Netkeys Solution: 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.
Netkeys Solution
Largest movements
- Cash -€11,025
down €11,025 (-4.5%), from €245,337 to €234,312
mainly Net result for the year (-€8,819) and Receivables within one year (-€2,803)
- Profit (loss) carried forward -€8,819
down €8,819 (-3.5%), from €249,875 to €241,056
- Gross operating margin +€17,473
up €17,473 (+88.0%), from -€19,858 to -€2,385
- Financial charges +€6,213
up €6,213 (+2354.9%), from €264 to €6,476
- Financial income -€3,905
down €3,905 (-73.7%), from €5,301 to €1,396
of which Financial income: -€3,840
- Other operating charges -€2,989
down €2,989 (-88.2%), from €3,389 to €400
- Taxes -€406
down €406 (-45.1%), from €898 to €493
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 | €358,687 | €349,832 | -€8,855 | -2.5% |
| Fixed assets | 21/28 | €61,166 | €60,705 | -€461 | -0.8% |
| Intangible fixed assets | 21 | €59,976 | €59,976 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,190 | €729 | -€461 | -38.7% |
| Furniture and vehicles | 24 | €1,190 | €729 | -€461 | -38.7% |
| Current assets | 29/58 | €297,521 | €289,127 | -€8,395 | -2.8% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €25,869 | €25,869 | = | 0.0% |
| Stocks | 30/36 | €25,869 | €25,869 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,639 | €23,442 | +€2,803 | +13.6% |
| Trade receivables | 40 | €11,819 | €14,495 | +€2,677 | +22.6% |
| Other amounts receivable | 41 | €8,820 | €8,947 | +€127 | +1.4% |
| Cash at bank and in hand | 54/58 | €245,337 | €234,312 | -€11,025 | -4.5% |
| Deferred charges and accrued income | 490/1 | €676 | €503 | -€173 | -25.6% |
| Total equity and liabilities | 10/49 | €358,687 | €349,832 | -€8,855 | -2.5% |
| Equity | 10/15 | €263,935 | €255,116 | -€8,819 | -3.3% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,875 | €241,056 | -€8,819 | -3.5% |
| Amounts payable | 17/49 | €94,752 | €94,715 | -€37 | 0.0% |
| Amounts payable after more than one year | 17 | €2,416 | €2,416 | = | 0.0% |
| Other amounts payable | 178/9 | €2,416 | €2,416 | = | 0.0% |
| Amounts payable within one year | 42/48 | €92,336 | €92,299 | -€37 | 0.0% |
| Trade debts | 44 | €47,304 | €47,267 | -€37 | -0.1% |
| Suppliers | 440/4 | €47,304 | €47,267 | -€37 | -0.1% |
| Other amounts payable | 47/48 | €45,032 | €45,032 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €461 | +€223 | +94.1% |
| Other operating charges | 640/8 | €3,389 | €400 | -€2,989 | -88.2% |
| Gross operating margin | 9900 | -€19,858 | -€2,385 | +€17,473 | +88.0% |
| Operating profit (loss) | 9901 | -€23,483 | -€3,245 | +€20,238 | +86.2% |
| Financial income | 75/76B | €5,301 | €1,396 | -€3,905 | -73.7% |
| Recurring financial income | 75 | €5,235 | €1,396 | -€3,840 | -73.3% |
| Non-recurring financial income | 76B | €66 | - | -€66 | |
| Financial charges | 65/66B | €264 | €6,476 | +€6,213 | +2354.9% |
| Recurring financial charges | 65 | €264 | €6,476 | +€6,213 | +2354.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,446 | -€8,326 | +€10,121 | +54.9% |
| Income taxes | 67/77 | €898 | €493 | -€406 | -45.1% |
| Profit (loss) for the period | 9904 | -€19,345 | -€8,819 | +€10,526 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,345 | -€8,819 | +€10,526 | +54.4% |
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 30 September 2026 via checked.be.