NETO: 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.
NETO
Largest movements
- Receivables within one year -€57,059
down €57,059 (-89.6%), from €63,710 to €6,652
of which Trade receivables: -€32,565
- Tangible fixed assets -€34,661
down €34,661 (-34.1%), from €101,764 to €67,103
of which Leasing and similar rights: -€19,531
- Deferred charges and accrued income -€2,146
down €2,146 (-15.7%), from €13,668 to €11,522
- Profit (loss) carried forward -€75,126
down €75,126 (-69.5%), from €108,054 to €32,928
- Trade debts -€25,994
down €25,994 (-74.6%), from €34,858 to €8,864
- Other debts +€10,478
up €10,478 (+1456.3%), from €719 to €11,197
- Debts after one year -€5,137
down €5,137 (-35.4%), from €14,524 to €9,387
- Gross operating margin -€91,290
down €91,290, from €61,325 to -€29,965
- Depreciation -€15,567
down €15,567 (-42.5%), from €36,627 to €21,060
- Other operating charges +€13,483
up €13,483 (+512.0%), from €2,634 to €16,116
- Taxes +€4,410
up €4,410 (+4265.8%), from €103 to €4,513
- Staff costs +€687
new in 2025: €687
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 | €184,802 | €87,973 | -€96,829 | -52.4% |
| Fixed assets | 21/28 | €101,764 | €67,103 | -€34,661 | -34.1% |
| Tangible fixed assets | 22/27 | €101,764 | €67,103 | -€34,661 | -34.1% |
| Plant, machinery and equipment | 23 | €16,952 | €13,195 | -€3,757 | -22.2% |
| Furniture and vehicles | 24 | €41,577 | €22,491 | -€19,087 | -45.9% |
| Leasing and similar rights | 25 | €19,531 | - | -€19,531 | |
| Other tangible fixed assets | 26 | €23,704 | €31,417 | +€7,714 | +32.5% |
| Current assets | 29/58 | €83,038 | €20,870 | -€62,168 | -74.9% |
| Stocks and contracts in progress | 3 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Stocks | 30/36 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Amounts receivable within one year | 40/41 | €63,710 | €6,652 | -€57,059 | -89.6% |
| Trade receivables | 40 | €35,192 | €2,628 | -€32,565 | -92.5% |
| Other amounts receivable | 41 | €28,518 | €4,024 | -€24,494 | -85.9% |
| Cash at bank and in hand | 54/58 | €2,660 | €1,196 | -€1,463 | -55.0% |
| Deferred charges and accrued income | 490/1 | €13,668 | €11,522 | -€2,146 | -15.7% |
| Total equity and liabilities | 10/49 | €184,802 | €87,973 | -€96,829 | -52.4% |
| Equity | 10/15 | €128,514 | €53,388 | -€75,126 | -58.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,054 | €32,928 | -€75,126 | -69.5% |
| Amounts payable | 17/49 | €56,288 | €34,585 | -€21,703 | -38.6% |
| Amounts payable after more than one year | 17 | €14,524 | €9,387 | -€5,137 | -35.4% |
| Financial debts | 170/4 | €14,524 | €9,387 | -€5,137 | -35.4% |
| Amounts payable within one year | 42/48 | €41,764 | €25,198 | -€16,566 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €6,187 | €5,137 | -€1,049 | -17.0% |
| Trade debts | 44 | €34,858 | €8,864 | -€25,994 | -74.6% |
| Suppliers | 440/4 | €34,858 | €8,864 | -€25,994 | -74.6% |
| Other amounts payable | 47/48 | €719 | €11,197 | +€10,478 | +1456.3% |
| Non-recurring operating income | 76A | - | €1,956 | +€1,956 | |
| Remuneration, social security and pensions | 62 | - | €687 | +€687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,627 | €21,060 | -€15,567 | -42.5% |
| Other operating charges | 640/8 | €2,634 | €16,116 | +€13,483 | +512.0% |
| Non-recurring operating charges | 66A | - | €25 | +€25 | |
| Gross operating margin | 9900 | €61,325 | -€29,965 | -€91,290 | |
| Operating profit (loss) | 9901 | €22,065 | -€67,852 | -€89,917 | |
| Financial income | 75/76B | €340 | €93 | -€247 | -72.7% |
| Recurring financial income | 75 | €340 | €93 | -€247 | -72.7% |
| Financial charges | 65/66B | €2,252 | €2,853 | +€601 | +26.7% |
| Recurring financial charges | 65 | €2,252 | €2,853 | +€601 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €20,152 | -€70,613 | -€90,765 | |
| Income taxes | 67/77 | €103 | €4,513 | +€4,410 | +4265.8% |
| Profit (loss) for the period | 9904 | €20,049 | -€75,126 | -€95,175 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,049 | -€75,126 | -€95,175 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.