ETA - COM B: what changed
What changed
ETA - COM B
NACE 27.110, Manufacture of electrical equipment
filed annual accounts (NBB)
Net result for the year
€856,233
2025 · €320,591+€535,642
Equity
€4.6m
2025 · €3.7m+€856,233
Cash
€2,955
2025 · €103,013-€100,057
Balance sheet total
€16.1m
2025 · €11.2m+€4.9m
Largest movements
Assets
- Receivables within one year +€3.0m
up €3.0m (+59.6%), from €5.0m to €8.0m
of which Trade receivables: +€3.2m
- Deferred charges and accrued income +€2.0m
up €2.0m (+274%), from €733,533 to €2.7m
Equity and liabilities
- Advances received +€2.9m
up €2.9m (+205%), from €1.4m to €4.3m
- Profit (loss) carried forward +€856,233
up €856,233 (+86.9%), from €985,412 to €1.8m
- Trade debts +€841,661
up €841,661 (+19.4%), from €4.3m to €5.2m
- Short-term financial debts +€379,636
up €379,636 (+308%), from €123,262 to €502,899
Income statement
- Turnover +€2.7m
up €2.7m (+19.5%), from €13.8m to €16.5m
- Goods and materials +€1.6m
up €1.6m (+22.3%), from €7.1m to €8.7m
of which Purchases: +€1.4m
- Services and other goods +€178,345
up €178,345 (+6.0%), from €3.0m to €3.1m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€320,591
Turnover
+€2.7m
Other operating income
+€12,849
Goods and materials
-€1.6m
Services and other goods
-€178,345
Staff costs
-€30,354
Depreciation
+€31,695
Write-downs
-€11,000
Other operating charges
-€197
Other operating items
-€396,623
Financial income
+€42,053
Financial charges
+€28,010
Taxes
-€51,195
Result 2026
€856,233
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€303,113
Investment
-€142,791
Financing
+€345,847
Cash 2025
€103,013
From operations (derived)
-€303,113
Net result for the year
+€856,233
Depreciation
+€284,561
Stocks and contracts
-€114,897
Receivables within one year
-€3.0m
Deferred charges and accrued income
-€2.0m
Trade debts
+€841,661
Tax, wage and social debts
-€116,183
Advances received
+€2.9m
Other debts
+€84,366
Investment (derived)
-€142,791
Investment in fixed assets (net)
-€142,791
Financing
+€345,847
Debts after one year
-€28,017
Current portion of long-term debt
-€5,772
Short-term financial debts
+€379,636
Cash 2026
€2,955
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,248,373 | €16,135,012 | +€4.9m | +43.4% |
| Fixed assets | 21/28 | €811,214 | €669,445 | -€141,769 | -17.5% |
| Intangible fixed assets | 21 | €504,235 | €419,732 | -€84,503 | -16.8% |
| Tangible fixed assets | 22/27 | €304,080 | €246,814 | -€57,266 | -18.8% |
| Plant, machinery and equipment | 23 | €85,633 | €60,891 | -€24,742 | -28.9% |
| Furniture and vehicles | 24 | €48,340 | €50,140 | +€1,800 | +3.7% |
| Leasing and similar rights | 25 | €170,107 | €135,783 | -€34,324 | -20.2% |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,900 | €2,900 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €10,437,158 | €15,465,567 | +€5.0m | +48.2% |
| Stocks and contracts in progress | 3 | €4,562,904 | €4,677,802 | +€114,897 | +2.5% |
| Stocks | 30/36 | €4,562,904 | €4,677,802 | +€114,897 | +2.5% |
| Raw materials and consumables | 30/31 | €2,694,026 | €3,029,094 | +€335,068 | +12.4% |
| Work in progress | 32 | €538,244 | €593,901 | +€55,657 | +10.3% |
| Finished goods | 33 | €1,223,904 | €1,049,173 | -€174,731 | -14.3% |
| Goods purchased for resale | 34 | €106,730 | €5,633 | -€101,096 | -94.7% |
| Amounts receivable within one year | 40/41 | €5,037,709 | €8,041,618 | +€3.0m | +59.6% |
| Trade receivables | 40 | €4,610,451 | €7,833,784 | +€3.2m | +69.9% |
| Other amounts receivable | 41 | €427,257 | €207,834 | -€219,424 | -51.4% |
| Cash at bank and in hand | 54/58 | €103,013 | €2,955 | -€100,057 | -97.1% |
| Deferred charges and accrued income | 490/1 | €733,533 | €2,743,192 | +€2.0m | +274% |
| Total equity and liabilities | 10/49 | €11,248,373 | €16,135,012 | +€4.9m | +43.4% |
| Equity | 10/15 | €3,724,974 | €4,581,207 | +€856,233 | +23.0% |
| Contributions | 10/11 | €2,464,139 | €2,464,139 | = | 0.0% |
| Capital | 10 | €2,464,139 | €2,464,139 | = | 0.0% |
| Issued capital | 100 | €2,464,139 | €2,464,139 | = | 0.0% |
| Reserves | 13 | €275,423 | €275,423 | = | 0.0% |
| Non-distributable reserves | 130/1 | €246,414 | €246,414 | = | 0.0% |
| Legal reserve | 130 | €246,414 | €246,414 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,009 | €29,009 | = | 0.0% |
| Profit (loss) carried forward | 14 | €985,412 | €1,841,644 | +€856,233 | +86.9% |
| Provisions and deferred taxes | 16 | €730,000 | €730,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €730,000 | €730,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €730,000 | €730,000 | = | 0.0% |
| Amounts payable | 17/49 | €6,793,399 | €10,823,806 | +€4.0m | +59.3% |
| Amounts payable after more than one year | 17 | €164,168 | €136,150 | -€28,017 | -17.1% |
| Financial debts | 170/4 | €164,168 | €136,150 | -€28,017 | -17.1% |
| Leasing and similar obligations | 172 | €164,168 | €136,150 | -€28,017 | -17.1% |
| Amounts payable within one year | 42/48 | €6,629,231 | €10,687,655 | +€4.1m | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €8,556 | €2,784 | -€5,772 | -67.5% |
| Financial debts | 43 | €123,262 | €502,899 | +€379,636 | +308% |
| Credit institutions | 430/8 | €123,262 | €502,899 | +€379,636 | +308% |
| Trade debts | 44 | €4,338,008 | €5,179,669 | +€841,661 | +19.4% |
| Suppliers | 440/4 | €4,338,008 | €5,179,669 | +€841,661 | +19.4% |
| Advances received on contracts in progress | 46 | €1,404,989 | €4,279,705 | +€2.9m | +205% |
| Taxes, remuneration and social security | 45 | €754,415 | €638,232 | -€116,183 | -15.4% |
| Taxes | 450/3 | €239,099 | €53,000 | -€186,099 | -77.8% |
| Remuneration and social security | 454/9 | €515,316 | €585,232 | +€69,916 | +13.6% |
| Other amounts payable | 47/48 | - | €84,366 | +€84,366 | |
| Operating income | 70/76A | €14,113,109 | €16,410,221 | +€2.3m | +16.3% |
| Turnover | 70 | €13,782,937 | €16,463,822 | +€2.7m | +19.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €277,548 | -€119,075 | -€396,623 | |
| Other operating income | 74 | €52,625 | €65,473 | +€12,849 | +24.4% |
| Operating charges | 60/66A | €13,664,208 | €15,444,546 | +€1.8m | +13.0% |
| Goods for resale, raw materials and consumables | 60 | €7,145,496 | €8,737,632 | +€1.6m | +22.3% |
| Purchases | 600/8 | €7,616,658 | €8,971,604 | +€1.4m | +17.8% |
| Change in stocks: decrease (increase) | 609 | -€471,162 | -€233,972 | +€237,190 | +50.3% |
| Services and other goods | 61 | €2,962,259 | €3,140,604 | +€178,345 | +6.0% |
| Remuneration, social security and pensions | 62 | €3,227,249 | €3,257,603 | +€30,354 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316,255 | €284,561 | -€31,695 | -10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,000 | - | +€11,000 | |
| Other operating charges | 640/8 | €23,949 | €24,146 | +€197 | +0.8% |
| Operating profit (loss) | 9901 | €448,901 | €965,675 | +€516,774 | +115% |
| Financial income | 75/76B | €85,668 | €127,721 | +€42,053 | +49.1% |
| Recurring financial income | 75 | €85,668 | €127,721 | +€42,053 | +49.1% |
| Other financial income | 752/9 | €85,668 | €127,721 | +€42,053 | +49.1% |
| Financial charges | 65/66B | €212,173 | €184,163 | -€28,010 | -13.2% |
| Recurring financial charges | 65 | €212,173 | €184,163 | -€28,010 | -13.2% |
| Debt charges | 650 | €28,442 | €32,610 | +€4,167 | +14.7% |
| Other financial charges | 652/9 | €183,731 | €151,554 | -€32,177 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €322,396 | €909,233 | +€586,837 | +182% |
| Income taxes | 67/77 | €1,805 | €53,000 | +€51,195 | +2,837% |
| Taxes | 670/3 | €1,805 | €53,000 | +€51,195 | +2,837% |
| Profit (loss) for the period | 9904 | €320,591 | €856,233 | +€535,642 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €320,591 | €856,233 | +€535,642 | +167% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.