NUOVA ITER: 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.
NUOVA ITER
Largest movements
- Receivables within one year -€10,614
down €10,614 (-42.5%), from €24,992 to €14,379
of which Trade receivables: -€11,015
- Tangible fixed assets -€9,456
down €9,456 (-48.0%), from €19,707 to €10,251
of which Furniture and vehicles: -€6,069
- Receivables after one year -€5,000
down €5,000 (-11.8%), from €42,300 to €37,300
- Cash -€1,455
down €1,455 (-6.7%), from €21,846 to €20,391
mainly Trade debts (-€8,250) and Tax, wage and social debts (-€6,828)
- Trade debts -€8,250
down €8,250 (-70.7%), from €11,668 to €3,419
- Tax, wage and social debts -€6,828
down €6,828 (-77.2%), from €8,842 to €2,014
of which Taxes: -€6,188
- Debts after one year -€6,284
down €6,284 (-69.9%), from €8,992 to €2,708
- Current portion of long-term debt -€3,706
down €3,706 (-37.1%), from €9,990 to €6,284
- Profit (loss) carried forward -€1,319
down €1,319 (-4.4%), from €29,642 to €28,323
- Staff costs -€38,355
no longer reported in 2025 (was €38,355)
- Write-downs +€11,989
new in 2025: €11,989
- Gross operating margin -€5,132
down €5,132 (-18.1%), from €28,288 to €23,155
- Other operating charges -€2,197
down €2,197 (-74.4%), from €2,951 to €755
- Taxes +€1,349
up €1,349 (+10456.4%), from €13 to €1,362
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 | €112,195 | €85,808 | -€26,387 | -23.5% |
| Fixed assets | 21/28 | €20,004 | €10,548 | -€9,456 | -47.3% |
| Tangible fixed assets | 22/27 | €19,707 | €10,251 | -€9,456 | -48.0% |
| Plant, machinery and equipment | 23 | €11,636 | €8,249 | -€3,387 | -29.1% |
| Furniture and vehicles | 24 | €8,071 | €2,002 | -€6,069 | -75.2% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €92,191 | €75,260 | -€16,931 | -18.4% |
| Amounts receivable after more than one year | 29 | €42,300 | €37,300 | -€5,000 | -11.8% |
| Other amounts receivable | 291 | €42,300 | €37,300 | -€5,000 | -11.8% |
| Amounts receivable within one year | 40/41 | €24,992 | €14,379 | -€10,614 | -42.5% |
| Trade receivables | 40 | €14,823 | €3,808 | -€11,015 | -74.3% |
| Other amounts receivable | 41 | €10,169 | €10,571 | +€401 | +3.9% |
| Cash at bank and in hand | 54/58 | €21,846 | €20,391 | -€1,455 | -6.7% |
| Deferred charges and accrued income | 490/1 | €3,052 | €3,190 | +€138 | +4.5% |
| Total equity and liabilities | 10/49 | €112,195 | €85,808 | -€26,387 | -23.5% |
| Equity | 10/15 | €72,702 | €71,383 | -€1,319 | -1.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,060 | €40,060 | = | 0.0% |
| Distributable reserves | 133 | €40,060 | €40,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,642 | €28,323 | -€1,319 | -4.4% |
| Amounts payable | 17/49 | €39,493 | €14,424 | -€25,068 | -63.5% |
| Amounts payable after more than one year | 17 | €8,992 | €2,708 | -€6,284 | -69.9% |
| Financial debts | 170/4 | €8,992 | €2,708 | -€6,284 | -69.9% |
| Amounts payable within one year | 42/48 | €30,501 | €11,716 | -€18,784 | -61.6% |
| Current portion of amounts payable after more than one year | 42 | €9,990 | €6,284 | -€3,706 | -37.1% |
| Trade debts | 44 | €11,668 | €3,419 | -€8,250 | -70.7% |
| Suppliers | 440/4 | €11,668 | €3,419 | -€8,250 | -70.7% |
| Taxes, remuneration and social security | 45 | €8,842 | €2,014 | -€6,828 | -77.2% |
| Taxes | 450/3 | €8,202 | €2,014 | -€6,188 | -75.4% |
| Remuneration and social security | 454/9 | €640 | - | -€640 | |
| Remuneration, social security and pensions | 62 | €38,355 | - | -€38,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,589 | €9,456 | -€133 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,989 | +€11,989 | |
| Other operating charges | 640/8 | €2,951 | €755 | -€2,197 | -74.4% |
| Gross operating margin | 9900 | €28,288 | €23,155 | -€5,132 | -18.1% |
| Operating profit (loss) | 9901 | -€22,608 | €956 | +€23,563 | |
| Financial income | 75/76B | €1,117 | €1,108 | -€10 | -0.9% |
| Recurring financial income | 75 | €1,117 | €1,108 | -€10 | -0.9% |
| Financial charges | 65/66B | €1,409 | €2,061 | +€653 | +46.3% |
| Recurring financial charges | 65 | €1,409 | €2,061 | +€653 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,900 | €2 | +€22,901 | |
| Income taxes | 67/77 | €13 | €1,362 | +€1,349 | +10456.4% |
| Profit (loss) for the period | 9904 | -€22,912 | -€1,360 | +€21,552 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,912 | -€1,360 | +€21,552 | +94.1% |
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 11 October 2026 via checked.be.