ETEAMSYS: 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.
What changed
ETEAMSYS
NACE 62.900, Other information technology and computer services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,368
2024 · -€44,344+€51,712
Equity
€1.1m
2024 · €1.1m-€9,882
Cash
€121,447
2024 · €200,201-€78,754
Balance sheet total
€4.4m
2024 · €4.1m+€342,748
Largest movements
Assets
- Receivables within one year +€547,024
up €547,024 (+24.3%), from €2.2m to €2.8m
of which Trade receivables: +€554,869
- Tangible fixed assets -€118,157
down €118,157 (-7.6%), from €1.6m to €1.4m
of which Land and buildings: -€98,667
- Cash -€78,754
down €78,754 (-39.3%), from €200,201 to €121,447
mainly Receivables within one year (-€547,024) and Current portion of long-term debt (-€92,087)
Equity and liabilities
- Trade debts +€529,891
up €529,891 (+28.2%), from €1.9m to €2.4m
- Current portion of long-term debt -€92,087
down €92,087 (-47.8%), from €192,672 to €100,586
- Debts after one year -€67,445
down €67,445 (-14.8%), from €455,316 to €387,871
Income statement
- Staff costs -€191,637
down €191,637 (-12.9%), from €1.5m to €1.3m
- Gross operating margin -€117,766
down €117,766 (-7.3%), from €1.6m to €1.5m
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.
Result 2024
-€44,344
Gross operating margin
-€117,766
Staff costs
+€191,637
Depreciation
+€4,587
Write-downs
-€11,117
Other operating charges
-€162
Other operating items
-€471
Financial income
-€5
Financial charges
-€217
Taxes
-€14,775
Result 2025
€7,368
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€100,896
Investment
-€2,869
Financing
-€176,782
Cash 2024
€200,201
From operations (derived)
+€100,896
Net result for the year
+€7,368
Depreciation
+€126,010
Receivables within one year
-€547,024
Deferred charges and accrued income
+€2,381
Trade debts
+€529,891
Tax, wage and social debts
-€2,460
Other debts
+€8,500
Accrued charges and deferred income
-€23,769
Investment (derived)
-€2,869
Investment in fixed assets (net)
-€2,869
Financing
-€176,782
Debts after one year
-€67,445
Current portion of long-term debt
-€92,087
Contributions, distributions and other
-€17,250
Cash 2025
€121,447
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,083,185 | €4,425,933 | +€342,748 | +8.4% |
| Fixed assets | 21/28 | €1,620,232 | €1,497,091 | -€123,141 | -7.6% |
| Intangible fixed assets | 21 | €69,784 | €64,800 | -€4,985 | -7.1% |
| Tangible fixed assets | 22/27 | €1,550,448 | €1,432,291 | -€118,157 | -7.6% |
| Land and buildings | 22 | €1,494,857 | €1,396,190 | -€98,667 | -6.6% |
| Plant, machinery and equipment | 23 | €2,705 | €1,793 | -€911 | -33.7% |
| Furniture and vehicles | 24 | €52,886 | €34,307 | -€18,579 | -35.1% |
| Current assets | 29/58 | €2,462,953 | €2,928,843 | +€465,890 | +18.9% |
| Amounts receivable within one year | 40/41 | €2,249,199 | €2,796,223 | +€547,024 | +24.3% |
| Trade receivables | 40 | €2,237,102 | €2,791,971 | +€554,869 | +24.8% |
| Other amounts receivable | 41 | €12,096 | €4,252 | -€7,845 | -64.9% |
| Cash at bank and in hand | 54/58 | €200,201 | €121,447 | -€78,754 | -39.3% |
| Deferred charges and accrued income | 490/1 | €13,554 | €11,173 | -€2,381 | -17.6% |
| Total equity and liabilities | 10/49 | €4,083,185 | €4,425,933 | +€342,748 | +8.4% |
| Equity | 10/15 | €1,106,101 | €1,096,220 | -€9,882 | -0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,976 | €1,976 | = | 0.0% |
| Tax-exempt reserves | 132 | €116 | €116 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €820,300 | €827,668 | +€7,368 | +0.9% |
| Investment grants | 15 | €277,626 | €260,376 | -€17,250 | -6.2% |
| Amounts payable | 17/49 | €2,977,084 | €3,329,714 | +€352,630 | +11.8% |
| Amounts payable after more than one year | 17 | €455,316 | €387,871 | -€67,445 | -14.8% |
| Financial debts | 170/4 | €455,316 | €387,871 | -€67,445 | -14.8% |
| Amounts payable within one year | 42/48 | €2,497,485 | €2,941,329 | +€443,844 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €192,672 | €100,586 | -€92,087 | -47.8% |
| Trade debts | 44 | €1,878,837 | €2,408,728 | +€529,891 | +28.2% |
| Suppliers | 440/4 | €1,878,837 | €2,408,728 | +€529,891 | +28.2% |
| Taxes, remuneration and social security | 45 | €174,136 | €171,676 | -€2,460 | -1.4% |
| Taxes | 450/3 | €39,322 | €40,855 | +€1,533 | +3.9% |
| Remuneration and social security | 454/9 | €134,814 | €130,821 | -€3,993 | -3.0% |
| Other amounts payable | 47/48 | €251,839 | €260,339 | +€8,500 | +3.4% |
| Accrued charges and deferred income | 492/3 | €24,283 | €514 | -€23,769 | -97.9% |
| Remuneration, social security and pensions | 62 | €1,485,801 | €1,294,164 | -€191,637 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,597 | €126,010 | -€4,587 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,117 | +€11,117 | |
| Other operating charges | 640/8 | €1,125 | €1,287 | +€162 | +14.4% |
| Non-recurring operating charges | 66A | €8,274 | €8,744 | +€471 | +5.7% |
| Gross operating margin | 9900 | €1,614,246 | €1,496,480 | -€117,766 | -7.3% |
| Operating profit (loss) | 9901 | -€11,550 | €55,158 | +€66,709 | |
| Financial income | 75/76B | €2,657 | €2,652 | -€5 | -0.2% |
| Recurring financial income | 75 | €2,657 | €2,652 | -€5 | -0.2% |
| Financial charges | 65/66B | €21,308 | €21,525 | +€217 | +1.0% |
| Recurring financial charges | 65 | €21,308 | €21,525 | +€217 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,201 | €36,286 | +€66,486 | |
| Income taxes | 67/77 | €14,143 | €28,918 | +€14,775 | +104% |
| Profit (loss) for the period | 9904 | -€44,344 | €7,368 | +€51,712 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,344 | €7,368 | +€51,712 |
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 23 October 2026 via checked.be.