ETF-Invest: what changed
ETF-Invest
Largest movements
- Stocks and contracts -€188,455
no longer reported in 2025 (was €188,455)
- Receivables within one year +€1,932
new in 2025: €1,932
- Current portion of long-term debt -€115,547
no longer reported in 2025 (was €115,547)
- Other debts -€63,980
down €63,980 (-84.5%), from €75,730 to €11,750
- Profit (loss) carried forward -€6,175
down €6,175 (-64.1%), from -€9,630 to -€15,805
- Financial income +€9,176
new in 2025: €9,176
- Gross operating margin -€5,532
down €5,532 (-468%), from -€1,181 to -€6,713
- Other operating charges +€318
up €318 (+51.3%), from €620 to €938
- Depreciation -€210
down €210 (-29.5%), from €713 to €503
- Financial charges +€81
up €81 (+1.1%), from €7,116 to €7,197
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.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,051 | €5,945 | -€186,106 | -96.9% |
| Formation expenses | 20 | €797 | €294 | -€503 | -63.1% |
| Current assets | 29/58 | €191,254 | €5,651 | -€185,603 | -97.0% |
| Stocks and contracts in progress | 3 | €188,455 | - | -€188,455 | |
| Stocks | 30/36 | €188,455 | - | -€188,455 | |
| Amounts receivable within one year | 40/41 | - | €1,932 | +€1,932 | |
| Other amounts receivable | 41 | - | €1,932 | +€1,932 | |
| Cash at bank and in hand | 54/58 | €2,799 | €3,719 | +€920 | +32.9% |
| Total equity and liabilities | 10/49 | €192,051 | €5,945 | -€186,106 | -96.9% |
| Equity | 10/15 | €370 | -€5,805 | -€6,175 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,630 | -€15,805 | -€6,175 | -64.1% |
| Amounts payable | 17/49 | €191,681 | €11,750 | -€179,931 | -93.9% |
| Amounts payable within one year | 42/48 | €191,681 | €11,750 | -€179,931 | -93.9% |
| Current portion of amounts payable after more than one year | 42 | €115,547 | - | -€115,547 | |
| Trade debts | 44 | €404 | - | -€404 | |
| Suppliers | 440/4 | €404 | - | -€404 | |
| Other amounts payable | 47/48 | €75,730 | €11,750 | -€63,980 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €503 | -€210 | -29.5% |
| Other operating charges | 640/8 | €620 | €938 | +€318 | +51.3% |
| Gross operating margin | 9900 | -€1,181 | -€6,713 | -€5,532 | -468% |
| Operating profit (loss) | 9901 | -€2,514 | -€8,154 | -€5,640 | -224% |
| Financial income | 75/76B | - | €9,176 | +€9,176 | |
| Recurring financial income | 75 | - | €9,176 | +€9,176 | |
| Financial charges | 65/66B | €7,116 | €7,197 | +€81 | +1.1% |
| Recurring financial charges | 65 | €7,116 | €7,197 | +€81 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,630 | -€6,175 | +€3,455 | +35.9% |
| Profit (loss) for the period | 9904 | -€9,630 | -€6,175 | +€3,455 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,630 | -€6,175 | +€3,455 | +35.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.