Netchuu: 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.
Netchuu
Largest movements
- Tangible fixed assets -€15,447
down €15,447 (-4.6%), from €337,069 to €321,622
of which Land and buildings: -€14,897
- Cash -€6,251
down €6,251 (-14.0%), from €44,694 to €38,443
mainly Contributions, distributions and other (-€58,000) and Investment in fixed assets (net) (-€2,363)
- Reserves -€46,000
down €46,000 (-44.7%), from €103,000 to €57,000
- Debts after one year +€16,807
up €16,807 (+7.2%), from €232,459 to €249,266
of which Financial debts: +€16,647
- Current portion of long-term debt +€7,964
up €7,964 (+44.4%), from €17,934 to €25,898
- Gross operating margin +€32,855
up €32,855 (+241.8%), from €13,585 to €46,440
- Depreciation -€5,539
down €5,539 (-23.7%), from €23,350 to €17,811
- Taxes +€1,601
up €1,601 (+729.3%), from €220 to €1,821
- Financial charges +€1,199
up €1,199 (+17.6%), from €6,829 to €8,028
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 | €386,076 | €363,995 | -€22,080 | -5.7% |
| Fixed assets | 21/28 | €337,069 | €321,622 | -€15,447 | -4.6% |
| Tangible fixed assets | 22/27 | €337,069 | €321,622 | -€15,447 | -4.6% |
| Land and buildings | 22 | €327,694 | €312,797 | -€14,897 | -4.5% |
| Plant, machinery and equipment | 23 | €3,778 | €3,996 | +€218 | +5.8% |
| Furniture and vehicles | 24 | €5,597 | €360 | -€5,237 | -93.6% |
| Other tangible fixed assets | 26 | - | €4,469 | +€4,469 | |
| Current assets | 29/58 | €49,006 | €42,373 | -€6,633 | -13.5% |
| Amounts receivable within one year | 40/41 | €4,313 | €3,930 | -€382 | -8.9% |
| Trade receivables | 40 | €3,729 | €1,049 | -€2,680 | -71.9% |
| Other amounts receivable | 41 | €584 | €2,881 | +€2,297 | +393.5% |
| Cash at bank and in hand | 54/58 | €44,694 | €38,443 | -€6,251 | -14.0% |
| Total equity and liabilities | 10/49 | €386,076 | €363,995 | -€22,080 | -5.7% |
| Equity | 10/15 | €122,259 | €76,421 | -€45,838 | -37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,000 | €57,000 | -€46,000 | -44.7% |
| Distributable reserves | 133 | €103,000 | €57,000 | -€46,000 | -44.7% |
| Profit (loss) carried forward | 14 | €659 | €821 | +€162 | +24.6% |
| Amounts payable | 17/49 | €263,817 | €287,575 | +€23,757 | +9.0% |
| Amounts payable after more than one year | 17 | €232,459 | €249,266 | +€16,807 | +7.2% |
| Financial debts | 170/4 | €232,459 | €249,106 | +€16,647 | +7.2% |
| Other amounts payable | 178/9 | - | €160 | +€160 | |
| Amounts payable within one year | 42/48 | €31,358 | €38,308 | +€6,951 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €17,934 | €25,898 | +€7,964 | +44.4% |
| Trade debts | 44 | €7,352 | €5,328 | -€2,024 | -27.5% |
| Suppliers | 440/4 | €7,352 | €5,328 | -€2,024 | -27.5% |
| Taxes, remuneration and social security | 45 | €6,072 | €7,083 | +€1,011 | +16.6% |
| Taxes | 450/3 | €6,072 | €7,083 | +€1,011 | +16.6% |
| Non-recurring operating income | 76A | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,350 | €17,811 | -€5,539 | -23.7% |
| Other operating charges | 640/8 | €1,614 | €1,603 | -€12 | -0.7% |
| Non-recurring operating charges | 66A | €264 | €5,016 | +€4,752 | +1798.0% |
| Gross operating margin | 9900 | €13,585 | €46,440 | +€32,855 | +241.8% |
| Operating profit (loss) | 9901 | -€11,643 | €22,011 | +€33,654 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -81.5% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -81.5% |
| Financial charges | 65/66B | €6,829 | €8,028 | +€1,199 | +17.6% |
| Recurring financial charges | 65 | €6,829 | €8,028 | +€1,199 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,471 | €13,983 | +€32,454 | |
| Income taxes | 67/77 | €220 | €1,821 | +€1,601 | +729.3% |
| Profit (loss) for the period | 9904 | -€18,691 | €12,162 | +€30,853 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,691 | €12,162 | +€30,853 |
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 12 October 2026 via checked.be.