NETCON: 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.
NETCON
Largest movements
- Receivables after one year +€115,000
up €115,000 (+44.2%), from €260,000 to €375,000
- Tangible fixed assets -€30,505
down €30,505 (-34.9%), from €87,516 to €57,011
of which Land and buildings: -€44,447
- Cash +€8,476
up €8,476 (+129.5%), from €6,545 to €15,020
mainly Net result for the year (+€95,807) and Depreciation (+€17,097)
- Profit (loss) carried forward +€95,807
up €95,807 (+65.2%), from -€146,991 to -€51,184
- Gross operating margin +€154,721
up €154,721, from -€3,539 to €151,182
- Financial income -€4,510
down €4,510 (-39.3%), from €11,472 to €6,962
of which Non-recurring financial income: -€3,000
- Depreciation -€2,902
down €2,902 (-14.5%), from €20,000 to €17,097
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 | €358,709 | €452,752 | +€94,043 | +26.2% |
| Fixed assets | 21/28 | €87,516 | €57,011 | -€30,505 | -34.9% |
| Tangible fixed assets | 22/27 | €87,516 | €57,011 | -€30,505 | -34.9% |
| Land and buildings | 22 | €86,810 | €42,364 | -€44,447 | -51.2% |
| Plant, machinery and equipment | 23 | €706 | €433 | -€273 | -38.6% |
| Furniture and vehicles | 24 | - | €14,214 | +€14,214 | |
| Current assets | 29/58 | €271,193 | €395,741 | +€124,548 | +45.9% |
| Amounts receivable after more than one year | 29 | €260,000 | €375,000 | +€115,000 | +44.2% |
| Trade receivables | 290 | €260,000 | €375,000 | +€115,000 | +44.2% |
| Amounts receivable within one year | 40/41 | €3,449 | €4,865 | +€1,416 | +41.0% |
| Other amounts receivable | 41 | €3,449 | €4,865 | +€1,416 | +41.0% |
| Cash at bank and in hand | 54/58 | €6,545 | €15,020 | +€8,476 | +129.5% |
| Deferred charges and accrued income | 490/1 | €1,200 | €856 | -€344 | -28.6% |
| Total equity and liabilities | 10/49 | €358,709 | €452,752 | +€94,043 | +26.2% |
| Equity | 10/15 | €347,999 | €443,806 | +€95,807 | +27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €476,390 | €476,390 | = | 0.0% |
| Distributable reserves | 133 | €476,390 | €476,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,991 | -€51,184 | +€95,807 | +65.2% |
| Amounts payable | 17/49 | €10,710 | €8,946 | -€1,764 | -16.5% |
| Amounts payable within one year | 42/48 | €10,047 | €8,178 | -€1,869 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,609 | €1,919 | +€309 | +19.2% |
| Suppliers | 440/4 | €1,609 | €1,919 | +€309 | +19.2% |
| Taxes, remuneration and social security | 45 | €8,438 | €6,260 | -€2,179 | -25.8% |
| Taxes | 450/3 | €1,213 | €0 | -€1,213 | -100.0% |
| Remuneration and social security | 454/9 | €7,225 | €6,260 | -€965 | -13.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €663 | €768 | +€105 | +15.8% |
| Remuneration, social security and pensions | 62 | €40,676 | €41,035 | +€359 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,000 | €17,097 | -€2,902 | -14.5% |
| Other operating charges | 640/8 | €4,476 | €3,893 | -€583 | -13.0% |
| Gross operating margin | 9900 | -€3,539 | €151,182 | +€154,721 | |
| Operating profit (loss) | 9901 | -€68,691 | €89,157 | +€157,848 | |
| Financial income | 75/76B | €11,472 | €6,962 | -€4,510 | -39.3% |
| Recurring financial income | 75 | €8,472 | €6,962 | -€1,510 | -17.8% |
| Non-recurring financial income | 76B | €3,000 | €0 | -€3,000 | -100.0% |
| Financial charges | 65/66B | €1,305 | €313 | -€992 | -76.0% |
| Recurring financial charges | 65 | €1,305 | €313 | -€992 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | -€58,524 | €95,807 | +€154,330 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€58,524 | €95,807 | +€154,330 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,524 | €95,807 | +€154,330 |
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 11 October 2026 via checked.be.