ERTEN: 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.
ERTEN
Largest movements
- Stocks and contracts +€51,964
up €51,964 (+102.9%), from €50,492 to €102,456
- Receivables within one year -€6,192
no longer reported in 2024 (was €6,192)
- Trade debts +€48,639
up €48,639 (+78.7%), from €61,764 to €110,403
- Tax, wage and social debts +€5,472
up €5,472 (+94.5%), from €5,790 to €11,262
- Other debts -€4,491
down €4,491 (-30.6%), from €14,660 to €10,169
- Profit (loss) carried forward -€4,017
down €4,017 (-13.6%), from -€29,502 to -€33,519
- Gross operating margin +€10,909
up €10,909, from -€10,771 to €138
- Other operating charges -€2,718
down €2,718 (-72.0%), from €3,773 to €1,055
- Depreciation +€2,061
up €2,061 (+381.7%), from €540 to €2,601
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.
Cash bridge derived
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 | €69,462 | €115,066 | +€45,604 | +65.7% |
| Fixed assets | 21/28 | €10,617 | €11,033 | +€416 | +3.9% |
| Tangible fixed assets | 22/27 | €10,617 | €11,033 | +€416 | +3.9% |
| Furniture and vehicles | 24 | €10,617 | €11,033 | +€416 | +3.9% |
| Current assets | 29/58 | €58,845 | €104,033 | +€45,188 | +76.8% |
| Stocks and contracts in progress | 3 | €50,492 | €102,456 | +€51,964 | +102.9% |
| Stocks | 30/36 | €50,492 | €102,456 | +€51,964 | +102.9% |
| Amounts receivable within one year | 40/41 | €6,192 | - | -€6,192 | |
| Trade receivables | 40 | €6,192 | - | -€6,192 | |
| Cash at bank and in hand | 54/58 | €1,980 | €1,252 | -€728 | -36.7% |
| Deferred charges and accrued income | 490/1 | €181 | €325 | +€144 | +79.6% |
| Total equity and liabilities | 10/49 | €69,462 | €115,066 | +€45,604 | +65.7% |
| Equity | 10/15 | -€29,502 | -€33,519 | -€4,017 | -13.6% |
| Profit (loss) carried forward | 14 | -€29,502 | -€33,519 | -€4,017 | -13.6% |
| Amounts payable | 17/49 | €98,964 | €148,584 | +€49,620 | +50.1% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,964 | €133,584 | +€49,620 | +59.1% |
| Financial debts | 43 | €1,750 | €1,750 | = | 0.0% |
| Other loans | 439 | €1,750 | €1,750 | = | 0.0% |
| Trade debts | 44 | €61,764 | €110,403 | +€48,639 | +78.7% |
| Suppliers | 440/4 | €61,764 | €110,403 | +€48,639 | +78.7% |
| Taxes, remuneration and social security | 45 | €5,790 | €11,262 | +€5,472 | +94.5% |
| Taxes | 450/3 | €5,790 | €11,262 | +€5,472 | +94.5% |
| Other amounts payable | 47/48 | €14,660 | €10,169 | -€4,491 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | €2,601 | +€2,061 | +381.7% |
| Other operating charges | 640/8 | €3,773 | €1,055 | -€2,718 | -72.0% |
| Gross operating margin | 9900 | -€10,771 | €138 | +€10,909 | |
| Operating profit (loss) | 9901 | -€15,084 | -€3,518 | +€11,566 | +76.7% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €581 | €498 | -€83 | -14.2% |
| Recurring financial charges | 65 | €581 | €498 | -€83 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,657 | -€4,017 | +€11,640 | +74.3% |
| Profit (loss) for the period | 9904 | -€15,657 | -€4,017 | +€11,640 | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,657 | -€4,017 | +€11,640 | +74.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.