Netwerk: 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.
What changed
Netwerk
NACE 90.312, Arts creation and performing arts activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,609
2024 · -€205,796+€208,405
Equity
€865,387
2024 · €865,410-€23
Cash
€26,074
2024 · €59,450-€33,376
Balance sheet total
€1.7m
2024 · €1.8m-€102,441
Largest movements
Assets
- Receivables within one year -€47,469
down €47,469 (-35.3%), from €134,619 to €87,150
of which Trade receivables: -€26,578
- Cash -€33,376
down €33,376 (-56.1%), from €59,450 to €26,074
mainly Short-term financial debts (-€50,000) and Debts after one year (-€46,867)
Equity and liabilities
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Debts after one year -€46,867
down €46,867 (-6.5%), from €722,904 to €676,037
Income statement
- Gross operating margin +€122,746
up €122,746 (+30.0%), from €408,699 to €531,445
- Staff costs -€71,648
down €71,648 (-14.2%), from €506,161 to €434,513
- Financial charges +€5,704
up €5,704 (+25.5%), from €22,352 to €28,056
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.
Result 2024
-€205,796
Gross operating margin
+€122,746
Staff costs
+€71,648
Depreciation
+€2,923
Other operating charges
+€4,318
Other operating items
+€12,426
Financial income
+€48
Financial charges
-€5,704
Result 2025
€2,609
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€94,516
Investment
-€31,369
Financing
-€96,523
Cash 2024
€59,450
From operations (derived)
+€94,516
Net result for the year
+€2,609
Depreciation
+€45,688
Stocks and contracts
-€680
Receivables within one year
+€47,469
Deferred charges and accrued income
+€7,957
Trade debts
-€10,502
Tax, wage and social debts
+€3,220
Advances received
+€709
Accrued charges and deferred income
-€1,955
Investment (derived)
-€31,369
Investment in fixed assets (net)
-€31,369
Financing
-€96,523
Debts after one year
-€46,867
Current portion of long-term debt
+€2,976
Short-term financial debts
-€50,000
Contributions, distributions and other
-€2,632
Cash 2025
€26,074
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,781,105 | €1,678,664 | -€102,441 | -5.8% |
| Fixed assets | 21/28 | €1,572,306 | €1,557,987 | -€14,319 | -0.9% |
| Intangible fixed assets | 21 | €23,896 | €17,720 | -€6,176 | -25.8% |
| Tangible fixed assets | 22/27 | €1,547,740 | €1,539,767 | -€7,973 | -0.5% |
| Land and buildings | 22 | €1,485,943 | €1,496,956 | +€11,013 | +0.7% |
| Plant, machinery and equipment | 23 | €61,797 | €42,811 | -€18,986 | -30.7% |
| Financial fixed assets | 28 | €670 | €500 | -€170 | -25.4% |
| Current assets | 29/58 | €208,799 | €120,677 | -€88,122 | -42.2% |
| Stocks and contracts in progress | 3 | €2,013 | €2,693 | +€680 | +33.8% |
| Stocks | 30/36 | €2,013 | €2,693 | +€680 | +33.8% |
| Amounts receivable within one year | 40/41 | €134,619 | €87,150 | -€47,469 | -35.3% |
| Trade receivables | 40 | €31,851 | €5,273 | -€26,578 | -83.4% |
| Other amounts receivable | 41 | €102,768 | €81,877 | -€20,891 | -20.3% |
| Cash at bank and in hand | 54/58 | €59,450 | €26,074 | -€33,376 | -56.1% |
| Deferred charges and accrued income | 490/1 | €12,717 | €4,760 | -€7,957 | -62.6% |
| Total equity and liabilities | 10/49 | €1,781,105 | €1,678,664 | -€102,441 | -5.8% |
| Equity | 10/15 | €865,410 | €865,387 | -€23 | 0.0% |
| Reserves | 13 | €95,564 | €95,564 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €230,715 | €233,323 | +€2,608 | +1.1% |
| Investment grants | 15 | €539,132 | €536,500 | -€2,632 | -0.5% |
| Amounts payable | 17/49 | €915,695 | €813,277 | -€102,418 | -11.2% |
| Amounts payable after more than one year | 17 | €722,904 | €676,037 | -€46,867 | -6.5% |
| Financial debts | 170/4 | €722,904 | €676,037 | -€46,867 | -6.5% |
| Amounts payable within one year | 42/48 | €190,836 | €137,240 | -€53,596 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €43,891 | €46,867 | +€2,976 | +6.8% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €46,241 | €35,739 | -€10,502 | -22.7% |
| Suppliers | 440/4 | €46,241 | €35,739 | -€10,502 | -22.7% |
| Advances received on contracts in progress | 46 | - | €709 | +€709 | |
| Taxes, remuneration and social security | 45 | €50,705 | €53,925 | +€3,220 | +6.4% |
| Taxes | 450/3 | €12,478 | €10,216 | -€2,262 | -18.1% |
| Remuneration and social security | 454/9 | €38,227 | €43,709 | +€5,482 | +14.3% |
| Accrued charges and deferred income | 492/3 | €1,955 | - | -€1,955 | |
| Remuneration, social security and pensions | 62 | €506,161 | €434,513 | -€71,648 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,611 | €45,688 | -€2,923 | -6.0% |
| Other operating charges | 640/8 | €23,471 | €19,153 | -€4,318 | -18.4% |
| Non-recurring operating charges | 66A | €14,010 | €1,584 | -€12,426 | -88.7% |
| Gross operating margin | 9900 | €408,699 | €531,445 | +€122,746 | +30.0% |
| Operating profit (loss) | 9901 | -€183,554 | €30,507 | +€214,061 | |
| Financial income | 75/76B | €110 | €158 | +€48 | +43.4% |
| Recurring financial income | 75 | €110 | €158 | +€48 | +43.4% |
| Financial charges | 65/66B | €22,352 | €28,056 | +€5,704 | +25.5% |
| Recurring financial charges | 65 | €22,352 | €28,056 | +€5,704 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | -€205,796 | €2,609 | +€208,405 | |
| Profit (loss) for the period | 9904 | -€205,796 | €2,609 | +€208,405 | |
| Profit (loss) for the period to be appropriated | 9905 | -€205,796 | €2,609 | +€208,405 |
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 23 October 2026 via checked.be.