Nutal-Dinant: 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.
Nutal-Dinant
Largest movements
- Cash +€54,729
up €54,729 (+105%), from €52,321 to €107,050
mainly Net result for the year (+€65,851) and Current investments (+€20,000)
- Stocks and contracts +€39,339
up €39,339 (+6.8%), from €578,047 to €617,386
- Current investments -€20,000
down €20,000 (-7.4%), from €270,000 to €250,000
- Receivables within one year -€16,439
down €16,439 (-23.6%), from €69,708 to €53,270
- Profit (loss) carried forward +€65,851
up €65,851 (+17.4%), from €378,294 to €444,145
- Gross operating margin -€17,635
down €17,635 (-7.9%), from €223,231 to €205,596
- Taxes -€13,873
down €13,873 (-40.6%), from €34,165 to €20,292
- Other operating charges -€4,798
down €4,798 (-46.8%), from €10,263 to €5,465
- Financial income -€2,460
down €2,460 (-27.7%), from €8,884 to €6,424
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €992,981 | €1,048,091 | +€55,110 | +5.5% |
| Fixed assets | 21/28 | €22,905 | €19,209 | -€3,696 | -16.1% |
| Tangible fixed assets | 22/27 | €22,905 | €19,209 | -€3,696 | -16.1% |
| Land and buildings | 22 | €16,510 | €16,510 | -€0 | 0.0% |
| Plant, machinery and equipment | 23 | €1,782 | €1,337 | -€445 | -25.0% |
| Furniture and vehicles | 24 | €4,613 | €1,363 | -€3,250 | -70.5% |
| Current assets | 29/58 | €970,076 | €1,028,881 | +€58,805 | +6.1% |
| Stocks and contracts in progress | 3 | €578,047 | €617,386 | +€39,339 | +6.8% |
| Stocks | 30/36 | €578,047 | €617,386 | +€39,339 | +6.8% |
| Amounts receivable within one year | 40/41 | €69,708 | €53,270 | -€16,439 | -23.6% |
| Trade receivables | 40 | €69,708 | €53,270 | -€16,439 | -23.6% |
| Current investments | 50/53 | €270,000 | €250,000 | -€20,000 | -7.4% |
| Cash at bank and in hand | 54/58 | €52,321 | €107,050 | +€54,729 | +105% |
| Deferred charges and accrued income | 490/1 | - | €1,176 | +€1,176 | |
| Total equity and liabilities | 10/49 | €992,981 | €1,048,091 | +€55,110 | +5.5% |
| Equity | 10/15 | €856,708 | €922,559 | +€65,851 | +7.7% |
| Contributions | 10/11 | €223,104 | €223,104 | +€0 | 0.0% |
| Capital | 10 | €223,104 | €223,104 | +€0 | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | +€0 | 0.0% |
| Reserves | 13 | €255,310 | €255,310 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | +€0 | 0.0% |
| Legal reserve | 130 | €22,310 | €22,310 | +€0 | 0.0% |
| Distributable reserves | 133 | €233,000 | €233,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €378,294 | €444,145 | +€65,851 | +17.4% |
| Amounts payable | 17/49 | €136,273 | €125,531 | -€10,742 | -7.9% |
| Amounts payable within one year | 42/48 | €136,273 | €125,531 | -€10,742 | -7.9% |
| Trade debts | 44 | €102,934 | €94,183 | -€8,751 | -8.5% |
| Suppliers | 440/4 | €102,934 | €94,183 | -€8,751 | -8.5% |
| Taxes, remuneration and social security | 45 | €33,339 | €31,348 | -€1,991 | -6.0% |
| Taxes | 450/3 | €11,300 | €9,115 | -€2,185 | -19.3% |
| Remuneration and social security | 454/9 | €22,039 | €22,233 | +€194 | +0.9% |
| Remuneration, social security and pensions | 62 | €113,906 | €115,775 | +€1,869 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,697 | €3,696 | -€1 | 0.0% |
| Other operating charges | 640/8 | €10,263 | €5,465 | -€4,798 | -46.8% |
| Gross operating margin | 9900 | €223,231 | €205,596 | -€17,635 | -7.9% |
| Operating profit (loss) | 9901 | €95,365 | €80,659 | -€14,706 | -15.4% |
| Financial income | 75/76B | €8,884 | €6,424 | -€2,460 | -27.7% |
| Recurring financial income | 75 | €8,884 | €6,424 | -€2,460 | -27.7% |
| Financial charges | 65/66B | €542 | €941 | +€399 | +73.6% |
| Recurring financial charges | 65 | €542 | €941 | +€399 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €103,707 | €86,142 | -€17,565 | -16.9% |
| Income taxes | 67/77 | €34,165 | €20,292 | -€13,873 | -40.6% |
| Profit (loss) for the period | 9904 | €69,542 | €65,851 | -€3,691 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,542 | €65,851 | -€3,691 | -5.3% |
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 15 October 2026 via checked.be.