NET: 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.
NET
Largest movements
- Stocks and contracts -€13,335
down €13,335 (-32.0%), from €41,618 to €28,284
- Cash -€4,197
down €4,197 (-90.9%), from €4,617 to €420
mainly Net result for the year (-€43,603) and Receivables within one year (-€1,468)
- Receivables within one year +€1,468
up €1,468 (+19.6%), from €7,503 to €8,970
of which Trade receivables: +€4,837
- Profit (loss) carried forward -€43,603
down €43,603, from €10,831 to -€32,771
- Trade debts +€24,137
up €24,137 (+1,602%), from €1,507 to €25,643
- Tax, wage and social debts +€2,960
up €2,960 (+14.6%), from €20,283 to €23,243
of which Remuneration and social security: +€1,529
- Turnover +€545,538
new in 2025: €545,538
- Purchases and services +€519,269
new in 2025: €519,269
- Gross operating margin -€38,224
down €38,224 (-55.4%), from €68,957 to €30,734
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 | €54,621 | €38,116 | -€16,506 | -30.2% |
| Fixed assets | 21/28 | €883 | €442 | -€442 | -50.0% |
| Tangible fixed assets | 22/27 | €883 | €442 | -€442 | -50.0% |
| Other tangible fixed assets | 26 | €883 | €442 | -€442 | -50.0% |
| Current assets | 29/58 | €53,738 | €37,674 | -€16,064 | -29.9% |
| Stocks and contracts in progress | 3 | €41,618 | €28,284 | -€13,335 | -32.0% |
| Stocks | 30/36 | €41,618 | €28,284 | -€13,335 | -32.0% |
| Amounts receivable within one year | 40/41 | €7,503 | €8,970 | +€1,468 | +19.6% |
| Trade receivables | 40 | - | €4,837 | +€4,837 | |
| Other amounts receivable | 41 | €7,503 | €4,133 | -€3,370 | -44.9% |
| Cash at bank and in hand | 54/58 | €4,617 | €420 | -€4,197 | -90.9% |
| Total equity and liabilities | 10/49 | €54,621 | €38,116 | -€16,506 | -30.2% |
| Equity | 10/15 | €32,831 | -€10,771 | -€43,603 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,831 | -€32,771 | -€43,603 | |
| Amounts payable | 17/49 | €21,790 | €48,887 | +€27,097 | +124% |
| Amounts payable within one year | 42/48 | €21,790 | €48,887 | +€27,097 | +124% |
| Trade debts | 44 | €1,507 | €25,643 | +€24,137 | +1,602% |
| Suppliers | 440/4 | €1,507 | €25,643 | +€24,137 | +1,602% |
| Taxes, remuneration and social security | 45 | €20,283 | €23,243 | +€2,960 | +14.6% |
| Taxes | 450/3 | €3,894 | €5,326 | +€1,432 | +36.8% |
| Remuneration and social security | 454/9 | €16,389 | €17,918 | +€1,529 | +9.3% |
| Turnover | 70 | - | €545,538 | +€545,538 | |
| Non-recurring operating income | 76A | - | €4,383 | +€4,383 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €519,269 | +€519,269 | |
| Remuneration, social security and pensions | 62 | €69,319 | €67,529 | -€1,791 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442 | €442 | = | 0.0% |
| Other operating charges | 640/8 | €6,295 | €4,227 | -€2,068 | -32.9% |
| Gross operating margin | 9900 | €68,957 | €30,734 | -€38,224 | -55.4% |
| Operating profit (loss) | 9901 | -€7,099 | -€41,464 | -€34,365 | -484% |
| Financial income | 75/76B | €396 | €45 | -€351 | -88.5% |
| Recurring financial income | 75 | €396 | €45 | -€351 | -88.5% |
| Financial charges | 65/66B | €286 | €2,184 | +€1,898 | +663% |
| Recurring financial charges | 65 | €286 | €2,184 | +€1,898 | +663% |
| Profit (loss) for the period before taxes | 9903 | -€6,989 | -€43,603 | -€36,613 | -524% |
| Profit (loss) for the period | 9904 | -€6,989 | -€43,603 | -€36,613 | -524% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,989 | -€43,603 | -€36,613 | -524% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.