ETIA Conseils: 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.
ETIA Conseils
Largest movements
- Cash +€3,782
up €3,782 (+35.5%), from €10,651 to €14,433
mainly Net result for the year (+€20,847) and Other debts (+€6,455)
- Receivables within one year +€2,192
up €2,192 (+17.8%), from €12,344 to €14,536
of which Trade receivables: +€1,768
- Debts after one year -€16,208
down €16,208 (-48.9%), from €33,119 to €16,911
- Reserves +€15,603
up €15,603 (+24.9%), from €62,679 to €78,282
- Other debts +€6,455
up €6,455 (+54.2%), from €11,915 to €18,370
- Gross operating margin +€10,039
up €10,039 (+29.8%), from €33,640 to €43,679
- Financial charges +€5,765
up €5,765 (+183%), from €3,142 to €8,908
- Depreciation +€1,251
up €1,251 (+77.2%), from €1,621 to €2,872
- Taxes +€672
up €672 (+6.3%), from €10,642 to €11,314
- Other operating charges -€551
down €551 (-57.9%), from €951 to €400
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 | €130,862 | €137,278 | +€6,416 | +4.9% |
| Fixed assets | 21/28 | €98,769 | €99,097 | +€328 | +0.3% |
| Tangible fixed assets | 22/27 | €7,785 | €8,113 | +€328 | +4.2% |
| Plant, machinery and equipment | 23 | €3,111 | €5,089 | +€1,979 | +63.6% |
| Furniture and vehicles | 24 | €2,011 | €901 | -€1,110 | -55.2% |
| Other tangible fixed assets | 26 | €2,663 | €2,122 | -€541 | -20.3% |
| Financial fixed assets | 28 | €90,984 | €90,984 | = | 0.0% |
| Current assets | 29/58 | €32,093 | €38,181 | +€6,087 | +19.0% |
| Amounts receivable within one year | 40/41 | €12,344 | €14,536 | +€2,192 | +17.8% |
| Trade receivables | 40 | €232 | €2,000 | +€1,768 | +762% |
| Other amounts receivable | 41 | €12,112 | €12,536 | +€424 | +3.5% |
| Current investments | 50/53 | €7,260 | €7,615 | +€355 | +4.9% |
| Cash at bank and in hand | 54/58 | €10,651 | €14,433 | +€3,782 | +35.5% |
| Deferred charges and accrued income | 490/1 | €1,839 | €1,596 | -€242 | -13.2% |
| Total equity and liabilities | 10/49 | €130,862 | €137,278 | +€6,416 | +4.9% |
| Equity | 10/15 | €65,908 | €81,511 | +€15,603 | +23.7% |
| Contributions | 10/11 | €3,229 | €3,229 | = | 0.0% |
| Reserves | 13 | €62,679 | €78,282 | +€15,603 | +24.9% |
| Distributable reserves | 133 | €62,679 | €78,282 | +€15,603 | +24.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,954 | €55,767 | -€9,187 | -14.1% |
| Amounts payable after more than one year | 17 | €33,119 | €16,911 | -€16,208 | -48.9% |
| Financial debts | 170/4 | €33,119 | €16,911 | -€16,208 | -48.9% |
| Amounts payable within one year | 42/48 | €31,835 | €38,849 | +€7,014 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €15,685 | €16,208 | +€524 | +3.3% |
| Financial debts | 43 | €13 | €13 | -€0 | -3.6% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €13 | €13 | -€0 | -3.6% |
| Trade debts | 44 | €2,626 | €3,273 | +€647 | +24.6% |
| Suppliers | 440/4 | €2,626 | €3,273 | +€647 | +24.6% |
| Taxes, remuneration and social security | 45 | €1,596 | €985 | -€611 | -38.3% |
| Taxes | 450/3 | €1,596 | €985 | -€611 | -38.3% |
| Other amounts payable | 47/48 | €11,915 | €18,370 | +€6,455 | +54.2% |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,621 | €2,872 | +€1,251 | +77.2% |
| Other operating charges | 640/8 | €951 | €400 | -€551 | -57.9% |
| Gross operating margin | 9900 | €33,640 | €43,679 | +€10,039 | +29.8% |
| Operating profit (loss) | 9901 | €31,069 | €40,408 | +€9,339 | +30.1% |
| Financial income | 75/76B | €276 | €661 | +€385 | +140% |
| Recurring financial income | 75 | €276 | €661 | +€385 | +140% |
| Financial charges | 65/66B | €3,142 | €8,908 | +€5,765 | +183% |
| Recurring financial charges | 65 | €3,142 | €8,908 | +€5,765 | +183% |
| Profit (loss) for the period before taxes | 9903 | €28,202 | €32,161 | +€3,959 | +14.0% |
| Income taxes | 67/77 | €10,642 | €11,314 | +€672 | +6.3% |
| Profit (loss) for the period | 9904 | €17,560 | €20,847 | +€3,288 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,560 | €20,847 | +€3,288 | +18.7% |
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 22 October 2026 via checked.be.