NEWNET: what changed
Two financial 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.
NEWNET
Largest movements
- Receivables within one year +€114,253
up €114,253 (+77.9%), from €146,747 to €261,000
of which Other amounts receivable: +€90,825
- Intangible fixed assets -€53,187
down €53,187 (-36.9%), from €144,312 to €91,125
- Stocks and contracts +€30,000
new in 2025: €30,000
- Tangible fixed assets -€21,526
down €21,526 (-10.5%), from €205,723 to €184,197
of which Land and buildings: -€19,771
- Advances received +€80,666
new in 2025: €80,666
- Debts after one year -€43,481
down €43,481 (-19.0%), from €228,419 to €184,939
- Profit (loss) carried forward -€43,000
down €43,000 (-63.3%), from €67,907 to €24,907
- Reserves +€41,059
up €41,059 (+79.4%), from €51,735 to €92,793
of which Distributable reserves: +€41,059
- Other debts +€33,306
up €33,306 (+344%), from €9,694 to €43,000
- Gross operating margin -€20,631
down €20,631 (-10.3%), from €199,689 to €179,058
- Staff costs +€20,536
up €20,536 (+130%), from €15,788 to €36,324
- Depreciation -€17,877
down €17,877 (-19.3%), from €92,590 to €74,713
- Taxes -€7,075
down €7,075 (-49.3%), from €14,349 to €7,274
- Financial income -€2,891
down €2,891 (-99.2%), from €2,914 to €23
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.
Derived cash bridge
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 | €497,766 | €566,573 | +€68,807 | +13.8% |
| Fixed assets | 21/28 | €350,236 | €275,523 | -€74,713 | -21.3% |
| Intangible fixed assets | 21 | €144,312 | €91,125 | -€53,187 | -36.9% |
| Tangible fixed assets | 22/27 | €205,723 | €184,197 | -€21,526 | -10.5% |
| Land and buildings | 22 | €186,802 | €167,031 | -€19,771 | -10.6% |
| Plant, machinery and equipment | 23 | €18,292 | €16,919 | -€1,373 | -7.5% |
| Furniture and vehicles | 24 | €629 | €247 | -€382 | -60.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €147,530 | €291,051 | +€143,520 | +97.3% |
| Stocks and contracts in progress | 3 | - | €30,000 | +€30,000 | |
| Contracts in progress | 37 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €146,747 | €261,000 | +€114,253 | +77.9% |
| Trade receivables | 40 | €54,178 | €77,606 | +€23,428 | +43.2% |
| Other amounts receivable | 41 | €92,569 | €183,394 | +€90,825 | +98.1% |
| Current investments | 50/53 | - | €50 | +€50 | |
| Cash at bank and in hand | 54/58 | €124 | - | -€124 | |
| Deferred charges and accrued income | 490/1 | €660 | - | -€660 | |
| Total equity and liabilities | 10/49 | €497,766 | €566,573 | +€68,807 | +13.8% |
| Equity | 10/15 | €125,841 | €123,900 | -€1,941 | -1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,735 | €92,793 | +€41,059 | +79.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,897 | €1,897 | = | 0.0% |
| Distributable reserves | 133 | €47,977 | €89,036 | +€41,059 | +85.6% |
| Profit (loss) carried forward | 14 | €67,907 | €24,907 | -€43,000 | -63.3% |
| Amounts payable | 17/49 | €371,925 | €442,673 | +€70,748 | +19.0% |
| Amounts payable after more than one year | 17 | €228,419 | €184,939 | -€43,481 | -19.0% |
| Financial debts | 170/4 | €228,419 | €184,939 | -€43,481 | -19.0% |
| Amounts payable within one year | 42/48 | €143,505 | €257,735 | +€114,229 | +79.6% |
| Current portion of amounts payable after more than one year | 42 | €44,801 | €45,556 | +€755 | +1.7% |
| Financial debts | 43 | €10,963 | €21,287 | +€10,324 | +94.2% |
| Credit institutions | 430/8 | €10,963 | €21,287 | +€10,324 | +94.2% |
| Trade debts | 44 | €39,490 | €30,096 | -€9,395 | -23.8% |
| Suppliers | 440/4 | €39,490 | €30,096 | -€9,395 | -23.8% |
| Advances received on contracts in progress | 46 | - | €80,666 | +€80,666 | |
| Taxes, remuneration and social security | 45 | €38,557 | €37,130 | -€1,427 | -3.7% |
| Taxes | 450/3 | €37,116 | €36,439 | -€677 | -1.8% |
| Remuneration and social security | 454/9 | €1,441 | €691 | -€750 | -52.0% |
| Other amounts payable | 47/48 | €9,694 | €43,000 | +€33,306 | +344% |
| Remuneration, social security and pensions | 62 | €15,788 | €36,324 | +€20,536 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,590 | €74,713 | -€17,877 | -19.3% |
| Other operating charges | 640/8 | €4,836 | €3,683 | -€1,154 | -23.9% |
| Gross operating margin | 9900 | €199,689 | €179,058 | -€20,631 | -10.3% |
| Operating profit (loss) | 9901 | €86,474 | €64,338 | -€22,136 | -25.6% |
| Financial income | 75/76B | €2,914 | €23 | -€2,891 | -99.2% |
| Recurring financial income | 75 | €2,914 | €23 | -€2,891 | -99.2% |
| Financial charges | 65/66B | €13,525 | €16,028 | +€2,503 | +18.5% |
| Recurring financial charges | 65 | €13,525 | €16,028 | +€2,503 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €75,863 | €48,333 | -€27,530 | -36.3% |
| Transfer from deferred taxes | 780 | €955 | - | -€955 | |
| Income taxes | 67/77 | €14,349 | €7,274 | -€7,075 | -49.3% |
| Profit (loss) for the period | 9904 | €62,469 | €41,059 | -€21,410 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,469 | €41,059 | -€21,410 | -34.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.