ETCI CONCEPT: 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.
ETCI CONCEPT
Largest movements
- Cash -€8,663
down €8,663 (-15.0%), from €57,815 to €49,152
mainly Tax, wage and social debts (-€8,888) and Receivables within one year (-€6,917)
- Receivables within one year +€6,917
up €6,917 (+29.9%), from €23,097 to €30,014
of which Trade receivables: +€6,742
- Tangible fixed assets -€5,058
down €5,058 (-33.5%), from €15,078 to €10,020
- Tax, wage and social debts -€8,888
down €8,888 (-58.5%), from €15,204 to €6,317
of which Taxes: -€6,788
- Profit (loss) carried forward +€7,222
up €7,222 (+16.9%), from €42,789 to €50,011
- Debts after one year -€3,548
down €3,548 (-61.2%), from €5,801 to €2,253
- Accrued charges and deferred income -€2,086
down €2,086 (-12.2%), from €17,141 to €15,055
- Trade debts +€1,429
up €1,429 (+20.9%), from €6,840 to €8,269
- Gross operating margin -€11,242
down €11,242 (-38.3%), from €29,351 to €18,110
- Taxes -€2,675
down €2,675 (-44.6%), from €5,998 to €3,323
- Depreciation +€2,397
up €2,397 (+90.1%), from €2,661 to €5,058
- Staff costs +€1,244
up €1,244 (+900%), from €138 to €1,382
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 | €99,174 | €92,463 | -€6,711 | -6.8% |
| Fixed assets | 21/28 | €16,401 | €11,343 | -€5,058 | -30.8% |
| Tangible fixed assets | 22/27 | €15,078 | €10,020 | -€5,058 | -33.5% |
| Furniture and vehicles | 24 | €4,003 | €1,520 | -€2,483 | -62.0% |
| Leasing and similar rights | 25 | €9,727 | €7,295 | -€2,432 | -25.0% |
| Other tangible fixed assets | 26 | €1,348 | €1,205 | -€143 | -10.6% |
| Financial fixed assets | 28 | €1,323 | €1,323 | = | 0.0% |
| Current assets | 29/58 | €82,773 | €81,120 | -€1,653 | -2.0% |
| Amounts receivable within one year | 40/41 | €23,097 | €30,014 | +€6,917 | +29.9% |
| Trade receivables | 40 | €20,595 | €27,337 | +€6,742 | +32.7% |
| Other amounts receivable | 41 | €2,502 | €2,677 | +€175 | +7.0% |
| Cash at bank and in hand | 54/58 | €57,815 | €49,152 | -€8,663 | -15.0% |
| Deferred charges and accrued income | 490/1 | €1,861 | €1,954 | +€93 | +5.0% |
| Total equity and liabilities | 10/49 | €99,174 | €92,463 | -€6,711 | -6.8% |
| Equity | 10/15 | €49,789 | €57,011 | +€7,222 | +14.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,789 | €50,011 | +€7,222 | +16.9% |
| Amounts payable | 17/49 | €49,385 | €35,453 | -€13,932 | -28.2% |
| Amounts payable after more than one year | 17 | €5,801 | €2,253 | -€3,548 | -61.2% |
| Financial debts | 170/4 | €5,801 | €2,253 | -€3,548 | -61.2% |
| Amounts payable within one year | 42/48 | €26,443 | €18,145 | -€8,298 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €2,896 | €3,280 | +€384 | +13.3% |
| Trade debts | 44 | €6,840 | €8,269 | +€1,429 | +20.9% |
| Suppliers | 440/4 | €6,840 | €8,269 | +€1,429 | +20.9% |
| Taxes, remuneration and social security | 45 | €15,204 | €6,317 | -€8,888 | -58.5% |
| Taxes | 450/3 | €13,104 | €6,317 | -€6,788 | -51.8% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €1,502 | €279 | -€1,223 | -81.4% |
| Accrued charges and deferred income | 492/3 | €17,141 | €15,055 | -€2,086 | -12.2% |
| Remuneration, social security and pensions | 62 | €138 | €1,382 | +€1,244 | +900% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,661 | €5,058 | +€2,397 | +90.1% |
| Other operating charges | 640/8 | €530 | €658 | +€128 | +24.2% |
| Gross operating margin | 9900 | €29,351 | €18,110 | -€11,242 | -38.3% |
| Operating profit (loss) | 9901 | €26,022 | €11,012 | -€15,011 | -57.7% |
| Financial income | 75/76B | €5 | €12 | +€7 | +153% |
| Recurring financial income | 75 | €5 | €12 | +€7 | +153% |
| Financial charges | 65/66B | €197 | €479 | +€282 | +144% |
| Recurring financial charges | 65 | €197 | €479 | +€282 | +144% |
| Profit (loss) for the period before taxes | 9903 | €25,830 | €10,545 | -€15,285 | -59.2% |
| Income taxes | 67/77 | €5,998 | €3,323 | -€2,675 | -44.6% |
| Profit (loss) for the period | 9904 | €19,832 | €7,222 | -€12,610 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,832 | €7,222 | -€12,610 | -63.6% |
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 18 October 2026 via checked.be.