E²T: what changed
Two fiscal 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.
E²T
Largest movements
- Cash -€3,565
down €3,565 (-6.2%), from €57,088 to €53,523
mainly Trade debts (-€4,483) and Other debts (-€2,085)
- Trade debts -€4,483
down €4,483 (-14.8%), from €30,316 to €25,834
- Profit (loss) carried forward +€3,679
up €3,679 (+22.9%), from -€16,037 to -€12,357
- Other debts -€2,085
down €2,085 (-3.0%), from €69,942 to €67,856
- Gross operating margin -€4,479
down €4,479 (-50.9%), from €8,794 to €4,315
- Financial income -€1,166
down €1,166 (-54.3%), from €2,146 to €980
- Write-downs -€183
no longer reported in 2025 (was €183)
- Other operating charges +€150
up €150 (+34.1%), from €439 to €589
- Depreciation +€138
up €138 (+31.9%), from €432 to €570
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 | €96,314 | €92,849 | -€3,465 | -3.6% |
| Fixed assets | 21/28 | €805 | €901 | +€96 | +11.9% |
| Tangible fixed assets | 22/27 | €805 | €901 | +€96 | +11.9% |
| Plant, machinery and equipment | 23 | €805 | €901 | +€96 | +11.9% |
| Current assets | 29/58 | €95,509 | €91,948 | -€3,561 | -3.7% |
| Stocks and contracts in progress | 3 | €32,616 | €33,163 | +€547 | +1.7% |
| Stocks | 30/36 | €32,616 | €33,163 | +€547 | +1.7% |
| Amounts receivable within one year | 40/41 | €2,402 | €1,694 | -€707 | -29.5% |
| Trade receivables | 40 | €2,385 | €1,525 | -€860 | -36.0% |
| Other amounts receivable | 41 | €17 | €169 | +€152 | +904.3% |
| Cash at bank and in hand | 54/58 | €57,088 | €53,523 | -€3,565 | -6.2% |
| Deferred charges and accrued income | 490/1 | €3,403 | €3,567 | +€165 | +4.8% |
| Total equity and liabilities | 10/49 | €96,314 | €92,849 | -€3,465 | -3.6% |
| Equity | 10/15 | -€7,971 | -€4,292 | +€3,679 | +46.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,037 | -€12,357 | +€3,679 | +22.9% |
| Amounts payable | 17/49 | €104,285 | €97,141 | -€7,144 | -6.9% |
| Amounts payable within one year | 42/48 | €104,267 | €96,872 | -€7,395 | -7.1% |
| Trade debts | 44 | €30,316 | €25,834 | -€4,483 | -14.8% |
| Suppliers | 440/4 | €30,316 | €25,834 | -€4,483 | -14.8% |
| Taxes, remuneration and social security | 45 | €4,009 | €3,182 | -€827 | -20.6% |
| Taxes | 450/3 | €3,309 | €2,482 | -€827 | -25.0% |
| Remuneration and social security | 454/9 | €700 | €700 | = | 0.0% |
| Other amounts payable | 47/48 | €69,942 | €67,856 | -€2,085 | -3.0% |
| Accrued charges and deferred income | 492/3 | €18 | €270 | +€251 | +1360.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €570 | +€138 | +31.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €183 | - | -€183 | |
| Other operating charges | 640/8 | €439 | €589 | +€150 | +34.1% |
| Gross operating margin | 9900 | €8,794 | €4,315 | -€4,479 | -50.9% |
| Operating profit (loss) | 9901 | €7,739 | €3,156 | -€4,583 | -59.2% |
| Financial income | 75/76B | €2,146 | €980 | -€1,166 | -54.3% |
| Recurring financial income | 75 | €2,146 | €980 | -€1,166 | -54.3% |
| Financial charges | 65/66B | €193 | €280 | +€87 | +45.3% |
| Recurring financial charges | 65 | €193 | €280 | +€87 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €9,693 | €3,856 | -€5,837 | -60.2% |
| Income taxes | 67/77 | €171 | €177 | +€6 | +3.3% |
| Profit (loss) for the period | 9904 | €9,521 | €3,679 | -€5,842 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,521 | €3,679 | -€5,842 | -61.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.