E - TECH: 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 - TECH
Largest movements
- Tangible fixed assets -€68,370
down €68,370 (-12.2%), from €561,075 to €492,705
of which Plant, machinery and equipment: -€78,708
- Cash +€56,528
up €56,528 (+739%), from €7,646 to €64,174
mainly Investment in fixed assets (net) (+€38,349) and Depreciation (+€30,021)
- Receivables within one year -€27,209
down €27,209 (-100.0%), from €27,218 to €9
of which Other amounts receivable: -€25,422
- Deferred charges and accrued income -€11,585
down €11,585 (-83.6%), from €13,864 to €2,279
- Reserves -€59,236
down €59,236 (-21.6%), from €274,173 to €214,938
of which Distributable reserves: -€59,236
- Profit (loss) carried forward +€37,882
up €37,882 (+97.3%), from -€38,951 to -€1,069
- Debts after one year -€22,759
down €22,759 (-9.0%), from €251,685 to €228,926
- Other debts -€8,694
down €8,694 (-11.8%), from €73,558 to €64,864
- Gross operating margin -€46,012
down €46,012 (-70.7%), from €65,044 to €19,033
- Staff costs -€10,821
no longer reported in 2025 (was €10,821)
- Depreciation -€7,746
down €7,746 (-20.5%), from €37,767 to €30,021
- Other operating charges -€3,070
down €3,070 (-58.6%), from €5,238 to €2,167
- Financial charges -€2,906
down €2,906 (-26.1%), from €11,124 to €8,217
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 | €609,904 | €559,266 | -€50,637 | -8.3% |
| Fixed assets | 21/28 | €561,175 | €492,805 | -€68,370 | -12.2% |
| Tangible fixed assets | 22/27 | €561,075 | €492,705 | -€68,370 | -12.2% |
| Land and buildings | 22 | €458,002 | €452,147 | -€5,855 | -1.3% |
| Plant, machinery and equipment | 23 | €91,221 | €12,513 | -€78,708 | -86.3% |
| Furniture and vehicles | 24 | €9,008 | €25,201 | +€16,193 | +180% |
| Other tangible fixed assets | 26 | €2,844 | €2,844 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €48,728 | €66,462 | +€17,733 | +36.4% |
| Amounts receivable within one year | 40/41 | €27,218 | €9 | -€27,209 | -100.0% |
| Trade receivables | 40 | €1,787 | - | -€1,787 | |
| Other amounts receivable | 41 | €25,431 | €9 | -€25,422 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,646 | €64,174 | +€56,528 | +739% |
| Deferred charges and accrued income | 490/1 | €13,864 | €2,279 | -€11,585 | -83.6% |
| Total equity and liabilities | 10/49 | €609,904 | €559,266 | -€50,637 | -8.3% |
| Equity | 10/15 | €241,427 | €220,074 | -€21,353 | -8.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €274,173 | €214,938 | -€59,236 | -21.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €272,313 | €213,078 | -€59,236 | -21.8% |
| Profit (loss) carried forward | 14 | -€38,951 | -€1,069 | +€37,882 | +97.3% |
| Amounts payable | 17/49 | €368,476 | €339,192 | -€29,284 | -7.9% |
| Amounts payable after more than one year | 17 | €251,685 | €228,926 | -€22,759 | -9.0% |
| Financial debts | 170/4 | €251,685 | €228,926 | -€22,759 | -9.0% |
| Amounts payable within one year | 42/48 | €115,991 | €108,224 | -€7,767 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €22,854 | €22,759 | -€96 | -0.4% |
| Trade debts | 44 | €10,999 | €11,280 | +€280 | +2.5% |
| Suppliers | 440/4 | €10,999 | €11,280 | +€280 | +2.5% |
| Advances received on contracts in progress | 46 | €2,500 | €2,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,080 | €6,822 | +€742 | +12.2% |
| Taxes | 450/3 | €6,080 | €6,822 | +€742 | +12.2% |
| Other amounts payable | 47/48 | €73,558 | €64,864 | -€8,694 | -11.8% |
| Accrued charges and deferred income | 492/3 | €800 | €2,042 | +€1,242 | +155% |
| Remuneration, social security and pensions | 62 | €10,821 | - | -€10,821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,767 | €30,021 | -€7,746 | -20.5% |
| Other operating charges | 640/8 | €5,238 | €2,167 | -€3,070 | -58.6% |
| Gross operating margin | 9900 | €65,044 | €19,033 | -€46,012 | -70.7% |
| Operating profit (loss) | 9901 | €11,218 | -€13,156 | -€24,374 | |
| Financial income | 75/76B | €31 | €20 | -€11 | -36.6% |
| Recurring financial income | 75 | €31 | €20 | -€11 | -36.6% |
| Financial charges | 65/66B | €11,124 | €8,217 | -€2,906 | -26.1% |
| Recurring financial charges | 65 | €11,124 | €8,217 | -€2,906 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €126 | -€21,353 | -€21,479 | |
| Profit (loss) for the period | 9904 | €126 | -€21,353 | -€21,479 | |
| Profit (loss) for the period to be appropriated | 9905 | €126 | -€21,353 | -€21,479 |
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 15 October 2026 via checked.be.