ETALMA: 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.
ETALMA
Largest movements
- Tangible fixed assets -€21,991
down €21,991 (-5.3%), from €415,700 to €393,709
of which Land and buildings: -€21,639
- Cash +€13,172
up €13,172 (+2.0%), from €648,236 to €661,408
mainly Depreciation (+€21,991) and Receivables within one year (+€7,980)
No liability line moved by more than 1% of the balance sheet total.
- Taxes -€21,580
down €21,580 (-92.4%), from €23,356 to €1,776
- Gross operating margin -€13,155
down €13,155 (-22.4%), from €58,772 to €45,617
- Financial charges +€1,796
up €1,796 (+8.5%), from €21,029 to €22,824
- Depreciation -€1,352
down €1,352 (-5.8%), from €23,343 to €21,991
- Other operating charges -€879
down €879 (-9.2%), from €9,564 to €8,685
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,074,254 | €1,057,499 | -€16,755 | -1.6% |
| Fixed assets | 21/28 | €416,062 | €394,071 | -€21,991 | -5.3% |
| Tangible fixed assets | 22/27 | €415,700 | €393,709 | -€21,991 | -5.3% |
| Land and buildings | 22 | €415,102 | €393,463 | -€21,639 | -5.2% |
| Furniture and vehicles | 24 | €598 | €247 | -€351 | -58.8% |
| Financial fixed assets | 28 | €362 | €362 | = | 0.0% |
| Current assets | 29/58 | €658,192 | €663,428 | +€5,236 | +0.8% |
| Amounts receivable within one year | 40/41 | €7,980 | - | -€7,980 | |
| Other amounts receivable | 41 | €7,980 | - | -€7,980 | |
| Cash at bank and in hand | 54/58 | €648,236 | €661,408 | +€13,172 | +2.0% |
| Deferred charges and accrued income | 490/1 | €1,976 | €2,020 | +€44 | +2.2% |
| Total equity and liabilities | 10/49 | €1,074,254 | €1,057,499 | -€16,755 | -1.6% |
| Equity | 10/15 | €605,692 | €601,954 | -€3,738 | -0.6% |
| Contributions | 10/11 | €321,100 | €321,100 | = | 0.0% |
| Capital | 10 | €321,100 | €321,100 | = | 0.0% |
| Issued capital | 100 | €321,100 | €321,100 | = | 0.0% |
| Reserves | 13 | €489,539 | €485,802 | -€3,738 | -0.8% |
| Non-distributable reserves | 130/1 | €29,356 | €29,356 | = | 0.0% |
| Legal reserve | 130 | €29,356 | €29,356 | = | 0.0% |
| Tax-exempt reserves | 132 | €414,706 | €397,948 | -€16,758 | -4.0% |
| Distributable reserves | 133 | €45,477 | €58,497 | +€13,020 | +28.6% |
| Profit (loss) carried forward | 14 | -€204,948 | -€204,948 | = | 0.0% |
| Provisions and deferred taxes | 16 | €148,308 | €142,722 | -€5,586 | -3.8% |
| Deferred taxes | 168 | €148,308 | €142,722 | -€5,586 | -3.8% |
| Amounts payable | 17/49 | €320,254 | €312,823 | -€7,431 | -2.3% |
| Amounts payable after more than one year | 17 | €194,029 | €194,029 | = | 0.0% |
| Financial debts | 170/4 | €194,029 | €194,029 | = | 0.0% |
| Amounts payable within one year | 42/48 | €126,225 | €118,794 | -€7,431 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €10,500 | €10,100 | -€400 | -3.8% |
| Trade debts | 44 | €1,092 | €437 | -€655 | -60.0% |
| Suppliers | 440/4 | €1,092 | €437 | -€655 | -60.0% |
| Taxes, remuneration and social security | 45 | €6,581 | €8,305 | +€1,723 | +26.2% |
| Taxes | 450/3 | €6,581 | €8,305 | +€1,723 | +26.2% |
| Other amounts payable | 47/48 | €108,052 | €99,952 | -€8,100 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,343 | €21,991 | -€1,352 | -5.8% |
| Other operating charges | 640/8 | €9,564 | €8,685 | -€879 | -9.2% |
| Gross operating margin | 9900 | €58,772 | €45,617 | -€13,155 | -22.4% |
| Operating profit (loss) | 9901 | €25,865 | €14,941 | -€10,924 | -42.2% |
| Financial income | 75/76B | €19 | €336 | +€317 | +1691.1% |
| Recurring financial income | 75 | €19 | €336 | +€317 | +1691.1% |
| Financial charges | 65/66B | €21,029 | €22,824 | +€1,796 | +8.5% |
| Recurring financial charges | 65 | €21,029 | €22,824 | +€1,796 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €4,855 | -€7,548 | -€12,403 | |
| Transfer from deferred taxes | 780 | €5,586 | €5,586 | = | 0.0% |
| Income taxes | 67/77 | €23,356 | €1,776 | -€21,580 | -92.4% |
| Profit (loss) for the period | 9904 | -€12,915 | -€3,738 | +€9,177 | +71.1% |
| Transfer from tax-exempt reserves | 789 | €16,758 | €16,758 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,843 | €13,020 | +€9,177 | +238.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.