NETVision: 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.
NETVision
Largest movements
- Intangible fixed assets -€36,699
down €36,699 (-64.1%), from €57,266 to €20,567
- Receivables within one year -€14,160
down €14,160 (-65.6%), from €21,599 to €7,438
of which Other amounts receivable: -€19,477
- Cash +€1,805
up €1,805 (+101.2%), from €1,783 to €3,588
mainly Depreciation (+€41,528) and Receivables within one year (+€14,160)
- Stocks and contracts -€1,580
down €1,580 (-7.3%), from €21,616 to €20,036
- Profit (loss) carried forward -€39,868
down €39,868 (-93.3%), from €42,713 to €2,845
- Current portion of long-term debt -€17,731
down €17,731 (-70.5%), from €25,133 to €7,402
- Trade debts +€9,918
up €9,918 (+220.2%), from €4,504 to €14,422
- Other debts +€9,743
up €9,743 (+1539.7%), from €633 to €10,376
- Debts after one year -€7,402
down €7,402 (-34.1%), from €21,703 to €14,301
- Gross operating margin +€5,857
up €5,857 (+78.3%), from -€7,480 to -€1,623
- Financial charges -€5,337
down €5,337 (-75.2%), from €7,093 to €1,756
- Depreciation +€2,015
up €2,015 (+5.1%), from €39,513 to €41,528
- Other operating charges -€163
no longer reported in 2025 (was €163)
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 | €103,761 | €52,662 | -€51,099 | -49.2% |
| Formation expenses | 20 | €340 | €170 | -€170 | -50.0% |
| Fixed assets | 21/28 | €57,266 | €20,567 | -€36,699 | -64.1% |
| Intangible fixed assets | 21 | €57,266 | €20,567 | -€36,699 | -64.1% |
| Current assets | 29/58 | €46,155 | €31,925 | -€14,230 | -30.8% |
| Stocks and contracts in progress | 3 | €21,616 | €20,036 | -€1,580 | -7.3% |
| Stocks | 30/36 | €21,616 | €20,036 | -€1,580 | -7.3% |
| Amounts receivable within one year | 40/41 | €21,599 | €7,438 | -€14,160 | -65.6% |
| Trade receivables | 40 | €615 | €5,931 | +€5,316 | +864.7% |
| Other amounts receivable | 41 | €20,984 | €1,507 | -€19,477 | -92.8% |
| Cash at bank and in hand | 54/58 | €1,783 | €3,588 | +€1,805 | +101.2% |
| Deferred charges and accrued income | 490/1 | €1,157 | €862 | -€295 | -25.5% |
| Total equity and liabilities | 10/49 | €103,761 | €52,662 | -€51,099 | -49.2% |
| Equity | 10/15 | €50,713 | €5,845 | -€44,868 | -88.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,713 | €2,845 | -€39,868 | -93.3% |
| Investment grants | 15 | €5,000 | - | -€5,000 | |
| Amounts payable | 17/49 | €53,048 | €46,817 | -€6,231 | -11.7% |
| Amounts payable after more than one year | 17 | €21,703 | €14,301 | -€7,402 | -34.1% |
| Financial debts | 170/4 | €21,703 | €14,301 | -€7,402 | -34.1% |
| Amounts payable within one year | 42/48 | €30,270 | €32,200 | +€1,930 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €25,133 | €7,402 | -€17,731 | -70.5% |
| Trade debts | 44 | €4,504 | €14,422 | +€9,918 | +220.2% |
| Suppliers | 440/4 | €4,504 | €14,422 | +€9,918 | +220.2% |
| Other amounts payable | 47/48 | €633 | €10,376 | +€9,743 | +1539.7% |
| Accrued charges and deferred income | 492/3 | €1,075 | €316 | -€759 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,513 | €41,528 | +€2,015 | +5.1% |
| Other operating charges | 640/8 | €163 | - | -€163 | |
| Gross operating margin | 9900 | -€7,480 | -€1,623 | +€5,857 | +78.3% |
| Operating profit (loss) | 9901 | -€47,156 | -€43,151 | +€4,005 | +8.5% |
| Financial income | 75/76B | €5,000 | €5,039 | +€39 | +0.8% |
| Recurring financial income | 75 | €5,000 | €5,039 | +€39 | +0.8% |
| Financial charges | 65/66B | €7,093 | €1,756 | -€5,337 | -75.2% |
| Recurring financial charges | 65 | €7,093 | €1,756 | -€5,337 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | -€49,249 | -€39,868 | +€9,381 | +19.0% |
| Profit (loss) for the period | 9904 | -€49,249 | -€39,868 | +€9,381 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,249 | -€39,868 | +€9,381 | +19.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.