Because the nutrient source is a fish feed, not a formulated fertiliser. The review by Eck, Körner and Jijakli notes that approximately 30% of the nitrogen supplied by the feed is retained by the fish themselves; only the remainder circulates, and for other elements the proportion actually available is even lower.
The figures speak for themselves. A study published in Water in 2020 measured, across comparable installations, approximately 75 mg per litre of potassium in aquaponics versus 333 in hydroponics, 18 mg of calcium versus 146, and 1.6 mg of magnesium versus 40. Nitrogen, by contrast, remained in a similar range.
This is precisely the purpose of the supplements described above: it is not nitrates that are lacking, but cations. A system that appears to be running well can therefore plateau due to a shortage of potassium or magnesium even when all your nitrogen tests are showing perfect results.