Network Tales: what changed
Network Tales
Largest movements
- Cash +€31,540
up €31,540 (+88.5%), from €35,648 to €67,187
mainly Net result for the year (+€52,665) and Trade debts (+€27,120)
- Tangible fixed assets +€18,107
up €18,107 (+30.2%), from €60,039 to €78,146
of which Other tangible fixed assets: +€31,835
- Receivables within one year +€5,763
up €5,763 (+9.6%), from €60,072 to €65,835
of which Trade receivables: +€5,038
- Reserves +€54,000
up €54,000 (+47.0%), from €115,000 to €169,000
- Trade debts +€27,120
up €27,120 (+2,468%), from €1,099 to €28,219
- Tax, wage and social debts -€22,192
down €22,192 (-80.8%), from €27,459 to €5,267
- Accrued charges and deferred income -€2,419
no longer reported in 2025 (was €2,419)
- Gross operating margin -€23,078
down €23,078 (-20.5%), from €112,463 to €89,385
- Taxes -€6,482
down €6,482 (-27.8%), from €23,296 to €16,814
- Depreciation +€2,886
up €2,886 (+17.8%), from €16,208 to €19,093
- Financial charges -€2,410
down €2,410 (-94.9%), from €2,538 to €128
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,759 | €211,169 | +€55,410 | +35.6% |
| Fixed assets | 21/28 | €60,039 | €78,146 | +€18,107 | +30.2% |
| Tangible fixed assets | 22/27 | €60,039 | €78,146 | +€18,107 | +30.2% |
| Furniture and vehicles | 24 | €41,989 | €28,262 | -€13,727 | -32.7% |
| Other tangible fixed assets | 26 | €18,049 | €49,884 | +€31,835 | +176% |
| Current assets | 29/58 | €95,720 | €133,023 | +€37,303 | +39.0% |
| Amounts receivable within one year | 40/41 | €60,072 | €65,835 | +€5,763 | +9.6% |
| Trade receivables | 40 | €60,072 | €65,110 | +€5,038 | +8.4% |
| Other amounts receivable | 41 | - | €725 | +€725 | |
| Cash at bank and in hand | 54/58 | €35,648 | €67,187 | +€31,540 | +88.5% |
| Total equity and liabilities | 10/49 | €155,759 | €211,169 | +€55,410 | +35.6% |
| Equity | 10/15 | €121,702 | €174,367 | +€52,665 | +43.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €115,000 | €169,000 | +€54,000 | +47.0% |
| Distributable reserves | 133 | €115,000 | €169,000 | +€54,000 | +47.0% |
| Profit (loss) carried forward | 14 | €1,702 | €367 | -€1,335 | -78.4% |
| Amounts payable | 17/49 | €34,057 | €36,801 | +€2,745 | +8.1% |
| Amounts payable within one year | 42/48 | €31,638 | €36,801 | +€5,163 | +16.3% |
| Trade debts | 44 | €1,099 | €28,219 | +€27,120 | +2,468% |
| Suppliers | 440/4 | €1,099 | €28,219 | +€27,120 | +2,468% |
| Taxes, remuneration and social security | 45 | €27,459 | €5,267 | -€22,192 | -80.8% |
| Taxes | 450/3 | €27,459 | €5,267 | -€22,192 | -80.8% |
| Other amounts payable | 47/48 | €3,080 | €3,316 | +€235 | +7.6% |
| Accrued charges and deferred income | 492/3 | €2,419 | - | -€2,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,208 | €19,093 | +€2,886 | +17.8% |
| Other operating charges | 640/8 | €182 | €684 | +€503 | +276% |
| Gross operating margin | 9900 | €112,463 | €89,385 | -€23,078 | -20.5% |
| Operating profit (loss) | 9901 | €96,074 | €69,607 | -€26,466 | -27.5% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €2,538 | €128 | -€2,410 | -94.9% |
| Recurring financial charges | 65 | €2,538 | €128 | -€2,410 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | €93,540 | €69,479 | -€24,061 | -25.7% |
| Income taxes | 67/77 | €23,296 | €16,814 | -€6,482 | -27.8% |
| Profit (loss) for the period | 9904 | €70,244 | €52,665 | -€17,579 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,244 | €52,665 | -€17,579 | -25.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.