NETTOGLASS: 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.
NETTOGLASS
Largest movements
- Receivables within one year +€18,578
up €18,578 (+229%), from €8,096 to €26,674
of which Trade receivables: +€14,303
- Tangible fixed assets +€15,644
up €15,644 (+26.2%), from €59,643 to €75,286
of which Furniture and vehicles: +€16,292
- Cash +€6,985
up €6,985 (+145%), from €4,833 to €11,818
mainly Depreciation (+€31,239) and Tax, wage and social debts (+€16,791)
- Tax, wage and social debts +€16,791
up €16,791 (+7,633%), from €220 to €17,011
- Reserves +€16,000
new in 2025: €16,000
- Debts after one year -€9,185
down €9,185 (-21.8%), from €42,091 to €32,906
of which Other amounts payable: -€9,513
- Trade debts +€6,492
up €6,492 (+208%), from €3,120 to €9,612
- Other debts +€6,099
new in 2025: €6,099
- Gross operating margin +€24,510
up €24,510 (+54.9%), from €44,618 to €69,128
- Taxes +€15,010
up €15,010 (+750%), from €2,001 to €17,011
- Depreciation +€3,564
up €3,564 (+12.9%), from €27,676 to €31,239
- Financial charges +€983
up €983 (+35.4%), from €2,780 to €3,763
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 | €78,800 | €120,228 | +€41,428 | +52.6% |
| Fixed assets | 21/28 | €64,343 | €80,121 | +€15,779 | +24.5% |
| Tangible fixed assets | 22/27 | €59,643 | €75,286 | +€15,644 | +26.2% |
| Land and buildings | 22 | €25,000 | €25,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,275 | €6,626 | -€649 | -8.9% |
| Furniture and vehicles | 24 | €27,368 | €43,660 | +€16,292 | +59.5% |
| Financial fixed assets | 28 | €4,700 | €4,835 | +€135 | +2.9% |
| Current assets | 29/58 | €14,457 | €40,107 | +€25,650 | +177% |
| Amounts receivable within one year | 40/41 | €8,096 | €26,674 | +€18,578 | +229% |
| Trade receivables | 40 | €8,096 | €22,399 | +€14,303 | +177% |
| Other amounts receivable | 41 | - | €4,275 | +€4,275 | |
| Cash at bank and in hand | 54/58 | €4,833 | €11,818 | +€6,985 | +145% |
| Deferred charges and accrued income | 490/1 | €1,528 | €1,616 | +€87 | +5.7% |
| Total equity and liabilities | 10/49 | €78,800 | €120,228 | +€41,428 | +52.6% |
| Equity | 10/15 | €14,587 | €30,663 | +€16,076 | +110% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €16,000 | +€16,000 | |
| Distributable reserves | 133 | - | €16,000 | +€16,000 | |
| Profit (loss) carried forward | 14 | €8,387 | €8,463 | +€76 | +0.9% |
| Amounts payable | 17/49 | €64,213 | €89,565 | +€25,352 | +39.5% |
| Amounts payable after more than one year | 17 | €42,091 | €32,906 | -€9,185 | -21.8% |
| Financial debts | 170/4 | €32,577 | €32,906 | +€328 | +1.0% |
| Other amounts payable | 178/9 | €9,513 | - | -€9,513 | |
| Amounts payable within one year | 42/48 | €22,122 | €56,659 | +€34,537 | +156% |
| Current portion of amounts payable after more than one year | 42 | €18,782 | €22,955 | +€4,173 | +22.2% |
| Trade debts | 44 | €3,120 | €9,612 | +€6,492 | +208% |
| Suppliers | 440/4 | €3,120 | €9,612 | +€6,492 | +208% |
| Advances received on contracts in progress | 46 | - | €983 | +€983 | |
| Taxes, remuneration and social security | 45 | €220 | €17,011 | +€16,791 | +7,633% |
| Taxes | 450/3 | €220 | €17,011 | +€16,791 | +7,633% |
| Other amounts payable | 47/48 | - | €6,099 | +€6,099 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,676 | €31,239 | +€3,564 | +12.9% |
| Other operating charges | 640/8 | €1,062 | €1,526 | +€464 | +43.7% |
| Gross operating margin | 9900 | €44,618 | €69,128 | +€24,510 | +54.9% |
| Operating profit (loss) | 9901 | €15,881 | €36,363 | +€20,482 | +129% |
| Financial income | 75/76B | €411 | €487 | +€76 | +18.6% |
| Recurring financial income | 75 | €411 | €487 | +€76 | +18.6% |
| Non-recurring financial income | 76B | €411 | - | -€411 | |
| Financial charges | 65/66B | €2,780 | €3,763 | +€983 | +35.4% |
| Recurring financial charges | 65 | €2,780 | €3,763 | +€983 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €13,512 | €33,087 | +€19,575 | +145% |
| Income taxes | 67/77 | €2,001 | €17,011 | +€15,010 | +750% |
| Profit (loss) for the period | 9904 | €11,511 | €16,076 | +€4,565 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,511 | €16,076 | +€4,565 | +39.7% |
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 1 November 2026 via checked.be.