NetTech: 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.
NetTech
Largest movements
- Cash +€680,161
up €680,161 (+108.0%), from €629,675 to €1.3m
mainly Net result for the year (+€611,153) and Receivables within one year (+€294,999)
- Receivables within one year -€294,999
down €294,999 (-21.3%), from €1.4m to €1.1m
of which Other amounts receivable: -€262,738
- Tangible fixed assets +€185,234
up €185,234 (+60.2%), from €307,807 to €493,041
of which Other tangible fixed assets: +€128,853
- Other debts +€230,682
up €230,682 (+28.8%), from €800,000 to €1.0m
- Tax, wage and social debts +€129,911
up €129,911 (+69.2%), from €187,751 to €317,662
of which Taxes: +€136,557
- Reserves +€92,846
up €92,846 (+8.7%), from €1.1m to €1.2m
- Provisions +€62,958
new in 2025: €62,958
- Short-term financial debts +€50,450
up €50,450, from €0 to €50,450
- Gross operating margin -€502,774
down €502,774 (-19.1%), from €2.6m to €2.1m
- Staff costs -€438,728
down €438,728 (-28.4%), from €1.5m to €1.1m
- Provisions +€62,958
new in 2025: €62,958
- Taxes -€46,108
down €46,108 (-18.1%), from €255,211 to €209,103
- Financial charges -€29,248
down €29,248 (-61.0%), from €47,961 to €18,713
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 | €2,397,706 | €2,979,450 | +€581,744 | +24.3% |
| Fixed assets | 21/28 | €307,807 | €493,041 | +€185,234 | +60.2% |
| Tangible fixed assets | 22/27 | €307,807 | €493,041 | +€185,234 | +60.2% |
| Plant, machinery and equipment | 23 | €59,977 | €62,373 | +€2,396 | +4.0% |
| Furniture and vehicles | 24 | €107,295 | €161,279 | +€53,984 | +50.3% |
| Other tangible fixed assets | 26 | €140,535 | €269,388 | +€128,853 | +91.7% |
| Current assets | 29/58 | €2,089,899 | €2,486,410 | +€396,510 | +19.0% |
| Stocks and contracts in progress | 3 | €48,806 | €38,905 | -€9,901 | -20.3% |
| Stocks | 30/36 | €48,806 | €38,905 | -€9,901 | -20.3% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,383,704 | €1,088,706 | -€294,999 | -21.3% |
| Trade receivables | 40 | €1,120,901 | €1,088,640 | -€32,261 | -2.9% |
| Other amounts receivable | 41 | €262,804 | €66 | -€262,738 | -100.0% |
| Cash at bank and in hand | 54/58 | €629,675 | €1,309,836 | +€680,161 | +108.0% |
| Deferred charges and accrued income | 490/1 | €27,715 | €48,964 | +€21,249 | +76.7% |
| Total equity and liabilities | 10/49 | €2,397,706 | €2,979,450 | +€581,744 | +24.3% |
| Equity | 10/15 | €1,088,270 | €1,181,116 | +€92,846 | +8.5% |
| Contributions | 10/11 | €24,700 | €24,700 | = | 0.0% |
| Reserves | 13 | €1,063,570 | €1,156,416 | +€92,846 | +8.7% |
| Distributable reserves | 133 | €1,063,570 | €1,156,416 | +€92,846 | +8.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €62,958 | +€62,958 | |
| Provisions for liabilities and charges | 160/5 | - | €62,958 | +€62,958 | |
| Other liabilities and charges | 164/5 | - | €62,958 | +€62,958 | |
| Amounts payable | 17/49 | €1,309,436 | €1,735,376 | +€425,940 | +32.5% |
| Amounts payable within one year | 42/48 | €1,309,436 | €1,730,782 | +€421,346 | +32.2% |
| Financial debts | 43 | €0 | €50,450 | +€50,450 | |
| Credit institutions | 430/8 | €0 | €50,450 | +€50,450 | |
| Trade debts | 44 | €321,684 | €331,987 | +€10,303 | +3.2% |
| Suppliers | 440/4 | €321,684 | €331,987 | +€10,303 | +3.2% |
| Taxes, remuneration and social security | 45 | €187,751 | €317,662 | +€129,911 | +69.2% |
| Taxes | 450/3 | €93,508 | €230,065 | +€136,557 | +146.0% |
| Remuneration and social security | 454/9 | €94,243 | €87,597 | -€6,646 | -7.1% |
| Other amounts payable | 47/48 | €800,000 | €1,030,682 | +€230,682 | +28.8% |
| Accrued charges and deferred income | 492/3 | €0 | €4,594 | +€4,594 | |
| Non-recurring operating income | 76A | €5,415 | €0 | -€5,415 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,546,139 | €1,107,411 | -€438,728 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,970 | €105,515 | +€10,544 | +11.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €62,958 | +€62,958 | |
| Other operating charges | 640/8 | €13,635 | €7,948 | -€5,687 | -41.7% |
| Non-recurring operating charges | 66A | €3,907 | €10,976 | +€7,069 | +181.0% |
| Gross operating margin | 9900 | €2,632,520 | €2,129,746 | -€502,774 | -19.1% |
| Operating profit (loss) | 9901 | €973,868 | €834,937 | -€138,931 | -14.3% |
| Financial income | 75/76B | €9,024 | €4,032 | -€4,992 | -55.3% |
| Recurring financial income | 75 | €9,024 | €4,032 | -€4,992 | -55.3% |
| Financial charges | 65/66B | €47,961 | €18,713 | -€29,248 | -61.0% |
| Recurring financial charges | 65 | €47,961 | €18,713 | -€29,248 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €934,932 | €820,256 | -€114,675 | -12.3% |
| Income taxes | 67/77 | €255,211 | €209,103 | -€46,108 | -18.1% |
| Profit (loss) for the period | 9904 | €679,721 | €611,153 | -€68,567 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €679,721 | €611,153 | -€68,567 | -10.1% |
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 4 October 2026 via checked.be.