NETSEC-IT: 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.
NETSEC-IT
Largest movements
- Receivables within one year +€12,702
up €12,702 (+106%), from €11,970 to €24,672
- Cash +€4,361
up €4,361 (+17.6%), from €24,791 to €29,152
mainly Net result for the year (+€18,849) and Depreciation (+€3,145)
- Reserves +€18,849
up €18,849 (+57.7%), from €32,652 to €51,501
- Tax, wage and social debts -€1,799
down €1,799 (-11.6%), from €15,518 to €13,719
- Gross operating margin +€38,690
up €38,690, from -€1,113 to €37,577
- Taxes +€6,866
up €6,866 (+4,975%), from €138 to €7,004
- Other operating charges +€4,614
up €4,614 (+737%), from €626 to €5,240
- Financial charges -€1,200
down €1,200 (-28.1%), from €4,276 to €3,076
- Depreciation +€1,105
up €1,105 (+54.2%), from €2,040 to €3,145
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.
Derived cash bridge
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 | €44,867 | €62,255 | +€17,388 | +38.8% |
| Fixed assets | 21/28 | €8,106 | €8,345 | +€239 | +2.9% |
| Tangible fixed assets | 22/27 | €8,106 | €8,345 | +€239 | +2.9% |
| Plant, machinery and equipment | 23 | €3,160 | €2,524 | -€636 | -20.1% |
| Furniture and vehicles | 24 | €4,946 | €5,821 | +€875 | +17.7% |
| Current assets | 29/58 | €36,761 | €53,910 | +€17,149 | +46.6% |
| Amounts receivable within one year | 40/41 | €11,970 | €24,672 | +€12,702 | +106% |
| Other amounts receivable | 41 | €11,970 | €24,672 | +€12,702 | +106% |
| Cash at bank and in hand | 54/58 | €24,791 | €29,152 | +€4,361 | +17.6% |
| Deferred charges and accrued income | 490/1 | - | €86 | +€86 | |
| Total equity and liabilities | 10/49 | €44,867 | €62,255 | +€17,388 | +38.8% |
| Equity | 10/15 | €26,343 | €45,192 | +€18,849 | +71.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,652 | €51,501 | +€18,849 | +57.7% |
| Distributable reserves | 133 | €32,652 | €51,501 | +€18,849 | +57.7% |
| Profit (loss) carried forward | 14 | -€8,309 | -€8,309 | = | 0.0% |
| Amounts payable | 17/49 | €18,524 | €17,063 | -€1,461 | -7.9% |
| Amounts payable within one year | 42/48 | €18,524 | €17,063 | -€1,461 | -7.9% |
| Trade debts | 44 | €3,006 | €3,344 | +€338 | +11.2% |
| Suppliers | 440/4 | €3,006 | €3,344 | +€338 | +11.2% |
| Taxes, remuneration and social security | 45 | €15,518 | €13,719 | -€1,799 | -11.6% |
| Taxes | 450/3 | €15,518 | €13,719 | -€1,799 | -11.6% |
| Remuneration, social security and pensions | 62 | €119 | €52 | -€67 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,040 | €3,145 | +€1,105 | +54.2% |
| Other operating charges | 640/8 | €626 | €5,240 | +€4,614 | +737% |
| Non-recurring operating charges | 66A | - | €262 | +€262 | |
| Gross operating margin | 9900 | -€1,113 | €37,577 | +€38,690 | |
| Operating profit (loss) | 9901 | -€3,898 | €28,878 | +€32,776 | |
| Financial income | 75/76B | €3 | €51 | +€48 | +1,600% |
| Recurring financial income | 75 | €3 | €51 | +€48 | +1,600% |
| Financial charges | 65/66B | €4,276 | €3,076 | -€1,200 | -28.1% |
| Recurring financial charges | 65 | €4,276 | €3,076 | -€1,200 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,171 | €25,853 | +€34,024 | |
| Income taxes | 67/77 | €138 | €7,004 | +€6,866 | +4,975% |
| Profit (loss) for the period | 9904 | -€8,309 | €18,849 | +€27,158 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,309 | €18,849 | +€27,158 |
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 20 October 2026 via checked.be.