ETI-GO: 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.
ETI-GO
Largest movements
- Receivables within one year -€14,739
down €14,739 (-97.4%), from €15,131 to €392
- Cash +€1,336
up €1,336 (+42.8%), from €3,119 to €4,455
mainly Receivables within one year (+€14,739) and Depreciation (+€1,049)
- Tangible fixed assets -€830
down €830 (-43.8%), from €1,893 to €1,063
of which Other tangible fixed assets: -€505
- Formation expenses -€283
down €283 (-25.2%), from €1,125 to €842
- Trade debts -€6,161
down €6,161 (-76.4%), from €8,069 to €1,908
- Profit (loss) carried forward -€3,935
down €3,935 (-65.3%), from -€6,029 to -€9,964
- Tax, wage and social debts -€2,808
down €2,808 (-76.8%), from €3,654 to €846
- Other debts -€1,753
down €1,753 (-22.9%), from €7,654 to €5,901
- Gross operating margin +€4,472
up €4,472 (+73.0%), from -€6,127 to -€1,655
- Other operating charges +€672
up €672 (+153%), from €439 to €1,111
- Taxes -€135
no longer reported in 2025 (was €135)
- Financial charges -€62
down €62 (-52.2%), from €118 to €57
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 | €21,408 | €6,752 | -€14,657 | -68.5% |
| Formation expenses | 20 | €1,125 | €842 | -€283 | -25.2% |
| Fixed assets | 21/28 | €1,893 | €1,063 | -€830 | -43.8% |
| Tangible fixed assets | 22/27 | €1,893 | €1,063 | -€830 | -43.8% |
| Plant, machinery and equipment | 23 | €601 | €275 | -€325 | -54.2% |
| Other tangible fixed assets | 26 | €1,293 | €788 | -€505 | -39.0% |
| Current assets | 29/58 | €18,390 | €4,847 | -€13,544 | -73.6% |
| Amounts receivable within one year | 40/41 | €15,131 | €392 | -€14,739 | -97.4% |
| Trade receivables | 40 | €15,131 | €392 | -€14,739 | -97.4% |
| Cash at bank and in hand | 54/58 | €3,119 | €4,455 | +€1,336 | +42.8% |
| Deferred charges and accrued income | 490/1 | €140 | - | -€140 | |
| Total equity and liabilities | 10/49 | €21,408 | €6,752 | -€14,657 | -68.5% |
| Equity | 10/15 | €2,031 | -€1,904 | -€3,935 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,029 | -€9,964 | -€3,935 | -65.3% |
| Amounts payable | 17/49 | €19,377 | €8,656 | -€10,721 | -55.3% |
| Amounts payable within one year | 42/48 | €19,377 | €8,656 | -€10,721 | -55.3% |
| Trade debts | 44 | €8,069 | €1,908 | -€6,161 | -76.4% |
| Suppliers | 440/4 | €8,069 | €1,908 | -€6,161 | -76.4% |
| Taxes, remuneration and social security | 45 | €3,654 | €846 | -€2,808 | -76.8% |
| Taxes | 450/3 | €3,654 | €846 | -€2,808 | -76.8% |
| Other amounts payable | 47/48 | €7,654 | €5,901 | -€1,753 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,049 | €1,049 | = | 0.0% |
| Other operating charges | 640/8 | €439 | €1,111 | +€672 | +153% |
| Gross operating margin | 9900 | -€6,127 | -€1,655 | +€4,472 | +73.0% |
| Operating profit (loss) | 9901 | -€7,615 | -€3,815 | +€3,800 | +49.9% |
| Financial charges | 65/66B | €118 | €57 | -€62 | -52.2% |
| Recurring financial charges | 65 | €118 | €57 | -€62 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,734 | -€3,872 | +€3,862 | +49.9% |
| Income taxes | 67/77 | €135 | - | -€135 | |
| Profit (loss) for the period | 9904 | -€7,869 | -€3,872 | +€3,997 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,869 | -€3,872 | +€3,997 | +50.8% |
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 14 October 2026 via checked.be.