NETVITS: what changed
NETVITS
Largest movements
- Receivables within one year -€291,511
down €291,511 (-88.2%), from €330,658 to €39,146
of which Other amounts receivable: -€258,841
- Receivables after one year -€82,000
down €82,000 (-100%), from €82,000 to €0
- Tangible fixed assets -€19,042
down €19,042 (-5.8%), from €327,440 to €308,398
of which Land and buildings: -€18,027
- Cash +€12,843
up €12,843 (+20.4%), from €63,097 to €75,940
mainly Receivables within one year (+€291,511) and Receivables after one year (+€82,000)
- Profit (loss) carried forward -€236,776
down €236,776, from €885 to -€235,890
- Other debts -€112,094
down €112,094 (-64.0%), from €175,079 to €62,985
- Debts after one year -€39,479
down €39,479 (-14.8%), from €267,491 to €228,012
- Tax, wage and social debts +€24,840
up €24,840 (+75.9%), from €32,728 to €57,568
of which Taxes: +€25,008
- Reserves -€13,200
down €13,200 (-4.7%), from €282,657 to €269,457
- Gross operating margin +€135,670
up €135,670 (+199%), from €68,081 to €203,750
- Other operating charges +€9,934
up €9,934 (+106%), from €9,384 to €19,318
- Taxes -€7,880
down €7,880 (-98.1%), from €8,036 to €156
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €811,930 | €429,489 | -€382,441 | -47.1% |
| Fixed assets | 21/28 | €328,190 | €308,648 | -€19,542 | -6.0% |
| Tangible fixed assets | 22/27 | €327,440 | €308,398 | -€19,042 | -5.8% |
| Land and buildings | 22 | €320,543 | €302,516 | -€18,027 | -5.6% |
| Plant, machinery and equipment | 23 | €3,311 | €2,537 | -€774 | -23.4% |
| Furniture and vehicles | 24 | €3,586 | €3,345 | -€241 | -6.7% |
| Financial fixed assets | 28 | €750 | €250 | -€500 | -66.7% |
| Current assets | 29/58 | €483,740 | €120,840 | -€362,900 | -75.0% |
| Amounts receivable after more than one year | 29 | €82,000 | €0 | -€82,000 | -100% |
| Trade receivables | 290 | €82,000 | €0 | -€82,000 | -100% |
| Amounts receivable within one year | 40/41 | €330,658 | €39,146 | -€291,511 | -88.2% |
| Trade receivables | 40 | €32,670 | €0 | -€32,670 | -100% |
| Other amounts receivable | 41 | €297,988 | €39,146 | -€258,841 | -86.9% |
| Cash at bank and in hand | 54/58 | €63,097 | €75,940 | +€12,843 | +20.4% |
| Deferred charges and accrued income | 490/1 | €7,985 | €5,754 | -€2,231 | -27.9% |
| Total equity and liabilities | 10/49 | €811,930 | €429,489 | -€382,441 | -47.1% |
| Equity | 10/15 | €291,542 | €41,566 | -€249,976 | -85.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €282,657 | €269,457 | -€13,200 | -4.7% |
| Distributable reserves | 133 | €282,657 | €269,457 | -€13,200 | -4.7% |
| Profit (loss) carried forward | 14 | €885 | -€235,890 | -€236,776 | |
| Amounts payable | 17/49 | €520,388 | €387,922 | -€132,465 | -25.5% |
| Amounts payable after more than one year | 17 | €267,491 | €228,012 | -€39,479 | -14.8% |
| Financial debts | 170/4 | €267,491 | €228,012 | -€39,479 | -14.8% |
| Amounts payable within one year | 42/48 | €245,125 | €147,163 | -€97,961 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €22,903 | €23,746 | +€843 | +3.7% |
| Trade debts | 44 | €14,414 | €2,864 | -€11,550 | -80.1% |
| Suppliers | 440/4 | €14,414 | €2,864 | -€11,550 | -80.1% |
| Taxes, remuneration and social security | 45 | €32,728 | €57,568 | +€24,840 | +75.9% |
| Taxes | 450/3 | €32,560 | €57,568 | +€25,008 | +76.8% |
| Remuneration and social security | 454/9 | €169 | €0 | -€169 | -100% |
| Other amounts payable | 47/48 | €175,079 | €62,985 | -€112,094 | -64.0% |
| Accrued charges and deferred income | 492/3 | €7,773 | €12,747 | +€4,975 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,361 | €20,694 | +€333 | +1.6% |
| Other operating charges | 640/8 | €9,384 | €19,318 | +€9,934 | +106% |
| Non-recurring operating charges | 66A | €764 | €391,917 | +€391,152 | +51,168% |
| Gross operating margin | 9900 | €68,081 | €203,750 | +€135,670 | +199% |
| Operating profit (loss) | 9901 | €37,571 | -€228,178 | -€265,750 | |
| Financial income | 75/76B | €6,497 | €7,357 | +€859 | +13.2% |
| Recurring financial income | 75 | €6,497 | €7,357 | +€859 | +13.2% |
| Financial charges | 65/66B | €16,765 | €15,798 | -€967 | -5.8% |
| Recurring financial charges | 65 | €16,765 | €15,798 | -€967 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €27,304 | -€236,620 | -€263,923 | |
| Income taxes | 67/77 | €8,036 | €156 | -€7,880 | -98.1% |
| Profit (loss) for the period | 9904 | €19,267 | -€236,776 | -€256,043 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,267 | -€236,776 | -€256,043 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.