EITHICS: 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.
EITHICS
Largest movements
- Receivables within one year +€23,469
up €23,469 (+106.6%), from €22,016 to €45,484
of which Trade receivables: +€20,073
- Receivables after one year +€22,500
up €22,500 (+160.7%), from €14,000 to €36,500
- Cash +€5,797
up €5,797 (+13.3%), from €43,445 to €49,242
mainly Other debts (+€114,531) and Net result for the year (+€44,644)
- Other debts +€114,531
up €114,531 (+12496.9%), from €916 to €115,448
- Profit (loss) carried forward -€70,459
no longer reported in 2025 (was €70,459)
- Trade debts +€12,284
up €12,284 (+170.5%), from €7,205 to €19,489
- Tax, wage and social debts -€4,477
down €4,477 (-36.3%), from €12,326 to €7,849
- Gross operating margin -€2,513
down €2,513 (-4.0%), from €62,314 to €59,801
- Taxes -€834
down €834 (-6.7%), from €12,438 to €11,604
- Financial charges +€741
up €741 (+56.2%), from €1,318 to €2,059
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 | €92,906 | €144,786 | +€51,880 | +55.8% |
| Fixed assets | 21/28 | €7,945 | €7,651 | -€293 | -3.7% |
| Tangible fixed assets | 22/27 | €7,582 | €7,288 | -€293 | -3.9% |
| Furniture and vehicles | 24 | €1,938 | €2,279 | +€341 | +17.6% |
| Other tangible fixed assets | 26 | €5,644 | €5,010 | -€634 | -11.2% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €84,961 | €137,135 | +€52,174 | +61.4% |
| Amounts receivable after more than one year | 29 | €14,000 | €36,500 | +€22,500 | +160.7% |
| Other amounts receivable | 291 | €14,000 | €36,500 | +€22,500 | +160.7% |
| Stocks and contracts in progress | 3 | €4,136 | €4,136 | = | 0.0% |
| Stocks | 30/36 | €4,136 | €4,136 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,016 | €45,484 | +€23,469 | +106.6% |
| Trade receivables | 40 | €22,016 | €42,088 | +€20,073 | +91.2% |
| Other amounts receivable | 41 | - | €3,396 | +€3,396 | |
| Cash at bank and in hand | 54/58 | €43,445 | €49,242 | +€5,797 | +13.3% |
| Deferred charges and accrued income | 490/1 | €1,365 | €1,773 | +€408 | +29.9% |
| Total equity and liabilities | 10/49 | €92,906 | €144,786 | +€51,880 | +55.8% |
| Equity | 10/15 | €72,459 | €2,000 | -€70,459 | -97.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,459 | - | -€70,459 | |
| Amounts payable | 17/49 | €20,448 | €142,786 | +€122,339 | +598.3% |
| Amounts payable within one year | 42/48 | €20,448 | €142,786 | +€122,339 | +598.3% |
| Trade debts | 44 | €7,205 | €19,489 | +€12,284 | +170.5% |
| Suppliers | 440/4 | €7,205 | €19,489 | +€12,284 | +170.5% |
| Taxes, remuneration and social security | 45 | €12,326 | €7,849 | -€4,477 | -36.3% |
| Taxes | 450/3 | €12,326 | €7,849 | -€4,477 | -36.3% |
| Other amounts payable | 47/48 | €916 | €115,448 | +€114,531 | +12496.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,374 | €2,088 | -€285 | -12.0% |
| Other operating charges | 640/8 | €195 | €162 | -€33 | -16.8% |
| Gross operating margin | 9900 | €62,314 | €59,801 | -€2,513 | -4.0% |
| Operating profit (loss) | 9901 | €59,745 | €57,550 | -€2,195 | -3.7% |
| Financial income | 75/76B | €175 | €758 | +€583 | +332.9% |
| Recurring financial income | 75 | €175 | €758 | +€583 | +332.9% |
| Financial charges | 65/66B | €1,318 | €2,059 | +€741 | +56.2% |
| Recurring financial charges | 65 | €1,318 | €2,059 | +€741 | +56.2% |
| Profit (loss) for the period before taxes | 9903 | €58,602 | €56,248 | -€2,354 | -4.0% |
| Income taxes | 67/77 | €12,438 | €11,604 | -€834 | -6.7% |
| Profit (loss) for the period | 9904 | €46,164 | €44,644 | -€1,520 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,164 | €44,644 | -€1,520 | -3.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.