Network Express Group: 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 Express Group
Largest movements
- Receivables within one year +€67,764
up €67,764 (+286.3%), from €23,667 to €91,431
- Tangible fixed assets -€5,272
down €5,272 (-19.5%), from €26,992 to €21,720
- Cash -€1,164
down €1,164 (-77.7%), from €1,499 to €335
mainly Receivables within one year (-€67,764) and Tax, wage and social debts (-€9,548)
- Reserves +€38,615
up €38,615 (+308.5%), from €12,516 to €51,131
- Profit (loss) carried forward +€32,526
up €32,526 (+57.0%), from -€57,033 to -€24,507
- Tax, wage and social debts -€9,548
down €9,548 (-12.3%), from €77,810 to €68,262
- Turnover +€49,944
up €49,944 (+535.1%), from €9,333 to €59,277
- Gross operating margin +€48,537
up €48,537 (+782.7%), from €6,201 to €54,738
- Taxes +€13,989
new in 2024: €13,989
- Financial charges -€9,307
down €9,307 (-98.6%), from €9,439 to €132
- Depreciation -€1,787
down €1,787 (-18.7%), from €9,537 to €7,750
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,158 | €113,486 | +€61,328 | +117.6% |
| Fixed assets | 21/28 | €26,992 | €21,720 | -€5,272 | -19.5% |
| Tangible fixed assets | 22/27 | €26,992 | €21,720 | -€5,272 | -19.5% |
| Furniture and vehicles | 24 | €26,992 | €21,720 | -€5,272 | -19.5% |
| Current assets | 29/58 | €25,166 | €91,766 | +€66,600 | +264.6% |
| Amounts receivable within one year | 40/41 | €23,667 | €91,431 | +€67,764 | +286.3% |
| Other amounts receivable | 41 | €23,667 | €91,431 | +€67,764 | +286.3% |
| Cash at bank and in hand | 54/58 | €1,499 | €335 | -€1,164 | -77.7% |
| Total equity and liabilities | 10/49 | €52,158 | €113,486 | +€61,328 | +117.6% |
| Equity | 10/15 | -€25,917 | €45,224 | +€71,141 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,516 | €51,131 | +€38,615 | +308.5% |
| Distributable reserves | 133 | €12,516 | €51,131 | +€38,615 | +308.5% |
| Profit (loss) carried forward | 14 | -€57,033 | -€24,507 | +€32,526 | +57.0% |
| Amounts payable | 17/49 | €78,075 | €68,262 | -€9,813 | -12.6% |
| Amounts payable within one year | 42/48 | €78,075 | €68,262 | -€9,813 | -12.6% |
| Trade debts | 44 | €265 | - | -€265 | |
| Suppliers | 440/4 | €265 | - | -€265 | |
| Taxes, remuneration and social security | 45 | €77,810 | €68,262 | -€9,548 | -12.3% |
| Taxes | 450/3 | €77,810 | €68,262 | -€9,548 | -12.3% |
| Turnover | 70 | €9,333 | €59,277 | +€49,944 | +535.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,132 | €4,539 | +€1,407 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,537 | €7,750 | -€1,787 | -18.7% |
| Other operating charges | 640/8 | €263 | €341 | +€78 | +29.7% |
| Gross operating margin | 9900 | €6,201 | €54,738 | +€48,537 | +782.7% |
| Operating profit (loss) | 9901 | -€3,599 | €46,647 | +€50,246 | |
| Financial charges | 65/66B | €9,439 | €132 | -€9,307 | -98.6% |
| Recurring financial charges | 65 | €9,439 | €132 | -€9,307 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,038 | €46,515 | +€59,553 | |
| Income taxes | 67/77 | - | €13,989 | +€13,989 | |
| Profit (loss) for the period | 9904 | -€13,038 | €32,526 | +€45,564 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,038 | €32,526 | +€45,564 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.