NTER: 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
NTER
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€239,197
2024 · €9,500-€248,697
Equity
€768,315
2024 · €1.0m-€239,197
Cash
€22,394
2024 · €119,045-€96,650
Balance sheet total
€2.0m
2024 · €1.8m+€239,274
Largest movements
Assets
- Tangible fixed assets +€279,222
up €279,222 (+51.7%), from €540,016 to €819,239
of which Other tangible fixed assets: +€513,133
- Receivables within one year +€119,026
up €119,026 (+16.9%), from €705,177 to €824,203
of which Other amounts receivable: +€216,880
- Cash -€96,650
down €96,650 (-81.2%), from €119,045 to €22,394
mainly Investment in fixed assets (net) (-€395,657) and Net result for the year (-€239,197)
- Receivables after one year -€66,205
down €66,205 (-31.1%), from €213,178 to €146,973
of which Other amounts receivable: -€48,205
Equity and liabilities
- Debts after one year +€318,531
up €318,531 (+286%), from €111,499 to €430,030
of which Financial debts: +€287,627
- Profit (loss) carried forward -€239,197
down €239,197, from €114,705 to -€124,492
- Advances received +€143,693
up €143,693 (+93.8%), from €153,198 to €296,891
- Trade debts -€43,344
down €43,344 (-14.2%), from €305,961 to €262,617
- Accrued charges and deferred income +€35,632
up €35,632 (+2,955%), from €1,206 to €36,838
Income statement
- Turnover -€656,353
down €656,353 (-24.7%), from €2.7m to €2.0m
- Goods and materials -€234,403
down €234,403 (-21.5%), from €1.1m to €855,643
of which Purchases: -€215,551
- Staff costs -€60,788
down €60,788 (-5.3%), from €1.1m to €1.1m
- Depreciation +€27,263
up €27,263 (+30.5%), from €89,481 to €116,745
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.
Result 2024
€9,500
Turnover
-€656,353
Other operating income
+€13,076
Goods and materials
+€234,403
Services and other goods
+€1,527
Staff costs
+€60,788
Depreciation
-€27,263
Provisions
-€5,000
Other operating charges
+€1,353
Other operating items
+€139,723
Financial income
+€2,644
Financial charges
-€21,156
Taxes
+€7,561
Result 2025
-€239,197
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€50,575
Investment
-€395,657
Financing
+€349,582
Cash 2024
€119,045
From operations (derived)
-€50,575
Net result for the year
-€239,197
Depreciation
+€116,745
Receivables after one year
+€66,205
Stocks and contracts
-€2,654
Receivables within one year
-€119,026
Deferred charges and accrued income
-€1,538
Provisions
-€4,500
Trade debts
-€43,344
Tax, wage and social debts
+€23,758
Advances received
+€143,693
Other debts
-€26,349
Accrued charges and deferred income
+€35,632
Investment (derived)
-€395,657
Investment in fixed assets (net)
-€395,657
Financing
+€349,582
Debts after one year
+€318,531
Current portion of long-term debt
+€31,051
Cash 2025
€22,394
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,765,681 | €2,004,955 | +€239,274 | +13.6% |
| Fixed assets | 21/28 | €546,925 | €825,837 | +€278,912 | +51.0% |
| Intangible fixed assets | 21 | €6,908 | €6,598 | -€310 | -4.5% |
| Tangible fixed assets | 22/27 | €540,016 | €819,239 | +€279,222 | +51.7% |
| Plant, machinery and equipment | 23 | €25,277 | €32,292 | +€7,015 | +27.8% |
| Furniture and vehicles | 24 | €87,195 | €66,584 | -€20,610 | -23.6% |
| Leasing and similar rights | 25 | €49,677 | €19,751 | -€29,927 | -60.2% |
| Other tangible fixed assets | 26 | €187,479 | €700,612 | +€513,133 | +274% |
| Assets under construction and advance payments | 27 | €190,389 | €0 | -€190,389 | -100% |
| Current assets | 29/58 | €1,218,756 | €1,179,118 | -€39,638 | -3.3% |
| Amounts receivable after more than one year | 29 | €213,178 | €146,973 | -€66,205 | -31.1% |
| Trade receivables | 290 | €96,954 | €78,954 | -€18,000 | -18.6% |
| Other amounts receivable | 291 | €116,224 | €68,019 | -€48,205 | -41.5% |
| Stocks and contracts in progress | 3 | €153,324 | €155,977 | +€2,654 | +1.7% |
| Stocks | 30/36 | €134,052 | €136,431 | +€2,379 | +1.8% |
| Raw materials and consumables | 30/31 | €134,052 | €136,431 | +€2,379 | +1.8% |
| Contracts in progress | 37 | €19,271 | €19,546 | +€275 | +1.4% |
| Amounts receivable within one year | 40/41 | €705,177 | €824,203 | +€119,026 | +16.9% |
| Trade receivables | 40 | €672,996 | €575,141 | -€97,854 | -14.5% |
| Other amounts receivable | 41 | €32,181 | €249,061 | +€216,880 | +674% |
| Cash at bank and in hand | 54/58 | €119,045 | €22,394 | -€96,650 | -81.2% |
| Deferred charges and accrued income | 490/1 | €28,033 | €29,571 | +€1,538 | +5.5% |
| Total equity and liabilities | 10/49 | €1,765,681 | €2,004,955 | +€239,274 | +13.6% |
| Equity | 10/15 | €1,007,512 | €768,315 | -€239,197 | -23.7% |
| Contributions | 10/11 | €857,300 | €857,300 | = | 0.0% |
| Reserves | 13 | €35,507 | €35,507 | = | 0.0% |
| Distributable reserves | 133 | €35,507 | €35,507 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,705 | -€124,492 | -€239,197 | |
| Provisions and deferred taxes | 16 | €8,500 | €4,000 | -€4,500 | -52.9% |
| Provisions for liabilities and charges | 160/5 | €8,500 | €4,000 | -€4,500 | -52.9% |
| Other liabilities and charges | 164/5 | €8,500 | €4,000 | -€4,500 | -52.9% |
| Amounts payable | 17/49 | €749,668 | €1,232,639 | +€482,971 | +64.4% |
| Amounts payable after more than one year | 17 | €111,499 | €430,030 | +€318,531 | +286% |
| Financial debts | 170/4 | €111,499 | €399,126 | +€287,627 | +258% |
| Leasing and similar obligations | 172 | €21,801 | €14,991 | -€6,810 | -31.2% |
| Credit institutions | 173 | €89,697 | €384,134 | +€294,437 | +328% |
| Other amounts payable | 178/9 | €0 | €30,904 | +€30,904 | |
| Amounts payable within one year | 42/48 | €636,964 | €765,772 | +€128,809 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €25,349 | €56,400 | +€31,051 | +122% |
| Trade debts | 44 | €305,961 | €262,617 | -€43,344 | -14.2% |
| Suppliers | 440/4 | €305,961 | €262,617 | -€43,344 | -14.2% |
| Advances received on contracts in progress | 46 | €153,198 | €296,891 | +€143,693 | +93.8% |
| Taxes, remuneration and social security | 45 | €121,368 | €145,125 | +€23,758 | +19.6% |
| Taxes | 450/3 | €13,086 | €14,112 | +€1,026 | +7.8% |
| Remuneration and social security | 454/9 | €108,282 | €131,013 | +€22,731 | +21.0% |
| Other amounts payable | 47/48 | €31,088 | €4,738 | -€26,349 | -84.8% |
| Accrued charges and deferred income | 492/3 | €1,206 | €36,838 | +€35,632 | +2,955% |
| Operating income | 70/76A | €2,767,296 | €2,259,009 | -€508,287 | -18.4% |
| Turnover | 70 | €2,662,296 | €2,005,943 | -€656,353 | -24.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€23,138 | €275 | +€23,412 | |
| Own construction capitalised | 72 | €87,855 | €91,053 | +€3,198 | +3.6% |
| Other operating income | 74 | €39,883 | €52,959 | +€13,076 | +32.8% |
| Non-recurring operating income | 76A | €400 | €108,779 | +€108,379 | +27,095% |
| Operating charges | 60/66A | €2,751,302 | €2,480,761 | -€270,541 | -9.8% |
| Goods for resale, raw materials and consumables | 60 | €1,090,045 | €855,643 | -€234,403 | -21.5% |
| Purchases | 600/8 | €1,073,573 | €858,021 | -€215,551 | -20.1% |
| Change in stocks: decrease (increase) | 609 | €16,473 | -€2,379 | -€18,851 | |
| Services and other goods | 61 | €421,818 | €420,291 | -€1,527 | -0.4% |
| Remuneration, social security and pensions | 62 | €1,149,926 | €1,089,138 | -€60,788 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,481 | €116,745 | +€27,263 | +30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,500 | -€4,500 | +€5,000 | +52.6% |
| Other operating charges | 640/8 | €4,799 | €3,445 | -€1,353 | -28.2% |
| Non-recurring operating charges | 66A | €4,733 | €0 | -€4,733 | -100% |
| Operating profit (loss) | 9901 | €15,994 | -€221,752 | -€237,746 | |
| Financial income | 75/76B | €8,823 | €11,467 | +€2,644 | +30.0% |
| Recurring financial income | 75 | €8,823 | €11,467 | +€2,644 | +30.0% |
| Income from financial fixed assets | 750 | €4,494 | €0 | -€4,494 | -100% |
| Income from current assets | 751 | €713 | €10,274 | +€9,562 | +1,342% |
| Other financial income | 752/9 | €3,616 | €1,193 | -€2,423 | -67.0% |
| Financial charges | 65/66B | €7,100 | €28,256 | +€21,156 | +298% |
| Recurring financial charges | 65 | €7,100 | €28,256 | +€21,156 | +298% |
| Debt charges | 650 | €5,279 | €17,890 | +€12,612 | +239% |
| Other financial charges | 652/9 | €1,821 | €10,366 | +€8,545 | +469% |
| Profit (loss) for the period before taxes | 9903 | €17,717 | -€238,541 | -€256,258 | |
| Income taxes | 67/77 | €8,217 | €656 | -€7,561 | -92.0% |
| Taxes | 670/3 | €8,217 | €1,001 | -€7,216 | -87.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €345 | +€345 | |
| Profit (loss) for the period | 9904 | €9,500 | -€239,197 | -€248,697 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,500 | -€239,197 | -€248,697 |
Source: filed annual accounts (NBB), financial years ended 29 June 2024 and 29 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.