ETEC SYSTEMS: 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.
ETEC SYSTEMS
Largest movements
- Receivables within one year +€29,179
up €29,179 (+69.8%), from €41,802 to €70,981
of which Trade receivables: +€26,439
- Tangible fixed assets -€7,218
down €7,218 (-5.2%), from €139,220 to €132,002
of which Land and buildings: -€7,146
- Cash -€2,862
down €2,862 (-20.3%), from €14,083 to €11,221
mainly Receivables within one year (-€29,179) and Debts after one year (-€9,226)
- Current portion of long-term debt +€18,486
up €18,486 (+203.9%), from €9,069 to €27,555
- Debts after one year -€9,226
down €9,226 (-16.7%), from €55,288 to €46,061
- Trade debts +€5,583
up €5,583 (+16.9%), from €33,016 to €38,600
- Reserves +€3,222
up €3,222 (+7.8%), from €41,230 to €44,452
- Gross operating margin -€47,990
down €47,990 (-66.2%), from €72,484 to €24,494
- Taxes -€14,810
down €14,810 (-78.5%), from €18,877 to €4,067
- Depreciation +€2,075
up €2,075 (+19.5%), from €10,630 to €12,705
- Financial charges -€1,484
down €1,484 (-41.6%), from €3,568 to €2,084
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 | €195,104 | €214,204 | +€19,100 | +9.8% |
| Fixed assets | 21/28 | €139,220 | €132,002 | -€7,218 | -5.2% |
| Tangible fixed assets | 22/27 | €139,220 | €132,002 | -€7,218 | -5.2% |
| Land and buildings | 22 | €126,083 | €118,937 | -€7,146 | -5.7% |
| Plant, machinery and equipment | 23 | €752 | €2,940 | +€2,187 | +290.8% |
| Furniture and vehicles | 24 | €12,385 | €10,126 | -€2,259 | -18.2% |
| Current assets | 29/58 | €55,885 | €82,202 | +€26,318 | +47.1% |
| Amounts receivable within one year | 40/41 | €41,802 | €70,981 | +€29,179 | +69.8% |
| Trade receivables | 40 | €38,099 | €64,539 | +€26,439 | +69.4% |
| Other amounts receivable | 41 | €3,703 | €6,443 | +€2,740 | +74.0% |
| Cash at bank and in hand | 54/58 | €14,083 | €11,221 | -€2,862 | -20.3% |
| Total equity and liabilities | 10/49 | €195,104 | €214,204 | +€19,100 | +9.8% |
| Equity | 10/15 | €77,530 | €80,752 | +€3,222 | +4.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Revaluation surpluses | 12 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €41,230 | €44,452 | +€3,222 | +7.8% |
| Distributable reserves | 133 | €41,230 | €44,452 | +€3,222 | +7.8% |
| Amounts payable | 17/49 | €117,574 | €133,453 | +€15,878 | +13.5% |
| Amounts payable after more than one year | 17 | €55,288 | €46,061 | -€9,226 | -16.7% |
| Financial debts | 170/4 | €55,288 | €46,061 | -€9,226 | -16.7% |
| Amounts payable within one year | 42/48 | €62,287 | €87,391 | +€25,104 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €9,069 | €27,555 | +€18,486 | +203.9% |
| Trade debts | 44 | €33,016 | €38,600 | +€5,583 | +16.9% |
| Suppliers | 440/4 | €33,016 | €38,600 | +€5,583 | +16.9% |
| Taxes, remuneration and social security | 45 | €20,202 | €21,237 | +€1,035 | +5.1% |
| Taxes | 450/3 | €20,202 | €21,237 | +€1,035 | +5.1% |
| Non-recurring operating income | 76A | €771 | €0 | -€771 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,630 | €12,705 | +€2,075 | +19.5% |
| Other operating charges | 640/8 | €2,052 | €2,628 | +€576 | +28.1% |
| Gross operating margin | 9900 | €72,484 | €24,494 | -€47,990 | -66.2% |
| Operating profit (loss) | 9901 | €59,801 | €9,161 | -€50,641 | -84.7% |
| Financial income | 75/76B | - | €212 | +€212 | |
| Recurring financial income | 75 | - | €212 | +€212 | |
| Financial charges | 65/66B | €3,568 | €2,084 | -€1,484 | -41.6% |
| Recurring financial charges | 65 | €3,568 | €2,084 | -€1,484 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €56,234 | €7,289 | -€48,945 | -87.0% |
| Income taxes | 67/77 | €18,877 | €4,067 | -€14,810 | -78.5% |
| Profit (loss) for the period | 9904 | €37,356 | €3,222 | -€34,134 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,356 | €3,222 | -€34,134 | -91.4% |
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 11 October 2026 via checked.be.