ETB 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.
ETB Consulting
Largest movements
- Receivables within one year +€38,209
up €38,209 (+14.4%), from €266,019 to €304,228
of which Other amounts receivable: +€62,862
- Tangible fixed assets +€6,626
up €6,626 (+52.1%), from €12,722 to €19,348
- Reserves +€31,154
up €31,154 (+13.2%), from €236,254 to €267,408
of which Distributable reserves: +€33,014
- Tax, wage and social debts +€12,767
up €12,767 (+40.6%), from €31,470 to €44,237
- Gross operating margin -€4,461
down €4,461 (-8.4%), from €53,022 to €48,561
- Taxes +€1,901
up €1,901 (+16.8%), from €11,286 to €13,187
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,819 | €323,691 | +€44,873 | +16.1% |
| Fixed assets | 21/28 | €12,722 | €19,348 | +€6,626 | +52.1% |
| Tangible fixed assets | 22/27 | €12,722 | €19,348 | +€6,626 | +52.1% |
| Furniture and vehicles | 24 | €12,722 | €19,348 | +€6,626 | +52.1% |
| Current assets | 29/58 | €266,096 | €304,343 | +€38,247 | +14.4% |
| Amounts receivable within one year | 40/41 | €266,019 | €304,228 | +€38,209 | +14.4% |
| Trade receivables | 40 | €33,753 | €9,100 | -€24,653 | -73.0% |
| Other amounts receivable | 41 | €232,266 | €295,128 | +€62,862 | +27.1% |
| Cash at bank and in hand | 54/58 | €8 | €52 | +€44 | +541% |
| Deferred charges and accrued income | 490/1 | €69 | €62 | -€6 | -9.3% |
| Total equity and liabilities | 10/49 | €278,819 | €323,691 | +€44,873 | +16.1% |
| Equity | 10/15 | €242,454 | €273,608 | +€31,154 | +12.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €236,254 | €267,408 | +€31,154 | +13.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €234,394 | €267,408 | +€33,014 | +14.1% |
| Amounts payable | 17/49 | €36,365 | €50,084 | +€13,719 | +37.7% |
| Amounts payable within one year | 42/48 | €36,365 | €50,084 | +€13,719 | +37.7% |
| Financial debts | 43 | €2,408 | €2,166 | -€243 | -10.1% |
| Credit institutions | 430/8 | €2,408 | €2,166 | -€243 | -10.1% |
| Trade debts | 44 | €2,487 | €3,681 | +€1,194 | +48.0% |
| Suppliers | 440/4 | €2,487 | €3,681 | +€1,194 | +48.0% |
| Taxes, remuneration and social security | 45 | €31,470 | €44,237 | +€12,767 | +40.6% |
| Taxes | 450/3 | €31,470 | €44,237 | +€12,767 | +40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,871 | €3,369 | +€498 | +17.3% |
| Other operating charges | 640/8 | €256 | €444 | +€188 | +73.3% |
| Gross operating margin | 9900 | €53,022 | €48,561 | -€4,461 | -8.4% |
| Operating profit (loss) | 9901 | €49,895 | €44,749 | -€5,147 | -10.3% |
| Financial charges | 65/66B | €518 | €408 | -€110 | -21.3% |
| Recurring financial charges | 65 | €518 | €408 | -€110 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €49,377 | €44,341 | -€5,036 | -10.2% |
| Income taxes | 67/77 | €11,286 | €13,187 | +€1,901 | +16.8% |
| Profit (loss) for the period | 9904 | €38,091 | €31,154 | -€6,937 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,091 | €31,154 | -€6,937 | -18.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.