NETELVUUR: 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.
NETELVUUR
Largest movements
- Receivables within one year -€19,178
down €19,178 (-91.2%), from €21,029 to €1,851
of which Other amounts receivable: -€15,723
- Cash +€16,031
up €16,031 (+233%), from €6,881 to €22,912
mainly Receivables within one year (+€19,178) and Depreciation (+€13,561)
- Stocks and contracts -€7,776
down €7,776 (-50.3%), from €15,463 to €7,687
- Tangible fixed assets +€2,019
up €2,019 (+2.1%), from €98,066 to €100,085
of which Other tangible fixed assets: +€15,580
- Debts after one year -€7,000
down €7,000 (-5.7%), from €122,195 to €115,195
- Profit (loss) carried forward -€1,664
down €1,664 (-3.9%), from -€42,560 to -€44,224
- Tax, wage and social debts +€1,609
new in 2025: €1,609
- Trade debts -€1,557
down €1,557 (-86.3%), from €1,804 to €247
- Gross operating margin +€11,510
up €11,510 (+123%), from €9,334 to €20,844
- Purchases and services +€10,466
up €10,466 (+20.6%), from €50,751 to €61,217
- Staff costs -€7,106
down €7,106 (-53.5%), from €13,290 to €6,184
- Depreciation -€6,099
down €6,099 (-31.0%), from €19,660 to €13,561
- Turnover +€5,993
up €5,993 (+11.4%), from €52,771 to €58,764
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 | €148,393 | €139,489 | -€8,904 | -6.0% |
| Fixed assets | 21/28 | €105,020 | €107,039 | +€2,019 | +1.9% |
| Tangible fixed assets | 22/27 | €98,066 | €100,085 | +€2,019 | +2.1% |
| Land and buildings | 22 | €85,586 | €75,353 | -€10,233 | -12.0% |
| Plant, machinery and equipment | 23 | €12,480 | €9,152 | -€3,328 | -26.7% |
| Other tangible fixed assets | 26 | - | €15,580 | +€15,580 | |
| Financial fixed assets | 28 | €6,954 | €6,954 | = | 0.0% |
| Current assets | 29/58 | €43,373 | €32,450 | -€10,923 | -25.2% |
| Stocks and contracts in progress | 3 | €15,463 | €7,687 | -€7,776 | -50.3% |
| Stocks | 30/36 | €15,463 | €7,687 | -€7,776 | -50.3% |
| Amounts receivable within one year | 40/41 | €21,029 | €1,851 | -€19,178 | -91.2% |
| Trade receivables | 40 | €5,306 | €1,851 | -€3,455 | -65.1% |
| Other amounts receivable | 41 | €15,723 | - | -€15,723 | |
| Cash at bank and in hand | 54/58 | €6,881 | €22,912 | +€16,031 | +233% |
| Total equity and liabilities | 10/49 | €148,393 | €139,489 | -€8,904 | -6.0% |
| Equity | 10/15 | €12,154 | €10,490 | -€1,664 | -13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,114 | €36,114 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €17,364 | €17,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,560 | -€44,224 | -€1,664 | -3.9% |
| Amounts payable | 17/49 | €136,239 | €128,999 | -€7,240 | -5.3% |
| Amounts payable after more than one year | 17 | €122,195 | €115,195 | -€7,000 | -5.7% |
| Financial debts | 170/4 | €122,195 | €115,195 | -€7,000 | -5.7% |
| Amounts payable within one year | 42/48 | €14,044 | €13,804 | -€240 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,000 | = | 0.0% |
| Trade debts | 44 | €1,804 | €247 | -€1,557 | -86.3% |
| Suppliers | 440/4 | €1,804 | €247 | -€1,557 | -86.3% |
| Taxes, remuneration and social security | 45 | - | €1,609 | +€1,609 | |
| Taxes | 450/3 | - | €1,609 | +€1,609 | |
| Other amounts payable | 47/48 | €5,240 | €4,948 | -€292 | -5.6% |
| Turnover | 70 | €52,771 | €58,764 | +€5,993 | +11.4% |
| Non-recurring operating income | 76A | €7,314 | €23,298 | +€15,984 | +219% |
| Goods, raw materials, services and sundry goods | 60/61 | €50,751 | €61,217 | +€10,466 | +20.6% |
| Remuneration, social security and pensions | 62 | €13,290 | €6,184 | -€7,106 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,660 | €13,561 | -€6,099 | -31.0% |
| Other operating charges | 640/8 | €2,683 | €1,046 | -€1,637 | -61.0% |
| Gross operating margin | 9900 | €9,334 | €20,844 | +€11,510 | +123% |
| Operating profit (loss) | 9901 | -€26,299 | €53 | +€26,352 | |
| Financial income | 75/76B | €29 | €37 | +€8 | +27.6% |
| Recurring financial income | 75 | €29 | €37 | +€8 | +27.6% |
| Financial charges | 65/66B | €2,102 | €1,583 | -€519 | -24.7% |
| Recurring financial charges | 65 | €2,102 | €1,583 | -€519 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,372 | -€1,493 | +€26,879 | +94.7% |
| Income taxes | 67/77 | €150 | €171 | +€21 | +14.0% |
| Profit (loss) for the period | 9904 | -€28,522 | -€1,664 | +€26,858 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,522 | -€1,664 | +€26,858 | +94.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.