ETAIRIA SYSTEMS: what changed
ETAIRIA SYSTEMS
Largest movements
- Cash +€68,460
up €68,460 (+229%), from €29,916 to €98,376
mainly Net result for the year (+€69,581) and Trade debts (+€13,871)
- Stocks and contracts +€5,249
up €5,249 (+21.9%), from €23,967 to €29,216
- Receivables within one year -€5,169
down €5,169 (-12.7%), from €40,842 to €35,673
of which Trade receivables: -€6,317
- Tangible fixed assets +€3,214
up €3,214 (+88.4%), from €3,634 to €6,848
of which Plant, machinery and equipment: +€3,074
- Profit (loss) carried forward +€67,915
up €67,915 (+93.0%), from €73,008 to €140,923
- Trade debts +€13,871
up €13,871 (+1,543%), from €899 to €14,770
- Tax, wage and social debts -€10,142
down €10,142 (-80.7%), from €12,562 to €2,420
of which Taxes: -€9,942
- Taxes +€3,447
up €3,447 (+17.1%), from €20,132 to €23,579
- Gross operating margin -€3,195
down €3,195 (-3.1%), from €104,346 to €101,151
- Depreciation +€1,327
up €1,327 (+464%), from €286 to €1,613
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,635 | €170,113 | +€70,478 | +70.7% |
| Fixed assets | 21/28 | €3,634 | €6,848 | +€3,214 | +88.4% |
| Tangible fixed assets | 22/27 | €3,634 | €6,848 | +€3,214 | +88.4% |
| Plant, machinery and equipment | 23 | €1,039 | €4,113 | +€3,074 | +296% |
| Furniture and vehicles | 24 | €2,595 | €2,735 | +€140 | +5.4% |
| Current assets | 29/58 | €96,001 | €163,265 | +€67,264 | +70.1% |
| Stocks and contracts in progress | 3 | €23,967 | €29,216 | +€5,249 | +21.9% |
| Stocks | 30/36 | €23,967 | €29,216 | +€5,249 | +21.9% |
| Amounts receivable within one year | 40/41 | €40,842 | €35,673 | -€5,169 | -12.7% |
| Trade receivables | 40 | €30,501 | €24,184 | -€6,317 | -20.7% |
| Other amounts receivable | 41 | €10,341 | €11,489 | +€1,148 | +11.1% |
| Cash at bank and in hand | 54/58 | €29,916 | €98,376 | +€68,460 | +229% |
| Deferred charges and accrued income | 490/1 | €1,276 | - | -€1,276 | |
| Total equity and liabilities | 10/49 | €99,635 | €170,113 | +€70,478 | +70.7% |
| Equity | 10/15 | €85,008 | €152,923 | +€67,915 | +79.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,008 | €140,923 | +€67,915 | +93.0% |
| Amounts payable | 17/49 | €14,627 | €17,190 | +€2,563 | +17.5% |
| Amounts payable within one year | 42/48 | €13,461 | €17,190 | +€3,729 | +27.7% |
| Trade debts | 44 | €899 | €14,770 | +€13,871 | +1,543% |
| Suppliers | 440/4 | €899 | €14,770 | +€13,871 | +1,543% |
| Taxes, remuneration and social security | 45 | €12,562 | €2,420 | -€10,142 | -80.7% |
| Taxes | 450/3 | €11,762 | €1,820 | -€9,942 | -84.5% |
| Remuneration and social security | 454/9 | €800 | €600 | -€200 | -25.0% |
| Accrued charges and deferred income | 492/3 | €1,166 | - | -€1,166 | |
| Remuneration, social security and pensions | 62 | €5,466 | €5,202 | -€264 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €286 | €1,613 | +€1,327 | +464% |
| Other operating charges | 640/8 | €341 | €747 | +€406 | +119% |
| Gross operating margin | 9900 | €104,346 | €101,151 | -€3,195 | -3.1% |
| Operating profit (loss) | 9901 | €98,253 | €93,589 | -€4,664 | -4.7% |
| Financial income | 75/76B | €269 | - | -€269 | |
| Recurring financial income | 75 | €269 | - | -€269 | |
| Financial charges | 65/66B | €258 | €429 | +€171 | +66.3% |
| Recurring financial charges | 65 | €258 | €429 | +€171 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | €98,264 | €93,160 | -€5,104 | -5.2% |
| Income taxes | 67/77 | €20,132 | €23,579 | +€3,447 | +17.1% |
| Profit (loss) for the period | 9904 | €78,132 | €69,581 | -€8,551 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,132 | €69,581 | -€8,551 | -10.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.