€17,763 | -19.8% |
| Amounts payable within one year | 42/48 | €397,918 | €382,821 | -€15,098 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €23,078 | €17,763 | -€5,315 | -23.0% |
| Financial debts | 43 | €160,000 | €212,019 | +€52,019 | +32.5% |
| Credit institutions | 430/8 | €160,000 | €212,019 | +€52,019 | +32.5% |
| Trade debts | 44 | €187,715 | €126,584 | -€61,131 | -32.6% |
| Suppliers | 440/4 | €187,715 | €126,584 | -€61,131 | -32.6% |
| Advances received on contracts in progress | 46 | €0 | €250 | +€250 | |
| Taxes, remuneration and social security | 45 | €26,017 | €25,097 | -€921 | -3.5% |
| Taxes | 450/3 | €18,461 | €17,310 | -€1,151 | -6.2% |
| Remuneration and social security | 454/9 | €7,556 | €7,787 | +€230 | +3.0% |
| Other amounts payable | 47/48 | €1,108 | €1,108 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €78,043 | €76,802 | -€1,242 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,309 | €8,668 | -€641 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,000 | €40,000 | +€20,000 | +100% |
| Other operating charges | 640/8 | €3,094 | €2,750 | -€343 | -11.1% |
| Non-recurring operating charges | 66A | €445 | €198 | -€248 | -55.6% |
| Gross operating margin | 9900 | €131,821 | €158,456 | +€26,635 | +20.2% |
| Operating profit (loss) | 9901 | €20,930 | €30,038 | +€9,108 | +43.5% |
| Financial income | 75/76B | €4,603 | €2,071 | -€2,532 | -55.0% |
| Recurring financial income | 75 | €4,603 | €2,071 | -€2,532 | -55.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €20,579 | €16,888 | -€3,692 | -17.9% |
| Recurring financial charges | 65 | €20,579 | €16,888 | -€3,692 | -17.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €4,954 | €15,222 | +€10,268 | +207% |
| Income taxes | 67/77 | €4,813 | €7,539 | +€2,727 | +56.7% |
| Profit (loss) for the period | 9904 | €142 | €7,683 | +€7,541 | +5,328% |
| Profit (loss) for the period to be appropriated | 9905 | €142 | €7,683 | +€7,541 | +5,328% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.