NETEX: 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.
NETEX
Largest movements
- Cash +€105,247
up €105,247 (+9.2%), from €1.1m to €1.3m
mainly Net result for the year (+€93,817) and Receivables within one year (+€4,547)
- Reserves +€93,817
up €93,817 (+8.0%), from €1.2m to €1.3m
of which Distributable reserves: +€93,817
- Gross operating margin -€35,113
down €35,113 (-18.3%), from €192,177 to €157,064
- Financial income -€17,487
down €17,487 (-43.7%), from €40,051 to €22,564
- Other operating charges -€5,876
down €5,876 (-40.8%), from €14,398 to €8,522
- Taxes -€3,745
down €3,745 (-12.9%), from €29,019 to €25,273
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 | €1,287,221 | €1,385,377 | +€98,155 | +7.6% |
| Fixed assets | 21/28 | €0 | €0 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | 0.0% |
| Land and buildings | 22 | €0 | €0 | -€0 | -92.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | +€0 | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €1,287,221 | €1,385,377 | +€98,155 | +7.6% |
| Stocks and contracts in progress | 3 | €27,170 | €24,625 | -€2,545 | -9.4% |
| Stocks | 30/36 | €27,170 | €24,625 | -€2,545 | -9.4% |
| Amounts receivable within one year | 40/41 | €113,906 | €109,359 | -€4,547 | -4.0% |
| Trade receivables | 40 | €109,413 | €103,139 | -€6,274 | -5.7% |
| Other amounts receivable | 41 | €4,493 | €6,220 | +€1,727 | +38.4% |
| Cash at bank and in hand | 54/58 | €1,146,145 | €1,251,392 | +€105,247 | +9.2% |
| Total equity and liabilities | 10/49 | €1,287,221 | €1,385,377 | +€98,155 | +7.6% |
| Equity | 10/15 | €1,186,840 | €1,280,657 | +€93,817 | +7.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,168,248 | €1,262,065 | +€93,817 | +8.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,107 | €2,107 | = | 0.0% |
| Distributable reserves | 133 | €1,164,282 | €1,258,098 | +€93,817 | +8.1% |
| Amounts payable | 17/49 | €100,382 | €104,720 | +€4,338 | +4.3% |
| Amounts payable within one year | 42/48 | €100,382 | €104,720 | +€4,338 | +4.3% |
| Trade debts | 44 | €1,753 | €1,753 | = | 0.0% |
| Suppliers | 440/4 | €1,753 | €1,753 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €45,519 | €49,857 | +€4,338 | +9.5% |
| Taxes | 450/3 | €37,429 | €41,562 | +€4,133 | +11.0% |
| Remuneration and social security | 454/9 | €8,091 | €8,296 | +€205 | +2.5% |
| Other amounts payable | 47/48 | €53,109 | €53,109 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €51,263 | €49,563 | -€1,700 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395 | - | -€395 | |
| Other operating charges | 640/8 | €14,398 | €8,522 | -€5,876 | -40.8% |
| Gross operating margin | 9900 | €192,177 | €157,064 | -€35,113 | -18.3% |
| Operating profit (loss) | 9901 | €126,122 | €98,979 | -€27,143 | -21.5% |
| Financial income | 75/76B | €40,051 | €22,564 | -€17,487 | -43.7% |
| Recurring financial income | 75 | €40,051 | €22,564 | -€17,487 | -43.7% |
| Financial charges | 65/66B | €768 | €2,452 | +€1,684 | +219% |
| Recurring financial charges | 65 | €768 | €2,452 | +€1,684 | +219% |
| Profit (loss) for the period before taxes | 9903 | €165,404 | €119,090 | -€46,314 | -28.0% |
| Income taxes | 67/77 | €29,019 | €25,273 | -€3,745 | -12.9% |
| Profit (loss) for the period | 9904 | €136,386 | €93,817 | -€42,569 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €136,386 | €93,817 | -€42,569 | -31.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.