NETU DENT: 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.
NETU DENT
Largest movements
- Tangible fixed assets +€776,648
up €776,648 (+28,222%), from €2,752 to €779,400
of which Land and buildings: +€609,638
- Cash -€140,020
down €140,020 (-72.4%), from €193,445 to €53,424
mainly Investment in fixed assets (net) (-€803,395) and Contributions, distributions and other (-€91,503)
- Deferred charges and accrued income -€10,194
down €10,194 (-81.1%), from €12,575 to €2,380
- Debts after one year +€506,666
new in 2025: €506,666
- Other debts +€94,740
up €94,740 (+206%), from €46,078 to €140,818
- Reserves -€46,918
down €46,918 (-23.6%), from €199,092 to €152,175
- Current portion of long-term debt +€44,229
new in 2025: €44,229
- Gross operating margin +€43,632
up €43,632 (+71.1%), from €61,401 to €105,033
- Depreciation +€25,499
up €25,499 (+2,044%), from €1,248 to €26,747
- Staff costs +€24,040
new in 2025: €24,040
- Taxes -€17,217
down €17,217 (-97.3%), from €17,702 to €485
- Financial charges +€11,296
up €11,296 (+24,974%), from €45 to €11,341
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 | €253,625 | €868,168 | +€614,543 | +242% |
| Fixed assets | 21/28 | €2,752 | €779,400 | +€776,648 | +28,222% |
| Tangible fixed assets | 22/27 | €2,752 | €779,400 | +€776,648 | +28,222% |
| Land and buildings | 22 | - | €609,638 | +€609,638 | |
| Plant, machinery and equipment | 23 | - | €50,374 | +€50,374 | |
| Furniture and vehicles | 24 | €2,752 | €1,504 | -€1,248 | -45.3% |
| Leasing and similar rights | 25 | - | €117,884 | +€117,884 | |
| Current assets | 29/58 | €250,873 | €88,767 | -€162,105 | -64.6% |
| Amounts receivable within one year | 40/41 | €23,000 | €14,706 | -€8,294 | -36.1% |
| Trade receivables | 40 | €23,000 | - | -€23,000 | |
| Other amounts receivable | 41 | - | €14,706 | +€14,706 | |
| Current investments | 50/53 | €21,854 | €18,257 | -€3,597 | -16.5% |
| Cash at bank and in hand | 54/58 | €193,445 | €53,424 | -€140,020 | -72.4% |
| Deferred charges and accrued income | 490/1 | €12,575 | €2,380 | -€10,194 | -81.1% |
| Total equity and liabilities | 10/49 | €253,625 | €868,168 | +€614,543 | +242% |
| Equity | 10/15 | €204,092 | €157,175 | -€46,918 | -23.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €199,092 | €152,175 | -€46,918 | -23.6% |
| Distributable reserves | 133 | €199,092 | €152,175 | -€46,918 | -23.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €49,532 | €710,993 | +€661,461 | +1,335% |
| Amounts payable after more than one year | 17 | - | €506,666 | +€506,666 | |
| Financial debts | 170/4 | - | €506,666 | +€506,666 | |
| Amounts payable within one year | 42/48 | €49,532 | €196,047 | +€146,515 | +296% |
| Current portion of amounts payable after more than one year | 42 | - | €44,229 | +€44,229 | |
| Trade debts | 44 | €2,240 | €4,035 | +€1,795 | +80.1% |
| Suppliers | 440/4 | €2,240 | €4,035 | +€1,795 | +80.1% |
| Taxes, remuneration and social security | 45 | €1,214 | €6,965 | +€5,751 | +474% |
| Taxes | 450/3 | €1,214 | €1,126 | -€87 | -7.2% |
| Remuneration and social security | 454/9 | - | €5,838 | +€5,838 | |
| Other amounts payable | 47/48 | €46,078 | €140,818 | +€94,740 | +206% |
| Accrued charges and deferred income | 492/3 | - | €8,280 | +€8,280 | |
| Remuneration, social security and pensions | 62 | - | €24,040 | +€24,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,248 | €26,747 | +€25,499 | +2,044% |
| Other operating charges | 640/8 | €449 | €515 | +€65 | +14.5% |
| Gross operating margin | 9900 | €61,401 | €105,033 | +€43,632 | +71.1% |
| Operating profit (loss) | 9901 | €59,704 | €53,732 | -€5,972 | -10.0% |
| Financial income | 75/76B | €4,961 | €2,679 | -€2,282 | -46.0% |
| Recurring financial income | 75 | €4,961 | €2,679 | -€2,282 | -46.0% |
| Financial charges | 65/66B | €45 | €11,341 | +€11,296 | +24,974% |
| Recurring financial charges | 65 | €45 | €11,341 | +€11,296 | +24,974% |
| Profit (loss) for the period before taxes | 9903 | €64,620 | €45,070 | -€19,550 | -30.3% |
| Income taxes | 67/77 | €17,702 | €485 | -€17,217 | -97.3% |
| Profit (loss) for the period | 9904 | €46,918 | €44,585 | -€2,333 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,918 | €44,585 | -€2,333 | -5.0% |
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 15 October 2026 via checked.be.