Netvise: 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.
Netvise
Largest movements
- Receivables within one year +€44,929
up €44,929 (+17.5%), from €256,081 to €301,009
of which Trade receivables: +€44,929
- Tangible fixed assets +€32,418
up €32,418 (+139%), from €23,332 to €55,750
of which Plant, machinery and equipment: +€33,270
- Cash -€12,867
down €12,867 (-31.2%), from €41,281 to €28,415
mainly Investment in fixed assets (net) (-€47,153) and Receivables within one year (-€44,929)
- Tax, wage and social debts +€35,512
up €35,512 (+36.8%), from €96,460 to €131,973
of which Taxes: +€35,412
- Reserves +€22,645
up €22,645 (+13.5%), from €168,213 to €190,857
of which Distributable reserves: +€22,645
- Accrued charges and deferred income +€5,000
new in 2025: €5,000
- Gross operating margin +€52,182
up €52,182 (+53.3%), from €97,933 to €150,115
- Staff costs +€10,376
up €10,376 (+12.3%), from €84,394 to €94,769
- Taxes +€9,732
up €9,732 (+231%), from €4,204 to €13,936
- Depreciation +€8,748
up €8,748 (+146%), from €5,986 to €14,734
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.
Derived cash bridge
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 | €334,239 | €395,375 | +€61,136 | +18.3% |
| Fixed assets | 21/28 | €23,532 | €55,950 | +€32,418 | +138% |
| Tangible fixed assets | 22/27 | €23,332 | €55,750 | +€32,418 | +139% |
| Plant, machinery and equipment | 23 | €21,888 | €55,157 | +€33,270 | +152% |
| Furniture and vehicles | 24 | €1,444 | €593 | -€851 | -58.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €310,707 | €339,424 | +€28,717 | +9.2% |
| Amounts receivable within one year | 40/41 | €256,081 | €301,009 | +€44,929 | +17.5% |
| Trade receivables | 40 | €246,081 | €291,009 | +€44,929 | +18.3% |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,281 | €28,415 | -€12,867 | -31.2% |
| Deferred charges and accrued income | 490/1 | €13,345 | €10,000 | -€3,345 | -25.1% |
| Total equity and liabilities | 10/49 | €334,239 | €395,375 | +€61,136 | +18.3% |
| Equity | 10/15 | €174,413 | €197,057 | +€22,645 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €168,213 | €190,857 | +€22,645 | +13.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €166,353 | €188,997 | +€22,645 | +13.6% |
| Amounts payable | 17/49 | €159,826 | €198,317 | +€38,491 | +24.1% |
| Amounts payable within one year | 42/48 | €159,826 | €193,317 | +€33,491 | +21.0% |
| Trade debts | 44 | €63,366 | €61,345 | -€2,022 | -3.2% |
| Suppliers | 440/4 | €63,366 | €61,345 | -€2,022 | -3.2% |
| Taxes, remuneration and social security | 45 | €96,460 | €131,973 | +€35,512 | +36.8% |
| Taxes | 450/3 | €86,312 | €121,724 | +€35,412 | +41.0% |
| Remuneration and social security | 454/9 | €10,148 | €10,249 | +€101 | +1.0% |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Non-recurring operating income | 76A | €3,896 | - | -€3,896 | |
| Remuneration, social security and pensions | 62 | €84,394 | €94,769 | +€10,376 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,986 | €14,734 | +€8,748 | +146% |
| Other operating charges | 640/8 | €447 | €1,753 | +€1,306 | +293% |
| Gross operating margin | 9900 | €97,933 | €150,115 | +€52,182 | +53.3% |
| Operating profit (loss) | 9901 | €7,107 | €38,859 | +€31,752 | +447% |
| Financial income | 75/76B | €257 | €313 | +€56 | +21.7% |
| Recurring financial income | 75 | €257 | €313 | +€56 | +21.7% |
| Financial charges | 65/66B | €2,290 | €2,591 | +€301 | +13.2% |
| Recurring financial charges | 65 | €2,290 | €2,591 | +€301 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €5,074 | €36,581 | +€31,506 | +621% |
| Income taxes | 67/77 | €4,204 | €13,936 | +€9,732 | +231% |
| Profit (loss) for the period | 9904 | €870 | €22,645 | +€21,775 | +2,503% |
| Profit (loss) for the period to be appropriated | 9905 | €870 | €22,645 | +€21,775 | +2,503% |
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 14 October 2026 via checked.be.