NETHEHOEVE: 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.
NETHEHOEVE
Largest movements
- Tangible fixed assets +€32,804
up €32,804 (+11.0%), from €298,425 to €331,229
of which Land and buildings: +€35,155
- Receivables within one year +€6,793
up €6,793 (+34.8%), from €19,501 to €26,294
of which Other amounts receivable: +€4,122
- Cash -€4,731
down €4,731 (-85.6%), from €5,526 to €795
mainly Investment in fixed assets (net) (-€37,947) and Net result for the year (-€26,305)
- Other debts +€64,369
up €64,369 (+114.9%), from €56,019 to €120,389
- Profit (loss) carried forward -€26,305
down €26,305 (-168.5%), from -€15,608 to -€41,913
- Gross operating margin -€16,200
down €16,200, from €2,970 to -€13,230
- Other operating charges +€5,284
up €5,284 (+217.3%), from €2,432 to €7,716
- Financial charges -€1,229
down €1,229 (-93.2%), from €1,319 to €90
of which Non-recurring financial charges: -€1,240
- Depreciation +€442
up €442 (+9.4%), from €4,700 to €5,142
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
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 | €323,452 | €358,318 | +€34,866 | +10.8% |
| Fixed assets | 21/28 | €298,425 | €331,229 | +€32,804 | +11.0% |
| Tangible fixed assets | 22/27 | €298,425 | €331,229 | +€32,804 | +11.0% |
| Land and buildings | 22 | €282,002 | €317,157 | +€35,155 | +12.5% |
| Plant, machinery and equipment | 23 | €3,315 | €4,226 | +€911 | +27.5% |
| Furniture and vehicles | 24 | €13,108 | €9,847 | -€3,261 | -24.9% |
| Current assets | 29/58 | €25,027 | €27,089 | +€2,062 | +8.2% |
| Amounts receivable within one year | 40/41 | €19,501 | €26,294 | +€6,793 | +34.8% |
| Trade receivables | 40 | - | €2,671 | +€2,671 | |
| Other amounts receivable | 41 | €19,501 | €23,622 | +€4,122 | +21.1% |
| Cash at bank and in hand | 54/58 | €5,526 | €795 | -€4,731 | -85.6% |
| Total equity and liabilities | 10/49 | €323,452 | €358,318 | +€34,866 | +10.8% |
| Equity | 10/15 | €163,841 | €137,536 | -€26,305 | -16.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €117,475 | €117,475 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €111,278 | €111,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,608 | -€41,913 | -€26,305 | -168.5% |
| Amounts payable | 17/49 | €159,611 | €220,782 | +€61,171 | +38.3% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,611 | €120,782 | +€61,171 | +102.6% |
| Trade debts | 44 | €3,592 | €393 | -€3,198 | -89.0% |
| Suppliers | 440/4 | €3,592 | €393 | -€3,198 | -89.0% |
| Other amounts payable | 47/48 | €56,019 | €120,389 | +€64,369 | +114.9% |
| Remuneration, social security and pensions | 62 | - | €127 | +€127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,700 | €5,142 | +€442 | +9.4% |
| Other operating charges | 640/8 | €2,432 | €7,716 | +€5,284 | +217.3% |
| Gross operating margin | 9900 | €2,970 | -€13,230 | -€16,200 | |
| Operating profit (loss) | 9901 | -€4,162 | -€26,215 | -€22,053 | -529.9% |
| Financial charges | 65/66B | €1,319 | €90 | -€1,229 | -93.2% |
| Recurring financial charges | 65 | €80 | €90 | +€10 | +13.2% |
| Non-recurring financial charges | 66B | €1,240 | - | -€1,240 | |
| Profit (loss) for the period before taxes | 9903 | -€5,481 | -€26,305 | -€20,824 | -379.9% |
| Profit (loss) for the period | 9904 | -€5,481 | -€26,305 | -€20,824 | -379.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,481 | -€26,305 | -€20,824 | -379.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.