NETESTAD IMMO: 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
NETESTAD IMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,649
2024 · -€50,719+€57,368
Equity
€166,267
2024 · €159,617+€6,649
Cash
€311
2024 · €4,541-€4,230
Balance sheet total
€1.7m
2024 · €1.7m+€63,196
Largest movements
Assets
- Stocks and contracts +€67,414
up €67,414 (+4.0%), from €1.7m to €1.7m
Equity and liabilities
- Other debts +€112,288
up €112,288 (+25.7%), from €437,699 to €549,987
- Trade debts -€53,321
down €53,321 (-99.3%), from €53,717 to €396
Income statement
- Goods and materials -€51,706
down €51,706 (-93.0%), from €55,596 to €3,890
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
-€50,719
Other operating charges
-€617
Other operating items
+€58,687
Financial income
-€140
Financial charges
-€561
Result 2025
€6,649
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
-€4,230
Investment
€0
Financing
€0
Cash 2024
€4,541
From operations (derived)
-€4,230
Net result for the year
+€6,649
Stocks and contracts
-€67,414
Deferred charges and accrued income
-€12
Trade debts
-€53,321
Other debts
+€112,288
Accrued charges and deferred income
-€2,421
Cash 2025
€311
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,676,878 | €1,740,074 | +€63,196 | +3.8% |
| Current assets | 29/58 | €1,676,878 | €1,740,074 | +€63,196 | +3.8% |
| Stocks and contracts in progress | 3 | €1,670,970 | €1,738,384 | +€67,414 | +4.0% |
| Stocks | 30/36 | €1,670,970 | €1,738,384 | +€67,414 | +4.0% |
| Property held for sale | 35 | €1,670,970 | €1,738,384 | +€67,414 | +4.0% |
| Cash at bank and in hand | 54/58 | €4,541 | €311 | -€4,230 | -93.1% |
| Deferred charges and accrued income | 490/1 | €1,367 | €1,379 | +€12 | +0.9% |
| Total equity and liabilities | 10/49 | €1,676,878 | €1,740,074 | +€63,196 | +3.8% |
| Equity | 10/15 | €159,617 | €166,267 | +€6,649 | +4.2% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Capital | 10 | €220,000 | €220,000 | = | 0.0% |
| Issued capital | 100 | €220,000 | €220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,383 | -€53,733 | +€6,649 | +11.0% |
| Amounts payable | 17/49 | €1,517,261 | €1,573,808 | +€56,546 | +3.7% |
| Amounts payable after more than one year | 17 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 178/9 | €2,700 | €2,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,511,416 | €1,570,383 | +€58,967 | +3.9% |
| Financial debts | 43 | €1,020,000 | €1,020,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,020,000 | €1,020,000 | = | 0.0% |
| Trade debts | 44 | €53,717 | €396 | -€53,321 | -99.3% |
| Suppliers | 440/4 | €53,717 | €396 | -€53,321 | -99.3% |
| Other amounts payable | 47/48 | €437,699 | €549,987 | +€112,288 | +25.7% |
| Accrued charges and deferred income | 492/3 | €3,145 | €725 | -€2,421 | -77.0% |
| Operating income | 70/76A | €17,704 | €20,695 | +€2,991 | +16.9% |
| Other operating income | 74 | €17,704 | €20,695 | +€2,991 | +16.9% |
| Operating charges | 60/66A | €67,735 | €12,656 | -€55,079 | -81.3% |
| Goods for resale, raw materials and consumables | 60 | €55,596 | €3,890 | -€51,706 | -93.0% |
| Purchases | 600/8 | €55,596 | €3,890 | -€51,706 | -93.0% |
| Services and other goods | 61 | €9,257 | €5,268 | -€3,989 | -43.1% |
| Other operating charges | 640/8 | €2,882 | €3,499 | +€617 | +21.4% |
| Operating profit (loss) | 9901 | -€50,031 | €8,039 | +€58,070 | |
| Financial income | 75/76B | €140 | - | -€140 | |
| Recurring financial income | 75 | €140 | - | -€140 | |
| Other financial income | 752/9 | €140 | - | -€140 | |
| Financial charges | 65/66B | €829 | €1,390 | +€561 | +67.7% |
| Recurring financial charges | 65 | €829 | €1,390 | +€561 | +67.7% |
| Debt charges | 650 | €31 | €106 | +€75 | +245.5% |
| Other financial charges | 652/9 | €798 | €1,284 | +€486 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,719 | €6,649 | +€57,368 | |
| Profit (loss) for the period | 9904 | -€50,719 | €6,649 | +€57,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,719 | €6,649 | +€57,368 |
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.