NETWASH EXPRESS: 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.
NETWASH EXPRESS
Largest movements
- Tangible fixed assets +€28,229
up €28,229 (+6.0%), from €472,605 to €500,834
of which Plant, machinery and equipment: +€39,501
- Cash -€11,778
down €11,778 (-76.5%), from €15,403 to €3,625
mainly Investment in fixed assets (net) (-€71,578) and Other debts (-€21,999)
- Other debts -€21,999
down €21,999 (-12.4%), from €176,945 to €154,946
- Reserves +€20,000
up €20,000 (+39.7%), from €50,335 to €70,335
of which Distributable reserves: +€20,000
- Debts after one year +€11,975
up €11,975 (+6.3%), from €189,830 to €201,805
- Depreciation +€7,783
up €7,783 (+21.9%), from €35,566 to €43,349
- Gross operating margin -€7,354
down €7,354 (-7.4%), from €99,852 to €92,498
- Taxes -€1,000
down €1,000 (-33.3%), from €3,000 to €2,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €503,141 | €518,311 | +€15,171 | +3.0% |
| Fixed assets | 21/28 | €475,905 | €504,134 | +€28,229 | +5.9% |
| Tangible fixed assets | 22/27 | €472,605 | €500,834 | +€28,229 | +6.0% |
| Land and buildings | 22 | €402,530 | €391,259 | -€11,272 | -2.8% |
| Plant, machinery and equipment | 23 | €70,075 | €109,576 | +€39,501 | +56.4% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €27,235 | €14,177 | -€13,058 | -47.9% |
| Stocks and contracts in progress | 3 | €3,527 | €2,725 | -€802 | -22.7% |
| Stocks | 30/36 | €3,527 | €2,725 | -€802 | -22.7% |
| Amounts receivable within one year | 40/41 | €8,305 | €7,827 | -€478 | -5.8% |
| Trade receivables | 40 | €6,461 | €5,649 | -€812 | -12.6% |
| Other amounts receivable | 41 | €1,844 | €2,178 | +€334 | +18.1% |
| Cash at bank and in hand | 54/58 | €15,403 | €3,625 | -€11,778 | -76.5% |
| Total equity and liabilities | 10/49 | €503,141 | €518,311 | +€15,171 | +3.0% |
| Equity | 10/15 | €101,505 | €123,497 | +€21,992 | +21.7% |
| Contributions | 10/11 | €140,600 | €140,600 | = | 0.0% |
| Reserves | 13 | €50,335 | €70,335 | +€20,000 | +39.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €50,335 | €70,335 | +€20,000 | +39.7% |
| Profit (loss) carried forward | 14 | -€89,429 | -€87,437 | +€1,992 | +2.2% |
| Amounts payable | 17/49 | €401,635 | €394,814 | -€6,821 | -1.7% |
| Amounts payable after more than one year | 17 | €189,830 | €201,805 | +€11,975 | +6.3% |
| Financial debts | 170/4 | €189,830 | €201,805 | +€11,975 | +6.3% |
| Amounts payable within one year | 42/48 | €211,648 | €191,793 | -€19,854 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €20,689 | €24,222 | +€3,534 | +17.1% |
| Trade debts | 44 | €5,076 | €4,186 | -€890 | -17.5% |
| Suppliers | 440/4 | €5,076 | €4,186 | -€890 | -17.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,938 | €8,440 | -€498 | -5.6% |
| Taxes | 450/3 | €8,938 | €8,440 | -€498 | -5.6% |
| Other amounts payable | 47/48 | €176,945 | €154,946 | -€21,999 | -12.4% |
| Accrued charges and deferred income | 492/3 | €158 | €1,216 | +€1,058 | +671.7% |
| Remuneration, social security and pensions | 62 | €13,049 | €13,546 | +€498 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,566 | €43,349 | +€7,783 | +21.9% |
| Other operating charges | 640/8 | €7,478 | €7,723 | +€245 | +3.3% |
| Non-recurring operating charges | 66A | €300 | €0 | -€300 | -100.0% |
| Gross operating margin | 9900 | €99,852 | €92,498 | -€7,354 | -7.4% |
| Operating profit (loss) | 9901 | €43,460 | €27,880 | -€15,580 | -35.8% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €3,288 | €3,895 | +€608 | +18.5% |
| Recurring financial charges | 65 | €3,288 | €3,895 | +€608 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €40,172 | €23,992 | -€16,180 | -40.3% |
| Income taxes | 67/77 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Profit (loss) for the period | 9904 | €37,172 | €21,992 | -€15,180 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,172 | €21,992 | -€15,180 | -40.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.