EGETEX: 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.
EGETEX
Largest movements
- Stocks and contracts -€133,267
down €133,267 (-62.0%), from €214,804 to €81,537
- Cash -€19,434
down €19,434 (-26.0%), from €74,708 to €55,275
mainly Trade debts (-€152,310) and Tax, wage and social debts (-€9,592)
- Tangible fixed assets -€7,624
down €7,624 (-29.7%), from €25,703 to €18,079
of which Plant, machinery and equipment: -€5,628
- Receivables within one year -€5,990
down €5,990 (-6.6%), from €91,409 to €85,419
- Trade debts -€152,310
down €152,310 (-50.6%), from €300,917 to €148,607
- Tax, wage and social debts -€9,592
down €9,592 (-35.1%), from €27,365 to €17,773
of which Taxes: -€8,627
- Gross operating margin -€23,400
down €23,400 (-22.2%), from €105,562 to €82,162
- Financial income -€13,889
down €13,889 (-98.5%), from €14,107 to €218
of which Non-recurring financial income: -€13,396
- Financial charges -€12,070
down €12,070 (-80.2%), from €15,051 to €2,981
of which Non-recurring financial charges: -€11,232
- Staff costs -€9,439
down €9,439 (-16.4%), from €57,544 to €48,105
- Taxes -€8,092
down €8,092 (-51.7%), from €15,654 to €7,562
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 | €411,445 | €245,801 | -€165,644 | -40.3% |
| Fixed assets | 21/28 | €27,576 | €18,329 | -€9,247 | -33.5% |
| Tangible fixed assets | 22/27 | €25,703 | €18,079 | -€7,624 | -29.7% |
| Land and buildings | 22 | €3,867 | €2,592 | -€1,275 | -33.0% |
| Plant, machinery and equipment | 23 | €21,116 | €15,488 | -€5,628 | -26.7% |
| Furniture and vehicles | 24 | €720 | - | -€720 | |
| Financial fixed assets | 28 | €1,873 | €250 | -€1,623 | -86.7% |
| Current assets | 29/58 | €383,869 | €227,471 | -€156,397 | -40.7% |
| Stocks and contracts in progress | 3 | €214,804 | €81,537 | -€133,267 | -62.0% |
| Stocks | 30/36 | €214,804 | €81,537 | -€133,267 | -62.0% |
| Amounts receivable within one year | 40/41 | €91,409 | €85,419 | -€5,990 | -6.6% |
| Trade receivables | 40 | €91,409 | €85,419 | -€5,990 | -6.6% |
| Cash at bank and in hand | 54/58 | €74,708 | €55,275 | -€19,434 | -26.0% |
| Deferred charges and accrued income | 490/1 | €2,947 | €5,241 | +€2,294 | +77.8% |
| Total equity and liabilities | 10/49 | €411,445 | €245,801 | -€165,644 | -40.3% |
| Equity | 10/15 | €33,162 | €29,490 | -€3,671 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,177 | €4,177 | = | 0.0% |
| 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 | €2,317 | €2,317 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,385 | €6,714 | -€3,671 | -35.4% |
| Amounts payable | 17/49 | €378,283 | €216,310 | -€161,972 | -42.8% |
| Amounts payable within one year | 42/48 | €378,283 | €216,310 | -€161,972 | -42.8% |
| Trade debts | 44 | €300,917 | €148,607 | -€152,310 | -50.6% |
| Suppliers | 440/4 | €300,917 | €148,607 | -€152,310 | -50.6% |
| Taxes, remuneration and social security | 45 | €27,365 | €17,773 | -€9,592 | -35.1% |
| Taxes | 450/3 | €26,275 | €17,648 | -€8,627 | -32.8% |
| Remuneration and social security | 454/9 | €1,090 | €125 | -€966 | -88.6% |
| Other amounts payable | 47/48 | €50,000 | €49,930 | -€70 | -0.1% |
| Remuneration, social security and pensions | 62 | €57,544 | €48,105 | -€9,439 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,594 | €7,624 | -€970 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,766 | €4,770 | -€1,996 | -29.5% |
| Other operating charges | 640/8 | €2,492 | €4,555 | +€2,063 | +82.8% |
| Non-recurring operating charges | 66A | - | €5,925 | +€5,925 | |
| Gross operating margin | 9900 | €105,562 | €82,162 | -€23,400 | -22.2% |
| Operating profit (loss) | 9901 | €30,166 | €11,183 | -€18,983 | -62.9% |
| Financial income | 75/76B | €14,107 | €218 | -€13,889 | -98.5% |
| Recurring financial income | 75 | €712 | €218 | -€494 | -69.3% |
| Non-recurring financial income | 76B | €13,396 | - | -€13,396 | |
| Financial charges | 65/66B | €15,051 | €2,981 | -€12,070 | -80.2% |
| Recurring financial charges | 65 | €3,819 | €2,981 | -€838 | -21.9% |
| Non-recurring financial charges | 66B | €11,232 | - | -€11,232 | |
| Profit (loss) for the period before taxes | 9903 | €29,222 | €8,420 | -€20,802 | -71.2% |
| Income taxes | 67/77 | €15,654 | €7,562 | -€8,092 | -51.7% |
| Profit (loss) for the period | 9904 | €13,568 | €859 | -€12,710 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,568 | €859 | -€12,710 | -93.7% |
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 25 October 2026 via checked.be.