NITZ: 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.
NITZ
Largest movements
- Stocks and contracts -€63,552
down €63,552 (-23.3%), from €272,500 to €208,948
- Receivables within one year +€49,039
up €49,039 (+30.9%), from €158,460 to €207,499
of which Other amounts receivable: +€47,318
- Cash -€12,606
down €12,606 (-80.6%), from €15,649 to €3,042
mainly Receivables within one year (-€49,039) and Trade debts (-€48,491)
- Trade debts -€48,491
down €48,491 (-36.3%), from €133,720 to €85,229
- Tax, wage and social debts +€13,728
up €13,728 (+19.6%), from €70,047 to €83,775
- Gross operating margin -€7,966
down €7,966 (-14.8%), from €53,772 to €45,806
- Financial income +€2,510
up €2,510 (+112%), from €2,237 to €4,747
- Financial charges -€1,553
down €1,553 (-16.0%), from €9,691 to €8,138
- Write-downs -€1,500
down €1,500 (-4.8%), from €31,500 to €30,000
- Other operating charges -€1,405
down €1,405 (-27.7%), from €5,076 to €3,671
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,659 | €437,343 | -€29,316 | -6.3% |
| Fixed assets | 21/28 | €18,476 | €16,395 | -€2,081 | -11.3% |
| Tangible fixed assets | 22/27 | €17,928 | €15,847 | -€2,081 | -11.6% |
| Furniture and vehicles | 24 | €7,372 | €7,402 | +€30 | +0.4% |
| Other tangible fixed assets | 26 | €10,556 | €8,445 | -€2,111 | -20.0% |
| Financial fixed assets | 28 | €548 | €548 | = | 0.0% |
| Current assets | 29/58 | €448,182 | €420,948 | -€27,235 | -6.1% |
| Stocks and contracts in progress | 3 | €272,500 | €208,948 | -€63,552 | -23.3% |
| Stocks | 30/36 | €272,500 | €208,948 | -€63,552 | -23.3% |
| Amounts receivable within one year | 40/41 | €158,460 | €207,499 | +€49,039 | +30.9% |
| Trade receivables | 40 | €103,422 | €105,142 | +€1,721 | +1.7% |
| Other amounts receivable | 41 | €55,039 | €102,357 | +€47,318 | +86.0% |
| Cash at bank and in hand | 54/58 | €15,649 | €3,042 | -€12,606 | -80.6% |
| Deferred charges and accrued income | 490/1 | €1,573 | €1,458 | -€115 | -7.3% |
| Total equity and liabilities | 10/49 | €466,659 | €437,343 | -€29,316 | -6.3% |
| Equity | 10/15 | €126,560 | €126,765 | +€205 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,109 | €106,314 | +€205 | +0.2% |
| Amounts payable | 17/49 | €340,098 | €310,578 | -€29,521 | -8.7% |
| Amounts payable within one year | 42/48 | €340,098 | €306,278 | -€33,821 | -9.9% |
| Financial debts | 43 | €19,896 | €20,839 | +€943 | +4.7% |
| Credit institutions | 430/8 | €19,896 | €20,839 | +€943 | +4.7% |
| Trade debts | 44 | €133,720 | €85,229 | -€48,491 | -36.3% |
| Suppliers | 440/4 | €133,720 | €85,229 | -€48,491 | -36.3% |
| Advances received on contracts in progress | 46 | €116,436 | €116,436 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €70,047 | €83,775 | +€13,728 | +19.6% |
| Taxes | 450/3 | €70,047 | €83,775 | +€13,728 | +19.6% |
| Accrued charges and deferred income | 492/3 | - | €4,300 | +€4,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,088 | €4,230 | +€142 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,500 | €30,000 | -€1,500 | -4.8% |
| Other operating charges | 640/8 | €5,076 | €3,671 | -€1,405 | -27.7% |
| Gross operating margin | 9900 | €53,772 | €45,806 | -€7,966 | -14.8% |
| Operating profit (loss) | 9901 | €13,108 | €7,906 | -€5,203 | -39.7% |
| Financial income | 75/76B | €2,237 | €4,747 | +€2,510 | +112% |
| Recurring financial income | 75 | €2,237 | €4,747 | +€2,510 | +112% |
| Financial charges | 65/66B | €9,691 | €8,138 | -€1,553 | -16.0% |
| Recurring financial charges | 65 | €9,691 | €8,138 | -€1,553 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €5,654 | €4,515 | -€1,139 | -20.2% |
| Income taxes | 67/77 | €4,399 | €4,310 | -€89 | -2.0% |
| Profit (loss) for the period | 9904 | €1,256 | €205 | -€1,051 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,256 | €205 | -€1,051 | -83.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.