NETWORK: 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.
NETWORK
Largest movements
- Cash +€12,381
up €12,381 (+33.8%), from €36,639 to €49,020
mainly Net result for the year (+€6,835) and Receivables within one year (+€2,239)
- Receivables within one year -€2,239
no longer reported in 2025 (was €2,239)
of which Other amounts receivable: -€2,099
- Stocks and contracts -€1,571
down €1,571 (-9.7%), from €16,224 to €14,652
- Reserves +€6,835
up €6,835 (+18.3%), from €37,288 to €44,123
of which Distributable reserves: +€8,694
- Other debts +€1,200
up €1,200 (+169.5%), from €708 to €1,908
- Tax, wage and social debts +€713
up €713 (+40.9%), from €1,745 to €2,459
- Gross operating margin -€1,105
down €1,105 (-12.6%), from €8,767 to €7,662
- Financial charges -€1,038
down €1,038 (-81.9%), from €1,267 to €229
- Other operating charges -€937
down €937 (-64.3%), from €1,457 to €520
- Depreciation -€199
no longer reported in 2025 (was €199)
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 | €55,102 | €63,673 | +€8,571 | +15.6% |
| Current assets | 29/58 | €55,102 | €63,673 | +€8,571 | +15.6% |
| Stocks and contracts in progress | 3 | €16,224 | €14,652 | -€1,571 | -9.7% |
| Stocks | 30/36 | €16,224 | €14,652 | -€1,571 | -9.7% |
| Amounts receivable within one year | 40/41 | €2,239 | - | -€2,239 | |
| Trade receivables | 40 | €140 | - | -€140 | |
| Other amounts receivable | 41 | €2,099 | - | -€2,099 | |
| Cash at bank and in hand | 54/58 | €36,639 | €49,020 | +€12,381 | +33.8% |
| Total equity and liabilities | 10/49 | €55,102 | €63,673 | +€8,571 | +15.6% |
| Equity | 10/15 | €52,161 | €58,996 | +€6,835 | +13.1% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €37,288 | €44,123 | +€6,835 | +18.3% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €35,428 | €44,123 | +€8,694 | +24.5% |
| Amounts payable | 17/49 | €2,941 | €4,676 | +€1,736 | +59.0% |
| Amounts payable within one year | 42/48 | €2,941 | €4,676 | +€1,736 | +59.0% |
| Trade debts | 44 | €488 | €310 | -€178 | -36.4% |
| Suppliers | 440/4 | €488 | €310 | -€178 | -36.4% |
| Taxes, remuneration and social security | 45 | €1,745 | €2,459 | +€713 | +40.9% |
| Taxes | 450/3 | €1,745 | €2,459 | +€713 | +40.9% |
| Other amounts payable | 47/48 | €708 | €1,908 | +€1,200 | +169.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199 | - | -€199 | |
| Other operating charges | 640/8 | €1,457 | €520 | -€937 | -64.3% |
| Gross operating margin | 9900 | €8,767 | €7,662 | -€1,105 | -12.6% |
| Operating profit (loss) | 9901 | €7,111 | €7,142 | +€31 | +0.4% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €1,267 | €229 | -€1,038 | -81.9% |
| Recurring financial charges | 65 | €1,267 | €229 | -€1,038 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €5,869 | €6,912 | +€1,044 | +17.8% |
| Income taxes | 67/77 | - | €78 | +€78 | |
| Profit (loss) for the period | 9904 | €5,869 | €6,835 | +€966 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,869 | €6,835 | +€966 | +16.5% |
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 3 October 2026 via checked.be.