NETTECO: 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.
NETTECO
Largest movements
- Cash +€42,516
up €42,516 (+182.4%), from €23,311 to €65,827
mainly Net result for the year (+€38,413) and Trade debts (+€11,462)
- Stocks and contracts +€13,537
up €13,537 (+63.4%), from €21,348 to €34,885
- Reserves +€30,000
new in 2025: €30,000
- Trade debts +€11,462
up €11,462 (+18.0%), from €63,630 to €75,091
- Profit (loss) carried forward +€8,413
up €8,413 (+11.9%), from €70,661 to €79,074
- Tax, wage and social debts +€6,407
up €6,407 (+77.4%), from €8,275 to €14,682
of which Taxes: +€6,247
- Gross operating margin +€32,871
up €32,871 (+104.7%), from €31,404 to €64,275
- Taxes +€10,800
up €10,800 (+231.7%), from €4,661 to €15,461
- Other operating charges -€4,494
down €4,494 (-63.8%), from €7,044 to €2,550
- Depreciation -€1,277
down €1,277 (-22.6%), from €5,653 to €4,376
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 | €161,964 | €216,577 | +€54,613 | +33.7% |
| Fixed assets | 21/28 | €8,936 | €10,609 | +€1,674 | +18.7% |
| Tangible fixed assets | 22/27 | €8,686 | €10,359 | +€1,674 | +19.3% |
| Plant, machinery and equipment | 23 | €4,510 | €1,636 | -€2,874 | -63.7% |
| Furniture and vehicles | 24 | €4,176 | €3,046 | -€1,129 | -27.0% |
| Other tangible fixed assets | 26 | - | €5,676 | +€5,676 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €153,028 | €205,968 | +€52,939 | +34.6% |
| Stocks and contracts in progress | 3 | €21,348 | €34,885 | +€13,537 | +63.4% |
| Stocks | 30/36 | €21,348 | €34,885 | +€13,537 | +63.4% |
| Amounts receivable within one year | 40/41 | €103,259 | €101,780 | -€1,480 | -1.4% |
| Trade receivables | 40 | €96,920 | €95,440 | -€1,480 | -1.5% |
| Other amounts receivable | 41 | €6,339 | €6,339 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,311 | €65,827 | +€42,516 | +182.4% |
| Deferred charges and accrued income | 490/1 | €5,111 | €3,477 | -€1,634 | -32.0% |
| Total equity and liabilities | 10/49 | €161,964 | €216,577 | +€54,613 | +33.7% |
| Equity | 10/15 | €72,661 | €111,074 | +€38,413 | +52.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €70,661 | €79,074 | +€8,413 | +11.9% |
| Amounts payable | 17/49 | €89,303 | €105,503 | +€16,199 | +18.1% |
| Amounts payable within one year | 42/48 | €89,303 | €105,503 | +€16,199 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,333 | +€333 | +4.8% |
| Trade debts | 44 | €63,630 | €75,091 | +€11,462 | +18.0% |
| Suppliers | 440/4 | €63,630 | €75,091 | +€11,462 | +18.0% |
| Taxes, remuneration and social security | 45 | €8,275 | €14,682 | +€6,407 | +77.4% |
| Taxes | 450/3 | €8,275 | €14,522 | +€6,247 | +75.5% |
| Remuneration and social security | 454/9 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €10,399 | €8,397 | -€2,002 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,653 | €4,376 | -€1,277 | -22.6% |
| Other operating charges | 640/8 | €7,044 | €2,550 | -€4,494 | -63.8% |
| Gross operating margin | 9900 | €31,404 | €64,275 | +€32,871 | +104.7% |
| Operating profit (loss) | 9901 | €18,707 | €57,349 | +€38,642 | +206.6% |
| Financial income | 75/76B | €2 | €78 | +€76 | +3975.9% |
| Recurring financial income | 75 | €2 | €78 | +€76 | +3975.9% |
| Financial charges | 65/66B | €3,012 | €3,552 | +€540 | +17.9% |
| Recurring financial charges | 65 | €3,012 | €3,552 | +€540 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €15,697 | €53,874 | +€38,178 | +243.2% |
| Income taxes | 67/77 | €4,661 | €15,461 | +€10,800 | +231.7% |
| Profit (loss) for the period | 9904 | €11,036 | €38,413 | +€27,377 | +248.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,036 | €38,413 | +€27,377 | +248.1% |
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.