NetCas: 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.
NetCas
Largest movements
- Receivables within one year +€124,617
up €124,617 (+300%), from €41,502 to €166,119
of which Other amounts receivable: +€87,309
- Cash +€12,991
up €12,991 (+9.9%), from €131,088 to €144,079
mainly Trade debts (+€68,805) and Net result for the year (+€66,406)
- Trade debts +€68,805
up €68,805 (+307%), from €22,422 to €91,226
- Reserves +€66,406
up €66,406 (+53.7%), from €123,730 to €190,136
- Other debts -€17,647
down €17,647 (-100%), from €17,647 to €0
- Tax, wage and social debts +€12,027
up €12,027 (+83.7%), from €14,371 to €26,398
- Gross operating margin +€64,343
up €64,343 (+276%), from €23,296 to €87,640
- Taxes +€11,383
up €11,383 (+203%), from €5,597 to €16,980
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 | €196,769 | €327,618 | +€130,849 | +66.5% |
| Fixed assets | 21/28 | €10,778 | €8,635 | -€2,143 | -19.9% |
| Intangible fixed assets | 21 | €3,079 | €2,463 | -€616 | -20.0% |
| Tangible fixed assets | 22/27 | €7,699 | €6,172 | -€1,527 | -19.8% |
| Plant, machinery and equipment | 23 | €5,792 | €5,228 | -€564 | -9.7% |
| Furniture and vehicles | 24 | €252 | €20 | -€232 | -92.1% |
| Other tangible fixed assets | 26 | €1,655 | €924 | -€731 | -44.2% |
| Current assets | 29/58 | €185,991 | €318,983 | +€132,992 | +71.5% |
| Stocks and contracts in progress | 3 | €8,890 | €6,178 | -€2,711 | -30.5% |
| Stocks | 30/36 | €8,890 | €6,178 | -€2,711 | -30.5% |
| Amounts receivable within one year | 40/41 | €41,502 | €166,119 | +€124,617 | +300% |
| Trade receivables | 40 | €32,701 | €70,009 | +€37,308 | +114% |
| Other amounts receivable | 41 | €8,801 | €96,110 | +€87,309 | +992% |
| Cash at bank and in hand | 54/58 | €131,088 | €144,079 | +€12,991 | +9.9% |
| Deferred charges and accrued income | 490/1 | €4,512 | €2,607 | -€1,905 | -42.2% |
| Total equity and liabilities | 10/49 | €196,769 | €327,618 | +€130,849 | +66.5% |
| Equity | 10/15 | €142,330 | €208,736 | +€66,406 | +46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,730 | €190,136 | +€66,406 | +53.7% |
| Distributable reserves | 133 | €123,730 | €190,136 | +€66,406 | +53.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,440 | €118,883 | +€64,443 | +118% |
| Amounts payable within one year | 42/48 | €54,440 | €117,625 | +€63,185 | +116% |
| Trade debts | 44 | €22,422 | €91,226 | +€68,805 | +307% |
| Suppliers | 440/4 | €22,422 | €91,226 | +€68,805 | +307% |
| Taxes, remuneration and social security | 45 | €14,371 | €26,398 | +€12,027 | +83.7% |
| Taxes | 450/3 | €14,371 | €26,398 | +€12,027 | +83.7% |
| Other amounts payable | 47/48 | €17,647 | €0 | -€17,647 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €1,258 | +€1,258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,694 | €3,502 | +€809 | +30.0% |
| Other operating charges | 640/8 | €449 | €753 | +€304 | +67.8% |
| Gross operating margin | 9900 | €23,296 | €87,640 | +€64,343 | +276% |
| Operating profit (loss) | 9901 | €20,154 | €83,384 | +€63,230 | +314% |
| Financial income | 75/76B | €957 | €1,594 | +€637 | +66.6% |
| Recurring financial income | 75 | €957 | €1,594 | +€637 | +66.6% |
| Financial charges | 65/66B | €2,087 | €1,592 | -€496 | -23.7% |
| Recurring financial charges | 65 | €2,087 | €1,592 | -€496 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €19,023 | €83,386 | +€64,363 | +338% |
| Income taxes | 67/77 | €5,597 | €16,980 | +€11,383 | +203% |
| Profit (loss) for the period | 9904 | €13,426 | €66,406 | +€52,980 | +395% |
| Profit (loss) for the period to be appropriated | 9905 | €13,426 | €66,406 | +€52,980 | +395% |
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 14 October 2026 via checked.be.