ETECBA
Annual accounts 2025
micro format, filed on 09-07-2026, 22 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €270,000 and €510,000.
Balance sheet
balance sheet total €897,151 on 31-12-2025in euro
in euro
Position in the sector
53.4%
Higher than 67% of 19,803 companies in 2025.
5.53
Higher than 86% of 18,977 companies in 2025.
11.3%
Higher than 78% of 19,446 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
897,151 | 793,188 | 540,598 | 673,884 | 459,692 | 462,754 | 409,494 | 371,067 | 420,417 | 259,663 | 262,995 | 321,106 | 276,444 | 403,926 | 346,040 | 313,559 | 327,071 | 178,792 | 177,347 | 169,834 | |
21/28 |
207,569 | 224,169 | 240,769 | 200,120 | 205,986 | 211,852 | 218,369 | 224,885 | 9,736 | 19,471 | 28,173 | 37,563 | 1 | 1 | 538 | 1,366 | 1,427 | 89,416 | 99,935 | 112,523 | |
22/27 |
207,569 | 224,169 | 240,769 | 200,120 | 205,986 | 211,852 | 218,369 | 224,885 | 9,736 | 19,471 | 28,173 | 37,563 | 1 | 1 | 538 | 1,366 | 1,427 | 89,416 | 99,935 | 112,523 | |
22 |
182,523 | 188,389 | 194,255 | 200,120 | 205,986 | 211,852 | 217,718 | 223,584 | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 87,732 | 93,366 | 99,000 | |
24 |
25,046 | 35,780 | 46,514 | - | - | - | 651 | 1,301 | 9,736 | 19,471 | 28,172 | 37,562 | - | - | 537 | 1,365 | 1,426 | 1,684 | 6,569 | 13,523 | |
29/58 |
689,582 | 569,019 | 299,830 | 473,764 | 253,706 | 250,902 | 191,126 | 146,182 | 410,681 | 240,192 | 234,822 | 283,542 | 276,443 | 403,925 | 345,502 | 312,193 | 325,645 | 89,375 | 77,411 | 57,311 | |
29 |
- | - | - | - | - | - | - | - | 40,000 | 40,000 | 140,000 | 140,000 | 140,000 | 350,000 | 260,000 | 260,000 | 260,000 | - | 0 | - | |
290 |
- | - | - | - | - | - | - | - | 40,000 | 40,000 | 140,000 | 140,000 | 140,000 | 350,000 | 260,000 | 260,000 | 260,000 | - | - | - | |
291 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,100 | 1,100 | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,100 | 1,100 | - | |
40/41 |
64,221 | 65,154 | 130,117 | 69,729 | 65,632 | 83,298 | 3,145 | 74,823 | 32,557 | 11,804 | 22 | 34,329 | 11,080 | 22,275 | 51,537 | 5,000 | 41,907 | 46,247 | 16,526 | 39,282 | |
40 |
64,221 | 65,154 | 130,117 | 64,221 | 64,221 | 64,370 | 3,145 | 74,822 | 32,557 | - | - | 21,064 | - | 15,600 | 15,691 | - | 30,692 | 36,247 | 15,642 | 34,094 | |
41 |
- | - | - | 5,508 | 1,412 | 18,929 | - | 1 | - | 11,804 | 22 | 13,265 | 11,080 | 6,675 | 35,846 | 5,000 | 11,215 | 10,000 | 884 | 5,189 | |
54/58 |
624,679 | 503,213 | 168,815 | 403,745 | 187,831 | 167,603 | 187,981 | 71,358 | 338,124 | 188,387 | 94,800 | 109,213 | 125,364 | 31,650 | 33,965 | 47,193 | 23,738 | 42,028 | 59,785 | 18,029 | |
490/1 |
682 | 652 | 898 | 290 | 242 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
897,151 | 793,188 | 540,598 | 673,884 | 459,692 | 462,754 | 409,494 | 371,067 | 420,417 | 259,663 | 262,995 | 321,106 | 276,444 | 403,926 | 346,040 | 313,559 | 327,071 | 178,792 | 177,347 | 169,834 | |
10/15 |
479,526 | 421,136 | 358,647 | 274,988 | 276,825 | 276,592 | 259,801 | 218,146 | 206,405 | 176,900 | 148,562 | 147,962 | 152,756 | 153,250 | 148,140 | 147,092 | 146,332 | 145,576 | 145,762 | 145,425 | |
10/11 |
142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | |
10 |
142,539 | 142,539 | 142,539 | 142,539 | 142,539 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | 142,539 | |
13 |
336,987 | 278,597 | 215,561 | 131,102 | 132,939 | 133,639 | 115,651 | 73,586 | 61,259 | 31,754 | 5,254 | 4,959 | 4,799 | 4,799 | 4,526 | 4,473 | 3,725 | 3,038 | 2,028 | 2,011 | |
130/1 |
14,254 | 14,254 | 14,254 | 12,555 | 11,086 | 10,986 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
14,254 | 14,254 | 14,254 | 12,555 | 11,086 | 10,986 | 9,958 | 7,592 | 6,965 | 5,351 | 5,254 | 4,959 | 4,799 | 4,799 | 4,526 | 4,473 | 3,725 | 3,038 | 2,028 | 2,011 | |
132 |
20,003 | 20,803 | 21,603 | 22,403 | 23,203 | 24,003 | 24,803 | 25,603 | 26,403 | 26,403 | - | - | - | - | - | - | - | - | - | - | |
133 |
302,731 | 243,541 | 179,704 | 96,144 | 98,651 | 98,651 | 80,891 | 40,391 | 27,891 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
- | - | 547 | 1,347 | 1,347 | 414 | 1,611 | 2,021 | 2,607 | 2,607 | 769 | 464 | 5,419 | 5,912 | 1,076 | 80 | 68 | - | 1,195 | 876 | |
16 |
10,300 | 10,712 | 11,124 | 11,536 | 11,948 | 12,360 | 12,772 | 13,184 | 13,596 | 13,596 | - | - | - | - | - | - | - | 6,455 | 6,455 | 6,455 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,455 | 6,455 | 6,455 | |
168 |
10,300 | 10,712 | 11,124 | 11,536 | 11,948 | 12,360 | 12,772 | 13,184 | 13,596 | 13,596 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
407,326 | 361,340 | 170,828 | 387,361 | 170,919 | 173,802 | 136,922 | 139,737 | 200,416 | 69,167 | 114,433 | 173,144 | 123,688 | 250,676 | 197,900 | 166,467 | 180,739 | 26,761 | 25,130 | 17,954 | |
17 |
262,000 | 262,000 | 102,000 | 114,000 | 114,000 | 114,000 | 114,000 | 114,000 | 114,000 | 64,000 | 64,000 | 94,000 | 94,000 | 94,000 | 140,000 | 140,000 | 140,000 | - | - | - | |
178/9 |
262,000 | 262,000 | 102,000 | 114,000 | 114,000 | 114,000 | 114,000 | 114,000 | 114,000 | 64,000 | 64,000 | 94,000 | 94,000 | 94,000 | 140,000 | 140,000 | 140,000 | - | - | - | |
42/48 |
124,723 | 84,637 | 62,672 | 268,721 | 52,279 | 55,119 | 16,082 | 18,897 | 82,576 | 1,327 | 50,433 | 79,144 | 29,688 | 156,676 | 57,900 | 26,467 | 40,739 | 26,761 | 25,130 | 17,954 | |
44 |
350 | 6,180 | 2,714 | 234,508 | 49,044 | 47,726 | 11,093 | 5,235 | 37,225 | 401 | 22,868 | 69,910 | 22,084 | 141,616 | 11,564 | 6,341 | - | 460 | 3,195 | 2,849 | |
440/4 |
350 | 6,180 | 2,714 | 234,508 | 49,044 | 47,726 | 11,093 | 5,235 | 37,225 | 401 | 22,868 | 69,910 | 22,084 | 141,616 | 11,564 | 6,341 | - | 460 | 3,195 | 2,849 | |
45 |
23,631 | 36,719 | 44,393 | 2,830 | - | - | 1,737 | 13,391 | 42,059 | 177 | 11,290 | 1,461 | 3,023 | 6,789 | 37,783 | 4,187 | 12,474 | 6,179 | 6,160 | 5,105 | |
450/3 |
21,277 | 18,871 | 27,163 | 2,830 | - | - | 1,737 | 13,391 | 42,059 | 177 | 11,290 | 1,461 | 3,023 | 6,789 | 37,783 | 4,187 | 12,474 | 6,179 | 6,160 | 5,105 | |
454/9 |
2,354 | 17,849 | 17,230 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
100,742 | 41,737 | 15,564 | 31,384 | 3,235 | 7,394 | 3,253 | 270 | 3,291 | 749 | 16,275 | 7,774 | 4,581 | 8,271 | 8,552 | 15,939 | 28,266 | 20,122 | 15,775 | 10,000 | |
492/3 |
20,603 | 14,703 | 6,156 | 4,640 | 4,640 | 4,683 | 6,840 | 6,840 | 3,840 | 3,840 | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
9900 |
189,204 | 185,002 | 155,106 | 50,569 | 14,453 | 39,033 | 101,847 | 41,869 | 62,734 | 68,160 | 19,292 | 17,645 | 3,879 | 17,772 | -3,902 | 15,417 | 96,484 | 48,603 | 16,103 | 65,635 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 71 | - | - | - | 100 | |
630 |
16,600 | 16,600 | 13,022 | 5,866 | 5,866 | 6,517 | 6,517 | 16,252 | 9,735 | 9,735 | 9,391 | 9,391 | - | 537 | 828 | 1,671 | 1,134 | 13,046 | 12,588 | 12,588 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6,455 | - | - | - | |
640/8 |
2,215 | 1,325 | 1,495 | 1,522 | 3,267 | 1,480 | 429 | 5,197 | 761 | 1,821 | 2,526 | 4,967 | 2,863 | 2,463 | 2,386 | 2,897 | 1,369 | 14,341 | 1,509 | 87 | |
66A |
- | - | - | - | - | - | 30,511 | - | - | - | - | - | - | - | - | - | 87,731 | - | - | 34,098 | |
9901 |
170,389 | 167,077 | 140,589 | 43,182 | 5,320 | 31,037 | 64,390 | 20,420 | 52,237 | 56,604 | 7,375 | 3,287 | 1,015 | 14,772 | -7,116 | 10,778 | 100,436 | 21,216 | 2,007 | 52,861 | |
75/76B |
- | - | 60 | 3 | - | 0 | - | 1 | 26 | - | 20 | 85 | 2,032 | 152 | 15,687 | 15,679 | 9,498 | 69 | 30 | 18 | |
75 |
- | - | 60 | 3 | - | 0 | - | 1 | 26 | - | 20 | 85 | 2,032 | 152 | 15,687 | 15,679 | 9,498 | 69 | 30 | 18 | |
65/66B |
20,678 | 14,802 | 6,277 | 4,714 | 4,730 | 4,794 | 7,415 | 7,520 | 4,091 | 14,471 | 166 | 166 | 5,970 | 6,346 | 7,523 | 7,624 | 6,078 | 570 | 177 | 1,011 | |
65 |
20,678 | 14,802 | 6,277 | 4,714 | 4,730 | 4,794 | 7,415 | 7,520 | 4,091 | 14,471 | 166 | 166 | 5,970 | 6,346 | 7,523 | 7,624 | 6,078 | 570 | 177 | 1,011 | |
9903 |
149,712 | 152,276 | 134,372 | 38,471 | 591 | 26,243 | 56,976 | 12,900 | 48,172 | 42,133 | 7,230 | 3,206 | -2,922 | 8,578 | 1,048 | 18,832 | 16,125 | 20,715 | 1,860 | 17,770 | |
780 |
412 | 412 | 412 | 412 | 412 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
48,590 | 48,866 | 37,825 | 12,830 | 769 | 9,064 | 14,933 | 1,571 | 18,667 | 199 | 1,330 | - | -2,429 | 3,469 | - | 3,872 | 2,369 | 3,400 | 1,523 | 3,830 | |
9904 |
101,534 | 103,822 | 96,959 | 26,053 | 233 | 17,591 | 42,454 | 11,741 | 29,505 | 28,338 | 5,900 | 3,206 | -493 | 5,110 | 1,048 | 14,960 | 13,756 | 17,315 | 336 | 13,940 | |
789 |
800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | 26,403 | - | - | - | - | - | - | - | - | - | - | |
9905 |
102,334 | 104,622 | 97,760 | 26,853 | 1,033 | 18,391 | 43,255 | 12,541 | 29,505 | 1,935 | 5,900 | 3,206 | -493 | 5,110 | 1,048 | 14,960 | 13,756 | 17,315 | 336 | 13,940 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
102,334 | 105,169 | 99,107 | 28,200 | 1,447 | 20,002 | 45,276 | 15,148 | 32,112 | 2,704 | 6,364 | 8,624 | 5,419 | 6,185 | 1,128 | 15,028 | 13,756 | 18,510 | 1,212 | 11,573 | |
14P |
- | 547 | 1,347 | 1,347 | 414 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
43,144 | 40,500 | 12,500 | 27,891 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
102,334 | 104,336 | 97,760 | 26,853 | 100 | 18,788 | 42,865 | 13,127 | 29,505 | 97 | 295 | 160 | - | 273 | 52 | 748 | 688 | 1,010 | 17 | 697 | |
6920 |
- | - | 1,699 | 1,470 | 100 | 1,028 | 2,365 | 627 | 1,615 | 97 | 295 | 160 | - | 273 | 52 | 748 | 688 | 1,010 | 17 | 697 | |
6921 |
102,334 | 104,336 | 96,061 | 25,384 | - | 17,760 | 40,500 | 12,500 | 27,891 | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
43,144 | 41,333 | 13,300 | 27,891 | - | 800 | 800 | - | - | - | 5,300 | 8,000 | - | - | - | 14,200 | 13,000 | 17,500 | - | 10,000 | |
694 |
43,144 | 41,333 | 13,300 | 27,891 | - | 800 | 800 | - | - | - | 5,000 | 8,000 | - | - | - | 14,200 | 13,000 | 17,500 | - | 10,000 | |
695 |
- | - | - | - | - | - | - | - | - | - | 300 | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 15 older financial years (1990-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00279978 | |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00170388 | |
| 31-12-2023 | micro format | 08-10-2024 | 2024-00507787 | |
| 31-12-2022 | micro format | 07-08-2023 | 2023-00320229 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20417899 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61200046 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-64800365 | |
| 31-12-2018 | micro format | 01-07-2019 | 2019-28100371 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56400555 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-51000508 | |
| 31-12-2015 | full format | 22-06-2016 | 2016-20900291 | |
| 31-12-2014 | full format | 18-05-2015 | 2015-12100382 | |
| 31-12-2013 | full format | 05-06-2014 | 2014-15700170 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-53800525 | |
| 31-12-2011 | full format | 29-08-2012 | 2012-49100180 | |
| 31-12-2010 | full format | 31-08-2011 | 2011-52000168 | |
| 31-12-2009 | full format | 31-08-2010 | 2010-50300397 | |
| 31-12-2008 | full format | 28-08-2009 | 2009-68400311 | |
| 31-12-2007 | full format | 27-08-2008 | 2008-64300156 | |
| 31-12-2006 | full format | 24-08-2007 | 2007-60800170 | |
| 31-12-2005 | full format | 31-08-2006 | 2006-76800711 | |
| 31-12-2004 | full format | 06-07-2005 | 2005-43503140 | |
| 31-12-2003 | full format | 14-09-2004 | 2004-64501729 | |
| 31-12-2002 | full format | 14-07-2003 | 2003-44401396 | |
| 31-12-2001 | full format | 29-08-2002 | 2002-51401473 | |
| 31-12-2000 | full format | 04-12-2001 | 2001-73203146 | |
| 31-12-1999 | full format | 08-09-2000 | 2000-55304075 | |
| 31-12-1997 | full format | 28-09-1998 | 1998-49104428 | |
| 31-12-1996 | full format | 19-06-1997 | 1997-17304698 | |
| 31-12-1995 | full format | 31-07-1996 | 1996-38200848 | |
| 31-12-1994 | full format | 23-05-1995 | 1995-09103687 | |
| 31-12-1993 | full format | 07-06-1994 | 1994-12205079 | |
| 31-12-1992 | full format | 08-10-1993 | 1993-39203663 | |
| 31-12-1991 | full format | 02-07-1992 | 1992-18604996 | |
| 31-12-1990 | full format | 27-06-1991 | 1991-13003333 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 186,989 | 183,677 | 153,611 | 49,047 | 11,186 | 37,553 | 70,907 | 36,672 | 61,973 | 66,339 | 16,766 | 12,678 | - | 15,308 | -6,288 | 12,448 | 101,570 | 34,262 | 14,594 | 65,448 | ||
| 118,133 | 120,422 | 109,981 | 31,919 | 6,099 | 24,108 | 48,971 | 27,993 | 39,241 | 38,073 | 15,291 | 12,596 | - | 5,646 | 1,877 | 16,630 | 14,890 | 30,360 | 12,924 | 26,528 | ||
| 0 | 0 | 53,670 | 0 | 0 | 0 | 0 | 231,402 | 0 | 1,035 | 0 | 46,953 | - | 0 | 0 | 1,610 | 875 | 2,527 | 0 | - | ||
| 121,467 | 334,398 | -234,930 | 215,913 | 20,228 | -20,378 | 116,622 | -266,765 | 149,737 | 93,587 | -14,413 | -16,151 | 93,714 | -2,315 | -13,228 | 23,455 | -18,290 | -17,757 | 41,756 | - | ||
| 564,859 | 484,382 | 237,158 | 205,043 | 201,426 | 195,782 | 175,044 | 127,285 | 328,105 | 238,864 | 184,389 | 204,398 | 246,755 | 247,249 | 287,602 | 285,726 | 284,905 | 62,615 | 52,281 | 39,357 | ||
| 53.4% | 53.1% | 66.3% | 40.8% | 60.2% | 59.8% | 63.4% | 58.8% | 49.1% | 68.1% | 56.5% | 46.1% | 55.3% | 37.9% | 42.8% | 46.9% | 44.7% | 81.4% | 82.2% | 85.6% | ||
| 5.53 | 6.72 | 4.78 | 1.76 | 4.85 | 4.55 | 11.88 | 7.74 | 4.97 | - | 4.66 | 3.58 | 9.31 | 2.58 | 5.97 | 11.80 | 7.99 | 3.34 | 3.08 | 3.19 | ||
| 5.53 | 6.72 | 4.78 | 1.76 | 4.85 | 4.55 | 11.88 | 7.74 | 4.97 | - | 4.66 | 3.58 | 9.31 | 2.58 | 5.97 | 11.80 | 7.99 | 3.30 | 3.04 | 3.19 | ||
| 0.85 | 0.86 | 0.48 | 1.41 | 0.62 | 0.63 | 0.53 | 0.64 | 0.97 | 0.39 | 0.77 | 1.17 | 0.81 | 1.64 | 1.34 | 1.13 | 1.24 | 0.18 | 0.17 | 0.12 | ||
| 21.2% | 24.7% | 27.0% | 9.5% | 0.1% | 6.4% | 16.3% | 5.4% | 14.3% | 16.0% | 4.0% | 2.2% | -0.3% | 3.3% | 0.7% | 10.2% | 9.4% | 11.9% | 0.2% | 9.6% | ||
| 11.3% | 13.1% | 17.9% | 3.9% | 0.1% | 3.8% | 10.4% | 3.2% | 7.0% | 10.9% | 2.2% | 1.0% | -0.2% | 1.3% | 0.3% | 4.8% | 4.2% | 9.7% | 0.2% | 8.2% | ||
| 9.04 | 12.41 | 24.47 | 10.40 | 2.37 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €53,670 | - | - |
| €16,600 | €16,600 | €13,022 | €5,866 | €5,866 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ETECBA
The operating result for 2025 is 2% higher than in 2024 and the highest since 2006. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total falls from 45.6% to 45.4%. Equity and debt are higher.