NETHE HOLDING: 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.
NETHE HOLDING
Largest movements
- Receivables within one year +€20,285
up €20,285 (+120%), from €16,875 to €37,160
of which Trade receivables: +€20,285
- Other debts +€113,774
up €113,774 (+85.2%), from €133,580 to €247,354
- Debts after one year -€107,143
down €107,143 (-15.6%), from €685,714 to €578,571
- Gross operating margin -€1,424
down €1,424 (-4.2%), from €34,112 to €32,688
- Financial charges -€1,281
down €1,281 (-4.3%), from €29,518 to €28,236
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 | €943,509 | €956,562 | +€13,053 | +1.4% |
| Fixed assets | 21/28 | €900,000 | €900,000 | = | 0.0% |
| Financial fixed assets | 28 | €900,000 | €900,000 | = | 0.0% |
| Current assets | 29/58 | €43,509 | €56,562 | +€13,053 | +30.0% |
| Amounts receivable within one year | 40/41 | €16,875 | €37,160 | +€20,285 | +120% |
| Trade receivables | 40 | - | €20,285 | +€20,285 | |
| Other amounts receivable | 41 | €16,875 | €16,875 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,634 | €19,402 | -€7,232 | -27.2% |
| Total equity and liabilities | 10/49 | €943,509 | €956,562 | +€13,053 | +1.4% |
| Equity | 10/15 | €8,144 | €11,321 | +€3,178 | +39.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,144 | €6,321 | +€3,178 | +101% |
| Distributable reserves | 133 | €3,144 | €6,321 | +€3,178 | +101% |
| Amounts payable | 17/49 | €935,365 | €945,240 | +€9,875 | +1.1% |
| Amounts payable after more than one year | 17 | €685,714 | €578,571 | -€107,143 | -15.6% |
| Financial debts | 170/4 | €685,714 | €578,571 | -€107,143 | -15.6% |
| Amounts payable within one year | 42/48 | €249,651 | €366,669 | +€117,018 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €107,143 | €107,143 | = | 0.0% |
| Trade debts | 44 | €699 | €1,669 | +€970 | +139% |
| Suppliers | 440/4 | €699 | €1,669 | +€970 | +139% |
| Taxes, remuneration and social security | 45 | €8,229 | €10,503 | +€2,275 | +27.6% |
| Taxes | 450/3 | €8,229 | €10,503 | +€2,275 | +27.6% |
| Other amounts payable | 47/48 | €133,580 | €247,354 | +€113,774 | +85.2% |
| Other operating charges | 640/8 | €545 | €334 | -€211 | -38.8% |
| Gross operating margin | 9900 | €34,112 | €32,688 | -€1,424 | -4.2% |
| Operating profit (loss) | 9901 | €33,567 | €32,355 | -€1,212 | -3.6% |
| Financial charges | 65/66B | €29,518 | €28,236 | -€1,281 | -4.3% |
| Recurring financial charges | 65 | €29,518 | €28,236 | -€1,281 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €4,049 | €4,118 | +€69 | +1.7% |
| Income taxes | 67/77 | €906 | €940 | +€35 | +3.8% |
| Profit (loss) for the period | 9904 | €3,144 | €3,178 | +€34 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,144 | €3,178 | +€34 | +1.1% |
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 26 October 2026 via checked.be.