NETWORK INSTALLATION TEAM: 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 INSTALLATION TEAM
Largest movements
- Tangible fixed assets +€411,446
up €411,446 (+79.7%), from €516,523 to €927,969
of which Land and buildings: +€376,088
- Cash +€36,945
up €36,945 (+56.5%), from €65,408 to €102,353
mainly Debts after one year (+€347,836) and Trade debts (+€119,336)
- Stocks and contracts -€18,637
down €18,637 (-15.5%), from €120,504 to €101,867
of which Stocks: -€11,418
- Debts after one year +€347,836
up €347,836 (+121%), from €287,537 to €635,373
- Trade debts +€119,336
up €119,336 (+49.8%), from €239,588 to €358,925
- Reserves -€41,940
down €41,940 (-6.1%), from €685,629 to €643,689
- Depreciation +€26,493
up €26,493 (+48.0%), from €55,230 to €81,723
- Taxes -€26,089
down €26,089 (-59.3%), from €43,977 to €17,887
- Staff costs +€24,412
up €24,412 (+3.3%), from €743,908 to €768,320
- Gross operating margin +€18,600
up €18,600 (+1.9%), from €959,487 to €978,087
- Other operating charges +€17,479
up €17,479 (+289%), from €6,045 to €23,523
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 | €1,416,868 | €1,833,717 | +€416,849 | +29.4% |
| Fixed assets | 21/28 | €520,312 | €931,758 | +€411,446 | +79.1% |
| Tangible fixed assets | 22/27 | €516,523 | €927,969 | +€411,446 | +79.7% |
| Land and buildings | 22 | €349,878 | €725,967 | +€376,088 | +107% |
| Plant, machinery and equipment | 23 | €11,078 | €14,082 | +€3,003 | +27.1% |
| Furniture and vehicles | 24 | €155,566 | €187,920 | +€32,354 | +20.8% |
| Financial fixed assets | 28 | €3,790 | €3,790 | = | 0.0% |
| Current assets | 29/58 | €896,555 | €901,958 | +€5,403 | +0.6% |
| Stocks and contracts in progress | 3 | €120,504 | €101,867 | -€18,637 | -15.5% |
| Stocks | 30/36 | €63,902 | €52,485 | -€11,418 | -17.9% |
| Contracts in progress | 37 | €56,601 | €49,382 | -€7,219 | -12.8% |
| Amounts receivable within one year | 40/41 | €702,856 | €690,626 | -€12,231 | -1.7% |
| Trade receivables | 40 | €593,145 | €486,783 | -€106,361 | -17.9% |
| Other amounts receivable | 41 | €109,712 | €203,842 | +€94,131 | +85.8% |
| Cash at bank and in hand | 54/58 | €65,408 | €102,353 | +€36,945 | +56.5% |
| Deferred charges and accrued income | 490/1 | €7,788 | €7,113 | -€675 | -8.7% |
| Total equity and liabilities | 10/49 | €1,416,868 | €1,833,717 | +€416,849 | +29.4% |
| Equity | 10/15 | €736,629 | €694,689 | -€41,940 | -5.7% |
| Contributions | 10/11 | €51,000 | €51,000 | = | 0.0% |
| Reserves | 13 | €685,629 | €643,689 | -€41,940 | -6.1% |
| Distributable reserves | 133 | €685,629 | €643,689 | -€41,940 | -6.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €680,239 | €1,139,028 | +€458,789 | +67.4% |
| Amounts payable after more than one year | 17 | €287,537 | €635,373 | +€347,836 | +121% |
| Financial debts | 170/4 | €287,537 | €635,373 | +€347,836 | +121% |
| Amounts payable within one year | 42/48 | €391,028 | €502,503 | +€111,476 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €89,606 | €97,711 | +€8,105 | +9.0% |
| Trade debts | 44 | €239,588 | €358,925 | +€119,336 | +49.8% |
| Suppliers | 440/4 | €239,588 | €358,925 | +€119,336 | +49.8% |
| Taxes, remuneration and social security | 45 | €46,072 | €45,039 | -€1,033 | -2.2% |
| Taxes | 450/3 | €8,403 | €26 | -€8,377 | -99.7% |
| Remuneration and social security | 454/9 | €37,669 | €45,013 | +€7,344 | +19.5% |
| Other amounts payable | 47/48 | €15,761 | €828 | -€14,933 | -94.7% |
| Accrued charges and deferred income | 492/3 | €1,674 | €1,151 | -€522 | -31.2% |
| Remuneration, social security and pensions | 62 | €743,908 | €768,320 | +€24,412 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,230 | €81,723 | +€26,493 | +48.0% |
| Other operating charges | 640/8 | €6,045 | €23,523 | +€17,479 | +289% |
| Gross operating margin | 9900 | €959,487 | €978,087 | +€18,600 | +1.9% |
| Operating profit (loss) | 9901 | €154,304 | €104,520 | -€49,784 | -32.3% |
| Financial income | 75/76B | €597 | €4,161 | +€3,563 | +597% |
| Recurring financial income | 75 | €597 | €4,161 | +€3,563 | +597% |
| Financial charges | 65/66B | €23,110 | €32,734 | +€9,623 | +41.6% |
| Recurring financial charges | 65 | €23,110 | €32,734 | +€9,623 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €131,791 | €75,947 | -€55,844 | -42.4% |
| Income taxes | 67/77 | €43,977 | €17,887 | -€26,089 | -59.3% |
| Profit (loss) for the period | 9904 | €87,815 | €58,060 | -€29,754 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,815 | €58,060 | -€29,754 | -33.9% |
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 15 October 2026 via checked.be.