NETEXPE: 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.
NETEXPE
Largest movements
- Receivables within one year +€40,003
up €40,003 (+194.0%), from €20,617 to €60,620
of which Trade receivables: +€39,669
- Tangible fixed assets -€14,875
down €14,875 (-3.3%), from €455,557 to €440,682
of which Land and buildings: -€15,632
- Cash +€6,212
new in 2025: €6,212
mainly Other debts (+€72,325) and Advances received (+€48,000)
- Other debts +€72,325
up €72,325 (+32.5%), from €222,412 to €294,737
- Profit (loss) carried forward -€62,321
down €62,321 (-37.6%), from -€165,744 to -€228,065
- Advances received +€48,000
up €48,000 (+192.8%), from €24,900 to €72,900
- Debts after one year -€26,442
down €26,442 (-7.5%), from €352,682 to €326,240
- Gross operating margin -€23,889
down €23,889 (-229.3%), from -€10,417 to -€34,306
- Other operating charges -€941
down €941 (-31.9%), from €2,950 to €2,009
- Financial charges -€837
down €837 (-7.6%), from €11,019 to €10,182
- Depreciation -€527
down €527 (-3.3%), from €16,206 to €15,679
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 | €486,796 | €518,449 | +€31,654 | +6.5% |
| Fixed assets | 21/28 | €465,065 | €450,190 | -€14,875 | -3.2% |
| Tangible fixed assets | 22/27 | €455,557 | €440,682 | -€14,875 | -3.3% |
| Land and buildings | 22 | €455,557 | €439,925 | -€15,632 | -3.4% |
| Furniture and vehicles | 24 | - | €757 | +€757 | |
| Financial fixed assets | 28 | €9,508 | €9,508 | = | 0.0% |
| Current assets | 29/58 | €21,731 | €68,259 | +€46,529 | +214.1% |
| Amounts receivable within one year | 40/41 | €20,617 | €60,620 | +€40,003 | +194.0% |
| Trade receivables | 40 | €20,578 | €60,248 | +€39,669 | +192.8% |
| Other amounts receivable | 41 | €39 | €373 | +€334 | +853.8% |
| Cash at bank and in hand | 54/58 | - | €6,212 | +€6,212 | |
| Deferred charges and accrued income | 490/1 | €1,114 | €1,427 | +€313 | +28.1% |
| Total equity and liabilities | 10/49 | €486,796 | €518,449 | +€31,654 | +6.5% |
| Equity | 10/15 | -€147,144 | -€209,465 | -€62,321 | -42.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,744 | -€228,065 | -€62,321 | -37.6% |
| Amounts payable | 17/49 | €633,940 | €727,914 | +€93,975 | +14.8% |
| Amounts payable after more than one year | 17 | €352,682 | €326,240 | -€26,442 | -7.5% |
| Financial debts | 170/4 | €352,682 | €326,240 | -€26,442 | -7.5% |
| Amounts payable within one year | 42/48 | €280,574 | €401,149 | +€120,574 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €25,747 | €26,442 | +€695 | +2.7% |
| Financial debts | 43 | €1,147 | - | -€1,147 | |
| Credit institutions | 430/8 | €1,147 | - | -€1,147 | |
| Trade debts | 44 | €1,356 | €2,184 | +€828 | +61.1% |
| Suppliers | 440/4 | €1,356 | €2,184 | +€828 | +61.1% |
| Advances received on contracts in progress | 46 | €24,900 | €72,900 | +€48,000 | +192.8% |
| Taxes, remuneration and social security | 45 | €5,013 | €4,886 | -€127 | -2.5% |
| Taxes | 450/3 | €5,013 | €4,886 | -€127 | -2.5% |
| Other amounts payable | 47/48 | €222,412 | €294,737 | +€72,325 | +32.5% |
| Accrued charges and deferred income | 492/3 | €683 | €526 | -€158 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,206 | €15,679 | -€527 | -3.3% |
| Other operating charges | 640/8 | €2,950 | €2,009 | -€941 | -31.9% |
| Gross operating margin | 9900 | -€10,417 | -€34,306 | -€23,889 | -229.3% |
| Operating profit (loss) | 9901 | -€29,572 | -€51,994 | -€22,422 | -75.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,019 | €10,182 | -€837 | -7.6% |
| Recurring financial charges | 65 | €11,019 | €10,182 | -€837 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€40,591 | -€62,175 | -€21,584 | -53.2% |
| Income taxes | 67/77 | €150 | €146 | -€4 | -2.8% |
| Profit (loss) for the period | 9904 | -€40,741 | -€62,321 | -€21,580 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,741 | -€62,321 | -€21,580 | -53.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.