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 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€551,911
2024 · -€81,813+€633,724
Equity
€955,855
2024 · €403,944+€551,911
Cash
€259,025
2024 · €550,426-€291,401
Balance sheet total
€6.0m
2024 · €4.8m+€1.3m
Largest movements
Assets
- Receivables within one year +€1.5m
up €1.5m (+38.7%), from €3.9m to €5.4m
of which Trade receivables: +€1.2m
- Cash -€291,401
down €291,401 (-52.9%), from €550,426 to €259,025
mainly Receivables within one year (-€1.5m) and Deferred charges and accrued income (-€75,049)
- Deferred charges and accrued income +€75,049
up €75,049 (+65.7%), from €114,222 to €189,271
Equity and liabilities
- Trade debts +€483,511
up €483,511 (+37.3%), from €1.3m to €1.8m
- Profit (loss) carried forward +€278,261
up €278,261 (+157.0%), from €177,191 to €455,452
- Reserves +€273,650
up €273,650 (+166.1%), from €164,753 to €438,403
of which Tax-exempt reserves: +€273,650
- Tax, wage and social debts +€160,554
up €160,554 (+9.9%), from €1.6m to €1.8m
of which Remuneration and social security: +€169,776
- Short-term financial debts +€157,166
up €157,166 (+22.8%), from €688,650 to €845,816
Income statement
- Turnover +€7.2m
up €7.2m (+28.7%), from €25.1m to €32.2m
- Goods and materials +€5.6m
up €5.6m (+42.4%), from €13.3m to €18.9m
- Services and other goods +€597,049
up €597,049 (+24.7%), from €2.4m to €3.0m
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
-€81,813
Turnover
+€7.2m
Other operating income
-€9,651
Goods and materials
-€5.6m
Services and other goods
-€597,049
Staff costs
-€204,503
Depreciation
-€9,816
Other operating charges
+€39,216
Other operating items
-€29,553
Financial income
+€591
Financial charges
+€7,856
Taxes
-€134,947
Result 2025
€551,911
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.
From operations
-€338,375
Investment
-€60,206
Financing
+€107,180
Cash 2024
€550,426
From operations (derived)
-€338,375
Net result for the year
+€551,911
Depreciation
+€79,316
Receivables within one year
-€1.5m
Deferred charges and accrued income
-€75,049
Trade debts
+€483,511
Tax, wage and social debts
+€160,554
Accrued charges and deferred income
-€39,544
Investment (derived)
-€60,206
Investment in fixed assets (net)
-€60,206
Financing
+€107,180
Debts after one year
-€31,337
Current portion of long-term debt
-€18,650
Short-term financial debts
+€157,166
Cash 2025
€259,025
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,752,110 | €6,015,722 | +€1.3m | +26.6% |
| Fixed assets | 21/28 | €214,353 | €195,243 | -€19,110 | -8.9% |
| Intangible fixed assets | 21 | €24,825 | €32,232 | +€7,407 | +29.8% |
| Tangible fixed assets | 22/27 | €189,526 | €163,009 | -€26,517 | -14.0% |
| Plant, machinery and equipment | 23 | €28,161 | €29,908 | +€1,747 | +6.2% |
| Furniture and vehicles | 24 | €157,163 | €132,101 | -€25,063 | -15.9% |
| Leasing and similar rights | 25 | €4,201 | €0 | -€4,201 | -100.0% |
| Assets under construction and advance payments | 27 | - | €1,000 | +€1,000 | |
| Financial fixed assets | 28 | €2 | €2 | = | 0.0% |
| Affiliated companies | 280/1 | - | €2 | +€2 | |
| Participating interests | 280 | - | €2 | +€2 | |
| Companies linked by participating interests | 282/3 | €2 | €0 | -€2 | -100.0% |
| Participating interests | 282 | €2 | €0 | -€2 | -100.0% |
| Current assets | 29/58 | €4,537,757 | €5,820,479 | +€1.3m | +28.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,873,109 | €5,372,183 | +€1.5m | +38.7% |
| Trade receivables | 40 | €3,828,609 | €5,060,180 | +€1.2m | +32.2% |
| Other amounts receivable | 41 | €44,500 | €312,003 | +€267,503 | +601.1% |
| Cash at bank and in hand | 54/58 | €550,426 | €259,025 | -€291,401 | -52.9% |
| Deferred charges and accrued income | 490/1 | €114,222 | €189,271 | +€75,049 | +65.7% |
| Total equity and liabilities | 10/49 | €4,752,110 | €6,015,722 | +€1.3m | +26.6% |
| Equity | 10/15 | €403,944 | €955,855 | +€551,911 | +136.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €164,753 | €438,403 | +€273,650 | +166.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €273,650 | +€273,650 | |
| Distributable reserves | 133 | €158,553 | €158,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,191 | €455,452 | +€278,261 | +157.0% |
| Amounts payable | 17/49 | €4,348,166 | €5,059,867 | +€711,701 | +16.4% |
| Amounts payable after more than one year | 17 | €56,983 | €25,646 | -€31,337 | -55.0% |
| Financial debts | 170/4 | €56,983 | €25,646 | -€31,337 | -55.0% |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Credit institutions | 173 | €56,983 | €25,646 | -€31,337 | -55.0% |
| Amounts payable within one year | 42/48 | €3,764,256 | €4,546,838 | +€782,582 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €49,987 | €31,337 | -€18,650 | -37.3% |
| Financial debts | 43 | €688,650 | €845,816 | +€157,166 | +22.8% |
| Credit institutions | 430/8 | €688,650 | €845,816 | +€157,166 | +22.8% |
| Trade debts | 44 | €1,296,107 | €1,779,618 | +€483,511 | +37.3% |
| Suppliers | 440/4 | €1,296,107 | €1,779,618 | +€483,511 | +37.3% |
| Taxes, remuneration and social security | 45 | €1,629,513 | €1,790,067 | +€160,554 | +9.9% |
| Taxes | 450/3 | €344,086 | €334,865 | -€9,222 | -2.7% |
| Remuneration and social security | 454/9 | €1,285,426 | €1,455,203 | +€169,776 | +13.2% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €526,927 | €487,383 | -€39,544 | -7.5% |
| Operating income | 70/76A | €25,434,138 | €32,573,704 | +€7.1m | +28.1% |
| Turnover | 70 | €25,058,111 | €32,249,124 | +€7.2m | +28.7% |
| Own construction capitalised | 72 | €12,500 | €0 | -€12,500 | -100.0% |
| Other operating income | 74 | €305,426 | €295,776 | -€9,651 | -3.2% |
| Non-recurring operating income | 76A | €58,101 | €28,804 | -€29,296 | -50.4% |
| Operating charges | 60/66A | €25,059,380 | €31,438,722 | +€6.4m | +25.5% |
| Goods for resale, raw materials and consumables | 60 | €13,253,680 | €18,873,114 | +€5.6m | +42.4% |
| Purchases | 600/8 | €13,253,680 | €18,873,114 | +€5.6m | +42.4% |
| Services and other goods | 61 | €2,416,037 | €3,013,087 | +€597,049 | +24.7% |
| Remuneration, social security and pensions | 62 | €9,231,476 | €9,435,978 | +€204,503 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,500 | €79,316 | +€9,816 | +14.1% |
| Other operating charges | 640/8 | €74,990 | €35,774 | -€39,216 | -52.3% |
| Non-recurring operating charges | 66A | €13,698 | €1,454 | -€12,244 | -89.4% |
| Operating profit (loss) | 9901 | €374,758 | €1,134,981 | +€760,224 | +202.9% |
| Financial income | 75/76B | €309 | €900 | +€591 | +190.9% |
| Recurring financial income | 75 | €309 | €900 | +€591 | +190.9% |
| Income from financial fixed assets | 750 | €44 | €0 | -€44 | -100.0% |
| Income from current assets | 751 | €163 | €54 | -€110 | -67.2% |
| Other financial income | 752/9 | €102 | €846 | +€744 | +726.8% |
| Financial charges | 65/66B | €301,330 | €293,474 | -€7,856 | -2.6% |
| Recurring financial charges | 65 | €301,330 | €293,474 | -€7,856 | -2.6% |
| Debt charges | 650 | €286,963 | €291,172 | +€4,209 | +1.5% |
| Other financial charges | 652/9 | €14,367 | €2,302 | -€12,065 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €73,737 | €842,408 | +€768,670 | +1042.4% |
| Income taxes | 67/77 | €155,550 | €290,497 | +€134,947 | +86.8% |
| Taxes | 670/3 | €155,550 | €290,500 | +€134,950 | +86.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€81,813 | €551,911 | +€633,724 | |
| Transfer to tax-exempt reserves | 689 | - | €273,650 | +€273,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,813 | €278,261 | +€360,074 |
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 10 October 2026 via checked.be.