ETACC: 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.
ETACC
Largest movements
- Receivables within one year +€46,029
up €46,029 (+199.2%), from €23,105 to €69,134
of which Trade receivables: +€48,241
- Stocks and contracts -€43,500
down €43,500 (-64.0%), from €68,000 to €24,500
- Tangible fixed assets +€43,031
up €43,031 (+775.9%), from €5,546 to €48,576
of which Furniture and vehicles: +€43,336
- Cash -€10,593
down €10,593 (-16.5%), from €64,100 to €53,507
mainly Investment in fixed assets (net) (-€48,065) and Receivables within one year (-€46,029)
- Trade debts +€43,396
up €43,396 (+160.5%), from €27,031 to €70,427
- Short-term financial debts -€22,074
down €22,074 (-43.5%), from €50,693 to €28,619
- Accrued charges and deferred income +€16,781
up €16,781 (+2692.9%), from €623 to €17,404
- Advances received -€13,413
no longer reported in 2025 (was €13,413)
- Tax, wage and social debts +€9,590
up €9,590 (+50.2%), from €19,120 to €28,710
of which Taxes: +€5,857
- Gross operating margin -€8,068
down €8,068 (-5.5%), from €145,862 to €137,794
- Staff costs -€7,249
down €7,249 (-6.7%), from €108,924 to €101,675
- Write-downs +€4,679
up €4,679 (+84.7%), from €5,521 to €10,200
- Depreciation -€4,589
down €4,589 (-47.7%), from €9,624 to €5,035
- Financial charges +€4,435
up €4,435 (+121.2%), from €3,660 to €8,095
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 | €164,301 | €199,268 | +€34,967 | +21.3% |
| Fixed assets | 21/28 | €9,096 | €52,126 | +€43,031 | +473.1% |
| Tangible fixed assets | 22/27 | €5,546 | €48,576 | +€43,031 | +775.9% |
| Land and buildings | 22 | €2,545 | €2,349 | -€196 | -7.7% |
| Plant, machinery and equipment | 23 | €440 | €330 | -€110 | -25.0% |
| Furniture and vehicles | 24 | €2,561 | €45,897 | +€43,336 | +1692.3% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €155,205 | €147,141 | -€8,064 | -5.2% |
| Stocks and contracts in progress | 3 | €68,000 | €24,500 | -€43,500 | -64.0% |
| Stocks | 30/36 | €68,000 | €24,500 | -€43,500 | -64.0% |
| Amounts receivable within one year | 40/41 | €23,105 | €69,134 | +€46,029 | +199.2% |
| Trade receivables | 40 | €16,753 | €64,995 | +€48,241 | +288.0% |
| Other amounts receivable | 41 | €6,352 | €4,139 | -€2,212 | -34.8% |
| Cash at bank and in hand | 54/58 | €64,100 | €53,507 | -€10,593 | -16.5% |
| Total equity and liabilities | 10/49 | €164,301 | €199,268 | +€34,967 | +21.3% |
| Equity | 10/15 | €24,628 | €31,544 | +€6,916 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| 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 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,832 | -€3,916 | +€6,916 | +63.8% |
| Amounts payable | 17/49 | €139,673 | €167,724 | +€28,051 | +20.1% |
| Amounts payable within one year | 42/48 | €139,050 | €150,320 | +€11,270 | +8.1% |
| Financial debts | 43 | €50,693 | €28,619 | -€22,074 | -43.5% |
| Credit institutions | 430/8 | €50,693 | €28,619 | -€22,074 | -43.5% |
| Trade debts | 44 | €27,031 | €70,427 | +€43,396 | +160.5% |
| Suppliers | 440/4 | €27,031 | €70,427 | +€43,396 | +160.5% |
| Advances received on contracts in progress | 46 | €13,413 | - | -€13,413 | |
| Taxes, remuneration and social security | 45 | €19,120 | €28,710 | +€9,590 | +50.2% |
| Taxes | 450/3 | €5,879 | €11,736 | +€5,857 | +99.6% |
| Remuneration and social security | 454/9 | €13,241 | €16,974 | +€3,733 | +28.2% |
| Other amounts payable | 47/48 | €28,793 | €22,564 | -€6,229 | -21.6% |
| Accrued charges and deferred income | 492/3 | €623 | €17,404 | +€16,781 | +2692.9% |
| Remuneration, social security and pensions | 62 | €108,924 | €101,675 | -€7,249 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,624 | €5,035 | -€4,589 | -47.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,521 | €10,200 | +€4,679 | +84.7% |
| Other operating charges | 640/8 | €2,441 | €1,393 | -€1,047 | -42.9% |
| Gross operating margin | 9900 | €145,862 | €137,794 | -€8,068 | -5.5% |
| Operating profit (loss) | 9901 | €19,352 | €19,491 | +€139 | +0.7% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €3,660 | €8,095 | +€4,435 | +121.2% |
| Recurring financial charges | 65 | €3,660 | €8,095 | +€4,435 | +121.2% |
| Profit (loss) for the period before taxes | 9903 | €15,709 | €11,396 | -€4,313 | -27.5% |
| Income taxes | 67/77 | €2,902 | €4,480 | +€1,578 | +54.4% |
| Profit (loss) for the period | 9904 | €12,807 | €6,916 | -€5,891 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,807 | €6,916 | -€5,891 | -46.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.