NETIKA GROUP: 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.
NETIKA GROUP
Largest movements
- Tangible fixed assets -€849,434
down €849,434 (-94.3%), from €900,723 to €51,289
of which Leasing and similar rights: -€811,498
- Cash -€96,554
down €96,554 (-62.4%), from €154,653 to €58,099
mainly Debts after one year (-€1.0m) and Other debts (-€60,000)
- Receivables within one year -€42,940
down €42,940 (-16.8%), from €255,741 to €212,801
of which Other amounts receivable: -€110,300
- Debts after one year -€1.0m
no longer reported in 2025 (was €1.0m)
- Profit (loss) carried forward +€126,222
new in 2025: €126,222
- Other debts -€60,000
down €60,000 (-37.5%), from €160,000 to €100,000
- Financial charges -€59,453
down €59,453 (-79.1%), from €75,194 to €15,741
- Depreciation -€43,885
down €43,885 (-94.4%), from €46,496 to €2,611
- Staff costs -€43,635
down €43,635 (-76.4%), from €57,106 to €13,471
- Other operating charges +€24,061
up €24,061 (+260%), from €9,269 to €33,330
- Gross operating margin +€23,632
up €23,632 (+14.3%), from €165,714 to €189,346
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 | €1,737,700 | €740,622 | -€997,078 | -57.4% |
| Fixed assets | 21/28 | €1,314,923 | €461,289 | -€853,634 | -64.9% |
| Tangible fixed assets | 22/27 | €900,723 | €51,289 | -€849,434 | -94.3% |
| Plant, machinery and equipment | 23 | €7,394 | - | -€7,394 | |
| Furniture and vehicles | 24 | €81,831 | €51,289 | -€30,542 | -37.3% |
| Leasing and similar rights | 25 | €811,498 | - | -€811,498 | |
| Financial fixed assets | 28 | €414,200 | €410,000 | -€4,200 | -1.0% |
| Current assets | 29/58 | €422,777 | €279,333 | -€143,444 | -33.9% |
| Amounts receivable within one year | 40/41 | €255,741 | €212,801 | -€42,940 | -16.8% |
| Trade receivables | 40 | €56,440 | €123,800 | +€67,360 | +119% |
| Other amounts receivable | 41 | €199,301 | €89,001 | -€110,300 | -55.3% |
| Cash at bank and in hand | 54/58 | €154,653 | €58,099 | -€96,554 | -62.4% |
| Deferred charges and accrued income | 490/1 | €12,383 | €8,433 | -€3,950 | -31.9% |
| Total equity and liabilities | 10/49 | €1,737,700 | €740,622 | -€997,078 | -57.4% |
| Equity | 10/15 | €469,560 | €595,782 | +€126,222 | +26.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €219,560 | €219,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,799 | €15,799 | = | 0.0% |
| Distributable reserves | 133 | €178,761 | €178,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €126,222 | +€126,222 | |
| Amounts payable | 17/49 | €1,268,140 | €144,840 | -€1.1m | -88.6% |
| Amounts payable after more than one year | 17 | €1,047,127 | - | -€1.0m | |
| Financial debts | 170/4 | €1,047,127 | - | -€1.0m | |
| Amounts payable within one year | 42/48 | €218,914 | €144,285 | -€74,629 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €6,631 | - | -€6,631 | |
| Trade debts | 44 | €37,476 | €22,798 | -€14,678 | -39.2% |
| Suppliers | 440/4 | €37,476 | €22,798 | -€14,678 | -39.2% |
| Taxes, remuneration and social security | 45 | €14,807 | €21,487 | +€6,680 | +45.1% |
| Taxes | 450/3 | €9,564 | €21,487 | +€11,923 | +125% |
| Remuneration and social security | 454/9 | €5,243 | - | -€5,243 | |
| Other amounts payable | 47/48 | €160,000 | €100,000 | -€60,000 | -37.5% |
| Accrued charges and deferred income | 492/3 | €2,099 | €555 | -€1,544 | -73.6% |
| Non-recurring operating income | 76A | €150,522 | €236,357 | +€85,835 | +57.0% |
| Remuneration, social security and pensions | 62 | €57,106 | €13,471 | -€43,635 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,496 | €2,611 | -€43,885 | -94.4% |
| Other operating charges | 640/8 | €9,269 | €33,330 | +€24,061 | +260% |
| Non-recurring operating charges | 66A | - | €7,394 | +€7,394 | |
| Gross operating margin | 9900 | €165,714 | €189,346 | +€23,632 | +14.3% |
| Operating profit (loss) | 9901 | €52,843 | €132,540 | +€79,697 | +151% |
| Financial income | 75/76B | €15,389 | €9,423 | -€5,966 | -38.8% |
| Recurring financial income | 75 | €15,389 | €9,423 | -€5,966 | -38.8% |
| Financial charges | 65/66B | €75,194 | €15,741 | -€59,453 | -79.1% |
| Recurring financial charges | 65 | €75,194 | €15,741 | -€59,453 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,962 | €126,222 | +€133,184 | |
| Income taxes | 67/77 | €338 | - | -€338 | |
| Profit (loss) for the period | 9904 | -€7,300 | €126,222 | +€133,522 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,300 | €126,222 | +€133,522 |
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 16 October 2026 via checked.be.