NETVICE: 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.
NETVICE
Largest movements
- Receivables within one year -€33,480
down €33,480 (-98.8%), from €33,901 to €421
- Tangible fixed assets -€25,081
down €25,081 (-3.4%), from €737,545 to €712,464
of which Land and buildings: -€31,085
- Debts after one year -€100,647
down €100,647 (-17.9%), from €561,099 to €460,452
- Reserves +€60,137
up €60,137 (+85.9%), from €69,985 to €130,121
of which Distributable reserves: +€65,000
- Tax, wage and social debts +€40,439
up €40,439 (+1047.8%), from €3,859 to €44,299
- Profit (loss) carried forward -€38,923
down €38,923 (-39.3%), from €98,920 to €59,996
- Trade debts -€8,875
down €8,875 (-97.4%), from €9,111 to €236
- Taxes +€44,975
up €44,975 (+470.7%), from €9,554 to €54,529
- Other operating charges -€29,272
down €29,272 (-86.5%), from €33,853 to €4,580
- Gross operating margin +€29,139
up €29,139 (+28.1%), from €103,611 to €132,750
- Purchases and services -€22,919
down €22,919 (-19.5%), from €117,585 to €94,666
- Depreciation +€12,773
up €12,773 (+53.6%), from €23,834 to €36,607
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 | €798,509 | €748,301 | -€50,208 | -6.3% |
| Fixed assets | 21/28 | €738,075 | €712,994 | -€25,081 | -3.4% |
| Tangible fixed assets | 22/27 | €737,545 | €712,464 | -€25,081 | -3.4% |
| Land and buildings | 22 | €719,079 | €687,994 | -€31,085 | -4.3% |
| Plant, machinery and equipment | 23 | €14,784 | €12,140 | -€2,645 | -17.9% |
| Furniture and vehicles | 24 | €3,681 | €12,330 | +€8,649 | +234.9% |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €60,434 | €35,307 | -€25,127 | -41.6% |
| Amounts receivable after more than one year | 29 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,901 | €421 | -€33,480 | -98.8% |
| Trade receivables | 40 | €33,901 | €421 | -€33,480 | -98.8% |
| Cash at bank and in hand | 54/58 | €22,488 | €29,864 | +€7,376 | +32.8% |
| Deferred charges and accrued income | 490/1 | €1,045 | €2,022 | +€977 | +93.5% |
| Total equity and liabilities | 10/49 | €798,509 | €748,301 | -€50,208 | -6.3% |
| Equity | 10/15 | €187,904 | €209,118 | +€21,214 | +11.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €69,985 | €130,121 | +€60,137 | +85.9% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,085 | €63,221 | -€4,863 | -7.1% |
| Distributable reserves | 133 | - | €65,000 | +€65,000 | |
| Profit (loss) carried forward | 14 | €98,920 | €59,996 | -€38,923 | -39.3% |
| Provisions and deferred taxes | 16 | €35,058 | €32,554 | -€2,504 | -7.1% |
| Deferred taxes | 168 | €35,058 | €32,554 | -€2,504 | -7.1% |
| Amounts payable | 17/49 | €575,547 | €506,630 | -€68,917 | -12.0% |
| Amounts payable after more than one year | 17 | €561,099 | €460,452 | -€100,647 | -17.9% |
| Financial debts | 170/4 | €561,099 | €460,452 | -€100,647 | -17.9% |
| Amounts payable within one year | 42/48 | €14,448 | €46,178 | +€31,730 | +219.6% |
| Trade debts | 44 | €9,111 | €236 | -€8,875 | -97.4% |
| Suppliers | 440/4 | €9,111 | €236 | -€8,875 | -97.4% |
| Taxes, remuneration and social security | 45 | €3,859 | €44,299 | +€40,439 | +1047.8% |
| Taxes | 450/3 | €3,859 | €44,299 | +€40,439 | +1047.8% |
| Other amounts payable | 47/48 | €1,477 | €1,643 | +€166 | +11.3% |
| Turnover | 70 | €221,196 | €227,416 | +€6,220 | +2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €117,585 | €94,666 | -€22,919 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,834 | €36,607 | +€12,773 | +53.6% |
| Other operating charges | 640/8 | €33,853 | €4,580 | -€29,272 | -86.5% |
| Gross operating margin | 9900 | €103,611 | €132,750 | +€29,139 | +28.1% |
| Operating profit (loss) | 9901 | €45,924 | €91,563 | +€45,639 | +99.4% |
| Financial income | 75/76B | €3,373 | €37 | -€3,336 | -98.9% |
| Recurring financial income | 75 | €53 | €37 | -€16 | -30.1% |
| Non-recurring financial income | 76B | €3,320 | - | -€3,320 | |
| Financial charges | 65/66B | €14,073 | €15,858 | +€1,785 | +12.7% |
| Recurring financial charges | 65 | €14,073 | €15,858 | +€1,785 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €35,225 | €75,743 | +€40,518 | +115.0% |
| Income taxes | 67/77 | €9,554 | €54,529 | +€44,975 | +470.7% |
| Profit (loss) for the period | 9904 | €25,671 | €21,214 | -€4,457 | -17.4% |
| Transfer from tax-exempt reserves | 789 | - | €4,863 | +€4,863 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,671 | €26,077 | +€406 | +1.6% |
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.