NETCURE: what changed
Two fiscal 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.
NETCURE
Largest movements
- Intangible fixed assets +€86,000
new in 2025: €86,000
- Deferred charges and accrued income +€40,001
up €40,001 (+151.8%), from €26,344 to €66,345
- Cash +€10,846
up €10,846 (+918.0%), from €1,182 to €12,028
mainly Other debts (+€194,193) and Trade debts (+€68,157)
- Other debts +€194,193
up €194,193 (+274.4%), from €70,770 to €264,963
- Short-term financial debts -€78,221
down €78,221 (-39.4%), from €198,606 to €120,385
- Trade debts +€68,157
up €68,157 (+102.7%), from €66,395 to €134,552
- Tax, wage and social debts -€46,045
down €46,045 (-52.5%), from €87,685 to €41,640
of which Taxes: -€35,732
- Current portion of long-term debt -€16,960
down €16,960 (-65.6%), from €25,841 to €8,882
- Gross operating margin +€47,941
up €47,941 (+16.0%), from €300,091 to €348,031
- Staff costs +€35,415
up €35,415 (+13.5%), from €262,683 to €298,097
- Financial charges +€5,985
up €5,985 (+36.0%), from €16,645 to €22,631
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 | €548,374 | €682,930 | +€134,556 | +24.5% |
| Fixed assets | 21/28 | €34,237 | €115,385 | +€81,148 | +237.0% |
| Intangible fixed assets | 21 | - | €86,000 | +€86,000 | |
| Tangible fixed assets | 22/27 | €19,087 | €14,235 | -€4,852 | -25.4% |
| Furniture and vehicles | 24 | €19,087 | €14,235 | -€4,852 | -25.4% |
| Financial fixed assets | 28 | €15,150 | €15,150 | = | 0.0% |
| Current assets | 29/58 | €514,138 | €567,545 | +€53,407 | +10.4% |
| Amounts receivable within one year | 40/41 | €486,612 | €489,172 | +€2,560 | +0.5% |
| Trade receivables | 40 | €486,612 | €489,172 | +€2,560 | +0.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,182 | €12,028 | +€10,846 | +918.0% |
| Deferred charges and accrued income | 490/1 | €26,344 | €66,345 | +€40,001 | +151.8% |
| Total equity and liabilities | 10/49 | €548,374 | €682,930 | +€134,556 | +24.5% |
| Equity | 10/15 | €95,775 | €100,672 | +€4,897 | +5.1% |
| Contributions | 10/11 | €6,321 | €6,321 | = | 0.0% |
| Reserves | 13 | €89,454 | €94,350 | +€4,897 | +5.5% |
| Distributable reserves | 133 | €89,454 | €94,350 | +€4,897 | +5.5% |
| Amounts payable | 17/49 | €452,599 | €582,258 | +€129,659 | +28.6% |
| Amounts payable after more than one year | 17 | €2,174 | €0 | -€2,174 | -100.0% |
| Financial debts | 170/4 | €2,174 | €0 | -€2,174 | -100.0% |
| Amounts payable within one year | 42/48 | €449,297 | €570,422 | +€121,125 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €25,841 | €8,882 | -€16,960 | -65.6% |
| Financial debts | 43 | €198,606 | €120,385 | -€78,221 | -39.4% |
| Credit institutions | 430/8 | €198,606 | €120,385 | -€78,221 | -39.4% |
| Trade debts | 44 | €66,395 | €134,552 | +€68,157 | +102.7% |
| Suppliers | 440/4 | €66,395 | €134,552 | +€68,157 | +102.7% |
| Taxes, remuneration and social security | 45 | €87,685 | €41,640 | -€46,045 | -52.5% |
| Taxes | 450/3 | €45,668 | €9,936 | -€35,732 | -78.2% |
| Remuneration and social security | 454/9 | €42,017 | €31,705 | -€10,313 | -24.5% |
| Other amounts payable | 47/48 | €70,770 | €264,963 | +€194,193 | +274.4% |
| Accrued charges and deferred income | 492/3 | €1,129 | €11,836 | +€10,708 | +948.8% |
| Remuneration, social security and pensions | 62 | €262,683 | €298,097 | +€35,415 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,086 | €11,146 | -€1,940 | -14.8% |
| Other operating charges | 640/8 | €1,412 | €2,162 | +€750 | +53.1% |
| Non-recurring operating charges | 66A | - | €3,498 | +€3,498 | |
| Gross operating margin | 9900 | €300,091 | €348,031 | +€47,941 | +16.0% |
| Operating profit (loss) | 9901 | €22,909 | €33,128 | +€10,218 | +44.6% |
| Financial income | 75/76B | €112 | €50 | -€62 | -55.3% |
| Recurring financial income | 75 | €112 | €50 | -€62 | -55.3% |
| Financial charges | 65/66B | €16,645 | €22,631 | +€5,985 | +36.0% |
| Recurring financial charges | 65 | €16,645 | €22,631 | +€5,985 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €6,376 | €10,547 | +€4,171 | +65.4% |
| Income taxes | 67/77 | €4,165 | €5,650 | +€1,485 | +35.7% |
| Profit (loss) for the period | 9904 | €2,211 | €4,897 | +€2,686 | +121.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,211 | €4,897 | +€2,686 | +121.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.