ETACALL: 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.
ETACALL
Largest movements
- Receivables within one year +€43,825
up €43,825 (+55.1%), from €79,482 to €123,307
of which Trade receivables: +€105,661
- Cash +€30,446
up €30,446 (+69.4%), from €43,893 to €74,339
mainly Trade debts (+€121,213) and Receivables after one year (+€25,000)
- Receivables after one year -€25,000
no longer reported in 2025 (was €25,000)
- Tangible fixed assets +€17,427
up €17,427 (+34.6%), from €50,434 to €67,861
of which Furniture and vehicles: +€21,782
- Trade debts +€121,213
up €121,213 (+6,026%), from €2,011 to €123,225
- Reserves -€64,000
down €64,000 (-29.5%), from €216,860 to €152,860
of which Distributable reserves: -€64,000
- Tax, wage and social debts +€4,911
up €4,911 (+52.3%), from €9,395 to €14,306
- Current portion of long-term debt +€3,727
up €3,727 (+61.4%), from €6,073 to €9,800
- Financial income -€20,805
down €20,805 (-96.3%), from €21,602 to €796
- Depreciation +€4,619
up €4,619 (+34.7%), from €13,314 to €17,933
- Taxes -€4,531
down €4,531 (-26.9%), from €16,851 to €12,321
- Gross operating margin +€3,463
up €3,463 (+6.6%), from €52,268 to €55,731
- Other operating charges -€2,399
down €2,399 (-76.2%), from €3,150 to €751
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.
Derived cash bridge
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 | €301,044 | €369,389 | +€68,344 | +22.7% |
| Fixed assets | 21/28 | €50,434 | €67,861 | +€17,427 | +34.6% |
| Tangible fixed assets | 22/27 | €50,434 | €67,861 | +€17,427 | +34.6% |
| Plant, machinery and equipment | 23 | €2,176 | €1,207 | -€969 | -44.5% |
| Furniture and vehicles | 24 | €44,176 | €65,958 | +€21,782 | +49.3% |
| Other tangible fixed assets | 26 | €4,082 | €696 | -€3,386 | -83.0% |
| Current assets | 29/58 | €250,610 | €301,528 | +€50,917 | +20.3% |
| Amounts receivable after more than one year | 29 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 291 | €25,000 | - | -€25,000 | |
| Amounts receivable within one year | 40/41 | €79,482 | €123,307 | +€43,825 | +55.1% |
| Trade receivables | 40 | €15,677 | €121,338 | +€105,661 | +674% |
| Other amounts receivable | 41 | €63,805 | €1,970 | -€61,836 | -96.9% |
| Current investments | 50/53 | €100,000 | €100,557 | +€557 | +0.6% |
| Cash at bank and in hand | 54/58 | €43,893 | €74,339 | +€30,446 | +69.4% |
| Deferred charges and accrued income | 490/1 | €2,235 | €3,324 | +€1,089 | +48.7% |
| Total equity and liabilities | 10/49 | €301,044 | €369,389 | +€68,344 | +22.7% |
| Equity | 10/15 | €269,047 | €205,060 | -€63,986 | -23.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €216,860 | €152,860 | -€64,000 | -29.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €215,000 | €151,000 | -€64,000 | -29.8% |
| Profit (loss) carried forward | 14 | €45,987 | €46,000 | +€14 | 0.0% |
| Amounts payable | 17/49 | €31,998 | €164,328 | +€132,331 | +414% |
| Amounts payable after more than one year | 17 | €14,518 | €16,998 | +€2,480 | +17.1% |
| Financial debts | 170/4 | €14,518 | €16,998 | +€2,480 | +17.1% |
| Amounts payable within one year | 42/48 | €17,480 | €147,330 | +€129,851 | +743% |
| Current portion of amounts payable after more than one year | 42 | €6,073 | €9,800 | +€3,727 | +61.4% |
| Trade debts | 44 | €2,011 | €123,225 | +€121,213 | +6,026% |
| Suppliers | 440/4 | €2,011 | €123,225 | +€121,213 | +6,026% |
| Taxes, remuneration and social security | 45 | €9,395 | €14,306 | +€4,911 | +52.3% |
| Taxes | 450/3 | €9,395 | €14,306 | +€4,911 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,314 | €17,933 | +€4,619 | +34.7% |
| Other operating charges | 640/8 | €3,150 | €751 | -€2,399 | -76.2% |
| Gross operating margin | 9900 | €52,268 | €55,731 | +€3,463 | +6.6% |
| Operating profit (loss) | 9901 | €35,804 | €37,047 | +€1,244 | +3.5% |
| Financial income | 75/76B | €21,602 | €796 | -€20,805 | -96.3% |
| Recurring financial income | 75 | €21,602 | €796 | -€20,805 | -96.3% |
| Financial charges | 65/66B | €2,113 | €1,509 | -€604 | -28.6% |
| Recurring financial charges | 65 | €2,113 | €1,509 | -€604 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €55,292 | €36,334 | -€18,958 | -34.3% |
| Income taxes | 67/77 | €16,851 | €12,321 | -€4,531 | -26.9% |
| Profit (loss) for the period | 9904 | €38,441 | €24,014 | -€14,427 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,441 | €24,014 | -€14,427 | -37.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.