ETANIMMO: 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.
ETANIMMO
Largest movements
- Cash +€18,577
up €18,577 (+71.7%), from €25,921 to €44,498
mainly Depreciation (+€31,059) and Net result for the year (+€29,528)
- Tangible fixed assets +€12,610
up €12,610 (+2.9%), from €430,725 to €443,336
of which Furniture and vehicles: +€30,623
- Profit (loss) carried forward +€23,028
up €23,028 (+30.8%), from €74,802 to €97,830
- Other debts -€15,110
down €15,110 (-18.3%), from €82,452 to €67,342
- Trade debts +€14,235
up €14,235 (+104.9%), from €13,570 to €27,805
of which Bills of exchange payable: +€12,705
- Tax, wage and social debts +€8,432
up €8,432 (+220.1%), from €3,831 to €12,263
- Current portion of long-term debt +€7,448
up €7,448 (+26.4%), from €28,223 to €35,671
- Gross operating margin +€30,397
up €30,397 (+65.6%), from €46,307 to €76,704
- Purchases and services -€19,863
down €19,863 (-26.2%), from €75,926 to €56,063
- Turnover +€10,534
up €10,534 (+8.6%), from €122,232 to €132,767
- Depreciation +€6,989
up €6,989 (+29.0%), from €24,070 to €31,059
- Taxes +€4,821
up €4,821 (+409.1%), from €1,179 to €6,000
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 | €480,897 | €512,037 | +€31,140 | +6.5% |
| Fixed assets | 21/28 | €430,725 | €443,336 | +€12,610 | +2.9% |
| Tangible fixed assets | 22/27 | €430,725 | €443,336 | +€12,610 | +2.9% |
| Land and buildings | 22 | €418,394 | €402,431 | -€15,963 | -3.8% |
| Plant, machinery and equipment | 23 | €6,575 | €4,525 | -€2,050 | -31.2% |
| Furniture and vehicles | 24 | €5,756 | €36,379 | +€30,623 | +532.0% |
| Current assets | 29/58 | €50,172 | €68,701 | +€18,529 | +36.9% |
| Amounts receivable within one year | 40/41 | €24,251 | €24,203 | -€48 | -0.2% |
| Trade receivables | 40 | €5,352 | €5,304 | -€48 | -0.9% |
| Other amounts receivable | 41 | €18,899 | €18,899 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,921 | €44,498 | +€18,577 | +71.7% |
| Total equity and liabilities | 10/49 | €480,897 | €512,037 | +€31,140 | +6.5% |
| Equity | 10/15 | €82,697 | €105,725 | +€23,028 | +27.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,695 | €1,695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,695 | €1,695 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,695 | €1,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,802 | €97,830 | +€23,028 | +30.8% |
| Amounts payable | 17/49 | €398,200 | €406,312 | +€8,112 | +2.0% |
| Amounts payable after more than one year | 17 | €270,125 | €263,231 | -€6,893 | -2.6% |
| Financial debts | 170/4 | €270,125 | €263,231 | -€6,893 | -2.6% |
| Amounts payable within one year | 42/48 | €128,076 | €143,081 | +€15,005 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €28,223 | €35,671 | +€7,448 | +26.4% |
| Trade debts | 44 | €13,570 | €27,805 | +€14,235 | +104.9% |
| Suppliers | 440/4 | €13,570 | €15,100 | +€1,530 | +11.3% |
| Bills of exchange payable | 441 | - | €12,705 | +€12,705 | |
| Taxes, remuneration and social security | 45 | €3,831 | €12,263 | +€8,432 | +220.1% |
| Taxes | 450/3 | €3,831 | €12,263 | +€8,432 | +220.1% |
| Other amounts payable | 47/48 | €82,452 | €67,342 | -€15,110 | -18.3% |
| Turnover | 70 | €122,232 | €132,767 | +€10,534 | +8.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €75,926 | €56,063 | -€19,863 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,070 | €31,059 | +€6,989 | +29.0% |
| Other operating charges | 640/8 | €2,822 | €2,876 | +€55 | +1.9% |
| Gross operating margin | 9900 | €46,307 | €76,704 | +€30,397 | +65.6% |
| Operating profit (loss) | 9901 | €19,416 | €42,769 | +€23,353 | +120.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €7,626 | €7,241 | -€385 | -5.1% |
| Recurring financial charges | 65 | €7,626 | €7,241 | -€385 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €11,790 | €35,528 | +€23,738 | +201.3% |
| Income taxes | 67/77 | €1,179 | €6,000 | +€4,821 | +409.1% |
| Profit (loss) for the period | 9904 | €10,612 | €29,528 | +€18,916 | +178.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,612 | €29,528 | +€18,916 | +178.3% |
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 9 October 2026 via checked.be.