NIEUWE NETHERUST: 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.
NIEUWE NETHERUST
Largest movements
- Tangible fixed assets +€112,441
up €112,441 (+12.2%), from €922,748 to €1.0m
of which Land and buildings: +€57,742
- Receivables within one year +€97,387
up €97,387 (+61.8%), from €157,583 to €254,970
of which Other amounts receivable: +€93,176
- Cash -€65,134
down €65,134 (-37.1%), from €175,448 to €110,314
mainly Contributions, distributions and other (-€701,740) and Investment in fixed assets (net) (-€185,335)
- Other debts +€699,444
up €699,444 (+1,260%), from €55,509 to €754,953
- Reserves -€589,061
down €589,061 (-100%), from €589,061 to €0
- Trade debts +€40,792
up €40,792 (+2,676%), from €1,524 to €42,316
- Current portion of long-term debt +€14,915
up €14,915 (+19.8%), from €75,226 to €90,141
- Staff costs +€60,044
up €60,044 (+22.6%), from €266,029 to €326,073
- Gross operating margin +€27,894
up €27,894 (+5.1%), from €543,380 to €571,274
- Depreciation -€26,115
down €26,115 (-26.4%), from €99,009 to €72,894
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 | €1,259,122 | €1,412,045 | +€152,923 | +12.1% |
| Fixed assets | 21/28 | €922,748 | €1,035,188 | +€112,441 | +12.2% |
| Tangible fixed assets | 22/27 | €922,748 | €1,035,188 | +€112,441 | +12.2% |
| Land and buildings | 22 | €858,876 | €916,618 | +€57,742 | +6.7% |
| Plant, machinery and equipment | 23 | €47,763 | €70,522 | +€22,759 | +47.6% |
| Furniture and vehicles | 24 | €16,108 | €15,249 | -€860 | -5.3% |
| Leasing and similar rights | 25 | - | €32,800 | +€32,800 | |
| Current assets | 29/58 | €336,374 | €376,857 | +€40,482 | +12.0% |
| Stocks and contracts in progress | 3 | €3,343 | €11,573 | +€8,229 | +246% |
| Stocks | 30/36 | €3,343 | €11,573 | +€8,229 | +246% |
| Amounts receivable within one year | 40/41 | €157,583 | €254,970 | +€97,387 | +61.8% |
| Trade receivables | 40 | €217 | €4,429 | +€4,212 | +1,938% |
| Other amounts receivable | 41 | €157,366 | €250,541 | +€93,176 | +59.2% |
| Cash at bank and in hand | 54/58 | €175,448 | €110,314 | -€65,134 | -37.1% |
| Total equity and liabilities | 10/49 | €1,259,122 | €1,412,045 | +€152,923 | +12.1% |
| Equity | 10/15 | €664,061 | €75,000 | -€589,061 | -88.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €589,061 | €0 | -€589,061 | -100% |
| Distributable reserves | 133 | €589,061 | €0 | -€589,061 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €595,061 | €1,337,045 | +€741,984 | +125% |
| Amounts payable after more than one year | 17 | €440,899 | €429,700 | -€11,200 | -2.5% |
| Financial debts | 170/4 | €440,899 | €429,700 | -€11,200 | -2.5% |
| Amounts payable within one year | 42/48 | €154,162 | €907,346 | +€753,184 | +489% |
| Current portion of amounts payable after more than one year | 42 | €75,226 | €90,141 | +€14,915 | +19.8% |
| Trade debts | 44 | €1,524 | €42,316 | +€40,792 | +2,676% |
| Suppliers | 440/4 | €1,524 | €42,316 | +€40,792 | +2,676% |
| Taxes, remuneration and social security | 45 | €21,902 | €19,935 | -€1,967 | -9.0% |
| Taxes | 450/3 | €15,427 | €2,436 | -€12,991 | -84.2% |
| Remuneration and social security | 454/9 | €6,475 | €17,498 | +€11,024 | +170% |
| Other amounts payable | 47/48 | €55,509 | €754,953 | +€699,444 | +1,260% |
| Remuneration, social security and pensions | 62 | €266,029 | €326,073 | +€60,044 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,009 | €72,894 | -€26,115 | -26.4% |
| Other operating charges | 640/8 | €4,816 | €5,382 | +€566 | +11.8% |
| Gross operating margin | 9900 | €543,380 | €571,274 | +€27,894 | +5.1% |
| Operating profit (loss) | 9901 | €173,526 | €166,924 | -€6,602 | -3.8% |
| Financial income | 75/76B | €43 | €280 | +€238 | +559% |
| Recurring financial income | 75 | €43 | €280 | +€238 | +559% |
| Financial charges | 65/66B | €18,693 | €20,982 | +€2,289 | +12.2% |
| Recurring financial charges | 65 | €18,693 | €20,982 | +€2,289 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €154,876 | €146,222 | -€8,654 | -5.6% |
| Income taxes | 67/77 | €38,426 | €33,543 | -€4,882 | -12.7% |
| Profit (loss) for the period | 9904 | €116,450 | €112,679 | -€3,771 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,450 | €112,679 | -€3,771 | -3.2% |
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 30 October 2026 via checked.be.