Etex New Ways: 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
Etex New Ways
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€81.7m
2024 · -€55.7m-€26.0m
Equity
€49.4m
2024 · €131.1m-€81.7m
Cash
-
not filed
Balance sheet total
€56.6m
2024 · €133.4m-€76.7m
Largest movements
Assets
- Financial fixed assets -€75.2m
down €75.2m (-57.6%), from €130.5m to €55.3m
- Receivables within one year -€1.5m
down €1.5m (-53.5%), from €2.8m to €1.3m
of which Other amounts receivable: -€2.5m
Equity and liabilities
- Profit (loss) carried forward -€81.7m
down €81.7m (-124%), from -€66.0m to -€147.7m
- Short-term financial debts +€5.4m
new in 2025: €5.4m
Income statement
- Financial charges +€24.0m
up €24.0m (+44.8%), from €53.5m to €77.4m
of which Non-recurring financial charges: +€53.3m
- Write-downs +€1.4m
no longer reported in 2025 (was -€1.4m)
- Services and other goods +€1.4m
up €1.4m (+44.0%), from €3.3m to €4.7m
- Staff costs -€1.4m
down €1.4m (-55.9%), from €2.5m to €1.1m
- Turnover -€796,449
down €796,449 (-53.9%), from €1.5m to €681,631
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
-€55.7m
Turnover
-€796,449
Other operating income
+€151,587
Goods and materials
-€202,150
Services and other goods
-€1.4m
Staff costs
+€1.4m
Depreciation
-€1,112
Write-downs
-€1.4m
Provisions
+€547,515
Other operating charges
-€50,535
Financial income
-€225,402
Financial charges
-€24.0m
Taxes
-€163
Result 2025
-€81.7m
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,355,363 | €56,615,418 | -€76.7m | -57.5% |
| Fixed assets | 21/28 | €130,516,903 | €55,305,821 | -€75.2m | -57.6% |
| Tangible fixed assets | 22/27 | - | €4,447 | +€4,447 | |
| Furniture and vehicles | 24 | - | €4,447 | +€4,447 | |
| Financial fixed assets | 28 | €130,516,903 | €55,301,374 | -€75.2m | -57.6% |
| Affiliated companies | 280/1 | €130,516,903 | €55,301,374 | -€75.2m | -57.6% |
| Participating interests | 280 | €130,516,903 | €55,301,374 | -€75.2m | -57.6% |
| Current assets | 29/58 | €2,838,460 | €1,309,597 | -€1.5m | -53.9% |
| Amounts receivable within one year | 40/41 | €2,810,979 | €1,307,061 | -€1.5m | -53.5% |
| Trade receivables | 40 | €350,039 | €1,305,276 | +€955,237 | +273% |
| Other amounts receivable | 41 | €2,460,940 | €1,785 | -€2.5m | -99.9% |
| Deferred charges and accrued income | 490/1 | €27,481 | €2,536 | -€24,945 | -90.8% |
| Total equity and liabilities | 10/49 | €133,355,363 | €56,615,418 | -€76.7m | -57.5% |
| Equity | 10/15 | €131,116,155 | €49,416,352 | -€81.7m | -62.3% |
| Contributions | 10/11 | €196,990,237 | €196,990,237 | = | 0.0% |
| Capital | 10 | €196,990,237 | €196,990,237 | = | 0.0% |
| Issued capital | 100 | €197,085,237 | €197,085,237 | = | 0.0% |
| Uncalled capital | 101 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €117,448 | €117,448 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,948 | €79,948 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,991,530 | -€147,691,333 | -€81.7m | -124% |
| Provisions and deferred taxes | 16 | €1,091,233 | €107,019 | -€984,214 | -90.2% |
| Provisions for liabilities and charges | 160/5 | €1,091,233 | €107,019 | -€984,214 | -90.2% |
| Other liabilities and charges | 164/5 | €1,091,233 | €107,019 | -€984,214 | -90.2% |
| Amounts payable | 17/49 | €1,147,975 | €7,092,047 | +€5.9m | +518% |
| Amounts payable within one year | 42/48 | €1,140,980 | €6,296,464 | +€5.2m | +452% |
| Financial debts | 43 | - | €5,411,954 | +€5.4m | |
| Other loans | 439 | - | €5,411,954 | +€5.4m | |
| Trade debts | 44 | €390,999 | €669,521 | +€278,522 | +71.2% |
| Suppliers | 440/4 | €390,999 | €669,521 | +€278,522 | +71.2% |
| Taxes, remuneration and social security | 45 | €748,495 | €213,476 | -€535,019 | -71.5% |
| Taxes | 450/3 | €70,012 | €42,393 | -€27,619 | -39.4% |
| Remuneration and social security | 454/9 | €678,483 | €171,083 | -€507,400 | -74.8% |
| Other amounts payable | 47/48 | €1,486 | €1,513 | +€27 | +1.8% |
| Accrued charges and deferred income | 492/3 | €6,995 | €795,583 | +€788,588 | +11,274% |
| Operating income | 70/76A | €1,804,477 | €1,159,615 | -€644,862 | -35.7% |
| Turnover | 70 | €1,478,080 | €681,631 | -€796,449 | -53.9% |
| Other operating income | 74 | €326,397 | €477,984 | +€151,587 | +46.4% |
| Operating charges | 60/66A | €4,245,517 | €5,420,692 | +€1.2m | +27.7% |
| Goods for resale, raw materials and consumables | 60 | €285,658 | €487,808 | +€202,150 | +70.8% |
| Purchases | 600/8 | €285,658 | €487,808 | +€202,150 | +70.8% |
| Services and other goods | 61 | €3,264,199 | €4,699,199 | +€1.4m | +44.0% |
| Remuneration, social security and pensions | 62 | €2,522,661 | €1,112,095 | -€1.4m | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,112 | +€1,112 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,444,459 | - | +€1.4m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€382,542 | -€930,057 | -€547,515 | -143% |
| Other operating charges | 640/8 | - | €50,535 | +€50,535 | |
| Operating profit (loss) | 9901 | -€2,441,040 | -€4,261,077 | -€1.8m | -74.6% |
| Financial income | 75/76B | €227,825 | €2,423 | -€225,402 | -98.9% |
| Recurring financial income | 75 | €227,825 | €2,423 | -€225,402 | -98.9% |
| Income from current assets | 751 | €2,140 | - | -€2,140 | |
| Other financial income | 752/9 | €225,685 | €2,423 | -€223,262 | -98.9% |
| Financial charges | 65/66B | €53,482,279 | €77,440,986 | +€24.0m | +44.8% |
| Recurring financial charges | 65 | €29,382,279 | €41,062 | -€29.3m | -99.9% |
| Debt charges | 650 | €3,814,444 | €39,297 | -€3.8m | -99.0% |
| Other financial charges | 652/9 | €25,567,835 | €1,765 | -€25.6m | -100.0% |
| Non-recurring financial charges | 66B | €24,100,000 | €77,399,924 | +€53.3m | +221% |
| Profit (loss) for the period before taxes | 9903 | -€55,695,494 | -€81,699,640 | -€26.0m | -46.7% |
| Income taxes | 67/77 | - | €163 | +€163 | |
| Taxes | 670/3 | - | €163 | +€163 | |
| Profit (loss) for the period | 9904 | -€55,695,494 | -€81,699,803 | -€26.0m | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,695,494 | -€81,699,803 | -€26.0m | -46.7% |
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 31 October 2026 via checked.be.