ET-TOU: 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.
ET-TOU
Largest movements
- Receivables within one year +€2,321
up €2,321, from €0 to €2,321
of which Trade receivables: +€2,252
- Cash +€1,608
up €1,608 (+32.1%), from €5,011 to €6,619
mainly Tax, wage and social debts (+€6,963) and Trade debts (+€2,029)
- Stocks and contracts -€625
down €625 (-19.9%), from €3,148 to €2,523
- Tax, wage and social debts +€6,963
up €6,963 (+201%), from €3,458 to €10,421
of which Taxes: +€3,654
- Profit (loss) carried forward -€5,688
down €5,688 (-18.2%), from -€31,282 to -€36,969
- Trade debts +€2,029
up €2,029 (+11.6%), from €17,462 to €19,490
- Staff costs +€17,982
up €17,982 (+54.4%), from €33,029 to €51,011
- Gross operating margin +€13,666
up €13,666 (+35.0%), from €38,995 to €52,661
- Taxes +€6,939
new in 2024: €6,939
- Depreciation -€1,800
no longer reported in 2024 (was €1,800)
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 | €8,238 | €11,542 | +€3,304 | +40.1% |
| Fixed assets | 21/28 | €79 | €79 | = | 0.0% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €8,159 | €11,463 | +€3,304 | +40.5% |
| Stocks and contracts in progress | 3 | €3,148 | €2,523 | -€625 | -19.9% |
| Stocks | 30/36 | €3,148 | €2,523 | -€625 | -19.9% |
| Amounts receivable within one year | 40/41 | €0 | €2,321 | +€2,321 | |
| Trade receivables | 40 | €0 | €2,252 | +€2,252 | |
| Other amounts receivable | 41 | - | €69 | +€69 | |
| Cash at bank and in hand | 54/58 | €5,011 | €6,619 | +€1,608 | +32.1% |
| Total equity and liabilities | 10/49 | €8,238 | €11,542 | +€3,304 | +40.1% |
| Equity | 10/15 | -€12,682 | -€18,369 | -€5,688 | -44.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,282 | -€36,969 | -€5,688 | -18.2% |
| Amounts payable | 17/49 | €20,919 | €29,911 | +€8,992 | +43.0% |
| Amounts payable within one year | 42/48 | €20,919 | €29,911 | +€8,992 | +43.0% |
| Trade debts | 44 | €17,462 | €19,490 | +€2,029 | +11.6% |
| Suppliers | 440/4 | €17,462 | €19,490 | +€2,029 | +11.6% |
| Taxes, remuneration and social security | 45 | €3,458 | €10,421 | +€6,963 | +201% |
| Taxes | 450/3 | €947 | €4,602 | +€3,654 | +386% |
| Remuneration and social security | 454/9 | €2,510 | €5,819 | +€3,309 | +132% |
| Remuneration, social security and pensions | 62 | €33,029 | €51,011 | +€17,982 | +54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,800 | - | -€1,800 | |
| Other operating charges | 640/8 | - | €353 | +€353 | |
| Gross operating margin | 9900 | €38,995 | €52,661 | +€13,666 | +35.0% |
| Operating profit (loss) | 9901 | €4,166 | €1,296 | -€2,869 | -68.9% |
| Financial charges | 65/66B | €34 | €45 | +€11 | +33.3% |
| Recurring financial charges | 65 | €34 | €45 | +€11 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €4,132 | €1,251 | -€2,881 | -69.7% |
| Income taxes | 67/77 | - | €6,939 | +€6,939 | |
| Profit (loss) for the period | 9904 | €4,132 | -€5,688 | -€9,820 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,132 | -€5,688 | -€9,820 |
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 21 October 2026 via checked.be.