NETPAD: 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.
NETPAD
Largest movements
- Receivables within one year -€3,459
down €3,459 (-14.2%), from €24,416 to €20,957
- Tangible fixed assets +€1,720
up €1,720 (+13.8%), from €12,501 to €14,221
- Cash -€789
down €789 (-12.4%), from €6,386 to €5,597
mainly Investment in fixed assets (net) (-€6,744) and Other debts (-€3,804)
- Tax, wage and social debts +€4,544
up €4,544 (+88.0%), from €5,165 to €9,709
- Other debts -€3,804
down €3,804 (-16.0%), from €23,761 to €19,957
- Trade debts -€3,197
down €3,197 (-80.5%), from €3,973 to €776
- Gross operating margin +€5,176
up €5,176 (+117.6%), from €4,401 to €9,576
- Depreciation +€1,576
up €1,576 (+45.7%), from €3,449 to €5,024
- Financial charges +€1,223
up €1,223 (+480.5%), from €254 to €1,477
- Other operating charges +€806
up €806 (+152.5%), from €528 to €1,334
- Taxes +€447
up €447 (+32.8%), from €1,365 to €1,812
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 | €45,559 | €43,031 | -€2,528 | -5.5% |
| Fixed assets | 21/28 | €14,757 | €16,477 | +€1,720 | +11.7% |
| Tangible fixed assets | 22/27 | €12,501 | €14,221 | +€1,720 | +13.8% |
| Furniture and vehicles | 24 | €12,501 | €14,221 | +€1,720 | +13.8% |
| Financial fixed assets | 28 | €2,256 | €2,256 | = | 0.0% |
| Current assets | 29/58 | €30,802 | €26,554 | -€4,248 | -13.8% |
| Amounts receivable within one year | 40/41 | €24,416 | €20,957 | -€3,459 | -14.2% |
| Trade receivables | 40 | €24,416 | €20,957 | -€3,459 | -14.2% |
| Cash at bank and in hand | 54/58 | €6,386 | €5,597 | -€789 | -12.4% |
| Total equity and liabilities | 10/49 | €45,559 | €43,031 | -€2,528 | -5.5% |
| Equity | 10/15 | -€1,342 | -€1,413 | -€71 | -5.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,630 | €6,630 | = | 0.0% |
| Distributable reserves | 133 | €6,630 | €6,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,473 | -€10,544 | -€71 | -0.7% |
| Amounts payable | 17/49 | €46,901 | €44,444 | -€2,457 | -5.2% |
| Amounts payable within one year | 42/48 | €46,901 | €44,444 | -€2,457 | -5.2% |
| Trade debts | 44 | €3,973 | €776 | -€3,197 | -80.5% |
| Suppliers | 440/4 | €3,973 | €776 | -€3,197 | -80.5% |
| Advances received on contracts in progress | 46 | €14,002 | €14,002 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,165 | €9,709 | +€4,544 | +88.0% |
| Taxes | 450/3 | €5,165 | €9,709 | +€4,544 | +88.0% |
| Other amounts payable | 47/48 | €23,761 | €19,957 | -€3,804 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,449 | €5,024 | +€1,576 | +45.7% |
| Other operating charges | 640/8 | €528 | €1,334 | +€806 | +152.5% |
| Gross operating margin | 9900 | €4,401 | €9,576 | +€5,176 | +117.6% |
| Operating profit (loss) | 9901 | €424 | €3,218 | +€2,794 | +659.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €254 | €1,477 | +€1,223 | +480.5% |
| Recurring financial charges | 65 | €254 | €1,477 | +€1,223 | +480.5% |
| Profit (loss) for the period before taxes | 9903 | €170 | €1,741 | +€1,571 | +924.2% |
| Income taxes | 67/77 | €1,365 | €1,812 | +€447 | +32.8% |
| Profit (loss) for the period | 9904 | -€1,195 | -€71 | +€1,124 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,195 | -€71 | +€1,124 | +94.0% |
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 30 September 2026 via checked.be.