NETXPERT: 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.
NETXPERT
Largest movements
- Receivables within one year +€57,450
up €57,450 (+19.8%), from €290,657 to €348,107
of which Trade receivables: +€56,752
- Stocks and contracts +€39,400
up €39,400 (+106.9%), from €36,840 to €76,240
- Cash -€7,543
down €7,543 (-87.0%), from €8,673 to €1,129
mainly Receivables within one year (-€57,450) and Stocks and contracts (-€39,400)
- Tangible fixed assets -€6,542
down €6,542 (-24.9%), from €26,299 to €19,757
of which Furniture and vehicles: -€3,638
- Other debts +€69,452
up €69,452 (+153.9%), from €45,134 to €114,585
- Reserves +€16,437
up €16,437 (+5.0%), from €325,820 to €342,257
of which Distributable reserves: +€16,437
- Gross operating margin +€22,305
up €22,305, from -€1,688 to €20,617
- Financial income +€8,888
up €8,888 (+6025.4%), from €148 to €9,035
- Depreciation +€3,712
up €3,712 (+108.2%), from €3,431 to €7,142
- Financial charges -€2,310
down €2,310 (-40.4%), from €5,723 to €3,413
- Taxes +€1,536
up €1,536 (+749.2%), from €205 to €1,741
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 | €414,443 | €497,569 | +€83,126 | +20.1% |
| Fixed assets | 21/28 | €26,324 | €19,782 | -€6,542 | -24.9% |
| Tangible fixed assets | 22/27 | €26,299 | €19,757 | -€6,542 | -24.9% |
| Land and buildings | 22 | €1,833 | €1,833 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,857 | €953 | -€2,904 | -75.3% |
| Furniture and vehicles | 24 | €20,609 | €16,971 | -€3,638 | -17.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €388,120 | €477,787 | +€89,668 | +23.1% |
| Stocks and contracts in progress | 3 | €36,840 | €76,240 | +€39,400 | +106.9% |
| Stocks | 30/36 | €36,840 | €76,240 | +€39,400 | +106.9% |
| Amounts receivable within one year | 40/41 | €290,657 | €348,107 | +€57,450 | +19.8% |
| Trade receivables | 40 | €280,079 | €336,831 | +€56,752 | +20.3% |
| Other amounts receivable | 41 | €10,578 | €11,276 | +€698 | +6.6% |
| Current investments | 50/53 | €49,950 | €52,311 | +€2,361 | +4.7% |
| Cash at bank and in hand | 54/58 | €8,673 | €1,129 | -€7,543 | -87.0% |
| Deferred charges and accrued income | 490/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Total equity and liabilities | 10/49 | €414,443 | €497,569 | +€83,126 | +20.1% |
| Equity | 10/15 | €344,412 | €360,849 | +€16,437 | +4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €325,820 | €342,257 | +€16,437 | +5.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,852 | €4,852 | = | 0.0% |
| Distributable reserves | 133 | €319,108 | €335,545 | +€16,437 | +5.2% |
| Amounts payable | 17/49 | €70,031 | €136,721 | +€66,690 | +95.2% |
| Amounts payable within one year | 42/48 | €70,031 | €136,721 | +€66,690 | +95.2% |
| Trade debts | 44 | €21,604 | €20,491 | -€1,113 | -5.2% |
| Suppliers | 440/4 | €21,604 | €20,491 | -€1,113 | -5.2% |
| Taxes, remuneration and social security | 45 | €3,293 | €1,644 | -€1,650 | -50.1% |
| Taxes | 450/3 | €2,791 | €1,644 | -€1,148 | -41.1% |
| Remuneration and social security | 454/9 | €502 | €0 | -€502 | -100.0% |
| Other amounts payable | 47/48 | €45,134 | €114,585 | +€69,452 | +153.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,431 | €7,142 | +€3,712 | +108.2% |
| Other operating charges | 640/8 | €516 | €919 | +€403 | +78.2% |
| Gross operating margin | 9900 | -€1,688 | €20,617 | +€22,305 | |
| Operating profit (loss) | 9901 | -€5,634 | €12,555 | +€18,190 | |
| Financial income | 75/76B | €148 | €9,035 | +€8,888 | +6025.4% |
| Recurring financial income | 75 | €148 | €9,035 | +€8,888 | +6025.4% |
| Financial charges | 65/66B | €5,723 | €3,413 | -€2,310 | -40.4% |
| Recurring financial charges | 65 | €5,723 | €3,413 | -€2,310 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,210 | €18,177 | +€29,388 | |
| Income taxes | 67/77 | €205 | €1,741 | +€1,536 | +749.2% |
| Profit (loss) for the period | 9904 | -€11,415 | €16,437 | +€27,852 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,415 | €16,437 | +€27,852 |
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 4 October 2026 via checked.be.