NETCONNEX: 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.
NETCONNEX
Largest movements
- Current investments +€869,576
up €869,576 (+404%), from €215,362 to €1.1m
- Cash -€526,279
down €526,279 (-70.7%), from €744,419 to €218,140
mainly Current investments (-€869,576) and Deferred charges and accrued income (-€38,754)
- Deferred charges and accrued income +€38,754
up €38,754 (+277%), from €14,002 to €52,757
- Receivables within one year -€32,451
down €32,451 (-26.0%), from €124,977 to €92,525
of which Trade receivables: -€42,106
- Tangible fixed assets +€17,975
up €17,975 (+55.6%), from €32,304 to €50,279
of which Plant, machinery and equipment: +€25,448
- Reserves +€394,928
up €394,928 (+31.3%), from €1.3m to €1.7m
- Provisions -€32,670
down €32,670 (-100%), from €32,670 to €0
- Tax, wage and social debts +€25,672
up €25,672 (+56.0%), from €45,846 to €71,518
- Provisions -€65,340
down €65,340, from €32,670 to -€32,670
- Gross operating margin +€34,769
up €34,769 (+15.1%), from €230,887 to €265,656
- Financial charges +€30,151
up €30,151 (+1,078%), from €2,796 to €32,947
- Financial income +€30,074
up €30,074 (+12.4%), from €241,825 to €271,899
- Taxes +€22,774
up €22,774 (+26.6%), from €85,527 to €108,301
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 | €1,400,313 | €1,778,088 | +€377,775 | +27.0% |
| Fixed assets | 21/28 | €51,554 | €79,729 | +€28,175 | +54.7% |
| Tangible fixed assets | 22/27 | €32,304 | €50,279 | +€17,975 | +55.6% |
| Land and buildings | 22 | €13,825 | €11,512 | -€2,313 | -16.7% |
| Plant, machinery and equipment | 23 | - | €25,448 | +€25,448 | |
| Furniture and vehicles | 24 | €18,479 | €13,319 | -€5,160 | -27.9% |
| Financial fixed assets | 28 | €19,250 | €29,450 | +€10,200 | +53.0% |
| Current assets | 29/58 | €1,348,759 | €1,698,359 | +€349,600 | +25.9% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Trade receivables | 290 | €250,000 | €0 | -€250,000 | -100% |
| Other amounts receivable | 291 | €0 | €250,000 | +€250,000 | |
| Amounts receivable within one year | 40/41 | €124,977 | €92,525 | -€32,451 | -26.0% |
| Trade receivables | 40 | €72,882 | €30,776 | -€42,106 | -57.8% |
| Other amounts receivable | 41 | €52,094 | €61,749 | +€9,655 | +18.5% |
| Current investments | 50/53 | €215,362 | €1,084,937 | +€869,576 | +404% |
| Cash at bank and in hand | 54/58 | €744,419 | €218,140 | -€526,279 | -70.7% |
| Deferred charges and accrued income | 490/1 | €14,002 | €52,757 | +€38,754 | +277% |
| Total equity and liabilities | 10/49 | €1,400,313 | €1,778,088 | +€377,775 | +27.0% |
| Equity | 10/15 | €1,261,375 | €1,656,303 | +€394,928 | +31.3% |
| Reserves | 13 | €1,261,375 | €1,656,303 | +€394,928 | +31.3% |
| Distributable reserves | 133 | €1,261,375 | €1,656,303 | +€394,928 | +31.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €32,670 | €0 | -€32,670 | -100% |
| Provisions for liabilities and charges | 160/5 | €32,670 | €0 | -€32,670 | -100% |
| Environmental obligations | 163 | €32,670 | €0 | -€32,670 | -100% |
| Amounts payable | 17/49 | €106,268 | €121,785 | +€15,517 | +14.6% |
| Amounts payable within one year | 42/48 | €71,965 | €86,888 | +€14,924 | +20.7% |
| Financial debts | 43 | €1,679 | €126 | -€1,553 | -92.5% |
| Credit institutions | 430/8 | €1,679 | €126 | -€1,553 | -92.5% |
| Trade debts | 44 | €24,440 | €15,245 | -€9,195 | -37.6% |
| Suppliers | 440/4 | €24,440 | €15,245 | -€9,195 | -37.6% |
| Taxes, remuneration and social security | 45 | €45,846 | €71,518 | +€25,672 | +56.0% |
| Taxes | 450/3 | €45,846 | €71,518 | +€25,672 | +56.0% |
| Accrued charges and deferred income | 492/3 | €34,304 | €34,897 | +€593 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,817 | €8,912 | +€5,094 | +133% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €32,670 | -€32,670 | -€65,340 | |
| Other operating charges | 640/8 | €7,630 | €287 | -€7,343 | -96.2% |
| Gross operating margin | 9900 | €230,887 | €265,656 | +€34,769 | +15.1% |
| Operating profit (loss) | 9901 | €186,770 | €289,128 | +€102,358 | +54.8% |
| Financial income | 75/76B | €241,825 | €271,899 | +€30,074 | +12.4% |
| Recurring financial income | 75 | €241,825 | €271,899 | +€30,074 | +12.4% |
| Financial charges | 65/66B | €2,796 | €32,947 | +€30,151 | +1,078% |
| Recurring financial charges | 65 | €2,796 | €32,947 | +€30,151 | +1,078% |
| Profit (loss) for the period before taxes | 9903 | €425,799 | €528,080 | +€102,281 | +24.0% |
| Income taxes | 67/77 | €85,527 | €108,301 | +€22,774 | +26.6% |
| Profit (loss) for the period | 9904 | €340,272 | €419,779 | +€79,507 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €340,272 | €419,779 | +€79,507 | +23.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.