NET 7: 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 7
Largest movements
- Receivables within one year -€46,575
down €46,575 (-58.2%), from €79,960 to €33,385
of which Trade receivables: -€46,575
- Cash +€26,066
up €26,066 (+102.1%), from €25,536 to €51,602
mainly Receivables within one year (+€46,575) and Trade debts (+€9,874)
- Deferred charges and accrued income -€5,434
down €5,434 (-88.5%), from €6,143 to €709
- Current investments +€1,800
up €1,800, from €0 to €1,800
- Financial fixed assets -€1,180
down €1,180 (-95.9%), from €1,230 to €50
- Profit (loss) carried forward -€35,659
down €35,659 (-85.1%), from -€41,903 to -€77,562
- Trade debts +€9,874
up €9,874 (+496.7%), from €1,988 to €11,862
- Tax, wage and social debts -€2,525
down €2,525 (-7.6%), from €33,103 to €30,578
of which Taxes: -€6,543
- Reserves +€1,800
up €1,800 (+16.1%), from €11,155 to €12,955
- Financial income -€12,222
down €12,222 (-98.1%), from €12,462 to €240
of which Non-recurring financial income: -€12,462
- Gross operating margin +€6,221
up €6,221 (+4.6%), from €135,123 to €141,344
- Staff costs +€3,187
up €3,187 (+1.9%), from €165,939 to €169,126
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,187 | €91,584 | -€25,603 | -21.8% |
| Fixed assets | 21/28 | €5,548 | €4,089 | -€1,459 | -26.3% |
| Tangible fixed assets | 22/27 | €4,318 | €4,039 | -€279 | -6.5% |
| Plant, machinery and equipment | 23 | €3,854 | €3,938 | +€84 | +2.2% |
| Furniture and vehicles | 24 | €464 | €101 | -€363 | -78.2% |
| Financial fixed assets | 28 | €1,230 | €50 | -€1,180 | -95.9% |
| Current assets | 29/58 | €111,639 | €87,495 | -€24,144 | -21.6% |
| Amounts receivable within one year | 40/41 | €79,960 | €33,385 | -€46,575 | -58.2% |
| Trade receivables | 40 | €78,783 | €32,208 | -€46,575 | -59.1% |
| Other amounts receivable | 41 | €1,176 | €1,176 | = | 0.0% |
| Current investments | 50/53 | €0 | €1,800 | +€1,800 | |
| Cash at bank and in hand | 54/58 | €25,536 | €51,602 | +€26,066 | +102.1% |
| Deferred charges and accrued income | 490/1 | €6,143 | €709 | -€5,434 | -88.5% |
| Total equity and liabilities | 10/49 | €117,187 | €91,584 | -€25,603 | -21.8% |
| Equity | 10/15 | €80,804 | €46,945 | -€33,859 | -41.9% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €11,155 | €12,955 | +€1,800 | +16.1% |
| Non-distributable reserves | 130/1 | €11,155 | €12,955 | +€1,800 | +16.1% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Own shares acquired | 1312 | €0 | €1,800 | +€1,800 | |
| Profit (loss) carried forward | 14 | -€41,903 | -€77,562 | -€35,659 | -85.1% |
| Amounts payable | 17/49 | €36,383 | €44,639 | +€8,256 | +22.7% |
| Amounts payable within one year | 42/48 | €35,091 | €42,439 | +€7,349 | +20.9% |
| Trade debts | 44 | €1,988 | €11,862 | +€9,874 | +496.7% |
| Suppliers | 440/4 | €1,988 | €11,862 | +€9,874 | +496.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €33,103 | €30,578 | -€2,525 | -7.6% |
| Taxes | 450/3 | €15,627 | €9,084 | -€6,543 | -41.9% |
| Remuneration and social security | 454/9 | €17,476 | €21,493 | +€4,018 | +23.0% |
| Accrued charges and deferred income | 492/3 | €1,292 | €2,200 | +€908 | +70.2% |
| Non-recurring operating income | 76A | €17,126 | €0 | -€17,126 | -100.0% |
| Remuneration, social security and pensions | 62 | €165,939 | €169,126 | +€3,187 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,470 | €2,891 | +€421 | +17.0% |
| Other operating charges | 640/8 | €387 | €466 | +€79 | +20.3% |
| Gross operating margin | 9900 | €135,123 | €141,344 | +€6,221 | +4.6% |
| Operating profit (loss) | 9901 | -€33,673 | -€31,139 | +€2,534 | +7.5% |
| Financial income | 75/76B | €12,462 | €240 | -€12,222 | -98.1% |
| Recurring financial income | 75 | €0 | €240 | +€240 | +342757.1% |
| Non-recurring financial income | 76B | €12,462 | €0 | -€12,462 | -100.0% |
| Financial charges | 65/66B | €1,458 | €2,398 | +€940 | +64.4% |
| Recurring financial charges | 65 | €1,458 | €2,398 | +€940 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,669 | -€33,297 | -€10,627 | -46.9% |
| Income taxes | 67/77 | €568 | €562 | -€6 | -1.1% |
| Profit (loss) for the period | 9904 | -€23,238 | -€33,859 | -€10,621 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,238 | -€33,859 | -€10,621 | -45.7% |
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 9 October 2026 via checked.be.