E T E Consulting: 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.
E T E Consulting
Largest movements
- Current investments -€49,566
down €49,566 (-13.2%), from €376,019 to €326,454
- Tangible fixed assets +€21,218
up €21,218 (+6.8%), from €310,985 to €332,202
of which Land and buildings: +€38,076
- Receivables within one year -€13,505
down €13,505 (-98.6%), from €13,703 to €198
of which Trade receivables: -€11,455
- Tax, wage and social debts -€35,537
down €35,537 (-54.5%), from €65,178 to €29,641
- Other debts +€13,274
up €13,274 (+10.6%), from €125,581 to €138,854
- Reserves -€10,577
down €10,577 (-1.3%), from €821,204 to €810,627
- Gross operating margin +€57,527
up €57,527 (+33.4%), from €172,161 to €229,688
- Financial income -€25,228
down €25,228 (-69.0%), from €36,553 to €11,325
- Financial charges -€18,178
down €18,178 (-80.9%), from €22,459 to €4,280
- Taxes +€12,971
up €12,971 (+25.9%), from €50,141 to €63,111
- Depreciation +€8,717
up €8,717 (+29.6%), from €29,435 to €38,152
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 | €1,019,823 | €986,753 | -€33,071 | -3.2% |
| Fixed assets | 21/28 | €310,985 | €332,202 | +€21,218 | +6.8% |
| Tangible fixed assets | 22/27 | €310,985 | €332,202 | +€21,218 | +6.8% |
| Land and buildings | 22 | €255,978 | €294,054 | +€38,076 | +14.9% |
| Plant, machinery and equipment | 23 | €6,017 | €7,993 | +€1,976 | +32.8% |
| Furniture and vehicles | 24 | €48,990 | €30,155 | -€18,835 | -38.4% |
| Current assets | 29/58 | €708,839 | €654,550 | -€54,289 | -7.7% |
| Stocks and contracts in progress | 3 | €27,250 | €25,981 | -€1,269 | -4.7% |
| Stocks | 30/36 | €27,250 | €25,981 | -€1,269 | -4.7% |
| Amounts receivable within one year | 40/41 | €13,703 | €198 | -€13,505 | -98.6% |
| Trade receivables | 40 | €11,455 | - | -€11,455 | |
| Other amounts receivable | 41 | €2,248 | €198 | -€2,050 | -91.2% |
| Current investments | 50/53 | €376,019 | €326,454 | -€49,566 | -13.2% |
| Cash at bank and in hand | 54/58 | €273,041 | €281,942 | +€8,901 | +3.3% |
| Deferred charges and accrued income | 490/1 | €18,825 | €19,975 | +€1,150 | +6.1% |
| Total equity and liabilities | 10/49 | €1,019,823 | €986,753 | -€33,071 | -3.2% |
| Equity | 10/15 | €827,410 | €816,833 | -€10,577 | -1.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €821,204 | €810,627 | -€10,577 | -1.3% |
| Distributable reserves | 133 | €821,204 | €810,627 | -€10,577 | -1.3% |
| Amounts payable | 17/49 | €192,414 | €169,920 | -€22,494 | -11.7% |
| Amounts payable within one year | 42/48 | €192,029 | €169,218 | -€22,811 | -11.9% |
| Trade debts | 44 | €1,270 | €722 | -€548 | -43.1% |
| Suppliers | 440/4 | €1,270 | €722 | -€548 | -43.1% |
| Taxes, remuneration and social security | 45 | €65,178 | €29,641 | -€35,537 | -54.5% |
| Taxes | 450/3 | €65,178 | €29,641 | -€35,537 | -54.5% |
| Other amounts payable | 47/48 | €125,581 | €138,854 | +€13,274 | +10.6% |
| Accrued charges and deferred income | 492/3 | €385 | €702 | +€317 | +82.4% |
| Non-recurring operating income | 76A | €457 | - | -€457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,435 | €38,152 | +€8,717 | +29.6% |
| Other operating charges | 640/8 | €3,656 | €4,262 | +€606 | +16.6% |
| Gross operating margin | 9900 | €172,161 | €229,688 | +€57,527 | +33.4% |
| Operating profit (loss) | 9901 | €139,070 | €187,273 | +€48,203 | +34.7% |
| Financial income | 75/76B | €36,553 | €11,325 | -€25,228 | -69.0% |
| Recurring financial income | 75 | €36,553 | €11,325 | -€25,228 | -69.0% |
| Financial charges | 65/66B | €22,459 | €4,280 | -€18,178 | -80.9% |
| Recurring financial charges | 65 | €22,459 | €4,280 | -€18,178 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | €153,164 | €194,318 | +€41,154 | +26.9% |
| Income taxes | 67/77 | €50,141 | €63,111 | +€12,971 | +25.9% |
| Profit (loss) for the period | 9904 | €103,024 | €131,207 | +€28,183 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,024 | €131,207 | +€28,183 | +27.4% |
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 5 October 2026 via checked.be.