E.T.-WORKS: 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.
E.T.-WORKS
Largest movements
- Cash +€12,242
up €12,242 (+56.5%), from €21,675 to €33,916
mainly Net result for the year (+€15,817) and Tax, wage and social debts (+€3,901)
- Receivables after one year +€8,500
new in 2024: €8,500
- Reserves +€15,817
up €15,817 (+48.4%), from €32,670 to €48,487
- Tax, wage and social debts +€3,901
up €3,901 (+68.6%), from €5,686 to €9,587
- Trade debts +€740
up €740 (+1,796%), from €41 to €781
- Gross operating margin -€26,211
down €26,211 (-51.1%), from €51,328 to €25,116
- Taxes -€9,642
down €9,642 (-59.9%), from €16,109 to €6,466
- Depreciation +€957
up €957 (+191%), from €502 to €1,459
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,560 | €59,032 | +€20,473 | +53.1% |
| Fixed assets | 21/28 | €5,546 | €5,850 | +€304 | +5.5% |
| Tangible fixed assets | 22/27 | €5,546 | €5,850 | +€304 | +5.5% |
| Land and buildings | 22 | €1,570 | €1,190 | -€380 | -24.2% |
| Plant, machinery and equipment | 23 | €3,975 | €4,660 | +€685 | +17.2% |
| Current assets | 29/58 | €33,014 | €53,182 | +€20,168 | +61.1% |
| Amounts receivable after more than one year | 29 | - | €8,500 | +€8,500 | |
| Other amounts receivable | 291 | - | €8,500 | +€8,500 | |
| Amounts receivable within one year | 40/41 | €10,454 | €9,883 | -€571 | -5.5% |
| Trade receivables | 40 | €10,454 | €6,549 | -€3,906 | -37.4% |
| Other amounts receivable | 41 | - | €3,334 | +€3,334 | |
| Cash at bank and in hand | 54/58 | €21,675 | €33,916 | +€12,242 | +56.5% |
| Deferred charges and accrued income | 490/1 | €884 | €882 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €38,560 | €59,032 | +€20,473 | +53.1% |
| Equity | 10/15 | €32,770 | €48,587 | +€15,817 | +48.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €32,670 | €48,487 | +€15,817 | +48.4% |
| Distributable reserves | 133 | €32,670 | €48,487 | +€15,817 | +48.4% |
| Amounts payable | 17/49 | €5,790 | €10,445 | +€4,656 | +80.4% |
| Amounts payable within one year | 42/48 | €5,790 | €10,392 | +€4,603 | +79.5% |
| Trade debts | 44 | €41 | €781 | +€740 | +1,796% |
| Suppliers | 440/4 | €41 | €781 | +€740 | +1,796% |
| Taxes, remuneration and social security | 45 | €5,686 | €9,587 | +€3,901 | +68.6% |
| Taxes | 450/3 | €5,686 | €9,587 | +€3,901 | +68.6% |
| Other amounts payable | 47/48 | €62 | €24 | -€39 | -61.9% |
| Accrued charges and deferred income | 492/3 | - | €53 | +€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €502 | €1,459 | +€957 | +191% |
| Other operating charges | 640/8 | €188 | - | -€188 | |
| Gross operating margin | 9900 | €51,328 | €25,116 | -€26,211 | -51.1% |
| Operating profit (loss) | 9901 | €50,638 | €23,657 | -€26,981 | -53.3% |
| Financial income | 75/76B | €0 | €16 | +€16 | +54,833% |
| Recurring financial income | 75 | €0 | €16 | +€16 | +54,833% |
| Financial charges | 65/66B | €1,860 | €1,390 | -€469 | -25.2% |
| Recurring financial charges | 65 | €1,860 | €1,390 | -€469 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €48,779 | €22,283 | -€26,495 | -54.3% |
| Income taxes | 67/77 | €16,109 | €6,466 | -€9,642 | -59.9% |
| Profit (loss) for the period | 9904 | €32,670 | €15,817 | -€16,853 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,670 | €15,817 | -€16,853 | -51.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.