NETCO: 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.
NETCO
Largest movements
- Tangible fixed assets +€12,133
up €12,133 (+756%), from €1,605 to €13,737
of which Furniture and vehicles: +€12,754
- Receivables within one year -€12,004
down €12,004 (-67.6%), from €17,758 to €5,754
of which Trade receivables: -€9,953
- Cash +€7,217
up €7,217 (+27.8%), from €25,964 to €33,181
mainly Receivables within one year (+€12,004) and Net result for the year (+€6,558)
- Stocks and contracts -€952
down €952 (-32.9%), from €2,895 to €1,943
- Reserves +€6,558
up €6,558 (+18.2%), from €36,046 to €42,605
of which Distributable reserves: +€6,558
- Tax, wage and social debts -€1,358
down €1,358 (-68.9%), from €1,970 to €612
- Trade debts +€1,193
up €1,193 (+37.2%), from €3,205 to €4,398
- Turnover +€5,259
up €5,259 (+6.4%), from €82,333 to €87,592
- Gross operating margin +€4,280
up €4,280 (+41.6%), from €10,294 to €14,573
- Taxes +€1,634
up €1,634 (+49.5%), from €3,301 to €4,934
- Purchases and services +€1,470
up €1,470 (+1.6%), from €93,351 to €94,821
- Depreciation +€1,334
up €1,334 (+291%), from €458 to €1,791
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 | €48,221 | €54,615 | +€6,394 | +13.3% |
| Fixed assets | 21/28 | €1,605 | €13,737 | +€12,133 | +756% |
| Tangible fixed assets | 22/27 | €1,605 | €13,737 | +€12,133 | +756% |
| Plant, machinery and equipment | 23 | €1,605 | €983 | -€622 | -38.7% |
| Furniture and vehicles | 24 | - | €12,754 | +€12,754 | |
| Current assets | 29/58 | €46,617 | €40,878 | -€5,738 | -12.3% |
| Stocks and contracts in progress | 3 | €2,895 | €1,943 | -€952 | -32.9% |
| Stocks | 30/36 | €2,895 | €1,943 | -€952 | -32.9% |
| Amounts receivable within one year | 40/41 | €17,758 | €5,754 | -€12,004 | -67.6% |
| Trade receivables | 40 | €12,459 | €2,506 | -€9,953 | -79.9% |
| Other amounts receivable | 41 | €5,299 | €3,248 | -€2,051 | -38.7% |
| Cash at bank and in hand | 54/58 | €25,964 | €33,181 | +€7,217 | +27.8% |
| Total equity and liabilities | 10/49 | €48,221 | €54,615 | +€6,394 | +13.3% |
| Equity | 10/15 | €43,046 | €49,605 | +€6,558 | +15.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €7,000 | +€7,000 | |
| Other | 1109/19 | - | €7,000 | +€7,000 | |
| Reserves | 13 | €36,046 | €42,605 | +€6,558 | +18.2% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €33,546 | €40,105 | +€6,558 | +19.6% |
| Amounts payable | 17/49 | €5,175 | €5,010 | -€164 | -3.2% |
| Amounts payable within one year | 42/48 | €5,175 | €5,010 | -€164 | -3.2% |
| Trade debts | 44 | €3,205 | €4,398 | +€1,193 | +37.2% |
| Suppliers | 440/4 | €3,205 | €4,398 | +€1,193 | +37.2% |
| Taxes, remuneration and social security | 45 | €1,970 | €612 | -€1,358 | -68.9% |
| Taxes | 450/3 | €1,970 | €612 | -€1,358 | -68.9% |
| Turnover | 70 | €82,333 | €87,592 | +€5,259 | +6.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,351 | €94,821 | +€1,470 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €1,791 | +€1,334 | +291% |
| Other operating charges | 640/8 | €505 | €575 | +€69 | +13.7% |
| Non-recurring operating charges | 66A | €1,656 | - | -€1,656 | |
| Gross operating margin | 9900 | €10,294 | €14,573 | +€4,280 | +41.6% |
| Operating profit (loss) | 9901 | €7,675 | €12,207 | +€4,533 | +59.1% |
| Financial income | 75/76B | €9 | €1 | -€8 | -93.4% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -93.4% |
| Financial charges | 65/66B | €984 | €715 | -€270 | -27.4% |
| Recurring financial charges | 65 | €984 | €715 | -€270 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €6,699 | €11,493 | +€4,794 | +71.6% |
| Income taxes | 67/77 | €3,301 | €4,934 | +€1,634 | +49.5% |
| Profit (loss) for the period | 9904 | €3,398 | €6,558 | +€3,160 | +93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,398 | €6,558 | +€3,160 | +93.0% |
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 13 October 2026 via checked.be.