NETHX: 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.
NETHX
Largest movements
- Tangible fixed assets -€16,798
no longer reported in 2025 (was €16,798)
of which Land and buildings: -€15,600
- Cash +€10,229
up €10,229 (+4.7%), from €219,098 to €229,327
mainly Investment in fixed assets (net) (+€15,600) and Net result for the year (+€13,137)
- Debts after one year -€14,540
no longer reported in 2025 (was €14,540)
- Reserves +€13,137
up €13,137 (+6.3%), from €208,986 to €222,124
of which Distributable reserves: +€13,137
- Current portion of long-term debt -€6,720
no longer reported in 2025 (was €6,720)
- Tax, wage and social debts +€3,784
up €3,784 (+107%), from €3,553 to €7,338
- Gross operating margin -€28,172
down €28,172 (-54.5%), from €51,668 to €23,496
- Depreciation -€7,800
down €7,800 (-86.7%), from €8,998 to €1,198
- Taxes -€4,107
down €4,107 (-34.7%), from €11,830 to €7,723
- Financial income +€1,785
up €1,785 (+175%), from €1,019 to €2,804
- Financial charges +€1,430
up €1,430 (+82.2%), from €1,740 to €3,171
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 | €241,986 | €235,661 | -€6,325 | -2.6% |
| Fixed assets | 21/28 | €18,647 | €1,848 | -€16,798 | -90.1% |
| Tangible fixed assets | 22/27 | €16,798 | - | -€16,798 | |
| Land and buildings | 22 | €15,600 | - | -€15,600 | |
| Furniture and vehicles | 24 | €1,198 | - | -€1,198 | |
| Financial fixed assets | 28 | €1,848 | €1,848 | = | 0.0% |
| Current assets | 29/58 | €223,339 | €233,813 | +€10,474 | +4.7% |
| Amounts receivable within one year | 40/41 | €4,241 | €4,486 | +€245 | +5.8% |
| Trade receivables | 40 | €695 | €620 | -€75 | -10.8% |
| Other amounts receivable | 41 | €3,546 | €3,866 | +€320 | +9.0% |
| Cash at bank and in hand | 54/58 | €219,098 | €229,327 | +€10,229 | +4.7% |
| Total equity and liabilities | 10/49 | €241,986 | €235,661 | -€6,325 | -2.6% |
| Equity | 10/15 | €215,186 | €228,324 | +€13,137 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €208,986 | €222,124 | +€13,137 | +6.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €207,126 | €220,264 | +€13,137 | +6.3% |
| Amounts payable | 17/49 | €26,799 | €7,338 | -€19,462 | -72.6% |
| Amounts payable after more than one year | 17 | €14,540 | - | -€14,540 | |
| Financial debts | 170/4 | €14,540 | - | -€14,540 | |
| Amounts payable within one year | 42/48 | €12,259 | €7,338 | -€4,922 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €6,720 | - | -€6,720 | |
| Trade debts | 44 | €186 | - | -€186 | |
| Suppliers | 440/4 | €186 | - | -€186 | |
| Taxes, remuneration and social security | 45 | €3,553 | €7,338 | +€3,784 | +107% |
| Taxes | 450/3 | €3,553 | €7,338 | +€3,784 | +107% |
| Other amounts payable | 47/48 | €1,800 | - | -€1,800 | |
| Non-recurring operating income | 76A | €43,000 | €28,078 | -€14,922 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,998 | €1,198 | -€7,800 | -86.7% |
| Other operating charges | 640/8 | €858 | €1,071 | +€213 | +24.8% |
| Gross operating margin | 9900 | €51,668 | €23,496 | -€28,172 | -54.5% |
| Operating profit (loss) | 9901 | €41,811 | €21,226 | -€20,585 | -49.2% |
| Financial income | 75/76B | €1,019 | €2,804 | +€1,785 | +175% |
| Recurring financial income | 75 | €1,019 | €2,804 | +€1,785 | +175% |
| Financial charges | 65/66B | €1,740 | €3,171 | +€1,430 | +82.2% |
| Recurring financial charges | 65 | €1,740 | €3,171 | +€1,430 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | €41,091 | €20,860 | -€20,231 | -49.2% |
| Income taxes | 67/77 | €11,830 | €7,723 | -€4,107 | -34.7% |
| Profit (loss) for the period | 9904 | €29,261 | €13,137 | -€16,123 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,261 | €13,137 | -€16,123 | -55.1% |
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 13 October 2026 via checked.be.