Groep Netconnect: what changed
What changed
Groep Netconnect
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€500,385
2024 · €458,068+€42,317
Equity
€961,453
2024 · €461,068+€500,385
Cash
€74,574
2024 · €6,209+€68,366
Balance sheet total
€9.2m
2024 · €9.2m+€89,930
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€486,159
down €486,159 (-6.0%), from €8.1m to €7.7m
- Reserves +€458,068
new in 2025: €458,068
Income statement
- Financial charges -€26,851
down €26,851 (-20.3%), from €132,071 to €105,220
- Gross operating margin +€14,867
up €14,867 (+2.0%), from €744,944 to €759,811
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€458,068
Gross operating margin
+€14,867
Depreciation
+€1,226
Other operating charges
+€145
Financial charges
+€26,851
Taxes
-€772
Result 2025
€500,385
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€532,280
Investment
€0
Financing
-€463,914
Cash 2024
€6,209
From operations (derived)
+€532,280
Net result for the year
+€500,385
Receivables within one year
-€21,564
Trade debts
+€1
Tax, wage and social debts
+€53,459
Financing
-€463,914
Debts after one year
-€486,159
Current portion of long-term debt
+€22,245
Cash 2025
€74,574
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,153,289 | €9,243,219 | +€89,930 | +1.0% |
| Fixed assets | 21/28 | €9,000,000 | €9,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €9,000,000 | €9,000,000 | = | 0.0% |
| Current assets | 29/58 | €153,289 | €243,219 | +€89,930 | +58.7% |
| Amounts receivable within one year | 40/41 | €147,081 | €168,645 | +€21,564 | +14.7% |
| Trade receivables | 40 | €78,650 | €157,300 | +€78,650 | +100% |
| Other amounts receivable | 41 | €68,431 | €11,345 | -€57,086 | -83.4% |
| Cash at bank and in hand | 54/58 | €6,209 | €74,574 | +€68,366 | +1,101% |
| Total equity and liabilities | 10/49 | €9,153,289 | €9,243,219 | +€89,930 | +1.0% |
| Equity | 10/15 | €461,068 | €961,453 | +€500,385 | +109% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €458,068 | +€458,068 | |
| Distributable reserves | 133 | - | €458,068 | +€458,068 | |
| Profit (loss) carried forward | 14 | €458,068 | €500,385 | +€42,317 | +9.2% |
| Amounts payable | 17/49 | €8,692,221 | €8,281,766 | -€410,455 | -4.7% |
| Amounts payable after more than one year | 17 | €8,138,660 | €7,652,501 | -€486,159 | -6.0% |
| Financial debts | 170/4 | €8,138,660 | €7,652,501 | -€486,159 | -6.0% |
| Amounts payable within one year | 42/48 | €553,561 | €629,266 | +€75,704 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €459,927 | €482,172 | +€22,245 | +4.8% |
| Trade debts | 44 | €27 | €28 | +€1 | +2.8% |
| Suppliers | 440/4 | €27 | €28 | +€1 | +2.8% |
| Taxes, remuneration and social security | 45 | €93,608 | €147,066 | +€53,459 | +57.1% |
| Taxes | 450/3 | €93,608 | €147,066 | +€53,459 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,226 | - | -€1,226 | |
| Other operating charges | 640/8 | €890 | €745 | -€145 | -16.3% |
| Gross operating margin | 9900 | €744,944 | €759,811 | +€14,867 | +2.0% |
| Operating profit (loss) | 9901 | €742,829 | €759,066 | +€16,238 | +2.2% |
| Financial charges | 65/66B | €132,071 | €105,220 | -€26,851 | -20.3% |
| Recurring financial charges | 65 | €132,071 | €105,220 | -€26,851 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €610,758 | €653,847 | +€43,089 | +7.1% |
| Income taxes | 67/77 | €152,689 | €153,462 | +€772 | +0.5% |
| Profit (loss) for the period | 9904 | €458,068 | €500,385 | +€42,317 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €458,068 | €500,385 | +€42,317 | +9.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.