NETE - INVEST: 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.
NETE - INVEST
Largest movements
- Tangible fixed assets -€38,240
down €38,240 (-3.7%), from €1.0m to €998,366
of which Land and buildings: -€31,110
- Other debts +€48,404
up €48,404 (+4.9%), from €988,207 to €1.0m
- Profit (loss) carried forward -€46,881
down €46,881 (-12.9%), from -€363,680 to -€410,562
- Debts after one year -€42,258
down €42,258 (-12.5%), from €337,726 to €295,468
- Gross operating margin -€36,164
down €36,164 (-54.0%), from €67,001 to €30,837
- Depreciation +€1,272
up €1,272 (+2.2%), from €58,324 to €59,595
- Financial charges -€1,248
down €1,248 (-10.4%), from €12,011 to €10,763
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 | €1,060,540 | €1,021,652 | -€38,888 | -3.7% |
| Fixed assets | 21/28 | €1,036,606 | €998,366 | -€38,240 | -3.7% |
| Tangible fixed assets | 22/27 | €1,036,606 | €998,366 | -€38,240 | -3.7% |
| Land and buildings | 22 | €995,347 | €964,237 | -€31,110 | -3.1% |
| Plant, machinery and equipment | 23 | €20,809 | €16,227 | -€4,582 | -22.0% |
| Furniture and vehicles | 24 | €18,350 | €15,802 | -€2,548 | -13.9% |
| Other tangible fixed assets | 26 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €23,934 | €23,286 | -€649 | -2.7% |
| Amounts receivable within one year | 40/41 | €16,552 | €16,552 | = | 0.0% |
| Trade receivables | 40 | €16,552 | €16,552 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,844 | €5,529 | +€685 | +14.1% |
| Deferred charges and accrued income | 490/1 | €2,538 | €1,205 | -€1,333 | -52.5% |
| Total equity and liabilities | 10/49 | €1,060,540 | €1,021,652 | -€38,888 | -3.7% |
| Equity | 10/15 | -€322,387 | -€369,268 | -€46,881 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,694 | €22,694 | = | 0.0% |
| Distributable reserves | 133 | €22,694 | €22,694 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€363,680 | -€410,562 | -€46,881 | -12.9% |
| Amounts payable | 17/49 | €1,382,927 | €1,390,920 | +€7,993 | +0.6% |
| Amounts payable after more than one year | 17 | €337,726 | €295,468 | -€42,258 | -12.5% |
| Financial debts | 170/4 | €337,726 | €295,468 | -€42,258 | -12.5% |
| Amounts payable within one year | 42/48 | €1,045,201 | €1,095,452 | +€50,251 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €41,041 | €42,258 | +€1,217 | +3.0% |
| Trade debts | 44 | €15,953 | €16,583 | +€630 | +3.9% |
| Suppliers | 440/4 | €15,953 | €16,583 | +€630 | +3.9% |
| Other amounts payable | 47/48 | €988,207 | €1,036,611 | +€48,404 | +4.9% |
| Non-recurring operating income | 76A | - | €348 | +€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,324 | €59,595 | +€1,272 | +2.2% |
| Other operating charges | 640/8 | €7,138 | €7,360 | +€222 | +3.1% |
| Gross operating margin | 9900 | €67,001 | €30,837 | -€36,164 | -54.0% |
| Operating profit (loss) | 9901 | €1,539 | -€36,119 | -€37,658 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €12,011 | €10,763 | -€1,248 | -10.4% |
| Recurring financial charges | 65 | €12,011 | €10,763 | -€1,248 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,472 | -€46,881 | -€36,410 | -348% |
| Profit (loss) for the period | 9904 | -€10,472 | -€46,881 | -€36,410 | -348% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,472 | -€46,881 | -€36,410 | -348% |
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 24 October 2026 via checked.be.