CoThé Néphro: 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.
CoThé Néphro
Largest movements
- Intangible fixed assets -€60,000
down €60,000 (-12.5%), from €480,000 to €420,000
- Tangible fixed assets -€23,555
down €23,555 (-30.4%), from €77,609 to €54,053
of which Furniture and vehicles: -€26,132
- Deferred charges and accrued income -€12,324
down €12,324 (-36.8%), from €33,456 to €21,132
- Other debts -€97,015
down €97,015 (-58.0%), from €167,303 to €70,288
- Profit (loss) carried forward +€96,199
up €96,199 (+51.4%), from €187,312 to €283,511
- Debts after one year -€67,536
down €67,536 (-23.4%), from €288,413 to €220,877
- Tax, wage and social debts -€26,123
down €26,123 (-40.8%), from €63,963 to €37,840
of which Taxes: -€26,123
- Gross operating margin -€41,160
down €41,160 (-15.6%), from €264,352 to €223,191
- Taxes -€9,676
down €9,676 (-26.1%), from €37,016 to €27,340
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 | €775,653 | €683,742 | -€91,911 | -11.8% |
| Fixed assets | 21/28 | €560,109 | €476,553 | -€83,555 | -14.9% |
| Intangible fixed assets | 21 | €480,000 | €420,000 | -€60,000 | -12.5% |
| Tangible fixed assets | 22/27 | €77,609 | €54,053 | -€23,555 | -30.4% |
| Furniture and vehicles | 24 | €77,609 | €51,476 | -€26,132 | -33.7% |
| Other tangible fixed assets | 26 | - | €2,577 | +€2,577 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €215,545 | €207,189 | -€8,356 | -3.9% |
| Cash at bank and in hand | 54/58 | €182,089 | €186,057 | +€3,968 | +2.2% |
| Deferred charges and accrued income | 490/1 | €33,456 | €21,132 | -€12,324 | -36.8% |
| Total equity and liabilities | 10/49 | €775,653 | €683,742 | -€91,911 | -11.8% |
| Equity | 10/15 | €190,312 | €286,511 | +€96,199 | +50.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,312 | €283,511 | +€96,199 | +51.4% |
| Amounts payable | 17/49 | €585,341 | €397,231 | -€188,110 | -32.1% |
| Amounts payable after more than one year | 17 | €288,413 | €220,877 | -€67,536 | -23.4% |
| Financial debts | 170/4 | €288,413 | €220,877 | -€67,536 | -23.4% |
| Amounts payable within one year | 42/48 | €296,928 | €176,354 | -€120,574 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €65,103 | €67,536 | +€2,433 | +3.7% |
| Trade debts | 44 | €559 | €691 | +€132 | +23.6% |
| Suppliers | 440/4 | €559 | €691 | +€132 | +23.6% |
| Taxes, remuneration and social security | 45 | €63,963 | €37,840 | -€26,123 | -40.8% |
| Taxes | 450/3 | €59,463 | €33,340 | -€26,123 | -43.9% |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | €167,303 | €70,288 | -€97,015 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,888 | €87,255 | +€368 | +0.4% |
| Other operating charges | 640/8 | €265 | €204 | -€61 | -23.1% |
| Gross operating margin | 9900 | €264,352 | €223,191 | -€41,160 | -15.6% |
| Operating profit (loss) | 9901 | €177,199 | €135,732 | -€41,467 | -23.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €14,610 | €12,193 | -€2,416 | -16.5% |
| Recurring financial charges | 65 | €14,610 | €12,193 | -€2,416 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €162,589 | €123,539 | -€39,050 | -24.0% |
| Income taxes | 67/77 | €37,016 | €27,340 | -€9,676 | -26.1% |
| Profit (loss) for the period | 9904 | €125,574 | €96,199 | -€29,375 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €125,574 | €96,199 | -€29,375 | -23.4% |
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 10 October 2026 via checked.be.