Nutenco: 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.
Nutenco
Largest movements
- Cash +€101,106
up €101,106 (+62.8%), from €160,982 to €262,088
mainly Net result for the year (+€144,019) and Current investments (+€70,000)
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Receivables within one year -€28,674
down €28,674 (-49.4%), from €58,100 to €29,426
of which Trade receivables: -€28,291
- Deferred charges and accrued income +€4,595
up €4,595 (+128%), from €3,602 to €8,197
- Reserves -€32,650
down €32,650 (-30.4%), from €107,410 to €74,760
of which Distributable reserves: -€32,650
- Other debts +€28,017
up €28,017 (+21.7%), from €129,300 to €157,316
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Tax, wage and social debts +€4,307
up €4,307 (+11.6%), from €37,135 to €41,442
of which Taxes: +€7,606
- Gross operating margin +€43,193
up €43,193 (+30.2%), from €142,974 to €186,167
- Taxes +€11,483
up €11,483 (+37.1%), from €30,948 to €42,431
- Financial income +€2,833
up €2,833 (+524%), from €540 to €3,374
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 | €294,525 | €303,430 | +€8,905 | +3.0% |
| Fixed assets | 21/28 | €1,840 | €3,719 | +€1,879 | +102% |
| Tangible fixed assets | 22/27 | €1,840 | €3,719 | +€1,879 | +102% |
| Plant, machinery and equipment | 23 | €1,400 | - | -€1,400 | |
| Furniture and vehicles | 24 | €440 | €3,719 | +€3,279 | +745% |
| Current assets | 29/58 | €292,685 | €299,711 | +€7,026 | +2.4% |
| Amounts receivable within one year | 40/41 | €58,100 | €29,426 | -€28,674 | -49.4% |
| Trade receivables | 40 | €57,717 | €29,426 | -€28,291 | -49.0% |
| Other amounts receivable | 41 | €383 | - | -€383 | |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €160,982 | €262,088 | +€101,106 | +62.8% |
| Deferred charges and accrued income | 490/1 | €3,602 | €8,197 | +€4,595 | +128% |
| Total equity and liabilities | 10/49 | €294,525 | €303,430 | +€8,905 | +3.0% |
| Equity | 10/15 | €114,620 | €94,389 | -€20,231 | -17.7% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €107,410 | €74,760 | -€32,650 | -30.4% |
| 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 | €105,550 | €72,900 | -€32,650 | -30.9% |
| Profit (loss) carried forward | 14 | €1,010 | €1,029 | +€19 | +1.9% |
| Amounts payable | 17/49 | €179,905 | €209,042 | +€29,136 | +16.2% |
| Amounts payable within one year | 42/48 | €178,584 | €208,092 | +€29,508 | +16.5% |
| Trade debts | 44 | €12,149 | €9,333 | -€2,816 | -23.2% |
| Suppliers | 440/4 | €12,149 | €9,333 | -€2,816 | -23.2% |
| Taxes, remuneration and social security | 45 | €37,135 | €41,442 | +€4,307 | +11.6% |
| Taxes | 450/3 | €33,836 | €41,442 | +€7,606 | +22.5% |
| Remuneration and social security | 454/9 | €3,299 | - | -€3,299 | |
| Other amounts payable | 47/48 | €129,300 | €157,316 | +€28,017 | +21.7% |
| Accrued charges and deferred income | 492/3 | €1,322 | €950 | -€372 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,145 | €2,071 | -€1,075 | -34.2% |
| Other operating charges | 640/8 | €934 | €877 | -€56 | -6.0% |
| Gross operating margin | 9900 | €142,974 | €186,167 | +€43,193 | +30.2% |
| Operating profit (loss) | 9901 | €138,895 | €183,219 | +€44,324 | +31.9% |
| Financial income | 75/76B | €540 | €3,374 | +€2,833 | +524% |
| Recurring financial income | 75 | €540 | €3,374 | +€2,833 | +524% |
| Financial charges | 65/66B | €117 | €143 | +€26 | +21.9% |
| Recurring financial charges | 65 | €117 | €143 | +€26 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €139,318 | €186,450 | +€47,132 | +33.8% |
| Income taxes | 67/77 | €30,948 | €42,431 | +€11,483 | +37.1% |
| Profit (loss) for the period | 9904 | €108,370 | €144,019 | +€35,649 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €108,370 | €144,019 | +€35,649 | +32.9% |
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 26 October 2026 via checked.be.