The Network Company: what changed
The Network Company
Largest movements
- Receivables within one year +€18,528
up €18,528 (+72.3%), from €25,638 to €44,166
of which Other amounts receivable: +€9,404
- Cash +€5,829
up €5,829 (+40.4%), from €14,436 to €20,266
mainly Net result for the year (+€17,600) and Tax, wage and social debts (+€8,855)
- Receivables after one year +€4,818
up €4,818 (+108%), from €4,480 to €9,298
of which Other amounts receivable: +€3,298
- Stocks and contracts -€1,984
no longer reported in 2025 (was €1,984)
- Tangible fixed assets +€1,544
up €1,544 (+26.4%), from €5,859 to €7,403
- Reserves +€20,000
up €20,000 (+72.7%), from €27,496 to €47,496
- Tax, wage and social debts +€8,855
up €8,855 (+149%), from €5,957 to €14,811
- Short-term financial debts +€4,720
new in 2025: €4,720
- Profit (loss) carried forward -€2,400
down €2,400 (-29.2%), from €8,209 to €5,809
- Trade debts -€2,130
down €2,130 (-21.3%), from €9,977 to €7,848
- Gross operating margin +€30,023
up €30,023, from -€6,244 to €23,779
- Taxes +€4,614
new in 2025: €4,614
- Depreciation -€2,675
down €2,675 (-50.4%), from €5,310 to €2,636
- Financial charges -€1,677
down €1,677 (-88.5%), from €1,894 to €218
of which Non-recurring financial charges: -€1,675
- Financial income +€240
up €240 (+14.1%), from €1,705 to €1,945
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,639 | €85,948 | +€29,309 | +51.7% |
| Fixed assets | 21/28 | €6,619 | €8,163 | +€1,544 | +23.3% |
| Tangible fixed assets | 22/27 | €5,859 | €7,403 | +€1,544 | +26.4% |
| Plant, machinery and equipment | 23 | €5,859 | €7,403 | +€1,544 | +26.4% |
| Financial fixed assets | 28 | €760 | €760 | = | 0.0% |
| Current assets | 29/58 | €50,020 | €77,785 | +€27,765 | +55.5% |
| Amounts receivable after more than one year | 29 | €4,480 | €9,298 | +€4,818 | +108% |
| Trade receivables | 290 | - | €1,520 | +€1,520 | |
| Other amounts receivable | 291 | €4,480 | €7,778 | +€3,298 | +73.6% |
| Stocks and contracts in progress | 3 | €1,984 | - | -€1,984 | |
| Stocks | 30/36 | €1,984 | - | -€1,984 | |
| Amounts receivable within one year | 40/41 | €25,638 | €44,166 | +€18,528 | +72.3% |
| Trade receivables | 40 | €3,925 | €13,050 | +€9,125 | +232% |
| Other amounts receivable | 41 | €21,713 | €31,117 | +€9,404 | +43.3% |
| Cash at bank and in hand | 54/58 | €14,436 | €20,266 | +€5,829 | +40.4% |
| Deferred charges and accrued income | 490/1 | €3,482 | €4,055 | +€573 | +16.5% |
| Total equity and liabilities | 10/49 | €56,639 | €85,948 | +€29,309 | +51.7% |
| Equity | 10/15 | €40,705 | €58,305 | +€17,600 | +43.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,496 | €47,496 | +€20,000 | +72.7% |
| Distributable reserves | 133 | €27,496 | €47,496 | +€20,000 | +72.7% |
| Profit (loss) carried forward | 14 | €8,209 | €5,809 | -€2,400 | -29.2% |
| Amounts payable | 17/49 | €15,934 | €27,643 | +€11,709 | +73.5% |
| Amounts payable within one year | 42/48 | €15,934 | €27,379 | +€11,446 | +71.8% |
| Financial debts | 43 | - | €4,720 | +€4,720 | |
| Credit institutions | 430/8 | - | €4,720 | +€4,720 | |
| Trade debts | 44 | €9,977 | €7,848 | -€2,130 | -21.3% |
| Suppliers | 440/4 | €9,977 | €7,848 | -€2,130 | -21.3% |
| Taxes, remuneration and social security | 45 | €5,957 | €14,811 | +€8,855 | +149% |
| Taxes | 450/3 | €5,957 | €14,811 | +€8,855 | +149% |
| Accrued charges and deferred income | 492/3 | - | €264 | +€264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,310 | €2,636 | -€2,675 | -50.4% |
| Other operating charges | 640/8 | €728 | €657 | -€71 | -9.7% |
| Gross operating margin | 9900 | -€6,244 | €23,779 | +€30,023 | |
| Operating profit (loss) | 9901 | -€12,282 | €20,487 | +€32,768 | |
| Financial income | 75/76B | €1,705 | €1,945 | +€240 | +14.1% |
| Recurring financial income | 75 | €1,705 | €1,945 | +€240 | +14.1% |
| Financial charges | 65/66B | €1,894 | €218 | -€1,677 | -88.5% |
| Recurring financial charges | 65 | €219 | €218 | -€1 | -0.7% |
| Non-recurring financial charges | 66B | €1,675 | - | -€1,675 | |
| Profit (loss) for the period before taxes | 9903 | -€12,471 | €22,214 | +€34,685 | |
| Income taxes | 67/77 | - | €4,614 | +€4,614 | |
| Profit (loss) for the period | 9904 | -€12,471 | €17,600 | +€30,071 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,471 | €17,600 | +€30,071 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.