Netcare: what changed
Two fiscal 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.
Netcare
Largest movements
- Cash +€35,269
up €35,269 (+212.7%), from €16,578 to €51,848
mainly Net result for the year (+€66,128) and Other debts (+€27,563)
- Receivables within one year +€7,394
up €7,394 (+21.8%), from €33,975 to €41,369
of which Trade receivables: +€4,210
- Tangible fixed assets -€1,531
down €1,531 (-34.0%), from €4,510 to €2,979
- Other debts +€27,563
up €27,563 (+80.5%), from €34,225 to €61,787
- Tax, wage and social debts +€12,429
up €12,429 (+214.7%), from €5,789 to €18,218
- Gross operating margin +€18,218
up €18,218 (+26.6%), from €68,462 to €86,680
- Taxes +€3,830
up €3,830 (+27.8%), from €13,755 to €17,585
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 | €58,985 | €99,807 | +€40,822 | +69.2% |
| Fixed assets | 21/28 | €4,510 | €2,979 | -€1,531 | -34.0% |
| Tangible fixed assets | 22/27 | €4,510 | €2,979 | -€1,531 | -34.0% |
| Furniture and vehicles | 24 | €4,510 | €2,979 | -€1,531 | -34.0% |
| Current assets | 29/58 | €54,475 | €96,828 | +€42,353 | +77.7% |
| Amounts receivable within one year | 40/41 | €33,975 | €41,369 | +€7,394 | +21.8% |
| Trade receivables | 40 | €32,731 | €36,940 | +€4,210 | +12.9% |
| Other amounts receivable | 41 | €1,245 | €4,429 | +€3,184 | +255.8% |
| Cash at bank and in hand | 54/58 | €16,578 | €51,848 | +€35,269 | +212.7% |
| Deferred charges and accrued income | 490/1 | €3,921 | €3,611 | -€310 | -7.9% |
| Total equity and liabilities | 10/49 | €58,985 | €99,807 | +€40,822 | +69.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €40,385 | €81,207 | +€40,822 | +101.1% |
| Amounts payable within one year | 42/48 | €40,385 | €81,207 | +€40,822 | +101.1% |
| Financial debts | 43 | - | €94 | +€94 | |
| Credit institutions | 430/8 | - | €94 | +€94 | |
| Trade debts | 44 | €371 | €1,108 | +€737 | +198.6% |
| Suppliers | 440/4 | €371 | €1,108 | +€737 | +198.6% |
| Taxes, remuneration and social security | 45 | €5,789 | €18,218 | +€12,429 | +214.7% |
| Taxes | 450/3 | €5,789 | €18,218 | +€12,429 | +214.7% |
| Other amounts payable | 47/48 | €34,225 | €61,787 | +€27,563 | +80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,138 | €1,531 | +€393 | +34.6% |
| Other operating charges | 640/8 | €374 | €375 | +€1 | +0.3% |
| Gross operating margin | 9900 | €68,462 | €86,680 | +€18,218 | +26.6% |
| Operating profit (loss) | 9901 | €66,950 | €84,773 | +€17,823 | +26.6% |
| Financial charges | 65/66B | €1,836 | €1,060 | -€776 | -42.3% |
| Recurring financial charges | 65 | €1,836 | €1,060 | -€776 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €65,114 | €83,713 | +€18,600 | +28.6% |
| Income taxes | 67/77 | €13,755 | €17,585 | +€3,830 | +27.8% |
| Profit (loss) for the period | 9904 | €51,358 | €66,128 | +€14,770 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,358 | €66,128 | +€14,770 | +28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.