NETVAAST: 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.
NETVAAST
Largest movements
- Cash -€12,084
down €12,084 (-49.1%), from €24,596 to €12,512
mainly Net result for the year (-€36,595) and Trade debts (-€17,127)
- Tangible fixed assets +€5,201
up €5,201 (+3881.3%), from €134 to €5,335
- Receivables within one year -€2,216
down €2,216 (-3.9%), from €56,232 to €54,016
of which Trade receivables: -€14,685
- Deferred charges and accrued income +€1,131
up €1,131 (+232.7%), from €486 to €1,617
- Other debts +€71,177
up €71,177 (+1771.9%), from €4,017 to €75,194
- Profit (loss) carried forward -€36,594
down €36,594 (-53.7%), from -€68,106 to -€104,700
- Trade debts -€17,127
down €17,127 (-21.9%), from €78,068 to €60,941
- Tax, wage and social debts -€16,511
no longer reported in 2025 (was €16,511)
- Accrued charges and deferred income -€8,913
no longer reported in 2025 (was €8,913)
- Other operating charges +€1,621
up €1,621 (+129.1%), from €1,256 to €2,877
- Depreciation -€1,513
down €1,513 (-45.8%), from €3,300 to €1,787
- Gross operating margin -€1,352
down €1,352 (-5.1%), from -€26,624 to -€27,976
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 | €81,448 | €73,480 | -€7,968 | -9.8% |
| Fixed assets | 21/28 | €134 | €5,335 | +€5,201 | +3881.3% |
| Tangible fixed assets | 22/27 | €134 | €5,335 | +€5,201 | +3881.3% |
| Furniture and vehicles | 24 | €134 | €5,335 | +€5,201 | +3881.3% |
| Current assets | 29/58 | €81,314 | €68,145 | -€13,169 | -16.2% |
| Amounts receivable within one year | 40/41 | €56,232 | €54,016 | -€2,216 | -3.9% |
| Trade receivables | 40 | €46,382 | €31,697 | -€14,685 | -31.7% |
| Other amounts receivable | 41 | €9,850 | €22,319 | +€12,469 | +126.6% |
| Cash at bank and in hand | 54/58 | €24,596 | €12,512 | -€12,084 | -49.1% |
| Deferred charges and accrued income | 490/1 | €486 | €1,617 | +€1,131 | +232.7% |
| Total equity and liabilities | 10/49 | €81,448 | €73,480 | -€7,968 | -9.8% |
| Equity | 10/15 | -€26,061 | -€62,655 | -€36,594 | -140.4% |
| Contributions | 10/11 | €8,760 | €8,760 | = | 0.0% |
| Reserves | 13 | €33,285 | €33,285 | = | 0.0% |
| Distributable reserves | 133 | €33,285 | €33,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,106 | -€104,700 | -€36,594 | -53.7% |
| Amounts payable | 17/49 | €107,509 | €136,135 | +€28,626 | +26.6% |
| Amounts payable within one year | 42/48 | €98,596 | €136,135 | +€37,539 | +38.1% |
| Trade debts | 44 | €78,068 | €60,941 | -€17,127 | -21.9% |
| Suppliers | 440/4 | €78,068 | €60,941 | -€17,127 | -21.9% |
| Taxes, remuneration and social security | 45 | €16,511 | - | -€16,511 | |
| Taxes | 450/3 | €16,511 | - | -€16,511 | |
| Other amounts payable | 47/48 | €4,017 | €75,194 | +€71,177 | +1771.9% |
| Accrued charges and deferred income | 492/3 | €8,913 | - | -€8,913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,300 | €1,787 | -€1,513 | -45.8% |
| Other operating charges | 640/8 | €1,256 | €2,877 | +€1,621 | +129.1% |
| Gross operating margin | 9900 | -€26,624 | -€27,976 | -€1,352 | -5.1% |
| Operating profit (loss) | 9901 | -€31,180 | -€32,640 | -€1,460 | -4.7% |
| Financial income | 75/76B | €32 | €41 | +€9 | +28.1% |
| Recurring financial income | 75 | €32 | €41 | +€9 | +28.1% |
| Financial charges | 65/66B | €3,488 | €3,454 | -€34 | -1.0% |
| Recurring financial charges | 65 | €3,488 | €3,454 | -€34 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,636 | -€36,053 | -€1,417 | -4.1% |
| Income taxes | 67/77 | €435 | €542 | +€107 | +24.6% |
| Profit (loss) for the period | 9904 | -€35,071 | -€36,595 | -€1,524 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,071 | -€36,595 | -€1,524 | -4.3% |
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 12 October 2026 via checked.be.