Ealtec: 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.
Ealtec
Largest movements
- Receivables within one year +€237,039
up €237,039 (+186%), from €127,343 to €364,382
of which Other amounts receivable: +€185,320
- Cash +€110,191
new in 2025: €110,191
mainly Net result for the year (+€310,956) and Other debts (+€176,116)
- Tangible fixed assets +€58,062
up €58,062 (+115%), from €50,454 to €108,517
- Current investments -€33,475
no longer reported in 2025 (was €33,475)
- Other debts +€176,116
up €176,116 (+142%), from €123,661 to €299,777
- Short-term financial debts +€100,000
up €100,000 (+400%), from €25,000 to €125,000
- Tax, wage and social debts +€56,582
up €56,582 (+259%), from €21,833 to €78,415
of which Taxes: +€48,659
- Debts after one year +€29,249
up €29,249 (+10.0%), from €292,092 to €321,341
- Current portion of long-term debt +€16,136
up €16,136 (+30.2%), from €53,428 to €69,565
- Financial income +€199,889
up €199,889 (+73,384%), from €272 to €200,162
- Gross operating margin +€132,623
up €132,623 (+73.2%), from €181,205 to €313,828
- Staff costs +€97,689
up €97,689 (+332%), from €29,394 to €127,083
- Financial charges +€7,897
up €7,897 (+90.6%), from €8,719 to €16,616
of which Financial charges: +€6,647
- Taxes +€6,164
up €6,164 (+20.5%), from €30,070 to €36,234
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 | €831,729 | €1,206,398 | +€374,670 | +45.0% |
| Fixed assets | 21/28 | €650,454 | €710,917 | +€60,462 | +9.3% |
| Tangible fixed assets | 22/27 | €50,454 | €108,517 | +€58,062 | +115% |
| Plant, machinery and equipment | 23 | €50,454 | €108,517 | +€58,062 | +115% |
| Financial fixed assets | 28 | €600,000 | €602,400 | +€2,400 | +0.4% |
| Current assets | 29/58 | €181,274 | €495,482 | +€314,207 | +173% |
| Stocks and contracts in progress | 3 | €19,588 | €19,688 | +€100 | +0.5% |
| Stocks | 30/36 | €19,588 | €19,688 | +€100 | +0.5% |
| Amounts receivable within one year | 40/41 | €127,343 | €364,382 | +€237,039 | +186% |
| Trade receivables | 40 | €116,207 | €167,925 | +€51,718 | +44.5% |
| Other amounts receivable | 41 | €11,136 | €196,457 | +€185,320 | +1,664% |
| Current investments | 50/53 | €33,475 | - | -€33,475 | |
| Cash at bank and in hand | 54/58 | - | €110,191 | +€110,191 | |
| Deferred charges and accrued income | 490/1 | €868 | €1,220 | +€352 | +40.5% |
| Total equity and liabilities | 10/49 | €831,729 | €1,206,398 | +€374,670 | +45.0% |
| Equity | 10/15 | €230,068 | €241,024 | +€10,956 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €211,468 | €222,424 | +€10,956 | +5.2% |
| Distributable reserves | 133 | €211,468 | €222,424 | +€10,956 | +5.2% |
| Amounts payable | 17/49 | €601,661 | €965,374 | +€363,714 | +60.5% |
| Amounts payable after more than one year | 17 | €292,092 | €321,341 | +€29,249 | +10.0% |
| Financial debts | 170/4 | €292,092 | €321,341 | +€29,249 | +10.0% |
| Amounts payable within one year | 42/48 | €309,569 | €644,033 | +€334,464 | +108% |
| Current portion of amounts payable after more than one year | 42 | €53,428 | €69,565 | +€16,136 | +30.2% |
| Financial debts | 43 | €25,000 | €125,000 | +€100,000 | +400% |
| Credit institutions | 430/8 | €25,000 | €125,000 | +€100,000 | +400% |
| Trade debts | 44 | €85,647 | €71,276 | -€14,370 | -16.8% |
| Suppliers | 440/4 | €85,647 | €71,276 | -€14,370 | -16.8% |
| Taxes, remuneration and social security | 45 | €21,833 | €78,415 | +€56,582 | +259% |
| Taxes | 450/3 | €10,423 | €59,082 | +€48,659 | +467% |
| Remuneration and social security | 454/9 | €11,410 | €19,333 | +€7,923 | +69.4% |
| Other amounts payable | 47/48 | €123,661 | €299,777 | +€176,116 | +142% |
| Remuneration, social security and pensions | 62 | €29,394 | €127,083 | +€97,689 | +332% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,112 | €21,878 | -€1,235 | -5.3% |
| Other operating charges | 640/8 | €4,781 | €1,223 | -€3,558 | -74.4% |
| Gross operating margin | 9900 | €181,205 | €313,828 | +€132,623 | +73.2% |
| Operating profit (loss) | 9901 | €123,918 | €163,644 | +€39,726 | +32.1% |
| Financial income | 75/76B | €272 | €200,162 | +€199,889 | +73,384% |
| Recurring financial income | 75 | €272 | €200,162 | +€199,889 | +73,384% |
| Financial charges | 65/66B | €8,719 | €16,616 | +€7,897 | +90.6% |
| Recurring financial charges | 65 | €8,719 | €15,366 | +€6,647 | +76.2% |
| Non-recurring financial charges | 66B | - | €1,250 | +€1,250 | |
| Profit (loss) for the period before taxes | 9903 | €115,472 | €347,190 | +€231,719 | +201% |
| Income taxes | 67/77 | €30,070 | €36,234 | +€6,164 | +20.5% |
| Profit (loss) for the period | 9904 | €85,401 | €310,956 | +€225,555 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €85,401 | €310,956 | +€225,555 | +264% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.