NUTRIWEST: 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.
NUTRIWEST
Largest movements
- Stocks and contracts +€173,918
up €173,918 (+50.4%), from €345,121 to €519,039
- Cash -€154,126
down €154,126 (-59.3%), from €260,058 to €105,931
mainly Investment in fixed assets (net) (-€218,132) and Debts after one year (-€175,976)
- Tangible fixed assets -€53,880
down €53,880 (-1.9%), from €2.9m to €2.8m
of which Land and buildings: -€128,860
- Debts after one year -€175,976
down €175,976 (-9.9%), from €1.8m to €1.6m
- Trade debts +€68,619
up €68,619 (+15.7%), from €436,670 to €505,290
- Gross operating margin -€86,025
down €86,025 (-13.2%), from €652,080 to €566,055
- Depreciation +€32,565
up €32,565 (+12.7%), from €257,007 to €289,572
- Taxes -€19,517
down €19,517 (-86.3%), from €22,603 to €3,086
- Staff costs +€16,467
up €16,467 (+9.2%), from €178,598 to €195,065
- Financial charges -€6,923
down €6,923 (-13.7%), from €50,675 to €43,752
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 | €3,898,254 | €3,864,507 | -€33,747 | -0.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,923,868 | €2,852,429 | -€71,439 | -2.4% |
| Intangible fixed assets | 21 | €42,602 | €25,043 | -€17,559 | -41.2% |
| Tangible fixed assets | 22/27 | €2,881,266 | €2,827,385 | -€53,880 | -1.9% |
| Land and buildings | 22 | €2,516,327 | €2,387,467 | -€128,860 | -5.1% |
| Plant, machinery and equipment | 23 | €90,158 | €68,439 | -€21,719 | -24.1% |
| Furniture and vehicles | 24 | €268,435 | €365,881 | +€97,446 | +36.3% |
| Other tangible fixed assets | 26 | €6,346 | €5,598 | -€748 | -11.8% |
| Current assets | 29/58 | €974,386 | €1,012,078 | +€37,692 | +3.9% |
| Stocks and contracts in progress | 3 | €345,121 | €519,039 | +€173,918 | +50.4% |
| Stocks | 30/36 | €345,121 | €519,039 | +€173,918 | +50.4% |
| Amounts receivable within one year | 40/41 | €332,852 | €342,504 | +€9,652 | +2.9% |
| Trade receivables | 40 | €313,285 | €304,181 | -€9,104 | -2.9% |
| Other amounts receivable | 41 | €19,567 | €38,323 | +€18,756 | +95.9% |
| Cash at bank and in hand | 54/58 | €260,058 | €105,931 | -€154,126 | -59.3% |
| Deferred charges and accrued income | 490/1 | €36,355 | €44,604 | +€8,249 | +22.7% |
| Total equity and liabilities | 10/49 | €3,898,254 | €3,864,507 | -€33,747 | -0.9% |
| Equity | 10/15 | €1,079,738 | €1,107,876 | +€28,137 | +2.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €779,738 | €807,876 | +€28,137 | +3.6% |
| Distributable reserves | 133 | €779,738 | €807,876 | +€28,137 | +3.6% |
| Amounts payable | 17/49 | €2,818,516 | €2,756,631 | -€61,885 | -2.2% |
| Amounts payable after more than one year | 17 | €1,777,197 | €1,601,220 | -€175,976 | -9.9% |
| Financial debts | 170/4 | €1,777,197 | €1,601,220 | -€175,976 | -9.9% |
| Amounts payable within one year | 42/48 | €964,686 | €1,072,731 | +€108,045 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €249,309 | €269,310 | +€20,000 | +8.0% |
| Trade debts | 44 | €436,670 | €505,290 | +€68,619 | +15.7% |
| Suppliers | 440/4 | €436,670 | €505,290 | +€68,619 | +15.7% |
| Taxes, remuneration and social security | 45 | €39,057 | €62,555 | +€23,498 | +60.2% |
| Taxes | 450/3 | €5,886 | €17,417 | +€11,531 | +195.9% |
| Remuneration and social security | 454/9 | €33,172 | €45,139 | +€11,967 | +36.1% |
| Other amounts payable | 47/48 | €239,649 | €235,576 | -€4,073 | -1.7% |
| Accrued charges and deferred income | 492/3 | €76,633 | €82,680 | +€6,047 | +7.9% |
| Remuneration, social security and pensions | 62 | €178,598 | €195,065 | +€16,467 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,007 | €289,572 | +€32,565 | +12.7% |
| Other operating charges | 640/8 | €15,666 | €16,229 | +€564 | +3.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €652,080 | €566,055 | -€86,025 | -13.2% |
| Operating profit (loss) | 9901 | €200,809 | €65,189 | -€135,620 | -67.5% |
| Financial income | 75/76B | €10,552 | €9,786 | -€766 | -7.3% |
| Recurring financial income | 75 | €10,552 | €9,786 | -€766 | -7.3% |
| Financial charges | 65/66B | €50,675 | €43,752 | -€6,923 | -13.7% |
| Recurring financial charges | 65 | €50,675 | €43,752 | -€6,923 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €160,686 | €31,223 | -€129,463 | -80.6% |
| Income taxes | 67/77 | €22,603 | €3,086 | -€19,517 | -86.3% |
| Profit (loss) for the period | 9904 | €138,083 | €28,137 | -€109,946 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €138,083 | €28,137 | -€109,946 | -79.6% |
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 9 October 2026 via checked.be.