ET-Group: 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.
ET-Group
Largest movements
- Cash -€2,457
down €2,457 (-89.8%), from €2,736 to €279
mainly Net result for the year (-€1,808) and Trade debts (-€963)
- Receivables within one year -€300
down €300 (-15.0%), from €2,000 to €1,700
- Profit (loss) carried forward -€1,808
down €1,808 (-29.1%), from -€6,213 to -€8,021
- Trade debts -€963
no longer reported in 2025 (was €963)
- Gross operating margin +€4,470
up €4,470 (+70.7%), from -€6,318 to -€1,849
- Other operating charges +€120
new in 2025: €120
- Financial income +€111
up €111 (+86.1%), from €129 to €240
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 | €4,750 | €1,979 | -€2,771 | -58.3% |
| Current assets | 29/58 | €4,750 | €1,979 | -€2,771 | -58.3% |
| Amounts receivable within one year | 40/41 | €2,000 | €1,700 | -€300 | -15.0% |
| Other amounts receivable | 41 | €2,000 | €1,700 | -€300 | -15.0% |
| Cash at bank and in hand | 54/58 | €2,736 | €279 | -€2,457 | -89.8% |
| Deferred charges and accrued income | 490/1 | €14 | - | -€14 | |
| Total equity and liabilities | 10/49 | €4,750 | €1,979 | -€2,771 | -58.3% |
| Equity | 10/15 | €3,787 | €1,979 | -€1,808 | -47.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,213 | -€8,021 | -€1,808 | -29.1% |
| Amounts payable | 17/49 | €963 | - | -€963 | |
| Amounts payable within one year | 42/48 | €963 | - | -€963 | |
| Trade debts | 44 | €963 | - | -€963 | |
| Suppliers | 440/4 | €963 | - | -€963 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€6,318 | -€1,849 | +€4,470 | +70.7% |
| Operating profit (loss) | 9901 | -€6,318 | -€1,969 | +€4,350 | +68.8% |
| Financial income | 75/76B | €129 | €240 | +€111 | +86.1% |
| Recurring financial income | 75 | €129 | €240 | +€111 | +86.1% |
| Financial charges | 65/66B | €24 | €79 | +€56 | +234.1% |
| Recurring financial charges | 65 | €24 | €79 | +€56 | +234.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,213 | -€1,808 | +€4,405 | +70.9% |
| Profit (loss) for the period | 9904 | -€6,213 | -€1,808 | +€4,405 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,213 | -€1,808 | +€4,405 | +70.9% |
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 1 October 2026 via checked.be.