NR-Net: 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.
NR-Net
Largest movements
- Cash -€64,002
down €64,002 (-65.8%), from €97,336 to €33,334
mainly Receivables within one year (-€46,812) and Net result for the year (-€33,842)
- Receivables within one year +€46,812
up €46,812 (+127.9%), from €36,610 to €83,421
of which Trade receivables: +€31,799
- Reserves -€33,842
down €33,842 (-33.5%), from €100,934 to €67,092
- Trade debts +€23,834
up €23,834 (+1276.6%), from €1,867 to €25,701
- Tax, wage and social debts -€7,655
down €7,655 (-24.6%), from €31,067 to €23,411
- Gross operating margin -€147,674
down €147,674, from €117,063 to -€30,611
- Taxes -€23,196
down €23,196 (-99.5%), from €23,304 to €108
- Staff costs -€3,268
down €3,268 (-91.1%), from €3,588 to €320
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 | €136,868 | €119,204 | -€17,663 | -12.9% |
| Fixed assets | 21/28 | €2,407 | €1,410 | -€998 | -41.4% |
| Tangible fixed assets | 22/27 | €2,407 | €1,117 | -€1,290 | -53.6% |
| Plant, machinery and equipment | 23 | €2,407 | €1,117 | -€1,290 | -53.6% |
| Financial fixed assets | 28 | - | €293 | +€293 | |
| Current assets | 29/58 | €134,461 | €117,795 | -€16,666 | -12.4% |
| Amounts receivable within one year | 40/41 | €36,610 | €83,421 | +€46,812 | +127.9% |
| Trade receivables | 40 | €34,674 | €66,473 | +€31,799 | +91.7% |
| Other amounts receivable | 41 | €1,936 | €16,949 | +€15,013 | +775.6% |
| Cash at bank and in hand | 54/58 | €97,336 | €33,334 | -€64,002 | -65.8% |
| Deferred charges and accrued income | 490/1 | €515 | €1,039 | +€524 | +101.8% |
| Total equity and liabilities | 10/49 | €136,868 | €119,204 | -€17,663 | -12.9% |
| Equity | 10/15 | €103,934 | €70,092 | -€33,842 | -32.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €100,934 | €67,092 | -€33,842 | -33.5% |
| Distributable reserves | 133 | €100,934 | €67,092 | -€33,842 | -33.5% |
| Amounts payable | 17/49 | €32,934 | €49,112 | +€16,179 | +49.1% |
| Amounts payable within one year | 42/48 | €32,934 | €49,112 | +€16,179 | +49.1% |
| Trade debts | 44 | €1,867 | €25,701 | +€23,834 | +1276.6% |
| Suppliers | 440/4 | €1,867 | €25,701 | +€23,834 | +1276.6% |
| Taxes, remuneration and social security | 45 | €31,067 | €23,411 | -€7,655 | -24.6% |
| Taxes | 450/3 | €31,067 | €23,411 | -€7,655 | -24.6% |
| Remuneration, social security and pensions | 62 | €3,588 | €320 | -€3,268 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,290 | €1,290 | = | 0.0% |
| Other operating charges | 640/8 | €789 | €1,419 | +€629 | +79.7% |
| Gross operating margin | 9900 | €117,063 | -€30,611 | -€147,674 | |
| Operating profit (loss) | 9901 | €111,396 | -€33,639 | -€145,035 | |
| Financial income | 75/76B | €393 | €1 | -€392 | -99.8% |
| Recurring financial income | 75 | €393 | €1 | -€392 | -99.8% |
| Financial charges | 65/66B | €241 | €96 | -€145 | -60.2% |
| Recurring financial charges | 65 | €241 | €96 | -€145 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €111,547 | -€33,735 | -€145,282 | |
| Income taxes | 67/77 | €23,304 | €108 | -€23,196 | -99.5% |
| Profit (loss) for the period | 9904 | €88,243 | -€33,842 | -€122,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,243 | -€33,842 | -€122,085 |
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 29 September 2026 via checked.be.