NETHYS IMMO: 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.
NETHYS IMMO
Largest movements
- Tangible fixed assets -€2.6m
down €2.6m (-25.4%), from €10.4m to €7.8m
of which Land and buildings: -€2.6m
- Receivables after one year -€466,666
no longer reported in 2025 (was €466,666)
- Cash +€169,979
up €169,979 (+48.9%), from €347,385 to €517,364
mainly Investment in fixed assets (net) (+€2.3m) and Receivables after one year (+€466,666)
- Profit (loss) carried forward -€2.7m
down €2.7m (-85.5%), from -€3.1m to -€5.8m
- Trade debts -€145,711
down €145,711 (-87.5%), from €166,558 to €20,847
- Other operating income -€730,588
no longer reported in 2025 (was €730,588)
- Gross operating margin +€332,762
new in 2025: €332,762
- Services and other goods -€269,972
no longer reported in 2025 (was €269,972)
- Financial charges -€123,776
down €123,776 (-32.8%), from €377,042 to €253,267
- Other operating charges +€29,218
up €29,218 (+28.4%), from €102,723 to €131,941
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 | €11,763,791 | €8,910,231 | -€2.9m | -24.3% |
| Fixed assets | 21/28 | €10,389,152 | €7,753,677 | -€2.6m | -25.4% |
| Tangible fixed assets | 22/27 | €10,389,152 | €7,753,677 | -€2.6m | -25.4% |
| Land and buildings | 22 | €10,389,152 | €7,753,677 | -€2.6m | -25.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €1,374,639 | €1,156,554 | -€218,085 | -15.9% |
| Amounts receivable after more than one year | 29 | €466,666 | - | -€466,666 | |
| Other amounts receivable | 291 | €466,666 | - | -€466,666 | |
| Amounts receivable within one year | 40/41 | €560,588 | €639,190 | +€78,602 | +14.0% |
| Trade receivables | 40 | €84,235 | €172,523 | +€88,288 | +105% |
| Other amounts receivable | 41 | €476,353 | €466,667 | -€9,686 | -2.0% |
| Cash at bank and in hand | 54/58 | €347,385 | €517,364 | +€169,979 | +48.9% |
| Total equity and liabilities | 10/49 | €11,763,791 | €8,910,231 | -€2.9m | -24.3% |
| Equity | 10/15 | €2,520,257 | -€167,629 | -€2.7m | |
| Contributions | 10/11 | €4,200,000 | €4,200,000 | = | 0.0% |
| Capital | 10 | €4,200,000 | €4,200,000 | = | 0.0% |
| Issued capital | 100 | €4,200,000 | €4,200,000 | = | 0.0% |
| Reserves | 13 | €1,463,272 | €1,463,272 | = | 0.0% |
| Non-distributable reserves | 130/1 | €371,537 | €371,537 | = | 0.0% |
| Legal reserve | 130 | €363,108 | €363,108 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,428 | €8,428 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,735 | €36,735 | = | 0.0% |
| Distributable reserves | 133 | €1,055,000 | €1,055,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,143,015 | -€5,830,900 | -€2.7m | -85.5% |
| Amounts payable | 17/49 | €9,243,534 | €9,077,859 | -€165,674 | -1.8% |
| Amounts payable within one year | 42/48 | €8,866,868 | €8,721,366 | -€145,503 | -1.6% |
| Trade debts | 44 | €166,558 | €20,847 | -€145,711 | -87.5% |
| Suppliers | 440/4 | €166,558 | €20,847 | -€145,711 | -87.5% |
| Taxes, remuneration and social security | 45 | €310 | €518 | +€209 | +67.4% |
| Taxes | 450/3 | €310 | €518 | +€209 | +67.4% |
| Other amounts payable | 47/48 | €8,700,000 | €8,700,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €376,665 | €356,494 | -€20,172 | -5.4% |
| Operating income | 70/76A | €1,030,588 | - | -€1.0m | |
| Other operating income | 74 | €730,588 | - | -€730,588 | |
| Non-recurring operating income | 76A | €300,000 | - | -€300,000 | |
| Operating charges | 60/66A | €754,210 | - | -€754,210 | |
| Services and other goods | 61 | €269,972 | - | -€269,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381,515 | €369,475 | -€12,040 | -3.2% |
| Other operating charges | 640/8 | €102,723 | €131,941 | +€29,218 | +28.4% |
| Non-recurring operating charges | 66A | - | €2,266,000 | +€2.3m | |
| Gross operating margin | 9900 | - | €332,762 | +€332,762 | |
| Operating profit (loss) | 9901 | €276,378 | -€2,434,653 | -€2.7m | |
| Financial income | 75/76B | €0 | €34 | +€34 | +17,821% |
| Recurring financial income | 75 | €0 | €34 | +€34 | +17,821% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €377,042 | €253,267 | -€123,776 | -32.8% |
| Recurring financial charges | 65 | €377,042 | €253,267 | -€123,776 | -32.8% |
| Debt charges | 650 | €376,665 | - | -€376,665 | |
| Other financial charges | 652/9 | €377 | - | -€377 | |
| Profit (loss) for the period before taxes | 9903 | -€100,664 | -€2,687,886 | -€2.6m | -2,570% |
| Profit (loss) for the period | 9904 | -€100,664 | -€2,687,886 | -€2.6m | -2,570% |
| Profit (loss) for the period to be appropriated | 9905 | -€100,664 | -€2,687,886 | -€2.6m | -2,570% |
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 16 October 2026 via checked.be.