ETAMIC INTERNATIONAL: 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.
ETAMIC INTERNATIONAL
Largest movements
- Cash -€67,503
down €67,503 (-51.9%), from €130,066 to €62,563
mainly Receivables within one year (-€53,404) and Tax, wage and social debts (-€48,509)
- Receivables within one year +€53,404
up €53,404 (+153%), from €34,916 to €88,320
of which Trade receivables: +€46,891
- Receivables after one year -€31,941
down €31,941 (-11.2%), from €285,010 to €253,069
- Deferred charges and accrued income +€7,275
up €7,275 (+64.4%), from €11,289 to €18,564
- Tax, wage and social debts -€48,509
down €48,509 (-73.5%), from €66,029 to €17,520
of which Taxes: -€32,161
- Advances received -€11,709
no longer reported in 2025 (was €11,709)
- Reserves +€8,000
up €8,000 (+3.3%), from €241,200 to €249,200
of which Distributable reserves: +€8,000
- Gross operating margin -€43,213
down €43,213 (-63.1%), from €68,500 to €25,287
- Financial charges +€12,388
up €12,388 (+191%), from €6,494 to €18,882
- Financial income +€11,796
up €11,796 (+80.0%), from €14,742 to €26,538
- Taxes -€5,469
down €5,469 (-23.9%), from €22,909 to €17,440
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 | €477,688 | €434,643 | -€43,045 | -9.0% |
| Fixed assets | 21/28 | €16,407 | €12,127 | -€4,280 | -26.1% |
| Tangible fixed assets | 22/27 | €14,707 | €10,427 | -€4,280 | -29.1% |
| Furniture and vehicles | 24 | €14,707 | €10,427 | -€4,280 | -29.1% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €461,281 | €422,516 | -€38,765 | -8.4% |
| Amounts receivable after more than one year | 29 | €285,010 | €253,069 | -€31,941 | -11.2% |
| Other amounts receivable | 291 | €285,010 | €253,069 | -€31,941 | -11.2% |
| Amounts receivable within one year | 40/41 | €34,916 | €88,320 | +€53,404 | +153% |
| Trade receivables | 40 | €7,928 | €54,819 | +€46,891 | +591% |
| Other amounts receivable | 41 | €26,988 | €33,501 | +€6,513 | +24.1% |
| Cash at bank and in hand | 54/58 | €130,066 | €62,563 | -€67,503 | -51.9% |
| Deferred charges and accrued income | 490/1 | €11,289 | €18,564 | +€7,275 | +64.4% |
| Total equity and liabilities | 10/49 | €477,688 | €434,643 | -€43,045 | -9.0% |
| Equity | 10/15 | €308,438 | €317,211 | +€8,773 | +2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €241,200 | €249,200 | +€8,000 | +3.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €235,000 | €243,000 | +€8,000 | +3.4% |
| Profit (loss) carried forward | 14 | €5,238 | €6,011 | +€773 | +14.8% |
| Amounts payable | 17/49 | €169,250 | €117,432 | -€51,818 | -30.6% |
| Amounts payable within one year | 42/48 | €95,499 | €40,049 | -€55,450 | -58.1% |
| Trade debts | 44 | €1,081 | €1,473 | +€392 | +36.3% |
| Suppliers | 440/4 | €1,081 | €1,473 | +€392 | +36.3% |
| Advances received on contracts in progress | 46 | €11,709 | - | -€11,709 | |
| Taxes, remuneration and social security | 45 | €66,029 | €17,520 | -€48,509 | -73.5% |
| Taxes | 450/3 | €49,681 | €17,520 | -€32,161 | -64.7% |
| Remuneration and social security | 454/9 | €16,348 | - | -€16,348 | |
| Other amounts payable | 47/48 | €16,680 | €21,056 | +€4,376 | +26.2% |
| Accrued charges and deferred income | 492/3 | €73,751 | €77,383 | +€3,632 | +4.9% |
| Non-recurring operating income | 76A | €195 | - | -€195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,731 | €4,280 | -€451 | -9.5% |
| Other operating charges | 640/8 | €2,065 | €2,450 | +€385 | +18.6% |
| Gross operating margin | 9900 | €68,500 | €25,287 | -€43,213 | -63.1% |
| Operating profit (loss) | 9901 | €61,704 | €18,557 | -€43,147 | -69.9% |
| Financial income | 75/76B | €14,742 | €26,538 | +€11,796 | +80.0% |
| Recurring financial income | 75 | €14,742 | €26,538 | +€11,796 | +80.0% |
| Financial charges | 65/66B | €6,494 | €18,882 | +€12,388 | +191% |
| Recurring financial charges | 65 | €6,494 | €18,882 | +€12,388 | +191% |
| Profit (loss) for the period before taxes | 9903 | €69,952 | €26,213 | -€43,739 | -62.5% |
| Income taxes | 67/77 | €22,909 | €17,440 | -€5,469 | -23.9% |
| Profit (loss) for the period | 9904 | €47,043 | €8,773 | -€38,270 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,043 | €8,773 | -€38,270 | -81.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.