NetL: 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.
NetL
Largest movements
- Cash -€6,073
down €6,073 (-31.9%), from €19,022 to €12,949
mainly Other debts (-€5,979) and Receivables within one year (-€2,905)
- Receivables within one year +€2,905
up €2,905 (+37.5%), from €7,741 to €10,647
of which Trade receivables: +€6,286
- Tangible fixed assets +€1,756
up €1,756 (+286.3%), from €613 to €2,369
- Other debts -€5,979
down €5,979 (-99.7%), from €6,000 to €21
- Profit (loss) carried forward +€4,628
up €4,628 (+2074.1%), from €223 to €4,851
- Gross operating margin -€2,448
down €2,448 (-25.2%), from €9,713 to €7,265
- Taxes -€1,150
down €1,150 (-44.9%), from €2,562 to €1,412
- Depreciation +€399
up €399 (+114.8%), from €348 to €748
- Financial income -€114
down €114 (-54.2%), from €210 to €96
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 | €27,377 | €25,965 | -€1,412 | -5.2% |
| Fixed assets | 21/28 | €613 | €2,369 | +€1,756 | +286.3% |
| Tangible fixed assets | 22/27 | €613 | €2,369 | +€1,756 | +286.3% |
| Plant, machinery and equipment | 23 | €613 | €2,369 | +€1,756 | +286.3% |
| Current assets | 29/58 | €26,764 | €23,596 | -€3,168 | -11.8% |
| Amounts receivable within one year | 40/41 | €7,741 | €10,647 | +€2,905 | +37.5% |
| Trade receivables | 40 | €3,334 | €9,620 | +€6,286 | +188.6% |
| Other amounts receivable | 41 | €4,408 | €1,027 | -€3,381 | -76.7% |
| Cash at bank and in hand | 54/58 | €19,022 | €12,949 | -€6,073 | -31.9% |
| Total equity and liabilities | 10/49 | €27,377 | €25,965 | -€1,412 | -5.2% |
| Equity | 10/15 | €18,815 | €23,443 | +€4,628 | +24.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €223 | €4,851 | +€4,628 | +2074.1% |
| Amounts payable | 17/49 | €8,562 | €2,521 | -€6,041 | -70.6% |
| Amounts payable within one year | 42/48 | €8,562 | €2,521 | -€6,041 | -70.6% |
| Taxes, remuneration and social security | 45 | €2,562 | €2,500 | -€61 | -2.4% |
| Taxes | 450/3 | €2,562 | €2,500 | -€61 | -2.4% |
| Other amounts payable | 47/48 | €6,000 | €21 | -€5,979 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €748 | +€399 | +114.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €9,713 | €7,265 | -€2,448 | -25.2% |
| Operating profit (loss) | 9901 | €8,859 | €5,998 | -€2,862 | -32.3% |
| Financial income | 75/76B | €210 | €96 | -€114 | -54.2% |
| Recurring financial income | 75 | €210 | €96 | -€114 | -54.2% |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €9,018 | €6,040 | -€2,978 | -33.0% |
| Income taxes | 67/77 | €2,562 | €1,412 | -€1,150 | -44.9% |
| Profit (loss) for the period | 9904 | €6,456 | €4,628 | -€1,828 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,456 | €4,628 | -€1,828 | -28.3% |
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 4 October 2026 via checked.be.