neT4ce: 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.
neT4ce
Largest movements
- Receivables within one year +€285,595
up €285,595 (+1,181%), from €24,192 to €309,786
of which Trade receivables: +€271,012
- Cash -€104,615
down €104,615 (-41.5%), from €252,368 to €147,753
mainly Receivables within one year (-€285,595) and Investment in fixed assets (net) (-€80,738)
- Tangible fixed assets +€59,069
up €59,069 (+88.1%), from €67,040 to €126,110
of which Furniture and vehicles: +€59,951
- Trade debts +€118,318
up €118,318 (+1,138%), from €10,395 to €128,713
- Reserves +€67,984
up €67,984 (+27.4%), from €248,157 to €316,142
- Profit (loss) carried forward +€58,853
up €58,853, from -€58,853 to €0
- Tax, wage and social debts +€33,031
up €33,031, from €0 to €33,031
- Other debts -€27,771
down €27,771 (-25.0%), from €111,170 to €83,400
- Gross operating margin +€247,623
up €247,623, from -€63,535 to €184,088
- Taxes +€36,345
up €36,345, from €0 to €36,345
- Financial income -€9,798
down €9,798 (-83.3%), from €11,763 to €1,965
- Depreciation +€1,954
up €1,954 (+9.9%), from €19,715 to €21,669
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 | €343,600 | €583,907 | +€240,307 | +69.9% |
| Fixed assets | 21/28 | €67,040 | €126,110 | +€59,069 | +88.1% |
| Tangible fixed assets | 22/27 | €67,040 | €126,110 | +€59,069 | +88.1% |
| Plant, machinery and equipment | 23 | €2,323 | €1,804 | -€520 | -22.4% |
| Furniture and vehicles | 24 | €37,036 | €96,987 | +€59,951 | +162% |
| Other tangible fixed assets | 26 | €27,681 | €27,319 | -€362 | -1.3% |
| Current assets | 29/58 | €276,560 | €457,797 | +€181,238 | +65.5% |
| Amounts receivable within one year | 40/41 | €24,192 | €309,786 | +€285,595 | +1,181% |
| Trade receivables | 40 | €6,562 | €277,574 | +€271,012 | +4,130% |
| Other amounts receivable | 41 | €17,629 | €32,213 | +€14,583 | +82.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €252,368 | €147,753 | -€104,615 | -41.5% |
| Deferred charges and accrued income | 490/1 | - | €257 | +€257 | |
| Total equity and liabilities | 10/49 | €343,600 | €583,907 | +€240,307 | +69.9% |
| Equity | 10/15 | €201,704 | €328,542 | +€126,837 | +62.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €248,157 | €316,142 | +€67,984 | +27.4% |
| Distributable reserves | 133 | €248,157 | €316,142 | +€67,984 | +27.4% |
| Profit (loss) carried forward | 14 | -€58,853 | €0 | +€58,853 | |
| Amounts payable | 17/49 | €141,896 | €255,365 | +€113,470 | +80.0% |
| Amounts payable after more than one year | 17 | €10,221 | €0 | -€10,221 | -100% |
| Financial debts | 170/4 | €10,221 | €0 | -€10,221 | -100% |
| Amounts payable within one year | 42/48 | €131,674 | €255,365 | +€123,691 | +93.9% |
| Current portion of amounts payable after more than one year | 42 | €10,109 | €10,221 | +€112 | +1.1% |
| Trade debts | 44 | €10,395 | €128,713 | +€118,318 | +1,138% |
| Suppliers | 440/4 | €10,395 | €128,713 | +€118,318 | +1,138% |
| Taxes, remuneration and social security | 45 | €0 | €33,031 | +€33,031 | |
| Taxes | 450/3 | €0 | €33,031 | +€33,031 | |
| Other amounts payable | 47/48 | €111,170 | €83,400 | -€27,771 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,715 | €21,669 | +€1,954 | +9.9% |
| Other operating charges | 640/8 | €1,276 | €573 | -€703 | -55.1% |
| Non-recurring operating charges | 66A | €2,728 | €0 | -€2,728 | -100% |
| Gross operating margin | 9900 | -€63,535 | €184,088 | +€247,623 | |
| Operating profit (loss) | 9901 | -€87,254 | €161,846 | +€249,100 | |
| Financial income | 75/76B | €11,763 | €1,965 | -€9,798 | -83.3% |
| Recurring financial income | 75 | €11,763 | €1,965 | -€9,798 | -83.3% |
| Financial charges | 65/66B | €436 | €629 | +€193 | +44.3% |
| Recurring financial charges | 65 | €436 | €629 | +€193 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | -€75,927 | €163,183 | +€239,109 | |
| Income taxes | 67/77 | €0 | €36,345 | +€36,345 | |
| Profit (loss) for the period | 9904 | -€75,927 | €126,837 | +€202,764 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,927 | €126,837 | +€202,764 |
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 21 October 2026 via checked.be.