NETS: 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.
NETS
Largest movements
- Receivables within one year +€61,143
up €61,143 (+35.4%), from €172,493 to €233,637
- Tangible fixed assets +€57,981
up €57,981 (+101.2%), from €57,276 to €115,256
of which Furniture and vehicles: +€38,075
- Cash +€12,749
new in 2025: €12,749
mainly Tax, wage and social debts (+€74,758) and Depreciation (+€38,955)
- Tax, wage and social debts +€74,758
up €74,758 (+201.5%), from €37,099 to €111,857
of which Remuneration and social security: +€37,712
- Debts after one year +€23,775
up €23,775 (+52.0%), from €45,714 to €69,490
- Current portion of long-term debt +€20,959
up €20,959 (+84.1%), from €24,907 to €45,867
- Trade debts +€13,032
up €13,032 (+39.4%), from €33,040 to €46,072
- Profit (loss) carried forward +€6,375
up €6,375 (+12.8%), from €49,886 to €56,260
- Staff costs +€151,232
up €151,232 (+40.7%), from €371,327 to €522,559
- Gross operating margin +€70,906
up €70,906 (+13.8%), from €514,708 to €585,615
- Depreciation +€25,712
up €25,712 (+194.2%), from €13,243 to €38,955
- Taxes -€15,130
down €15,130 (-66.3%), from €22,805 to €7,675
- Other operating charges -€6,378
down €6,378 (-73.2%), from €8,708 to €2,330
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 | €240,791 | €376,913 | +€136,122 | +56.5% |
| Fixed assets | 21/28 | €57,276 | €115,756 | +€58,481 | +102.1% |
| Tangible fixed assets | 22/27 | €57,276 | €115,256 | +€57,981 | +101.2% |
| Land and buildings | 22 | - | €19,763 | +€19,763 | |
| Plant, machinery and equipment | 23 | €2,293 | €2,436 | +€143 | +6.2% |
| Furniture and vehicles | 24 | €54,983 | €93,058 | +€38,075 | +69.2% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €183,515 | €261,157 | +€77,642 | +42.3% |
| Amounts receivable within one year | 40/41 | €172,493 | €233,637 | +€61,143 | +35.4% |
| Trade receivables | 40 | €172,493 | €233,637 | +€61,143 | +35.4% |
| Cash at bank and in hand | 54/58 | - | €12,749 | +€12,749 | |
| Deferred charges and accrued income | 490/1 | €11,022 | €14,772 | +€3,750 | +34.0% |
| Total equity and liabilities | 10/49 | €240,791 | €376,913 | +€136,122 | +56.5% |
| Equity | 10/15 | €95,215 | €101,590 | +€6,375 | +6.7% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €26,629 | €26,629 | = | 0.0% |
| Distributable reserves | 133 | €26,629 | €26,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,886 | €56,260 | +€6,375 | +12.8% |
| Amounts payable | 17/49 | €145,576 | €275,324 | +€129,748 | +89.1% |
| Amounts payable after more than one year | 17 | €45,714 | €69,490 | +€23,775 | +52.0% |
| Financial debts | 170/4 | €45,714 | €69,490 | +€23,775 | +52.0% |
| Amounts payable within one year | 42/48 | €99,862 | €205,834 | +€105,972 | +106.1% |
| Current portion of amounts payable after more than one year | 42 | €24,907 | €45,867 | +€20,959 | +84.1% |
| Financial debts | 43 | €539 | €21 | -€517 | -96.0% |
| Credit institutions | 430/8 | €539 | €21 | -€517 | -96.0% |
| Trade debts | 44 | €33,040 | €46,072 | +€13,032 | +39.4% |
| Suppliers | 440/4 | €33,040 | €46,072 | +€13,032 | +39.4% |
| Taxes, remuneration and social security | 45 | €37,099 | €111,857 | +€74,758 | +201.5% |
| Taxes | 450/3 | €21,244 | €58,289 | +€37,046 | +174.4% |
| Remuneration and social security | 454/9 | €15,855 | €53,568 | +€37,712 | +237.9% |
| Other amounts payable | 47/48 | €4,277 | €2,016 | -€2,261 | -52.9% |
| Remuneration, social security and pensions | 62 | €371,327 | €522,559 | +€151,232 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,243 | €38,955 | +€25,712 | +194.2% |
| Other operating charges | 640/8 | €8,708 | €2,330 | -€6,378 | -73.2% |
| Gross operating margin | 9900 | €514,708 | €585,615 | +€70,906 | +13.8% |
| Operating profit (loss) | 9901 | €121,430 | €21,771 | -€99,660 | -82.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,938 | €7,722 | +€1,783 | +30.0% |
| Recurring financial charges | 65 | €5,271 | €7,722 | +€2,450 | +46.5% |
| Non-recurring financial charges | 66B | €667 | - | -€667 | |
| Profit (loss) for the period before taxes | 9903 | €115,492 | €14,049 | -€101,443 | -87.8% |
| Income taxes | 67/77 | €22,805 | €7,675 | -€15,130 | -66.3% |
| Profit (loss) for the period | 9904 | €92,688 | €6,375 | -€86,313 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,688 | €6,375 | -€86,313 | -93.1% |
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 8 October 2026 via checked.be.