NETEBEEMDEN: 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.
What changed
NETEBEEMDEN
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€155,127
2024 · -€109,375+€264,503
Equity
€8.7m
2024 · €8.6m+€155,127
Cash
€479,712
2024 · €72,974+€406,739
Balance sheet total
€21.6m
2024 · €23.8m-€2.2m
Largest movements
Assets
- Stocks and contracts -€1.1m
down €1.1m (-65.1%), from €1.6m to €569,947
- Tangible fixed assets -€856,350
down €856,350 (-4.9%), from €17.4m to €16.5m
of which Land and buildings: -€859,935
- Receivables within one year -€500,286
down €500,286 (-19.2%), from €2.6m to €2.1m
of which Other amounts receivable: -€487,640
- Cash +€406,739
up €406,739 (+557.4%), from €72,974 to €479,712
mainly Debts after one year (+€1.5m) and Stocks and contracts (+€1.1m)
Equity and liabilities
- Short-term financial debts -€3.7m
down €3.7m (-60.3%), from €6.1m to €2.4m
- Debts after one year +€1.5m
up €1.5m (+32.0%), from €4.6m to €6.1m
of which Financial debts: +€1.5m
Income statement
- Gross operating margin +€215,175
up €215,175 (+16.8%), from €1.3m to €1.5m
- Financial charges -€187,995
down €187,995 (-26.5%), from €709,670 to €521,674
- Depreciation +€36,100
up €36,100 (+5.0%), from €722,033 to €758,134
- Financial income +€26,866
up €26,866 (+12.8%), from €209,981 to €236,848
- Staff costs +€17,532
up €17,532 (+20.4%), from €85,757 to €103,289
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.
Result 2024
-€109,375
Gross operating margin
+€215,175
Staff costs
-€17,532
Depreciation
-€36,100
Other operating charges
-€16,225
Financial income
+€26,866
Financial charges
+€187,995
Taxes
-€15,220
Deferred taxes and other
-€80,457
Result 2025
€155,127
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.
From operations
+€2.5m
Investment
+€248,552
Financing
-€2.3m
Cash 2024
€72,974
From operations (derived)
+€2.5m
Net result for the year
+€155,127
Depreciation
+€758,134
Stocks and contracts
+€1.1m
Receivables within one year
+€500,286
Smaller working-capital items
-€4,247
Provisions
+€30,544
Trade debts
-€146,331
Tax, wage and social debts
+€23,077
Other debts
+€125,056
Investment (derived)
+€248,552
Investment in fixed assets (net)
+€98,216
Current investments
+€150,336
Financing
-€2.3m
Debts after one year
+€1.5m
Current portion of long-term debt
-€135,335
Short-term financial debts
-€3.7m
Cash 2025
€479,712
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,804,308 | €21,644,952 | -€2.2m | -9.1% |
| Fixed assets | 21/28 | €19,326,932 | €18,470,583 | -€856,350 | -4.4% |
| Tangible fixed assets | 22/27 | €17,396,599 | €16,540,249 | -€856,350 | -4.9% |
| Land and buildings | 22 | €17,250,188 | €16,390,252 | -€859,935 | -5.0% |
| Plant, machinery and equipment | 23 | €51,109 | €39,307 | -€11,803 | -23.1% |
| Furniture and vehicles | 24 | €95,302 | €110,690 | +€15,388 | +16.1% |
| Financial fixed assets | 28 | €1,930,333 | €1,930,333 | = | 0.0% |
| Current assets | 29/58 | €4,477,376 | €3,174,369 | -€1.3m | -29.1% |
| Stocks and contracts in progress | 3 | €1,630,780 | €569,947 | -€1.1m | -65.1% |
| Stocks | 30/36 | €1,630,780 | €569,947 | -€1.1m | -65.1% |
| Amounts receivable within one year | 40/41 | €2,603,626 | €2,103,339 | -€500,286 | -19.2% |
| Trade receivables | 40 | €38,077 | €25,431 | -€12,647 | -33.2% |
| Other amounts receivable | 41 | €2,565,548 | €2,077,908 | -€487,640 | -19.0% |
| Current investments | 50/53 | €151,133 | €797 | -€150,336 | -99.5% |
| Cash at bank and in hand | 54/58 | €72,974 | €479,712 | +€406,739 | +557.4% |
| Deferred charges and accrued income | 490/1 | €18,864 | €20,574 | +€1,710 | +9.1% |
| Total equity and liabilities | 10/49 | €23,804,308 | €21,644,952 | -€2.2m | -9.1% |
| Equity | 10/15 | €8,569,686 | €8,724,813 | +€155,127 | +1.8% |
| Contributions | 10/11 | €904,000 | €904,000 | = | 0.0% |
| Capital | 10 | €904,000 | €904,000 | = | 0.0% |
| Issued capital | 100 | €904,000 | €904,000 | = | 0.0% |
| Reserves | 13 | €4,077,187 | €4,177,378 | +€100,191 | +2.5% |
| Non-distributable reserves | 130/1 | €169,311 | €169,311 | = | 0.0% |
| Legal reserve | 130 | €169,311 | €169,311 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,596,974 | €3,697,165 | +€100,191 | +2.8% |
| Distributable reserves | 133 | €310,902 | €310,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,588,499 | €3,643,435 | +€54,936 | +1.5% |
| Provisions and deferred taxes | 16 | €1,135,639 | €1,166,183 | +€30,544 | +2.7% |
| Deferred taxes | 168 | €1,135,639 | €1,166,183 | +€30,544 | +2.7% |
| Amounts payable | 17/49 | €14,098,983 | €11,753,955 | -€2.3m | -16.6% |
| Amounts payable after more than one year | 17 | €4,642,583 | €6,127,606 | +€1.5m | +32.0% |
| Financial debts | 170/4 | €4,634,971 | €6,118,329 | +€1.5m | +32.0% |
| Other amounts payable | 178/9 | €7,612 | €9,277 | +€1,665 | +21.9% |
| Amounts payable within one year | 42/48 | €9,417,711 | €5,590,198 | -€3.8m | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €742,609 | €607,274 | -€135,335 | -18.2% |
| Financial debts | 43 | €6,126,461 | €2,432,481 | -€3.7m | -60.3% |
| Credit institutions | 430/8 | €6,126,461 | €2,432,481 | -€3.7m | -60.3% |
| Trade debts | 44 | €334,384 | €188,054 | -€146,331 | -43.8% |
| Suppliers | 440/4 | €334,384 | €188,054 | -€146,331 | -43.8% |
| Taxes, remuneration and social security | 45 | €74,437 | €97,513 | +€23,077 | +31.0% |
| Taxes | 450/3 | €58,559 | €76,937 | +€18,378 | +31.4% |
| Remuneration and social security | 454/9 | €15,878 | €20,576 | +€4,699 | +29.6% |
| Other amounts payable | 47/48 | €2,139,820 | €2,264,876 | +€125,056 | +5.8% |
| Accrued charges and deferred income | 492/3 | €38,689 | €36,152 | -€2,537 | -6.6% |
| Non-recurring operating income | 76A | €14,484 | €355,225 | +€340,742 | +2352.6% |
| Remuneration, social security and pensions | 62 | €85,757 | €103,289 | +€17,532 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722,033 | €758,134 | +€36,100 | +5.0% |
| Other operating charges | 640/8 | €125,553 | €141,778 | +€16,225 | +12.9% |
| Gross operating margin | 9900 | €1,281,894 | €1,497,069 | +€215,175 | +16.8% |
| Operating profit (loss) | 9901 | €348,551 | €493,869 | +€145,318 | +41.7% |
| Financial income | 75/76B | €209,981 | €236,848 | +€26,866 | +12.8% |
| Recurring financial income | 75 | €209,981 | €236,848 | +€26,866 | +12.8% |
| Financial charges | 65/66B | €709,670 | €521,674 | -€187,995 | -26.5% |
| Recurring financial charges | 65 | €709,670 | €521,674 | -€187,995 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€151,138 | €209,042 | +€360,179 | |
| Transfer from deferred taxes | 780 | €49,913 | €49,913 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €80,457 | +€80,457 | |
| Income taxes | 67/77 | €8,150 | €23,371 | +€15,220 | +186.7% |
| Profit (loss) for the period | 9904 | -€109,375 | €155,127 | +€264,503 | |
| Transfer from tax-exempt reserves | 789 | €141,178 | €141,178 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €241,370 | +€241,370 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,803 | €54,936 | +€23,133 | +72.7% |
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 7 October 2026 via checked.be.