Net Hero: what changed
Two fiscal 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 Hero
Largest movements
- Cash -€60,336
down €60,336 (-32.6%), from €184,888 to €124,553
mainly Contributions, distributions and other (-€181,768) and Investment in fixed assets (net) (-€79,489)
- Tangible fixed assets +€53,985
up €53,985 (+733.2%), from €7,363 to €61,347
- Receivables within one year -€11,163
down €11,163 (-21.1%), from €52,964 to €41,801
of which Other amounts receivable: -€37,725
- Reserves -€111,946
down €111,946 (-53.2%), from €210,306 to €98,360
- Other debts +€66,103
up €66,103, from €0 to €66,103
- Trade debts +€14,474
up €14,474 (+592.8%), from €2,442 to €16,916
- Tax, wage and social debts +€13,607
up €13,607 (+50.7%), from €26,830 to €40,437
- Gross operating margin +€53,175
up €53,175 (+80.3%), from €66,260 to €119,435
- Depreciation +€18,753
up €18,753 (+277.7%), from €6,752 to €25,504
- Taxes +€5,196
up €5,196 (+29.5%), from €17,612 to €22,808
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 | €246,578 | €228,815 | -€17,762 | -7.2% |
| Fixed assets | 21/28 | €7,363 | €61,347 | +€53,985 | +733.2% |
| Tangible fixed assets | 22/27 | €7,363 | €61,347 | +€53,985 | +733.2% |
| Furniture and vehicles | 24 | €7,363 | €61,347 | +€53,985 | +733.2% |
| Current assets | 29/58 | €239,215 | €167,468 | -€71,747 | -30.0% |
| Amounts receivable within one year | 40/41 | €52,964 | €41,801 | -€11,163 | -21.1% |
| Trade receivables | 40 | €12,294 | €38,856 | +€26,562 | +216.1% |
| Other amounts receivable | 41 | €40,671 | €2,945 | -€37,725 | -92.8% |
| Cash at bank and in hand | 54/58 | €184,888 | €124,553 | -€60,336 | -32.6% |
| Deferred charges and accrued income | 490/1 | €1,362 | €1,114 | -€248 | -18.2% |
| Total equity and liabilities | 10/49 | €246,578 | €228,815 | -€17,762 | -7.2% |
| Equity | 10/15 | €217,306 | €105,360 | -€111,946 | -51.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €210,306 | €98,360 | -€111,946 | -53.2% |
| Distributable reserves | 133 | €210,306 | €98,360 | -€111,946 | -53.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,271 | €123,455 | +€94,184 | +321.8% |
| Amounts payable within one year | 42/48 | €29,271 | €123,455 | +€94,184 | +321.8% |
| Trade debts | 44 | €2,442 | €16,916 | +€14,474 | +592.8% |
| Suppliers | 440/4 | €2,442 | €16,916 | +€14,474 | +592.8% |
| Taxes, remuneration and social security | 45 | €26,830 | €40,437 | +€13,607 | +50.7% |
| Taxes | 450/3 | €26,830 | €40,437 | +€13,607 | +50.7% |
| Other amounts payable | 47/48 | €0 | €66,103 | +€66,103 | |
| Non-recurring operating income | 76A | €14,373 | €0 | -€14,373 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,752 | €25,504 | +€18,753 | +277.7% |
| Other operating charges | 640/8 | €0 | €679 | +€679 | |
| Gross operating margin | 9900 | €66,260 | €119,435 | +€53,175 | +80.3% |
| Operating profit (loss) | 9901 | €59,509 | €93,252 | +€33,744 | +56.7% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €1,536 | €628 | -€909 | -59.2% |
| Recurring financial charges | 65 | €1,536 | €628 | -€909 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €57,972 | €92,630 | +€34,657 | +59.8% |
| Income taxes | 67/77 | €17,612 | €22,808 | +€5,196 | +29.5% |
| Profit (loss) for the period | 9904 | €40,360 | €69,822 | +€29,462 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,360 | €69,822 | +€29,462 | +73.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.