NETWORK ELECTRONICS BELUX: 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 ELECTRONICS BELUX
Largest movements
- Tangible fixed assets -€11,909
down €11,909 (-41.1%), from €28,943 to €17,034
- Receivables within one year -€10,227
down €10,227 (-66.2%), from €15,446 to €5,219
of which Other amounts receivable: -€13,252
- Cash -€6,984
down €6,984 (-80.8%), from €8,639 to €1,655
mainly Net result for the year (-€36,366) and Current portion of long-term debt (-€10,564)
- Current investments +€3,579
up €3,579 (+2.7%), from €132,817 to €136,396
- Profit (loss) carried forward -€36,366
down €36,366 (-65.7%), from -€55,377 to -€91,743
- Other debts +€25,698
new in 2025: €25,698
- Current portion of long-term debt -€10,564
down €10,564 (-83.2%), from €12,695 to €2,130
- Debts after one year -€2,130
down €2,130 (-100.0%), from €2,130 to €0
- Gross operating margin -€2,907
down €2,907 (-12.9%), from -€22,617 to -€25,524
- Taxes -€1,000
down €1,000 (-74.1%), from €1,350 to €349
- Depreciation -€522
down €522 (-3.5%), from €15,080 to €14,558
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 | €190,594 | €165,460 | -€25,135 | -13.2% |
| Fixed assets | 21/28 | €28,943 | €17,034 | -€11,909 | -41.1% |
| Tangible fixed assets | 22/27 | €28,943 | €17,034 | -€11,909 | -41.1% |
| Furniture and vehicles | 24 | €28,943 | €17,034 | -€11,909 | -41.1% |
| Current assets | 29/58 | €161,652 | €148,426 | -€13,226 | -8.2% |
| Stocks and contracts in progress | 3 | €4,500 | €4,500 | = | 0.0% |
| Stocks | 30/36 | €4,500 | €4,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,446 | €5,219 | -€10,227 | -66.2% |
| Trade receivables | 40 | €0 | €3,025 | +€3,025 | |
| Other amounts receivable | 41 | €15,446 | €2,194 | -€13,252 | -85.8% |
| Current investments | 50/53 | €132,817 | €136,396 | +€3,579 | +2.7% |
| Cash at bank and in hand | 54/58 | €8,639 | €1,655 | -€6,984 | -80.8% |
| Deferred charges and accrued income | 490/1 | €249 | €655 | +€406 | +163.1% |
| Total equity and liabilities | 10/49 | €190,594 | €165,460 | -€25,135 | -13.2% |
| Equity | 10/15 | €173,435 | €137,069 | -€36,366 | -21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €222,612 | €222,612 | = | 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% |
| Tax-exempt reserves | 132 | €13,910 | €13,910 | = | 0.0% |
| Distributable reserves | 133 | €206,842 | €206,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,377 | -€91,743 | -€36,366 | -65.7% |
| Amounts payable | 17/49 | €17,159 | €28,391 | +€11,232 | +65.5% |
| Amounts payable after more than one year | 17 | €2,130 | €0 | -€2,130 | -100.0% |
| Financial debts | 170/4 | €2,130 | €0 | -€2,130 | -100.0% |
| Amounts payable within one year | 42/48 | €15,029 | €28,391 | +€13,362 | +88.9% |
| Current portion of amounts payable after more than one year | 42 | €12,695 | €2,130 | -€10,564 | -83.2% |
| Trade debts | 44 | €2,290 | €447 | -€1,843 | -80.5% |
| Suppliers | 440/4 | €2,290 | €447 | -€1,843 | -80.5% |
| Taxes, remuneration and social security | 45 | €45 | €116 | +€72 | +160.3% |
| Taxes | 450/3 | €45 | €116 | +€72 | +160.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €25,698 | +€25,698 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,080 | €14,558 | -€522 | -3.5% |
| Other operating charges | 640/8 | €466 | €400 | -€67 | -14.3% |
| Gross operating margin | 9900 | -€22,617 | -€25,524 | -€2,907 | -12.9% |
| Operating profit (loss) | 9901 | -€38,164 | -€40,482 | -€2,318 | -6.1% |
| Financial income | 75/76B | €5,440 | €5,350 | -€90 | -1.7% |
| Recurring financial income | 75 | €5,440 | €5,350 | -€90 | -1.7% |
| Financial charges | 65/66B | €943 | €885 | -€58 | -6.2% |
| Recurring financial charges | 65 | €943 | €885 | -€58 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€33,667 | -€36,017 | -€2,350 | -7.0% |
| Income taxes | 67/77 | €1,350 | €349 | -€1,000 | -74.1% |
| Profit (loss) for the period | 9904 | -€35,017 | -€36,366 | -€1,350 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,017 | -€36,366 | -€1,350 | -3.9% |
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 7 October 2026 via checked.be.