NTH CONTRACTORS: 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.
NTH CONTRACTORS
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+332%), from €449,555 to €1.9m
of which Trade receivables: +€1.5m
- Tangible fixed assets +€85,159
up €85,159 (+152%), from €55,878 to €141,037
of which Furniture and vehicles: +€92,759
- Cash +€44,959
up €44,959 (+2,445%), from €1,839 to €46,799
mainly Trade debts (+€1.7m) and Tax, wage and social debts (+€42,184)
- Trade debts +€1.7m
up €1.7m (+1,122%), from €153,672 to €1.9m
- Profit (loss) carried forward -€145,977
down €145,977 (-74.4%), from €196,209 to €50,232
- Tax, wage and social debts +€42,184
up €42,184 (+275%), from €15,340 to €57,523
of which Taxes: +€33,089
- Turnover -€1.4m
no longer reported in 2024 (was €1.4m)
- Purchases and services -€1.3m
no longer reported in 2024 (was €1.3m)
- Taxes +€150,277
up €150,277 (+1,888%), from €7,959 to €158,236
- Staff costs +€87,733
up €87,733 (+111%), from €79,227 to €166,961
- Gross operating margin +€83,588
up €83,588 (+69.8%), from €119,770 to €203,358
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 | €507,421 | €2,128,074 | +€1.6m | +319% |
| Fixed assets | 21/28 | €56,028 | €141,187 | +€85,159 | +152% |
| Tangible fixed assets | 22/27 | €55,878 | €141,037 | +€85,159 | +152% |
| Plant, machinery and equipment | 23 | €48,400 | €40,800 | -€7,600 | -15.7% |
| Furniture and vehicles | 24 | €7,477 | €100,237 | +€92,759 | +1,241% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €451,394 | €1,986,887 | +€1.5m | +340% |
| Amounts receivable within one year | 40/41 | €449,555 | €1,940,089 | +€1.5m | +332% |
| Trade receivables | 40 | €219,725 | €1,673,197 | +€1.5m | +661% |
| Other amounts receivable | 41 | €229,830 | €266,892 | +€37,062 | +16.1% |
| Cash at bank and in hand | 54/58 | €1,839 | €46,799 | +€44,959 | +2,445% |
| Total equity and liabilities | 10/49 | €507,421 | €2,128,074 | +€1.6m | +319% |
| Equity | 10/15 | €338,409 | €192,432 | -€145,977 | -43.1% |
| Contributions | 10/11 | €122,200 | €122,200 | = | 0.0% |
| Capital | 10 | €122,200 | €122,200 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Uncalled capital | 101 | €27,800 | €27,800 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,209 | €50,232 | -€145,977 | -74.4% |
| Amounts payable | 17/49 | €169,012 | €1,935,642 | +€1.8m | +1,045% |
| Amounts payable within one year | 42/48 | €169,012 | €1,935,642 | +€1.8m | +1,045% |
| Trade debts | 44 | €153,672 | €1,878,119 | +€1.7m | +1,122% |
| Suppliers | 440/4 | €153,672 | €1,878,119 | +€1.7m | +1,122% |
| Taxes, remuneration and social security | 45 | €15,340 | €57,523 | +€42,184 | +275% |
| Taxes | 450/3 | €8,619 | €41,708 | +€33,089 | +384% |
| Remuneration and social security | 454/9 | €6,721 | €15,815 | +€9,094 | +135% |
| Turnover | 70 | €1,363,354 | - | -€1.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,262,804 | - | -€1.3m | |
| Remuneration, social security and pensions | 62 | €79,227 | €166,961 | +€87,733 | +111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,849 | €29,170 | +€17,321 | +146% |
| Other operating charges | 640/8 | €3,510 | €6,221 | +€2,711 | +77.2% |
| Gross operating margin | 9900 | €119,770 | €203,358 | +€83,588 | +69.8% |
| Operating profit (loss) | 9901 | €25,184 | €1,006 | -€24,178 | -96.0% |
| Financial income | 75/76B | €12 | €14,428 | +€14,416 | +117,587% |
| Recurring financial income | 75 | €12 | €14,428 | +€14,416 | +117,587% |
| Financial charges | 65/66B | €3,065 | €3,176 | +€111 | +3.6% |
| Recurring financial charges | 65 | €3,065 | €3,176 | +€111 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €22,131 | €12,259 | -€9,872 | -44.6% |
| Income taxes | 67/77 | €7,959 | €158,236 | +€150,277 | +1,888% |
| Profit (loss) for the period | 9904 | €14,172 | -€145,977 | -€160,149 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,172 | -€145,977 | -€160,149 |
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 30 October 2026 via checked.be.