ETHNOA: 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.
ETHNOA
Largest movements
- Cash -€44,769
down €44,769 (-17.1%), from €261,714 to €216,945
mainly Stocks and contracts (-€23,300) and Debts after one year (-€12,817)
- Stocks and contracts +€23,300
new in 2024: €23,300
- Tangible fixed assets -€10,020
down €10,020 (-30.8%), from €32,577 to €22,556
of which Furniture and vehicles: -€6,100
- Receivables within one year -€6,074
down €6,074 (-98.0%), from €6,197 to €123
- Debts after one year -€12,817
down €12,817 (-45.0%), from €28,475 to €15,658
of which Financial debts: -€7,817
- Trade debts -€9,895
down €9,895 (-40.4%), from €24,510 to €14,615
- Other debts -€4,393
down €4,393 (-96.7%), from €4,544 to €151
- Tax, wage and social debts -€3,896
down €3,896 (-9.4%), from €41,297 to €37,401
of which Taxes: -€4,939
- Reserves -€3,860
down €3,860 (-2.1%), from €182,309 to €178,449
of which Distributable reserves: -€2,000
- Gross operating margin -€34,728
down €34,728 (-48.4%), from €71,708 to €36,980
- Taxes -€16,273
down €16,273 (-76.8%), from €21,186 to €4,913
- Depreciation -€787
down €787 (-7.3%), from €10,808 to €10,020
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,922 | €266,491 | -€35,431 | -11.7% |
| Fixed assets | 21/28 | €32,607 | €22,586 | -€10,020 | -30.7% |
| Tangible fixed assets | 22/27 | €32,577 | €22,556 | -€10,020 | -30.8% |
| Plant, machinery and equipment | 23 | €3,777 | €2,404 | -€1,373 | -36.4% |
| Furniture and vehicles | 24 | €18,283 | €12,183 | -€6,100 | -33.4% |
| Other tangible fixed assets | 26 | €10,517 | €7,969 | -€2,548 | -24.2% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €269,316 | €243,905 | -€25,411 | -9.4% |
| Stocks and contracts in progress | 3 | - | €23,300 | +€23,300 | |
| Stocks | 30/36 | - | €23,300 | +€23,300 | |
| Amounts receivable within one year | 40/41 | €6,197 | €123 | -€6,074 | -98.0% |
| Other amounts receivable | 41 | €6,197 | €123 | -€6,074 | -98.0% |
| Cash at bank and in hand | 54/58 | €261,714 | €216,945 | -€44,769 | -17.1% |
| Deferred charges and accrued income | 490/1 | €1,405 | €3,537 | +€2,133 | +152% |
| Total equity and liabilities | 10/49 | €301,922 | €266,491 | -€35,431 | -11.7% |
| Equity | 10/15 | €194,709 | €190,849 | -€3,860 | -2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €182,309 | €178,449 | -€3,860 | -2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €180,449 | €178,449 | -€2,000 | -1.1% |
| Amounts payable | 17/49 | €107,214 | €75,642 | -€31,571 | -29.4% |
| Amounts payable after more than one year | 17 | €28,475 | €15,658 | -€12,817 | -45.0% |
| Financial debts | 170/4 | €8,475 | €658 | -€7,817 | -92.2% |
| Other amounts payable | 178/9 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Amounts payable within one year | 42/48 | €76,055 | €59,985 | -€16,070 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €5,704 | €7,817 | +€2,113 | +37.0% |
| Trade debts | 44 | €24,510 | €14,615 | -€9,895 | -40.4% |
| Suppliers | 440/4 | €24,510 | €14,615 | -€9,895 | -40.4% |
| Taxes, remuneration and social security | 45 | €41,297 | €37,401 | -€3,896 | -9.4% |
| Taxes | 450/3 | €38,457 | €33,518 | -€4,939 | -12.8% |
| Remuneration and social security | 454/9 | €2,841 | €3,884 | +€1,043 | +36.7% |
| Other amounts payable | 47/48 | €4,544 | €151 | -€4,393 | -96.7% |
| Accrued charges and deferred income | 492/3 | €2,684 | €0 | -€2,684 | -100% |
| Remuneration, social security and pensions | 62 | €22,255 | €22,818 | +€563 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,808 | €10,020 | -€787 | -7.3% |
| Other operating charges | 640/8 | €475 | €911 | +€436 | +91.9% |
| Gross operating margin | 9900 | €71,708 | €36,980 | -€34,728 | -48.4% |
| Operating profit (loss) | 9901 | €38,171 | €3,231 | -€34,940 | -91.5% |
| Financial income | 75/76B | - | €618 | +€618 | |
| Recurring financial income | 75 | - | €618 | +€618 | |
| Financial charges | 65/66B | €2,781 | €2,796 | +€15 | +0.5% |
| Recurring financial charges | 65 | €2,781 | €2,796 | +€15 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €35,390 | €1,053 | -€34,337 | -97.0% |
| Income taxes | 67/77 | €21,186 | €4,913 | -€16,273 | -76.8% |
| Profit (loss) for the period | 9904 | €14,204 | -€3,860 | -€18,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,204 | -€3,860 | -€18,064 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.