eTACS: 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.
eTACS
Largest movements
- Cash +€19,230
up €19,230 (+108%), from €17,732 to €36,962
mainly Net result for the year (+€31,542) and Depreciation (+€6,596)
- Receivables within one year +€7,545
up €7,545 (+77.4%), from €9,750 to €17,295
- Receivables after one year +€6,600
up €6,600 (+53.0%), from €12,458 to €19,058
- Tangible fixed assets -€3,712
down €3,712 (-18.0%), from €20,606 to €16,894
- Reserves +€31,542
up €31,542 (+112%), from €28,203 to €59,745
- Debts after one year -€3,764
down €3,764 (-55.6%), from €6,764 to €3,000
- Tax, wage and social debts +€3,543
up €3,543 (+27.5%), from €12,900 to €16,443
- Current portion of long-term debt -€1,642
down €1,642 (-30.4%), from €5,406 to €3,764
- Gross operating margin -€16,137
down €16,137 (-25.1%), from €64,410 to €48,273
- Depreciation +€1,594
up €1,594 (+31.9%), from €5,003 to €6,596
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 | €60,601 | €90,281 | +€29,679 | +49.0% |
| Fixed assets | 21/28 | €20,606 | €16,894 | -€3,712 | -18.0% |
| Tangible fixed assets | 22/27 | €20,606 | €16,894 | -€3,712 | -18.0% |
| Furniture and vehicles | 24 | €20,606 | €16,894 | -€3,712 | -18.0% |
| Current assets | 29/58 | €39,995 | €73,386 | +€33,391 | +83.5% |
| Amounts receivable after more than one year | 29 | €12,458 | €19,058 | +€6,600 | +53.0% |
| Other amounts receivable | 291 | €12,458 | €19,058 | +€6,600 | +53.0% |
| Amounts receivable within one year | 40/41 | €9,750 | €17,295 | +€7,545 | +77.4% |
| Trade receivables | 40 | €9,750 | €17,295 | +€7,545 | +77.4% |
| Cash at bank and in hand | 54/58 | €17,732 | €36,962 | +€19,230 | +108% |
| Deferred charges and accrued income | 490/1 | €55 | €71 | +€16 | +28.7% |
| Total equity and liabilities | 10/49 | €60,601 | €90,281 | +€29,679 | +49.0% |
| Equity | 10/15 | €31,203 | €62,745 | +€31,542 | +101% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,203 | €59,745 | +€31,542 | +112% |
| Distributable reserves | 133 | €28,203 | €59,745 | +€31,542 | +112% |
| Amounts payable | 17/49 | €29,399 | €27,536 | -€1,863 | -6.3% |
| Amounts payable after more than one year | 17 | €6,764 | €3,000 | -€3,764 | -55.6% |
| Financial debts | 170/4 | €6,764 | €3,000 | -€3,764 | -55.6% |
| Amounts payable within one year | 42/48 | €22,321 | €24,317 | +€1,996 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €5,406 | €3,764 | -€1,642 | -30.4% |
| Trade debts | 44 | €79 | €300 | +€221 | +281% |
| Suppliers | 440/4 | €79 | €300 | +€221 | +281% |
| Taxes, remuneration and social security | 45 | €12,900 | €16,443 | +€3,543 | +27.5% |
| Taxes | 450/3 | €12,900 | €16,443 | +€3,543 | +27.5% |
| Other amounts payable | 47/48 | €3,936 | €3,811 | -€125 | -3.2% |
| Accrued charges and deferred income | 492/3 | €313 | €218 | -€95 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,003 | €6,596 | +€1,594 | +31.9% |
| Other operating charges | 640/8 | €272 | €179 | -€93 | -34.1% |
| Non-recurring operating charges | 66A | €23,736 | - | -€23,736 | |
| Gross operating margin | 9900 | €64,410 | €48,273 | -€16,137 | -25.1% |
| Operating profit (loss) | 9901 | €35,399 | €41,497 | +€6,098 | +17.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €773 | €636 | -€137 | -17.7% |
| Recurring financial charges | 65 | €773 | €636 | -€137 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €34,626 | €40,861 | +€6,235 | +18.0% |
| Income taxes | 67/77 | €9,886 | €9,319 | -€567 | -5.7% |
| Profit (loss) for the period | 9904 | €24,740 | €31,542 | +€6,802 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,740 | €31,542 | +€6,802 | +27.5% |
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 28 October 2026 via checked.be.