BRUSSELS NETWORK OPERATIONS: 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.
What changed
BRUSSELS NETWORK OPERATIONS
NACE 35.150, Electricity, gas, steam and air conditioning supply
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,204
2024 · €1,033+€172
Equity
€23,229
2024 · €23,229
Cash
€1.2m
2024 · €911,666+€273,511
Balance sheet total
€30.3m
2024 · €41.8m-€11.5m
Largest movements
Assets
- Receivables within one year -€11.8m
down €11.8m (-29.2%), from €40.5m to €28.7m
of which Trade receivables: -€15.2m
Equity and liabilities
- Provisions -€7.7m
down €7.7m (-99.8%), from €7.7m to €18,000
- Trade debts -€2.3m
down €2.3m (-48.9%), from €4.7m to €2.4m
- Tax, wage and social debts -€2.1m
down €2.1m (-8.2%), from €25.9m to €23.8m
of which Taxes: -€3.8m
- Accrued charges and deferred income +€511,677
up €511,677 (+19.9%), from €2.6m to €3.1m
Income statement
- Staff costs +€8.5m
up €8.5m (+6.4%), from €133.5m to €142.0m
- Provisions -€7.8m
down €7.8m, from €146,432 to -€7.7m
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.
Result 2024
€1,033
Turnover
+€50,577
Other operating income
+€462,315
Services and other goods
-€382,878
Staff costs
-€8.5m
Provisions
+€7.8m
Other operating charges
-€1,445
Financial income
-€146
Financial charges
-€11,132
Taxes
+€569,722
Result 2025
€1,204
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.
From operations
+€274,715
Investment
€0
Financing
-€1,204
Cash 2024
€911,666
From operations (derived)
+€274,715
Net result for the year
+€1,204
Receivables within one year
+€11.8m
Deferred charges and accrued income
-€69,608
Provisions
-€7.7m
Trade debts
-€2.3m
Tax, wage and social debts
-€2.1m
Other debts
+€70,453
Accrued charges and deferred income
+€511,677
Financing
-€1,204
Contributions, distributions and other
-€1,204
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,785,831 | €30,294,672 | -€11.5m | -27.5% |
| Current assets | 29/58 | €41,785,831 | €30,294,672 | -€11.5m | -27.5% |
| Amounts receivable within one year | 40/41 | €40,532,570 | €28,698,292 | -€11.8m | -29.2% |
| Trade receivables | 40 | €39,953,647 | €24,746,894 | -€15.2m | -38.1% |
| Other amounts receivable | 41 | €578,923 | €3,951,398 | +€3.4m | +582.5% |
| Cash at bank and in hand | 54/58 | €911,666 | €1,185,176 | +€273,511 | +30.0% |
| Deferred charges and accrued income | 490/1 | €341,595 | €411,204 | +€69,608 | +20.4% |
| Total equity and liabilities | 10/49 | €41,785,831 | €30,294,672 | -€11.5m | -27.5% |
| Equity | 10/15 | €23,229 | €23,229 | = | 0.0% |
| Contributions | 10/11 | €19,300 | €19,300 | = | 0.0% |
| Reserves | 13 | €3,929 | €3,929 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,929 | €3,929 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,929 | €3,929 | = | 0.0% |
| Provisions and deferred taxes | 16 | €7,693,554 | €18,000 | -€7.7m | -99.8% |
| Provisions for liabilities and charges | 160/5 | €7,693,554 | €18,000 | -€7.7m | -99.8% |
| Other liabilities and charges | 164/5 | €7,693,554 | €18,000 | -€7.7m | -99.8% |
| Amounts payable | 17/49 | €34,069,048 | €30,253,443 | -€3.8m | -11.2% |
| Amounts payable within one year | 42/48 | €31,494,201 | €27,166,919 | -€4.3m | -13.7% |
| Trade debts | 44 | €4,666,221 | €2,385,011 | -€2.3m | -48.9% |
| Suppliers | 440/4 | €4,666,221 | €2,385,011 | -€2.3m | -48.9% |
| Taxes, remuneration and social security | 45 | €25,925,624 | €23,809,099 | -€2.1m | -8.2% |
| Taxes | 450/3 | €6,527,636 | €2,729,783 | -€3.8m | -58.2% |
| Remuneration and social security | 454/9 | €19,397,988 | €21,079,315 | +€1.7m | +8.7% |
| Other amounts payable | 47/48 | €902,356 | €972,809 | +€70,453 | +7.8% |
| Accrued charges and deferred income | 492/3 | €2,574,847 | €3,086,524 | +€511,677 | +19.9% |
| Operating income | 70/76A | €144,099,435 | €144,612,327 | +€512,892 | +0.4% |
| Turnover | 70 | €142,606,960 | €142,657,537 | +€50,577 | 0.0% |
| Other operating income | 74 | €1,492,475 | €1,954,791 | +€462,315 | +31.0% |
| Operating charges | 60/66A | €142,198,948 | €143,270,112 | +€1.1m | +0.8% |
| Services and other goods | 61 | €8,567,255 | €8,950,132 | +€382,878 | +4.5% |
| Remuneration, social security and pensions | 62 | €133,481,771 | €141,990,598 | +€8.5m | +6.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €146,432 | -€7,675,554 | -€7.8m | |
| Other operating charges | 640/8 | €3,491 | €4,936 | +€1,445 | +41.4% |
| Operating profit (loss) | 9901 | €1,900,488 | €1,342,215 | -€558,273 | -29.4% |
| Financial income | 75/76B | €153 | €7 | -€146 | -95.6% |
| Recurring financial income | 75 | €153 | €7 | -€146 | -95.6% |
| Other financial income | 752/9 | €153 | €7 | -€146 | -95.6% |
| Financial charges | 65/66B | €56,582 | €67,714 | +€11,132 | +19.7% |
| Recurring financial charges | 65 | €56,582 | €67,714 | +€11,132 | +19.7% |
| Other financial charges | 652/9 | €56,582 | €67,714 | +€11,132 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €1,844,058 | €1,274,507 | -€569,551 | -30.9% |
| Income taxes | 67/77 | €1,843,025 | €1,273,303 | -€569,722 | -30.9% |
| Taxes | 670/3 | €1,844,569 | €1,273,303 | -€571,266 | -31.0% |
| Tax adjustments and reversals of tax provisions | 77 | €1,544 | - | -€1,544 | |
| Profit (loss) for the period | 9904 | €1,033 | €1,204 | +€172 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,033 | €1,204 | +€172 | +16.6% |
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 11 October 2026 via checked.be.