Nettion: 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.
Nettion
Largest movements
- Cash +€127,791
up €127,791 (+110%), from €116,167 to €243,958
mainly Net result for the year (+€368,018) and Other debts (+€106,012)
- Tangible fixed assets -€15,884
down €15,884 (-24.3%), from €65,278 to €49,394
of which Furniture and vehicles: -€18,192
- Other debts +€106,012
up €106,012 (+74.2%), from €142,826 to €248,838
- Tax, wage and social debts +€14,823
up €14,823 (+23.8%), from €62,154 to €76,977
- Current portion of long-term debt -€9,462
down €9,462 (-100%), from €9,462 to €0
- Gross operating margin +€301,523
up €301,523 (+140%), from €215,517 to €517,040
- Purchases and services -€92,819
no longer reported in 2025 (was €92,819)
- Taxes +€77,867
up €77,867 (+165%), from €47,065 to €124,932
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 | €215,443 | €327,471 | +€112,028 | +52.0% |
| Fixed assets | 21/28 | €65,278 | €49,394 | -€15,884 | -24.3% |
| Tangible fixed assets | 22/27 | €65,278 | €49,394 | -€15,884 | -24.3% |
| Plant, machinery and equipment | 23 | €3,039 | €3,146 | +€106 | +3.5% |
| Furniture and vehicles | 24 | €43,459 | €25,267 | -€18,192 | -41.9% |
| Other tangible fixed assets | 26 | €18,780 | €20,981 | +€2,201 | +11.7% |
| Current assets | 29/58 | €150,165 | €278,076 | +€127,912 | +85.2% |
| Amounts receivable within one year | 40/41 | €31,653 | €31,749 | +€96 | +0.3% |
| Trade receivables | 40 | €30,250 | €31,749 | +€1,499 | +5.0% |
| Other amounts receivable | 41 | €1,403 | €0 | -€1,403 | -100% |
| Cash at bank and in hand | 54/58 | €116,167 | €243,958 | +€127,791 | +110% |
| Deferred charges and accrued income | 490/1 | €2,345 | €2,369 | +€25 | +1.0% |
| Total equity and liabilities | 10/49 | €215,443 | €327,471 | +€112,028 | +52.0% |
| Equity | 10/15 | €1,001 | €1,019 | +€18 | +1.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,018 | +€18 | +1.8% |
| Distributable reserves | 133 | €1,000 | €1,018 | +€18 | +1.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €214,442 | €326,452 | +€112,010 | +52.2% |
| Amounts payable within one year | 42/48 | €214,442 | €326,452 | +€112,010 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €9,462 | €0 | -€9,462 | -100% |
| Trade debts | 44 | - | €637 | +€637 | |
| Suppliers | 440/4 | - | €637 | +€637 | |
| Taxes, remuneration and social security | 45 | €62,154 | €76,977 | +€14,823 | +23.8% |
| Taxes | 450/3 | €62,154 | €76,977 | +€14,823 | +23.8% |
| Other amounts payable | 47/48 | €142,826 | €248,838 | +€106,012 | +74.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €92,819 | - | -€92,819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,512 | €22,766 | -€746 | -3.2% |
| Other operating charges | 640/8 | €1,276 | €829 | -€446 | -35.0% |
| Gross operating margin | 9900 | €215,517 | €517,040 | +€301,523 | +140% |
| Operating profit (loss) | 9901 | €190,729 | €493,445 | +€302,715 | +159% |
| Financial income | 75/76B | €119 | €0 | -€119 | -100.0% |
| Recurring financial income | 75 | €119 | €0 | -€119 | -100.0% |
| Financial charges | 65/66B | €958 | €495 | -€463 | -48.3% |
| Recurring financial charges | 65 | €958 | €495 | -€463 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €189,891 | €492,950 | +€303,059 | +160% |
| Income taxes | 67/77 | €47,065 | €124,932 | +€77,867 | +165% |
| Profit (loss) for the period | 9904 | €142,826 | €368,018 | +€225,192 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €142,826 | €368,018 | +€225,192 | +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 23 October 2026 via checked.be.