E.T.Y.G.: 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.Y.G.
Largest movements
- Cash +€49,522
up €49,522 (+3,915%), from €1,265 to €50,787
mainly Net result for the year (+€58,399) and Investment in fixed assets (net) (+€19,739)
- Tangible fixed assets -€20,969
down €20,969 (-10.5%), from €199,693 to €178,724
of which Furniture and vehicles: -€19,739
- Reserves +€45,909
up €45,909 (+27.7%), from €165,837 to €211,746
of which Distributable reserves: +€50,673
- Other debts -€25,604
down €25,604 (-90.0%), from €28,449 to €2,845
- Tax, wage and social debts +€7,311
up €7,311 (+486%), from €1,505 to €8,815
- Depreciation -€17,399
down €17,399 (-93.4%), from €18,629 to €1,230
- Gross operating margin +€8,328
up €8,328 (+11.3%), from €73,850 to €82,178
- Taxes +€5,107
up €5,107 (+29.5%), from €17,296 to €22,403
- Financial charges -€1,738
down €1,738 (-64.4%), from €2,698 to €960
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.
Derived cash bridge
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 | €203,280 | €229,918 | +€26,638 | +13.1% |
| Fixed assets | 21/28 | €199,693 | €178,724 | -€20,969 | -10.5% |
| Tangible fixed assets | 22/27 | €199,693 | €178,724 | -€20,969 | -10.5% |
| Land and buildings | 22 | €179,954 | €178,724 | -€1,230 | -0.7% |
| Furniture and vehicles | 24 | €19,739 | - | -€19,739 | |
| Current assets | 29/58 | €3,587 | €51,194 | +€47,607 | +1,327% |
| Amounts receivable within one year | 40/41 | €1,755 | €321 | -€1,434 | -81.7% |
| Trade receivables | 40 | €350 | €321 | -€29 | -8.4% |
| Other amounts receivable | 41 | €1,404 | - | -€1,404 | |
| Cash at bank and in hand | 54/58 | €1,265 | €50,787 | +€49,522 | +3,915% |
| Deferred charges and accrued income | 490/1 | €567 | €86 | -€481 | -84.8% |
| Total equity and liabilities | 10/49 | €203,280 | €229,918 | +€26,638 | +13.1% |
| Equity | 10/15 | €166,837 | €212,746 | +€45,909 | +27.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €165,837 | €211,746 | +€45,909 | +27.7% |
| Tax-exempt reserves | 132 | €4,764 | - | -€4,764 | |
| Distributable reserves | 133 | €161,074 | €211,746 | +€50,673 | +31.5% |
| Provisions and deferred taxes | 16 | €1,588 | - | -€1,588 | |
| Deferred taxes | 168 | €1,588 | - | -€1,588 | |
| Amounts payable | 17/49 | €34,854 | €17,172 | -€17,683 | -50.7% |
| Amounts payable within one year | 42/48 | €29,966 | €12,168 | -€17,798 | -59.4% |
| Trade debts | 44 | €13 | €508 | +€496 | +3,885% |
| Suppliers | 440/4 | €13 | €508 | +€496 | +3,885% |
| Taxes, remuneration and social security | 45 | €1,505 | €8,815 | +€7,311 | +486% |
| Taxes | 450/3 | €1,505 | €8,815 | +€7,311 | +486% |
| Other amounts payable | 47/48 | €28,449 | €2,845 | -€25,604 | -90.0% |
| Accrued charges and deferred income | 492/3 | €4,888 | €5,003 | +€116 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,629 | €1,230 | -€17,399 | -93.4% |
| Other operating charges | 640/8 | €785 | €774 | -€11 | -1.4% |
| Gross operating margin | 9900 | €73,850 | €82,178 | +€8,328 | +11.3% |
| Operating profit (loss) | 9901 | €54,436 | €80,174 | +€25,738 | +47.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.9% |
| Financial charges | 65/66B | €2,698 | €960 | -€1,738 | -64.4% |
| Recurring financial charges | 65 | €2,698 | €960 | -€1,738 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €51,739 | €79,214 | +€27,475 | +53.1% |
| Transfer from deferred taxes | 780 | €1,400 | €1,588 | +€188 | +13.4% |
| Income taxes | 67/77 | €17,296 | €22,403 | +€5,107 | +29.5% |
| Profit (loss) for the period | 9904 | €35,843 | €58,399 | +€22,556 | +62.9% |
| Transfer from tax-exempt reserves | 789 | €4,200 | €4,764 | +€564 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,043 | €63,163 | +€23,120 | +57.7% |
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 29 October 2026 via checked.be.