Nutri-Ethic: 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.
Nutri-Ethic
Largest movements
- Stocks and contracts +€149,764
up €149,764 (+194%), from €77,375 to €227,139
- Cash +€40,670
up €40,670 (+154%), from €26,461 to €67,130
mainly Trade debts (+€166,680) and Receivables within one year (+€23,592)
- Receivables within one year -€23,592
down €23,592 (-38.7%), from €60,890 to €37,298
of which Trade receivables: -€31,438
- Trade debts +€166,680
up €166,680 (+240%), from €69,339 to €236,019
- Short-term financial debts +€5,877
new in 2025: €5,877
- Tax, wage and social debts -€5,648
down €5,648 (-73.6%), from €7,672 to €2,024
of which Taxes: -€3,075
- Staff costs -€14,621
down €14,621 (-100%), from €14,621 to €0
- Gross operating margin -€8,204
down €8,204 (-42.6%), from €19,238 to €11,034
- Other operating charges +€2,128
up €2,128 (+549%), from €387 to €2,515
- Financial charges +€1,901
up €1,901 (+645%), from €295 to €2,196
- Financial income -€1,597
down €1,597 (-85.7%), from €1,862 to €266
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 | €171,421 | €337,135 | +€165,714 | +96.7% |
| Fixed assets | 21/28 | €5,991 | €2,771 | -€3,221 | -53.8% |
| Tangible fixed assets | 22/27 | €4,046 | €2,771 | -€1,276 | -31.5% |
| Furniture and vehicles | 24 | €4,046 | €2,771 | -€1,276 | -31.5% |
| Financial fixed assets | 28 | €1,945 | €0 | -€1,945 | -100% |
| Current assets | 29/58 | €165,430 | €334,364 | +€168,935 | +102% |
| Stocks and contracts in progress | 3 | €77,375 | €227,139 | +€149,764 | +194% |
| Stocks | 30/36 | €77,375 | €227,139 | +€149,764 | +194% |
| Amounts receivable within one year | 40/41 | €60,890 | €37,298 | -€23,592 | -38.7% |
| Trade receivables | 40 | €55,282 | €23,844 | -€31,438 | -56.9% |
| Other amounts receivable | 41 | €5,608 | €13,453 | +€7,846 | +140% |
| Cash at bank and in hand | 54/58 | €26,461 | €67,130 | +€40,670 | +154% |
| Deferred charges and accrued income | 490/1 | €704 | €2,797 | +€2,093 | +297% |
| Total equity and liabilities | 10/49 | €171,421 | €337,135 | +€165,714 | +96.7% |
| Equity | 10/15 | €91,530 | €92,110 | +€580 | +0.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €9,527 | €9,556 | +€29 | +0.3% |
| Non-distributable reserves | 130/1 | €105 | €134 | +€29 | +27.5% |
| Legal reserve | 130 | €105 | €134 | +€29 | +27.5% |
| Distributable reserves | 133 | €9,421 | €9,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,003 | €2,554 | +€551 | +27.5% |
| Amounts payable | 17/49 | €79,891 | €245,025 | +€165,134 | +207% |
| Amounts payable within one year | 42/48 | €79,891 | €245,025 | +€165,134 | +207% |
| Financial debts | 43 | - | €5,877 | +€5,877 | |
| Credit institutions | 430/8 | - | €5,877 | +€5,877 | |
| Trade debts | 44 | €69,339 | €236,019 | +€166,680 | +240% |
| Suppliers | 440/4 | €69,339 | €236,019 | +€166,680 | +240% |
| Taxes, remuneration and social security | 45 | €7,672 | €2,024 | -€5,648 | -73.6% |
| Taxes | 450/3 | €5,099 | €2,024 | -€3,075 | -60.3% |
| Remuneration and social security | 454/9 | €2,573 | €0 | -€2,573 | -100% |
| Other amounts payable | 47/48 | €2,880 | €1,105 | -€1,775 | -61.6% |
| Remuneration, social security and pensions | 62 | €14,621 | €0 | -€14,621 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,764 | €1,276 | -€489 | -27.7% |
| Other operating charges | 640/8 | €387 | €2,515 | +€2,128 | +549% |
| Non-recurring operating charges | 66A | - | €1,809 | +€1,809 | |
| Gross operating margin | 9900 | €19,238 | €11,034 | -€8,204 | -42.6% |
| Operating profit (loss) | 9901 | €2,465 | €5,434 | +€2,969 | +120% |
| Financial income | 75/76B | €1,862 | €266 | -€1,597 | -85.7% |
| Recurring financial income | 75 | €1,862 | €266 | -€1,597 | -85.7% |
| Financial charges | 65/66B | €295 | €2,196 | +€1,901 | +645% |
| Recurring financial charges | 65 | €295 | €2,196 | +€1,901 | +645% |
| Profit (loss) for the period before taxes | 9903 | €4,032 | €3,504 | -€528 | -13.1% |
| Income taxes | 67/77 | €1,923 | €2,924 | +€1,000 | +52.0% |
| Profit (loss) for the period | 9904 | €2,109 | €580 | -€1,528 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,109 | €580 | -€1,528 | -72.5% |
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 13 October 2026 via checked.be.