NET BEE: 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 BEE
Largest movements
- Intangible fixed assets +€92,705
up €92,705 (+20.1%), from €461,875 to €554,580
- Receivables within one year -€47,225
down €47,225 (-69.6%), from €67,888 to €20,664
of which Trade receivables: -€29,718
- Cash -€20,007
down €20,007 (-65.6%), from €30,486 to €10,478
mainly Investment in fixed assets (net) (-€172,916) and Short-term financial debts (-€20,000)
- Deferred charges and accrued income -€19,635
down €19,635 (-89.7%), from €21,894 to €2,259
- Tangible fixed assets -€14,931
down €14,931 (-56.3%), from €26,533 to €11,602
of which Furniture and vehicles: -€13,718
- Current portion of long-term debt +€23,393
up €23,393 (+99.4%), from €23,534 to €46,926
- Short-term financial debts -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts -€18,352
down €18,352 (-48.3%), from €37,962 to €19,609
of which Remuneration and social security: -€19,634
- Debts after one year +€16,131
up €16,131 (+12.1%), from €133,351 to €149,483
of which Other amounts payable: +€36,107
- Profit (loss) carried forward -€12,749
no longer reported in 2025 (was €12,749)
- Staff costs -€155,489
down €155,489 (-64.6%), from €240,874 to €85,385
- Gross operating margin -€135,722
down €135,722 (-42.1%), from €322,041 to €186,319
- Depreciation +€42,605
up €42,605 (+81.1%), from €52,537 to €95,142
- Financial charges -€9,623
down €9,623 (-63.5%), from €15,145 to €5,522
of which Financial charges: -€7,929
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 | €610,839 | €600,783 | -€10,056 | -1.6% |
| Fixed assets | 21/28 | €488,409 | €566,182 | +€77,774 | +15.9% |
| Intangible fixed assets | 21 | €461,875 | €554,580 | +€92,705 | +20.1% |
| Tangible fixed assets | 22/27 | €26,533 | €11,602 | -€14,931 | -56.3% |
| Plant, machinery and equipment | 23 | €2,314 | €1,438 | -€876 | -37.9% |
| Furniture and vehicles | 24 | €21,598 | €7,880 | -€13,718 | -63.5% |
| Other tangible fixed assets | 26 | €2,622 | €2,284 | -€337 | -12.9% |
| Current assets | 29/58 | €122,431 | €34,601 | -€87,830 | -71.7% |
| Stocks and contracts in progress | 3 | €2,163 | €1,200 | -€963 | -44.5% |
| Stocks | 30/36 | €2,163 | €1,200 | -€963 | -44.5% |
| Amounts receivable within one year | 40/41 | €67,888 | €20,664 | -€47,225 | -69.6% |
| Trade receivables | 40 | €46,996 | €17,278 | -€29,718 | -63.2% |
| Other amounts receivable | 41 | €20,892 | €3,386 | -€17,507 | -83.8% |
| Cash at bank and in hand | 54/58 | €30,486 | €10,478 | -€20,007 | -65.6% |
| Deferred charges and accrued income | 490/1 | €21,894 | €2,259 | -€19,635 | -89.7% |
| Total equity and liabilities | 10/49 | €610,839 | €600,783 | -€10,056 | -1.6% |
| Equity | 10/15 | €363,409 | €360,121 | -€3,288 | -0.9% |
| Contributions | 10/11 | €350,660 | €350,660 | = | 0.0% |
| Reserves | 13 | - | €9,461 | +€9,461 | |
| Distributable reserves | 133 | - | €9,461 | +€9,461 | |
| Profit (loss) carried forward | 14 | €12,749 | - | -€12,749 | |
| Amounts payable | 17/49 | €247,431 | €240,663 | -€6,768 | -2.7% |
| Amounts payable after more than one year | 17 | €133,351 | €149,483 | +€16,131 | +12.1% |
| Financial debts | 170/4 | €60,994 | €41,018 | -€19,976 | -32.8% |
| Other amounts payable | 178/9 | €72,358 | €108,465 | +€36,107 | +49.9% |
| Amounts payable within one year | 42/48 | €96,174 | €85,473 | -€10,701 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €23,534 | €46,926 | +€23,393 | +99.4% |
| Financial debts | 43 | €20,000 | - | -€20,000 | |
| Credit institutions | 430/8 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €14,679 | €18,938 | +€4,259 | +29.0% |
| Suppliers | 440/4 | €14,679 | €18,938 | +€4,259 | +29.0% |
| Taxes, remuneration and social security | 45 | €37,962 | €19,609 | -€18,352 | -48.3% |
| Taxes | 450/3 | €5,305 | €6,587 | +€1,282 | +24.2% |
| Remuneration and social security | 454/9 | €32,657 | €13,022 | -€19,634 | -60.1% |
| Accrued charges and deferred income | 492/3 | €17,905 | €5,707 | -€12,199 | -68.1% |
| Remuneration, social security and pensions | 62 | €240,874 | €85,385 | -€155,489 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,537 | €95,142 | +€42,605 | +81.1% |
| Other operating charges | 640/8 | €1,867 | €3,374 | +€1,507 | +80.7% |
| Gross operating margin | 9900 | €322,041 | €186,319 | -€135,722 | -42.1% |
| Operating profit (loss) | 9901 | €26,763 | €2,417 | -€24,346 | -91.0% |
| Financial income | 75/76B | €2 | €47 | +€45 | +1,921% |
| Recurring financial income | 75 | €2 | €47 | +€45 | +1,921% |
| Financial charges | 65/66B | €15,145 | €5,522 | -€9,623 | -63.5% |
| Recurring financial charges | 65 | €13,451 | €5,522 | -€7,929 | -59.0% |
| Non-recurring financial charges | 66B | €1,694 | - | -€1,694 | |
| Profit (loss) for the period before taxes | 9903 | €11,620 | -€3,058 | -€14,678 | |
| Income taxes | 67/77 | €606 | €230 | -€376 | -62.1% |
| Profit (loss) for the period | 9904 | €11,014 | -€3,288 | -€14,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,014 | -€3,288 | -€14,302 |
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 30 October 2026 via checked.be.