NutriMax: 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.
NutriMax
Largest movements
- Current investments -€142,107
down €142,107 (-34.2%), from €415,049 to €272,942
- Tangible fixed assets +€57,113
up €57,113 (+3.7%), from €1.6m to €1.6m
of which Land and buildings: +€68,780
- Cash +€50,798
up €50,798 (+73.8%), from €68,812 to €119,610
mainly Other debts (+€281,636) and Net result for the year (+€159,435)
- Receivables within one year +€41,148
up €41,148 (+61.7%), from €66,667 to €107,815
of which Trade receivables: +€43,329
- Financial fixed assets +€26,125
up €26,125 (+47.9%), from €54,500 to €80,625
- Reserves -€292,042
down €292,042 (-36.2%), from €807,123 to €515,081
of which Distributable reserves: -€292,042
- Other debts +€281,636
up €281,636 (+162.4%), from €173,386 to €455,022
- Gross operating margin +€37,528
up €37,528 (+13.8%), from €271,254 to €308,782
- Financial income +€14,507
up €14,507 (+165.8%), from €8,749 to €23,256
- Depreciation +€11,071
up €11,071 (+18.0%), from €61,386 to €72,457
- Taxes +€8,753
up €8,753 (+15.6%), from €56,275 to €65,028
- Financial charges +€4,682
up €4,682 (+18.0%), from €26,069 to €30,751
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 | €2,182,158 | €2,203,519 | +€21,361 | +1.0% |
| Fixed assets | 21/28 | €1,616,662 | €1,699,900 | +€83,238 | +5.1% |
| Tangible fixed assets | 22/27 | €1,562,162 | €1,619,275 | +€57,113 | +3.7% |
| Land and buildings | 22 | €1,478,564 | €1,547,344 | +€68,780 | +4.7% |
| Plant, machinery and equipment | 23 | €6,117 | €16,649 | +€10,532 | +172.2% |
| Furniture and vehicles | 24 | €67,490 | €48,710 | -€18,780 | -27.8% |
| Other tangible fixed assets | 26 | €9,990 | €6,571 | -€3,419 | -34.2% |
| Financial fixed assets | 28 | €54,500 | €80,625 | +€26,125 | +47.9% |
| Current assets | 29/58 | €565,496 | €503,619 | -€61,877 | -10.9% |
| Amounts receivable within one year | 40/41 | €66,667 | €107,815 | +€41,148 | +61.7% |
| Trade receivables | 40 | €62,988 | €106,317 | +€43,329 | +68.8% |
| Other amounts receivable | 41 | €3,679 | €1,499 | -€2,181 | -59.3% |
| Current investments | 50/53 | €415,049 | €272,942 | -€142,107 | -34.2% |
| Cash at bank and in hand | 54/58 | €68,812 | €119,610 | +€50,798 | +73.8% |
| Deferred charges and accrued income | 490/1 | €14,968 | €3,252 | -€11,716 | -78.3% |
| Total equity and liabilities | 10/49 | €2,182,158 | €2,203,519 | +€21,361 | +1.0% |
| Equity | 10/15 | €832,123 | €540,081 | -€292,042 | -35.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €807,123 | €515,081 | -€292,042 | -36.2% |
| Tax-exempt reserves | 132 | €63,150 | €63,150 | = | 0.0% |
| Distributable reserves | 133 | €743,973 | €451,931 | -€292,042 | -39.3% |
| Amounts payable | 17/49 | €1,350,035 | €1,663,438 | +€313,403 | +23.2% |
| Amounts payable after more than one year | 17 | €1,026,818 | €1,031,125 | +€4,306 | +0.4% |
| Financial debts | 170/4 | €1,026,818 | €1,031,125 | +€4,306 | +0.4% |
| Amounts payable within one year | 42/48 | €321,446 | €630,773 | +€309,327 | +96.2% |
| Current portion of amounts payable after more than one year | 42 | €107,920 | €104,498 | -€3,422 | -3.2% |
| Financial debts | 43 | - | €14,471 | +€14,471 | |
| Credit institutions | 430/8 | - | €14,471 | +€14,471 | |
| Trade debts | 44 | €10,494 | €7,252 | -€3,242 | -30.9% |
| Suppliers | 440/4 | €10,494 | €7,252 | -€3,242 | -30.9% |
| Taxes, remuneration and social security | 45 | €29,646 | €49,529 | +€19,883 | +67.1% |
| Taxes | 450/3 | €29,646 | €49,529 | +€19,883 | +67.1% |
| Other amounts payable | 47/48 | €173,386 | €455,022 | +€281,636 | +162.4% |
| Accrued charges and deferred income | 492/3 | €1,771 | €1,540 | -€231 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,386 | €72,457 | +€11,071 | +18.0% |
| Other operating charges | 640/8 | €4,016 | €4,367 | +€351 | +8.7% |
| Non-recurring operating charges | 66A | €40 | - | -€40 | |
| Gross operating margin | 9900 | €271,254 | €308,782 | +€37,528 | +13.8% |
| Operating profit (loss) | 9901 | €205,812 | €231,958 | +€26,146 | +12.7% |
| Financial income | 75/76B | €8,749 | €23,256 | +€14,507 | +165.8% |
| Recurring financial income | 75 | €8,749 | €23,256 | +€14,507 | +165.8% |
| Financial charges | 65/66B | €26,069 | €30,751 | +€4,682 | +18.0% |
| Recurring financial charges | 65 | €26,069 | €30,751 | +€4,682 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €188,492 | €224,462 | +€35,970 | +19.1% |
| Income taxes | 67/77 | €56,275 | €65,028 | +€8,753 | +15.6% |
| Profit (loss) for the period | 9904 | €132,217 | €159,435 | +€27,217 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €132,217 | €159,435 | +€27,217 | +20.6% |
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.