Networks Matter: what changed
Networks Matter
Largest movements
- Receivables within one year -€40,943
down €40,943 (-66.5%), from €61,574 to €20,631
of which Trade receivables: -€54,213
- Cash +€11,694
up €11,694 (+73.0%), from €16,013 to €27,707
mainly Receivables within one year (+€40,943) and Other debts (+€22,805)
- Deferred charges and accrued income +€1,649
up €1,649 (+180%), from €917 to €2,565
- Profit (loss) carried forward -€69,467
down €69,467 (-100%), from €69,467 to €0
- Other debts +€22,805
up €22,805, from €0 to €22,805
- Trade debts +€16,965
up €16,965 (+1,170%), from €1,450 to €18,415
- Short-term financial debts +€3,626
up €3,626 (+240%), from €1,513 to €5,139
- Tax, wage and social debts -€1,575
down €1,575 (-60.2%), from €2,619 to €1,044
of which Taxes: -€1,575
- Gross operating margin -€5,352
down €5,352 (-17.8%), from €30,108 to €24,756
- Taxes -€2,173
down €2,173 (-37.2%), from €5,843 to €3,670
- Financial charges +€1,963
up €1,963 (+347%), from €566 to €2,528
- Depreciation +€767
up €767 (+28.6%), from €2,680 to €3,447
- Other operating charges +€641
up €641 (+121%), from €528 to €1,169
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 | €85,049 | €57,402 | -€27,647 | -32.5% |
| Fixed assets | 21/28 | €6,545 | €6,498 | -€47 | -0.7% |
| Tangible fixed assets | 22/27 | €6,545 | €6,498 | -€47 | -0.7% |
| Furniture and vehicles | 24 | €6,545 | €6,498 | -€47 | -0.7% |
| Current assets | 29/58 | €78,504 | €50,904 | -€27,600 | -35.2% |
| Amounts receivable within one year | 40/41 | €61,574 | €20,631 | -€40,943 | -66.5% |
| Trade receivables | 40 | €54,213 | €0 | -€54,213 | -100% |
| Other amounts receivable | 41 | €7,361 | €20,631 | +€13,271 | +180% |
| Cash at bank and in hand | 54/58 | €16,013 | €27,707 | +€11,694 | +73.0% |
| Deferred charges and accrued income | 490/1 | €917 | €2,565 | +€1,649 | +180% |
| Total equity and liabilities | 10/49 | €85,049 | €57,402 | -€27,647 | -32.5% |
| Equity | 10/15 | €79,467 | €10,000 | -€69,467 | -87.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,467 | €0 | -€69,467 | -100% |
| Amounts payable | 17/49 | €5,582 | €47,402 | +€41,820 | +749% |
| Amounts payable within one year | 42/48 | €5,582 | €47,402 | +€41,820 | +749% |
| Financial debts | 43 | €1,513 | €5,139 | +€3,626 | +240% |
| Credit institutions | 430/8 | €1,513 | €5,139 | +€3,626 | +240% |
| Trade debts | 44 | €1,450 | €18,415 | +€16,965 | +1,170% |
| Suppliers | 440/4 | €1,450 | €18,415 | +€16,965 | +1,170% |
| Taxes, remuneration and social security | 45 | €2,619 | €1,044 | -€1,575 | -60.2% |
| Taxes | 450/3 | €2,619 | €1,044 | -€1,575 | -60.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €22,805 | +€22,805 | |
| Non-recurring operating income | 76A | - | €7,774 | +€7,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,680 | €3,447 | +€767 | +28.6% |
| Other operating charges | 640/8 | €528 | €1,169 | +€641 | +121% |
| Gross operating margin | 9900 | €30,108 | €24,756 | -€5,352 | -17.8% |
| Operating profit (loss) | 9901 | €26,900 | €20,140 | -€6,760 | -25.1% |
| Financial income | 75/76B | €134 | €3 | -€131 | -97.7% |
| Recurring financial income | 75 | €134 | €3 | -€131 | -97.7% |
| Financial charges | 65/66B | €566 | €2,528 | +€1,963 | +347% |
| Recurring financial charges | 65 | €566 | €2,528 | +€1,963 | +347% |
| Profit (loss) for the period before taxes | 9903 | €26,468 | €17,615 | -€8,854 | -33.4% |
| Income taxes | 67/77 | €5,843 | €3,670 | -€2,173 | -37.2% |
| Profit (loss) for the period | 9904 | €20,625 | €13,944 | -€6,681 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,625 | €13,944 | -€6,681 | -32.4% |
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 4 November 2026 via checked.be.