Netch: 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.
Netch
Largest movements
- Cash +€48,076
up €48,076 (+68.6%), from €70,078 to €118,154
mainly Net result for the year (+€43,652) and Depreciation (+€12,126)
- Tangible fixed assets -€12,126
down €12,126 (-31.1%), from €38,984 to €26,859
- Receivables within one year +€3,887
up €3,887 (+22.5%), from €17,300 to €21,187
of which Trade receivables: +€2,601
- Reserves +€43,652
up €43,652 (+65.0%), from €67,146 to €110,798
- Debts after one year -€10,121
down €10,121 (-41.9%), from €24,176 to €14,055
- Tax, wage and social debts +€7,940
up €7,940 (+104%), from €7,608 to €15,548
- Trade debts -€3,831
down €3,831 (-93.1%), from €4,114 to €283
- Gross operating margin +€8,625
up €8,625 (+13.0%), from €66,433 to €75,059
- Taxes +€6,232
up €6,232 (+57.2%), from €10,902 to €17,134
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 | €126,779 | €166,702 | +€39,923 | +31.5% |
| Fixed assets | 21/28 | €38,984 | €26,859 | -€12,126 | -31.1% |
| Tangible fixed assets | 22/27 | €38,984 | €26,859 | -€12,126 | -31.1% |
| Furniture and vehicles | 24 | €38,984 | €26,859 | -€12,126 | -31.1% |
| Current assets | 29/58 | €87,795 | €139,844 | +€52,049 | +59.3% |
| Amounts receivable within one year | 40/41 | €17,300 | €21,187 | +€3,887 | +22.5% |
| Trade receivables | 40 | €12,585 | €15,187 | +€2,601 | +20.7% |
| Other amounts receivable | 41 | €4,715 | €6,000 | +€1,286 | +27.3% |
| Cash at bank and in hand | 54/58 | €70,078 | €118,154 | +€48,076 | +68.6% |
| Deferred charges and accrued income | 490/1 | €417 | €504 | +€86 | +20.7% |
| Total equity and liabilities | 10/49 | €126,779 | €166,702 | +€39,923 | +31.5% |
| Equity | 10/15 | €71,946 | €115,598 | +€43,652 | +60.7% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | €67,146 | €110,798 | +€43,652 | +65.0% |
| Distributable reserves | 133 | €67,146 | €110,798 | +€43,652 | +65.0% |
| Amounts payable | 17/49 | €54,833 | €51,105 | -€3,729 | -6.8% |
| Amounts payable after more than one year | 17 | €24,176 | €14,055 | -€10,121 | -41.9% |
| Financial debts | 170/4 | €24,176 | €14,055 | -€10,121 | -41.9% |
| Amounts payable within one year | 42/48 | €28,655 | €34,384 | +€5,729 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €9,774 | €10,121 | +€347 | +3.5% |
| Trade debts | 44 | €4,114 | €283 | -€3,831 | -93.1% |
| Suppliers | 440/4 | €4,114 | €283 | -€3,831 | -93.1% |
| Taxes, remuneration and social security | 45 | €7,608 | €15,548 | +€7,940 | +104% |
| Taxes | 450/3 | €7,608 | €15,548 | +€7,940 | +104% |
| Other amounts payable | 47/48 | €7,159 | €8,433 | +€1,273 | +17.8% |
| Accrued charges and deferred income | 492/3 | €2,003 | €2,666 | +€663 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,775 | €12,126 | +€350 | +3.0% |
| Other operating charges | 640/8 | €447 | €585 | +€138 | +30.9% |
| Non-recurring operating charges | 66A | €754 | - | -€754 | |
| Gross operating margin | 9900 | €66,433 | €75,059 | +€8,625 | +13.0% |
| Operating profit (loss) | 9901 | €53,457 | €62,348 | +€8,891 | +16.6% |
| Financial income | 75/76B | €10 | €22 | +€12 | +111% |
| Recurring financial income | 75 | €10 | €22 | +€12 | +111% |
| Financial charges | 65/66B | €1,910 | €1,585 | -€326 | -17.0% |
| Recurring financial charges | 65 | €1,910 | €1,585 | -€326 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €51,557 | €60,785 | +€9,228 | +17.9% |
| Income taxes | 67/77 | €10,902 | €17,134 | +€6,232 | +57.2% |
| Profit (loss) for the period | 9904 | €40,655 | €43,652 | +€2,996 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,655 | €43,652 | +€2,996 | +7.4% |
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 16 October 2026 via checked.be.