NETTO+: 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.
NETTO+
Largest movements
- Cash +€367,139
up €367,139 (+106%), from €345,724 to €712,863
mainly Trade debts (+€150,924) and Receivables within one year (+€126,123)
- Receivables within one year -€126,123
down €126,123 (-32.3%), from €390,662 to €264,538
of which Trade receivables: -€94,841
- Tangible fixed assets -€115,187
down €115,187 (-25.0%), from €461,360 to €346,173
- Trade debts +€150,924
up €150,924 (+300%), from €50,261 to €201,185
- Profit (loss) carried forward +€54,408
up €54,408 (+6.7%), from €809,312 to €863,720
- Debts after one year -€43,443
down €43,443 (-21.7%), from €200,526 to €157,083
- Tax, wage and social debts -€33,870
down €33,870 (-33.6%), from €100,849 to €66,979
of which Taxes: -€32,655
- Gross operating margin -€114,805
down €114,805 (-13.3%), from €865,740 to €750,935
- Staff costs -€103,017
down €103,017 (-15.8%), from €651,738 to €548,721
- Taxes -€13,164
down €13,164 (-31.2%), from €42,164 to €29,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,197,746 | €1,323,575 | +€125,829 | +10.5% |
| Fixed assets | 21/28 | €461,360 | €346,173 | -€115,187 | -25.0% |
| Tangible fixed assets | 22/27 | €461,360 | €346,173 | -€115,187 | -25.0% |
| Land and buildings | 22 | €230,856 | €218,356 | -€12,500 | -5.4% |
| Plant, machinery and equipment | 23 | €98,658 | €54,154 | -€44,505 | -45.1% |
| Furniture and vehicles | 24 | €126,046 | €72,040 | -€54,006 | -42.8% |
| Leasing and similar rights | 25 | €5,800 | €1,623 | -€4,177 | -72.0% |
| Current assets | 29/58 | €736,386 | €977,402 | +€241,016 | +32.7% |
| Amounts receivable within one year | 40/41 | €390,662 | €264,538 | -€126,123 | -32.3% |
| Trade receivables | 40 | €359,380 | €264,538 | -€94,841 | -26.4% |
| Other amounts receivable | 41 | €31,282 | - | -€31,282 | |
| Cash at bank and in hand | 54/58 | €345,724 | €712,863 | +€367,139 | +106% |
| Total equity and liabilities | 10/49 | €1,197,746 | €1,323,575 | +€125,829 | +10.5% |
| Equity | 10/15 | €829,772 | €877,382 | +€47,610 | +5.7% |
| Contributions | 10/11 | €18,600 | €11,802 | -€6,798 | -36.5% |
| Capital | 10 | €18,600 | €11,802 | -€6,798 | -36.5% |
| Issued capital | 100 | €18,600 | €11,802 | -€6,798 | -36.5% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €809,312 | €863,720 | +€54,408 | +6.7% |
| Amounts payable | 17/49 | €367,974 | €446,193 | +€78,219 | +21.3% |
| Amounts payable after more than one year | 17 | €200,526 | €157,083 | -€43,443 | -21.7% |
| Financial debts | 170/4 | €200,526 | €157,083 | -€43,443 | -21.7% |
| Amounts payable within one year | 42/48 | €167,448 | €285,548 | +€118,100 | +70.5% |
| Trade debts | 44 | €50,261 | €201,185 | +€150,924 | +300% |
| Suppliers | 440/4 | €50,261 | €201,185 | +€150,924 | +300% |
| Taxes, remuneration and social security | 45 | €100,849 | €66,979 | -€33,870 | -33.6% |
| Taxes | 450/3 | €67,932 | €35,277 | -€32,655 | -48.1% |
| Remuneration and social security | 454/9 | €32,917 | €31,703 | -€1,215 | -3.7% |
| Other amounts payable | 47/48 | €16,338 | €17,384 | +€1,047 | +6.4% |
| Accrued charges and deferred income | 492/3 | - | €3,562 | +€3,562 | |
| Remuneration, social security and pensions | 62 | €651,738 | €548,721 | -€103,017 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,814 | €108,389 | -€5,425 | -4.8% |
| Other operating charges | 640/8 | €5,283 | €5,158 | -€125 | -2.4% |
| Gross operating margin | 9900 | €865,740 | €750,935 | -€114,805 | -13.3% |
| Operating profit (loss) | 9901 | €94,905 | €88,667 | -€6,238 | -6.6% |
| Financial charges | 65/66B | €5,989 | €5,259 | -€730 | -12.2% |
| Recurring financial charges | 65 | €5,989 | €5,259 | -€730 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €88,916 | €83,408 | -€5,508 | -6.2% |
| Income taxes | 67/77 | €42,164 | €29,000 | -€13,164 | -31.2% |
| Profit (loss) for the period | 9904 | €46,752 | €54,408 | +€7,655 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,752 | €54,408 | +€7,655 | +16.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.