Network for Excellence in Training: 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.
Network for Excellence in Training
Largest movements
- Cash -€64,688
down €64,688 (-85.2%), from €75,957 to €11,269
mainly Investment in fixed assets (net) (-€81,807) and Net result for the year (-€60,772)
- Tangible fixed assets +€53,117
up €53,117 (+13.6%), from €390,474 to €443,591
of which Land and buildings: +€54,648
- Receivables within one year -€52,259
down €52,259 (-73.8%), from €70,854 to €18,595
of which Trade receivables: -€51,673
- Profit (loss) carried forward -€60,772
new in 2025: -€60,772
- Tax, wage and social debts -€26,133
down €26,133 (-71.9%), from €36,341 to €10,208
of which Taxes: -€22,108
- Other debts +€18,094
up €18,094 (+2,287%), from €791 to €18,886
- Current portion of long-term debt +€11,985
up €11,985 (+64.0%), from €18,720 to €30,705
- Debts after one year -€10,078
down €10,078 (-2.2%), from €458,817 to €448,738
- Gross operating margin -€86,234
down €86,234, from €80,339 to -€5,895
- Financial charges +€12,826
up €12,826 (+135%), from €9,487 to €22,314
- Taxes -€10,202
down €10,202 (-77.3%), from €13,200 to €2,998
- Depreciation -€2,069
down €2,069 (-6.7%), from €30,759 to €28,690
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.
Derived cash bridge
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 | €587,344 | €524,132 | -€63,211 | -10.8% |
| Fixed assets | 21/28 | €440,473 | €493,590 | +€53,117 | +12.1% |
| Tangible fixed assets | 22/27 | €390,474 | €443,591 | +€53,117 | +13.6% |
| Land and buildings | 22 | €387,328 | €441,975 | +€54,648 | +14.1% |
| Plant, machinery and equipment | 23 | €613 | €344 | -€270 | -44.0% |
| Furniture and vehicles | 24 | €2,533 | €1,272 | -€1,261 | -49.8% |
| Financial fixed assets | 28 | €49,999 | €49,999 | = | 0.0% |
| Current assets | 29/58 | €146,871 | €30,543 | -€116,328 | -79.2% |
| Amounts receivable within one year | 40/41 | €70,854 | €18,595 | -€52,259 | -73.8% |
| Trade receivables | 40 | €65,854 | €14,182 | -€51,673 | -78.5% |
| Other amounts receivable | 41 | €5,000 | €4,414 | -€587 | -11.7% |
| Cash at bank and in hand | 54/58 | €75,957 | €11,269 | -€64,688 | -85.2% |
| Deferred charges and accrued income | 490/1 | €60 | €679 | +€619 | +1,041% |
| Total equity and liabilities | 10/49 | €587,344 | €524,132 | -€63,211 | -10.8% |
| Equity | 10/15 | €71,343 | €10,571 | -€60,772 | -85.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €61,343 | €61,343 | = | 0.0% |
| Distributable reserves | 133 | €61,343 | €61,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€60,772 | -€60,772 | |
| Amounts payable | 17/49 | €516,001 | €513,561 | -€2,440 | -0.5% |
| Amounts payable after more than one year | 17 | €458,817 | €448,738 | -€10,078 | -2.2% |
| Financial debts | 170/4 | €458,817 | €448,738 | -€10,078 | -2.2% |
| Amounts payable within one year | 42/48 | €57,184 | €59,799 | +€2,615 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €18,720 | €30,705 | +€11,985 | +64.0% |
| Trade debts | 44 | €1,332 | - | -€1,332 | |
| Suppliers | 440/4 | €1,332 | - | -€1,332 | |
| Taxes, remuneration and social security | 45 | €36,341 | €10,208 | -€26,133 | -71.9% |
| Taxes | 450/3 | €32,316 | €10,208 | -€22,108 | -68.4% |
| Remuneration and social security | 454/9 | €4,025 | - | -€4,025 | |
| Other amounts payable | 47/48 | €791 | €18,886 | +€18,094 | +2,287% |
| Accrued charges and deferred income | 492/3 | - | €5,024 | +€5,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,759 | €28,690 | -€2,069 | -6.7% |
| Other operating charges | 640/8 | €970 | €1,179 | +€210 | +21.6% |
| Gross operating margin | 9900 | €80,339 | -€5,895 | -€86,234 | |
| Operating profit (loss) | 9901 | €48,610 | -€35,765 | -€84,374 | |
| Financial income | 75/76B | €1 | €304 | +€303 | +30,023% |
| Recurring financial income | 75 | €1 | €304 | +€303 | +30,023% |
| Financial charges | 65/66B | €9,487 | €22,314 | +€12,826 | +135% |
| Recurring financial charges | 65 | €9,487 | €22,314 | +€12,826 | +135% |
| Profit (loss) for the period before taxes | 9903 | €39,123 | -€57,774 | -€96,897 | |
| Income taxes | 67/77 | €13,200 | €2,998 | -€10,202 | -77.3% |
| Profit (loss) for the period | 9904 | €25,924 | -€60,772 | -€86,695 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,924 | -€60,772 | -€86,695 |
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 27 October 2026 via checked.be.