NETCYCLING: 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.
NETCYCLING
Largest movements
- Cash +€45,035
up €45,035 (+150%), from €30,056 to €75,091
mainly Net result for the year (+€47,838) and Depreciation (+€20,134)
- Receivables within one year -€16,286
down €16,286 (-36.1%), from €45,075 to €28,789
- Tangible fixed assets -€7,479
down €7,479 (-5.4%), from €137,257 to €129,777
of which Leasing and similar rights: -€8,351
- Current investments +€7,000
new in 2025: €7,000
- Profit (loss) carried forward +€47,838
up €47,838 (+93.9%), from €50,923 to €98,761
- Debts after one year -€13,300
down €13,300 (-10.9%), from €122,338 to €109,038
- Other debts -€4,075
down €4,075 (-91.0%), from €4,481 to €405
- Tax, wage and social debts -€2,826
down €2,826 (-12.5%), from €22,628 to €19,803
- Gross operating margin +€29,909
up €29,909 (+55.7%), from €53,710 to €83,619
- Taxes +€5,679
up €5,679 (+76.1%), from €7,467 to €13,146
- Depreciation +€1,703
up €1,703 (+9.2%), from €18,431 to €20,134
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 | €214,802 | €243,237 | +€28,435 | +13.2% |
| Fixed assets | 21/28 | €138,962 | €130,702 | -€8,259 | -5.9% |
| Intangible fixed assets | 21 | €1,705 | €925 | -€780 | -45.7% |
| Tangible fixed assets | 22/27 | €137,257 | €129,777 | -€7,479 | -5.4% |
| Land and buildings | 22 | €101,273 | €93,231 | -€8,042 | -7.9% |
| Plant, machinery and equipment | 23 | €4,349 | €8,120 | +€3,771 | +86.7% |
| Furniture and vehicles | 24 | €3,799 | €8,941 | +€5,142 | +135% |
| Leasing and similar rights | 25 | €27,835 | €19,485 | -€8,351 | -30.0% |
| Current assets | 29/58 | €75,840 | €112,534 | +€36,694 | +48.4% |
| Amounts receivable within one year | 40/41 | €45,075 | €28,789 | -€16,286 | -36.1% |
| Trade receivables | 40 | €45,075 | €28,789 | -€16,286 | -36.1% |
| Current investments | 50/53 | - | €7,000 | +€7,000 | |
| Cash at bank and in hand | 54/58 | €30,056 | €75,091 | +€45,035 | +150% |
| Deferred charges and accrued income | 490/1 | €710 | €1,655 | +€945 | +133% |
| Total equity and liabilities | 10/49 | €214,802 | €243,237 | +€28,435 | +13.2% |
| Equity | 10/15 | €51,923 | €99,761 | +€47,838 | +92.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,923 | €98,761 | +€47,838 | +93.9% |
| Amounts payable | 17/49 | €162,879 | €143,476 | -€19,403 | -11.9% |
| Amounts payable after more than one year | 17 | €122,338 | €109,038 | -€13,300 | -10.9% |
| Financial debts | 170/4 | €122,338 | €109,038 | -€13,300 | -10.9% |
| Amounts payable within one year | 42/48 | €40,529 | €34,438 | -€6,091 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €13,346 | €13,396 | +€50 | +0.4% |
| Trade debts | 44 | €74 | €834 | +€760 | +1,031% |
| Suppliers | 440/4 | €74 | €834 | +€760 | +1,031% |
| Taxes, remuneration and social security | 45 | €22,628 | €19,803 | -€2,826 | -12.5% |
| Taxes | 450/3 | €22,628 | €19,803 | -€2,826 | -12.5% |
| Other amounts payable | 47/48 | €4,481 | €405 | -€4,075 | -91.0% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Non-recurring operating income | 76A | - | €1,188 | +€1,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,431 | €20,134 | +€1,703 | +9.2% |
| Other operating charges | 640/8 | €1,039 | €1,242 | +€203 | +19.6% |
| Gross operating margin | 9900 | €53,710 | €83,619 | +€29,909 | +55.7% |
| Operating profit (loss) | 9901 | €34,241 | €62,243 | +€28,002 | +81.8% |
| Financial income | 75/76B | €23 | €98 | +€74 | +316% |
| Recurring financial income | 75 | €23 | €98 | +€74 | +316% |
| Financial charges | 65/66B | €1,464 | €1,357 | -€107 | -7.3% |
| Recurring financial charges | 65 | €1,464 | €1,357 | -€107 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €32,801 | €60,984 | +€28,183 | +85.9% |
| Income taxes | 67/77 | €7,467 | €13,146 | +€5,679 | +76.1% |
| Profit (loss) for the period | 9904 | €25,334 | €47,838 | +€22,504 | +88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,334 | €47,838 | +€22,504 | +88.8% |
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 14 October 2026 via checked.be.