the network factory: 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.
the network factory
Largest movements
- Cash -€15,314
down €15,314 (-60.0%), from €25,514 to €10,200
mainly Receivables within one year (-€9,774) and Other debts (-€5,000)
- Receivables within one year +€9,774
up €9,774 (+23.7%), from €41,220 to €50,994
of which Other amounts receivable: +€4,979
- Stocks and contracts -€3,703
down €3,703 (-7.6%), from €48,925 to €45,223
- Tangible fixed assets +€3,029
up €3,029 (+212%), from €1,430 to €4,459
- Other debts -€5,000
down €5,000 (-20.0%), from €25,000 to €20,000
- Reserves -€4,119
down €4,119 (-8.7%), from €47,326 to €43,207
of which Distributable reserves: -€4,119
- Trade debts +€3,267
up €3,267 (+8.5%), from €38,432 to €41,699
- Tax, wage and social debts -€2,955
down €2,955 (-100.0%), from €2,956 to €1
of which Taxes: -€2,723
- Short-term financial debts +€1,653
up €1,653 (+729%), from €227 to €1,880
- Purchases and services +€330,700
new in 2025: €330,700
- Turnover +€314,824
new in 2025: €314,824
- Gross operating margin -€72,797
down €72,797, from €59,338 to -€13,459
- Write-downs -€28,000
down €28,000, from €14,000 to -€14,000
- Staff costs -€18,576
down €18,576 (-97.1%), from €19,137 to €561
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 | €120,848 | €114,865 | -€5,984 | -5.0% |
| Fixed assets | 21/28 | €4,280 | €7,309 | +€3,029 | +70.8% |
| Tangible fixed assets | 22/27 | €1,430 | €4,459 | +€3,029 | +212% |
| Furniture and vehicles | 24 | €1,430 | €4,459 | +€3,029 | +212% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €116,569 | €107,556 | -€9,013 | -7.7% |
| Stocks and contracts in progress | 3 | €48,925 | €45,223 | -€3,703 | -7.6% |
| Stocks | 30/36 | €48,925 | €45,223 | -€3,703 | -7.6% |
| Amounts receivable within one year | 40/41 | €41,220 | €50,994 | +€9,774 | +23.7% |
| Trade receivables | 40 | €29,928 | €34,722 | +€4,795 | +16.0% |
| Other amounts receivable | 41 | €11,292 | €16,272 | +€4,979 | +44.1% |
| Cash at bank and in hand | 54/58 | €25,514 | €10,200 | -€15,314 | -60.0% |
| Deferred charges and accrued income | 490/1 | €909 | €1,139 | +€230 | +25.4% |
| Total equity and liabilities | 10/49 | €120,848 | €114,865 | -€5,984 | -5.0% |
| Equity | 10/15 | €53,526 | €49,407 | -€4,119 | -7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,326 | €43,207 | -€4,119 | -8.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €33,326 | €29,207 | -€4,119 | -12.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €67,322 | €65,458 | -€1,864 | -2.8% |
| Amounts payable within one year | 42/48 | €66,615 | €63,579 | -€3,036 | -4.6% |
| Financial debts | 43 | €227 | €1,880 | +€1,653 | +729% |
| Credit institutions | 430/8 | €227 | €1,880 | +€1,653 | +729% |
| Trade debts | 44 | €38,432 | €41,699 | +€3,267 | +8.5% |
| Suppliers | 440/4 | €38,432 | €41,699 | +€3,267 | +8.5% |
| Taxes, remuneration and social security | 45 | €2,956 | €1 | -€2,955 | -100.0% |
| Taxes | 450/3 | €2,723 | €1 | -€2,723 | -100.0% |
| Remuneration and social security | 454/9 | €232 | €0 | -€232 | -100% |
| Other amounts payable | 47/48 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €707 | €1,879 | +€1,172 | +166% |
| Turnover | 70 | - | €314,824 | +€314,824 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €330,700 | +€330,700 | |
| Remuneration, social security and pensions | 62 | €19,137 | €561 | -€18,576 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,454 | €1,892 | -€562 | -22.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,000 | -€14,000 | -€28,000 | |
| Other operating charges | 640/8 | €893 | €403 | -€490 | -54.9% |
| Gross operating margin | 9900 | €59,338 | -€13,459 | -€72,797 | |
| Operating profit (loss) | 9901 | €22,854 | -€2,315 | -€25,169 | |
| Financial income | 75/76B | €139 | €82 | -€56 | -40.5% |
| Recurring financial income | 75 | €139 | €82 | -€56 | -40.5% |
| Financial charges | 65/66B | €2,995 | €1,887 | -€1,108 | -37.0% |
| Recurring financial charges | 65 | €2,995 | €1,887 | -€1,108 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €19,998 | -€4,119 | -€24,117 | |
| Income taxes | 67/77 | €2,723 | €0 | -€2,723 | -100% |
| Profit (loss) for the period | 9904 | €17,274 | -€4,119 | -€21,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,274 | -€4,119 | -€21,394 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.