NETVISION: 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.
NETVISION
Largest movements
- Receivables within one year -€100,277
down €100,277 (-49.5%), from €202,451 to €102,174
of which Other amounts receivable: -€97,582
- Cash +€38,868
up €38,868 (+542%), from €7,173 to €46,041
mainly Receivables within one year (+€100,277) and Depreciation (+€19,484)
- Tangible fixed assets -€19,484
down €19,484 (-8.2%), from €237,672 to €218,189
of which Land and buildings: -€15,996
- Debts after one year -€74,473
no longer reported in 2025 (was €74,473)
- Current portion of long-term debt -€9,982
no longer reported in 2025 (was €9,982)
- Reserves +€4,997
up €4,997 (+3.6%), from €139,331 to €144,329
- Gross operating margin +€5,049
up €5,049 (+17.4%), from €28,971 to €34,020
- Other operating charges -€1,810
down €1,810 (-20.9%), from €8,668 to €6,858
- Taxes +€500
new in 2025: €500
- Staff costs -€347
no longer reported in 2025 (was €347)
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 | €448,403 | €367,642 | -€80,761 | -18.0% |
| Fixed assets | 21/28 | €237,752 | €218,269 | -€19,484 | -8.2% |
| Tangible fixed assets | 22/27 | €237,672 | €218,189 | -€19,484 | -8.2% |
| Land and buildings | 22 | €231,032 | €215,036 | -€15,996 | -6.9% |
| Plant, machinery and equipment | 23 | €1,665 | €543 | -€1,121 | -67.4% |
| Furniture and vehicles | 24 | €4,976 | €2,610 | -€2,366 | -47.6% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €210,651 | €149,374 | -€61,277 | -29.1% |
| Amounts receivable within one year | 40/41 | €202,451 | €102,174 | -€100,277 | -49.5% |
| Trade receivables | 40 | €3,083 | €389 | -€2,695 | -87.4% |
| Other amounts receivable | 41 | €199,368 | €101,786 | -€97,582 | -48.9% |
| Cash at bank and in hand | 54/58 | €7,173 | €46,041 | +€38,868 | +542% |
| Deferred charges and accrued income | 490/1 | €1,027 | €1,158 | +€131 | +12.8% |
| Total equity and liabilities | 10/49 | €448,403 | €367,642 | -€80,761 | -18.0% |
| Equity | 10/15 | €354,354 | €359,351 | +€4,997 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,331 | €144,329 | +€4,997 | +3.6% |
| Distributable reserves | 133 | €139,331 | €144,329 | +€4,997 | +3.6% |
| Profit (loss) carried forward | 14 | €196,423 | €196,423 | = | 0.0% |
| Amounts payable | 17/49 | €94,049 | €8,291 | -€85,758 | -91.2% |
| Amounts payable after more than one year | 17 | €74,473 | - | -€74,473 | |
| Financial debts | 170/4 | €74,473 | - | -€74,473 | |
| Amounts payable within one year | 42/48 | €19,576 | €8,291 | -€11,285 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €9,982 | - | -€9,982 | |
| Trade debts | 44 | €3,099 | €506 | -€2,593 | -83.7% |
| Suppliers | 440/4 | €3,099 | €506 | -€2,593 | -83.7% |
| Taxes, remuneration and social security | 45 | €38 | €545 | +€507 | +1,336% |
| Taxes | 450/3 | €38 | €545 | +€507 | +1,336% |
| Other amounts payable | 47/48 | €6,457 | €7,240 | +€783 | +12.1% |
| Remuneration, social security and pensions | 62 | €347 | - | -€347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,444 | €19,484 | +€39 | +0.2% |
| Other operating charges | 640/8 | €8,668 | €6,858 | -€1,810 | -20.9% |
| Gross operating margin | 9900 | €28,971 | €34,020 | +€5,049 | +17.4% |
| Operating profit (loss) | 9901 | €512 | €7,678 | +€7,167 | +1,400% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €2,251 | €2,207 | -€43 | -1.9% |
| Recurring financial charges | 65 | €2,251 | €2,207 | -€43 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,739 | €5,497 | +€7,236 | |
| Income taxes | 67/77 | - | €500 | +€500 | |
| Profit (loss) for the period | 9904 | -€1,739 | €4,997 | +€6,736 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,739 | €4,997 | +€6,736 |
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.