NETBEL: 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.
NETBEL
Largest movements
- Deferred charges and accrued income +€47,663
up €47,663 (+17.7%), from €268,832 to €316,495
- Profit (loss) carried forward +€63,546
up €63,546 (+47.8%), from -€132,865 to -€69,319
- Debts after one year -€35,612
down €35,612 (-2.6%), from €1.3m to €1.3m
- Tax, wage and social debts +€14,442
new in 2025: €14,442
- Taxes +€14,442
new in 2025: €14,442
- Gross operating margin -€4,220
down €4,220 (-129.6%), from -€3,255 to -€7,475
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 | €1,279,576 | €1,332,130 | +€52,554 | +4.1% |
| Current assets | 29/58 | €1,279,576 | €1,332,130 | +€52,554 | +4.1% |
| Amounts receivable after more than one year | 29 | €980,000 | €980,000 | = | 0.0% |
| Other amounts receivable | 291 | €980,000 | €980,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,795 | €27,458 | -€1,336 | -4.6% |
| Trade receivables | 40 | €12,000 | €12,014 | +€14 | +0.1% |
| Other amounts receivable | 41 | €16,795 | €15,445 | -€1,350 | -8.0% |
| Cash at bank and in hand | 54/58 | €1,949 | €8,176 | +€6,228 | +319.6% |
| Deferred charges and accrued income | 490/1 | €268,832 | €316,495 | +€47,663 | +17.7% |
| Total equity and liabilities | 10/49 | €1,279,576 | €1,332,130 | +€52,554 | +4.1% |
| Equity | 10/15 | -€70,892 | -€7,345 | +€63,546 | +89.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,865 | -€69,319 | +€63,546 | +47.8% |
| Amounts payable | 17/49 | €1,350,468 | €1,339,475 | -€10,992 | -0.8% |
| Amounts payable after more than one year | 17 | €1,349,895 | €1,314,283 | -€35,612 | -2.6% |
| Other amounts payable | 178/9 | €1,349,895 | €1,314,283 | -€35,612 | -2.6% |
| Amounts payable within one year | 42/48 | €273 | €24,442 | +€24,169 | +8849.9% |
| Trade debts | 44 | €273 | - | -€273 | |
| Suppliers | 440/4 | €273 | - | -€273 | |
| Taxes, remuneration and social security | 45 | - | €14,442 | +€14,442 | |
| Taxes | 450/3 | - | €14,442 | +€14,442 | |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €300 | €750 | +€450 | +150.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67 | - | -€67 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€3,255 | -€7,475 | -€4,220 | -129.6% |
| Operating profit (loss) | 9901 | -€4,289 | -€8,474 | -€4,184 | -97.6% |
| Financial income | 75/76B | €86,656 | €86,600 | -€56 | -0.1% |
| Recurring financial income | 75 | €86,656 | €86,600 | -€56 | -0.1% |
| Financial charges | 65/66B | €132 | €138 | +€6 | +4.2% |
| Recurring financial charges | 65 | €132 | €138 | +€6 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €82,235 | €77,989 | -€4,246 | -5.2% |
| Income taxes | 67/77 | - | €14,442 | +€14,442 | |
| Profit (loss) for the period | 9904 | €82,235 | €63,546 | -€18,688 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,235 | €63,546 | -€18,688 | -22.7% |
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 11 October 2026 via checked.be.