Eteq Solutions: 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.
Eteq Solutions
Largest movements
- Cash +€36,603
up €36,603 (+87.4%), from €41,903 to €78,507
mainly Net result for the year (+€32,061) and Depreciation (+€14,181)
- Receivables within one year -€7,303
down €7,303 (-48.4%), from €15,082 to €7,780
of which Trade receivables: -€4,897
- Tangible fixed assets -€7,000
down €7,000 (-17.7%), from €39,558 to €32,558
of which Plant, machinery and equipment: -€4,185
- Stocks and contracts +€4,879
up €4,879 (+5.7%), from €85,325 to €90,204
- Reserves +€32,061
up €32,061 (+54.6%), from €58,740 to €90,801
- Other debts -€8,492
down €8,492 (-21.2%), from €40,147 to €31,655
- Debts after one year -€4,593
down €4,593 (-25.9%), from €17,763 to €13,171
- Tax, wage and social debts +€4,319
up €4,319 (+25.0%), from €17,294 to €21,613
of which Remuneration and social security: +€7,009
- Trade debts +€3,843
up €3,843 (+458%), from €840 to €4,682
- Gross operating margin +€35,072
up €35,072 (+112%), from €31,277 to €66,348
- Taxes +€12,368
up €12,368 (+378%), from €3,274 to €15,642
- Financial charges -€2,892
down €2,892 (-72.0%), from €4,015 to €1,124
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 | €183,657 | €210,897 | +€27,239 | +14.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €39,558 | €32,558 | -€7,000 | -17.7% |
| Tangible fixed assets | 22/27 | €39,558 | €32,558 | -€7,000 | -17.7% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €17,299 | €13,113 | -€4,185 | -24.2% |
| Furniture and vehicles | 24 | €4,028 | €1,466 | -€2,562 | -63.6% |
| Other tangible fixed assets | 26 | €18,231 | €17,978 | -€253 | -1.4% |
| Current assets | 29/58 | €144,100 | €178,339 | +€34,239 | +23.8% |
| Stocks and contracts in progress | 3 | €85,325 | €90,204 | +€4,879 | +5.7% |
| Stocks | 30/36 | €85,325 | €90,204 | +€4,879 | +5.7% |
| Amounts receivable within one year | 40/41 | €15,082 | €7,780 | -€7,303 | -48.4% |
| Trade receivables | 40 | €12,569 | €7,671 | -€4,897 | -39.0% |
| Other amounts receivable | 41 | €2,514 | €109 | -€2,405 | -95.7% |
| Cash at bank and in hand | 54/58 | €41,903 | €78,507 | +€36,603 | +87.4% |
| Deferred charges and accrued income | 490/1 | €1,789 | €1,849 | +€60 | +3.3% |
| Total equity and liabilities | 10/49 | €183,657 | €210,897 | +€27,239 | +14.8% |
| Equity | 10/15 | €103,122 | €135,183 | +€32,061 | +31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,740 | €90,801 | +€32,061 | +54.6% |
| Distributable reserves | 133 | €58,740 | €90,801 | +€32,061 | +54.6% |
| Profit (loss) carried forward | 14 | €25,782 | €25,782 | = | 0.0% |
| Amounts payable | 17/49 | €80,535 | €75,714 | -€4,822 | -6.0% |
| Amounts payable after more than one year | 17 | €17,763 | €13,171 | -€4,593 | -25.9% |
| Financial debts | 170/4 | €17,763 | €13,171 | -€4,593 | -25.9% |
| Amounts payable within one year | 42/48 | €62,772 | €62,543 | -€229 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €4,492 | €4,593 | +€101 | +2.3% |
| Trade debts | 44 | €840 | €4,682 | +€3,843 | +458% |
| Suppliers | 440/4 | €840 | €4,682 | +€3,843 | +458% |
| Taxes, remuneration and social security | 45 | €17,294 | €21,613 | +€4,319 | +25.0% |
| Taxes | 450/3 | €14,620 | €11,930 | -€2,689 | -18.4% |
| Remuneration and social security | 454/9 | €2,674 | €9,683 | +€7,009 | +262% |
| Other amounts payable | 47/48 | €40,147 | €31,655 | -€8,492 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,240 | €14,181 | -€59 | -0.4% |
| Other operating charges | 640/8 | €2,850 | €3,496 | +€645 | +22.6% |
| Gross operating margin | 9900 | €31,277 | €66,348 | +€35,072 | +112% |
| Operating profit (loss) | 9901 | €14,187 | €48,671 | +€34,485 | +243% |
| Financial income | 75/76B | €271 | €155 | -€116 | -42.7% |
| Recurring financial income | 75 | €271 | €155 | -€116 | -42.7% |
| Financial charges | 65/66B | €4,015 | €1,124 | -€2,892 | -72.0% |
| Recurring financial charges | 65 | €4,015 | €1,124 | -€2,892 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €10,443 | €47,703 | +€37,261 | +357% |
| Income taxes | 67/77 | €3,274 | €15,642 | +€12,368 | +378% |
| Profit (loss) for the period | 9904 | €7,169 | €32,061 | +€24,892 | +347% |
| Profit (loss) for the period to be appropriated | 9905 | €7,169 | €32,061 | +€24,892 | +347% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.