NETWORK SYSTEM ENGINEERING: 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 SYSTEM ENGINEERING
Largest movements
- Cash -€21,410
down €21,410 (-78.3%), from €27,344 to €5,934
mainly Other debts (-€16,331) and Receivables within one year (-€12,481)
- Receivables within one year +€12,481
up €12,481 (+588.7%), from €2,120 to €14,601
of which Trade receivables: +€13,278
- Stocks and contracts -€3,900
down €3,900 (-86.7%), from €4,500 to €600
- Tangible fixed assets +€671
up €671 (+15.6%), from €4,295 to €4,966
of which Furniture and vehicles: +€785
- Other debts -€16,331
down €16,331 (-49.0%), from €33,336 to €17,005
- Profit (loss) carried forward +€3,558
up €3,558 (+13.2%), from -€26,998 to -€23,440
- Trade debts +€848
up €848 (+29.6%), from €2,870 to €3,718
- Gross operating margin -€5,356
down €5,356 (-46.8%), from €11,434 to €6,079
- Financial income -€669
down €669 (-90.9%), from €736 to €67
- Depreciation +€658
up €658 (+58.3%), from €1,128 to €1,785
- Other operating charges +€144
up €144 (+24.7%), from €583 to €727
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 | €39,680 | €27,780 | -€11,900 | -30.0% |
| Fixed assets | 21/28 | €4,295 | €4,966 | +€671 | +15.6% |
| Tangible fixed assets | 22/27 | €4,295 | €4,966 | +€671 | +15.6% |
| Plant, machinery and equipment | 23 | €283 | €169 | -€114 | -40.4% |
| Furniture and vehicles | 24 | €4,012 | €4,797 | +€785 | +19.6% |
| Current assets | 29/58 | €35,385 | €22,814 | -€12,571 | -35.5% |
| Stocks and contracts in progress | 3 | €4,500 | €600 | -€3,900 | -86.7% |
| Stocks | 30/36 | €4,500 | €600 | -€3,900 | -86.7% |
| Amounts receivable within one year | 40/41 | €2,120 | €14,601 | +€12,481 | +588.7% |
| Trade receivables | 40 | €95 | €13,374 | +€13,278 | +13918.4% |
| Other amounts receivable | 41 | €2,025 | €1,227 | -€798 | -39.4% |
| Cash at bank and in hand | 54/58 | €27,344 | €5,934 | -€21,410 | -78.3% |
| Deferred charges and accrued income | 490/1 | €1,421 | €1,679 | +€258 | +18.2% |
| Total equity and liabilities | 10/49 | €39,680 | €27,780 | -€11,900 | -30.0% |
| Equity | 10/15 | €3,462 | €7,020 | +€3,558 | +102.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,998 | -€23,440 | +€3,558 | +13.2% |
| Amounts payable | 17/49 | €36,218 | €20,760 | -€15,458 | -42.7% |
| Amounts payable within one year | 42/48 | €36,205 | €20,732 | -€15,474 | -42.7% |
| Trade debts | 44 | €2,870 | €3,718 | +€848 | +29.6% |
| Suppliers | 440/4 | €2,870 | €3,718 | +€848 | +29.6% |
| Taxes, remuneration and social security | 45 | - | €9 | +€9 | |
| Taxes | 450/3 | - | €9 | +€9 | |
| Other amounts payable | 47/48 | €33,336 | €17,005 | -€16,331 | -49.0% |
| Accrued charges and deferred income | 492/3 | €13 | €28 | +€15 | +118.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128 | €1,785 | +€658 | +58.3% |
| Other operating charges | 640/8 | €583 | €727 | +€144 | +24.7% |
| Gross operating margin | 9900 | €11,434 | €6,079 | -€5,356 | -46.8% |
| Operating profit (loss) | 9901 | €9,723 | €3,566 | -€6,157 | -63.3% |
| Financial income | 75/76B | €736 | €67 | -€669 | -90.9% |
| Recurring financial income | 75 | €736 | €67 | -€669 | -90.9% |
| Financial charges | 65/66B | €59 | €75 | +€16 | +27.6% |
| Recurring financial charges | 65 | €59 | €75 | +€16 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €10,401 | €3,558 | -€6,843 | -65.8% |
| Income taxes | 67/77 | -€34 | - | +€34 | |
| Profit (loss) for the period | 9904 | €10,435 | €3,558 | -€6,877 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,435 | €3,558 | -€6,877 | -65.9% |
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 8 October 2026 via checked.be.