NETCOM ICT: what changed
NETCOM ICT
Largest movements
- Receivables within one year +€64,481
up €64,481 (+154%), from €41,816 to €106,297
of which Trade receivables: +€38,797
- Cash -€45,260
down €45,260 (-99.9%), from €45,298 to €38
mainly Receivables within one year (-€64,481) and Accrued charges and deferred income (-€24,578)
- Deferred charges and accrued income -€23,404
down €23,404 (-75.5%), from €31,009 to €7,605
- Stocks and contracts +€10,177
up €10,177 (+14.4%), from €70,482 to €80,659
- Tangible fixed assets -€7,024
down €7,024 (-2.2%), from €318,846 to €311,822
of which Land and buildings: -€13,706
- Tax, wage and social debts +€29,044
up €29,044 (+148%), from €19,645 to €48,690
of which Taxes: +€28,085
- Accrued charges and deferred income -€24,578
down €24,578 (-80.9%), from €30,397 to €5,819
- Profit (loss) carried forward -€16,246
down €16,246, from €5,441 to -€10,805
- Debts after one year -€15,276
down €15,276 (-10.4%), from €147,368 to €132,092
- Short-term financial debts +€14,643
up €14,643 (+41.1%), from €35,626 to €50,269
- Gross operating margin -€67,893
down €67,893 (-34.8%), from €195,012 to €127,119
- Staff costs +€23,740
up €23,740 (+29.5%), from €80,523 to €104,263
- Taxes -€15,535
no longer reported in 2025 (was €15,535)
- Other operating charges -€13,035
down €13,035 (-82.7%), from €15,769 to €2,734
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,450 | €506,421 | -€1,029 | -0.2% |
| Fixed assets | 21/28 | €318,846 | €311,822 | -€7,024 | -2.2% |
| Tangible fixed assets | 22/27 | €318,846 | €311,822 | -€7,024 | -2.2% |
| Land and buildings | 22 | €242,596 | €228,890 | -€13,706 | -5.6% |
| Plant, machinery and equipment | 23 | €45,610 | €59,212 | +€13,601 | +29.8% |
| Furniture and vehicles | 24 | €30,639 | €23,720 | -€6,919 | -22.6% |
| Current assets | 29/58 | €188,604 | €194,599 | +€5,995 | +3.2% |
| Stocks and contracts in progress | 3 | €70,482 | €80,659 | +€10,177 | +14.4% |
| Stocks | 30/36 | €70,482 | €80,659 | +€10,177 | +14.4% |
| Amounts receivable within one year | 40/41 | €41,816 | €106,297 | +€64,481 | +154% |
| Trade receivables | 40 | €39,251 | €78,048 | +€38,797 | +98.8% |
| Other amounts receivable | 41 | €2,565 | €28,249 | +€25,684 | +1,001% |
| Cash at bank and in hand | 54/58 | €45,298 | €38 | -€45,260 | -99.9% |
| Deferred charges and accrued income | 490/1 | €31,009 | €7,605 | -€23,404 | -75.5% |
| Total equity and liabilities | 10/49 | €507,450 | €506,421 | -€1,029 | -0.2% |
| Equity | 10/15 | €86,401 | €70,155 | -€16,246 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,360 | €62,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,500 | €60,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,441 | -€10,805 | -€16,246 | |
| Amounts payable | 17/49 | €421,049 | €436,266 | +€15,217 | +3.6% |
| Amounts payable after more than one year | 17 | €147,368 | €132,092 | -€15,276 | -10.4% |
| Financial debts | 170/4 | €147,368 | €132,092 | -€15,276 | -10.4% |
| Amounts payable within one year | 42/48 | €243,284 | €298,355 | +€55,071 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €17,844 | €19,776 | +€1,932 | +10.8% |
| Financial debts | 43 | €35,626 | €50,269 | +€14,643 | +41.1% |
| Credit institutions | 430/8 | €35,626 | €50,269 | +€14,643 | +41.1% |
| Trade debts | 44 | €154,605 | €162,578 | +€7,973 | +5.2% |
| Suppliers | 440/4 | €154,605 | €162,578 | +€7,973 | +5.2% |
| Taxes, remuneration and social security | 45 | €19,645 | €48,690 | +€29,044 | +148% |
| Taxes | 450/3 | €11,146 | €39,230 | +€28,085 | +252% |
| Remuneration and social security | 454/9 | €8,500 | €9,460 | +€960 | +11.3% |
| Other amounts payable | 47/48 | €15,563 | €17,042 | +€1,479 | +9.5% |
| Accrued charges and deferred income | 492/3 | €30,397 | €5,819 | -€24,578 | -80.9% |
| Non-recurring operating income | 76A | - | €727 | +€727 | |
| Remuneration, social security and pensions | 62 | €80,523 | €104,263 | +€23,740 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,982 | €24,390 | +€1,408 | +6.1% |
| Other operating charges | 640/8 | €15,769 | €2,734 | -€13,035 | -82.7% |
| Gross operating margin | 9900 | €195,012 | €127,119 | -€67,893 | -34.8% |
| Operating profit (loss) | 9901 | €75,739 | -€4,268 | -€80,007 | |
| Financial income | 75/76B | €21 | €0 | -€21 | -99.9% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -99.9% |
| Financial charges | 65/66B | €10,552 | €11,978 | +€1,426 | +13.5% |
| Recurring financial charges | 65 | €10,552 | €11,978 | +€1,426 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €65,208 | -€16,246 | -€81,455 | |
| Income taxes | 67/77 | €15,535 | - | -€15,535 | |
| Profit (loss) for the period | 9904 | €49,673 | -€16,246 | -€65,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,673 | -€16,246 | -€65,919 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.