NETH-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.
NETH-IMMO
Largest movements
- Tangible fixed assets -€24,064
down €24,064 (-4.2%), from €577,430 to €553,366
of which Land and buildings: -€29,861
- Debts after one year -€53,985
down €53,985 (-12.2%), from €442,945 to €388,960
of which Other amounts payable: -€69,734
- Reserves +€25,010
up €25,010 (+11.1%), from €225,249 to €250,259
of which Distributable reserves: +€25,010
- Depreciation -€7,013
down €7,013 (-10.2%), from €68,967 to €61,954
- Gross operating margin -€3,847
down €3,847 (-2.5%), from €156,552 to €152,705
- Taxes -€2,505
down €2,505 (-21.0%), from €11,907 to €9,403
- Staff costs +€2,254
up €2,254 (+6.6%), from €34,371 to €36,626
- Financial income -€1,803
down €1,803 (-13.4%), from €13,506 to €11,703
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €809,881 | €793,315 | -€16,566 | -2.0% |
| Fixed assets | 21/28 | €577,430 | €553,366 | -€24,064 | -4.2% |
| Tangible fixed assets | 22/27 | €577,430 | €553,366 | -€24,064 | -4.2% |
| Land and buildings | 22 | €513,261 | €483,400 | -€29,861 | -5.8% |
| Plant, machinery and equipment | 23 | €21,717 | €51,133 | +€29,417 | +135.5% |
| Furniture and vehicles | 24 | €34,106 | €12,013 | -€22,093 | -64.8% |
| Other tangible fixed assets | 26 | €8,346 | €6,820 | -€1,526 | -18.3% |
| Current assets | 29/58 | €232,451 | €239,949 | +€7,498 | +3.2% |
| Amounts receivable within one year | 40/41 | €228,092 | €235,319 | +€7,227 | +3.2% |
| Trade receivables | 40 | €41,569 | €12,285 | -€29,284 | -70.4% |
| Other amounts receivable | 41 | €186,523 | €223,034 | +€36,512 | +19.6% |
| Deferred charges and accrued income | 490/1 | €4,359 | €4,630 | +€271 | +6.2% |
| Total equity and liabilities | 10/49 | €809,881 | €793,315 | -€16,566 | -2.0% |
| Equity | 10/15 | €287,249 | €312,259 | +€25,010 | +8.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €225,249 | €250,259 | +€25,010 | +11.1% |
| Non-distributable reserves | 130/1 | €59,300 | €59,300 | = | 0.0% |
| Legal reserve | 130 | €59,300 | €59,300 | = | 0.0% |
| Distributable reserves | 133 | €165,949 | €190,959 | +€25,010 | +15.1% |
| Amounts payable | 17/49 | €522,632 | €481,057 | -€41,576 | -8.0% |
| Amounts payable after more than one year | 17 | €442,945 | €388,960 | -€53,985 | -12.2% |
| Financial debts | 170/4 | €102,618 | €118,367 | +€15,749 | +15.3% |
| Other amounts payable | 178/9 | €340,327 | €270,593 | -€69,734 | -20.5% |
| Amounts payable within one year | 42/48 | €78,678 | €91,246 | +€12,567 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €44,793 | €50,921 | +€6,128 | +13.7% |
| Financial debts | 43 | €10,369 | €5,310 | -€5,059 | -48.8% |
| Credit institutions | 430/8 | €10,369 | €5,310 | -€5,059 | -48.8% |
| Trade debts | 44 | €4,824 | €8,434 | +€3,610 | +74.8% |
| Suppliers | 440/4 | €4,824 | €8,434 | +€3,610 | +74.8% |
| Taxes, remuneration and social security | 45 | €14,937 | €22,825 | +€7,888 | +52.8% |
| Taxes | 450/3 | €9,913 | €18,091 | +€8,177 | +82.5% |
| Remuneration and social security | 454/9 | €5,024 | €4,734 | -€289 | -5.8% |
| Other amounts payable | 47/48 | €3,755 | €3,755 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,009 | €851 | -€158 | -15.7% |
| Remuneration, social security and pensions | 62 | €34,371 | €36,626 | +€2,254 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,967 | €61,954 | -€7,013 | -10.2% |
| Other operating charges | 640/8 | €11,080 | €9,499 | -€1,581 | -14.3% |
| Gross operating margin | 9900 | €156,552 | €152,705 | -€3,847 | -2.5% |
| Operating profit (loss) | 9901 | €42,134 | €44,627 | +€2,492 | +5.9% |
| Financial income | 75/76B | €13,506 | €11,703 | -€1,803 | -13.4% |
| Recurring financial income | 75 | €13,506 | €11,703 | -€1,803 | -13.4% |
| Financial charges | 65/66B | €21,670 | €21,917 | +€247 | +1.1% |
| Recurring financial charges | 65 | €21,670 | €21,917 | +€247 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €33,970 | €34,413 | +€442 | +1.3% |
| Income taxes | 67/77 | €11,907 | €9,403 | -€2,505 | -21.0% |
| Profit (loss) for the period | 9904 | €22,063 | €25,010 | +€2,947 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,063 | €25,010 | +€2,947 | +13.4% |
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 4 October 2026 via checked.be.