Nentech: 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.
Nentech
Largest movements
- Stocks and contracts +€3,648
up €3,648 (+7.1%), from €51,114 to €54,762
- Tangible fixed assets -€2,869
down €2,869 (-30.5%), from €9,418 to €6,549
of which Furniture and vehicles: -€1,742
- Cash -€1,641
down €1,641 (-14.9%), from €10,991 to €9,350
mainly Other debts (-€5,284) and Stocks and contracts (-€3,648)
- Other debts -€5,284
no longer reported in 2025 (was €5,284)
- Reserves +€3,558
up €3,558 (+2.8%), from €128,038 to €131,596
- Gross operating margin -€25,012
down €25,012 (-27.0%), from €92,650 to €67,638
- Taxes -€5,760
down €5,760 (-75.6%), from €7,623 to €1,863
- Write-downs +€5,710
new in 2025: €5,710
- Financial charges -€5,372
down €5,372 (-61.4%), from €8,747 to €3,375
- Depreciation -€3,928
down €3,928 (-57.8%), from €6,797 to €2,869
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.
Derived cash bridge
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 | €162,345 | €160,243 | -€2,102 | -1.3% |
| Fixed assets | 21/28 | €9,418 | €6,549 | -€2,869 | -30.5% |
| Tangible fixed assets | 22/27 | €9,418 | €6,549 | -€2,869 | -30.5% |
| Plant, machinery and equipment | 23 | €4,749 | €3,623 | -€1,127 | -23.7% |
| Furniture and vehicles | 24 | €4,669 | €2,926 | -€1,742 | -37.3% |
| Current assets | 29/58 | €152,927 | €153,694 | +€767 | +0.5% |
| Stocks and contracts in progress | 3 | €51,114 | €54,762 | +€3,648 | +7.1% |
| Stocks | 30/36 | €51,114 | €54,762 | +€3,648 | +7.1% |
| Amounts receivable within one year | 40/41 | €82,506 | €82,020 | -€486 | -0.6% |
| Trade receivables | 40 | €28,696 | €21,370 | -€7,326 | -25.5% |
| Other amounts receivable | 41 | €53,810 | €60,650 | +€6,840 | +12.7% |
| Cash at bank and in hand | 54/58 | €10,991 | €9,350 | -€1,641 | -14.9% |
| Deferred charges and accrued income | 490/1 | €8,316 | €7,563 | -€753 | -9.1% |
| Total equity and liabilities | 10/49 | €162,345 | €160,243 | -€2,102 | -1.3% |
| Equity | 10/15 | €138,038 | €141,596 | +€3,558 | +2.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €128,038 | €131,596 | +€3,558 | +2.8% |
| Distributable reserves | 133 | €128,038 | €131,596 | +€3,558 | +2.8% |
| Amounts payable | 17/49 | €24,307 | €18,647 | -€5,660 | -23.3% |
| Amounts payable within one year | 42/48 | €24,307 | €18,647 | -€5,660 | -23.3% |
| Trade debts | 44 | €6,902 | €7,059 | +€157 | +2.3% |
| Suppliers | 440/4 | €6,902 | €7,059 | +€157 | +2.3% |
| Taxes, remuneration and social security | 45 | €12,121 | €11,588 | -€533 | -4.4% |
| Taxes | 450/3 | €10,591 | €11,588 | +€997 | +9.4% |
| Remuneration and social security | 454/9 | €1,530 | - | -€1,530 | |
| Other amounts payable | 47/48 | €5,284 | - | -€5,284 | |
| Remuneration, social security and pensions | 62 | €48,018 | €51,510 | +€3,492 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,797 | €2,869 | -€3,928 | -57.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,710 | +€5,710 | |
| Other operating charges | 640/8 | €1,366 | €2,403 | +€1,037 | +75.9% |
| Gross operating margin | 9900 | €92,650 | €67,638 | -€25,012 | -27.0% |
| Operating profit (loss) | 9901 | €36,469 | €5,146 | -€31,323 | -85.9% |
| Financial income | 75/76B | €4,950 | €3,649 | -€1,301 | -26.3% |
| Recurring financial income | 75 | €4,950 | €3,649 | -€1,301 | -26.3% |
| Financial charges | 65/66B | €8,747 | €3,375 | -€5,372 | -61.4% |
| Recurring financial charges | 65 | €8,747 | €3,375 | -€5,372 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €32,672 | €5,420 | -€27,252 | -83.4% |
| Income taxes | 67/77 | €7,623 | €1,863 | -€5,760 | -75.6% |
| Profit (loss) for the period | 9904 | €25,049 | €3,558 | -€21,492 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,049 | €3,558 | -€21,492 | -85.8% |
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 16 October 2026 via checked.be.