S.J. NETWERK: 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.
S.J. NETWERK
Largest movements
- Tangible fixed assets -€36,949
down €36,949 (-11.1%), from €332,511 to €295,562
of which Land and buildings: -€26,950
- Cash -€6,619
down €6,619 (-31.4%), from €21,091 to €14,472
mainly Debts after one year (-€39,783) and Other debts (-€39,164)
- Reserves +€44,846
up €44,846 (+50.1%), from €89,536 to €134,382
- Debts after one year -€39,783
down €39,783 (-23.2%), from €171,456 to €131,673
- Other debts -€39,164
down €39,164 (-89.9%), from €43,558 to €4,394
- Tax, wage and social debts -€10,885
down €10,885 (-54.1%), from €20,139 to €9,253
- Gross operating margin +€28,727
up €28,727 (+33.1%), from €86,749 to €115,477
- Taxes +€11,791
up €11,791 (+107%), from €11,046 to €22,838
- Financial charges -€6,741
down €6,741 (-44.6%), from €15,117 to €8,375
- Depreciation +€2,612
up €2,612 (+7.4%), from €35,163 to €37,775
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,456 | €331,251 | -€41,204 | -11.1% |
| Fixed assets | 21/28 | €332,511 | €295,562 | -€36,949 | -11.1% |
| Tangible fixed assets | 22/27 | €332,511 | €295,562 | -€36,949 | -11.1% |
| Land and buildings | 22 | €298,320 | €271,370 | -€26,950 | -9.0% |
| Plant, machinery and equipment | 23 | €288 | €873 | +€585 | +203% |
| Furniture and vehicles | 24 | €33,903 | €23,320 | -€10,584 | -31.2% |
| Current assets | 29/58 | €39,945 | €35,689 | -€4,256 | -10.7% |
| Amounts receivable within one year | 40/41 | €17,552 | €20,138 | +€2,586 | +14.7% |
| Trade receivables | 40 | €16,568 | €18,488 | +€1,920 | +11.6% |
| Other amounts receivable | 41 | €984 | €1,650 | +€666 | +67.7% |
| Cash at bank and in hand | 54/58 | €21,091 | €14,472 | -€6,619 | -31.4% |
| Deferred charges and accrued income | 490/1 | €1,302 | €1,079 | -€222 | -17.1% |
| Total equity and liabilities | 10/49 | €372,456 | €331,251 | -€41,204 | -11.1% |
| Equity | 10/15 | €95,736 | €140,582 | +€44,846 | +46.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,536 | €134,382 | +€44,846 | +50.1% |
| Distributable reserves | 133 | €89,536 | €134,382 | +€44,846 | +50.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €276,720 | €190,670 | -€86,050 | -31.1% |
| Amounts payable after more than one year | 17 | €171,456 | €131,673 | -€39,783 | -23.2% |
| Financial debts | 170/4 | €171,456 | €131,673 | -€39,783 | -23.2% |
| Amounts payable within one year | 42/48 | €105,264 | €56,239 | -€49,025 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €39,479 | €39,783 | +€304 | +0.8% |
| Trade debts | 44 | €2,088 | €2,808 | +€720 | +34.5% |
| Suppliers | 440/4 | €2,088 | €2,808 | +€720 | +34.5% |
| Taxes, remuneration and social security | 45 | €20,139 | €9,253 | -€10,885 | -54.1% |
| Taxes | 450/3 | €20,139 | €9,253 | -€10,885 | -54.1% |
| Other amounts payable | 47/48 | €43,558 | €4,394 | -€39,164 | -89.9% |
| Accrued charges and deferred income | 492/3 | - | €2,758 | +€2,758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,163 | €37,775 | +€2,612 | +7.4% |
| Other operating charges | 640/8 | €2,260 | €1,664 | -€596 | -26.4% |
| Gross operating margin | 9900 | €86,749 | €115,477 | +€28,727 | +33.1% |
| Operating profit (loss) | 9901 | €49,326 | €76,038 | +€26,711 | +54.2% |
| Financial income | 75/76B | €15 | €21 | +€6 | +40.3% |
| Recurring financial income | 75 | €15 | €21 | +€6 | +40.3% |
| Financial charges | 65/66B | €15,117 | €8,375 | -€6,741 | -44.6% |
| Recurring financial charges | 65 | €15,117 | €8,375 | -€6,741 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €34,225 | €67,684 | +€33,459 | +97.8% |
| Income taxes | 67/77 | €11,046 | €22,838 | +€11,791 | +107% |
| Profit (loss) for the period | 9904 | €23,179 | €44,846 | +€21,667 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,179 | €44,846 | +€21,667 | +93.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.