NETNA: 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.
NETNA
Largest movements
- Cash -€13,077
down €13,077 (-6.1%), from €213,525 to €200,448
mainly Contributions, distributions and other (-€189,999) and Tax, wage and social debts (-€9,020)
- Receivables within one year +€3,000
new in 2025: €3,000
- Reserves -€192,417
down €192,417 (-94.4%), from €203,854 to €11,437
- Other debts +€190,039
up €190,039 (+158,366%), from €120 to €190,159
- Tax, wage and social debts -€9,020
down €9,020 (-74.3%), from €12,136 to €3,116
- Gross operating margin -€55,333
down €55,333, from €54,683 to -€650
- Taxes -€10,813
no longer reported in 2025 (was €10,813)
- Depreciation -€650
down €650 (-35.7%), from €1,823 to €1,173
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 | €217,440 | €206,211 | -€11,229 | -5.2% |
| Fixed assets | 21/28 | €3,726 | €2,554 | -€1,172 | -31.5% |
| Tangible fixed assets | 22/27 | €3,726 | €2,554 | -€1,172 | -31.5% |
| Plant, machinery and equipment | 23 | €516 | €250 | -€266 | -51.6% |
| Furniture and vehicles | 24 | €3,210 | €2,304 | -€906 | -28.2% |
| Current assets | 29/58 | €213,714 | €203,657 | -€10,057 | -4.7% |
| Amounts receivable within one year | 40/41 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €213,525 | €200,448 | -€13,077 | -6.1% |
| Deferred charges and accrued income | 490/1 | €189 | €209 | +€20 | +10.6% |
| Total equity and liabilities | 10/49 | €217,440 | €206,211 | -€11,229 | -5.2% |
| Equity | 10/15 | €204,354 | €11,937 | -€192,417 | -94.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €203,854 | €11,437 | -€192,417 | -94.4% |
| Distributable reserves | 133 | €203,854 | €11,437 | -€192,417 | -94.4% |
| Amounts payable | 17/49 | €13,086 | €194,274 | +€181,188 | +1,385% |
| Amounts payable within one year | 42/48 | €12,256 | €193,443 | +€181,187 | +1,478% |
| Trade debts | 44 | - | €168 | +€168 | |
| Suppliers | 440/4 | - | €168 | +€168 | |
| Taxes, remuneration and social security | 45 | €12,136 | €3,116 | -€9,020 | -74.3% |
| Taxes | 450/3 | €12,136 | €3,116 | -€9,020 | -74.3% |
| Other amounts payable | 47/48 | €120 | €190,159 | +€190,039 | +158,366% |
| Accrued charges and deferred income | 492/3 | €830 | €831 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,823 | €1,173 | -€650 | -35.7% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €54,683 | -€650 | -€55,333 | |
| Operating profit (loss) | 9901 | €52,473 | -€2,223 | -€54,696 | |
| Financial charges | 65/66B | €180 | €195 | +€15 | +8.3% |
| Recurring financial charges | 65 | €180 | €195 | +€15 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €52,293 | -€2,418 | -€54,711 | |
| Income taxes | 67/77 | €10,813 | - | -€10,813 | |
| Profit (loss) for the period | 9904 | €41,480 | -€2,418 | -€43,898 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,480 | -€2,418 | -€43,898 |
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 20 October 2026 via checked.be.