Netconcept: what changed
What changed
Netconcept
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €113,896+€961,134
Equity
€13.1m
2024 · €12.0m+€1.1m
Cash
€39,812
2024 · €391,594-€351,782
Balance sheet total
€16.8m
2024 · €17.3m-€516,264
Largest movements
Assets
- Stocks and contracts -€1.3m
down €1.3m (-51.7%), from €2.5m to €1.2m
- Current investments +€1.3m
up €1.3m (+20.5%), from €6.2m to €7.5m
- Receivables within one year -€400,721
down €400,721 (-9.6%), from €4.2m to €3.8m
of which Other amounts receivable: -€407,779
- Cash -€351,782
down €351,782 (-89.8%), from €391,594 to €39,812
mainly Short-term financial debts (-€1.6m) and Current investments (-€1.3m)
- Financial fixed assets +€250,000
up €250,000 (+19.0%), from €1.3m to €1.6m
Equity and liabilities
- Short-term financial debts -€1.6m
no longer reported in 2025 (was €1.6m)
- Reserves +€1.1m
up €1.1m (+9.1%), from €11.8m to €12.8m
- Other debts -€513,897
no longer reported in 2025 (was €513,897)
- Debts after one year +€500,000
up €500,000 (+16.0%), from €3.1m to €3.6m
of which Financial debts: +€500,000
Income statement
- Financial income +€833,770
up €833,770 (+208%), from €400,140 to €1.2m
- Gross operating margin +€148,212
up €148,212 (+246%), from €60,257 to €208,469
- Financial charges -€93,182
down €93,182 (-68.6%), from €135,858 to €42,676
of which Financial charges: -€52,364
- Other operating charges +€60,177
up €60,177 (+60.4%), from €99,595 to €159,773
- Write-downs +€52,607
new in 2025: €52,607
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.
Result 2024
€113,896
Gross operating margin
+€148,212
Depreciation
-€1,153
Write-downs
-€52,607
Other operating charges
-€60,177
Financial income
+€833,770
Financial charges
+€93,182
Taxes
-€92
Result 2025
€1.1m
raises the resultlowers the result
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.
From operations
+€2.3m
Investment
-€1.5m
Financing
-€1.1m
Cash 2024
€391,594
From operations (derived)
+€2.3m
Net result for the year
+€1.1m
Depreciation
+€111,774
Stocks and contracts
+€1.3m
Receivables within one year
+€400,721
Deferred charges and accrued income
-€92,479
Trade debts
+€12,864
Tax, wage and social debts
-€11,806
Advances received
-€10,000
Other debts
-€513,897
Accrued charges and deferred income
+€31,546
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€268,099
Current investments
-€1.3m
Financing
-€1.1m
Debts after one year
+€500,000
Short-term financial debts
-€1.6m
Cash 2025
€39,812
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,309,491 | €16,793,227 | -€516,264 | -3.0% |
| Fixed assets | 21/28 | €3,991,987 | €4,148,312 | +€156,325 | +3.9% |
| Tangible fixed assets | 22/27 | €2,674,283 | €2,580,608 | -€93,675 | -3.5% |
| Land and buildings | 22 | €2,530,129 | €2,461,139 | -€68,990 | -2.7% |
| Plant, machinery and equipment | 23 | €68,367 | €73,296 | +€4,929 | +7.2% |
| Furniture and vehicles | 24 | €75,786 | €46,172 | -€29,615 | -39.1% |
| Financial fixed assets | 28 | €1,317,704 | €1,567,704 | +€250,000 | +19.0% |
| Current assets | 29/58 | €13,317,504 | €12,644,916 | -€672,588 | -5.1% |
| Stocks and contracts in progress | 3 | €2,489,267 | €1,202,248 | -€1.3m | -51.7% |
| Stocks | 30/36 | €2,489,267 | €1,202,248 | -€1.3m | -51.7% |
| Amounts receivable within one year | 40/41 | €4,195,588 | €3,794,867 | -€400,721 | -9.6% |
| Trade receivables | 40 | €3,025 | €10,083 | +€7,058 | +233% |
| Other amounts receivable | 41 | €4,192,563 | €3,784,784 | -€407,779 | -9.7% |
| Current investments | 50/53 | €6,216,887 | €7,491,342 | +€1.3m | +20.5% |
| Cash at bank and in hand | 54/58 | €391,594 | €39,812 | -€351,782 | -89.8% |
| Deferred charges and accrued income | 490/1 | €24,167 | €116,646 | +€92,479 | +383% |
| Total equity and liabilities | 10/49 | €17,309,491 | €16,793,227 | -€516,264 | -3.0% |
| Equity | 10/15 | €12,008,251 | €13,083,281 | +€1.1m | +9.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | - | €250,000 | +€250,000 | |
| Issued capital | 100 | - | €250,000 | +€250,000 | |
| Contributions outside capital | 11 | €250,000 | - | -€250,000 | |
| Other | 1109/19 | €250,000 | - | -€250,000 | |
| Reserves | 13 | €11,758,251 | €12,833,281 | +€1.1m | +9.1% |
| Distributable reserves | 133 | €11,758,251 | €12,833,281 | +€1.1m | +9.1% |
| Amounts payable | 17/49 | €5,301,240 | €3,709,946 | -€1.6m | -30.0% |
| Amounts payable after more than one year | 17 | €3,122,500 | €3,622,500 | +€500,000 | +16.0% |
| Financial debts | 170/4 | €3,100,000 | €3,600,000 | +€500,000 | +16.1% |
| Other amounts payable | 178/9 | €22,500 | €22,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,149,286 | €26,446 | -€2.1m | -98.8% |
| Financial debts | 43 | €1,600,000 | - | -€1.6m | |
| Credit institutions | 430/8 | €1,600,000 | - | -€1.6m | |
| Trade debts | 44 | €13,222 | €26,086 | +€12,864 | +97.3% |
| Suppliers | 440/4 | €13,222 | €26,086 | +€12,864 | +97.3% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €12,167 | €360 | -€11,806 | -97.0% |
| Taxes | 450/3 | €12,167 | €360 | -€11,806 | -97.0% |
| Other amounts payable | 47/48 | €513,897 | - | -€513,897 | |
| Accrued charges and deferred income | 492/3 | €29,454 | €61,000 | +€31,546 | +107% |
| Non-recurring operating income | 76A | - | €359,795 | +€359,795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,621 | €111,774 | +€1,153 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €52,607 | +€52,607 | |
| Other operating charges | 640/8 | €99,595 | €159,773 | +€60,177 | +60.4% |
| Gross operating margin | 9900 | €60,257 | €208,469 | +€148,212 | +246% |
| Operating profit (loss) | 9901 | -€149,959 | -€115,685 | +€34,274 | +22.9% |
| Financial income | 75/76B | €400,140 | €1,233,910 | +€833,770 | +208% |
| Recurring financial income | 75 | €400,140 | €1,233,910 | +€833,770 | +208% |
| Financial charges | 65/66B | €135,858 | €42,676 | -€93,182 | -68.6% |
| Recurring financial charges | 65 | €135,858 | €83,494 | -€52,364 | -38.5% |
| Non-recurring financial charges | 66B | - | -€40,818 | -€40,818 | |
| Profit (loss) for the period before taxes | 9903 | €114,323 | €1,075,550 | +€961,226 | +841% |
| Income taxes | 67/77 | €427 | €520 | +€92 | +21.6% |
| Profit (loss) for the period | 9904 | €113,896 | €1,075,030 | +€961,134 | +844% |
| Profit (loss) for the period to be appropriated | 9905 | €113,896 | €1,075,030 | +€961,134 | +844% |
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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.