NTIL: what changed
Two fiscal 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.
NTIL
Largest movements
- Cash -€24,317
down €24,317 (-71.4%), from €34,070 to €9,753
mainly Contributions, distributions and other (-€22,330) and Net result for the year (-€18,024)
- Receivables within one year -€22,890
down €22,890 (-79.4%), from €28,816 to €5,927
of which Trade receivables: -€23,248
- Stocks and contracts -€8,340
down €8,340 (-35.4%), from €23,550 to €15,210
- Tangible fixed assets -€1,994
down €1,994 (-72.3%), from €2,757 to €763
of which Plant, machinery and equipment: -€1,200
- Reserves -€22,330
down €22,330 (-36.2%), from €61,644 to €39,314
of which Distributable reserves: -€22,330
- Profit (loss) carried forward -€18,024
down €18,024 (-216.5%), from -€8,326 to -€26,351
- Trade debts -€16,789
down €16,789 (-97.9%), from €17,155 to €366
- Gross operating margin -€16,562
down €16,562, from €2,146 to -€14,416
- Other operating charges -€7,537
down €7,537 (-86.3%), from €8,734 to €1,196
- Taxes +€418
no longer reported in 2025 (was -€418)
- Financial charges +€296
up €296 (+244.6%), from €121 to €417
- Depreciation -€159
down €159 (-7.4%), from €2,154 to €1,994
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.
Cash bridge derived
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 | €89,194 | €31,930 | -€57,264 | -64.2% |
| Fixed assets | 21/28 | €2,757 | €763 | -€1,994 | -72.3% |
| Tangible fixed assets | 22/27 | €2,757 | €763 | -€1,994 | -72.3% |
| Plant, machinery and equipment | 23 | €1,963 | €763 | -€1,200 | -61.1% |
| Furniture and vehicles | 24 | €794 | - | -€794 | |
| Current assets | 29/58 | €86,437 | €31,167 | -€55,270 | -63.9% |
| Stocks and contracts in progress | 3 | €23,550 | €15,210 | -€8,340 | -35.4% |
| Stocks | 30/36 | €23,550 | €15,210 | -€8,340 | -35.4% |
| Amounts receivable within one year | 40/41 | €28,816 | €5,927 | -€22,890 | -79.4% |
| Trade receivables | 40 | €28,816 | €5,568 | -€23,248 | -80.7% |
| Other amounts receivable | 41 | - | €359 | +€359 | |
| Cash at bank and in hand | 54/58 | €34,070 | €9,753 | -€24,317 | -71.4% |
| Deferred charges and accrued income | 490/1 | - | €277 | +€277 | |
| Total equity and liabilities | 10/49 | €89,194 | €31,930 | -€57,264 | -64.2% |
| Equity | 10/15 | €71,918 | €31,564 | -€40,354 | -56.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,644 | €39,314 | -€22,330 | -36.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,784 | €37,454 | -€22,330 | -37.4% |
| Profit (loss) carried forward | 14 | -€8,326 | -€26,351 | -€18,024 | -216.5% |
| Amounts payable | 17/49 | €17,276 | €366 | -€16,910 | -97.9% |
| Amounts payable within one year | 42/48 | €17,276 | €366 | -€16,910 | -97.9% |
| Trade debts | 44 | €17,155 | €366 | -€16,789 | -97.9% |
| Suppliers | 440/4 | €17,155 | €366 | -€16,789 | -97.9% |
| Taxes, remuneration and social security | 45 | €121 | - | -€121 | |
| Taxes | 450/3 | €121 | - | -€121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,154 | €1,994 | -€159 | -7.4% |
| Other operating charges | 640/8 | €8,734 | €1,196 | -€7,537 | -86.3% |
| Gross operating margin | 9900 | €2,146 | -€14,416 | -€16,562 | |
| Operating profit (loss) | 9901 | -€8,742 | -€17,607 | -€8,865 | -101.4% |
| Financial income | 75/76B | €118 | - | -€118 | |
| Recurring financial income | 75 | €118 | - | -€118 | |
| Financial charges | 65/66B | €121 | €417 | +€296 | +244.6% |
| Recurring financial charges | 65 | €121 | €417 | +€296 | +244.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,744 | -€18,024 | -€9,280 | -106.1% |
| Income taxes | 67/77 | -€418 | - | +€418 | |
| Profit (loss) for the period | 9904 | -€8,326 | -€18,024 | -€9,698 | -116.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,326 | -€18,024 | -€9,698 | -116.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.