INDUSTRIAL NETWORK ENGINEERING: 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.
INDUSTRIAL NETWORK ENGINEERING
Largest movements
- Deferred charges and accrued income -€3,830
no longer reported in 2025 (was €3,830)
- Tangible fixed assets -€1,961
down €1,961 (-31.0%), from €6,336 to €4,374
- Receivables within one year +€1,556
up €1,556 (+434%), from €359 to €1,915
of which Trade receivables: +€1,518
- Cash +€1,281
up €1,281 (+35.2%), from €3,643 to €4,924
mainly Tax, wage and social debts (+€6,698) and Deferred charges and accrued income (+€3,830)
- Financial fixed assets +€165
up €165 (+20.8%), from €795 to €960
- Profit (loss) carried forward -€8,711
down €8,711, from €1,048 to -€7,663
- Tax, wage and social debts +€6,698
up €6,698 (+94.5%), from €7,089 to €13,787
of which Remuneration and social security: +€5,037
- Other debts -€2,763
no longer reported in 2025 (was €2,763)
- Trade debts +€1,987
up €1,987 (+48.9%), from €4,061 to €6,049
- Staff costs +€36,952
up €36,952 (+623%), from €5,927 to €42,879
- Gross operating margin +€24,915
up €24,915 (+217%), from €11,504 to €36,419
- Taxes -€1,741
down €1,741, from €1,732 to -€9
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 | €14,962 | €12,173 | -€2,789 | -18.6% |
| Fixed assets | 21/28 | €7,131 | €5,334 | -€1,796 | -25.2% |
| Tangible fixed assets | 22/27 | €6,336 | €4,374 | -€1,961 | -31.0% |
| Furniture and vehicles | 24 | €6,336 | €4,374 | -€1,961 | -31.0% |
| Financial fixed assets | 28 | €795 | €960 | +€165 | +20.8% |
| Current assets | 29/58 | €7,832 | €6,839 | -€993 | -12.7% |
| Amounts receivable within one year | 40/41 | €359 | €1,915 | +€1,556 | +434% |
| Trade receivables | 40 | €246 | €1,764 | +€1,518 | +616% |
| Other amounts receivable | 41 | €112 | €151 | +€39 | +34.3% |
| Cash at bank and in hand | 54/58 | €3,643 | €4,924 | +€1,281 | +35.2% |
| Deferred charges and accrued income | 490/1 | €3,830 | - | -€3,830 | |
| Total equity and liabilities | 10/49 | €14,962 | €12,173 | -€2,789 | -18.6% |
| Equity | 10/15 | €1,048 | -€7,663 | -€8,711 | |
| Profit (loss) carried forward | 14 | €1,048 | -€7,663 | -€8,711 | |
| Amounts payable | 17/49 | €13,914 | €19,836 | +€5,922 | +42.6% |
| Amounts payable within one year | 42/48 | €13,914 | €19,836 | +€5,922 | +42.6% |
| Trade debts | 44 | €4,061 | €6,049 | +€1,987 | +48.9% |
| Suppliers | 440/4 | €4,061 | €6,049 | +€1,987 | +48.9% |
| Taxes, remuneration and social security | 45 | €7,089 | €13,787 | +€6,698 | +94.5% |
| Taxes | 450/3 | €6,170 | €7,831 | +€1,660 | +26.9% |
| Remuneration and social security | 454/9 | €919 | €5,957 | +€5,037 | +548% |
| Other amounts payable | 47/48 | €2,763 | - | -€2,763 | |
| Remuneration, social security and pensions | 62 | €5,927 | €42,879 | +€36,952 | +623% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,732 | €1,961 | +€230 | +13.3% |
| Other operating charges | 640/8 | €491 | €255 | -€237 | -48.1% |
| Gross operating margin | 9900 | €11,504 | €36,419 | +€24,915 | +217% |
| Operating profit (loss) | 9901 | €3,354 | -€8,676 | -€12,030 | |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €145 | €64 | -€81 | -55.8% |
| Recurring financial charges | 65 | €145 | €64 | -€81 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €3,209 | -€8,721 | -€11,929 | |
| Income taxes | 67/77 | €1,732 | -€9 | -€1,741 | |
| Profit (loss) for the period | 9904 | €1,477 | -€8,711 | -€10,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,477 | -€8,711 | -€10,188 |
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 18 October 2026 via checked.be.