EtaKappa Consulting: 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.
EtaKappa Consulting
Largest movements
- Cash +€57,561
up €57,561 (+24.7%), from €232,914 to €290,475
mainly Other debts (+€155,043) and Net result for the year (+€68,068)
- Receivables within one year -€9,394
down €9,394 (-49.7%), from €18,892 to €9,499
of which Trade receivables: -€10,856
- Profit (loss) carried forward -€169,708
down €169,708 (-100%), from €169,708 to €0
- Other debts +€155,043
up €155,043 (+499%), from €31,070 to €186,113
- Reserves +€68,068
new in 2025: €68,068
- Trade debts -€9,774
down €9,774 (-65.8%), from €14,864 to €5,090
- Tax, wage and social debts +€4,491
up €4,491 (+13.2%), from €34,115 to €38,606
of which Taxes: +€6,401
- Gross operating margin +€9,741
up €9,741 (+12.3%), from €79,506 to €89,247
- Taxes +€1,938
up €1,938 (+12.4%), from €15,601 to €17,538
- Financial charges -€1,188
down €1,188 (-31.1%), from €3,818 to €2,629
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 | €252,257 | €300,383 | +€48,126 | +19.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €252,257 | €300,383 | +€48,126 | +19.1% |
| Amounts receivable within one year | 40/41 | €18,892 | €9,499 | -€9,394 | -49.7% |
| Trade receivables | 40 | €13,535 | €2,679 | -€10,856 | -80.2% |
| Other amounts receivable | 41 | €5,357 | €6,819 | +€1,462 | +27.3% |
| Cash at bank and in hand | 54/58 | €232,914 | €290,475 | +€57,561 | +24.7% |
| Deferred charges and accrued income | 490/1 | €451 | €410 | -€41 | -9.0% |
| Total equity and liabilities | 10/49 | €252,257 | €300,383 | +€48,126 | +19.1% |
| Equity | 10/15 | €172,208 | €70,568 | -€101,639 | -59.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €68,068 | +€68,068 | |
| Distributable reserves | 133 | - | €68,068 | +€68,068 | |
| Profit (loss) carried forward | 14 | €169,708 | €0 | -€169,708 | -100% |
| Amounts payable | 17/49 | €80,049 | €229,815 | +€149,766 | +187% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €80,049 | €229,809 | +€149,759 | +187% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,864 | €5,090 | -€9,774 | -65.8% |
| Suppliers | 440/4 | €14,864 | €5,090 | -€9,774 | -65.8% |
| Taxes, remuneration and social security | 45 | €34,115 | €38,606 | +€4,491 | +13.2% |
| Taxes | 450/3 | €32,015 | €38,416 | +€6,401 | +20.0% |
| Remuneration and social security | 454/9 | €2,100 | €190 | -€1,910 | -91.0% |
| Other amounts payable | 47/48 | €31,070 | €186,113 | +€155,043 | +499% |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | - | €545 | +€545 | |
| Non-recurring operating charges | 66A | - | €466 | +€466 | |
| Gross operating margin | 9900 | €79,506 | €89,247 | +€9,741 | +12.3% |
| Operating profit (loss) | 9901 | €79,506 | €88,236 | +€8,730 | +11.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,818 | €2,629 | -€1,188 | -31.1% |
| Recurring financial charges | 65 | €3,818 | €2,629 | -€1,188 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €75,688 | €85,606 | +€9,918 | +13.1% |
| Income taxes | 67/77 | €15,601 | €17,538 | +€1,938 | +12.4% |
| Profit (loss) for the period | 9904 | €60,088 | €68,068 | +€7,981 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,088 | €68,068 | +€7,981 | +13.3% |
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.