NETWES: 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.
NETWES
Largest movements
- Receivables within one year -€34,639
down €34,639 (-74.7%), from €46,365 to €11,726
of which Trade receivables: -€27,102
- Stocks and contracts -€15,368
down €15,368 (-68.7%), from €22,368 to €7,000
of which Contracts in progress: -€13,668
- Tangible fixed assets +€6,330
up €6,330 (+25.9%), from €24,449 to €30,780
of which Furniture and vehicles: +€8,387
- Profit (loss) carried forward -€41,008
down €41,008, from €175 to -€40,833
- Other debts -€16,430
down €16,430 (-81.6%), from €20,135 to €3,704
- Current portion of long-term debt +€10,433
up €10,433 (+148.1%), from €7,044 to €17,477
- Tax, wage and social debts -€8,228
down €8,228 (-69.6%), from €11,830 to €3,601
of which Taxes: -€6,884
- Trade debts +€8,144
up €8,144 (+116.2%), from €7,010 to €15,154
- Purchases and services +€161,828
new in 2025: €161,828
- Turnover +€143,606
new in 2025: €143,606
- Gross operating margin -€86,260
down €86,260, from €63,412 to -€22,848
- Staff costs -€22,722
down €22,722 (-77.1%), from €29,460 to €6,737
- Taxes -€9,794
down €9,794 (-100.0%), from €9,794 to €0
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 | €95,772 | €51,736 | -€44,035 | -46.0% |
| Fixed assets | 21/28 | €26,049 | €32,380 | +€6,330 | +24.3% |
| Tangible fixed assets | 22/27 | €24,449 | €30,780 | +€6,330 | +25.9% |
| Plant, machinery and equipment | 23 | €14,040 | €11,983 | -€2,057 | -14.6% |
| Furniture and vehicles | 24 | €10,410 | €18,797 | +€8,387 | +80.6% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €69,722 | €19,356 | -€50,366 | -72.2% |
| Stocks and contracts in progress | 3 | €22,368 | €7,000 | -€15,368 | -68.7% |
| Stocks | 30/36 | €8,700 | €7,000 | -€1,700 | -19.5% |
| Contracts in progress | 37 | €13,668 | €0 | -€13,668 | -100.0% |
| Amounts receivable within one year | 40/41 | €46,365 | €11,726 | -€34,639 | -74.7% |
| Trade receivables | 40 | €32,664 | €5,563 | -€27,102 | -83.0% |
| Other amounts receivable | 41 | €13,701 | €6,164 | -€7,537 | -55.0% |
| Cash at bank and in hand | 54/58 | €45 | €234 | +€189 | +419.9% |
| Deferred charges and accrued income | 490/1 | €945 | €396 | -€548 | -58.0% |
| Total equity and liabilities | 10/49 | €95,772 | €51,736 | -€44,035 | -46.0% |
| Equity | 10/15 | €49,753 | €8,745 | -€41,008 | -82.4% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Reserves | 13 | €33,978 | €33,978 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,118 | €32,118 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175 | -€40,833 | -€41,008 | |
| Amounts payable | 17/49 | €46,019 | €42,991 | -€3,028 | -6.6% |
| Amounts payable after more than one year | 17 | - | €3,054 | +€3,054 | |
| Financial debts | 170/4 | - | €3,054 | +€3,054 | |
| Amounts payable within one year | 42/48 | €46,019 | €39,937 | -€6,081 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €7,044 | €17,477 | +€10,433 | +148.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,010 | €15,154 | +€8,144 | +116.2% |
| Suppliers | 440/4 | €7,010 | €15,154 | +€8,144 | +116.2% |
| Taxes, remuneration and social security | 45 | €11,830 | €3,601 | -€8,228 | -69.6% |
| Taxes | 450/3 | €7,836 | €951 | -€6,884 | -87.9% |
| Remuneration and social security | 454/9 | €3,994 | €2,650 | -€1,344 | -33.7% |
| Other amounts payable | 47/48 | €20,135 | €3,704 | -€16,430 | -81.6% |
| Turnover | 70 | - | €143,606 | +€143,606 | |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €161,828 | +€161,828 | |
| Remuneration, social security and pensions | 62 | €29,460 | €6,737 | -€22,722 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,803 | €7,205 | +€2,401 | +50.0% |
| Other operating charges | 640/8 | €3,352 | €2,421 | -€931 | -27.8% |
| Gross operating margin | 9900 | €63,412 | -€22,848 | -€86,260 | |
| Operating profit (loss) | 9901 | €25,797 | -€39,211 | -€65,008 | |
| Financial income | 75/76B | €846 | €224 | -€622 | -73.5% |
| Recurring financial income | 75 | €846 | €224 | -€622 | -73.5% |
| Financial charges | 65/66B | €1,098 | €2,021 | +€923 | +84.1% |
| Recurring financial charges | 65 | €1,098 | €2,021 | +€923 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €25,545 | -€41,008 | -€66,553 | |
| Income taxes | 67/77 | €9,794 | €0 | -€9,794 | -100.0% |
| Profit (loss) for the period | 9904 | €15,751 | -€41,008 | -€56,759 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,751 | -€41,008 | -€56,759 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.