N2Mesh: 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.
N2Mesh
Largest movements
- Receivables within one year +€93,387
up €93,387 (+241%), from €38,714 to €132,101
of which Trade receivables: +€118,038
- Tangible fixed assets +€35,582
new in 2025: €35,582
of which Plant, machinery and equipment: +€31,782
- Stocks and contracts +€14,196
new in 2025: €14,196
- Cash +€6,558
up €6,558 (+207%), from €3,167 to €9,725
mainly Contributions, distributions and other (+€73,130) and Trade debts (+€58,159)
- Trade debts +€58,159
up €58,159 (+991%), from €5,870 to €64,030
- Reserves +€51,050
new in 2025: €51,050
- Tax, wage and social debts +€28,968
up €28,968 (+664%), from €4,363 to €33,331
- Contributions +€11,668
up €11,668 (+467%), from €2,500 to €14,168
- Current portion of long-term debt +€6,876
new in 2025: €6,876
- Gross operating margin +€36,308
up €36,308 (+1,664%), from €2,182 to €38,491
- Staff costs +€29,641
new in 2025: €29,641
- Depreciation +€24,990
new in 2025: €24,990
- Financial income -€831
down €831 (-78.9%), from €1,054 to €223
- Taxes -€587
down €587 (-97.8%), from €600 to €13
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 | €41,881 | €191,865 | +€149,984 | +358% |
| Fixed assets | 21/28 | - | €35,582 | +€35,582 | |
| Tangible fixed assets | 22/27 | - | €35,582 | +€35,582 | |
| Plant, machinery and equipment | 23 | - | €31,782 | +€31,782 | |
| Furniture and vehicles | 24 | - | €3,800 | +€3,800 | |
| Current assets | 29/58 | €41,881 | €156,283 | +€114,402 | +273% |
| Stocks and contracts in progress | 3 | - | €14,196 | +€14,196 | |
| Stocks | 30/36 | - | €14,196 | +€14,196 | |
| Amounts receivable within one year | 40/41 | €38,714 | €132,101 | +€93,387 | +241% |
| Trade receivables | 40 | €7,592 | €125,630 | +€118,038 | +1,555% |
| Other amounts receivable | 41 | €31,122 | €6,470 | -€24,651 | -79.2% |
| Cash at bank and in hand | 54/58 | €3,167 | €9,725 | +€6,558 | +207% |
| Deferred charges and accrued income | 490/1 | - | €261 | +€261 | |
| Total equity and liabilities | 10/49 | €41,881 | €191,865 | +€149,984 | +358% |
| Equity | 10/15 | €31,648 | €87,628 | +€55,980 | +177% |
| Contributions | 10/11 | €2,500 | €14,168 | +€11,668 | +467% |
| Reserves | 13 | - | €51,050 | +€51,050 | |
| Distributable reserves | 133 | - | €51,050 | +€51,050 | |
| Profit (loss) carried forward | 14 | €29,148 | €22,409 | -€6,739 | -23.1% |
| Amounts payable | 17/49 | €10,233 | €104,237 | +€94,004 | +919% |
| Amounts payable within one year | 42/48 | €10,233 | €104,237 | +€94,004 | +919% |
| Current portion of amounts payable after more than one year | 42 | - | €6,876 | +€6,876 | |
| Trade debts | 44 | €5,870 | €64,030 | +€58,159 | +991% |
| Suppliers | 440/4 | €5,870 | €64,030 | +€58,159 | +991% |
| Taxes, remuneration and social security | 45 | €4,363 | €33,331 | +€28,968 | +664% |
| Taxes | 450/3 | €4,363 | €33,331 | +€28,968 | +664% |
| Remuneration, social security and pensions | 62 | - | €29,641 | +€29,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €24,990 | +€24,990 | |
| Other operating charges | 640/8 | €631 | €670 | +€39 | +6.2% |
| Gross operating margin | 9900 | €2,182 | €38,491 | +€36,308 | +1,664% |
| Operating profit (loss) | 9901 | €1,551 | -€16,810 | -€18,361 | |
| Financial income | 75/76B | €1,054 | €223 | -€831 | -78.9% |
| Recurring financial income | 75 | €1,054 | €223 | -€831 | -78.9% |
| Financial charges | 65/66B | €66 | €549 | +€483 | +728% |
| Recurring financial charges | 65 | €66 | €549 | +€483 | +728% |
| Profit (loss) for the period before taxes | 9903 | €2,539 | -€17,136 | -€19,675 | |
| Income taxes | 67/77 | €600 | €13 | -€587 | -97.8% |
| Profit (loss) for the period | 9904 | €1,939 | -€17,150 | -€19,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,939 | -€17,150 | -€19,088 |
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 16 October 2026 via checked.be.