NETSAP: 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.
NETSAP
Largest movements
- Receivables within one year +€90,872
up €90,872 (+68.8%), from €132,168 to €223,040
of which Other amounts receivable: +€122,873
- Intangible fixed assets -€38,334
down €38,334 (-32.9%), from €116,608 to €78,274
- Receivables after one year -€18,000
down €18,000 (-20.5%), from €88,000 to €70,000
- Deferred charges and accrued income +€11,585
up €11,585 (+147.0%), from €7,880 to €19,465
- Tax, wage and social debts +€130,151
up €130,151 (+309.8%), from €42,018 to €172,169
of which Taxes: +€105,973
- Trade debts -€87,130
down €87,130 (-82.1%), from €106,130 to €19,000
- Reserves +€38,740
up €38,740 (+55.9%), from €69,260 to €108,000
of which Distributable reserves: +€38,740
- Short-term financial debts -€36,292
down €36,292 (-32.5%), from €111,821 to €75,530
- Gross operating margin +€80,139
up €80,139 (+114.5%), from €70,013 to €150,151
- Taxes +€22,703
up €22,703 (+926.1%), from €2,451 to €25,154
- Financial income +€5,475
up €5,475 (+162.9%), from €3,361 to €8,836
- Staff costs +€4,765
up €4,765 (+19.2%), from €24,869 to €29,634
- Other operating charges +€3,839
up €3,839 (+59.8%), from €6,422 to €10,261
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,160 | €393,752 | +€43,591 | +12.4% |
| Fixed assets | 21/28 | €122,112 | €81,247 | -€40,865 | -33.5% |
| Intangible fixed assets | 21 | €116,608 | €78,274 | -€38,334 | -32.9% |
| Tangible fixed assets | 22/27 | €5,479 | €2,948 | -€2,531 | -46.2% |
| Furniture and vehicles | 24 | €2,887 | €784 | -€2,103 | -72.8% |
| Other tangible fixed assets | 26 | €2,592 | €2,163 | -€428 | -16.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €228,048 | €312,505 | +€84,456 | +37.0% |
| Amounts receivable after more than one year | 29 | €88,000 | €70,000 | -€18,000 | -20.5% |
| Other amounts receivable | 291 | €88,000 | €70,000 | -€18,000 | -20.5% |
| Amounts receivable within one year | 40/41 | €132,168 | €223,040 | +€90,872 | +68.8% |
| Trade receivables | 40 | €68,848 | €36,847 | -€32,001 | -46.5% |
| Other amounts receivable | 41 | €63,321 | €186,193 | +€122,873 | +194.0% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €7,880 | €19,465 | +€11,585 | +147.0% |
| Total equity and liabilities | 10/49 | €350,160 | €393,752 | +€43,591 | +12.4% |
| Equity | 10/15 | €88,470 | €126,678 | +€38,208 | +43.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,260 | €108,000 | +€38,740 | +55.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €69,260 | €108,000 | +€38,740 | +55.9% |
| Profit (loss) carried forward | 14 | €610 | €78 | -€532 | -87.2% |
| Amounts payable | 17/49 | €261,690 | €267,073 | +€5,383 | +2.1% |
| Amounts payable within one year | 42/48 | €259,969 | €266,699 | +€6,730 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €111,821 | €75,530 | -€36,292 | -32.5% |
| Credit institutions | 430/8 | €111,821 | €75,530 | -€36,292 | -32.5% |
| Trade debts | 44 | €106,130 | €19,000 | -€87,130 | -82.1% |
| Suppliers | 440/4 | €106,130 | €19,000 | -€87,130 | -82.1% |
| Taxes, remuneration and social security | 45 | €42,018 | €172,169 | +€130,151 | +309.8% |
| Taxes | 450/3 | €25,061 | €131,034 | +€105,973 | +422.9% |
| Remuneration and social security | 454/9 | €16,957 | €41,135 | +€24,179 | +142.6% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €1,721 | €375 | -€1,346 | -78.2% |
| Remuneration, social security and pensions | 62 | €24,869 | €29,634 | +€4,765 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,983 | €40,865 | -€1,118 | -2.7% |
| Other operating charges | 640/8 | €6,422 | €10,261 | +€3,839 | +59.8% |
| Gross operating margin | 9900 | €70,013 | €150,151 | +€80,139 | +114.5% |
| Operating profit (loss) | 9901 | -€3,262 | €69,391 | +€72,653 | |
| Financial income | 75/76B | €3,361 | €8,836 | +€5,475 | +162.9% |
| Recurring financial income | 75 | €3,361 | €8,836 | +€5,475 | +162.9% |
| Financial charges | 65/66B | €12,059 | €14,865 | +€2,806 | +23.3% |
| Recurring financial charges | 65 | €12,059 | €14,865 | +€2,806 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,959 | €63,362 | +€75,321 | |
| Income taxes | 67/77 | €2,451 | €25,154 | +€22,703 | +926.1% |
| Profit (loss) for the period | 9904 | -€14,411 | €38,208 | +€52,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,411 | €38,208 | +€52,618 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.