NetB: 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.
NetB
Largest movements
- Cash +€98,232
up €98,232 (+32.3%), from €304,577 to €402,809
mainly Net result for the year (+€159,126) and Other debts (+€52,741)
- Reserves +€97,662
up €97,662 (+42.0%), from €232,715 to €330,377
- Other debts +€52,741
up €52,741 (+640.0%), from €8,241 to €60,982
- Accrued charges and deferred income -€37,857
down €37,857 (-87.2%), from €43,418 to €5,561
- Short-term financial debts -€13,576
down €13,576 (-90.1%), from €15,062 to €1,486
- Tax, wage and social debts +€11,946
up €11,946 (+77.8%), from €15,352 to €27,297
- Gross operating margin +€71,024
up €71,024 (+42.8%), from €165,989 to €237,013
- Taxes +€23,001
up €23,001 (+50.1%), from €45,955 to €68,956
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 | €341,483 | €444,931 | +€103,448 | +30.3% |
| Fixed assets | 21/28 | - | €3,687 | +€3,687 | |
| Tangible fixed assets | 22/27 | - | €3,687 | +€3,687 | |
| Furniture and vehicles | 24 | - | €3,687 | +€3,687 | |
| Current assets | 29/58 | €341,483 | €441,244 | +€99,760 | +29.2% |
| Amounts receivable within one year | 40/41 | €36,628 | €38,135 | +€1,507 | +4.1% |
| Trade receivables | 40 | €32,718 | €20,073 | -€12,645 | -38.6% |
| Other amounts receivable | 41 | €3,909 | €18,061 | +€14,152 | +362.0% |
| Current investments | 50/53 | €33 | €33 | +€0 | +0.5% |
| Cash at bank and in hand | 54/58 | €304,577 | €402,809 | +€98,232 | +32.3% |
| Deferred charges and accrued income | 490/1 | €246 | €267 | +€22 | +8.8% |
| Total equity and liabilities | 10/49 | €341,483 | €444,931 | +€103,448 | +30.3% |
| Equity | 10/15 | €251,315 | €348,977 | +€97,662 | +38.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,715 | €330,377 | +€97,662 | +42.0% |
| Distributable reserves | 133 | €232,715 | €330,377 | +€97,662 | +42.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,168 | €95,954 | +€5,786 | +6.4% |
| Amounts payable within one year | 42/48 | €46,750 | €90,393 | +€43,643 | +93.4% |
| Financial debts | 43 | €15,062 | €1,486 | -€13,576 | -90.1% |
| Credit institutions | 430/8 | €15,062 | €1,486 | -€13,576 | -90.1% |
| Trade debts | 44 | €8,096 | €628 | -€7,468 | -92.2% |
| Suppliers | 440/4 | €8,096 | €628 | -€7,468 | -92.2% |
| Taxes, remuneration and social security | 45 | €15,352 | €27,297 | +€11,946 | +77.8% |
| Taxes | 450/3 | €15,352 | €27,297 | +€11,946 | +77.8% |
| Other amounts payable | 47/48 | €8,241 | €60,982 | +€52,741 | +640.0% |
| Accrued charges and deferred income | 492/3 | €43,418 | €5,561 | -€37,857 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €165 | +€165 | |
| Other operating charges | 640/8 | €1,140 | €1,223 | +€83 | +7.3% |
| Gross operating margin | 9900 | €165,989 | €237,013 | +€71,024 | +42.8% |
| Operating profit (loss) | 9901 | €164,850 | €235,626 | +€70,776 | +42.9% |
| Financial income | 75/76B | €602 | €74 | -€528 | -87.7% |
| Recurring financial income | 75 | €602 | €74 | -€528 | -87.7% |
| Financial charges | 65/66B | €9,666 | €7,618 | -€2,048 | -21.2% |
| Recurring financial charges | 65 | €9,666 | €7,618 | -€2,048 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €155,786 | €228,082 | +€72,296 | +46.4% |
| Income taxes | 67/77 | €45,955 | €68,956 | +€23,001 | +50.1% |
| Profit (loss) for the period | 9904 | €109,831 | €159,126 | +€49,295 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,831 | €159,126 | +€49,295 | +44.9% |
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 11 October 2026 via checked.be.