ETEX BUILDING PERFORMANCE: what changed
What changed
ETEX BUILDING PERFORMANCE
NACE 23.610, Manufacture of other non-metallic mineral products
filed annual accounts (NBB)
Net result for the year
€13.6m
2024 · €87.8m-€74.2m
Equity
€136.6m
2024 · €123.0m+€13.6m
Cash
-
not filed
Balance sheet total
€296.3m
2024 · €292.8m+€3.4m
Largest movements
Assets
- Tangible fixed assets +€5.2m
up €5.2m (+14.3%), from €36.2m to €41.4m
of which Plant, machinery and equipment: +€8.8m
Equity and liabilities
- Reserves +€13.6m
up €13.6m (+12.0%), from €113.1m to €126.7m
of which Distributable reserves: +€12.6m
- Other debts -€9.8m
down €9.8m (-92.7%), from €10.6m to €770,795
Income statement
- Financial income -€57.5m
down €57.5m (-67.1%), from €85.7m to €28.2m
of which Financial income: -€30.1m
- Financial charges +€18.2m
up €18.2m (+200%), from €9.1m to €27.3m
of which Non-recurring financial charges: +€20.0m
- Services and other goods -€13.4m
down €13.4m (-20.7%), from €64.9m to €51.5m
- Other operating income -€5.3m
down €5.3m (-23.3%), from €22.9m to €17.6m
- Turnover +€5.0m
up €5.0m (+3.6%), from €140.4m to €145.4m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€87.8m
Turnover
+€5.0m
Other operating income
-€5.3m
Goods and materials
-€1.2m
Services and other goods
+€13.4m
Staff costs
-€367,911
Depreciation
-€377,874
Write-downs
-€115,952
Provisions
-€373,888
Other operating charges
+€27,283
Other operating items
-€8.1m
Financial income
-€57.5m
Financial charges
-€18.2m
Taxes
-€1.0m
Result 2025
€13.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,826,199 | €296,269,308 | +€3.4m | +1.2% |
| Fixed assets | 21/28 | €240,587,198 | €245,248,301 | +€4.7m | +1.9% |
| Intangible fixed assets | 21 | €216,000 | €133,109 | -€82,891 | -38.4% |
| Tangible fixed assets | 22/27 | €36,227,612 | €41,398,611 | +€5.2m | +14.3% |
| Plant, machinery and equipment | 23 | €27,620,688 | €36,404,835 | +€8.8m | +31.8% |
| Furniture and vehicles | 24 | €458,540 | €510,447 | +€51,907 | +11.3% |
| Other tangible fixed assets | 26 | €1,789,983 | €1,467,435 | -€322,548 | -18.0% |
| Assets under construction and advance payments | 27 | €6,358,401 | €3,015,894 | -€3.3m | -52.6% |
| Financial fixed assets | 28 | €204,143,586 | €203,716,581 | -€427,005 | -0.2% |
| Affiliated companies | 280/1 | €203,923,913 | €203,496,908 | -€427,005 | -0.2% |
| Participating interests | 280 | €203,923,913 | €203,496,908 | -€427,005 | -0.2% |
| Companies linked by participating interests | 282/3 | €219,673 | €219,673 | = | 0.0% |
| Participating interests | 282 | €219,673 | €219,673 | = | 0.0% |
| Current assets | 29/58 | €52,239,001 | €51,021,007 | -€1.2m | -2.3% |
| Stocks and contracts in progress | 3 | €22,389,408 | €20,305,040 | -€2.1m | -9.3% |
| Stocks | 30/36 | €22,310,440 | €20,226,072 | -€2.1m | -9.3% |
| Raw materials and consumables | 30/31 | €1,235,471 | €1,521,178 | +€285,707 | +23.1% |
| Work in progress | 32 | €210,456 | €308,947 | +€98,491 | +46.8% |
| Finished goods | 33 | €14,625,405 | €11,206,214 | -€3.4m | -23.4% |
| Goods purchased for resale | 34 | €5,776,049 | €7,131,169 | +€1.4m | +23.5% |
| Advance payments | 36 | €463,059 | €58,564 | -€404,495 | -87.4% |
| Contracts in progress | 37 | €78,968 | €78,968 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,769,070 | €30,680,594 | +€911,524 | +3.1% |
| Trade receivables | 40 | €10,206,388 | €11,057,374 | +€850,986 | +8.3% |
| Other amounts receivable | 41 | €19,562,682 | €19,623,220 | +€60,538 | +0.3% |
| Deferred charges and accrued income | 490/1 | €80,523 | €35,373 | -€45,150 | -56.1% |
| Total equity and liabilities | 10/49 | €292,826,199 | €296,269,308 | +€3.4m | +1.2% |
| Equity | 10/15 | €122,982,561 | €136,582,016 | +€13.6m | +11.1% |
| Contributions | 10/11 | €9,927,000 | €9,927,000 | = | 0.0% |
| Capital | 10 | €9,927,000 | €9,927,000 | = | 0.0% |
| Issued capital | 100 | €9,927,000 | €9,927,000 | = | 0.0% |
| Reserves | 13 | €113,055,561 | €126,655,016 | +€13.6m | +12.0% |
| Non-distributable reserves | 130/1 | €992,700 | €992,700 | = | 0.0% |
| Legal reserve | 130 | €992,700 | €992,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,732,404 | €2,730,174 | +€997,770 | +57.6% |
| Distributable reserves | 133 | €110,330,457 | €122,932,142 | +€12.6m | +11.4% |
| Provisions and deferred taxes | 16 | €951,978 | €1,191,198 | +€239,220 | +25.1% |
| Provisions for liabilities and charges | 160/5 | €951,978 | €1,191,198 | +€239,220 | +25.1% |
| Pensions and similar obligations | 160 | €671,391 | €1,028,070 | +€356,679 | +53.1% |
| Other liabilities and charges | 164/5 | €280,587 | €163,128 | -€117,459 | -41.9% |
| Amounts payable | 17/49 | €168,891,660 | €158,496,094 | -€10.4m | -6.2% |
| Amounts payable after more than one year | 17 | €125,000,000 | €125,000,000 | = | 0.0% |
| Financial debts | 170/4 | €125,000,000 | €125,000,000 | = | 0.0% |
| Other loans | 174 | €125,000,000 | €125,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,893,440 | €32,446,157 | -€10.4m | -24.4% |
| Financial debts | 43 | €1,899,404 | €221,192 | -€1.7m | -88.4% |
| Other loans | 439 | €1,899,404 | €221,192 | -€1.7m | -88.4% |
| Trade debts | 44 | €24,125,204 | €25,549,307 | +€1.4m | +5.9% |
| Suppliers | 440/4 | €24,125,204 | €25,549,307 | +€1.4m | +5.9% |
| Advances received on contracts in progress | 46 | - | €209,000 | +€209,000 | |
| Taxes, remuneration and social security | 45 | €6,270,991 | €5,695,863 | -€575,128 | -9.2% |
| Taxes | 450/3 | €1,327,607 | €892,795 | -€434,812 | -32.8% |
| Remuneration and social security | 454/9 | €4,943,384 | €4,803,068 | -€140,316 | -2.8% |
| Other amounts payable | 47/48 | €10,597,841 | €770,795 | -€9.8m | -92.7% |
| Accrued charges and deferred income | 492/3 | €998,220 | €1,049,937 | +€51,717 | +5.2% |
| Operating income | 70/76A | €168,191,768 | €159,754,146 | -€8.4m | -5.0% |
| Turnover | 70 | €140,419,717 | €145,432,014 | +€5.0m | +3.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €4,783,387 | -€3,251,022 | -€8.0m | |
| Own construction capitalised | 72 | €88,636 | €10,587 | -€78,049 | -88.1% |
| Other operating income | 74 | €22,900,028 | €17,562,567 | -€5.3m | -23.3% |
| Operating charges | 60/66A | €156,626,423 | €145,641,016 | -€11.0m | -7.0% |
| Goods for resale, raw materials and consumables | 60 | €61,031,516 | €62,261,845 | +€1.2m | +2.0% |
| Purchases | 600/8 | €61,687,404 | €63,968,670 | +€2.3m | +3.7% |
| Change in stocks: decrease (increase) | 609 | -€655,888 | -€1,706,825 | -€1.1m | -160% |
| Services and other goods | 61 | €64,944,657 | €51,520,579 | -€13.4m | -20.7% |
| Remuneration, social security and pensions | 62 | €28,119,448 | €28,487,359 | +€367,911 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,503,501 | €2,881,375 | +€377,874 | +15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,724 | €135,676 | +€115,952 | +588% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€134,668 | €239,220 | +€373,888 | |
| Other operating charges | 640/8 | €142,245 | €114,962 | -€27,283 | -19.2% |
| Operating profit (loss) | 9901 | €11,565,345 | €14,113,130 | +€2.5m | +22.0% |
| Financial income | 75/76B | €85,681,159 | €28,191,311 | -€57.5m | -67.1% |
| Recurring financial income | 75 | €43,421,102 | €13,286,052 | -€30.1m | -69.4% |
| Income from financial fixed assets | 750 | €42,654,794 | €12,891,795 | -€29.8m | -69.8% |
| Income from current assets | 751 | €693,968 | €305,080 | -€388,888 | -56.0% |
| Other financial income | 752/9 | €72,340 | €89,177 | +€16,837 | +23.3% |
| Non-recurring financial income | 76B | €42,260,057 | €14,905,259 | -€27.4m | -64.7% |
| Financial charges | 65/66B | €9,086,416 | €27,270,802 | +€18.2m | +200% |
| Recurring financial charges | 65 | €9,086,416 | €7,270,802 | -€1.8m | -20.0% |
| Debt charges | 650 | €8,639,687 | €6,804,362 | -€1.8m | -21.2% |
| Other financial charges | 652/9 | €446,729 | €466,440 | +€19,711 | +4.4% |
| Non-recurring financial charges | 66B | - | €20,000,000 | +€20.0m | |
| Profit (loss) for the period before taxes | 9903 | €88,160,088 | €15,033,639 | -€73.1m | -82.9% |
| Income taxes | 67/77 | €399,829 | €1,434,184 | +€1.0m | +259% |
| Taxes | 670/3 | €420,000 | €1,934,184 | +€1.5m | +361% |
| Tax adjustments and reversals of tax provisions | 77 | €20,171 | €500,000 | +€479,829 | +2,379% |
| Profit (loss) for the period | 9904 | €87,760,259 | €13,599,455 | -€74.2m | -84.5% |
| Transfer to tax-exempt reserves | 689 | - | €997,770 | +€997,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,760,259 | €12,601,685 | -€75.2m | -85.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.