EGETRA: what changed
Two fiscal 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.
EGETRA
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+68.9%), from €1.7m to €2.9m
of which Other amounts receivable: +€1.4m
- Cash -€838,956
down €838,956 (-52.7%), from €1.6m to €753,840
mainly Receivables within one year (-€1.2m) and Contributions, distributions and other (-€550,000)
- Stocks and contracts +€398,576
up €398,576 (+14.7%), from €2.7m to €3.1m
- Trade debts +€382,995
up €382,995 (+30.9%), from €1.2m to €1.6m
- Debts after one year +€309,710
up €309,710 (+677.7%), from €45,699 to €355,409
- Tax, wage and social debts -€182,836
down €182,836 (-68.3%), from €267,506 to €84,670
of which Taxes: -€172,157
- Current portion of long-term debt +€113,389
up €113,389 (+609.9%), from €18,590 to €131,979
- Other debts +€106,327
up €106,327 (+23.6%), from €450,000 to €556,327
- Gross operating margin -€391,760
down €391,760 (-23.9%), from €1.6m to €1.2m
- Financial income +€164,826
up €164,826 (+144.9%), from €113,780 to €278,605
- Financial charges +€130,346
up €130,346 (+77.4%), from €168,386 to €298,732
- Taxes -€87,513
down €87,513 (-75.5%), from €115,925 to €28,412
- Staff costs -€84,304
down €84,304 (-13.2%), from €638,598 to €554,294
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.
Cash bridge derived
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 | €6,141,624 | €6,912,750 | +€771,126 | +12.6% |
| Fixed assets | 21/28 | €123,705 | €149,236 | +€25,531 | +20.6% |
| Intangible fixed assets | 21 | - | €10,150 | +€10,150 | |
| Tangible fixed assets | 22/27 | €123,651 | €139,031 | +€15,381 | +12.4% |
| Plant, machinery and equipment | 23 | €402 | €0 | -€402 | -100.0% |
| Furniture and vehicles | 24 | €86,493 | €70,323 | -€16,170 | -18.7% |
| Other tangible fixed assets | 26 | €36,756 | €68,708 | +€31,953 | +86.9% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €6,017,919 | €6,763,514 | +€745,595 | +12.4% |
| Stocks and contracts in progress | 3 | €2,715,466 | €3,114,041 | +€398,576 | +14.7% |
| Stocks | 30/36 | €2,715,466 | €3,114,041 | +€398,576 | +14.7% |
| Amounts receivable within one year | 40/41 | €1,695,055 | €2,862,749 | +€1.2m | +68.9% |
| Trade receivables | 40 | €1,464,558 | €1,220,565 | -€243,994 | -16.7% |
| Other amounts receivable | 41 | €230,497 | €1,642,184 | +€1.4m | +612.5% |
| Cash at bank and in hand | 54/58 | €1,592,796 | €753,840 | -€838,956 | -52.7% |
| Deferred charges and accrued income | 490/1 | €14,603 | €32,884 | +€18,281 | +125.2% |
| Total equity and liabilities | 10/49 | €6,141,624 | €6,912,750 | +€771,126 | +12.6% |
| Equity | 10/15 | €4,071,519 | €4,137,439 | +€65,921 | +1.6% |
| Contributions | 10/11 | €322,500 | €322,500 | = | 0.0% |
| Capital | 10 | €322,500 | €322,500 | = | 0.0% |
| Issued capital | 100 | €322,500 | €322,500 | = | 0.0% |
| Reserves | 13 | €126,405 | €126,405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €123,000 | €123,000 | = | 0.0% |
| Legal reserve | 130 | €123,000 | €123,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,405 | €3,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,622,614 | €3,688,534 | +€65,921 | +1.8% |
| Amounts payable | 17/49 | €2,070,106 | €2,775,311 | +€705,205 | +34.1% |
| Amounts payable after more than one year | 17 | €45,699 | €355,409 | +€309,710 | +677.7% |
| Financial debts | 170/4 | €45,699 | €355,409 | +€309,710 | +677.7% |
| Amounts payable within one year | 42/48 | €1,976,633 | €2,396,508 | +€419,875 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €18,590 | €131,979 | +€113,389 | +609.9% |
| Trade debts | 44 | €1,240,536 | €1,623,531 | +€382,995 | +30.9% |
| Suppliers | 440/4 | €1,240,536 | €1,623,531 | +€382,995 | +30.9% |
| Taxes, remuneration and social security | 45 | €267,506 | €84,670 | -€182,836 | -68.3% |
| Taxes | 450/3 | €202,126 | €29,969 | -€172,157 | -85.2% |
| Remuneration and social security | 454/9 | €65,380 | €54,701 | -€10,679 | -16.3% |
| Other amounts payable | 47/48 | €450,000 | €556,327 | +€106,327 | +23.6% |
| Accrued charges and deferred income | 492/3 | €47,773 | €23,394 | -€24,379 | -51.0% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €638,598 | €554,294 | -€84,304 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,466 | €25,644 | -€10,822 | -29.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€23,702 | €0 | +€23,702 | |
| Other operating charges | 640/8 | €27,682 | €4,932 | -€22,750 | -82.2% |
| Gross operating margin | 9900 | €1,641,087 | €1,249,328 | -€391,760 | -23.9% |
| Operating profit (loss) | 9901 | €962,043 | €664,459 | -€297,585 | -30.9% |
| Financial income | 75/76B | €113,780 | €278,605 | +€164,826 | +144.9% |
| Recurring financial income | 75 | €113,780 | €278,605 | +€164,826 | +144.9% |
| Financial charges | 65/66B | €168,386 | €298,732 | +€130,346 | +77.4% |
| Recurring financial charges | 65 | €168,386 | €298,732 | +€130,346 | +77.4% |
| Profit (loss) for the period before taxes | 9903 | €907,437 | €644,332 | -€263,105 | -29.0% |
| Income taxes | 67/77 | €115,925 | €28,412 | -€87,513 | -75.5% |
| Profit (loss) for the period | 9904 | €791,513 | €615,921 | -€175,592 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €791,513 | €615,921 | -€175,592 | -22.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.