NETUP: 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.
NETUP
Largest movements
- Receivables within one year -€55,706
down €55,706 (-36.7%), from €151,633 to €95,926
of which Other amounts receivable: -€64,889
- Cash -€3,688
down €3,688 (-9.7%), from €37,924 to €34,236
mainly Contributions, distributions and other (-€166,353)
- Profit (loss) carried forward -€118,251
down €118,251 (-100.0%), from €118,251 to €0
- Other debts +€47,243
up €47,243 (+5499.7%), from €859 to €48,102
- Trade debts +€9,120
up €9,120 (+737.2%), from €1,237 to €10,357
- Gross operating margin -€10,330
down €10,330 (-14.7%), from €70,212 to €59,882
- Taxes -€3,750
down €3,750 (-22.2%), from €16,872 to €13,122
- Financial income -€1,122
down €1,122 (-17.5%), from €6,431 to €5,309
- Financial charges +€928
up €928 (+59.2%), from €1,566 to €2,494
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 | €190,728 | €130,409 | -€60,320 | -31.6% |
| Fixed assets | 21/28 | €764 | €246 | -€517 | -67.8% |
| Tangible fixed assets | 22/27 | €764 | €246 | -€517 | -67.8% |
| Furniture and vehicles | 24 | €764 | €246 | -€517 | -67.8% |
| Current assets | 29/58 | €189,965 | €130,162 | -€59,802 | -31.5% |
| Amounts receivable within one year | 40/41 | €151,633 | €95,926 | -€55,706 | -36.7% |
| Trade receivables | 40 | €14,292 | €23,475 | +€9,183 | +64.3% |
| Other amounts receivable | 41 | €137,341 | €72,451 | -€64,889 | -47.2% |
| Cash at bank and in hand | 54/58 | €37,924 | €34,236 | -€3,688 | -9.7% |
| Deferred charges and accrued income | 490/1 | €408 | €0 | -€408 | -100.0% |
| Total equity and liabilities | 10/49 | €190,728 | €130,409 | -€60,320 | -31.6% |
| Equity | 10/15 | €178,858 | €60,606 | -€118,251 | -66.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,606 | €57,606 | = | 0.0% |
| Distributable reserves | 133 | €57,606 | €57,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,251 | €0 | -€118,251 | -100.0% |
| Amounts payable | 17/49 | €11,871 | €69,802 | +€57,932 | +488.0% |
| Amounts payable within one year | 42/48 | €11,871 | €69,392 | +€57,521 | +484.6% |
| Trade debts | 44 | €1,237 | €10,357 | +€9,120 | +737.2% |
| Suppliers | 440/4 | €1,237 | €10,357 | +€9,120 | +737.2% |
| Taxes, remuneration and social security | 45 | €9,775 | €10,933 | +€1,159 | +11.9% |
| Taxes | 450/3 | €9,775 | €10,933 | +€1,159 | +11.9% |
| Other amounts payable | 47/48 | €859 | €48,102 | +€47,243 | +5499.7% |
| Accrued charges and deferred income | 492/3 | - | €410 | +€410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517 | €517 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €956 | +€568 | +146.7% |
| Gross operating margin | 9900 | €70,212 | €59,882 | -€10,330 | -14.7% |
| Operating profit (loss) | 9901 | €69,307 | €58,409 | -€10,898 | -15.7% |
| Financial income | 75/76B | €6,431 | €5,309 | -€1,122 | -17.5% |
| Recurring financial income | 75 | €6,431 | €5,309 | -€1,122 | -17.5% |
| Financial charges | 65/66B | €1,566 | €2,494 | +€928 | +59.2% |
| Recurring financial charges | 65 | €1,566 | €2,494 | +€928 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €74,172 | €61,223 | -€12,948 | -17.5% |
| Income taxes | 67/77 | €16,872 | €13,122 | -€3,750 | -22.2% |
| Profit (loss) for the period | 9904 | €57,300 | €48,102 | -€9,198 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,300 | €48,102 | -€9,198 | -16.1% |
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 28 September 2026 via checked.be.