Neteclen: 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.
Neteclen
Largest movements
- Cash +€10,358
up €10,358 (+8.6%), from €119,816 to €130,174
mainly Net result for the year (+€10,130) and Receivables within one year (+€7,983)
- Receivables within one year -€7,983
down €7,983 (-67.9%), from €11,749 to €3,766
of which Other amounts receivable: -€8,086
- Reserves +€10,130
up €10,130 (+25.6%), from €39,560 to €49,690
- Tax, wage and social debts -€6,292
down €6,292 (-46.2%), from €13,611 to €7,320
- Advances received -€2,420
down €2,420 (-80.0%), from €3,025 to €605
- Gross operating margin -€110,677
down €110,677 (-85.9%), from €128,859 to €18,182
- Write-downs -€53,074
no longer reported in 2025 (was €53,074)
- Taxes -€6,306
down €6,306 (-46.3%), from €13,611 to €7,306
- Financial charges -€2,727
down €2,727 (-95.3%), from €2,863 to €136
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 | €133,370 | €135,135 | +€1,764 | +1.3% |
| Fixed assets | 21/28 | €1,805 | €1,194 | -€611 | -33.8% |
| Tangible fixed assets | 22/27 | €1,805 | €1,194 | -€611 | -33.8% |
| Plant, machinery and equipment | 23 | €1,805 | €1,194 | -€611 | -33.8% |
| Current assets | 29/58 | €131,565 | €133,940 | +€2,375 | +1.8% |
| Amounts receivable within one year | 40/41 | €11,749 | €3,766 | -€7,983 | -67.9% |
| Trade receivables | 40 | €2,634 | €2,737 | +€103 | +3.9% |
| Other amounts receivable | 41 | €9,115 | €1,029 | -€8,086 | -88.7% |
| Cash at bank and in hand | 54/58 | €119,816 | €130,174 | +€10,358 | +8.6% |
| Total equity and liabilities | 10/49 | €133,370 | €135,135 | +€1,764 | +1.3% |
| Equity | 10/15 | €102,560 | €112,690 | +€10,130 | +9.9% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €39,560 | €49,690 | +€10,130 | +25.6% |
| Distributable reserves | 133 | €39,560 | €49,690 | +€10,130 | +25.6% |
| Amounts payable | 17/49 | €30,811 | €22,444 | -€8,366 | -27.2% |
| Amounts payable within one year | 42/48 | €30,811 | €22,444 | -€8,366 | -27.2% |
| Trade debts | 44 | €6,085 | €6,465 | +€380 | +6.2% |
| Suppliers | 440/4 | €6,085 | €6,465 | +€380 | +6.2% |
| Advances received on contracts in progress | 46 | €3,025 | €605 | -€2,420 | -80.0% |
| Taxes, remuneration and social security | 45 | €13,611 | €7,320 | -€6,292 | -46.2% |
| Taxes | 450/3 | €13,611 | €7,320 | -€6,292 | -46.2% |
| Other amounts payable | 47/48 | €8,089 | €8,055 | -€34 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27 | €611 | +€584 | +2187.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €53,074 | - | -€53,074 | |
| Gross operating margin | 9900 | €128,859 | €18,182 | -€110,677 | -85.9% |
| Operating profit (loss) | 9901 | €75,758 | €17,572 | -€58,187 | -76.8% |
| Financial charges | 65/66B | €2,863 | €136 | -€2,727 | -95.3% |
| Recurring financial charges | 65 | €2,863 | €136 | -€2,727 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €72,896 | €17,436 | -€55,460 | -76.1% |
| Income taxes | 67/77 | €13,611 | €7,306 | -€6,306 | -46.3% |
| Profit (loss) for the period | 9904 | €59,284 | €10,130 | -€49,154 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,284 | €10,130 | -€49,154 | -82.9% |
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 1 October 2026 via checked.be.