DR. NETREBKO OLHA: what changed
DR. NETREBKO OLHA
Largest movements
- Cash +€108,451
up €108,451 (+108%), from €100,072 to €208,523
mainly Net result for the year (+€121,372) and Tax, wage and social debts (+€35,468)
- Receivables after one year +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Tangible fixed assets -€9,975
down €9,975 (-28.8%), from €34,626 to €24,651
- Deferred charges and accrued income +€5,566
up €5,566 (+41.9%), from €13,268 to €18,834
- Reserves +€121,372
up €121,372 (+82.1%), from €147,832 to €269,204
- Tax, wage and social debts +€35,468
up €35,468 (+82.2%), from €43,126 to €78,594
- Gross operating margin -€30,320
down €30,320 (-15.6%), from €194,829 to €164,509
- Taxes -€7,659
down €7,659 (-17.8%), from €43,126 to €35,468
- Depreciation +€4,701
up €4,701 (+89.1%), from €5,274 to €9,975
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,966 | €402,008 | +€154,042 | +62.1% |
| Fixed assets | 21/28 | €34,626 | €24,651 | -€9,975 | -28.8% |
| Tangible fixed assets | 22/27 | €34,626 | €24,651 | -€9,975 | -28.8% |
| Leasing and similar rights | 25 | €34,626 | €24,651 | -€9,975 | -28.8% |
| Current assets | 29/58 | €213,340 | €377,357 | +€164,017 | +76.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Other amounts receivable | 291 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €100,072 | €208,523 | +€108,451 | +108% |
| Deferred charges and accrued income | 490/1 | €13,268 | €18,834 | +€5,566 | +41.9% |
| Total equity and liabilities | 10/49 | €247,966 | €402,008 | +€154,042 | +62.1% |
| Equity | 10/15 | €151,432 | €272,804 | +€121,372 | +80.1% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €147,832 | €269,204 | +€121,372 | +82.1% |
| Distributable reserves | 133 | €147,832 | €269,204 | +€121,372 | +82.1% |
| Amounts payable | 17/49 | €96,534 | €129,203 | +€32,669 | +33.8% |
| Amounts payable after more than one year | 17 | €21,326 | €20,366 | -€959 | -4.5% |
| Financial debts | 170/4 | €21,326 | €20,366 | -€959 | -4.5% |
| Amounts payable within one year | 42/48 | €75,208 | €108,837 | +€33,629 | +44.7% |
| Trade debts | 44 | - | €2,149 | +€2,149 | |
| Suppliers | 440/4 | - | €2,149 | +€2,149 | |
| Taxes, remuneration and social security | 45 | €43,126 | €78,594 | +€35,468 | +82.2% |
| Taxes | 450/3 | €43,126 | €78,594 | +€35,468 | +82.2% |
| Other amounts payable | 47/48 | €32,082 | €28,094 | -€3,988 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,274 | €9,975 | +€4,701 | +89.1% |
| Other operating charges | 640/8 | €976 | €808 | -€169 | -17.3% |
| Gross operating margin | 9900 | €194,829 | €164,509 | -€30,320 | -15.6% |
| Operating profit (loss) | 9901 | €188,578 | €153,726 | -€34,852 | -18.5% |
| Financial income | 75/76B | €3,000 | €4,510 | +€1,510 | +50.3% |
| Recurring financial income | 75 | €3,000 | €4,510 | +€1,510 | +50.3% |
| Financial charges | 65/66B | €620 | €1,396 | +€776 | +125% |
| Recurring financial charges | 65 | €620 | €1,396 | +€776 | +125% |
| Profit (loss) for the period before taxes | 9903 | €190,958 | €156,840 | -€34,118 | -17.9% |
| Income taxes | 67/77 | €43,126 | €35,468 | -€7,659 | -17.8% |
| Profit (loss) for the period | 9904 | €147,832 | €121,372 | -€26,460 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €147,832 | €121,372 | -€26,460 | -17.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.