NetTrade: 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.
NetTrade
Largest movements
- Cash -€102,939
down €102,939 (-78.5%), from €131,083 to €28,144
mainly Net result for the year (-€61,868) and Tax, wage and social debts (-€37,253)
- Receivables within one year +€15,661
up €15,661 (+7.2%), from €218,785 to €234,447
of which Other amounts receivable: +€51,578
- Intangible fixed assets -€11,418
down €11,418 (-30.6%), from €37,311 to €25,893
- Profit (loss) carried forward -€61,868
down €61,868 (-58726.2%), from -€105 to -€61,973
- Tax, wage and social debts -€37,253
down €37,253 (-12.3%), from €302,668 to €265,415
of which Taxes: -€42,951
- Other debts +€36,940
up €36,940 (+1207.4%), from €3,060 to €40,000
- Trade debts -€27,214
down €27,214 (-46.1%), from €59,033 to €31,819
- Advances received -€11,055
no longer reported in 2025 (was €11,055)
- Gross operating margin -€92,286
down €92,286 (-38.5%), from €239,449 to €147,163
- Financial income +€32,676
up €32,676 (+1313.5%), from €2,488 to €35,163
- Financial charges -€14,063
down €14,063 (-42.2%), from €33,297 to €19,234
- Other operating charges +€11,260
up €11,260 (+2338.6%), from €481 to €11,742
- Depreciation -€9,836
down €9,836 (-37.4%), from €26,331 to €16,495
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 | €396,523 | €296,696 | -€99,827 | -25.2% |
| Fixed assets | 21/28 | €37,311 | €25,893 | -€11,418 | -30.6% |
| Intangible fixed assets | 21 | €37,311 | €25,893 | -€11,418 | -30.6% |
| Current assets | 29/58 | €359,213 | €270,803 | -€88,409 | -24.6% |
| Amounts receivable within one year | 40/41 | €218,785 | €234,447 | +€15,661 | +7.2% |
| Trade receivables | 40 | €38,978 | €3,062 | -€35,917 | -92.1% |
| Other amounts receivable | 41 | €179,807 | €231,385 | +€51,578 | +28.7% |
| Cash at bank and in hand | 54/58 | €131,083 | €28,144 | -€102,939 | -78.5% |
| Deferred charges and accrued income | 490/1 | €9,345 | €8,213 | -€1,132 | -12.1% |
| Total equity and liabilities | 10/49 | €396,523 | €296,696 | -€99,827 | -25.2% |
| Equity | 10/15 | €12,395 | -€49,473 | -€61,868 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105 | -€61,973 | -€61,868 | -58726.2% |
| Amounts payable | 17/49 | €384,129 | €346,170 | -€37,959 | -9.9% |
| Amounts payable within one year | 42/48 | €375,815 | €337,235 | -€38,581 | -10.3% |
| Trade debts | 44 | €59,033 | €31,819 | -€27,214 | -46.1% |
| Suppliers | 440/4 | €59,033 | €31,819 | -€27,214 | -46.1% |
| Advances received on contracts in progress | 46 | €11,055 | - | -€11,055 | |
| Taxes, remuneration and social security | 45 | €302,668 | €265,415 | -€37,253 | -12.3% |
| Taxes | 450/3 | €275,271 | €232,320 | -€42,951 | -15.6% |
| Remuneration and social security | 454/9 | €27,397 | €33,095 | +€5,698 | +20.8% |
| Other amounts payable | 47/48 | €3,060 | €40,000 | +€36,940 | +1207.4% |
| Accrued charges and deferred income | 492/3 | €8,314 | €8,935 | +€622 | +7.5% |
| Remuneration, social security and pensions | 62 | €201,855 | €196,723 | -€5,132 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,331 | €16,495 | -€9,836 | -37.4% |
| Other operating charges | 640/8 | €481 | €11,742 | +€11,260 | +2338.6% |
| Gross operating margin | 9900 | €239,449 | €147,163 | -€92,286 | -38.5% |
| Operating profit (loss) | 9901 | €10,781 | -€77,797 | -€88,578 | |
| Financial income | 75/76B | €2,488 | €35,163 | +€32,676 | +1313.5% |
| Recurring financial income | 75 | €2,488 | €35,163 | +€32,676 | +1313.5% |
| Financial charges | 65/66B | €33,297 | €19,234 | -€14,063 | -42.2% |
| Recurring financial charges | 65 | €33,297 | €19,234 | -€14,063 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,028 | -€61,868 | -€41,840 | -208.9% |
| Profit (loss) for the period | 9904 | -€20,028 | -€61,868 | -€41,840 | -208.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,028 | -€61,868 | -€41,840 | -208.9% |
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 5 October 2026 via checked.be.