NETLEAF: 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.
NETLEAF
Largest movements
- Receivables within one year -€621,648
down €621,648 (-14.9%), from €4.2m to €3.5m
of which Trade receivables: -€765,610
- Cash +€345,646
up €345,646 (+179.1%), from €192,953 to €538,599
mainly Receivables within one year (+€621,648) and Other debts (+€613,308)
- Deferred charges and accrued income +€77,725
up €77,725 (+303.3%), from €25,624 to €103,349
- Profit (loss) carried forward -€739,609
down €739,609 (-70.3%), from -€1.1m to -€1.8m
- Other debts +€613,308
up €613,308 (+63.6%), from €963,790 to €1.6m
- Tax, wage and social debts -€259,596
down €259,596 (-58.0%), from €447,643 to €188,047
of which Taxes: -€226,969
- Accrued charges and deferred income +€104,663
up €104,663 (+7.3%), from €1.4m to €1.5m
- Trade debts +€66,422
up €66,422 (+3.0%), from €2.2m to €2.3m
- Gross operating margin -€390,703
down €390,703 (-25.4%), from €1.5m to €1.1m
- Staff costs +€62,611
up €62,611 (+3.7%), from €1.7m to €1.8m
- Other operating charges -€32,814
down €32,814 (-93.9%), from €34,945 to €2,131
- Write-downs +€21,738
up €21,738, from €0 to €21,738
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 | €4,593,861 | €4,379,049 | -€214,812 | -4.7% |
| Fixed assets | 21/28 | €120,661 | €88,922 | -€31,739 | -26.3% |
| Tangible fixed assets | 22/27 | €107,161 | €75,422 | -€31,739 | -29.6% |
| Plant, machinery and equipment | 23 | €20,671 | €14,628 | -€6,043 | -29.2% |
| Furniture and vehicles | 24 | €72,217 | €48,203 | -€24,014 | -33.3% |
| Other tangible fixed assets | 26 | €14,274 | €12,591 | -€1,683 | -11.8% |
| Financial fixed assets | 28 | €13,500 | €13,500 | = | 0.0% |
| Current assets | 29/58 | €4,473,200 | €4,290,127 | -€183,073 | -4.1% |
| Stocks and contracts in progress | 3 | €84,476 | €99,679 | +€15,203 | +18.0% |
| Stocks | 30/36 | €84,476 | €99,679 | +€15,203 | +18.0% |
| Amounts receivable within one year | 40/41 | €4,170,148 | €3,548,500 | -€621,648 | -14.9% |
| Trade receivables | 40 | €3,973,805 | €3,208,195 | -€765,610 | -19.3% |
| Other amounts receivable | 41 | €196,343 | €340,305 | +€143,962 | +73.3% |
| Cash at bank and in hand | 54/58 | €192,953 | €538,599 | +€345,646 | +179.1% |
| Deferred charges and accrued income | 490/1 | €25,624 | €103,349 | +€77,725 | +303.3% |
| Total equity and liabilities | 10/49 | €4,593,861 | €4,379,049 | -€214,812 | -4.7% |
| Equity | 10/15 | -€501,027 | -€1,240,636 | -€739,609 | -147.6% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €487,418 | €487,418 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €481,118 | €481,118 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,051,445 | -€1,791,054 | -€739,609 | -70.3% |
| Amounts payable | 17/49 | €5,094,888 | €5,619,685 | +€524,797 | +10.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,657,608 | €4,077,742 | +€420,134 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,246,175 | €2,312,597 | +€66,422 | +3.0% |
| Suppliers | 440/4 | €2,246,175 | €2,312,597 | +€66,422 | +3.0% |
| Taxes, remuneration and social security | 45 | €447,643 | €188,047 | -€259,596 | -58.0% |
| Taxes | 450/3 | €263,015 | €36,046 | -€226,969 | -86.3% |
| Remuneration and social security | 454/9 | €184,628 | €152,001 | -€32,627 | -17.7% |
| Other amounts payable | 47/48 | €963,790 | €1,577,098 | +€613,308 | +63.6% |
| Accrued charges and deferred income | 492/3 | €1,437,280 | €1,541,943 | +€104,663 | +7.3% |
| Remuneration, social security and pensions | 62 | €1,702,510 | €1,765,121 | +€62,611 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,043 | €31,738 | +€695 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €21,738 | +€21,738 | |
| Other operating charges | 640/8 | €34,945 | €2,131 | -€32,814 | -93.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,537,775 | €1,147,072 | -€390,703 | -25.4% |
| Operating profit (loss) | 9901 | -€230,722 | -€673,656 | -€442,934 | -192.0% |
| Financial income | 75/76B | €9,030 | €13,361 | +€4,331 | +48.0% |
| Recurring financial income | 75 | €9,030 | €13,361 | +€4,331 | +48.0% |
| Financial charges | 65/66B | €65,289 | €74,332 | +€9,043 | +13.9% |
| Recurring financial charges | 65 | €65,289 | €74,332 | +€9,043 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | -€286,981 | -€734,627 | -€447,646 | -156.0% |
| Income taxes | 67/77 | €5,344 | €4,982 | -€362 | -6.8% |
| Profit (loss) for the period | 9904 | -€292,325 | -€739,609 | -€447,284 | -153.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€292,325 | -€739,609 | -€447,284 | -153.0% |
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 9 October 2026 via checked.be.