ETAK: what changed
Two fiscal 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.
ETAK
Largest movements
- Cash -€20,496
down €20,496 (-95.1%), from €21,550 to €1,054
mainly Debts after one year (-€14,142) and Other debts (-€13,781)
- Tangible fixed assets -€6,800
down €6,800 (-3.8%), from €177,448 to €170,648
- Debts after one year -€14,142
down €14,142 (-11.8%), from €119,892 to €105,750
- Other debts -€13,781
down €13,781 (-12.1%), from €114,015 to €100,234
- Profit (loss) carried forward +€13,594
up €13,594 (+23.7%), from -€57,410 to -€43,816
- Reserves -€12,247
down €12,247 (-4.2%), from €293,936 to €281,689
- Gross operating margin -€371,554
down €371,554 (-97.0%), from €383,181 to €11,627
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 | €669,549 | €642,253 | -€27,296 | -4.1% |
| Fixed assets | 21/28 | €177,448 | €170,648 | -€6,800 | -3.8% |
| Tangible fixed assets | 22/27 | €177,448 | €170,648 | -€6,800 | -3.8% |
| Land and buildings | 22 | €177,448 | €170,648 | -€6,800 | -3.8% |
| Current assets | 29/58 | €492,101 | €471,605 | -€20,496 | -4.2% |
| Amounts receivable within one year | 40/41 | €470,551 | €470,551 | = | 0.0% |
| Other amounts receivable | 41 | €470,551 | €470,551 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,550 | €1,054 | -€20,496 | -95.1% |
| Total equity and liabilities | 10/49 | €669,549 | €642,253 | -€27,296 | -4.1% |
| Equity | 10/15 | €348,526 | €349,873 | +€1,347 | +0.4% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €293,936 | €281,689 | -€12,247 | -4.2% |
| Tax-exempt reserves | 132 | €293,936 | €281,689 | -€12,247 | -4.2% |
| Profit (loss) carried forward | 14 | -€57,410 | -€43,816 | +€13,594 | +23.7% |
| Provisions and deferred taxes | 16 | €73,484 | €70,422 | -€3,062 | -4.2% |
| Deferred taxes | 168 | €73,484 | €70,422 | -€3,062 | -4.2% |
| Amounts payable | 17/49 | €247,539 | €221,958 | -€25,581 | -10.3% |
| Amounts payable after more than one year | 17 | €119,892 | €105,750 | -€14,142 | -11.8% |
| Financial debts | 170/4 | €119,892 | €105,750 | -€14,142 | -11.8% |
| Amounts payable within one year | 42/48 | €127,647 | €116,208 | -€11,439 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €13,632 | €14,142 | +€510 | +3.7% |
| Trade debts | 44 | - | €1,832 | +€1,832 | |
| Suppliers | 440/4 | - | €1,832 | +€1,832 | |
| Other amounts payable | 47/48 | €114,015 | €100,234 | -€13,781 | -12.1% |
| Non-recurring operating income | 76A | €382,730 | - | -€382,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,963 | €6,800 | -€163 | -2.3% |
| Other operating charges | 640/8 | €2,715 | €141 | -€2,574 | -94.8% |
| Gross operating margin | 9900 | €383,181 | €11,627 | -€371,554 | -97.0% |
| Operating profit (loss) | 9901 | €373,503 | €4,686 | -€368,817 | -98.7% |
| Financial charges | 65/66B | €5,977 | €6,401 | +€424 | +7.1% |
| Recurring financial charges | 65 | €5,977 | €6,401 | +€424 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €367,526 | -€1,715 | -€369,241 | |
| Transfer from deferred taxes | 780 | €3,062 | €3,062 | = | 0.0% |
| Transfer to deferred taxes | 680 | €76,546 | - | -€76,546 | |
| Profit (loss) for the period | 9904 | €294,042 | €1,347 | -€292,695 | -99.5% |
| Transfer from tax-exempt reserves | 789 | €12,248 | €12,247 | -€1 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €306,184 | - | -€306,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €106 | €13,594 | +€13,488 | +12724.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.