NETCOM SOLUTIONS: 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.
NETCOM SOLUTIONS
Largest movements
- Receivables within one year +€59,591
up €59,591 (+63.1%), from €94,507 to €154,098
of which Other amounts receivable: +€42,397
- Cash -€18,593
down €18,593 (-62.7%), from €29,643 to €11,050
mainly Receivables within one year (-€59,591) and Net result for the year (-€56,800)
- Tangible fixed assets -€9,778
down €9,778 (-22.4%), from €43,603 to €33,826
of which Plant, machinery and equipment: -€8,712
- Stocks and contracts +€2,944
up €2,944 (+68.5%), from €4,301 to €7,245
- Trade debts +€62,881
up €62,881 (+89.0%), from €70,628 to €133,509
- Profit (loss) carried forward -€56,800
down €56,800 (-139%), from -€40,965 to -€97,764
- Short-term financial debts +€28,954
up €28,954 (+1,835%), from €1,578 to €30,532
of which Credit institutions: +€30,456
- Tax, wage and social debts +€17,748
up €17,748 (+52.1%), from €34,060 to €51,809
of which Remuneration and social security: +€8,894
- Current portion of long-term debt -€13,890
down €13,890 (-100%), from €13,890 to €0
- Gross operating margin -€117,400
down €117,400 (-50.4%), from €232,963 to €115,563
- Taxes -€19,990
down €19,990 (-98.3%), from €20,335 to €346
- Staff costs +€18,870
up €18,870 (+13.4%), from €140,562 to €159,432
- Depreciation +€7,980
up €7,980 (+240%), from €3,320 to €11,300
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 | €214,660 | €248,713 | +€34,053 | +15.9% |
| Fixed assets | 21/28 | €83,063 | €71,763 | -€11,300 | -13.6% |
| Intangible fixed assets | 21 | €9,008 | €7,486 | -€1,523 | -16.9% |
| Tangible fixed assets | 22/27 | €43,603 | €33,826 | -€9,778 | -22.4% |
| Plant, machinery and equipment | 23 | €41,809 | €33,097 | -€8,712 | -20.8% |
| Furniture and vehicles | 24 | €1,794 | €729 | -€1,066 | -59.4% |
| Financial fixed assets | 28 | €30,451 | €30,451 | = | 0.0% |
| Current assets | 29/58 | €131,597 | €176,951 | +€45,353 | +34.5% |
| Amounts receivable after more than one year | 29 | €781 | €543 | -€238 | -30.5% |
| Other amounts receivable | 291 | €781 | €543 | -€238 | -30.5% |
| Stocks and contracts in progress | 3 | €4,301 | €7,245 | +€2,944 | +68.5% |
| Stocks | 30/36 | €4,301 | €7,245 | +€2,944 | +68.5% |
| Amounts receivable within one year | 40/41 | €94,507 | €154,098 | +€59,591 | +63.1% |
| Trade receivables | 40 | €35,283 | €52,477 | +€17,194 | +48.7% |
| Other amounts receivable | 41 | €59,223 | €101,621 | +€42,397 | +71.6% |
| Current investments | 50/53 | €470 | €470 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,643 | €11,050 | -€18,593 | -62.7% |
| Deferred charges and accrued income | 490/1 | €1,896 | €3,544 | +€1,649 | +87.0% |
| Total equity and liabilities | 10/49 | €214,660 | €248,713 | +€34,053 | +15.9% |
| Equity | 10/15 | €38,212 | -€18,588 | -€56,800 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,576 | €60,576 | = | 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% |
| Distributable reserves | 133 | €58,716 | €58,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,965 | -€97,764 | -€56,800 | -139% |
| Amounts payable | 17/49 | €176,448 | €267,301 | +€90,853 | +51.5% |
| Amounts payable within one year | 42/48 | €176,448 | €267,301 | +€90,853 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €13,890 | €0 | -€13,890 | -100% |
| Financial debts | 43 | €1,578 | €30,532 | +€28,954 | +1,835% |
| Credit institutions | 430/8 | €76 | €30,532 | +€30,456 | +40,249% |
| Other loans | 439 | €1,502 | €0 | -€1,502 | -100% |
| Trade debts | 44 | €70,628 | €133,509 | +€62,881 | +89.0% |
| Suppliers | 440/4 | €70,628 | €133,509 | +€62,881 | +89.0% |
| Taxes, remuneration and social security | 45 | €34,060 | €51,809 | +€17,748 | +52.1% |
| Taxes | 450/3 | €17,693 | €26,547 | +€8,854 | +50.0% |
| Remuneration and social security | 454/9 | €16,368 | €25,262 | +€8,894 | +54.3% |
| Other amounts payable | 47/48 | €56,292 | €51,452 | -€4,840 | -8.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €140,562 | €159,432 | +€18,870 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320 | €11,300 | +€7,980 | +240% |
| Other operating charges | 640/8 | €917 | €643 | -€274 | -29.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €232,963 | €115,563 | -€117,400 | -50.4% |
| Operating profit (loss) | 9901 | €88,164 | -€55,813 | -€143,976 | |
| Financial income | 75/76B | €1,308 | €3,242 | +€1,934 | +148% |
| Recurring financial income | 75 | €1,308 | €3,242 | +€1,934 | +148% |
| Financial charges | 65/66B | €5,559 | €3,884 | -€1,676 | -30.1% |
| Recurring financial charges | 65 | €5,559 | €3,884 | -€1,676 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €83,913 | -€56,454 | -€140,367 | |
| Income taxes | 67/77 | €20,335 | €346 | -€19,990 | -98.3% |
| Profit (loss) for the period | 9904 | €63,577 | -€56,800 | -€120,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,577 | -€56,800 | -€120,377 |
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 25 October 2026 via checked.be.