NETWORX: 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.
NETWORX
Largest movements
- Deferred charges and accrued income +€352,588
up €352,588 (+6174.8%), from €5,710 to €358,298
- Tangible fixed assets -€210,144
down €210,144 (-41.9%), from €500,948 to €290,804
of which Land and buildings: -€192,030
- Cash +€190,192
up €190,192 (+324.9%), from €58,536 to €248,729
mainly Net result for the year (+€651,120) and Receivables within one year (+€172,018)
- Receivables within one year -€172,018
down €172,018 (-26.8%), from €642,423 to €470,406
of which Other amounts receivable: -€182,796
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Profit (loss) carried forward -€589,742
down €589,742 (-98.3%), from €600,000 to €10,258
- Reserves +€340,297
up €340,297 (+1522.3%), from €22,355 to €362,652
of which Tax-exempt reserves: +€340,297
- Other debts +€138,448
up €138,448 (+16.8%), from €824,986 to €963,433
- Provisions +€113,432
new in 2025: €113,432
- Trade debts +€54,676
up €54,676 (+131.9%), from €41,463 to €96,138
- Gross operating margin +€457,029
up €457,029 (+148.9%), from €306,941 to €763,970
- Financial income -€383,045
down €383,045 (-73.3%), from €522,336 to €139,292
- Depreciation -€21,490
down €21,490 (-29.8%), from €72,064 to €50,574
- Financial charges -€9,098
down €9,098 (-29.6%), from €30,694 to €21,596
- Taxes +€8,393
up €8,393 (+16.0%), from €52,408 to €60,801
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 | €2,413,489 | €2,474,108 | +€60,618 | +2.5% |
| Fixed assets | 21/28 | €1,606,820 | €1,396,676 | -€210,144 | -13.1% |
| Tangible fixed assets | 22/27 | €500,948 | €290,804 | -€210,144 | -41.9% |
| Land and buildings | 22 | €466,561 | €274,531 | -€192,030 | -41.2% |
| Plant, machinery and equipment | 23 | €746 | €0 | -€746 | -100.0% |
| Furniture and vehicles | 24 | €33,641 | €16,273 | -€17,367 | -51.6% |
| Financial fixed assets | 28 | €1,105,872 | €1,105,872 | = | 0.0% |
| Current assets | 29/58 | €806,670 | €1,077,432 | +€270,762 | +33.6% |
| Amounts receivable within one year | 40/41 | €642,423 | €470,406 | -€172,018 | -26.8% |
| Trade receivables | 40 | €104,097 | €114,875 | +€10,778 | +10.4% |
| Other amounts receivable | 41 | €538,327 | €355,531 | -€182,796 | -34.0% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €58,536 | €248,729 | +€190,192 | +324.9% |
| Deferred charges and accrued income | 490/1 | €5,710 | €358,298 | +€352,588 | +6174.8% |
| Total equity and liabilities | 10/49 | €2,413,489 | €2,474,108 | +€60,618 | +2.5% |
| Equity | 10/15 | €1,085,555 | €836,110 | -€249,445 | -23.0% |
| Contributions | 10/11 | €463,200 | €463,200 | = | 0.0% |
| Reserves | 13 | €22,355 | €362,652 | +€340,297 | +1522.3% |
| Tax-exempt reserves | 132 | - | €340,297 | +€340,297 | |
| Distributable reserves | 133 | €22,355 | €22,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €600,000 | €10,258 | -€589,742 | -98.3% |
| Provisions and deferred taxes | 16 | - | €113,432 | +€113,432 | |
| Deferred taxes | 168 | - | €113,432 | +€113,432 | |
| Amounts payable | 17/49 | €1,327,935 | €1,524,566 | +€196,631 | +14.8% |
| Amounts payable after more than one year | 17 | €357,000 | €357,000 | = | 0.0% |
| Financial debts | 170/4 | €357,000 | €357,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €911,264 | €1,105,948 | +€194,683 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €38,118 | €38,210 | +€92 | +0.2% |
| Credit institutions | 430/8 | €38,118 | €38,210 | +€92 | +0.2% |
| Trade debts | 44 | €41,463 | €96,138 | +€54,676 | +131.9% |
| Suppliers | 440/4 | €41,463 | €96,138 | +€54,676 | +131.9% |
| Taxes, remuneration and social security | 45 | €6,698 | €8,166 | +€1,468 | +21.9% |
| Taxes | 450/3 | €6,698 | €8,166 | +€1,468 | +21.9% |
| Other amounts payable | 47/48 | €824,986 | €963,433 | +€138,448 | +16.8% |
| Accrued charges and deferred income | 492/3 | €59,671 | €61,618 | +€1,948 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,064 | €50,574 | -€21,490 | -29.8% |
| Other operating charges | 640/8 | €5,662 | €5,738 | +€76 | +1.3% |
| Gross operating margin | 9900 | €306,941 | €763,970 | +€457,029 | +148.9% |
| Operating profit (loss) | 9901 | €229,214 | €707,658 | +€478,444 | +208.7% |
| Financial income | 75/76B | €522,336 | €139,292 | -€383,045 | -73.3% |
| Recurring financial income | 75 | €522,336 | €139,292 | -€383,045 | -73.3% |
| Financial charges | 65/66B | €30,694 | €21,596 | -€9,098 | -29.6% |
| Recurring financial charges | 65 | €30,694 | €21,596 | -€9,098 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €720,856 | €825,354 | +€104,497 | +14.5% |
| Transfer to deferred taxes | 680 | - | €113,432 | +€113,432 | |
| Income taxes | 67/77 | €52,408 | €60,801 | +€8,393 | +16.0% |
| Profit (loss) for the period | 9904 | €668,448 | €651,120 | -€17,328 | -2.6% |
| Transfer to tax-exempt reserves | 689 | - | €340,297 | +€340,297 | |
| Profit (loss) for the period to be appropriated | 9905 | €668,448 | €310,823 | -€357,625 | -53.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.