NETVALUE: 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.
NETVALUE
Largest movements
- Cash +€98,178
up €98,178 (+51.5%), from €190,723 to €288,900
mainly Other debts (+€90,854) and Net result for the year (+€69,545)
- Current investments -€56,220
down €56,220 (-14.4%), from €390,845 to €334,625
- Tangible fixed assets -€12,636
down €12,636 (-25.9%), from €48,710 to €36,075
of which Furniture and vehicles: -€11,565
- Other debts +€90,854
up €90,854 (+206.4%), from €44,019 to €134,874
- Reserves -€71,655
down €71,655 (-12.2%), from €586,458 to €514,803
- Gross operating margin +€16,255
up €16,255 (+18.7%), from €86,919 to €103,174
- Depreciation -€7,825
down €7,825 (-38.2%), from €20,460 to €12,636
- Taxes +€5,993
up €5,993 (+28.3%), from €21,207 to €27,200
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 | €656,053 | €681,267 | +€25,214 | +3.8% |
| Fixed assets | 21/28 | €48,760 | €36,124 | -€12,636 | -25.9% |
| Tangible fixed assets | 22/27 | €48,710 | €36,075 | -€12,636 | -25.9% |
| Plant, machinery and equipment | 23 | €2,576 | €1,506 | -€1,071 | -41.6% |
| Furniture and vehicles | 24 | €46,134 | €34,569 | -€11,565 | -25.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €607,294 | €645,143 | +€37,849 | +6.2% |
| Amounts receivable within one year | 40/41 | €23,786 | €21,278 | -€2,508 | -10.5% |
| Trade receivables | 40 | €18,634 | €20,566 | +€1,932 | +10.4% |
| Other amounts receivable | 41 | €5,152 | €711 | -€4,440 | -86.2% |
| Current investments | 50/53 | €390,845 | €334,625 | -€56,220 | -14.4% |
| Cash at bank and in hand | 54/58 | €190,723 | €288,900 | +€98,178 | +51.5% |
| Deferred charges and accrued income | 490/1 | €1,940 | €340 | -€1,600 | -82.5% |
| Total equity and liabilities | 10/49 | €656,053 | €681,267 | +€25,214 | +3.8% |
| Equity | 10/15 | €605,050 | €533,395 | -€71,655 | -11.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €586,458 | €514,803 | -€71,655 | -12.2% |
| Distributable reserves | 133 | €586,458 | €514,803 | -€71,655 | -12.2% |
| Amounts payable | 17/49 | €51,004 | €147,872 | +€96,868 | +189.9% |
| Amounts payable within one year | 42/48 | €51,004 | €147,872 | +€96,868 | +189.9% |
| Trade debts | 44 | €897 | €2,080 | +€1,183 | +131.9% |
| Suppliers | 440/4 | €897 | €2,080 | +€1,183 | +131.9% |
| Taxes, remuneration and social security | 45 | €6,087 | €10,918 | +€4,831 | +79.4% |
| Taxes | 450/3 | €6,087 | €10,918 | +€4,831 | +79.4% |
| Other amounts payable | 47/48 | €44,019 | €134,874 | +€90,854 | +206.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,460 | €12,636 | -€7,825 | -38.2% |
| Other operating charges | 640/8 | €1,259 | €1,228 | -€30 | -2.4% |
| Gross operating margin | 9900 | €86,919 | €103,174 | +€16,255 | +18.7% |
| Operating profit (loss) | 9901 | €65,200 | €89,310 | +€24,110 | +37.0% |
| Financial income | 75/76B | €8,393 | €7,574 | -€820 | -9.8% |
| Recurring financial income | 75 | €8,393 | €7,574 | -€820 | -9.8% |
| Financial charges | 65/66B | €142 | €139 | -€3 | -2.4% |
| Recurring financial charges | 65 | €142 | €139 | -€3 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €73,451 | €96,745 | +€23,294 | +31.7% |
| Income taxes | 67/77 | €21,207 | €27,200 | +€5,993 | +28.3% |
| Profit (loss) for the period | 9904 | €52,244 | €69,545 | +€17,301 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,244 | €69,545 | +€17,301 | +33.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.