NETTEAM: 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.
NETTEAM
Largest movements
- Receivables after one year -€204,477
no longer reported in 2025 (was €204,477)
- Receivables within one year +€86,508
up €86,508 (+200%), from €43,248 to €129,756
of which Other amounts receivable: +€53,208
- Financial fixed assets -€41,000
no longer reported in 2025 (was €41,000)
- Cash -€20,607
down €20,607 (-16.6%), from €124,432 to €103,825
mainly Other debts (-€151,192) and Contributions, distributions and other (-€94,161)
- Tangible fixed assets -€14,876
down €14,876 (-44.6%), from €33,374 to €18,498
- Other debts -€151,192
down €151,192 (-61.6%), from €245,500 to €94,309
- Tax, wage and social debts -€23,272
down €23,272 (-64.3%), from €36,168 to €12,896
of which Taxes: -€25,372
- Profit (loss) carried forward -€20,249
down €20,249 (-21.5%), from €94,161 to €73,912
- Debts after one year -€6,223
down €6,223 (-43.0%), from €14,474 to €8,251
- Trade debts +€5,129
up €5,129 (+15.8%), from €32,492 to €37,621
- Financial charges +€29,624
up €29,624 (+1,188%), from €2,495 to €32,119
- Taxes -€22,835
down €22,835 (-36.4%), from €62,802 to €39,967
- Depreciation -€3,900
down €3,900 (-20.8%), from €18,776 to €14,876
- Gross operating margin +€3,200
up €3,200 (+2.0%), from €156,273 to €159,474
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 | €449,161 | €253,672 | -€195,489 | -43.5% |
| Fixed assets | 21/28 | €74,374 | €18,498 | -€55,876 | -75.1% |
| Tangible fixed assets | 22/27 | €33,374 | €18,498 | -€14,876 | -44.6% |
| Furniture and vehicles | 24 | €33,374 | €18,498 | -€14,876 | -44.6% |
| Financial fixed assets | 28 | €41,000 | - | -€41,000 | |
| Current assets | 29/58 | €374,787 | €235,174 | -€139,614 | -37.3% |
| Amounts receivable after more than one year | 29 | €204,477 | - | -€204,477 | |
| Other amounts receivable | 291 | €204,477 | - | -€204,477 | |
| Amounts receivable within one year | 40/41 | €43,248 | €129,756 | +€86,508 | +200% |
| Trade receivables | 40 | €28,500 | €61,800 | +€33,300 | +117% |
| Other amounts receivable | 41 | €14,748 | €67,956 | +€53,208 | +361% |
| Cash at bank and in hand | 54/58 | €124,432 | €103,825 | -€20,607 | -16.6% |
| Deferred charges and accrued income | 490/1 | €2,631 | €1,593 | -€1,038 | -39.4% |
| Total equity and liabilities | 10/49 | €449,161 | €253,672 | -€195,489 | -43.5% |
| Equity | 10/15 | €114,621 | €94,372 | -€20,249 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,161 | €73,912 | -€20,249 | -21.5% |
| Amounts payable | 17/49 | €334,540 | €159,300 | -€175,240 | -52.4% |
| Amounts payable after more than one year | 17 | €14,474 | €8,251 | -€6,223 | -43.0% |
| Financial debts | 170/4 | €14,474 | €8,251 | -€6,223 | -43.0% |
| Amounts payable within one year | 42/48 | €320,066 | €151,049 | -€169,017 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €5,906 | €6,223 | +€317 | +5.4% |
| Trade debts | 44 | €32,492 | €37,621 | +€5,129 | +15.8% |
| Suppliers | 440/4 | €32,492 | €37,621 | +€5,129 | +15.8% |
| Taxes, remuneration and social security | 45 | €36,168 | €12,896 | -€23,272 | -64.3% |
| Taxes | 450/3 | €36,168 | €10,796 | -€25,372 | -70.2% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €245,500 | €94,309 | -€151,192 | -61.6% |
| Non-recurring operating income | 76A | - | €9,959 | +€9,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,776 | €14,876 | -€3,900 | -20.8% |
| Other operating charges | 640/8 | €1,242 | - | -€1,242 | |
| Non-recurring operating charges | 66A | €19,214 | - | -€19,214 | |
| Gross operating margin | 9900 | €156,273 | €159,474 | +€3,200 | +2.0% |
| Operating profit (loss) | 9901 | €117,042 | €144,598 | +€27,556 | +23.5% |
| Financial income | 75/76B | €14 | €1,400 | +€1,386 | +10,061% |
| Recurring financial income | 75 | €14 | €1,400 | +€1,386 | +10,061% |
| Financial charges | 65/66B | €2,495 | €32,119 | +€29,624 | +1,188% |
| Recurring financial charges | 65 | €2,495 | €32,119 | +€29,624 | +1,188% |
| Profit (loss) for the period before taxes | 9903 | €114,561 | €113,879 | -€682 | -0.6% |
| Income taxes | 67/77 | €62,802 | €39,967 | -€22,835 | -36.4% |
| Profit (loss) for the period | 9904 | €51,759 | €73,912 | +€22,153 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,759 | €73,912 | +€22,153 | +42.8% |
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 16 October 2026 via checked.be.