Nethos: 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.
Nethos
Largest movements
- Cash +€44,249
up €44,249 (+22.4%), from €197,674 to €241,924
mainly Net result for the year (+€57,850) and Depreciation (+€1,400)
- Receivables within one year +€6,299
up €6,299 (+69.0%), from €9,129 to €15,428
of which Trade receivables: +€7,028
- Reserves +€57,850
up €57,850 (+40.8%), from €141,733 to €199,583
- Tax, wage and social debts -€8,815
down €8,815 (-15.0%), from €58,698 to €49,884
- Gross operating margin +€17,346
up €17,346 (+26.5%), from €65,395 to €82,741
- Taxes +€6,224
up €6,224 (+34.3%), from €18,144 to €24,368
- Financial income +€1,322
new in 2025: €1,322
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 | €210,711 | €259,843 | +€49,132 | +23.3% |
| Fixed assets | 21/28 | €3,889 | €2,488 | -€1,400 | -36.0% |
| Tangible fixed assets | 22/27 | €3,889 | €2,488 | -€1,400 | -36.0% |
| Furniture and vehicles | 24 | €3,889 | €2,488 | -€1,400 | -36.0% |
| Current assets | 29/58 | €206,822 | €257,355 | +€50,532 | +24.4% |
| Amounts receivable within one year | 40/41 | €9,129 | €15,428 | +€6,299 | +69.0% |
| Trade receivables | 40 | €8,400 | €15,428 | +€7,028 | +83.7% |
| Other amounts receivable | 41 | €729 | - | -€729 | |
| Cash at bank and in hand | 54/58 | €197,674 | €241,924 | +€44,249 | +22.4% |
| Deferred charges and accrued income | 490/1 | €19 | €3 | -€16 | -82.1% |
| Total equity and liabilities | 10/49 | €210,711 | €259,843 | +€49,132 | +23.3% |
| Equity | 10/15 | €146,733 | €204,583 | +€57,850 | +39.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €141,733 | €199,583 | +€57,850 | +40.8% |
| Distributable reserves | 133 | €141,733 | €199,583 | +€57,850 | +40.8% |
| Amounts payable | 17/49 | €63,978 | €55,260 | -€8,718 | -13.6% |
| Amounts payable within one year | 42/48 | €63,978 | €55,127 | -€8,851 | -13.8% |
| Trade debts | 44 | €5,230 | €5,193 | -€37 | -0.7% |
| Suppliers | 440/4 | €5,230 | €5,193 | -€37 | -0.7% |
| Taxes, remuneration and social security | 45 | €58,698 | €49,884 | -€8,815 | -15.0% |
| Taxes | 450/3 | €58,698 | €49,884 | -€8,815 | -15.0% |
| Other amounts payable | 47/48 | €50 | €50 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €133 | +€133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,180 | €1,400 | +€220 | +18.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €65,395 | €82,741 | +€17,346 | +26.5% |
| Operating profit (loss) | 9901 | €64,215 | €80,941 | +€16,726 | +26.0% |
| Financial income | 75/76B | - | €1,322 | +€1,322 | |
| Recurring financial income | 75 | - | €1,322 | +€1,322 | |
| Financial charges | 65/66B | €54 | €46 | -€8 | -14.3% |
| Recurring financial charges | 65 | €54 | €46 | -€8 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €64,161 | €82,218 | +€18,056 | +28.1% |
| Income taxes | 67/77 | €18,144 | €24,368 | +€6,224 | +34.3% |
| Profit (loss) for the period | 9904 | €46,017 | €57,850 | +€11,833 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,017 | €57,850 | +€11,833 | +25.7% |
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 8 October 2026 via checked.be.