NetOps Insights: 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.
NetOps Insights
Largest movements
- Receivables within one year +€20,008
up €20,008 (+71.2%), from €28,107 to €48,115
of which Trade receivables: +€18,650
- Cash -€8,555
down €8,555 (-18.8%), from €45,409 to €36,854
mainly Receivables within one year (-€20,008) and Debts after one year (-€8,608)
- Tangible fixed assets -€7,001
down €7,001 (-30.8%), from €22,702 to €15,701
- Reserves +€19,000
up €19,000 (+63.3%), from €30,000 to €49,000
- Debts after one year -€8,608
down €8,608 (-45.0%), from €19,109 to €10,501
- Other debts -€3,325
down €3,325 (-78.1%), from €4,256 to €931
- Tax, wage and social debts -€2,570
down €2,570 (-10.0%), from €25,614 to €23,043
of which Remuneration and social security: -€3,500
- Gross operating margin -€21,798
down €21,798 (-34.5%), from €63,183 to €41,385
- Taxes -€4,745
down €4,745 (-35.4%), from €13,387 to €8,642
- Depreciation -€1,570
down €1,570 (-11.7%), from €13,441 to €11,871
- Other operating charges -€1,427
down €1,427 (-68.6%), from €2,081 to €654
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 | €96,450 | €101,336 | +€4,886 | +5.1% |
| Formation expenses | 20 | €157 | - | -€157 | |
| Fixed assets | 21/28 | €22,702 | €15,701 | -€7,001 | -30.8% |
| Tangible fixed assets | 22/27 | €22,702 | €15,701 | -€7,001 | -30.8% |
| Furniture and vehicles | 24 | €22,702 | €15,701 | -€7,001 | -30.8% |
| Current assets | 29/58 | €73,591 | €85,635 | +€12,043 | +16.4% |
| Amounts receivable within one year | 40/41 | €28,107 | €48,115 | +€20,008 | +71.2% |
| Trade receivables | 40 | €28,107 | €46,757 | +€18,650 | +66.4% |
| Other amounts receivable | 41 | - | €1,358 | +€1,358 | |
| Cash at bank and in hand | 54/58 | €45,409 | €36,854 | -€8,555 | -18.8% |
| Deferred charges and accrued income | 490/1 | €74 | €665 | +€590 | +792.7% |
| Total equity and liabilities | 10/49 | €96,450 | €101,336 | +€4,886 | +5.1% |
| Equity | 10/15 | €37,954 | €57,043 | +€19,089 | +50.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €49,000 | +€19,000 | +63.3% |
| Distributable reserves | 133 | €30,000 | €49,000 | +€19,000 | +63.3% |
| Profit (loss) carried forward | 14 | €2,954 | €3,043 | +€89 | +3.0% |
| Amounts payable | 17/49 | €58,496 | €44,293 | -€14,203 | -24.3% |
| Amounts payable after more than one year | 17 | €19,109 | €10,501 | -€8,608 | -45.0% |
| Financial debts | 170/4 | €19,109 | €10,501 | -€8,608 | -45.0% |
| Amounts payable within one year | 42/48 | €39,387 | €33,792 | -€5,595 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €8,262 | €8,608 | +€347 | +4.2% |
| Trade debts | 44 | €1,256 | €1,210 | -€46 | -3.7% |
| Suppliers | 440/4 | €1,256 | €1,210 | -€46 | -3.7% |
| Taxes, remuneration and social security | 45 | €25,614 | €23,043 | -€2,570 | -10.0% |
| Taxes | 450/3 | €22,114 | €23,043 | +€930 | +4.2% |
| Remuneration and social security | 454/9 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | €4,256 | €931 | -€3,325 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,441 | €11,871 | -€1,570 | -11.7% |
| Other operating charges | 640/8 | €2,081 | €654 | -€1,427 | -68.6% |
| Gross operating margin | 9900 | €63,183 | €41,385 | -€21,798 | -34.5% |
| Operating profit (loss) | 9901 | €47,660 | €28,859 | -€18,801 | -39.4% |
| Financial charges | 65/66B | €1,319 | €1,128 | -€191 | -14.5% |
| Recurring financial charges | 65 | €1,319 | €1,128 | -€191 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €46,341 | €27,731 | -€18,610 | -40.2% |
| Income taxes | 67/77 | €13,387 | €8,642 | -€4,745 | -35.4% |
| Profit (loss) for the period | 9904 | €32,954 | €19,089 | -€13,865 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,954 | €19,089 | -€13,865 | -42.1% |
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 10 October 2026 via checked.be.