NETWALK: 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.
NETWALK
Largest movements
- Cash +€35,539
up €35,539 (+31.0%), from €114,816 to €150,355
mainly Other debts (+€73,056) and Receivables within one year (+€26,693)
- Receivables within one year -€26,693
down €26,693 (-29.0%), from €92,038 to €65,345
of which Other amounts receivable: -€17,732
- Tangible fixed assets +€6,205
up €6,205 (+19.4%), from €32,032 to €38,237
of which Other tangible fixed assets: +€15,198
- Other debts +€73,056
up €73,056 (+44.4%), from €164,457 to €237,513
- Trade debts -€62,779
down €62,779 (-98.3%), from €63,867 to €1,088
- Profit (loss) carried forward +€13,096
up €13,096 (+73.5%), from -€17,821 to -€4,725
- Tax, wage and social debts -€8,322
no longer reported in 2025 (was €8,322)
- Gross operating margin +€21,206
up €21,206 (+482.5%), from €4,395 to €25,602
- Turnover +€12,455
up €12,455 (+12.9%), from €96,636 to €109,091
- Purchases and services -€8,752
down €8,752 (-9.5%), from €92,241 to €83,489
- Write-downs -€4,200
no longer reported in 2025 (was €4,200)
- Depreciation +€3,181
up €3,181 (+44.6%), from €7,139 to €10,321
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 | €239,286 | €254,336 | +€15,050 | +6.3% |
| Fixed assets | 21/28 | €32,432 | €38,637 | +€6,205 | +19.1% |
| Tangible fixed assets | 22/27 | €32,032 | €38,237 | +€6,205 | +19.4% |
| Plant, machinery and equipment | 23 | €28,761 | €20,447 | -€8,314 | -28.9% |
| Furniture and vehicles | 24 | €3,271 | €2,592 | -€679 | -20.7% |
| Other tangible fixed assets | 26 | - | €15,198 | +€15,198 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €206,854 | €215,699 | +€8,846 | +4.3% |
| Amounts receivable within one year | 40/41 | €92,038 | €65,345 | -€26,693 | -29.0% |
| Trade receivables | 40 | €15,698 | €6,736 | -€8,962 | -57.1% |
| Other amounts receivable | 41 | €76,340 | €58,609 | -€17,732 | -23.2% |
| Cash at bank and in hand | 54/58 | €114,816 | €150,355 | +€35,539 | +31.0% |
| Total equity and liabilities | 10/49 | €239,286 | €254,336 | +€15,050 | +6.3% |
| Equity | 10/15 | €2,639 | €15,735 | +€13,096 | +496.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,821 | -€4,725 | +€13,096 | +73.5% |
| Amounts payable | 17/49 | €236,647 | €238,601 | +€1,954 | +0.8% |
| Amounts payable within one year | 42/48 | €236,647 | €238,601 | +€1,954 | +0.8% |
| Trade debts | 44 | €63,867 | €1,088 | -€62,779 | -98.3% |
| Suppliers | 440/4 | €63,867 | €1,088 | -€62,779 | -98.3% |
| Taxes, remuneration and social security | 45 | €8,322 | - | -€8,322 | |
| Taxes | 450/3 | €8,322 | - | -€8,322 | |
| Other amounts payable | 47/48 | €164,457 | €237,513 | +€73,056 | +44.4% |
| Turnover | 70 | €96,636 | €109,091 | +€12,455 | +12.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €92,241 | €83,489 | -€8,752 | -9.5% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,139 | €10,321 | +€3,181 | +44.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,200 | - | -€4,200 | |
| Other operating charges | 640/8 | €2,607 | €2,332 | -€275 | -10.6% |
| Gross operating margin | 9900 | €4,395 | €25,602 | +€21,206 | +482.5% |
| Operating profit (loss) | 9901 | -€9,939 | €12,549 | +€22,488 | |
| Financial income | 75/76B | - | €613 | +€613 | |
| Recurring financial income | 75 | - | €613 | +€613 | |
| Financial charges | 65/66B | €67 | €66 | -€1 | -1.8% |
| Recurring financial charges | 65 | €67 | €66 | -€1 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,006 | €13,096 | +€23,102 | |
| Profit (loss) for the period | 9904 | -€10,006 | €13,096 | +€23,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,006 | €13,096 | +€23,102 |
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 8 October 2026 via checked.be.